November 2024
07Nov

UK. Household Support Fund extended

The UK Government’s Department of Work and Pensions (DWP) recently announced an extension of the Household Support Fund (HSF) until 31 March 2025. The fund will offer critical support and advice for struggling households across Bournemouth, Christchurch and Poole (BCP) throughout the winter period, who are finding it difficult to pay for household essentials including food and energy. Local councils are responsible for administering the fund in their area, with BCP Council being allocated £2.65 million of the £421 million national...

November 7, 2024
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07Nov

The evolving climate change investing strategies of asset owners

Asset owners who control substantial capital in the financial system through pension funds, endowments, foundations, and individual holdings can play a crucial role in driving investments in climate change mitigation, according to a new Yale School of the Environment study. The study, led by Emil Moldovan ’24 MESc, found that owners of large asset portfolios are recognizing the need to consider the environmental impacts of  investment decisions and aligning portfolio goals with global efforts to limit climate change. However, perceived...

November 7, 2024
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06Nov

México. Comisiones de Afores se han reducido a menos de un tercio desde 2008

Las comisiones que cobran las Administradoras de Fondos para el Retiro (Afores) se han reducido a menos de un tercio de lo que eran en el 2008, esto gracias a la reforma implementada en el 2020 para toparlas. Después de tres años (2022, 2023 y 2024) de mantenerse en 0.57%, este 2025 el tope máximo que cobrarán las administradoras de pensiones bajará dos puntos base, a 0.55%, según determinó la junta de gobierno de la Comisión Nacional del Sistema de...

November 6, 2024
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06Nov

Chile. Boric compromete despacho de la reforma de pensiones en enero

La agenda que encabeza la ministra del Trabajo, Jeannette Jara (PC), fue destacada por el Ejecutivo en el consejo de gabinete de este lunes. La señal llamó la atención en el marco de las expectativas que existen ante un inminente cambio de gabinete. "Tenemos que sacar adelante la reforma de pensiones y no me cabe ninguna duda que con el concurso del Parlamento a fines de este año, principios del próximo, a fines de enero idealmente vamos a poder sacarla". En...

November 6, 2024
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06Nov

Perú. SBS y AIOS inauguran el XI Encuentro de Supervisores de Fondos de Pensiones

La Superintendencia de Banca, Seguros y AFP (SBS), en conjunto con la Asociación Internacional de Organismos de Supervisión de Fondos de Pensiones (AIOS), inauguraron hoy el XI Encuentro de Supervisores AIOS: Desafíos de los Sistemas de Pensiones en América Latina: Reforma, Cobertura e Informalidad, el cual se desarrollará hasta el 6 de noviembre en la ciudad de Lima. La ceremonia de inauguración contó con la participación de Sergio Espinosa, superintendente de banca, seguros y AFP, y Elio Sánchez, superintendente adjunto...

November 6, 2024
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06Nov

US. What Changes Might a Trump Presidency Make to Retirement Regulations?

Given the results of the U.S. Presidential Election, certain regulatory items at the Department of Labor will likely be modified or abandoned altogether. These include DOL initiatives on environmental, social and governance (ESG) investing, investment advice fiduciary standards, qualified professional asset manager (QPAM) eligibility, and the definition of independent contractor; while others, such as efforts to promote employee stock ownership plans (ESOPs) will likely continue. ESG Factors Most industry observers agree that the Biden ESG rule is in trouble, but there is...

November 6, 2024
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06Nov

Top Global Pension Funds Allocated $708bn to Private Equity

Global pension funds continue to increase their allocation to private equity, with the top 20 global pension funds with the largest dollar allocation to private equity devoting a total of $707.6 billion to the asset class so far in 2024. S&P Global Market Intelligence data revealed that the Canada Pension Plan Investment Board (CPPIB) has the largest allocation at $143.9 billion, representing more than 24% of its total assets. This was followed by the California Public Employees’ Retirement System with a $83.5...

November 6, 2024
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06Nov

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...

November 6, 2024
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06Nov

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...

November 6, 2024
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05Nov

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...

November 5, 2024
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