October 2018

México. Próximo gobierno espera obtener recursos adicionales a 1.92% del PIB

De acuerdo con el integrante del equipo de transición, Abel Hibert Sánchez, de este monto prevén destinar 189,970 mdp a pensiones, costo financiero, así como participaciones federales. El próximo gobierno espera obtener recursos adiciones por 474,758 millones de pesos (mdp) para el presupuesto 2019, equivalentes a 1.92% del PIB, producto del aumento en los ingresos públicos y la disminución del gasto corriente. De acuerdo con el integrante del equipo de transición de Andrés Manuel López Obrador, Abel Hibert Sánchez, de este...

Perú. AFP: uno de cada tres afiliados ha sido estafado por su empleador

Dentro del sector público y privado, afirma presidenta de la Asociación del sector La presidenta de la Asociación de AFP (AAFP), Giovanna Prialé, sostuvo hoy que un tercio de los afiliados a una AFP ha sido estafado por su empleador en algún momento. “De un universo de 6 millones 400,000 personas aproximadamente, tenemos que 2 millones 200,000 afiliados en algún momento de su vida se les retuvo el dinero y nunca se les depositó en su cuenta de capitalización individual”, manifestó...

Perú. Beneficiarios de afiliados a una AFP podrían retirar fondos para comprar una vivienda

De acuerdo a un dictamen aprobado por la Comisión de Economía del Congreso, los beneficiarios de pensionistas de una AFP que hayan fallecido podrían disponer del 25% del fondo acumulado Los beneficiarios de pensionistas de una AFP que hayan fallecido podrían disponer del 25% del fondo acumulado para comprar una vivienda, de acuerdo a un dictamen aprobado por la Comisión de Economía del Congreso. Con ello, se busca modificar la Ley del Sistema Privado de Pensiones (SPP) con la finalidad de...

US. California Public Employees Vote Against Pension-Fund Activism

The California Public Employees’ Retirement System this month said no thank you to pension-fund activism. Government workers unseated Priya Mathur, the sitting Calpers president. She was defeated by Jason Perez, a police-union official who criticized Ms. Mathur’s focus on environmental, social and governance investing, or ESG. Mr. Perez emphasizes the agency’s fiduciary duty to maximize investor returns. Calpers represents almost two million California public employees, retirees and families. Yet it mostly makes headlines for its activism, such as divestiture from...

Canada. ‘Some baloney’ in assertion Canada’s pension fund has highest ethical standards

OTTAWA -- "We expect the CPPIB, like other Crown corporations, to live up to the highest standards of ethics and behaviour and that is, in fact, exactly what it is doing." -- Finance Minister Bill Morneau during question period Monday in the House of Commons. The New Democrats challenged Morneau this week to weigh in on new ethical questions surrounding the investment portfolio of the arms-length Canada Pension Plan Investment Board -- which manages hundreds of billions of dollars worth...

South Africa. Pensions of more than 80‚000 security guards at risk

The Private Security Sector Provident Fund (PSSPF) is fighting 315 court battles against employers who are failing to comply with rules‚ putting the pensions of more than 80‚000 security guards at risk. The fund has more than 242‚600 registered members‚ of whom over 2‚500 are not complying with the rules. As a last resort‚ these companies are handed over to the fund’s attorneys who either resolve the matter by agreement or through litigation. The fund says non-compliance by employers is...

US. Loans could drain U.S. retirement plans by $2.5 trillion

CHICAGO (Reuters) - Americans could dig a $2.5 trillion hole in the country’s retirement system as they fail to pay back loans taken from workplace retirement plans over the next 10 years, according to a new study from Deloitte Consulting. The problem is called “leakage” - borrowing from a 401(k) plan without repaying the money or paying it back so slowly that it disrupts growth. About 40 percent of people borrow from workplace plans. Most repay their loans within five years...

Perú. AFP: Jubilación anticipada a los 50 años dejará sin protección a más de un millón de peruanos

Gremio de AFP sostiene que se desvirtúa el sistema de jubilación, porque permite la jubilación de las personas a los 50 años, tanto para hombres como para las mujeres que estén desempleados 12 meses en un lapso de cinco años. La Asociación de Administradoras de Fondos de Pensiones (AFP) advirtió del grave peligro que representa para los afiliados del sistema privado de pensiones la ampliación del Régimen de Jubilación Anticipada (REJA), tal como lo establece el proyecto de ley 142,...

South Africa’s Ramaphosa orders inquiry at $142 billion state pension fund

South Africa’s President Cyril Ramaphosa on Wednesday appointed a judicial inquiry into the 2 trillion rand ($142 billion) state pension fund, a government gazette said, following corruption allegations. The PIC is Africa’s biggest pension fund and the biggest investor in South Africa’s economy holding a large volume of bonds issued by government and state-owned firms. The gazette notice said it will investigate “persistent and continued negative reports about alleged improprieties regarding investments” by the Public Investment Corporation (PIC), which manages assets...

UK sitting on £20bn of unclaimed pension pots

Some 1.6 million lost pension pots worth nearly £20bn remain unclaimed, with people often losing track of their savings due to job changes or moving house, the Association of British Insurers (ABI) says, reffering to the figures as “jaw-dropping”. Research by the Pensions Policy Institute (PPI) on behalf of the ABI revealed 800,000 lost pensions worth an estimated £9.7bn. If scaled up to the whole market, it estimates there are collectively around 1.6 million pots worth £19.4bn unclaimed – the equivalent...