Propuesta. Para Julio Velarde es un abuso que quienes aportan 12 o 15 años en el sistema previsional nacional no reciban pensión. Están a favor de una AFP pública. Para el presidente del Banco Central de Reserva del Perú, Julio Velarde, es injusto y hasta un abuso que quienes aportaron por 12 o 15 años a la ONP no reciban pensión, por lo que afirmó que el número de años de cotización en el sistema previsional nacional debería cambiarse....
An accountant who fraudulently took over £290,000 from a pension scheme has been jailed for more than three years. Roger Bessent was trustee and administrator for the Focusplay Retirement Benefit Scheme – the pension scheme for the accountancy business he was a director of. Savers’ money was transferred into new business ventures that he, his family and a client attempted to run. Bessent also used the money to buy himself and his wife a house to rent out as...
Kenyan and U.S. pension fund managers are in Nairobi evaluating the investment potential and opportunities in infrastructure in the East African nation. The World Bank said the three-day meeting, which kicked off on Monday, will see the Kenya Pension Fund Investment Consortium (KEPFIC) host 30 representatives of major U.S. pension and asset management funds to discuss investment opportunities with KEPFIC and its membership of 12 Kenyan fund managers, which currently manage 200 billion shillings (2 billion U.S. dollars) in...
People are aging and the incidence of elder financial abuse, and the permutations it can take are growing as well. There is lots of talk of these issues but what you need to do, for yourself if applicable or for loved ones that might be affected, is take action. There are a number of specific steps that might prove helpful and protective. First, let's look at some of the many forms this exploitation can take. A recent article in...
By Rana Comertpay, Andreas Irmen (University of Luxembourg), Anastasia Litina (University of Ioannina) This research empirically establishes the hypothesis that the process of population aging in a society as a whole affects the attitudes of its members towards immigration. Hence, an aging social environment exerts an effect on the attitudes of individuals towards immigration after accounting for their age and other individual characteristics. We test this hypothesis in a multilevel analysis of individuals living in 25 European OECD countries over...
By Belen Diaz Diaz, Samuel O Idowu, Philip Molyneux This book explores the status quo of corporate governance in banking and investor protection from both theoretical and practical perspectives. Bringing together original conclusions with a regional and international focus, it provides a timely and comprehensive overview of the effectiveness of corporate governance in the financial sector and an assessment of investor protection. It also includes a number of examples and case studies to illustrate the findings. The book compares corporate...
By Richard A. Marin, Robert H. Frank A comprehensive look at the crisis of unfunded pension liabilities and what must be done to avoid the same problem in the future As the generational bubble of the Baby Boomers begins to retire, it is increasingly evident that governments, corporations, and individuals have failed to adequately prepare for the obligations and needs of this giant cohort. Retirees are outliving actuarial life expectancies, pension liabilities are skyrocketing, pension plans are underfunded, and medical costs...
By Facundo Abraham (World Bank), Sergio L. Schmukler (World Bank - Development Research Group (DECRG)), José Tessada (Business School, Pontificia Universidad Católica) Investing through online automated platforms, known as robo-advisors, is increasingly popular. Robo-advisors expand access to wealth management services by making it easier and less costly to open investments accounts and receive financial advice, as well as plan and automate investment decisions. However, the rise of robo-advisors requires consumers to understand the limitations of these services and to get...
Al cierre de febrero de 2019, el rendimiento nominal del Sistema de Ahorro para el Retiro (SAR) fue de 3.7 por ciento y de 0.3 por ciento en términos reales, como reflejo de la alta volatilidad de los mercados, informó la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). De esta manera, el rendimiento histórico del sistema, desde 1997 al término de febrero pasado, fue de 11.02 por ciento de forma nominal y 5.13 por ciento real,...
Los aportes voluntarios que realizan los afiliados al Sistema Privado de Pensiones (SPP ) crecieron en 243% en los últimos 33 meses, periodo en el que está vigente el retiro del 95.5% de los fondos, de acuerdo con información de la SBS. De esta manera, la cartera administrada por aportes voluntarios pasó de S/ 603 millones a S/ 2,068.7 millones. Si se observa por tipo de aporte, el que más ha crecido es el de Aportes Voluntarios Sin Fin...
