May 2019

14May

Collective Defined Contribution Schemes: A Fresh Alternative?

The government has given the green light to a new form of defined contribution pension scheme. At least, it is new to the UK. "Collective defined contribution" ("CDC") schemes are common in the Netherlands and Denmark but the idea of introducing this type of scheme into the UK has only relatively recently gained traction. The fact that the Royal Mail wants to put such a scheme in place for its 140,000-strong workforce has provided the impetus...

May 14, 2019
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14May

82% of Americans Are Making a Massive Retirement Planning Mistake

If you get a sinking feeling in your stomach when you think about your retirement finances, you're not alone. In fact, 75% of Americans report feeling only somewhat confident or not confident at all about their future financial health, according to a Fidelity survey . Respondents said they worry about outliving their assets, rising healthcare and living costs, and having to adjust their lifestyle to a fixed-income budget. There is a simple way to avoid this fate and to...

May 14, 2019
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14May

Canada. Mark Evans appointed director of CPPIB

Mark Evans, a former Goldman banker and veteran tech investor, is joining the Canada Pension Plan Investment Board (CPPIB) as a director for a three-year term, the Department of Finance Canada announced Monday. Evans spent 15 years with Goldman Sachs until 1999, before working as an investor in the tech sector with various firms. He is currently working with several early stage tech companies. Evans has a BA in economics from Queen’s University and a master’s in economics from...

May 14, 2019
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13May

México.Pensiones a adultos mayores, una bomba de tiempo para el gasto

La pensión que entrega el gobierno de Andrés Manuel López Obrador a los adultos mayores de 68 años en el país, combinada con el proceso de envejecimiento demográco, se convertirá en una fuerte carga scal al cierre de su sexenio, con un costo superior a 193 mil millones de pesos. La cifra equivale a nanciar el presupuesto conjunto que tienen destinados la Secretaría de Bienestar (150 mil 606 millones de pesos) y la Secretaría del Trabajo y Previsión Social...

May 13, 2019
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13May

UE cubrirá los salarios y las pensiones de la Autoridad Palestina para abril

La Unión Europea se ha comprometido a otorgarle a la Autoridad Palestina 15 millones de euros para cubrir los salarios de los empleados públicos y las familias de terroristas muertos. Abbas ha declarado que la Autoridad Palestina está «obligada» a continuar recompensando a los prisioneros y familias terroristas de los llamados «mártires». A principios de este año, Israel decidió retener del dinero de los impuestos que recauda en nombre de la Autoridad Palestina una cantidad equivalente a la suma...

May 13, 2019
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13May

Chile. No+AFP convoca a marcha contra proyecto de pensiones en Chile

No+AFP señala que el proyecto del Gobierno profundizaría el actual sistema de pensiones que beneficia a las empresas privadas. La coordinadora No+AFP la cual se opone al sistema de pensiones en Chile, llamó a una movilización frente al Congreso para este lunes en rechazo a la votación al proyecto de reforma al sistema previsional impulsado por el presidente, Sebastián Piñera. De acuerdo a las organizaciones convocantes a la protesta la iniciativa presentado por el Gobierno viene a profundizar aún...

May 13, 2019
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13May

EU pledges to cover PA salaries and pensions for April

The European Union has pledged to give the Palestinian Authority €15 million ($17 million) to cover the salaries of public employees – salaries that PA President Mahmoud Abbas cut to keep up payments to imprisoned and released terrorists, wounded terrorists and the families of dead terrorists. Abbas has declared that the PA is “obligated” to continue rewarding the terrorist prisoners and families of so-called “martyrs.” Earlier this year, Israel decided to withhold from the tax money it collects on...

May 13, 2019
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13May

Uber, Lyft: Gig economy employees are facing a heightened retirement crisis

Americans are increasingly falling behind on their retirement savings, and it could be even worse for the millions working in the gig economy. Despite the overall gig economy booming with companies like Lyft (LYFT) and Uber (UBER) going public, the companies’ staunch resistance to meet drivers’ demands for full-time employment and benefits “has the potential” to worsen the retirement crisis, Chad Parks, Founder and CEO of Ubiquity Retirement + Savings told Yahoo Finance. “To the best of our knowledge,...

May 13, 2019
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13May

UK. Number of civil servants on £100,000 pensions trebles

The number of public servants retiring with pensions of more than £100,000 a year has trebled since 2010 as executives in final-salary schemes finish work. NHS, civil service and teaching pension schemes paid six-figure incomes to 375 people last year, up from 117 in 2010, according to data obtained under the Freedom of Information Act. More than 115,000 retired public servants are receiving more than the average salary of people in work, now £28,600 a year, up from 78,000...

May 13, 2019
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13May

US. Private equity’s allure poses big risks for the stock market and its investors in the next recession

Private equity has taken center stage in active investing, and that means the stock market and its investors could face more challenges — especially in a recession. The transition is already underway and according to asset manager AllianceBernstein, won’t be ending soon. In a note to clients this week, the firm outlined an upcoming decade in which the “main expression of active investing” is in private markets. Analysts say this shift introduces potential problems. Liquidity could dry up in...

May 13, 2019
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