July 2024
12Jul

Chile. Fondo A de las AFP lideró traspasos en mayo

Un total de 82.616 traspasos entre multifondos se registraron en mayo, representando una caída de 13,7% respecto de abril y un aumento de 2,3% sobre el mismo mes del año anterior, según Ciedess. Del total de traspasos, la consultora detalló que el 40% correspondió a cambios en la misma AFP y el 60% restante a movimientos hacia otra entidad. El total de estos movimientos involucraron montos de $ 1.469.042 millones, equivalentes al 0,9% de los fondos de pensiones administrados en dicho...

July 12, 2024
Noticias,
Read more...
12Jul

Brasil. Empleados del INSS hacen huelga y piden ajuste salarial

Los empleados del Instituto Nacional de Seguridad Social (INSS), vinculado al Sindicato de Trabajadores de la Seguridad Social y de la Seguridad Social del Estado de São Paulo, iniciaron un paro nacional el miércoles (10). La huelga se produce por falta de acuerdo con el gobierno federal sobre ajustes salariales, y afecta tanto a quienes trabajan presencialmente en agencias como a quienes laboran en oficina en casa. El cierre puede afectar el análisis del otorgamiento de beneficios como jubilaciones, pensiones, Beneficio...

July 12, 2024
Noticias,
Read more...
12Jul

US. DOL may review ‘derisking’ pension risk transfers, says congressional report

A recent Department of Labor report to Congress reaffirming current fiduciary standards for selecting annuity providers in defined benefit pension plans also includes notice that it may review the increasingly common, and controversial, practice of companies transferring pension risks to life insurers, commonly known as “derisking.” The report by the DOL’s Employee Benefits Security Administration (EBSA), which was mandated by 2022’s SECURE 2.0 Act, reviews its 1995 Interpretive Bulletin 95-1 that outlined the responsibilities of fiduciaries under the Employment Retirement Income Security...

July 12, 2024
News, ,
Read more...
12Jul

UK. State pensioners issued major update over DWP starting to ‘means testing’

State pensioners have been told the Department for Work and Pensions (DWP) State Pensions payments "can't be means tested". A former DWP employee says means-testing will never happen due to the complexity of the contributory benefit. The insider told the Daily Record: “What is overlooked is the fact that people pay cash into the State Pension scheme in the form of Voluntary Contributions. So you are not going to pay cash into a scheme unless you are entitled to the payment of...

July 12, 2024
News, ,
Read more...
12Jul

South Asia’s ‘youth bulge’ masks aging population

Zahirul Islam, a 52-year-old cafe manager in Dhaka, Bangladesh, has worked all his life supporting his family, with little to save for old age. Facing retirement at 59, Islam expects to work for another seven or eight years before holding down a job becomes unfeasible. "Then, it may not be possible to continue working," he said in an interview with VOA. In eight years, Islam turns 60, joining Bangladesh's growing population of older people. With little savings and no pension plan, he...

July 12, 2024
News, ,
Read more...
12Jul

Unfunded U.S. public pension liabilities fall for fourth year in a row — Moody’s

Unfunded liabilities for U.S. state and local pension plans fell for a fourth year in a row to around $2.5 trillion as of June 30, a plunge of almost 60% from a historic high of $6 trillion in 2020, according to a July 9 report from Moody’s Ratings. Strong market returns for the latest year contributed to that progress, with investment gains of almost 11% topping public fund target returns of between 6.75% and 7.25%. But higher interest rates did the...

July 12, 2024
News,
Read more...
11Jul

Chile. Reforma previsional: Cristóbal Huneeus aclara que no hubo consenso en mesa técnica en concepto de “solidaridad” para subir pensiones a actuales jubilados

Este lunes la comisión de expertos para la reforma previsional que se formó con un representante de cada senador que integra la Comisión de Trabajo, además de representantes del gobierno, terminó el informe técnico que servirá como insumo para el mundo político para ver si se logra llegar a un acuerdo en este proyecto. Quien actuó como coordinador fue el asesor del Ministerio del Trabajo y Previsión Social, Cristóbal Huneeus. El ingeniero civil industrial de la Universidad de Chile y...

July 11, 2024
Noticias,
Read more...
11Jul

Colombia. Gustavo Petro salió a defender su reforma pensional: ”Es la conquista más importante del pueblo trabajador”

El presidente Gustavo Petro anunció la sanción de la reforma pensional el próximo 16 de julio, calificándola como un logro para los trabajadores colombianos. “Es la conquista más importante del pueblo trabajador”, dijo el mandatario. En su alocución del martes 9 de julio, el jefe de Estado destacó el impacto de esta ley, afirmando que dignificará la vida de quienes han trabajado toda su vida sin haber cotizado formalmente al sistema de pensiones. “Es una nueva ley con la que garantizamos...

July 11, 2024
Noticias,
Read more...
11Jul

70% of U.S. employers say benefits critical to attraction, retention efforts: report

Nearly three-quarters (70 per cent) of U.S. employers say their company’s benefits package is critical to attracting and retaining the best workers, according to a new report by LIMRA. It found half (51 per cent) of employers believe their company will be offering more benefits in the future than it does today and another six in 10 (61 per cent) said their employees will expect a wider variety of benefits options. Indeed, many employees — especially middle-income workers, younger workers and those...

July 11, 2024
News,
Read more...
11Jul

UK. Wish list for new Pensions Minister

The new pensions minister, Emma Reynolds, must address the key challenges of adequacy, sustainability and intergenerational fairness facing the industry and the millions of savers across the UK as a priority, says Hymans Robertson. The leading pensions and financial services consultancy also says, it would like to see the new government deliver on the key pensions’ initiatives that are underway as the firm lays out its pensions policy wish list. Commenting on the need for rapid action from the new...

July 11, 2024
News,
Read more...