July 2024
09Jul

Chile. Jara y timing para votar reforma de pensiones: “Parecería razonable que esto se pudiera resolver esa última semana de julio”

  La ministra del Trabajo y Previsión Social, Jeannette Jara, definió este lunes los pasos a seguir para alcanzar un acuerdo en el marco de la reforma previsional. “Lo que está ocurriendo en este momento es que los técnicos están definiendo los últimos detalles del acuerdo parcial al que se llegó el jueves de la semana pasada. Y posterior a eso, más que votar, vamos a tener una serie de conversaciones políticas que nos permitan poder seguir avanzando”, reveló la autoridad. Jara expresó que “es una...

July 9, 2024
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09Jul

Así es como las plataformas digitales de inversión están captando los ahorros de los peruanos

Las plataformas y apps para invertir en acciones de la BVL y en fondos mutuos afinan sus estrategias para captar parte de los millones de soles provenientes de los retiros de AFP y CTS. La expectativa es que esta coyuntura les dé un impulso a sus ya promisorias proyecciones de crecimiento, con apps como Trii y Tyba expandiendo exponencialmente su base de usuarios. Para las plataformas digitales de inversión se presenta una oportunidad fuera de lo común en el Perú...

July 9, 2024
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09Jul

US. Employer group urges Congress to increase retirement plan awareness for gig workers

In response to a request for information on June 5 from Senator Bill Cassidy (R-LA), ranking member of the Senate Health, Education, Labor and Pensions (HELP) Committee, for ways to allow gig workers access to retirement benefits, the American Benefits Council (ABC) has responded. The employer group sent a letter, including suggestions introduced in the SECURE 2.0. legislation, as well as pooled employers plans (PEPs) established by Congress. "The vast majority of independent workers prefer alternative work arrangements to traditional...

July 9, 2024
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09Jul

UK. Three things the new Labour govt must do for pensions

Three things need to be put at the top of Labour's list for solving the UK's pension problem, Aviva's Alistair McQueen has said. The head of savings and retirement for Aviva told FT Adviser he welcomed the reforms outlined by new chancellor Rachel Reeves this morning (July 8) but said the pensions profession was not hoping for "any new, flashy ideas." "The three priorities should be to implement the 2017 auto-enrolment reforms, implement the pension dashboard, and conclude the advice/guidance boundary review." According to McQueen,...

July 9, 2024
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09Jul

Nigeria. Pension fund assets increased to N20.22trn in May 2024, says PenCom

The National Pension Commission (PenCom) says total pension fund assets increased to N20.22 trillion in May 2024. This is an increase of 2.23 percent compared to the N19.78 trillion recorded in April 2024, according to PenCom’s data on the pension funds industry portfolio for the period ended May 31. The commission’s data showed that 63.22 percent or N12.78 trillion of the total funds were invested in federal government securities, comprising bonds and treasury bills. PenCom said about 10.83 percent of the funds were invested in...

July 9, 2024
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09Jul

US. Retirement Readiness Confidence Robust

Confidence in financial readiness to retire is robust, despite the vagaries of inflation and other economic factors and the after-effects of the pandemic.  And that confidence is especially attuned to participating in a retirement plan. The Employee Benefit Research Institute (EBRI) in its 2024 Retirement Confidence Survey reports much strong confidence. However, it’s more than twice as high among those with retirement plan coverage than among those who lack it. Among respondents who are covered by a retirement plan, 77% of...

July 9, 2024
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09Jul

Group of Canadian pension fund giants urges CSSB to reconsider exemptions from sustainability reporting

Canadian pension funds question CSSB's proposed exemptions and call for global standards. Investors highlight the importance of consistent sustainability reporting. Pension funds warn that exemptions could undermine global alignment and investor confidence. A coalition of major Canadian pension funds has submitted a letter to the Canadian Sustainability Standards Board (CSSB), urging it to reconsider proposed exemptions for sustainability reporting. This initiative underscores the critical need for global consistency and alignment in sustainability disclosures. The letter is signed by representatives of the following...

July 9, 2024
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08Jul

México. Trabajadores tienen en sus cuentas individuales de las Afore 6.15 billones de pesos

En 27 años, más de la mitad de los recursos en las cuentas individuales de los trabajadores en México son producto de los rendimientos por invertir en los mercados financieros. El Sistema de Ahorro para el Retiro (SAR) cumple 27 años de su creación, con un patrimonio por 6.15 billones de pesos, equivalente a 19.10 por ciento del producto interno bruto (PIB) nacional y representan 30.94 por ciento del ahorro interno. Las 10 administradoras de fondos para el retiro (Afore) que...

July 8, 2024
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08Jul

Colombia. Reforma pensional: nuevas reglas dan protagonismo a las aseguradoras

El papel de las aseguradoras en el nuevo sistema pensional propuesto por el gobierno de Gustavo Petro ganó protagonismo. La reforma introduce cambios significativos en la manera en que se cubrirán los riesgos de invalidez y sobrevivencia para todos los afiliados, estableciendo nuevas reglas de juego. Durante el proceso legislativo, la Federación de Aseguradores Colombianos (Fasecolda) expresó su apoyo a la reforma, aunque con reservas, calificándola como un “paso en la dirección correcta”. Según Fasecolda, era preferible aprobar el proyecto antes...

July 8, 2024
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08Jul

UK. The Pensions Regulator to challenge master trusts on investments

The Pensions Regulator will shift its focus onto the making sure master trust investments deliver for savers, now it has taken regulatory responsibility of these vehicles. The growth of master trusts has been driven by the introduction of automatic enrolment in 2012 and in 2018 the Government introduced a regulatory framework which meant only master trusts authorised by TPR were permitted to operate. Neil Bull, TPR’s executive director of market oversight, said following the completion of this process the regulator would...

July 8, 2024
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