September 2024

Sostenibilidad, cobertura y equidad: principales desafíos de las reformas pensionales en América Latina

El año 2024 es clave para observar la discusión sobre la viabilidad de los actuales sistemas pensionales en América Latina. En Colombia y Perú el debate está a la orden del día y en algunos otros como México y Uruguay, donde ya se implementaron reformas, se empiezan a ver resultados. Por Valora Analitik para GRUPO SURA* Los sistemas de pensiones en América Latina enfrentan desafíos significativos para garantizar su sostenibilidad en el largo plazo. En 2024, varios países de la región...

US. DOL vs. IRS rules: Courts asked to decide how 401(k) plans can use forfeiture assets

What started as a small law firm filing a handful of suits against 401(k) plans' use of forfeited funds has metastasized into a broad attack on sponsors that raises questions about reducing participants' expenses. It's a trend of more law firms filing more lawsuits seeking to use Department of Labor regulations regarding fiduciary duty to supersede IRS rules. Although there are differences among the various sponsor-defendants, the general theme is the same: What can sponsors do with company contributions to a...

UK. Pension schemes should not ignore SDR

With the rollout of the FCA’s Sustainability Disclosure Regulations (SDR) now well underway, pension schemes should consider how their ESG and sustainability objectives could be impacted by the regime in the long-term, according to AXA Investment Managers (AXA IM). One of the key components of SDR is fund labelling, with qualifying asset managers having been able to use the four new sustainability labels for asset managers – Focus, Improvers, Impact and Mixed Goals – from 31 July 2024. Being a voluntary...

Korea promotes positive images of older workers amid aging population

As Korea is expected to become a super-aged society next year, with more than 20 percent of the population being 65 years or older, the government is stepping up efforts to promote positive images of older workers. The Ministry of Health and Welfare said on Monday that it will run a weeklong campaign to raise awareness of its efforts to create jobs for older adults and help improve perceptions of those who remain active in the labor market in the...

New Zealand. KiwiSaver funds break over $100b, withdrawals up by 19%

KiwiSaver investments topped $100 billion for the first time over the March year but withdrawals were up by almost 19% over the same period, the Financial Markets Authority (FMA) says in a report. The FMA’s latest KiwiSaver annual report shows funds reached $111.8 billion – up 19.3% from $93.6b in the previous year. John Horner - the FMA’s director markets, investors and reporting - said breaking through the $100b mark, for a relatively small country like New Zealand represented a “coming...

México. Afores ganan $ 8,359 mdp por gestionar ahorro de trabajadores

Las ganancias que obtuvieron las Administradoras de Fondos para el Retiro (Afore) en los primeros ocho meses de 2024 por cuidar los recursos pensionarios de millones de mexicanos aumentaron 32 por ciento de manera anual, con cifras al cierre de agosto pasado, revelan datos oficiales. De acuerdo con la más reciente información de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar), entre enero y agosto pasado las Afore reportaron una utilidad por 8 mil 359 millones de...

Colombia. Gobierno mantendrá el esquema de impuestos a pensiones sin cambios para 2025

Esto se confirmó a través de un concepto de la Dian, que ratifica el mantenimiento del régimen actual de exenciones y la aplicación mensual de las tarifas. El límite de 1.000 UVT, equivalente a unos $3,6 millones, seguirá siendo el mismo, conforme a lo establecido en la Ley 100 de 1993. Según el documento, las disposiciones vigentes, incluidas en la Ley 2381 de 2024, no alteran el tratamiento anterior ni modifican la periodicidad del cálculo de las exenciones. Se concluye que...

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...