January 2019

Perú. SBS: Se podrán realizar aportes a AFP mediante consumo de bienes

Dichos aportes serán generados sobre la base de descuentos o promociones que el establecimiento comercial le brinde al contribuyente por consumir bienes o servicios, según el reglamento publicado. La Superintendencia de Banca, Seguros y AFP (SBS) publicó el marco normativo para que los afiliados que han dejado de aportar a su fondo de pensiones puedan hacer aportes voluntarios sin fin previsional en su respectiva cuenta de capitalización, mediante retenciones en el consumo de bienes en empresas asociadas con las...

Australia. Investors blindsided by tax from super withdrawals

Australians running their own superannuation funds are being hit with surprise taxes due to a lack of understanding regarding what meeting a full condition of release means, a technical expert has warned. SuperConcepts non-executive director Stuart Forsyth explained that he is coming across a number of SMSF trustees who have decided to pull money out of their super fund and pay it back without realising that the commissioner might consider that to be assessable income. What often happens in these situations, he...

Chile. AFP Capital tras histórica multa a Provida: “Condenamos las malas prácticas comerciales”

“Condenamos las malas prácticas comerciales. Nosotros como AFP venimos trabajando hace tres años, donde modificamos los incentivos hacia las fuerzas de venta, fortaleciendo más que la atracción de clientes, la permanencia de los clientes”. Así se refirió este mañana el gerente general de AFP Capital, Jaime Munita, a la histórica multa que cursó la Superintendencia de Pensiones a AFP Provida por malas prácticas de sus agentes de venta. “Nosotros no tenemos ninguna investigación abierta en ese aspecto, la Superintendencia...

Social Security Reforms and the Changing Retirement Behavior in Sweden

By Marten Palme (Stockholm University - Department of Economics; IZA Institute of Labor Economics), Lisa Laun (IFAU - Institute for Labour Market Policy Evaluation)We show how the economic incentives to remain in the labor force induced by Sweden’s public old-age pension system and disability insurance program have changed between 1980 and 2015. Based on earnings histories for different hypothetical individuals corresponding to groups by gender and educational attainments we calculate the following measures: the replacement rate (RR), the social...

México. Rendimiento y comisiones, claves al elegir afore: Condusef

Rendimiento, servicios y comisiones son algunos de los elementos a considerar en el momento de elegir una administradora de fondo para el retiro (afore) y no ir a ciegas cuando se acaba de entrar al mundo laboral.Rendimiento, servicios y comisiones son algunos de los elementos a considerar en el momento de elegir una administradora de fondo para el retiro (afore) y no ir a ciegas cuando se acaba de entrar al mundo laboral.La Comisión Nacional para la Protección y...

Volatile Wall Street sparks concern over public pensions, taxes

Some fear that unless the market settles, local governments and schools could face increases in employer contributions to offset pension losses, which could increase pressure to raise taxes. The last time the stock market was roiled by the volatility that it has been experiencing recently was the beginning of the 2008 recession, which left the massive state pension system bruised and turning to local property taxes to make up for losses. Some experts fear that unless the current stock...

China aprueba 14 nuevos fondos de pensión para población envejecida

China ha aprobado el tercer lote de 14 fondos de pensión para grupos específicos, con lo que los fondos de este tipo podrán jugar un papel más importante en la satisfacción de las necesidades que suponen los planes de jubilación de la creciente población de adultos mayores del país.E-Fund Management, una compañía de gestión de activos con sede en la ciudad de Guangzhou, ha sido autorizada a emitir dos más de tales fondos, mientras que otras 13 firmas similares,...

China approves 14 new pension target funds

China has approved the country's third group of pension target funds, allowing 14 more such funds to play a bigger role in meeting the retirement planning needs of an aging population. E-Fund Management, an asset management company based in Guangzhou, obtained approvals for issuing two more such funds while 13 other fund management firms including China Southern Asset Management and China Asset Management were authorized to issue one more each, according to the China Securities Regulatory Commission. The new...

5 Ways to Save More for Retirement in 2019

The start of a new year is a great time to make some resolutions that could change your personal financial picture for the better. One such pledge is to sock away more money for retirement in the coming year -- an especially crucial move for folks who are currently behind on savings. Here are five ways to make that happen. 1. Bank your raise If you were lucky enough to snag a raise this year, you have a great...