July 2019

02Jul

Bulgaria. More than 2,130,000 Pensioners Will Receive an Increase of 5.7% on Their Pensions From Today

More than 2,130,000 pensioners will receive an increase of 5.7 percent on their pensions from today - 1 July. The change is in compliance with the Social Insurance Code provided for by all pension payments granted starting with 31 December 2018. This was announced by the National Social Security Institute.An increase by the same percentage of today will also apply to pensions that are equated to the minimum amount for the type of pension, including those granted in 2019....

July 2, 2019
News, Slider, ,
Read more...
02Jul

US. Workers in California are one step closer to retirement security

The Golden State is trying to make everyone’s golden years a little more comfortable.California’s state-sponsored retirement program, called CalSavers, is now out of the pilot phase and officially available to the public. The automatic enrollment program sets up an individual retirement account for employers to offer their workers, who can make contributions through payroll just like they would if they had a 401(k) plan. California is the third state to run with this program, following Oregon and Illinois.More than...

July 2, 2019
News, Slider,
Read more...
02Jul

México. 10 tareas pendientes sobre pensiones que la presente administración debe realizar: Consar

A 22 años de la creación del Sistema de Pensiones de Cuentas Individuales, la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar) resalta que el cambio de modelo pensionario es un motor del ahorro interno y del crecimiento de la inversión en México, “pero aún enfrenta grandes retos en los que ya trabaja la presente administración”. La autoridad, que preside Abraham Vela, enlista por lo menos diez grandes retos: 1. Realizar la reforma al Sistema de Pensiones...

July 2, 2019
Noticias,
Read more...
01Jul

Zimbabwe. IPEC’s new boss buoyant

The newly-appointed Insurance and Pensions Commission (IPEC) commissioner Grace Muradzikwa says Zimbabwe’s insurance industry has shown resilience despite the economic turbulence.Muradzikwa (GM), an insurance industry veteran, told our business editor, Kuda Chideme (KC), in an exclusive interview that the industry was “safe and stable”. Below are excerpts from the interview.KC: Congratulations on your latest appointment, which comes at a very crucial point in the history of the insurance sector and the country’s entire financial services industry. What is your...

July 1, 2019
News, Slider
Read more...
01Jul

Experts to help UK champion ageing society opportunities

Council of advisers set up to help UK seize economic opportunities of ageing society, and Business Champion for the Ageing Society Grand Challenge announced. A new council of specialists from across society, the UK Longevity Council, will advise how best to use innovations in technology, products and services to improve the lives of our ageing population.With the number of people aged over 65 set to nearly double to more than 20 million in under 50 years, the government’s Ageing Society...

July 1, 2019
News, Slider,
Read more...
01Jul

Perú. BCR plantea introducir benchmark para elevar competencia entre AFP

Una de las causas de que la rentabilidad de los fondos de pensiones de las cuatro AFP sea tan parecida es que se compara con un referente endógeno, advierte el Banco Central de Reserva (BCR). Un factor que explicaría la alta correlación de las rentabilidades entre AFP es la rentabilidad mínima, que se calcula mensualmente con base en el promedio del rendimiento real anualizado del sistema de pensiones en los últimos 36 meses, señala el BCR. Esto conduce a...

July 1, 2019
Noticias,
Read more...
01Jul

India.Denied pensions for six years, nearly 200,000 senior citizens in Delhi are forced to work again

Kamru Jamaal’s life would be easier if he got the monthly pension of Rs 1,000 that New Delhi’s municipal corporations are supposed to pay their poor senior citizens. At 73, he makes a living driving a cycle-rickshaw on the streets of North Delhi’s Kingsway Camp area.“I can’t remember how long I haven’t been paid a pension,” said Jamaal, who migrated to Delhi from Bihar’s Supaul district decades ago in search of a livelihood.The money would have also allowed Ram...

July 1, 2019
News, Slider
Read more...
01Jul

México. Piden al gobierno federal adelantar reforma profunda al SAR

Representantes del sistema de pensiones mexicano pidieron al gobierno federal adelantar la presentación de la propuesta de reforma a la Ley del SAR, a fin de lograr frenar los grandes problemas futuros, por los bajos niveles de pensión de los trabajadores en el país. Esto, debido a que funcionarios de la actual administración afirmaron que en este gobierno sí habrá una gran reforma al Sistema de Ahorro para el Retiro (SAR), la cual se presentará al Congreso de la...

July 1, 2019
Noticias,
Read more...
01Jul

The financial inclusion balancing act

Libra, the wildly ambitious and probably doomed Facebook-backed cryptocurrency, is innovative in many different ways. But there's one part of it that's deeply familiar — the way in which it sells itself as a way of bringing millions of people into the global financial system.The big question: Can the private sector, and technology companies in particular, bring critical financial services to those who have been excluded from the global financial system?Most fintech startups espouse two lofty goals: disrupting the banks and serving...

July 1, 2019
News, Slider,
Read more...
01Jul

Europe’s population is aging rapidly. Here’s how to turn that into an opportunity

Ahead of this weekend's G20 summit in Japan, an elderly idol group called Obachaaan released a music video welcoming the new visitors to their city, Osaka.The energetic seniors dance and rap through the port city in the slapstick rap-style video, called "Oba Funk Osaka" -- which charmed at least one world leader."Like Japan, Singapore too has an aging population," Singaporean Prime Minister Lee Hsien Loong wrote in a Facebook post in reference to the demographic issue being on the global agenda at the G20 for...

July 1, 2019
News, Slider, ,
Read more...