July 2024
30Jul

Scammers are targetting older americans and their retirement savings

For nearly three months, Barry Heitin, a 76-year-old retired lawyer, thought he was part of a government investigation that felt like something out of the movies. He was actually assisting criminals in stealing hundreds of thousands of dollars — of his own money. Last fall, he spent just about every weekday doing the legwork and making withdrawals from his bank accounts as part of an intricate scam: He believed he was helping the feds safeguard his money and catch thieves...

July 30, 2024
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30Jul

New superfund guidance reshapes UK pension management

The UK’s Pensions Regulator (TPR) has unveiled updated guidance for superfunds, introducing pivotal changes that accountants and financial planners must heed. The guidance, released on Friday, marks a significant shift in TPR’s approach to capital release and scheme management, potentially unleashing a wave of innovation in the pensions market. At the heart of the update is a change to capital release rules. Previously restricted to benefit buyout scenarios, superfunds can now release capital up to twice yearly, subject to meeting specific triggers and...

July 30, 2024
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30Jul

US. Michigan joins Wisconsin pension fund with bitcoin investment

When the Securities and Exchange Commission approved bitcoin exchange-traded funds, one of the questions after the approval was whether institutional investors would now be more comfortable investing in the cryptocurrency using those vehicles. It joins its neighboring swing-state retirement fund in investing in the cryptocurrency. The State of Wisconsin Investment Board previously has shown up in the top shareholder lists for the iShares Bitcoin Trust and the Grayscale Bitcoin Trust . The Jersey City, N.J., pension fund is looking to invest...

July 30, 2024
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30Jul

Ghana’s Constitutional Conundrum: A call for reform

By Joseph Bagah   Ghana’s constitutional framework has been a subject of concern, and a lot of brainstorming has gone on for many years. The practice where Members of Parliament (MPs) play dual roles or serve multiple positions as Ministers has raised questions about whether conflict of interest situations do not arise and the lines between Legislative and Executive blurred. This concentration of power has resulted in a lack of accountability and transparency in governance perpetuating a system where those who...

July 30, 2024
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29Jul

México. En junio de este año, plusvalías de Afores alcanzan los 101 mmdp

Durante el mes de junio del 2024, las Administradoras de Fondos para el Retiro (Afores) lograron las mayores plusvalías o ganancias en lo que va del año, con 101 mil 625 millones de pesos. Estas ganancias superan incluso las registradas en el mes de mayo del mismo año, que ascendieron a 82 mil 830 millones de pesos, lo que representa, en un 18.5 por ciento más. Con este saldo, en los primeros seis meses del año las Afores lograron acumular plusvalías por...

July 29, 2024
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29Jul

Chile. “El sistema no se ha acabado, está totalmente vigente”: José Piñera reaparece defendiendo el sistema de AFP y con críticas al gobierno

Desde ya hace mucho tiempo que el economista no da entrevista y sus apariciones públicas son cada vez más escasas. De hecho, la última vez que se le había visto, fue para el funeral de su hermano Sebastián, en febrero del 2024. El pasado 11 de junio, el economista, José Piñera -hermano del fallecido expresidente Sebastián Piñera– reapareció en el Yacht Club de Puerto Madero para participar de una charla convocada por el Instituto Cato de Argentina. Su participación, dada a conocer recién este viernes 26 de...

July 29, 2024
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29Jul

Puerto Rico. Jubilados exigen al gobernador Pedro Pierluisi que firme medida para aumentar sus pensiones

Decenas de jubiladas y jubilados del gobierno de Puerto Rico llegaron este domingo hasta la calle de La Fortaleza en el Viejo San Juan para reclamar la firma del gobernador Pedro Pierluisi al Proyecto de la Cámara (PC) 2038, una medida legislativa que, de convertirse en ley, concedería a los pensionados un incremento de hasta $300 mensuales. “El mensaje que le estamos llevando al gobernador es que llevamos ya 17 años sin ningún tipo de aumento y sí muchos recortes”, subrayó Pedro Pastrana Ortiz, del...

July 29, 2024
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29Jul

UK. Lifetime annuity rates rise to over 7% in June

Lifetime annuity rates have continued to improve in 2024, rising to 7.08 per cent in June for a healthy 65 year old, according to the Standard Life Annuity Rate Tracker. This is around a 4 per cent increase from the average rate of 6.81 per cent in January and a 2.64 per cent improvement from 6.9 per cent in March. This would add an extra £3,659 to the average total lifetime income for a 65 year old man and £4,059 to...

July 29, 2024
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29Jul

Japanese pension funds tiptoe into moonshot tech investments

Tokyo-based Beyond Next Ventures’ latest startup fund is 56% bigger than its predecessor, thanks to growing interest from the country’s traditionally risk-averse pension funds. Of the ¥25.7 billion ($160 million) the company raised for bets on cutting-edge tech and research startups, 20% came from trustees handling annuities and other long-term investments, according to the company. It’s one of the first signs that a trickle of money from the aging economy’s $$3.3 trillion’ worth of pension assets is going into the...

July 29, 2024
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29Jul

US. The No. 1 enemy of your 401(k) plan may be you

Here's the truth about the portfolio strategy you might be following When the stock market did a face-plant earlier this week, I went and checked some numbers. And I thought: Yep. Like clockwork. Yep: Individual investors have been feeling bullish. Yep: Joe and Jane Q. Public have been pouring money into the stock market - after this year's big run-up. The Investment Company Institute reports a surge of buying of mutual funds and exchange-traded funds that invest in U.S. stocks in the...

July 29, 2024
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