January 2019

15Jan

Shell and pension fund PGGM to bid for last Dutch public energy firm

Oil giant Shell and Dutch health service pension fund PGGM are working on a joint bid for energy provider Eneco, the AD said on Monday afternoon. Both companies have pledged to retain Eneco’s green reputation and to broaden its operations in Europe. Eneco, the last Dutch energy firm in public hands, is due to sold via a controlled auction later this year. ‘Our expertise and our financial weight will allow us to expand the company’s position in both...

January 15, 2019
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14Jan

Perú. Presentan proyecto de Ley para reestablecer la Jubilación Anticipada

Cabe recordar que dicho beneficio, para los cientos de afiliados a un Sistema Privado de Pensiones, no pudo extender su vigencia tras ser observada por el Ejecutivo. Ha pasado casi un mes desde que el Ministerio de Economía y Finanzas (MEF) observara la ley que prorrogaba la vigencia del Régimen especial de Jubilación Anticipada (REJA) hasta el año 2021, con el cual quedó desactivado dicho beneficio para cientos de afiliados a un Sistema Privado de Pensiones. Es así que,...

January 14, 2019
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14Jan

Ecuador. IESS usará otra vez ahorros para cubrir hueco en pensiones

Para el 2019, los ingresos del Instituto Ecuatoriano de Seguridad Social (IESS) no alcanzarán para cubrir el pago de pensiones, auxilio por funeral, montepío, inversiones y otros gastos fundamentales destinados a sus pensionistas. Esto obligará a la entidad a recurrir por quinto año consecutivo a una desinversión de sus ahorros, esta vez por USD 414 millones, según su presupuesto del 2019, aprobado a mediados de diciembre y al que accedió este Diario. La brecha se registra pese a que...

January 14, 2019
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14Jan

México. Sura libraría minusvalías del 2018; mantiene altos rendimientos: Solórzano

De acuerdo con información de la Consar, en octubre del 2018, las afores registraron minusvalías de 131,833 millones de pesos. La administradora de fondos para el retiro (afore) Sura libró las minusvalías que se generaron en el sector durante el 2018, por lo que mantiene rendimientos altos para los más de 7.6 millones de trabajadores que se encuentran en esta afore, indicó Enrique Solórzano, CEO de Sura Asset Management México. “A Sura le fue bien, anticipamos estos movimientos que...

January 14, 2019
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14Jan

Is it time for the Government to get more involved in protecting retirement savings of workers?

However the superannuation industry wants to gloss over it, the Productivity Commission's inquiry into the sector is a damning indictment. A $3.8 billion-a-year indictment.That's how much Australians are missing out on because of a superannuation industry that appears to be more interested in its own wellbeing, rather than the retirements of the Australian workers it's meant to be providing for.Former federal treasurer, now Future Fund chairman, Peter Costello nailed the industry's self-interest in a speech in Sydney a few...

January 14, 2019
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14Jan

These Ukrainians have a pension awaiting. But they literally must cross a minefield to get it.

Ukraine — Antonina and Leonid know where to find their state pension money: an office just about a mile down the road. The problem is it is on the other side of the front lines of eastern Ukraine’s nearly five-year-old war. The couple’s home falls within the breakaway territories controlled by rebels loyal to Moscow. The Ukrainian bureaucrats handling pensions and other affairs are across the line in areas run by Kiev’s pro-Western government. So Antonina and Leonid join...

January 14, 2019
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14Jan

The Pension Fund Problem Just Got Much Worse

A simple extrapolation of the recent trend lines suggest a crisis around 2023, as assets are wiped out even if returns rebound. The 14 percent drop in the S&P 500 Index last quarter has big implications for state and local pension funds, which probably saw the value of their assets fall by about 7 percent. Investors with the benefit of a long-term horizon have the ability to ignore market dips, and pension funds are among the longest-term investors, but...

January 14, 2019
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14Jan

Investment Strategies for Retirement

By Franck NicolasThe issue of pension financing is evolving everywhere, becoming more of a corporate or individual matter rather than a state one. Demographic changes are making sharing mechanisms hard to control, and social deficits often lead governments to pull back from their obligations. This raises many questions for the individual: Read Complete Book Here

January 14, 2019
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14Jan

The Vulnerability of Older Australians in Bankruptcy: Insights from an Empirical Study

By Lev Bromberg (The University of Melbourne), Ian Ramsay (Melbourne Law School - University of Melbourne), Paul Ali (University of Melbourne - Law School; Centre for International Finance and Regulation)This article presents the results of the first empirical study focused on older Australians in bankruptcy. Our study — based on the examination of a large and unique dataset obtained by the authors from the bankruptcy regulator — provides a valuable insight into the severe financial challenges faced by many...

January 14, 2019
Aging, Articles, Labor Market, ,
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14Jan

The Impact of Brexit on Central and Eastern European Security

By Valentin Naumescu (Faculty of European Studies, Babeş-Bolyai University Cluj-Napoca), Agnes Nicolescu (European Institute of Romania) This article examines the impact of the Brexit process on security policy and related political discourse in Central and Eastern Europe. Developments related to the Brexit process are considered in its two-fold dimensions: direct impact, on the European Union, and indirect effect, on UK’s contribution to NATO. In this context, the article proposes a qualitative analysis of foreign policy and security national strategy...

January 14, 2019
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