May 2019

17May

Mobile Coverage and its Impact on Digital Financial Services

By Leon Perlman, Michael Wechsler Digital Financial Services (DFS) is a relatively recent mobile-centric financial inclusion innovation in developing. Using ubiquitous mobile phones as the means of service access (primarily through 2G narrowband services, with broadband 3G and 4G potentially available). DFS provides the unbanked and underserved - many of whom live in rural areas - with access to basic financial services provided by banks and nonbanks such as mobile network operators and third party DFS providers (DFSPs)....

May 17, 2019
Articles, Pension design,
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17May

Informality, Labor Regulation, and the Business Cycle

By Gustavo Leyva, Carlos Urrutia We analyze the joint impact of employment protection and informality on macroeconomic volatility and the propagation of shocks in emerging economies. For this, we propose a small open economy business cycle model with frictional labor markets, labor regulation, and an informal sector, modeled as self-employment. The model is calibrated to the Mexican economy, in particular to business cycle moments for employment and informality obtained from our own calculations with the ENOE survey for the...

May 17, 2019
Articles, Labor Market, Slider-Left, , ,
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17May

Colombia. Gobierno busca propuestas de los ciudadanos para mejorar protección a la vejez

Actualmente se cocina una reforma que permitirá, según el Ministerio de trabajo, ofrecer una mejor protección a la población en edad de jubilación. Con el fin de refinar la propuesta final, se quiere que la ciudadanía participe, por medio de una página web, aportando ideas, o manifestando sus inconformidades. Se espera que para diciembre del presente año se radique ante el Congreso un proyecto que permita mejorar la protección a la vejez. Cifras manejadas por el Ministerio de Trabajo...

May 17, 2019
Noticias,
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17May

Argentina. Inflación y poder adquisitivo En 12 meses, las jubilaciones y el salario mínimo perdieron entre el 12 y el 15%

Las jubilaciones y pensiones y el salario mínimo acumulan en los últimos 12 meses una pérdida real de entre el 12,8 y 15,5%. El salario mínimo, vital y móvil es de $ 12.500 para los mensualizados y de $ 62,50 la hora para los jornalizados. Un año atrás, esos valores eran de $ 9.500 y $ 47,50 la hora. Representa un aumento del 31,6% frente a una inflación interanual del 55,8%. Descontando la suba de precios, representa una caída...

May 17, 2019
Noticias,
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17May

Sex Workers Lobby for Pensions and Health Services in India Amid Elections

India is holding general and legislative assembly elections in the states of Andhra Pradesh, Arunachal Pradesh, Odisha, and Sikkim until 19 May. Sex workers are lobbying candidates in the Indian general election asking them to support their demands for better health and welfare services in return for votes. The AINSW reportedly has 5 million members, yet sex workers have no special influence. Indian society and politics are known to be too conservative to talk about sex work openly, much...

May 17, 2019
News, Slider,
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17May

Four Nordic Pension Plans Commit $700 Million to Renewable Energy

Three Danish pension funds and one Norwegian plan have invested $700 million in a renewable energy infrastructure fund. The four Nordic funds, $35.2 billion PensionDanmark, ATP ($125 billion), Laegernes Pension ($134 billion), and Norway’s Kommunal Landspensionkasse ($700 million), will focus their environmental, social, and governance (ESG) efforts on mostly Asian and Latin American infrastructure projects. They are pooling their ESG investments in a new vehicle to manage the money, the Copenhagen Infrastructure New Markets Fund I portfolio. The infra-fund...

May 17, 2019
News, Slider
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17May

Lawmakers see momentum for bills promoting workplace retirement plans

As lawmakers work to put the finishing touches on legislation that would give employers new flexibility in their retirement plans, members of the Senate are looking ahead to new bills to further encourage workplace savings. Members of the Senate Finance Committee say they are hopeful about getting some version of the Retirement Enhancement and Savings Act to the president's desk this year. If the measure became law, businesses in varied industries could band together in multi-employer plans and would...

May 17, 2019
News, Slider,
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17May

Pension fund awards Robeco €250 million Asia-Pacific ESG mandate

PNO Media has assigned Robeco to its Asia-Pacific equity portfolio. The mandate has €250 million in assets and will leverage the expertise of both Robeco and RobecoSAM when it comes to investment decisions and ESG integration. Commenting on the launch of the mandate, Nelly Altenburg, chair of PNO Media, said that sustainability is increasingly important for the pension fund, and both asset managers are the leading players in the field. ‘And of course, the good financial results of the...

May 17, 2019
News, Slider
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17May

UK: Pension Scheme Investment – A New Era Of Increased Competition?

Recent intervention by the Competition and Markets Authority could lead to increased competition in the market for investment professionals who provide services to pension schemes – which should be a good thing for the employers supporting those schemes. Many occupational pension schemes use the services of investment consultants and / or fiduciary managers. Broadly, investment consultants advise pension scheme trustees on how best to invest scheme assets – and fiduciary managers make investment decisions on behalf of pension...

May 17, 2019
News, Slider,
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16May

Chile. Diputados inician debate por reforma de pensiones a la espera de los votos radicales y de la DC

Este miércoles comenzó el debate de la reforma al sistema de pensiones en la sala de la Cámara de Diputados, luego del rechazo que sufrió la iniciativa en la comisión de Trabaja de dicha corporación. Recordemos que todos los diputados de la Cámara participarán del debate en torno a esta reforma, que incorpora, entre otras disposiciones, un aumento del 4% de la cotización por parte del empleador y un incremento de los recursos destinados al pilar solidario. El ministro...

May 16, 2019
Noticias
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