August 2018

20Aug

México. Cancelar el nuevo aeropuerto afectaría a los mercados

Cancelar las obras del Nuevo Aeropuerto Internacional de México (NAIM) tendría un efecto negativo en los mercados financieros, fue una de las conclusiones del dictamen técnico sobre la construcción de la terminal aérea, presentado el pasado viernes por el equipo del presidente electo, Andrés Manuel López Obrador. “Detener esta obra y construir dos pistas y un nuevo aeropuerto en la Base Aérea de Santa Lucía tendría posiblemente un impacto negativo en los mercados financieros”, expuso el futuro secretario de Comunicaciones...

August 20, 2018
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20Aug

Bolivia. La nacionalización tortuga de las AFP

A raíz del inicio de un arbitraje iniciado por la AFP Previsión (Banco BBVA) contra el Estado boliviano ha entrado nuevamente en el debate el tema del sistema de pensiones. Cuatro puntos son claves para analizar esta política pública: cobertura del sistema (cantidad), beneficios (calidad), sostenibilidad financiera (costos) y administración (pública, privada o mixta) . Desde hace casi 22 años, Bolivia cuenta con un sistema de cobertura universal. El Bonosol, ahora convertido y mejorado en Renta Dignidad, es un...

August 20, 2018
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20Aug

Paraguay. Hacienda aprueba algunos cambios en Ley de pensiones

El ministro de Hacienda comentó que el proyecto que crea la ley de supervisión de fondos de pensiones no modifica los beneficios de los cotizantes, ya que mantendría la estructura de cada caja en cuanto a edad, aportes, tasa contributiva, etc. Estos puntos no se tocarán”, afirmó López quien espera que prevalezca el sentido común de los legisladores durante el tratamiento del proyecto en Cámara Alta este jueves 26 de agosto. El proyecto de ley que “Crea el Consejo Asesor...

August 20, 2018
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20Aug

UK. An ageing population is posing problems that Britain cannot ignore

A report last week from the Office for National Statistics projected that by 2066 a quarter of the UK population would be aged 65 or over. Whereas in 2016 there were 1.6 million people (or 2 per cent of the population) aged 85 or over, by 2066 the number is projected to rise to more than five million (or 7 per cent). The ageing of society is happening in every region of the world. Both in Britain and globally, it...

August 20, 2018
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20Aug

Taiwan’s PSPF grants US$1 billion funding for two global mandates

Taiwan’s Public Service Pension Fund (PSPF), a mandatory defined-benefit scheme for civil servants, teachers and military personnel, has granted US$1 billion of funding to seven foreign asset managers for its two most recent global mandates. JP Morgan Asset Management, AllianceBernstein LP and Schroders plc, which were selected a year ago to oversee the fund’s $600 million global multi-asset mandate, each received $200 million, according to the PSPF’s latest monthly report posted on its website. The pension fund also awarded $100 million...

August 20, 2018
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20Aug

UK. Pensions watchdog forced to drop fines against fund trustees

The Pensions Regulator (TPR) admitted in an update published this month that the penalties were revoked between April and June this year. The sanctions were slapped on trustees for producing inadequate reports for members setting out how they are governing savers’ money, including explaining costs and charges. TPR admitted in its report that it revoked the 74 fines in the period “due to a time delay on our part in explaining to schemes why their statement was not compliant with the...

August 20, 2018
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20Aug

Thailand. We’re not nearly ready for the ageing society

As the dwindling workforce compounds looming challenges, there are examples of sound measures to follow Thais are not ageing faster than other nationalities, but the challenges we face with the ballooning population of senior citizens are compounded by a tendency to retire early from the workforce and move into “slow life” mode. A recent report said Thailand could face a serious manpower crisis sooner than other countries with ageing societies. It’s become clear that the present and future governments will...

August 20, 2018
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20Aug

Pension cover in Kenya hits 20pc

Pension coverage among employed Kenyans has hit 20 per cent in the year to June 2017, going up from 16.7 per cent in 2015 on the back of recruitment of more Kenyan workers to retirement savings plans. Data from the Retirement Benefits Authority (RBA) shows that over 3.2 million Kenyans were covered under pension plans by June 2017, up from the 2.82 million Kenyan covered a year earlier. RBA chief executive Nzomo Mutuku attributed the growth of coverage to increased financial...

August 20, 2018
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18Aug

The Economics of Artificial Intelligence: An Agenda

By Ajay Agrawal, Joshua Gans, and Avi Goldfarb Artificial intelligence (AI) technologies have advanced rapidly over the last several years. As the technology continues to improve, it may have a substantial impact on the economy with respect to productivity, growth, inequality, market power, innovation, and employment. In 2016, the White House put out several reports emphasizing this potential impact. Despite its importance, there is little economics research on the topic. The research that exists is derived from past technologies (such...

August 18, 2018
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18Aug

The Relationship Between Financial Planner Use and Holding a Retirement Saving Goal: A Propensity Score Matching Analysis

By Kyoung Tae Kim (University of Alabama), Tae-Young Pak (University of Alabama), Su Hyun Shin (University of Alabama) & Sherman D. Hanna (Ohio State University (OSU)) It has been well established in the literature that financial advice leads to informed decision making and improved financial outcomes. However, there is limited evidence regarding the link between financial planner use and attitudes towards retirement saving. As financial planners provide comprehensive advice for the long-term benefits of clients, their clients may become more...

August 18, 2018
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