October 2018

12Oct

Kenya. Banks, pension schemes top finance sector sources for real estate funding

Funding options in Real Estate (Sh billion) Banks’ credit to the real estate grew by 30.82 percent in 2017 compared with 18.33 percent growth rate for pension funds. Bank loans and retirees’ savings remained the largest finance sector source of funds for property developers and homebuyers in 2017, fresh statistics show, amid declining average house sales and rent prices. Commercial banks increased their investment in real estate by Sh87.56 billion last year, the highest allocation in a single year despite the September...

October 12, 2018
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12Oct

Canada pension fund to lift China investment

CPPIB plans to increase funding across country as it eyes long-term market opportunities from growing middle-income group, aging population By 2025, Canada Pension Plan Investment Board plans to have 20 percent of its estimated C$800 billion ($612 billion) assets invested in the Chinese mainland, Hong Kong, Macao and Taiwan, said Mark Machin, president and CEO of CPPIB. "It's a sensible thing to increase our supply to this market. We are building expertise, and we think valuation is not perfect in this...

October 12, 2018
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11Oct

El envejecimiento se combate bailando, asegura la ciencia

Varias investigaciones demostraron los beneficios de la actividad física para combatir el deterioro cognitivo asociado a la edad, pero ahora se supo que es preferible bailar. Cómo moverse al ritmo de la música combate el Alzheimer. El baile como una actividad que ejercita la capacidad mental es el objetivo de investigación de un grupo de científicos de la Universidad Masaryk de Brno, en colaboración con un grupo de personas mayores que asisten a un centro de baile de la ciudad. La...

October 11, 2018
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11Oct

Colombia. Trabajadores independientes y las problemáticas en seguridad social

En Colombia, los trabajadores independientes, dependientes y contratistas están obligados a afiliarse a la seguridad social de acuerdo con el Código Sustantivo del Trabajo y la Ley 100 de 1993. Los empleados dependientes cuentan con el aporte mensual a la seguridad social generado por los empleadores. Los trabajadores independientes deben hacer su aporte por cuenta propia a través de las planillas de seguridad social que existen actualmente: Mi Planilla de Compensar, Pila Asistida o nuevosoi.com. El primero de octubre se inició...

October 11, 2018
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11Oct

Argentina. Las inconstitucionalidades del decreto de Macri para eliminar las pensiones

Tras el fallo judicial que le impidió dar de baja 160.000 haberes por DNU, el Gobierno vuelve a la carga con otra estrategia también ilegal. El Gobierno Nacional está decidido a combatir las pensiones para dar de baja cerca de 200.000. Lo intentó el año pasado con un decreto declarado inconstitucional por la Justicia Federal y ahora volvió a la carga con otra estrategia de cuestionada legalidad. Siempre con la meta de recortar gasto, la ministra de Desarrollo Social, Carolina Stanley,...

October 11, 2018
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11Oct

México. Reforma debe dar más transparencia a inversiones de afores

Las personas no saben en qué están invertidos sus ahorros; en la página de la Consar se encuentran los portafolios de las sociedades. La posible reforma en pensiones que realice el próximo gobierno de Andrés Manuel López Obrador debe garantizar más transparencia a los trabajadores sobre las inversiones que realiza su administradora de fondos para el retiro (afore), indicó Mario di Costanzo, presidente de la Comisión Nacional para la Protección y Defensa de los Usuarios de Servicios Financieros (Condusef). “Se requiere...

October 11, 2018
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11Oct

Chinese pension system covers 925 million people

More than 925 million people are covered by the pension system in China, according to an article published by the country's top social security organ in the Qiushi Journal, a bi-monthly periodical run by the CPC Central Committee. The number is nearly nine times that of 1992. The pension funds for enterprise retirees have been rising for 14 consecutive years, according to the Ministry of Human Resources and Social Security. In addition, more than 1.35 billion people or nearly all the...

October 11, 2018
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11Oct

IMF on Greece: 3.5 pct Primary Surplus, No Pension Cuts Postponement

The International Monetary Fund (IMF) released its renewed Fiscal Monitor for October. There, the fund revised Greece’s 2019 growth rate upwards and accepted that it made a mistake regarding the last year’s Greek primary surplus. The IMF had predicted that Greece would achieve a 3.7 percent primary surplus, while now it acknowledges that the country’s surplus reached 4.2 percent. In addition to this, the IMF agrees with the official projections of the Greek authorities and says that Greece will be able to...

October 11, 2018
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11Oct

France. Macron’s pensions shake-up to take effect in 2025

A promised pensions overhaul by French President Emmanuel Macron will be introduced in 2025, but workers will retain benefits already accrued under the existing system, said the man liaising between government and unions over the reform. A trade union leader and business lobby group representative said they understood it would take 40 years for the new system to be fully phased in. The government wants to align the retirement systems in the public and private sectors as well as the variety...

October 11, 2018
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11Oct

Trillions in US net worth vulnerable to recession: IMF

A severe recession would slash US public wealth by about $5 trillion, causing vastly more damage to Washington's finances than just an increase in debt and deficits, the IMF warned Tuesday. Yet governments around the world, many of which face similar dangers, do not clearly publicize their overall net worths, the International Monetary Fund said in a new report. This creates a potential blind spot for policymakers who could use this knowledge to head off economic risks, it said. The global crisis...

October 11, 2018
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