October 2018

16Oct

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
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15Oct

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
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15Oct

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
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15Oct

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
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15Oct

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
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15Oct

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
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15Oct

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
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15Oct

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
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12Oct

The Experts’ War on Poverty: Social Research and the Welfare Agenda in Postwar America (American Institutions and Society)

By Romain D. Huret In the critically acclaimed La Fin de la Pauverté, Romain D. Huret identifies a network of experts who were dedicated to the post-World War II battle against poverty in the United States. John Angell’s translation of Huret’s work brings to light for an English-speaking audience this critical set of intellectuals working in federal government, academic institutions, and think tanks. Their efforts to create a policy bureaucracy to support federal socio-economic action spanned from the last days...

October 12, 2018
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12Oct

Responsible Investing: An Introduction to Environmental, Social, and Governance Investments

By Matthew W. Sherwood,‎ Julia Pollard This textbook provides the first holistic resource on Environmental, Social, and Governance (ESG) investing for undergraduate and graduate programs. It provides a thorough background and history of ESG investing, as well as cutting-edge industry developments, in a way that introduces the reader to the rapidly developing field of responsible investing. Read the complete book here

October 12, 2018
Books, Corporate Governance, Investing,
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