October 2024

República Dominicana. Patrimonio de los fondos de pensiones sigue creciendo

El patrimonio total de los fondos de pensiones en el país alcanzó un nuevo récord al cierre de septiembre de este año. Se situó en aproximadamente RD$1.34 billones (exactamente 1 billón 341,442 millones 861,518.89 pesos). Es un reflejo del crecimiento constante desde el inicio del año. A la vez refleja la salud del sistema de pensiones dominicano. Desde enero, mes en que el patrimonio total era de RD$1.23 billones, el crecimiento ha sido sostenido a lo largo de los meses. En...

UK. DWP to give £812 to some benefit claimants

The Department for Work and Pensions (DWP) is providing a new loan scheme that offers people on benefits an additional £812 boost. This measure, launched by the government department, is designed to further support benefit claimants throughout this year. According to the DWP, recipients of the loan are not required to pay back the sum immediately. The Department has stated, "A Budgeting Loan is interest-free so you only pay back what you borrow. The repayments will be taken automatically from...

The problem of aging is intensifying in Korean rural areas. In particular, in the case of rice farme.

71.1% of rice farmers aged 65 or older majority of people in their 70s and older Rice consumption per person has decreased by 14.8 kg over 12 years. The problem of aging is intensifying in Korean rural areas. In particular, in the case of rice farmers, more than 70% of elderly farmers aged 65 or older were found. According to the "Rice Consumption Trend Analysis" published by the National Agricultural Cooperative Federation on the 21st, the proportion of farmers aged 65...

Reform for Turkish pension system urged amid inflation, early retirement, population aging

Amidst the high cost of living, a culture of early retirement, and a demographic outlook featuring population aging and a low birth rate, Türkiye's pension system is under great pressure and requires urgent reforms, experts have said. According to the state-managed Social Security Institution (SGK), some 16.4 million people receive retirement and old-age pensions in Türkiye, a country with a population of over 85 million. However, as data from Türkiye's Retirees Association showed, about one-fourth of all those retirees continue to...

Can’t wait to give up work? Why some people are not the retiring type

Ageing populations require a shake up of our pension systems, but fair and effective changes require an understanding of older workers. Across Europe, raising pension ages is a necessary - yet incendiary - conversation. As life expectancies increase, so does the ratio of pensioners to workers, ultimately resulting in mounting pressure on state budgets. In countries where retirement reforms have sparked controversy, one argument continues to resurface. Raising the state pension age, many argue, can't be a 'one-size fits-all' approach. Due to disparities...

In France, senior citizens are (almost) king

It was highly symbolic. In the space of a few days, France went from having the youngest prime minister of the Fifth Republic, 35-year-old Gabriel Attal, to the oldest, Michel Barnier, 73. Beyond the political context, this change carries a particular significance at a time when the country is quietly going through a profound transformation: It is aging – and quickly. To prove the point, centenarians, rare 30 years ago, are now almost commonplace: There are around 30,000 of...

México. Renta variable de Afores con resultados mixtos en 2024

Las inversiones de las administradoras de fondos para el retiro (Afores) cayeron 1.41% en renta variable local y crecieron 2.44% en renta variable internacional entre enero y septiembre de este año, según datos de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). Al corte de septiembre,10 Afores administran fondos por 6.7 billones de pesos en 72 millones de cuentas. Actualmente, Profuturo es la que tiene la mayor cantidad de recursos, con 1.19 billones de pesos, seguida de Afore...

Trabajadores Protestan En Panamá Contra Reforma Al Sistema De Pensiones

Miles de panameños marcharon este jueves en rechazo a una eventual privatización de las pensiones y un aumento en la edad de jubilación, mientras el gobierno avanza en negociaciones para reformar el sistema. Los manifestantes, convocados por sindicatos de izquierda, se dirigieron hasta la casa de gobierno, en el casco antiguo de la capital, para entregar un documento con sus demandas. «Panameño, ponte duro, defiende tu seguro», corearon unas 4.000 personas en una bulliciosa marcha custodiada por la policía, en la...

UK. Tax-free withdrawals from pension pots surge amid fears over autumn budget

Savers have started to withdraw cash from their pension pots amid fears over potential tax changes at the autumn budget, according to investment companies. The investment platform AJ Bell said reports that the chancellor, Rachel Reeeves, was likely to increase taxes at the budget on 30 October had spooked some of its customers into new retirement savings decisions. The wealth management firm Quilter, which manages more than £113bn of customers’ money, also said it had experienced a surge in calls from...

Platform workers: a new era of labour protection in Singapore

The Platform Workers Act coming into effect on 1 January 2025 will be a game-changer in Singapore’s labour landscape.  It marks a significant step towards recognising the unique circumstances of platform workers and providing them with essential protections. As one of the first countries to establish specific safeguards for this growing workforce, Singapore is demonstrating its commitment to adapting labour laws to the evolving digital economy. Understanding Platform Workers and Platform Operators The Act defines “platform workers” as individuals who contract...