La primera generación “Afore” está a unos años de comenzar su retiro y van a enfrentar el problema de tener pensiones muy bajas. Por poner un ejemplo, si una persona recibe de sueldo 10,000 pesos al mes en promedio y casi nunca dejó de cotizar en su Afore, va a recibir aproximadamente 2,800 pesos de pensión cuando lo recomendado es que reciba al menos de 7,000 a 8,000 pesos. Pero, ¿qué falló? ¿Qué cambios se necesitan hacer a las...
Pension funds are on the precipice of a dramatic overhaul. Due to the sector’s historically risk-averse nature, underperforming players have been able to slip under the radar, with retirement savers simply accepting low returns as par for the course. This year, however, has seen a substantial rise in regulatory appetite, meaning funds that are not delivering for investors risk being wiped out. In these testing times, a strong sense of direction and adaptability are key qualities that set leading firms...
The US’s largest pension fund fell just short of its investment target in fiscal 2019, underlining the difficulty of earning the kind of returns state and local funds need to pay future benefits. The California Public Employees’ Retirement System earned 6.7% in the year ending June 30, it said Thursday. Its goal is 7%. The performance leaves the retirement system known as Calpers with 70% of what it needs to afford all future obligations to public workers across the state of California.... Read More: @Fnlondon
La Superintendencia de Pensiones (SP) echó pie atrás a una de sus últimas decisiones técnicas: la tasa de interés técnica del retiro programado (TITRP), una de las modalidades de pensión que pueden optar las personas que deciden jubilarse. Hasta hace un par de semanas, la autoridad reguladora había fijado -en base a la metodología dispuesta por el Ministerio del Trabajo y Hacienda mediante un decreto supremo- la tasa en 2,95% a partir de abril de 2019. Sin embargo, la...
The Constitution of Namibia, Article 95, requires the state to actively promote as well as maintain the welfare of people and create equal opportunities. Zephania Kameeta, Minister of Poverty Eradication and Social Welfare this when officially opening a regional consultative workshop on the Social Protection Policy Draft at Keetmanshoop earlier this week. The parliamentarian then explained that this draft aims specifically to address vulnerabilities, tackle social exclusion and eradicate poverty. He continued by referring to the Namibian Constitution...
Brazilian President Jair Bolsonaro's ambitious pension reform bill passed an initial vote in Congress Wednesday, a major step for his efforts to boost confidence in the country's lagging economy. In the first of two votes, the lower house of Brazil's Congress approved the reform measure, a boon for Bolsonaro whose signature economic policy has faced stiff resistance from trade unions and a hostile Congress. Social activists and union members protested the proposed measure in Sao Paulo on Wednesday evening....
China will replenish social security funds through the injection of state capital this year to make the funds more sustainable. Policies to reduce employers' contributions to social insurance schemes will be further implemented to ensure that pensions are paid on time and in full. The decision was made at the State Council's executive meeting chaired by Premier Li Keqiang on Wednesday. Li has set out measures for such capital transfer in the Government Work Report for four consecutive years....
Women in their 60s expect to have accrued a pension worth £51,100 to retire on, amounting to only a third of the value saved by men, at £156,500. A report out this morning (July 11) showed that in order for women to draw the same pension income as men, they would need to have saved about 5 to 7 per cent more by retirement age. The report Facing an unequal future - closing the gender pensions gap was compiled...
Today, the European Insurance and Occupational Pensions Authority (EIOPA) published four Opinions to assist National Competent Authorities (NCAs) in the implementation of the Institutions for Occupational Retirement Provisions - the IORP II Directive: The Opinion on the use of governance and risk assessment documents in the supervision of Institutions for Occupational Retirement Provisions (IORPs) The Opinion on the practical implementation of the common framework for risk assessment and transparency for Institutions for Occupational Retirement Provisions (IORPs) The Opinion on...
Por María José Roa y Diana Mejía En las últimas décadas se ha despertado un creciente interés por entender las decisiones financieras de los hogares. En parte, este interés se ha debido a su estrecha relación con dos fenómenos de especial importancia para las economías en desarrollo: la inclusión y la educación financiera. Su creciente importancia se origina, en gran medida, en la aparición de una serie de estudios macroeconómicos que han mostrado cómo la inclusión financiera se relaciona...
