March 2019

25Mar

Superannuation in Australia: A Survey of the Literature

By Geoffrey Kingston (Macquarie University) & Susan Thorp (University of Sydney Business School; Financial Research Network (FIRN); Centre for International Finance and Regulation (CIFR)) In 2017 Australian superannuation assets stood at 148 per cent of GDP, or $2.5 trillion in absolute terms. This was the world's fourth largest pool of retirement savings, a remarkable outcome over 25 years of the operation of the Superannuation Guarantee. We survey the local academic, industry and policy literature on the economics of superannuation during the...

March 25, 2019
Articles, Pension design,
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25Mar

Can an Ageing Workforce Explain Low Inflation?

By Benoît Mojon (Bank for International Settlements (BIS)) & Xavier Ragot (Banque de France) Why is wage inflation so weak in spite of the recent sharp reduction in unemployment? We show that this may be due to an ongoing change in the composition of the labor supply. Indeed, the participation rate of workers aged between 55 and 64 has increased steadily over the last decade, from a third to above a half on average across OECD countries. This is most...

March 25, 2019
Aging, Articles, Labor Market,
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22Mar

Perú. AFP plantean que Estado otorgue S/ 1,650 a cada peruano al nacer para su fondo de pensiones

El Gobierno y el Congreso de la República hoy ya coinciden en la necesidad de mejorar el sistema de pensiones, que en los últimos años viene siendo objeto de fuertes críticas. Para contribuir al debate, la Asociación de AFP presentó ayer una propuesta de reforma integral del sistema de pensiones, basada en un esquema de tres pilares y que será entregada al Ejecutivo. La propuesta incorpora el concepto de solidaridad para el segmento de la población de ingresos más...

March 22, 2019
Noticias,
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22Mar

México. Impulsar el ahorro voluntario es una prioridad: Amafore

Para la Asociación Mexicana de Administradoras de Fondos de Ahorro para el Retiro (Amafore), es una prioridad impulsar el ahorro voluntario, dado que solo 11 por ciento de los trabajadores que tienen una cuenta para el retiro, y que representan a 6.9 millones de mexicanos, hicieron aportaciones voluntarias el año pasado. Es decir, que 89 por ciento de los 62.9 millones con una Afore decidieron no ahorrar. Bernardo González, presidente de la Amafore, dijo que es preocupante que la...

March 22, 2019
Noticias,
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22Mar

UK Pensions Secretary Backs Collective Defined Contribution Plans

Amber Rudd said new type of pension should ‘deliver improved investment returns.’ The UK’s Work and Pensions Secretary Amber Rudd said she supports allowing Collective Defined Contribution (CDC) pension plans in the UK, a decision that was welcomed by postal services provider Royal Mail and the Communication Workers Union (CWU). “These pioneering proposals should deliver improved investment returns for workers and savers while cutting costs and red tape for British job creators,” said Rudd. “The new type of pension...

March 22, 2019
News, Slider,
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22Mar

401(k) managed accounts becoming more diverse

Some record keepers of defined-contribution retirement plans are diversifying the managed-account products they offer to employers and their employees in a bid to boost uptake and diversify their revenue streams in an environment of fee compression, according to experts. Empower Retirement is the most recent example. The record keeper — among the largest, with $590 billion in assets and more than 9 million participants — debuted its Advisor Managed Accounts product Mar. 20. Unlike a traditional managed account —...

March 22, 2019
News, Slider,
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22Mar

Zimbabwe. NSSA pensioners are crying for attention

Both government and the private sector are doing something on 'hardship allowance' for their workers whilst NSSA pensioners continue to sing the blues. One Hon.MP raised the plight of the suffering pensioners in Parliament early this month but the discussion never went far, with Hon. Sekai Nzenza saying government was seized with the matter. To date the elderly NSSA pensioners are all ears hoping to hear something fruitful but the silence is alarming. Most NSSA pensioners are...

March 22, 2019
News, Slider,
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22Mar

UK. Up To Three Million Self-Employed Workers Turning Their Backs On Pension Pots

Data from accountancy practice Nixon Williams shines a light on the vast numbers of contractors and freelancers snubbing personal pension schemes Study finds the number opting to avoid pension scheme payments has risen 12 per cent in a single year, as the Taylor Review sparks calls for a new auto-enrolment option for self-employed workers. Almost two-thirds (64 per cent) of self-employed people in the UK are avoiding paying money into a personal pension scheme to save for their retirement,...

March 22, 2019
News, Slider,
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21Mar

Perú. Asociación de AFP afirma que creación de AFP estatal no amenaza a las privadas

La presidenta de la Asociación de AFP, Giovanna Prialé, enfatizó que una AFP pública deberá contar con todos los criterios de seguridad para proteger el dinero del aportante La presidenta de la Asociación de Administradoras de Fondos de Pensiones (AFP), Giovanna Prialé, señaló este miércoles que la creación de una AFP pública no representa una amenaza para las AFP privadas. "De ninguna manera es una amenaza que la ONP se convierta en una AFP pública porque aquí en el...

March 21, 2019
Noticias,
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21Mar

México. Jóvenes, los que más perdieron en su ahorro para el retiro

Durante el primer bimestre del año, la volatilidad en los mercados financieros afectó el ahorro pensionario de las personas que tienen 36 años de edad o menos, de acuerdo con información de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). En sus estadísticas, expone que la sociedad especializada en fondos para el retiro (siefore) básica 4, donde se encuentran las cuentas de los trabajadores más jóvenes, tuvo una reducción en su rendimiento de 5.6 puntos porcentuales,...

March 21, 2019
Noticias,
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