January 2025

Cambios poblacionales en El Salvador y ajustes en el bono demográfico

El nuevo Censo de Población revela otra oportunidad conocida como el bono demográfico de género, que destaca los beneficios económicos asociados al avance hacia la paridad entre mujeres y hombres en el mercado laboral. Los datos preliminares del Censo de Población y Vivienda El Salvador 2024 revelan cambios demográficos profundos que han transformado significativamente al país en menos de cincuenta años. De ser un país típico del tercer mundo, con altas tasas de fecundidad, natalidad y mortalidad, hemos pasado a...

Finally, U.S. pension plans reach fully funded status

For the first time in 17 years, at the close of 2024 pension plans sponsored by large U.S. companies were fully funded to meet future financial obligations. That’s according to Willis Towers Watson’s latest funded-status analysis, which examined pension plan data for 361 Fortune 1000 companies with a calendar fiscal year. The analysis estimated that, in the aggregate, those companies’ plans were 100% funded. The companies’ combined pension obligations declined by 8%, from an estimated $1.25 trillion at the end of 2023...

UK politics needs to take a long-term view on social care

Past attempts to reform social care by both Labour and the Conservatives have failed.  The recent commission of an independent review led by Baroness Louise Casey into the state of social care provides a beacon of hope. Nicholas Barr argues that a long-term view on social care is the only plausible solution. Enjoying this post? Then sign up to our newsletter and receive a weekly roundup of all our articles. Social care in England, though a known problem, has remained chronically underfunded for decades, and has...

Japan’s GPIF-commissioned report finds gaps in infrastructure assets data

Fund managers’ current data reporting practices for infrastructure assets do not provide Japan’s Government Pension Investment Fund and other asset owners with adequate information to measure fair value and manage risks in their portfolios, a report commissioned by the pension fund found. Tokyo-based GPIF had ¥252.86 trillion ($1.61 trillion) in assets as of Sept. 30. Money managers that follow ethical guidance under the Global Investment Performance Standards are expected to provide “a full and fair disclosure of their performance,” but research...

Kenya. Govt Introduces New Tax Laws on Pensions & Retirement Benefits

The Retirement Benefits Authority (RBA) has announced new tax reforms on pensions and retirement benefits. In a notice, the authority indicated that the reforms were introduced by the Tax Laws (Amendment) Act 2024, effective December 27, 2024. Further, the notice indicated that the changes would address current economic challenges by offering increased tax-free pension contribution limits among other changes. “The Retirement Benefits Authority (RBA) is informing stakeholders and the public about important reforms introduced by the Tax Laws (Amendment) Act 2024, which...

Los 3 peores errores financieros antes del retiro

Prepararse para el retiro es una de las decisiones más importantes de la vida financiera. Sin embargo, muchos caen en errores comunes que pueden afectar gravemente su calidad de vida en la jubilación. A continuación, analizamos los tres errores más perjudiciales y cómo evitarlos para asegurar un futuro más estable. Prepararse para el retiro es una de las decisiones más importantes de la vida financiera. Sin embargo, muchos caen en errores comunes que pueden afectar gravemente su calidad de vida...

Chile. Presidente Boric arremete contra las AFP: “El sistema impuesto en dictadura no cumplió su promesa”

Durante esta jornada de lunes, el Presidente Gabriel Boric arremetió contra las AFP, asegurando que el “el sistema impuesto en dictadura no cumplió su promesa”. Lo anterior, en medio del inicio de una fase clave en la discusión por la reforma de pensiones, donde se espera que se logre un acuerdo y pueda ser despachada de la Comisión de Trabajo del Senado durante este mes de enero. De esta forma, en un encuentro ciudadano denominado “Chile merece mejores pensiones”, que se...

Argentina. Se despiden las jubilaciones: el Gobierno tomó una decisión y este grupo quedará fuera de ANSES

Mientras la Administración Nacional de Seguridad Social (ANSES) prepara el calendario de pagos para los jubilados y pensionados, el Gobierno informó que no prorrogará la moratoria previsional. Esta medida implica que los adultos mayores en edad de jubilarse que no cuenten con los 30 años de aportes necesarios no podrán acceder al "Plan de pago de deuda previsional", programa que permite acceder a una jubilación mínima. Jubilaciones: ¿qué es la moratoria previsional? La moratoria previsional de ANSES era un régimen especial que permitía que las personas que habían alcanzada la edad jubilatoria pudiesen...

Sustainable finance is braced for its toughest year yet

Before most investors had even returned to the office after the Christmas break last week, it became clear that sustainable finance is in for another rough year. On Thursday, Morgan Stanley became the latest big name to abandon the private sector’s main climate group, the Glasgow Financial Alliance for Net Zero (GFANZ). GFANZ, as it’s more commonly known, was set up to help its 700+ members work out how to develop the right targets, accounting metrics and investment strategies to achieve...

Pension Income Contributed $1.5T to US Economic Output in 2022

More than $680 billion in pension benefits were paid to 26.3 million beneficiaries in 2022, according to new research from the National Institute on Retirement Security’s “Pensionomics 2025” report, which quantified the economic impact of defined benefit pension expenditures. “Virtually every state and local economy across the country benefits from the spending of pension checks,” wrote the report’s authors, NRIS Executive Director Dan Doonan and Ilana Boivie, an assistant director of strategic resources for the International Association of Machinists and Aerospace Workers....