admin, Author at Pension Policy International

30OctOctober 30, 2018

UK. TPR bans pension trustees over high-risk investments

The Pensions Regulator (TPR) has banned two trustees of the London Quantum pension scheme for transferring funds into high-risk and suspected scam investments. Stephen Ward and Anthony Salih, directors of Dorrixo Alliance Limited, which acted as trustee for the London Quantum pension scheme were found to have put pension savers’ money into eucalyptus farms, hotel rooms on an African island and car park bays. TPR’s determinations panel has banned both men from acting as pension trustees due to their ‘lack of...

October 30, 2018

News, Slider2018, UK

30OctOctober 30, 2018

Bulgarian Pensions to Increase by 5.7% From 1 July 2019

Bulgarian government approved the bill on the state social security budget for 2019. According to it by 5 July the pensions granted by the end of 2018 will increase, announced the press center of the Council of Ministers. As of 1 July 2019, the minimum amount of the retirement pension will be raised to BGN 219.43. From the same date, the maximum amount of one or more pensions received will increase from BGN 910 to BGN 1,200. In 2019, BGN 9,988.2...

October 30, 2018

News, Slider2018, Bulgaria

30OctOctober 30, 2018

Chile’s Pinera presents pension reform plan in bid to boost payouts

Chilean President Sebastian Pinera presented a plan on Sunday to reform the country´s ailing pension system in an effort to boost payouts seen by many as insufficient in one of Latin America´s most stable economies. Pinera said in a televised evening address that he would ask employers to pick up the tab for an additional 4 percent contribution to each of their workers´ pension funds, to be phased in and managed by an administrator of the employee´s choosing. Read also Chile. Piñera...

October 30, 2018

News, Slider2018, Chile

29OctOctober 29, 2018

Argentina. El Gobierno se comprometió con el FMI a realizar una reforma previsional en 2019

El Gobierno nacional emprenderá el año próximo una reforma de los sistemas de jubilaciones y pensiones, según un compromiso asumido con el Fondo Monetario Internacional en una nueva carta de intención. El anterior intento de reforma previsional impulsado por Mauricio Macri, a fines de 2017, provocó una crisis social, alerta en la clase media y le valió al Gobierno la enemistad de sectores del sindicalismo. “En el próximo año, continuaremos trabajando conjuntamente con el personal del FMI y los actores domésticos...

October 29, 2018

Noticias2018, Argentina

29OctOctober 29, 2018

Chile. Senador Lagos Weber: Hay un fuerte cuestionamiento a las AFP en reforma a las pensiones

El parlamentario del PPD valoró la iniciativa pero consideró que el cuatro por ciento adicional de cotización "puede ser insuficiente". El senador y presidente del PS, Álvaro Elizalde, también consideró insuficiente lo planteado en torno a las AFP. El senador del PPD, Ricardo Lagos Weber, comentó la reforma a las pensiones presentada este domingo por el Presidente Sebastián Piñera asegurando que hubo un fuerte cuestionamiento a las AFP, luego que el Mandatario abriera la puerta a otras instituciones para administrar el...

October 29, 2018

Noticias2018, Chile

29OctOctober 29, 2018

Colombia. Fuerte cobertura de Colpensiones en el Huila

En el marco de la firma de un convenio y alianza estratégica para protección de la vejez, Adriana Guzmán Rodríguez, presidente de Colpensiones, habló con Diario del Huila e hizo una clara radiografía sobre la presencia de la entidad a nivel departamental. Destacó algunas cifras, como por ejemplo, que en el Huila hay 43.531 afiliados activos y 14.218 personas pensionadas vinculadas a la entidad. Como un departamento clave para el sector de fondos de pensiones, calificó la fuerte presencia de...

October 29, 2018

Noticias2018, Colombia

29OctOctober 29, 2018

República Dominicana. Reitera afiliados a la AFP tienen derecho a una Pensión de Sobrevivencia

Las personas que están afiliadas activas en una Administradora de Fondos de Pensiones (AFP) y fallecen, sus dependientes directo, esposo/a o compañero de vida, los hijos hasta los 18 años si no son estudiantes y hasta los 21 si lo son, y los hijos con discapacidad sin importar la edad, tienen derecho a una Pensión de Sobrevivencia. Así lo informó la titular de la Dirección de Información y Defensa de los Afiliados a la Seguridad Social (DIDA), Nélsida Marmolejos, en...

October 29, 2018

Noticias2018, República Dominicana

29OctOctober 29, 2018

Bolsonaro will focus on Brazil pension reform, bilateral trade: Guedes

Brazilian president-elect Jair Bolsonaro’s top economic advisor and proposed economy minister, Paulo Guedes, said on Sunday that reforming the country’s costly pension system would be a top priority for his government. Guedes, speaking shortly after Bolsonaro’s commanding win, said that Latin America’s biggest economy would seek bilateral trade deals, criticizing the restrictions of South America’s Mercosur trade bloc. He said a proposed tax overhaul would generate some 10 million jobs by cutting payroll taxes. Read more Reuters

October 29, 2018

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29OctOctober 29, 2018

UK. Budget 2018: Dutch-style pensions revolution could see thousands of workers pool retirement pots

Tens of thousands of workers will be able to pool their retirement pots under a pensions revolution expected to be outlined in the Budget. Philip Hammond is expected to announce a consultation on Dutch-style pension schemes - known as "peoples' pensions" - which will thousands of members pay into a single pot. The approach is seen as a "middle way" between gold-plated final salary schemes, which guarantee income in retirement but can leave companies with huge deficits, and defined contribution schemes...

October 29, 2018

News, Slider2018, UK

29OctOctober 29, 2018

10 Climate change actions for pension fund managers

The International Centre for Pension Management (ICPM) has put out a paper on climate change and on the difference it makes for investments. The issue of climate change has, in recent years, gone from “being considered a niche issue to one of potentially major financial consequences for all investors,” one that has already impacted and will increasing impact “companies, investment portfolios, and capital markets.” There are three particular issues that asset owners, including pension funds, must face: climate change is driving...

October 29, 2018

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October 2018