March 2019

05Mar

Kenya’s pension firm enters Uganda’s market

A new pension administrator, Enwealth Financial Services, has entered Uganda’s pension market upon securing an operation license from the regulator, Uganda Retirement Benefits Regulatory Authority (URBRA). The firm that joins nine other pension administrators in the country plans to offer pension retirement services, training and consultancy services. Founded in 2011 in Kenya, it currently manages pension assets worth over Shs2trillion for 120 clients in 12 countries within Africa. Nelson Kuria, the company’s chairman Board of Directors said at the...

March 5, 2019
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04Mar

La mitad de las mujeres españolas cree que no tendrá una buena jubilación

El 48% de las mujeres españolas se muestra pesimista frente a su jubilación. Es la principal conclusión que se extrae de del Estudio Anual de Preparación para la jubilación de Aegon realizado en 15 países. Frente al 37% de media global, el 26% de las españolas afirma que sí ahorra de forma habitual para su jubilación, mientras que un 9% admite que no hace nada ni lo hará encaminado a ese objetivo. Las mujeres españolas son bastante más pesimistas...

March 4, 2019
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04Mar

El Salvador. Partidos abiertos a revisar cobro de comisión de AFP

Los partidos Alianza Republicana Nacionalista (Arena), Gran Alianza por la Unidad Nacional (Gana) y Partido de Concertación Nacional (PCN) creen que es posible revisar y reducir el porcentaje que cobran las Administradoras de Fondos para Pensiones (AFP) por la administración de la cuenta y el cobro del seguro de invalidez como una opción para aumentar los ahorros de los cotizantes. La última reforma a la Ley del Sistema de Ahorro para Pensiones, aprobada el 28 de septiembre de 2017,...

March 4, 2019
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04Mar

México. Resisten grandes Afores bajar comisiones

Banorte, Citibanamex y SURA son las Administradoras de Fondos de Retiro (Afores) que menos han bajado su comisión en los últimos cinco años, pese a que son las más grandes, según el Informe al cuarto trimestre del 2018 que la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar) entregó al Congreso. Leer más @Reforma

March 4, 2019
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04Mar

How sustainable income levels can protect portfolio strength

Taking a sustainable level of income is important in helping drawdown customers maintain a resilient portfolio during periods of investment volatility. Customers in income drawdown should think about the impact of volatility on their pension. While someone building up a pension can mitigate the effect of market falls by continuing to make contributions to their pension, those in income drawdown are not only not making contributions, they are actively drawing down their fund so it has less chance to...

March 4, 2019
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04Mar

Time to grow up over issue of ageing and the workplace

It is a long time since an Irish Taoiseach - Charlie Haughey – was able to boast about the country’s youthful population, about the fact that half of us were aged under 25. Back in the 1980s, we were young and poor, by European standards. The problem was a lack of jobs for our growing population. Since then, we have grown middle-aged. As family sizes have fallen, we have enjoyed what economists refer to as a "demographic dividend" as...

March 4, 2019
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04Mar

China’s social endowment insurance covers over 523 mln people

China's social endowment insurance for rural and urban residents has covered over 523 million people by the end of 2018, according to the Ministry of Human Resources and Social Security (MOHRSS). Over 49 million people in poverty have benefited from the insurance program directly, MOHRSS data showed. The unemployment insurance premium has allocated 1.82 billion yuan (about 272 million U.S. dollars) of living subsidies to 402,000 migrant workers who had lost their jobs, the ministry said. The social endowment...

March 4, 2019
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04Mar

Ireland. Public sector ‘benefits the most’ from tax reliefs on pensions

Public servants are the biggest beneficiaries of the tax reliefs on pension contributions, a new report has found. This means that any move to reduce the tax reliefs will hit Government workers hard, prompting them to seek higher pay. The paper, by leading pensions actuaries Tony Gilhawley and Roma Burke, found that the State's contribution to the pension of an average public servant recruited before 2013 is 29pc of their salary, rising to 53pc for gardaí. Private sector workers...

March 4, 2019
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04Mar

The silver lining of an aging population

Economists often warn that an abundance of elders will be problematic for the economy. But new research shows that such a demographic shift could be a good thing. An aging populace, we’ve been told by policymakers, economists, and the media, poses one of the most vexing global economic challenges, and the repercussions of dwindling work populations are often portrayed as an impending crisis. But according to the authors of a new study, who reviewed the most recent literature on...

March 4, 2019
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03Mar

Staying Put: Adapting the Places Instead of the People

By Susan Lanspery &‎ Joan Hyde Most existing housing offers a poor fit for older people and people with disabilities, and new construction adds less than 2 per cent to the housing each year. Ninety-nine percent of the housing that will be in use in the year 2000 exists today. The long-needed anthology "Staying Put: Adapting the Places Instead of the People" emphasizes the disabilities and abilities of environments instead of individuals. With contributions from leading authorities, it integrates a...

March 3, 2019
Aging, Books, Labor Market,
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