September 2018

06Sep

UK. Industry comment on Pensions Dashboard announcement

Steve Webb, Director of Policy at Royal London said: “This announcement is a huge breakthrough after a period of uncertainty. There is much that the industry can do to deliver a dashboard, but only the government can supply vitally important state pension data and only the government can legislate to make sure that the dashboard’s coverage is comprehensive. Backed by this renewed commitment by the government, the whole pension industry now needs to work together to drive forward this...

September 6, 2018
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06Sep

What are the retirement ages around the world?

Retirement ages, or the age when some sort of government pension can be received, varies around the world. The OECD average for a normal pension age is currently 64.3 years for men and 63.7 years for women. While life expectancy has risen in many countries and governments grapple with ageing populations, any attempts to make people wait longer to collect benefits are usually met with fierce opposition, as Russia and Australia found out recently. Read more sbs

September 6, 2018
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06Sep

Pensions and insurers give new impetus to Asia’s ETFs

Yield-chasing has been a persistent theme among Asian insurers. “As low interest rates reduce the income-generating ability of fixed-income investments, insurers are looking to diversify their return sources,” says Brian Roberts, senior vice‑president and head of exchange-traded products at HKEX. “Investors can’t control market returns, but can control fees that eat away at their returns. The low-cost, tax-efficient nature of ETFs is one of the reasons we’re seeing stronger interest among insurers.” According to data compiled by research provider ETFGI,...

September 6, 2018
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06Sep

South Africa. PFA decisions can now be appealed with the Financial Services Tribunal

Until recently PFA determinations could only be taken on appeal to the High Court - at great cost - within six weeks of the decision. The Financial Sector Regulation Act, 9 of 2017 (“FSR Act”) considers the Pension Funds Adjudicator as a “decision-maker” and his/her decisions are “decisions” as respectively defined in paragraphs (e) and (d) of section 218 thereof. This section came into effect on 1 April 2018 along with the FSR Act. Thus, the tribunal is now in a...

September 6, 2018
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06Sep

Economía del comportamiento: pasado, presente y futuro

Por Richard H. Thaler (University of Chicago - Booth School of Business; National Bureau of Economic Research (NBER)) La “economía del comportamiento” intenta incorporar ideas de otras ciencias sociales, en especial de la psicología, para enriquecer el modelo estándar. El interés en la psicología del comportamiento humano es un retorno de la economía a sus orígenes. Adam Smith aludió a conceptos clave como la aversión a la pérdida, el exceso de confianza y el autocontrol. La economía del comportamiento encontró...

September 6, 2018
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06Sep

Productividad Y Distribución Del Ingreso: Implicaciones Sobre El Salario Mínimo Colombiano, 2001-2016

Por Daniel Francisco Ossa (National University of Colombia) Este trabajo revisa la discusión sobre el método más adecuado para calcular la productividad. Toma en cuenta la productividad total de los factores, la productividad del capital y la productividad laboral, así como sus interpretaciones, alcances y relaciones. Además, analiza el impacto de esta discusión en la evolución del salario mínimo colombiano durante el periodo 2001-2016. Por último, discute qué relación existe entre el crecimiento de la productividad y la distribución del...

September 6, 2018
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05Sep

México. Alcancías y tandas, método de ahorro entre millennials

Las alcancías y las tandas son algunos de los métodos de ahorro preferidos por los Millennials, reveló un sondeo de La Tasa, y aunque si bien la mayoría tiene hábitos de ahorro, no se sienten interesados por las inversiones. En un comunicado el director general de la plataforma de préstamos persona a persona, Diego Paillés, destacó que esta generación "antes que contar con algún vehículo de inversión formal, opta por mantener sus ahorros en alcancías o tandas”. De acuerdo con el...

September 5, 2018
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05Sep

República Dominicana. ADAFP dice evasión y elusión amenazan nivel de pensiones

En el modelo previsional del Sistema Dominicano de Seguridad Social “hay evasión y elusión” y esos factores contribuyen a proyectar un nivel de pensión insuficiente para los trabajadores afectados por esa irregularidad, al momento del retiro. La afirmación la hizo la presidenta ejecutiva de la Asociación Dominicana de Administradoras de Fondos de Pensiones (ADAFP), Kirsy Jáquez, quien explicó que en la Seguridad Social “el que no cotiza, evade”. “Pero hay otro tipo de evasión, el que cotiza mal”, por debajo...

September 5, 2018
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05Sep

ESG Investing: A Blue Ocean For Corporate Employer-Sponsored Retirement Plans

The executive order on retirement savings, which President Trump signed on Friday, shines a spotlight on corporate-sponsored retirement plans. The $28.0 trillion U.S. retirement market offers opportunities for growth in environmental, social and governance (ESG) assets under management (AUM), particularly among corporate-sponsored retirement plans. 60% of corporate plan sponsors that participated in a recent NEPC survey indicated that they were not interested in incorporating ESG investing, which means considering ESG factors in both investment decisions and ownership policies and practices. Read...

September 5, 2018
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05Sep

Australia. Scott Morrison scraps Government plans to raise pension age to 70

Prime Minister Scott Morrison has dumped the plan to raise the pension age to 70, announcing the decision on breakfast television even before Cabinet has formally agreed to it. It was one of the issues on which Labor had repeatedly attacked the Government, especially highlighting the impact for people with physically difficult jobs. Former treasurer Joe Hockey announced the plan to lift the pension age from 67 to 70 in his controversial 2014 budget in a bid to help fund the...

September 5, 2018
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