October 2024
21Oct

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...

October 21, 2024
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21Oct

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...

October 21, 2024
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21Oct

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...

October 21, 2024
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18Oct

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...

October 18, 2024
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18Oct

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...

October 18, 2024
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18Oct

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...

October 18, 2024
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18Oct

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...

October 18, 2024
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18Oct

The world isn’t prepared for an aging population – but it’s actually a huge opportunity

By the year 2047, the global population will have more people in retirement age than young people The global population is aging, and no country, company or government is fully prepared to handle, and potentially benefit from, that demographic shift. The economic power wielded by older adults, already considerable in terms of their spending patterns, will only increase in the coming years, and the companies and regions that adapt to this growing market will be best positioned to succeed - and...

October 18, 2024
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17Oct

México. Retiros por desempleo de las Afores subieron durante septiembre

Durante septiembre, los retiros por desempleo de las Administradoras para el Retiro (Afores) subieron respecto a agosto, pero estuvieron por debajo del nivel que registraron antes de que la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar) implementara controles para limitar el flujo de retiros. En el noveno mes del año, los retiros por desempleo de las Afores ascendieron a 2,125.4 millones de pesos, un incremento de 36% respecto al mes inmediato anterior. No obstante, la cifra de septiembre...

October 17, 2024
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17Oct

Perú tiene el segundo peor sistema de pensiones en Latinoamérica: ¿Cómo ayudará la reforma previsional?

En Perú, el sistema de pensiones ocupa una preocupante posición dentro de América Latina, según el Índice Global de Pensiones Mercer CFA Institute (MCGPI) elaborado por Marsh McLennan. Nuestro país ocupa el puesto 37 a nivel mundial, superando ligeramente a naciones como Turquía, Indonesia y Argentina. No obstante, es importante tener en cuenta que el estudio no incluye la reciente reforma previsional que fue aprobada por el Congreso de la República bajo la Ley 32123, estipuló una serie de cambios, como el incremento de la pensión mínima tanto para el sistema nacional como...

October 17, 2024
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