November 2018

México. Afore Sura garantiza a usuarios rendimientos de largo plazo

La Administradora de Fondos para el Retiro (Afore) Sura, informó a sus siete millones de clientes que los últimos episodios de volatilidad han sido por situaciones coyunturales que podrían ocasionar minusvalías, pero los rendimientos de largo plazo de las Afores han sido muy positivos. A raíz de los acontecimientos nacionales e internacionales, “hemos adoptado una postura más defensiva en nuestros portafolios, invirtiendo en activos que se adecuan mejor a entornos adversos”, aseguró. Sobre los efectos de la cancelación del proyecto del...

Panamá. Zozobra en la CSS fortalece afiliación a pensión privada

Los fondos de pensiones ofrecen al ciudadano una forma de invertir dinero a largo plazo, como complemento a la CSS y el Siacap. En medio de la zozobra sobre qué sucederá en el futuro con las pensiones de la Caja de Seguro Social (CSS), las jubilaciones privadas están ganando terreno entre los jóvenes, lo que se puede evidenciar en el aumento de las afiliaciones. De acuerdo con la Superintendencia del Mercado de Valores (SMV), el número de afiliados a septiembre pasado...

China. Equity group to improve pension investment environment

China Jianyin Investment Ltd, or JIC, an investment group focused on equity, will develop pension finance and pension service systems, aiming to improve the environment of the pension investment industry according to the company's top management. "With people's growing reliance on the third pillar of the pension system, individual pension investment will become a crucial process for personal wealth management," said Zhou Xiangyong, managing director of Guotai Asset Management, a key member of JIC. "As a result, the company will...

Mexico tightens pay cap, eliminates presidential pensions

Mexico has tightened laws dictating that public servants can't earn more than the president and eliminated so-called golden parachutes for elected officials. Lawmakers decreed via the official gazette Monday that there will be some exceptions for salaries of employees with high levels of specialization and technical expertise, but even those salaries will be capped at 50 percent more than the president's salary. President-elect Andres Manuel Lopez Obrador takes office Dec. 1 and has said he will pay himself 108,000 pesos ($5,400)...

UK. Quarter of over-55s unaware that pension savings can be taxed

One in four people approaching retirement in the UK are unaware that they have to pay tax on pension savings if they take more than 25% out as cash, a survey has found. It was also found that one in five over-55s would be “shocked” if they were forced to pay tax on their pension savings. Of those that believe they can get some or all of their pension pot tax-free, more than a third think they won’t pay any tax...

France. Aviva creates a first pension fund “à la française”

A first supplementary occupational pension fund (FRPS) has just been created in France. Aviva France has obtained the approval of the French Prudential Supervisory Authority (ACPR) to create a FRPS. According to a decision published on Tuesday in the "Official Journal", the insurer will be able to transfer into this new entity called "Aviva Retirement Professional" pension portfolios. Sometimes presented in a rather swift way like "pension funds à la française", the FRPS - wanted by Emmanuel Macron when he...

México. Demandan jubilados al ISSSTE pago completo de aportaciones al SAR y al FOVISSSTE

Más de ocho mil trabajadores jubilados que laboraron en diversas dependencias federales, de 13 entidades federativas como de las Secretaría de Educación de Salud, Conagua o Correos, demandan el pago que les corresponde por concepto de lo que ahorraron durante 30 años mediante aportaciones al Sistema de Ahorro para el Retiro (SAR) y al Fondo de Vivienda del ISSSTE, recursos que no se les han entregado bajo el argumento de que no existen los registros correspondientes. Julio César Vega Vásquez, representante...

Chile. Maite Orsini: La reforma previsional permite que las AFP lucren aún más

La diputada de Revolución Democrática Maite Orsini, integrante de la Comisión de Trabajo y Previsión Social de la Cámara Baja, afirmó que la reforma al sistema de pensiones anunciada por el Gobierno no representa un cambio real y sólo "consolida" a las Administradoras de Fondos de Pensiones (AFP). El pasado domingo el Presidente Sebastián Piñera dio a conocer los principales lineamientos de la reforma, que incluye aumentar la cotización de 10 a 14 por ciento -con cargo al empleador- y...

UK. Third of pension schemes in surplus but have not agreed long-term targets

According to a new study, 37% of pension schemes are currently enjoying a funding surplus. At the same time, however, a similar number are yet to agree on a long-term target for their funds, suggesting they could be doing more to capitalise on their current momentum. In recent years challenging market conditions and an ageing population have seen some schemes run increasingly large deficits. However, in 2018, reporting into the segment has found that most pension schemes are relatively well-positioned...

Bangladesh. Govt launches national social security strategy action plan

The Cabinet Division of the government with support from the United Nations Development Programme (UNDP) and Australian Aid, launched the National Social Security Strategy (NSSS) Action Plan on Sunday. The action plan was launched at the national conference on Social Security Programme held at Bangabandhu International Conference Centre (BICC). The launching event was followed by a three-day a Social Security fair on social protection where recent issues and achievements of different social protection implementing agencies of the government and NGOs are...