October 2024

Argentina. Aumenta el salario mínimo: todas las asignaciones y pensiones de ANSES que se verán afectadas

El Gobierno nacional, a través de la Secretaría de Trabajo, Empleo y Seguridad Social, activó en octubre el último tramo de actualización del Salario Mínimo, Vital y Móvil (SMVM) definido en julio. De esta manera, distintas pensiones y Asignaciones liquidadas por la Administración Nacional de la Seguridad Social (ANSES) vieron el impacto en los requisitos vinculados a los ingresos y adicionales. ¿En qué prestaciones de ANSES impactó el aumento del salario mínimo? Jubilados Los adultos mayores que se hayan retirado sin moratoria (es decir, con los 30 años de aportes correspondientes), tienen derecho a...

French lawmakers weigh political risk of curbing boomers’ costly pensions

 France's government has put the country's explosive pensions issue back on the agenda as it seeks to reduce a gaping budget hole. But this time, it wants pensioners to contribute to belt-tightening efforts themselves. It also wants lawmakers used to pandering to older voters to back it. Economists and analysts say that if France really wants to tackle its bloated public spending, the baby-boom generation - those born between 1946 and 1964 - must take a hit to their pensions,...

New ILO report highlights urgent need for improved labour and social protection for domestic workers in ASEAN

A new report by the International Labour Organization (ILO) highlights the critical need to improve labour and social protection for domestic workers across the 10-member Association of Southeast Nations (ASEAN) region. The report entitled Labour rights and social protection coverage for domestic workers in ASEAN  finds that despite their essential role in supporting households and economies, domestic workers, many of whom are women and migrants face significant gaps in protections that affect their well-being and economic security. There are about 38.3 million domestic...

UK. DWP suggests clearer communication and tech to boost pension engagement

There is a need for clearer communication, improved information and greater use of technology to boost public engagement with private pensions in the UK, according to the Department for Work and Pensions (DWP). The report, titled “Lessons on Pensions Engagement”, explores how to encourage greater participation in private pension schemes. It finds that “Pension engagement is a key departmental and governmental priority, but evidence shows engagement is low.” The analysis defines engagement in three ways: cognitive, emotional, and behavioural. It highlights...

US. A Little Bit of Everything in September for DB Plans

September is a little bit of everything. It’s summer, it’s fall. Baseball season, football season. In like manner, the funding status of private-sector pension plans showed slight progress — or slight decline — this September, depending on the analysis. But the common theme is that there was relative stability. This marks the second consecutive month in which the funding of private-sector pension plans had mixed results. They fared similarly in August, when a number of analyses diverged on whether private-sector pension...

Korean public pension fund trailing peers on support for E&S votes, study finds

Korea’s National Pension System (NPS) is falling behind other large public pension funds on proxy voting, according to a study by local policy think tank the Economic Reform Research Institute (ERRI). With $818 billion in AUM, NPS is the second-largest pension fund in the world after Japan’s Government Pension Investment Fund. However, analysts at ERRI said an inadequate voting policy on sustainability issues means the fund consistently ranks low among peers on support for global ESG proposals. The study compares NPS with six European,...

España. La ‘hucha de las pensiones’ cerrará 2024 con cerca de 9.300 millones, 300 millones más de lo previsto

El Fondo de Reserva de la Seguridad Social, conocido como la 'hucha de las pensiones', cerrará el año con cerca de 9.300 millones de euros, 300 millones más de lo inicialmente previsto, ha informado este lunes el Ministerio de Inclusión, Seguridad Social y Migraciones. Al finalizar el mes de septiembre, la hucha contaba con 8.356 millones de euros, "el nivel más alto desde diciembre de 2017", tras haber ingresado desde enero 2.623 millones de euros gracias al Mecanismo de...

Chile. Ministerio de Economía abre investigación sobre legalidad de campaña de las AFPs en contra de la reforma de pensiones

El Ministerio de Economía abrió una investigación sobre la campaña publicitaria de la Asociación de AFPs en contra de la reforma de pensiones, dándole 30 días hábiles para entregar antecedentes que justifiquen su accionar. La investigación, fue abierta a partir de la solicitud de la cancelación de la personalidad jurídica de este gremio por parte del presidente de la Comisión de Trabajo, diputado Luis Cuello, junto a los parlamentarios, Boris Barrera, Andrés Giordano, Juan Santana, Javiera Morales Alvarado, Marcela Riquelme,...

Regulators increase scrutiny on funded reinsurance amid pension de-risking surge

The growing use of innovative “funded” or “asset-intensive” reinsurance structures by life insurance companies has attracted regulatory attention, particularly in light of the expanding pension de-risking market. These transactions, which involve transferring corporate pension scheme liabilities to life insurers, have led to an increase in reinsurance activity where both investment and longevity risks are passed to reinsurers. In its latest report, Hogan Lovells notes that while regulators recognize the strategic role of reinsurance in managing risk and capital, the rising volume of...

US. 4 Trends Transforming How The Country Saves For Retirement

From building your nest egg to navigating financial hurdles, everyone’s journey to retirement is unique—but a clear road map is key to success. This is evident in research conducted by investment management company Vanguard in its comprehensive How America Saves 2024 report, which explores hundreds of retirement contribution plans, thousands of data points and the actions of millions of participants. For the past 23 years, Vanguard has been researching retirement trends and using data to help plan administrators optimize offerings. The result?...