December 2024
02Dec

Unpaid pension funds rise to Sh47.16 billion, leaving Kenyan retirees at risk

Kenyan workers are at risk of financial struggles when they retire, as unpaid pension contributions by public universities and county governments increased by 12.3 per cent to reach Sh47.16 billion in the year ending June 2024. According to the latest report by the Retirement Benefits Authority (RBA), the amount of money deducted from workers' salaries for their retirement savings but not sent to pension schemes grew from Sh42 billion. This puts many pensioners at risk of having insufficient funds for their...

December 2, 2024
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02Dec

UK. DWP exact amount pensioners can have in savings before losing benefits

Some Department for Work and Pension benefits come with a list of eligibility criteria they have to meet, sometimes including having less than a certain amount in savings. This includes Universal Credit, Tax Credits, Council Tax Support, Income-based Jobseeker’s Allowance, income-related Employment and Support Allowance, Income Support and Housing Benefit. These are dubbed means-tested benefits and their savings requirements extend past the state pension age for Pension Credit, Housing Benefit and Council Tax Support. Each of these benefits have their...

December 2, 2024
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November 2024
29Nov

México. Concluye con éxito la Feria de Afores Estado de México

Cerca de nueve mil mexiquenses realizaron diversos trámites relacionados con el SAR ● Los trámites que más se llevaron a cabo fueron: la localización de cuenta Afore, Expediente Electrónico de Identificación y el retiro de recursos. ● Se registraron más de 12 mil interacciones durante los tres días del evento. Concluye con éxito la Feria de Afores Estado de México. El pasado domingo 24 de noviembre concluyó con éxito la primera edición de la Feria de Afores Estado de México, el...

November 29, 2024
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29Nov

Chile. Marcel destaca negociaciones por reforma de pensiones: “Ha habido avances importantes, pero no se puede cantar victoria”

El Ejecutivo espera despachar la reforma antes de enero de 2025, impulsando acuerdos en torno a la mejora de las pensiones futuras, la equidad de género y las condiciones de los jubilados actuales, en medio de crecientes presiones externas. El Ejecutivo está trabajando en la fase final de la Reforma de Pensiones, una de las promesas centrales de la actual administración, con el objetivo de despacharla antes de enero de 2025. La prioridad del Gobierno es construir acuerdos en el...

November 29, 2024
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29Nov

US PRT Market sees $14B in Volume in Q3

Following a record-breaking first half of 2024 for the U.S. pension risk transfer market, which closed at $26 billion through June 30, the third quarter also finished strong, according to Legal & General Retirement America’s November market update. The third quarter closed at an estimated $14 billion in total premium—a 35% increase from the third quarter of last year, which landed at $10.6 billion. A huge chunk of that total came from one deal: IBM’s $6 billion PRT with Prudential Insurance Co. of America in September...

November 29, 2024
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29Nov

UK. Retirement planning tops financial advice demand but not a priority until age 55

Planning to achieve a comfortable retirement tops clients’ financial advice ‘wish lists’ over the next six months, but the peak age for it being an advice priority is not reached until the age of 55, according to research from St. James’s Place (SJP). Its study showed that the top three advice priorities in the UK were retirement planning advice, general investment and savings advice, and better budgeting. However, SJP found there was a “large generational divide” as cost of living and...

November 29, 2024
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29Nov

Extra pension increase passes in Portuguese parliament

The Portuguese parliament approved an additional 1.25% increase in pensions, which will be added to the regular annual increase, on Thursday during the specialised votes on the State Budget for 2025. The Socialist Party (PS) proposal was carried by a majority of votes from opposition parties, with the PCP, BE, Livre, and PAN voting in favour. The PSD, CDS-PP, and Liberal Initiative voted against. The PS has estimated that its proposal has a budgetary impact of €265 million. However, a study of the measure's impact, requested by...

November 29, 2024
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28Nov

Chile. Reforma de pensiones se encamina hacia recta final: asoman puntos de acuerdo entre gobierno y oposición en los temas clave

En agosto pasado el gobierno acordó con los senadores de Chile Vamos que integran la Comisión de Trabajo un protocolo de tramitación de la reforma previsional, el cual, entre otras cosas, estableció que el proyecto se despachará del Senado en enero de 2025, es decir, dentro de dos meses. Pero desde entonces, no habían existido muchas conversaciones de fondo donde el gobierno pudiera acercar posiciones con estos parlamentarios opositores respecto de los principales nudos de la iniciativa: esto es, la...

November 28, 2024
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28Nov

Reafirma Pensionissste compromiso con el bienestar financiero de los trabajadores en la Feria de Afores Estado de México

La mayoría de los cuentahabientes realizaron la solicitud de resumen de saldos, alta de expediente de identificación, información para trabajadores no afiliados, información para afiliados, registro de Cuenta Individual y traspaso de Cuenta Individual Afore Afore Pensionissste brindó asesorías a las y los mexiquenses que acudieron para resolver dudas y realizar trámites relacionados con su Cuenta Individual, durante la Feria de Afores Estado de México 2024 que se llevó a cabo del 22 y el 24 de noviembre en el...

November 28, 2024
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28Nov

New York City Pension Investments with MWBE Asset Managers Reach Record of $23.1 Billion for Fiscal Year 2024; Grew Nearly 40% During Comptroller Lander’s Tenure

New York City Comptroller Brad Lander released a report announcing that investments by the City’s five pension funds with minority- and women-owned asset management firms grew to $23.1 billion in Fiscal Year (FY) 2024, an increase of $6.3 billion, or 37.5% since Lander took office. Assets under management by MWBE firms grew from $16.8 billion in FY22 (11.6% of actively-managed US assets), to $19.5 billion in (12.7%) in FY23, to $23.1 billion (13.3%) in FY24. Investment firms owned by people of color and...

November 28, 2024
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