April 2025

Jamaica. How will tariffs impact retirement?

It is a tumultuous time for world economies. With the raging tariff war, which is likely to trigger another round of high inflation, investors and retirees face more uncertain times. I recently had separate discussions with two individuals from opposite ends of the age spectrum; one seeking assistance with planning for retirement and the other needing financial advice to navigate the retirement years. The 36-year-old employee was concerned with the time value of money, while the retiree wrestled with how...

Turkey. Fast aging population in agriculture threatens food security

The aging population in Türkiye’s agriculture is posing a risk to the country’s food security, Union of Turkish Agricultural Chambers (TZOB) President Şemsi Bayraktar has warned, calling for urgent action to lure the young population into the industry. The average age of farmers rose to 59 last year with the average being 58 for men and 61 for women, Bayraktar said. Some 35 percent of them are over 65 years old, and another 35 percent are between the ages of 50 and 64,...

México. Sheinbaum ofrece garantía de permanencia y ampliación de los programas sociales tras aranceles de Trump

En el marco de la presentación de 18 puntos claves para fortalecer la implementación del Plan México, la presidenta Claudia Sheinbaum Pardo se comprometió a “garantizar la permanencia y aplicación” de los Programas para el Bienestar, los cuales van desde las pensiones para adultos mayores hasta los nuevos que se han puesto en marcha en el inicio de su sexenio, tales como Pensiones Mujeres Bienestar, Beca Rita Cetina y “Salud Casa Por Casa”. Al respecto, la mandataria mexicana insistió que...

Colombia. A tres meses de la entrada en vigor de la reforma pensional, ¿cómo va su implementación?

En un contexto de expectativa por la próxima entrada en vigor de la reforma pensional del gobierno de Gustavo Petro, el gremio de los fondos de pensiones, Asofondos, dio inicio a su congreso anual. La reunión, que se celebra en el hotel Hilton de Cartagena, abordará el estado de los avances en el proceso de implementación de la reforma pensional, a tres meses de su entrada en vigor. Igualmente, se tratarán los posibles escenarios y efectos de las decisiones que emane...

Oil spills, scandals of the past embolden ESG stance of U.N. pension fund CEO

A plastic water bottle might not prompt most people to engage in lighthearted employee ribbing, but for Pedro Guazo, the CEO of the office of investment management at the United Nations Joint Staff Pension Fund, it did. As he watched the office's communications officer, Pilar Lagos, pull a mini water bottle out of her bag during a meeting, he remarked: “Is that,” he asked playfully, “a single-use plastic water bottle?” Sitting on top of the large conference room table was a...

Investments in education can reduce the pension burden

Education investments can ease pressure on pension system: A study by the Max Planck Institute for Demographic Research shows that investing in education can offset the effects of low birth rates on the pension system. Better education, higher productivity: Education increases workforce productivity and helps compensate for a smaller labor force. This reduces the burden on pensions. Investment pays off: Higher investment in education not only extends the number of working years, but also boosts pension income and life expectancy. A recently...

UK. Taxpayers have until 5th April to top up their state pension by making NICs

Taxpayers with missing National Insurance Contributions (NICs) have until 5th April to make backdated payments to accrue more state pension, say leading audit, tax and business advisory firm, Blick Rothenberg. Robert Salter, a Director at the firm, said: “As part of the changes to state pensions, the Government temporarily extended the time limit to make backdated NIC payments, so that people with missing contribution history can make voluntary NICs for all tax years from 6th April 2006 onwards.” He added: “Before this, UK...

Türkiye takes measures to boost birth rate as demographic crisis looms

The Turkish government is taking significant steps to counteract a troubling demographic decline, introducing numerous incentives aimed at reversing the falling birth rate. Türkiye has declared 2025 the "Year of the Family," an initiative designed to promote childbirth, while its Ministry of Family and Social Services has unveiled a comprehensive program intended to support working mothers, which includes establishing public nurseries and kindergartens to facilitate childcare. The country's birth rate has steadily declined for years, reaching a low of 958,000 births...

México. El Fondo de Pensiones para el Bienestar tiene 2,300 millones de dólares y cubre hasta 2045

El Fondo de Pensiones para el Bienestar, creado el año pasado en la administración del entonces presidente Andrés Manuel López Obrador, sigue sin presentar información actualizada tal como estaba estipulado, por eso llamó la atención que el secretario de hacienda, Edgar Amador, informó sobre algunas cifras relevantes frente a medios de información financiera. De acuerdo con el titular de las finanzas del país, el Fondo de Pensiones para el Bienestar cerró el pasado 26 de marzo con activos monetarios por...

Chile. El A se fue a pérdida: Los multifondos de pensiones terminaron marzo con resultados mixtos

Los fondos de pensiones mostraron resultados reales mixtos en marzo de 2025. Los más riesgosos cerraron el mes en rojo. Y en línea con lo anterior, los multifondos riesgosos registraron pérdidas en el primer trimestre del año, contrastando con las ganancias de los conservadores. En todo, está incidiendo el retroceso del mercado norteamericano y la caída del dólar (-0,54%). Los fondos más riesgosos, Tipos A y B, registraron caídas de -1,20% y -0,70% respectivamente, mientras que el fondo de riesgo moderado, Tipo C, presentó...