November 2024

First UK pension scheme dives into Bitcoin, but don’t expect a stampede

The first UK pension fund has invested in Bitcoin according to the pension specialists Cartwright with the scheme reportedly allocating 3% of its assets to the cryptocurrency. Laith Khalaf, head of investment analysis at AJ Bell, comments: “It was only a matter of time before a UK pension scheme bought into Bitcoin, but this isn’t likely to spark a stampede into the asset class. Bitcoin is notoriously volatile, and pension scheme trustees are just as notoriously risk averse. Why wouldn’t you be when...

86% of Americans say all workers should have a pension, not just public workers

Americans' views on retirement are shifting. Many employees are increasingly worried about retirement and they see a return to pension as a way to restore the American Dream of retirement, according to the National Institute on Retirement Security's (NIRS') new survey, What Do Americans Think About Pensions for Public Employees? NIRS finds strong support among Americans for retirement benefits provided to state and local government employees: 86% of Americans say all workers, not just those employed by state and local governments, should...

México. Guillermo Zamarripa destaca que Afores han tenido un balance positivo pero se enfrentan a desafíos próximos

Guillermo Zamarripa, presidente de la Asociación Mexicana de Administradoras de Fondos para el Retiro (Amafore), dio a conocer que el desempeño de las Afores en México, han tenido un panorama optimista este año, sin embargo, afirma que se enfrentan a ciertos desafíos en el ámbito laboral. En entrevista con Mario Maldonado para el programa de Bitácora de Negocios por Heraldo Radio, que transmite en la frecuencia del 98.5 FM, Zamarripa destacó que, aunque se han registrado meses de minusvalías, el...

Chile. Pensiones aumentarían hasta un 50% pero el empleo formal caería un 3,4%: Posibles escenarios de la Reforma Previsional

El informe titulado «La reforma de pensiones y sus efectos en el mercado laboral chileno», realizado por Joaquín Vial, Víctor Hugo Urbina y José Valenzuela, académico de la Escuela de Ingeniería Comercial de la Universidad Católica del Maule (UCM), evalúa cómo el aumento en la tasa de cotización previsional, del 10% al 16%, afecta diversos aspectos del mercado laboral. Utilizando un modelo dinámico estocástico de equilibrio general (DSGE), esta herramienta permite evaluar cómo las economías evolucionan con el tiempo, teniendo en...

US. Boeing workers vote to accept deal, end strike

Striking workers at embattled plane maker Boeing voted Monday to accept the company’s most recent offer, ending the costliest strike in the United States in more than 25 years. The International Association of Machinists (IAM) said rank-and-file members voted by 59% to approve the deal. IAM members had voted almost unanimously against Boeing’s first offer on the eve of the start of the strike, and then 64% voted against the second offer less than two weeks ago, extending the strike. “I’m...

UK. Pensioners Affected by Winter Fuel Payment Changes Prompt Union’s Legal Challenge

The UK government's plan to scrap universal Winter Fuel Payment for around 12.7 million pensioners has prompted trade union Unite to threaten legal action. In a bid to save money, the Labour government has said that only people over the age of 66 and in receipt of means-tested benefits such as Pension Credit would be eligible, meaning that around 10 million pensioners will no longer receive this one-off annual payment of up to £300. Implications for Pensioners and Government Justifications Ministers claimed...

China. Recommendations made for strict implementation of China’s Social Insurance Law

The Standing Committee of the National People's Congress, China's top legislature, urges more sound and scientific regulations and law on the nation's social insurance operation after it sent an inspection team to review the implementation of the Social Insurance Law in recent months. The inspection team, consisting of 19 members, visited 16 cities and prefectures in six provinces from June to July, including Shanghai, Heilongjiang and Guangdong, to review the implementation of the social insurance law. The team also authorized...

CPF unveils new fund to support Kenya’s unpensionable workers

CPF Financial Services has introduced the Taifa Pension Fund, a new pension scheme targeting Kenya’s unpensionable workforce across both private and public sectors. The fund, managed by Standard Investment Bank, provides flexible retirement solutions for those without traditional pension access, such as informal sector workers. Taifa Pension Fund offers a range of benefits including high returns, global market exposure, and diversified investment opportunities. It serves as an umbrella fund, allowing participating employers to pool resources, thus reducing the overall cost per member...

Colombia. En estos casos se va a reconocer la pensión por invalidez en Colombia desde el 2025

La pensión por invalidez en Colombia, desde el 2025, va a tener en cuenta una serie de modificaciones dado lo que se aprobó en el Congreso de la República y que presentó el gobierno del presidente Gustavo Petro por medio de la reforma pensional. De acuerdo con la ahora norma, se van a reconocer las mesadas por jubilación cuando una persona no pueda volver a trabajar por algún tipo de afectación física. De esta manera, se lee en la reforma, el...

Chile. Autopréstamo AFP: El nuevo monto máximo que se podría solicitar

El proyecto permitiría retirar un nuevo monto máximo de las cuentas personales de las AFP. El autopréstamo de las cuentas de ahorro de las AFP, se volvió la única alternativa para retirar dinero de los ahorros previsionales. Esto, tras la negativa de los propios parlamentarios a discutir el séptimo retiro de las AFP. Esta iniciativa se enmarca dentro del proyecto de Reforma Tributaria que presentó el gobierno y que aún es discutido en el Congreso. Nuevo monto del autopréstamo de las AFP El autopréstamo fue anunciado como...