admin, Author at Pension Policy International

22MayMay 22, 2019

Peru – New Law establishes a special early retirement regime for the unemployed in the private pension system

On 3 May 2019, the ‘Law establishing a special early retirement regime for the unemployed in the private pension system’ (Law 30939) was published in the Official Gazette ‘El Peruano’. The main provisions of the Law are set out below. At the time of applying for the benefit, men must be at least 55 years of age and women 50. To request it, they must have been unemployed for 12 consecutive months or more, and prove the date of...

May 22, 2019

News, Slider2019, Perú

21MayMay 21, 2019

México. Podrán afiliarse al IMSS; Cabify dará facilidades en el ahorro voluntario

Los representantes de las plataformas digitales dieron visto bueno al programa que presentó el Servicio de Administración Tributaria (SAT), pues al pagar impuestos y estar en la formalidad, los conductores de Uber, Cabify, Beat, Bolt y los repartidores de Rappi, SinDelantal, Uber Eats y Cornershop podrán acceder a la seguridad social. Federico Romero, presidente de Uber y Uber Eats, indicó que entre los beneficios más importantes que tendrán los trabajadores está el acceso a los servicios de salud del Instiruto...

May 21, 2019

Noticias2019, Mexico

21MayMay 21, 2019

Chile. Presidente de Asociación de AFP y exclusión del 4% de cotización: “Todo esto va en perjuicio de los trabajadores, es increíble”

Andrés Santa Cruz sostuvo que es insólito que mientras el proyecto de pensiones busca aumentar la competencia, el Ejecutivo deje fuera a las AFPs de la administración de la cotización adicional. El presidente de la Asociación de AFP, Andrés Santa Cruz, criticó al gobierno por la decisión de excluir a dichas entidades de la administración de 4% adicional de cotización que contempla el proyecto de pensiones.“Llama la atención, por no decir que es insólito, que cuando todo el...

May 21, 2019

Noticias2019, Chile

21MayMay 21, 2019

México. Las afores con mayores pérdidas de cuentas de ahorro al cierre de abril, según la Consar

Lee también- México. Éstas son las Afore con mayor rendimiento De las 10 Administradoras de Fondos para el Retiro que participan en elSistema de Ahorro para el Retiro, siete mostraron salida de cuentas y tres fueron las beneficiadas por esos cambios. Las Afores Coppel y XXI Banorte registraron las mayores pérdidas de cuentas de ahorro para el retiro, al cierre de abril pasado, con 170,881 trabajadores menos entre ambas administradoras, de acuerdo con la Comisión Nacional del Sistema de Ahorro para...

May 21, 2019

Noticias

21MayMay 21, 2019

US. The Coming Pension Crisis Is So Big That It’s A Problem For Everyone

By John Mauldin (President of Mauldin Economics) A decade ago I pointed out that public pension funds were $2 trillion underfunded and getting worse. More than one person told me that couldn’t be right.They were correct: It was actually much worse. It has gotten to $2 trillion and much worse in just a few years.Note that we are talking here about a specific kind of pension: defined benefit plans. They are usually sponsored by state and local governments, labor unions, and...

May 21, 2019

News, OP Ed, Slider2019

21MayMay 21, 2019

What’s going on with an aging population and productivity?

The impact of an aging population on economic output and growth is the focus of an increasing number of studies. This development is not surprising given the retirement of the baby boomers and a rapid increase in the share of the population over age 60.The studies, however, provide seemingly conflicting conclusions. Two studies say an aging population is bad, and two say that it’s good.First, here’s what theory would tell you. In the absence of any other change, an...

May 21, 2019

News, Slider

21MayMay 21, 2019

Beyond mobile payments: Going up the value chain of fintech in Africa

Sub-Saharan Africa has become the global leader in mobile money adoption, usage, and innovation. The challenge now is to go beyond the success in payments to meet the unmet demand in the region for other, underdeveloped financial services that can facilitate the digitalization of other segments of the economy. In a new report, my colleagues and I take a closer look at the policy challenges that need to be addressed to go up the value chain of financial technology (fintech)...

May 21, 2019

News, SliderAfrica

21MayMay 21, 2019

Alexander Forbes announces retreat from Uganda

Alexander Forbes Financial Services Ltd said it is exiting Uganda, part of a parent company strategic review to focus on core businesses in its primary market and reset its pan-African operations.The reset of operations outside South Africa, its primary market, will see the financial services group exit “sub-scale markets such as Uganda,” Alexander Forbes Group Holdings Ltd. said in a regulatory announcement on the Johannesburg Stock Exchange in March.“The company is committed to an orderly exit from Uganda and...

May 21, 2019

News, SliderUganda

21MayMay 21, 2019

DBRS warns Finland about population ageing, rising household debt

FINLAND has received yet another warming about population ageing and growing household debt.DBRS, a credit rating agency headquartered in Toronto, Canada, on Friday stated that population ageing and the shrinking of the working-age population are putting pressure on the public economy, representing a major medium-term challenge for Finland.The high level of household debt was another source of concern for the credit rating agency. “The high debt level and substantial portion of mortgages with variable interest rates increase the vulnerability of the...

May 21, 2019

News, SliderFinland

21MayMay 21, 2019

Australia. Tony Abbott’s Going to Make Way More Money After Losing His Job

Tony Abbott lost his job over the weekend. The former Australian prime minister, onion muncher, and long-term MP for the north Sydney electorate of Warringah suffered a crushing defeat at the hands of Independent underdog Zali Steggall on Saturday night, bringing his political career to an abrupt and somewhat humiliating end. “I can’t say it doesn’t hurt to lose,” he told his supporters on election night, after conceding to Steggall. “So be it. I’d rather be a loser than...

May 21, 2019

News, Slider2019, Australia