February 2019

10Feb

Bridging Public Pension Funds and Infrastructure Development

By Clive Lipshitz (Tradewind Interstate Advisors) & Ingo Walter (New York University - Leonard N. Stern School of Business; New York University (NYU) - Department of Finance) Underfunding of U.S. public pensions is a chronic policy issue that has become more severe over time. Public pension obligations were estimated at $5.96 trillion at the end of 2017 supported by assets of $4.33 trillion — a shortfall of $1.63 trillion and a ‘funded-ratio’ of 72.6%. We consider the sustainability of public...

February 10, 2019
Articles, Investing, Sustainability, ,
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08Feb

México. Reforma al Sistema de Ahorro para el Retiro podría ser positiva, estima Fitch

Reducir costos, alinear el marco regulatorio, y culminar en mejores rendimientos y mayores tasas de reemplazo para los afiliados, entre los beneficios que ve la calificadora en la iniciativa de AMLO. La iniciativa presidencial de reforma al Sistema de Ahorro para el Retiro (SAR) “podría llevar a resultados positivos”, considera la calificadora Fitch Ratings. Entre los beneficios se encuentra: “reducir costos, alinear el marco regulatorio, y culminar en mejores rendimientos y mayores tasas de reemplazo para los afiliados”, destaca...

February 8, 2019
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08Feb

Bolivia. AFP pueden invertir 50% de aportes en el exterior

Según la Ley Nº 065, pueden mover hasta $us 8.000 millones en el extranjero. Fondos del SIP llegan a $us 17.394 millones El Viceministerio de Pensiones informó de que las Administradoras de Fondos de Pensiones (AFP) pueden invertir, de acuerdo a ley, hasta un 50% de los fondos del Sistema Integral de Pensiones (SIP) en el exterior. “Las AFP pueden, desde la vigencia de la Ley N° 065, realizar inversiones en el extranjero hasta $us 8.000 millones, aproximadamente”, detalla...

February 8, 2019
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08Feb

Work in Europe If You Want Your Pension to Grow While Doing Good

The continent has some $12 trillion committed to sustainable investing, more than anywhere else. These days, European asset managers’ websites all seem to have a section devoted to ESG, providing their take on a range of environmental, social, and governance topics including green energy and women on boards. Every mutual fund company has an ESG product, and every investment bank is rolling out ESG research. Europe is the place to be if you want to do good while becoming...

February 8, 2019
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08Feb

Cyprus to set up a single insurance and pensions supervisory authority

Cyprus will set up a new single independent insurance and pensions fund supervisory authority joining the separate authorities currently supervising the sectors, Finance Minister Harris Georgiades announced on Thursday. The announcement was made during a joint press conference with the President of European Insurance and Occupational Pensions (EIOPA) Authority Gabriel Bernardino, who backed the government’s proposal. “I am really encouraged of the announcement the Minister made today, I strongly supported it,” Bernandino said, adding that the proposal is clearly...

February 8, 2019
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08Feb

America’s public pension plans make over-optimistic return assumptions

Promising a pension is a long-term and expensive business, especially if the payout is linked to earnings. But whether the employer is private or public, the cost ought to be the same in the long run and so, you might assume, would be the investment approach. Until 2008 that was true for American pension plans: private and public-sector schemes had roughly the same asset allocation. But a new report by Jean-Pierre Aubry and Caroline Crawford of the Centre for...

February 8, 2019
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08Feb

Credit Suisse AM claims success with blockchain test

Credit Suisse Asset Management (CSAM) and Banco Best, a Portugal-based bank, have used blockchain technology to process an end-to-end fund transaction and said “considerable benefits” would come from the technology. The firms – who are the latest in the funds industry to experiment with blockchain – said the transaction captured each component of the trade lifecycle from order delivery to trade settlement. The trade was processed on FundsDLT, the Luxembourg-based blockchain initiative that is a collaboration between Fundsquare, a...

February 8, 2019
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08Feb

Is Your Retirement Plan 21st Century Ready?

Most people still have a 20th century vision of retirement in their heads: an idyllic 20-plus-year vacation spent traveling, pursuing hobbies, and hanging out with grandchildren. As compelling as that vision might seem, there are game-changing challenges to the retirement of the 21st century. Consider these trends: Life expectancies from birth increased by more than 30 years during the 20th century, resulting in millions of retirees living well into their 80s and 90s. This is one of humankind’s greatest...

February 8, 2019
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07Feb

México. El ‘impulso’ del Sistema de Ahorro para el Retiro coloca líder a Afore Azteca

La Afore Azteca detuvo la fuga de cuentas que sufría hace una década. Ahora es la administradora que más cuentas consigue retener. Al cierre de 2018, la empresa de Grupo Elektra obtuvo 368,657 cuentas en el neto de los traspasos (las cuentas recibidas menos las cedidas), de un total de 2.43 millones de cuentas, de acuerdo con cifras de la Comisión Nacional del Sistema para el Ahorro del Retiro (Consar). Tan sólo dos de las 10 Afores cerraron el...

February 7, 2019
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07Feb

Perú. Exigen que afiliados paguen comisiones a AFP solo cuando se generen ganancias

El balance del 2018 resultó ser positivo para las Administradoras de Fondos de Pensiones (AFP), pero negativo para los afiliados. Millones de soles aparte, el tema central de la discusión gira en torno al sistema de cobro de comisión. Por ello, desde el Congreso surgieron distintas voces que exigen discutir una serie de proyectos de ley que proponen modificar la forma en que los afiliados pagan comisiones a las administradoras de sus aportes. El último fue presentado por el...

February 7, 2019
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