April 2019

26Apr

México. Crece disputa entre Afores y traspasos de cuentas aumenta 22% en primer trimestre

La disputa entre las Afores por las cuentas individuales de los trabajadores y afiliados al Sistema de Ahorro para el Retiro (SAR) se intensificó en el primer trimestre del año. Datos de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar) revelaron que entre enero y marzo sumaron 666 mil los traspasos de cuentas, un aumento de 22.6 por ciento respecto al mismo trimestre de 2018 y de poco más del 87 por ciento en comparación con...

April 26, 2019
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26Apr

Chile. Presidente de Habitat por cambios al sistema de AFP: “No será una reforma técnica, sino más bien política”

Un llamado a aumentar la edad de jubilación realizó durante esta mañana AFP Habitat durante su junta ordinaria de accionistas, instancia en la que su presidente, Cristián Rodríguez, subrayó que la reforma previsional que hoy se discute en el Congreso es insuficiente. Durante la junta, Rodríguez sostuvo que el problema actual de las pensiones se reúne en que la mayoría de las personas no ahorran en forma regular para la pensión, los parámetros de edad de jubilación no se...

April 26, 2019
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26Apr

Nigeria inaugurates School of Pensions, Retirement Planning

Nigeria has commissioned the first Abuja School of Pensions and Retirement Planning (ASPRP) to provide tertiary education for the acquisition of vital skills and capacity in pension administration and management.n and management. The school, a private sector-driven monotechnic, is approved by the Ministry of Education, having met the requirements of the National Board for Technical Education (NBTE). Malam Muhammad Bello, Minister of the Federal Capital Territory, said the establishment of the school was a proof of FCT administration’s commitment...

April 26, 2019
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26Apr

Brazil Legislators Finally Gather Pace in Pension Reform Push

After weeks of delays, Brazil’s lower house of Congress is on a roll, pushing ahead the government’s key pension reform by creating a long-awaited committee only days after declaring the bill was constitutional. Center-right PR party deputy Marcelo Ramos will head a lower house special committee that will debate potential changes to the bill. Committee discussions will take place between May and June, lower house Speaker Rodrigo Maia said on Thursday. The special committee represents the second step of...

April 26, 2019
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26Apr

The Extinction Rebellion: How Sustainable Finance Can Help Save The Planet

Parts of London were brought to a standstill by the Extinction Rebellion last week. The protesters seek to bring to the public’s attention the ticking time bomb that the human race faces by not addressing climate change seriously or quickly enough. The Extinction Rebellion is more an orderly assembly of rational modest citizens, many of whom have never protested before, than anarchists such as anti-capitalist / global protestors. A seventy-year-old women who was arrested and wished not to be...

April 26, 2019
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26Apr

Morgan Stanley to pay $130 million to California pensions over bad investments

One of the world’s largest investment banks has agreed to put $130 million into the nation’s biggest public pension system to settle accusations it knowingly sold bad investments that caused the retirement fund for millions of workers to lose money. California Atty. Gen. Xavier Becerra announced the settlement with Morgan Stanley on Thursday. The bank is to pay $150 million. Of that, $122 million will go to the California Public Employees’ Retirement System, known as CalPERS, and $8 million...

April 26, 2019
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26Apr

South Africa. Government pension fund should invest more in unlisted assets, says head

Government Employee Pension Fund Principal Executive Officer Abel Sithole told reporters on Thursday that the fund, its members and the economy could enjoy untold benefits if the fund broadened its investment portfolio’s exposure to unlisted investments. The GEPF is Africa’s largest pension fund, with over 1.2m active members and more than 400 000 pensioners and beneficiaries. The GEPF's investment portfolio currently stands at R1.8trn. The fallout from PIC investments gone wrong, including AYO Technologies and Steinhoff International Holdings, has...

April 26, 2019
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25Apr

México. Se viene un ‘tsunami’ pensionario, asegura titular de la Consar

Los cambios demográficos, así como la carencia de un sistema de pensiones consolidado, incluyente y de amplia apertura, están provocando un “silencioso tsunami” pensionario en México, alertó este miércoles Abraham Vela Dib, presidente de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). El presidente de la Consar detalló que México es un país plagado de desigualdades, en donde 53 millones de mexicanos viven en pobreza, diez millones de ellos en situación extrema y, por otra parte,...

April 25, 2019
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25Apr

España. Los grandes partidos coinciden en garantizar subidas de pensiones pero discrepan en su financiación

Tras el primer debate a cuatro del lunes entre los principales candidatos a presidir el Gobierno tras las elecciones generales del próximo domingo, este martes se ha celebrado otro debate, más técnico y sosegado, que permitió conocer los entresijos económicos de los programas de los grandes partidos. Organizado por el Consejo de Economistas y la Asociación de Periodistas de Información Económica (Apie), el encuentro estuvo protagonizado Iván Ayala (Unidas Podemos), Manuel de la Rocha (PSOE), Francisco de la Torre...

April 25, 2019
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25Apr

Prudential Financial closes $2.6 billion in longevity reinsurance agreements

Prudential Retirement®, a unit of Prudential Financial, Inc. (NYSE: PRU), has concluded about $2.6 billion in previously undisclosed longevity reinsurance contracts, an important signal of an unprecedented start to the 2019 U.K. pension risk transfer market. As part of these transactions, Prudential Retirement is assuming the longevity risks of approximately 16,000 pensioners. This early 2019 de-risking wave has been driven in part by many pensions seeking to close agreements prior to the original March 29 Brexit deadline. But with...

April 25, 2019
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