February 2019

12Feb

United Kingdom: PS pension study postponed

A decision by the UK Government to delay part of its work on the valuation of Public Service pensions has sparked an angry response from unions. Critics of the move say it is simply a stalling measure to deny improvements to members’ benefits. Chief Secretary to the Treasury, Liz Truss (pictured) told Parliament that a December judgement from the Court of Appeal on “transactional protection” offered to some scheme members could have a £4 billion (A$7.1 billion) a year...

February 12, 2019
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11Feb

México. Revelan ciberataque a la Afore Invercap

Un software malintencionado (ransomware) amenazó a siete equipos de la sucursal en San Juan del Río, Querétaro, de Afore Invercap, pero se contuvo y no puso en riesgo las cuentas individuales y los recursos que administra, garantizaron la administradora y la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). Este fue el primer ciberataque del año y de la administración de Andrés Manuel López Obrador. “El jueves 7 de febrero recibimos un intento de ataque cibernético en...

February 11, 2019
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11Feb

Perú. Plantean permitir que otros actores compitan con AFP

Los fondos de pensiones de los afiliados al Sistema Privado de Pensiones (SPP) deben ser administrados por las AFP, pero también por otras empresas, como las de seguros, cajas municipales, cooperativas, entre otras, señaló el economista Jorge González Izquierdo. Ello, según dijo a Correo, hará que la competencia sea más efectiva y los afiliados tengan mejores resultados. Fue al referirse a la disminución del fondo de pensiones en el 2018. “Las AFP administran los fondos de pensiones, y por...

February 11, 2019
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11Feb

UK. Seven years in jail for bosses who recklessly risk pensions

Devil-may-care directors who recklessly put workers’ pensions at risk will face up to 7 years in prison or unlimited fines. A new criminal offence of ‘wilful or reckless behaviour’ in relation to pensions will be introduced under the proposals to crack down on abuse of final or average salary schemes. Secretary of State for Work and Pensions Amber Rudd, said: The vast majority of bosses take their responsibilities seriously and look after their workers’ retirement funds. However, for too...

February 11, 2019
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11Feb

South Africa. DA to fight ANC’s attempt to nationalise private pensions

Cape Town - The Democratic Alliance (DA) on Sunday accused the African National Congress (ANC) government of resorting to exactly the same "desperate tactics" used by the apartheid regime when they could not raise capital in the international markets. "Reports indicate that the African National Congress is still intent on gunning for South Africans’ hard-earned pensions and retirement funds by imposing prescribed assets," DA spokesman Alf Lees said. ANC treasurer general Paul Mashatile was quoted on Sunday as having...

February 11, 2019
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10Feb

Hustle and Gig: Struggling and Surviving in the Sharing Economy

By Alexandrea J. Ravenelle Choose your hours, choose your work, be your own boss, control your own income. Welcome to the sharing economy, a nebulous collection of online platforms and apps that promise to transcend capitalism. Supporters argue that the gig economy will reverse economic inequality, enhance worker rights, and bring entrepreneurship to the masses. But does it?In Hustle and Gig, Alexandrea J. Ravenelle shares the personal stories of nearly eighty predominantly millennial workers from Airbnb, Uber, TaskRabbit, and Kitchensurfing. Their...

February 10, 2019
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10Feb

Globalisation,Human Security and Social Inclusion

By Olivia Joseph Aluko The groundwork for this volume was laid during a presentation I gave titled ‘Migration as a security threat’ at the 4th Diaspora International Conference organised by the World Association of Sustainable development (WASD) in the UK. Thus, this work is a contribution to a large body of literature on migration studies throughout the whole world. The process of writing this book has come at a time when a spotlight has been placed on immigration as a growing...

February 10, 2019
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10Feb

Assessing Economic Resources in Retirement: The Role of Irregular Withdrawals from Tax-Advantaged Retirement Accounts

By Michael D. Hurd (RAND Corporation; State University of New York at Stony Brook - College of Arts and Science - Department of Economics; National Bureau of Economic Research (NBER)) & Susann Rohwedder (RAND Corporation) Irregular withdrawals from IRAs and DC pensions are not included in standard measures of household income in the CPS or Health and Retirement Study. Yet, among retirees such withdrawals can supplement regular retirement income to finance consumption. It has been difficult to assess their importance,...

February 10, 2019
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10Feb

What Is Policy Space for Diaconal Institutions? Challenges from Pension Obligations

By Hans Morten Haugen (VID Specialized University) Norwegian non-profit institutions have provided health care and social services in accordance with contracts with various public authorities. These contracts had various specifications concerning pensions. The core message in the contracts was, however, that employees in non-profit institutions were required to be included in similar pension agreements as public employees. During the latter part of the 2000s, this was no longer an explicit requirement in new contracts, but neither the various public contractors,...

February 10, 2019
Articles, Management, Pension design, Pension Management,
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