June 2024

El Salvador. La deuda con el Fondo de Pensiones ya supera los $10,000 millones

La deuda del Gobierno con el Fondo de Pensiones superó en abril el hito de los $10,000 millones, según datos del Banco Central de Reserva (BCR). El saldo, en concreto, es de $10,012.16 millones. Desde que se aprobó la última reforma de Pensiones, en diciembre de 2022, el Gobierno ha tomado $1,615.88 millones, a un ritmo de más de $100 millones al mes. Desde 2023, la administración de Nayib Bukele puede tomar dinero del fondo, sin ninguna restricción, a través...

How Sustainability Disclosures and Regulations Benefit Investors

There are several regulations and disclosure requirements aimed at meeting sustainability and greenhouse gas reduction targets worldwide that investors will need to understand and from which they can hopefully benefit. Asset owners representing trillions in assets have pledged to mandate things such as sustainable, carbon-neutral portfolios and divestments from carbon producers. For example, the U.N.’s Net-Zero Asset Owner Alliance represents 69 asset owners with $8.4 trillion in assets under management with a target of achieving net-zero portfolios by as late as...

US. Here’s How Every Generation Views Retirement in 2024, From Gen Z to Baby Boomers

Different generations might have different viewpoints about retirement based on their values and experiences, but one thing just about every age group agrees on is that you need a lot of money to retire comfortably in the United States. A study released earlier this year by Northwestern Mutual found that every generation except boomers believes it takes over $1 million to retire comfortably. The average retirement savings target is $1.46 million. Here’s how it breaks down by generation: Gen Z: $1.63 million Millennials: $1.65 million ...

Ghana. Organised Labour demands complete restructuring of SSNIT

Organised Labour is demanding an amicable resolution to the usage of workers’ funds by the Social Security and National Insurance Trust (SSNIT). According to Organised Labour, the recent actions and inaction of SSNIT leave much to be deserved. The Executive Secretary of the Civil and Local Government Staff Association of Ghana (CLOGSAG), Dr. Isaac Bampoe-Addo, said Organized Labour will be in a better position to manage its pensions than SSNIT. “We are not convinced, and we tell them [SSNIT] in plain language...

More than half of investors plan to boost alternatives — survey

More than half of investors (55%) plan to increase their alternative investment allocation over the next five years, according to survey by analytics provider Clearwater Analytics. Thirty-five percent of investors indicated they plan to increase alternative investment allocations based on current market conditions, while 6% plan to decrease their alternative investment allocations. “As investors continue to scan the alternatives market for opportunities, numerous challenges and trends have come into closer view," said Scott Erickson, chief revenue officer at Clearwater Analytics, in...

Perú. Trabajadores menores de 40 años no podrán retirar el 95,5% de su AFP, según reforma de pensiones

Esta semana se podría determinar el futuro del dictamen de reforma del sistema de pensiones impulsado por Fuerza Popular. Esta propuesta legislativa fue convalidada por la mayoría parlamentaria el pasado jueves 30 de mayo en el Pleno del Congreso, por lo que está pendiente una segunda votación para que sus alcances entren en vigor. Uno de ellos es la creación de una pensión por consumo a partir de aportes de hasta el 1% del Impuesto General a las Ventas (IGV). Además, se plantea la elevación de...

Chile. Oposición advierte que Boric pone en riesgo la construcción de acuerdos en pacto fiscal y reforma previsional

Chile Vamos hizo un llamado a "no pisar el palito del gobierno" por el anuncio del aborto legal. “El gobierno sabe que no tiene los votos, por tanto desestimo un mayor impacto. Por el contrario, puede terminar por ampliar la oposición”, dijo el senador Luciano Cruz-Coke. La cautela de esa coalición contrastó con la estrategia más agresiva tomada por los republicanos, quienes incluso no permitirán el ingreso de subsecretarios a las comisiones legislativas de la Cámara. “Lo del aborto fue...

The grass isn’t greener for U.K employees as majority prefer to stay in their current jobs

Amidst a cost-of-living crisis, and global political unrest, UK employees are turning to their employers for a sense of security. A comprehensive survey by leading global advisory, broking and solutions company, WTW, found a majority (54%) of employees are choosing to stay with their employers, ending a period of intense job turnover and attraction and retention challenges for employers. This is a significant change from 2022 when only 45% of employees were committed to staying with their employers. Moreover, only...

10 of America’s most affordable retirement spots, where the weather is good and healthcare is top-notch

Realtor.com ranked top retirement spots based on home prices and amenities for older residents. Florida is a popular retirement destination, but California and New Jersey had a few in the top 10. Many seniors face financial constraints and depend on Social Security for retirement. As many Americans prepare to retire, many are wondering just how far their finances can take them. After all, a majority of seniors live on meager incomes, and many are reliant on ever-imperiled Social Security. But for the workers who have put in...

Discussions on Japan pension reform must respond to anxiety about future

Deliberations on Japan's pension reform in 2025 are in full swing at a council of the Ministry of Health, Labor and Welfare. The future vision of the country's public pensions that support people's lives in their old age is being called into question. The public pension system consists of a two-tier structure -- the national pension and employees' pension, with the latter covering company workers and others. The national pension is the basic portion that is common to all people,...