June 2019

México. Ahorro en afores debe complementarse: actuarios

Concentrar el ahorro pensionario en una administradora de fondos para el retiro (afores) no es la mejor opción, ya que no garantiza una pensión digna a los trabajadores, por lo que sería conveniente complementarlo con planes privados de pensiones, comentaron actuarios. “Se necesitan planes privados de pensiones, especialmente los que son híbridos, es decir, los que se conforman del régimen de beneficio definido y contribución definida; es lo más adecuado”, dijo Salim Afiune, presidente de la Asociación Mexicana de...

Diputados brasileños comienzan a tratar mañana reforma en sistema de pensiones

La Cámara de Diputados del Brasil votaría la reforma al sistema de pensiones en la primera semana de julio y el proyecto comenzará a ser tratado mañana en comisión, según informó Rodrigo Maia, vocero de ese cuerpo en Brasilia. En rueda de prensa, Maia dijo que "el proyecto será presentado mañana para ser discutido en las comisiones. Hay suficiente tiempo y las comisiones pueden votarlo hasta la última semana de junio". La reforma al sistema de pensiones es un...

El fondo soberano de Noruega retira 11.000 millones de los combustibles fósiles y apuesta por las renovables

El Parlamento noruego ha aprobado la decisión del Fondo de Pensiones de Noruega (también conocido como el Fondo del Petróleo y considerado como el fondo soberano más grande del mundo) de desinvertir en las empresas de petróleo y gas, por valor de 11.000 millones de euros, para volcarse en las renovables. Esta decisión se basa en el descenso permanente de los precios del petróleo, principal fuente de ingresos del país nórdico, y tiene el objetivo de "reducir la vulnerabilidad...

Nombra Principal Afore nuevo director

Principal Afore informó que a partir del segundo semestre del año implementará cambios organizacionales, donde Jaime Santibáñez asumirá la dirección general de Principal Afore, reportando directamente a José Antonio Llaneza, Country Head de Principal en México. En un comunicado, Principal Afore dijo que anteriormente este cargo estaba encabezado por Mariano Ugarte, quien ahora fue invitado a Chile para ocupar el cargo de gerente general de Principal Administradora General de Fondos. Destacó que Jaime Santibáñez es Ingeniero Civil Industrial con...

Puerto Rico oversight board reaches deal over retiree pensions

Puerto Rico’s federally created financial oversight board said on Wednesday it reached a deal to restructure more than $50 billion in unfunded pension liabilities that includes cuts for some of the bankrupt U.S. commonwealth’s retired government workers. The tentative agreement with a federal court-appointed committee representing more than 167,000 retirees, which the government opposes, helps pave the way for a plan to restructure Puerto Rico’s core government debt. Puerto Rico has been in U.S. District Court since 2017 in...

France. Macron to Tackle French State Pensions in Mother-of-All-Reforms

France isn’t done with reforms. That’s the core message Prime Minister Edouard Philippe aimed to get across in Parliament Wednesday. “We have reasons to be proud of the work we’ve done and we have the legitimacy to keep going,” Philippe said in a 66-minute speech laying out what he called “Act II” of Emmanuel Macron’s presidency. “We’ve done a lot in the past two years and we need to do a lot more," he added. "Our enemy is the...

Uproar over $185,000 shortfall puts Japan pension reform on hold

A public uproar has forced the government to retract a controversial report claiming that retired couples reliant on public pensions also need sizable savings, but this backpedaling could further delay Japan's much needed reckoning with the overburdened program. The report compiled by a Financial Services Agency council earlier this month showed that a household with a 65-year-old husband and a 60-year-old wife would need an additional 20 million yen ($184,000) in assets if they live another 30 years. The...

US retirement accounts are growing, but not fast enough

Vanguard has released its annual How America Saves 2019 report. It’s a snapshot of the state of retirement in America that focuses on defined benefit accounts, which are mostly in the form of 401(k)s. 1. Despite the market downturn in 2018 (the S&P 500 was down about 6%), the average defined contribution plan last year increased 4%, largely because participants were saving more. The increase counted only those who also had accounts in 2017, not new accounts. 2. More...

Can Bangladesh develop a national pension system?

A future for Bangladesh’s senior citizens Bangladesh is one of the most densely populated countries in the world, and the eighth-largest by population. The number of people over 60 years of age has been projected to increase from about 9.8 million (6.5% of total population) to 18.1 million (10% of total population) by 2026 and 44.1 million people (20.2% of total population) by 2051 in Bangladesh. The average life expectancy of a Bangladeshi is now...

Growth Markets Asset Allocation Trends: Evolving Landscape

By Fiona Dunsire What happens as global economic leadership changes hands from the Western economy to the growth markets — countries in Asia, Latin America, Middle East and Africa? In our very first Growth Markets Asset Allocation Trends: Evolving Landscape, we analyze pension fund asset allocation in these dynamic markets and interpret what the trends mean for asset owners, asset managers and, ultimately, individual investors. Consider these numbers: 25 of the top 50 global institutional investors are located in...