September 2024

Argentina. El Gobierno fijó un nuevo aumento para las jubilaciones a partir de octubre

Luego de que el se vetara la reforma jubilatoria, el gobierno nacional oficializó un nuevo aumento para las jubilaciones que regirá a partir de octubre. Se espera que a estos nuevos montos se le sume el bono de $70.000, el cual queda por confirmar tal como viene haciendo el Gobierno desde marzo pasado. A través de la resolución 798/2024 de la Administración Nacional de la Seguridad Social (Anses), que fue publicada este lunes en el Boletín Oficial, el Gobierno aumentó la jubilación mínima de $234.539 a $244.320,56. A su...

The U.S. Retirement System Will Fail Most Future Retirees

Careful research by Ph.D economists concludes America faces a huge retirement shortfall. We are about eight to nine years away from Social Security's inability to pay full benefits; all boomers are past age 60, and the typical Gen Y and Millennial is predicted to do a little worse or much worse than the cohorts of their big brothers, sisters, and parents. The erosion in retirement security is worse for the bottom 60% or so of the earnings distribution. Yes,...

Swiss Voters Shoot Down Government’s Pension-Fund Reform

Swiss voters rebuffed a government plan to reform company pension funds, marking the second time this year that a proposal to adapt the country’s retirement system to changed demographics was rejected in a plebiscite. The bill to increase wage deductions and reduce retirement payouts — in order to cope with higher life expectancy — was supported by just 32.9% of the electorate, according to final government results published on Sunday. “Now we stick with the status quo,” Switzerland’s leading business lobby...

Sustainable Investing Pursuing Differentiated Paths

“Sustainable investing” has entered the financial lexicon. More investors have adopted it as the preferred term to describe their approach to incorporating the material impacts of environmental, social and governance factors on their investments. But with the proliferation of diverse sustainable approaches available today, it can mean different things to different participants in the institutional investment world. Thomas Kuh, head of ESG strategy at Morningstar Indexes, broadly defines sustainable investing “as an overarching category that includes climate, ESG and impact....

UK pension fund Nest agrees tie-up to invest up to £1bn in build-to-rent

The UK’s state-backed pension scheme has agreed a tie-up with insurer Legal & General and Dutch pension fund manager PGGM to invest up to £1bn in build-to-rent properties, in a deal hailed by the UK government as an example of how the country’s retirement savings can be directed towards its homebuilding effort. The groups are today announcing a partnership with an initial £350mn commitment of combined investment, expected to grow to £1bn in the coming years, to build and manage...

México. Cae 83% la entrada de ahorro voluntario a las Afores durante agosto

El ahorro voluntario es un recurso poco aprovechado por los trabajadores mexicanos, debido a factores como la poca cultura del ahorro que hay en México. La entrada de ahorro voluntario a las Administradoras de Fondos para el Retiro (Afores) cayó 82.65% en agosto del 2024 en comparación con julio, de acuerdo con datos de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). En el octavo mes del año, de ahorro voluntario entraron 538.4 millones de pesos a las...

España. Las jubilaciones anticipadas caen un 20% tras la reforma y ya son menos de un tercio de las nuevas pensiones

La primera parte de la reforma de las pensiones empieza a revelar el impacto de las medidas implantadas en su tercer año de funcionamiento. Es el caso del nuevo esquema de coeficientes reductores para la jubilación anticipada que entró en vigor en 2022 y que si bien sólo endureció los supuestos en los que se anticipa el retiro el máximo tiempo posible, entre los meses 24 y 23 en los que se aplican recortes de hasta el 21%, ha logrado que el uso...

US. House passes anti-ESG package of bills

House Republicans passed two pieces of anti-ESG legislation in just as many days, culminating in what the party has dubbed “woke week.” The topic is essentially a continuation of the GOP’s long-running anti-ESG campaign, which last year featured a handful of hearings and numerous bills during “ESG month.” This week’s bills, which seek to undo rules from the Securities and Exchange Commission, the Department of Labor and others, stand virtually no chance of passage in the Senate or of getting President Joe...

81% of Citizens Worldwide Believe That Funding Their Retirement Is Their Own Responsibility

Are You Unsure if You Can Retire? Don’t Worry, the Global Retirement Index (GRI) by Natixis IM Shows Stability in Retirement Conditions Worldwide According to the latest edition of the Global Retirement Index (GRI) from Natixis Investment Managers, retirement conditions remain stable globally. After nearly all developed countries improved their scores last year, the latest findings suggest that retirement remains secure. Countries that perform best in the GRI tend to show consistent results across all sub-indices, reflecting a stabilization of global retirement prospects. The...

Canada. PSP Investments’ green assets increased to $64.9BN in fiscal 2024: report

The Public Sector Pension Investment Board has $64.9 billion invested in green assets, compared to $48.9 billion in fiscal 2023, according to the investment organization’s latest sustainability report. It found in addition to green assets, PSP Investments has roughly $11.5 billion in transition assets, defined as investments that have committed to make a substantial contribution to the low-carbon transition through the establishment of public targets and disclosure. Among PSP Investments’ portfolio companies, reported Scope 1 and Scope 2 greenhouse gas emissions data...