May 2019

01May

Why the Future of Brazil’s Economy Rides on Pensions

Latin America’s largest economy, Brazil, is at a crossroads. Fixing its public finances could open the door to a virtuous cycle of expansion; failing that, it risks slipping deeper into junk-level credit ratings and sub-par growth. Much depends on the nation’s costly pension system, the target of the first sustained legislative push by President Jair Bolsonaro and his economic team. Mustering lawmaker support for pension reform failed as recently as 2017 under former President Michel Temer, and Bolsonaro’s effort...

May 1, 2019
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April 2019

30Apr

México. Diputados aprueban reforma al Sistema de Ahorro para el Retiro

El Partido Acción Nacional sumó hoy sus votos a los de Morena, PES y PVEM, lo que permitió aprobar esta tarde en lo general la iniciativa presidencial de reforma a la Ley de los Sistemas de Ahorro para el Retiro, que incluye el cobro de comisiones por administración y rendimiento, así como el uso de los fondos en inversiones “en razón de la evolución y perspectivas de los mercados financieros”. La reforma fue rechazada por PRI, PT, PRD y...

April 30, 2019
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30Apr

Perú. ¿Cuál es la rentabilidad de los fondos de afiliados de las AFP en lo que va del año?

Los fondos 1, 2 y 3 del Sistema Privado de Pensiones (SPP) obtuvieron una rentabilidad de 5,3%, 6,9% y 8,3% respectivamente en lo que va del año, al 23 de abril de 2019, luego de un 2018 con resultados mixtos, informó hoy la Asociación de AFP. Los fundamentos del retorno obtenido por los fondos de pensiones en estos primeros meses fueron, entre otros factores, por una mejora en las perspectivas de las relaciones comerciales entre Estados Unidos y...

April 30, 2019
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30Apr

México. Senado aprueba en lo general reforma laboral

Con 120 votos a favor y dos abstenciones, el Senado aprobó, en lo general, la reforma laboral que da respuesta a demandas históricas de los trabajadores, al establecer la libertad y democracia sindical y un nuevo sistema de impartición de justicia para la resolución de los conflictos obrero patronales. En tribuna, el presidente de la Comisión de Trabajo, del Senado, Napoleón Gómez Urrutia, recalcó que la reforma genera condiciones mínimas para hacer valer el principio de libertad y democracia...

April 30, 2019
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30Apr

Malta’s tighter pension rules to affect thousands of UK savers

Malta is introducing tougher pension rules which stipulates that advisers must be regulated in the jurisdiction where their client is based, a move that will affect tens of thousands of British savers. The new rules, due to come into effect on 1 July 2019 according to the Malta Financial Services Authority (MSFA), will impact the way in which pension trustees administer both new scheme applications and existing members on a number of levels. deVere Group estimates that in the...

April 30, 2019
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30Apr

Canada. Morneau Shepell releases the results of its Performance Universe of Pension Managers’ Pooled Funds

Morneau Shepell (TSX: MSI) has released the results of its Performance Universe of Pension Managers' Pooled Funds for the first quarter of 2019. According to the report, in the first quarter of 2019, diversified pooled fund managers posted a median return of 8.3 per cent before management fees. "The FTSE Canada Universe Bond index posted a return of 3.9 per cent and the Canadian Equity S&P/TSX Composite index posted a return 13.3 per cent. The U.S. Equity S&P 500...

April 30, 2019
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30Apr

Brazil’s Bolsonaro Finally Gets A Win

Brazil’s president Jair Bolsonaro and his party of newcomers and roughnecks finally cleared a legislative hurdle last week. An important step in Bolsonaro’s planned social security system reboot passed in the Constitution and Justice Committee (CCJ), which was no surprise. For Bolsonaro, a win’s a win, even if it is a small one in the overall scheme of pension reform. This is one step in a very drawn out process. And so while Brazil’s stock market is up on...

April 30, 2019
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30Apr

Moody’s changes outlook on Croatia to positive

Credit rating company Moody’s has changed Croatia’s outlook from stable to positive, affirming the country’s long-term local and foreign currency issuer and senior unsecured debt credit rating at Ba2. Although the surplus was lower (0.2 per cent of GDP), in large part due to the activation of a state guarantee regarding the Uljanik Shipyard, Croatia confirmed a positive trend throughout 2018. In its statement, Moody’s highlighted how the improved fiscal performance is mainly attributable to a significant reduction in...

April 30, 2019
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29Apr

México. Reforma de 1997 en pensiones incumplió objetivos: expertos

La reforma que se hizo en el sistema de pensiones de 1997 no cumplió con la promesa de tener una mejor cobertura y dar una pensión digna para los mexicanos, comentaron expertos, en referencia a las conclusiones del último estudio de la Organización Internacional del Trabajo (OIT) sobre el tema. En su informe “la reversión de la privatización de las pensiones: reconstruyendo los sistemas públicos de pensiones en los países de Europa Oriental y América Latina (2002-2018)”, la OIT...

April 29, 2019
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29Apr

Millions of Americans are working past 65, and it’s not because they can’t afford to retire

More retirement-age Americans, mostly baby boomers, are working today than ever before, but it's not because they need the money. The largest increase in people working past 65 has been among those in the best shape for retirement: highly educated people with high incomes, says Lincoln Plews, a research analyst at United Income. The biggest reason for working longer? They're healthier than they've ever been. Not all baby boomers are itching to retire. The greatest share of older Americans...

April 29, 2019
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