September 2018

Russia. Why Putin’s Pension Plans For Russia Could Put His Own Happy Retirement At Risk

He is a leader who has built his entire political image on being a decisive, strong man of action -- yet, early in his fourth term as Russian president, the passage of time presents Vladimir Putin with challenges he has not previously faced. Firstly, there is a time limit on Mr Putin's own career. The Russian constitution only permits a president to serve two terms. Mr Putin did this between 2000 and 2008, at which point the constitution was interpreted...

UK. Pensions dashboard run by industry gets green light from government

Work and pensions secretary approves the introduction of the pensions dashboard, provided the financial services industry runs it Pension savers will be pleased to hear that the government has finally committed to the so-called pensions dashboard. This is a technological initiative to allow pension savers to see all of their savings pots in one place. State pension entitlement data was set to form the cornerstone of the pensions dashboard. Doubts have been cast about whether the platform would prove useful without the...

Chile. AFP: boom por captar afiliados genera regreso de los incentivos perversos para cambiarse de administradora

Cae dentro de la categoría de "irregularidad grave", pero es añosa y persiste prácticamente inmune en la esfera pública. Por estos días es posible ver en redes cómo se ofrecen hasta $70 mil a cotizantes para mover sus fondos desde una AFP a otra, todos prohibidos y frente a los cuales las administradoras parecen guardar silencio, en momentos en que la legitimidad del sistema se juega a diario. Desde julio a mediados de agosto es posible leer en Twitter o...

México. Competencia en las afores “Teme a la vejez, pues nunca viene sola”, Platón

Una de las reformas que ha prometido el gobierno en puerta es al sistema de pensiones. Por años, el Sistema de Ahorro para el Retiro (SAR) ha presentado graves deficiencias, sobre todo por sus implicaciones para el bienestar de millones de mexicanos y la estabilidad económica y social del país. Al cuarto para las doce que concluya el sexenio la Asociación Mexicana de Afores (Amafore) que encabeza Carlos Noriega Curtis presentó un paquete de reformas a la Ley del SAR...

Chile. La vida es ahora: las pensiones no pueden esperar

La efectista tecnología de detección facial de los evasores en buses del transporte metropolitano anunciada por el gobierno, bien podría ponerse en la entrada de los bancos o las oficinas del Servicio de Impuestos Internos, porque otro gallo cantaría si se persigue con el mismo afán al evasor de cuello y corbata que al evasor des tarifas de un viaje en bus. La gestión del actual director del SII ha sido ratificada, lo que alienta una continuidad en la lucha...

Venezuela. Ancianos bloquearon calles para exigir el pago de su pensión

Tras pasar horas en filas para intentar cobrar su pensión en efectivo, ancianos de distintas ciudades de Venezuela protestaron este sábado bloqueando calles por no poder retirar el dinero de los bancos. El presidente Nicolás Maduro había anunciado que este sábado se pagaría una parte de la pensión, aumentada en un 4.200% por su gobierno. Esas declaraciones confundieron a muchos ancianos, que pensaron que los bancos abrirían. Pero las entidades permanecen cerradas los fines de semana. Aunque los pensionados recibieron el...

Growth in Asia-Pac pension fund assets outpaces global rate

PENSION funds in the Asia-Pacific are punching above their weight, accounting for a substantial and growing share of the global pensions market, a Global 300 research study by Willis Towers Watson's Thinking Ahead Institute has found. Assets of seven Asian pension funds surged by 25.6 per cent in 2017 to an aggregate sum of US$3.3 trillion, and accounted for 44.3 per cent of the world's top 20 pension funds' assets. Singapore's Central Providend Fund (CPF) was ranked the world's ninth largest...

UK. Fracking investments by council pension funds ‘unlawful’

More than £600m was provided by council pension funds to firms with fracking operations overseas in 2016-17. Campaigners argued the situation appeared "to fly in the face of the Wellbeing of Future Generations Act". Council leaders said "great consideration" was given to making responsible investments. The Welsh Government is currently consulting on its position not to grant new licences for fracking in Wales, having had a moratorium on the practice in place since 2015. In October it is set to receive control over...

Swiss youth worry more about pensions than immigration: survey

A total of 53 percent of Swiss youth surveyed claimed they are worried about their pensions, compared with 41 percent last year, the barometer has found. Immigration, which preoccupied almost half those surveyed last year, only registered as a concern among 29 percent surveyed this year. Swiss youngsters are more optimistic when it comes to the job market. Only 34 percent felt their job would disappear due to the threat posed by digitization compared with almost three out of four young people...

UK. Union call for pension funds clean-up over links to Donald Trump’s migrant camps

UNISON has proposed a merger of pension pots and the creation of a new ethical investment unit. The call comes after The Sunday Post revealed £138 million of Scottish workers’ pension cash was being used to bankroll the US President’s immigration detention centres. The funds are managed by global finance firms with huge investments in GEO Group and CoreCivic, America’s largest private prison operators. Strathclyde Pension Fund, which manages pension funds for 230,000 public service workers, has £52m invested. Lothian Pension Fund, with...