January 2025
29Jan

Ukraine tackles world’s fastest aging population with drastic pension overhaul

As Russia’s war takes its toll on Ukraine’s military-capable population, the country faces a ticking demographic time bomb that is forcing the adoption of unpopular decisions. Ukraine’s dwindling adult population can no longer sustain a solidarity pension system, in which each working adult supports one pensioner — a ratio that could be one of the highest in the world. Each adult will now maintain their own pension fund account to supplement the very basic state social assistance. This step, the...

January 29, 2025
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29Jan

Retirement is a risky business for most people

Firstlinks published an article by Bruce Bennett on 8 January 2025 that highlighted some of the problems with the Commonwealth Super Scheme (CSS): This article drew comparisons between account-based pensions available from industry super funds and SMSFs. I think those comparisons are misplaced. A more interesting exercise would be to compare the CSS with the age pension because both are income streams that are paid for life and indexed to inflation. In both cases, the provider is the Commonwealth Government and benefits are...

January 29, 2025
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28Jan

Chile. Senado aprobó en general la reforma al sistema de pensiones: se despachó a la Cámara de Diputados

Por 40 votos a favor y 7 en contra la Sala del Senado aprobó el proyecto en segundo trámite, que crea un nuevo Sistema Mixto de Pensiones y un Seguro Social en el pilar contributivo, mejora la Pensión Garantizada Universal y establece beneficios y modificaciones regulatorias. De este modo, la reforma previsional quedó ahora en condiciones de cumplir su tercer trámite en la Cámara de Diputadas y Diputados. Tras un debate de casi diez horas, que fue seguido desde las tribunas...

January 28, 2025
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28Jan

España. El Gobierno aprueba un nuevo decreto con el alza de las pensiones y el grueso del escudo social

El Gobierno cierra un acuerdo con Junts y aprueba un nuevo decreto para salvar las principales medidas del paquete derogado la pasada semana en el Congreso. El texto incluye la revalorización de las pensiones, la prórroga de los descuentos al transporte público, la ayudas para los afectados por la DANA, la extensión del 'escudo antiopas', y otras medidas sociales, como la prohibición de los cortes de suministros básicos o la suspensión de los desahucios a familias vulnerables, que el...

January 28, 2025
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28Jan

Colombia. Expertos destacan la importancia de los Fondos de Pensiones Voluntarias para complementar el ahorro obligatorio

Asegurar un Fondo de Pensiones Voluntaria se convierte en uno de los objetivos más importantes de los trabajadores colombianos para asegurar su futuro, especialmente ahora que se está poniendo en marcha la nueva reforma pensional. Según los expertos de Credicorp Capital, se debe garantizar un ingreso mínimo al momento del retiro, por lo que los Fondos Voluntarios de Pensiones (FVP) complementan esa pensión en situaciones de vejez, invalidez, muerte y orfandad, brindando una capa adicional de seguridad. “Frente a la coyuntura...

January 28, 2025
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28Jan

UK. Pension industry backs Reeves’ £160bn corporate pension release

The pensions industry has said it is willing to back the Chancellor Rachel Reeves’ plans to unlock up to £160bn in corporate surpluses if retirees are given “appropriate protection” by the government. Reeves and the Prime Minister Keir Starmer are set to meet with business leaders in the City of London today to outline pension reforms aimed at driving economic growth. Under the changes, trapped surplus funds in so-called final salary pension schemes will be freed up for investment, while trustees will be given more...

January 28, 2025
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28Jan

Dutch Pension Fund Seeks Divestment from BlackRock

A Dutch pension fund is considering cutting ties with BlackRock because of the manager’s departure from the Net-Zero Asset Managers Initiative. PME Pensioenfonds, a pension fund for the metals and technology industry which has more than 620,000 participants, said it was reconsidering the future of its 5 billion euros invested with the manager, according to a memo seen by CIO. The pension fund is among the largest in the Netherlands, with more than 280 billion euros ($294.17 billion) in assets under...

January 28, 2025
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28Jan

Trump’s DEI pushback targets universities, foundations and other institutional investors

The Trump administration’s pushback against diversity, equity and inclusion is now targeting universities, foundations and public companies — a new development in the movement to dismantle DEI. President Donald Trump signed an executive order on Jan. 21 in which he calls for “Encouraging the Private Sector to End Illegal DEI Discrimination and Preferences.” That order mandates federal agencies determine which universities, foundations and corporations should be investigated for their DEI policies, among other things. Specifically, the order directs each agency to identify up...

January 28, 2025
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28Jan

Russia Announces Major Pension Indexation Updates

Russian President Vladimir Putin recently announced significant updates to the pension indexation system, which will take effect from January 2025. These changes aim to adjust pension payments based on actual inflation rates, enhancing the financial support available to millions of retirees across the country. Starting January, the insurance pensions for both working and non-working pensioners were initially indexed by 7.3%. Recognizing the necessity for more substantial support amid rising inflation, Putin proposed to retroactively increase the indexation to 9.5% effective...

January 28, 2025
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27Jan

América Latina es la segunda región del mundo con mayor informalidad laboral.

En América Latina, uno de cada dos trabajadores es informal, es decir que no está contemplado dentro del mercado laboral formal y trabaja "en negro" como se llama comúnmente. De acuerdo con un informe elaborado por la Federación Internacional de Administradoras de Fondos de Pensiones (FIAP), la situación de informalidad laboral "no solo deja a los trabajadores en total desprotección ante incidencias durante su vida" activa en el mundo del trabajo, "sino que también los condena a enfrentar una vejez...

January 27, 2025
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