admin, Author at Pension Policy International

16OctOctober 16, 2018

US. Workplace Retirement Coverage Drops And The System Continues To Fail

Despite an aging workforce who are worried about retirement and despite $140 billion annual tax breaks, and despite relatively light regulation, retirement plan coverage at work (including defined benefit and 401(k)-type coverage) has declined over the last two decades. Just 40 percent of workers were covered by a retirement plan through their workplace in 2017 , 4 percentage points lower than in 2014. And retirement plan coverage has fallen in 14 out of 17 years since 2000. The lack...

October 16, 2018

News, Slider2018, US

16OctOctober 16, 2018

South Africa Loses QROPS Status For Expat Pensions

South Africa has dropped off the list of financial jurisdictions offering QROPS expat offshore pensions. The latest HM Revenue & Customs QROPS List published on October 15, 2018, confirms the removal of the last QROPS based in South Africa. The ABSA Group Pension Fund was the final South African QROPS. Neither ABSA or HMRC have commented about the removal. Generally, QROPS are delisted for three main reasons: HMRC is probing the administrative or tax status of the scheme The last member has drawn down on...

October 16, 2018

News, Slider2018, South Africa, UK

16OctOctober 16, 2018

Goldman Sachs Sees Stars Aligning for Pension PRT

Clients with defined benefit plans that are currently enjoying a bump in funded status may want to act soon to lock in those gains while market conditions remain favorable. According to Goldman Sachs Asset Management’s new white paper, “Stars Aligning for Corporate Plans to Take De-Risking Actions,” almost 25% of U.S. corporate defined benefit (DB) plans are now in a fully funded or over-funded position. As the paper’s title indicates, this means many plan sponsors are in a great position to...

October 16, 2018

News, Slider2018, US

15OctOctober 15, 2018

Chile. AFP marcan retorno de 324% en acciones globales desde el inicio de multifondos

La inversión que hacen los fondos de pensiones tiene una lógica de largo plazo, ¿pero cómo les ha ido desde la creación de los multifondos? Los retornos de la inversión de las AFP en renta variable global están por encima de los del índice de acciones globales MSCI All Country World Index (ACWI). De acuerdo con un análisis de Capital Advisors, entre noviembre de 2002 -año en que partieron los multifondos- y agosto de 2018, el retorno total del sistema...

October 15, 2018

Noticias2018, Chile

15OctOctober 15, 2018

Perú. SBS buscará atenuar posible alza en costo del seguro para afiliados a las AFP

Superintendencia emitirá norma especial esta semana. A fin de mes se realizará subasta que determinará el costo del seguro a pagar en los años 2019 y 2010. La Superintendencia de Banca, Seguros y AFP (SBS) emitirá esta semana una norma que volverá “gradual” la implementación de las nuevas tablas de mortalidad, las cuales entrarán en vigencia en el 2019. Las nuevas tablas de mortalidad elevarán la esperanza de vida de los afiliados a las AFP en más de tres años, por...

October 15, 2018

Noticias2018, Perú

15OctOctober 15, 2018

Chile. PAFE, la otra caja negra de las AFP

El dos de abril de 2018, una pensionada, reclamó del cálculo de su PAFE a la Superintendencia de Pensiones, por su mal cálculo de la PAFE El reclamo, originó una particular investigación que dio con la friolera de 6.280 casos de pensiones mal cursadas, respecto de esta sigla creada el año 2008, para procedencia del pago de pensiones solidarias. PAFE, algo que todo ciudadano normal debiera saber, sin embargo, es jerga de fondo difícil de digerir. Significa “Pensión Autofinanciada de referencia”,...

October 15, 2018

Noticias2018, Chile

15OctOctober 15, 2018

México. Pymes deben ser alternativa de inversión

Los grandes inversionistas sólo destinan recursos a empresas de mayor tamaño y altamente calificadas. Invertir en empresas de menor tamaño debe ser visto como una alternativa para diversificar los portafolios, aseguró Luis Sayeg, director general de afore Citibanamex. El diretivo sugirió que se pueden encontrar fórmulas sobre cómo hacerlo. A las afores “sí nos interesa invertir en medianas empresas porque entre más opciones haya para diversificar es mejor”, mencionó. De acuerdo con datos de la Bolsa Mexicana de Valores (BMV) únicamente se...

October 15, 2018

Noticias2018, Mexico

15OctOctober 15, 2018

Nigeria. Pension fund infrastructure investments rose by 600% in 20 months – Dahir-Umar

Hajia Aisha Dahir-Umar is the acting Director General of the National Pension Commission (PenCom). In this exclusive interview with Daily Trust, she says infrastructure investments through pension funds have grown by over 600 per cent, from N2.23 billion in January, 2017, to N16.07 billion as at August 31, 2018. What has been your experience running PenCom since assumed office as its acting Director General? Since assumption of duty as acting director general in April, 2017, we have remained focused on the...

October 15, 2018

News, Slider2018, Nigeria

15OctOctober 15, 2018

Companies With Newly Flush Pensions See Chance to Unload the Risk

Some firms with highly funded pension plans are transferring retiree obligations to insurers U.S. corporate pensions are at the highest funded level since the financial crisis, which could lead more companies to turn over to insurers the responsibility for paying retirees, pension consultants say. Higher funding levels mean corporate sponsors get a better deal when transferring retiree obligations to insurers, so many firms are finding this to be the perfect time to transfer the risks associated with carrying pension plans. Defined-benefit pension...

October 15, 2018

News, Slider2018, US

15OctOctober 15, 2018

October Rout Will Test Pensions’ Wall Street Crash Protection

Large pension funds are snapping up Wall Street protection against a market crash, but it isn’t clear the products will help limit losses in the current pullback. Worried their portfolios were too risky, public-pension managers in California, Hawaii and Rhode Island have shifted more than $25 billion over two years or so into “crisis-risk offset” strategies, while others are in the process of such moves. Typically, these tactics aim to limit investor losses by buying long-term Treasury bonds, whose price...

October 15, 2018

News, Slider2018, Kenya

October 2018