March 2024

México. Ahorro y retiro de la mujeres en México: Estas son las cifras de otra brecha de género

En México, el ahorro para el retiro entre las mujeres presenta diferencias significativas en comparación con los hombres, lo que refleja no solo desigualdades económicas, sino también retos y oportunidades específicas para el sector femenino. Diversas fuentes evidencian los factores que contribuyen a esta disparidad en el ahorro para el retiro y proponen soluciones para lograr un futuro más equitativo para las mujeres en México. Aquí un panorama del ahorro y el retiro de las mujeres en México. Desigualdad en el...

Panamá necesita atender el déficit de la CSS, según el FMI

Reducir el gasto, aumentar los ingresos fiscales, ampliar la base imponible, aumentar los impuestos y abordar el déficit en el componente de beneficio definido de la Caja del Seguro Social (CSS), son algunas de las recomendaciones planteadas en su último informe del Fondo Monetario Internacional (FMI) sobre las finanzas públicas de Panamá. En un documento titulado: “Panamá: Declaración Final de la Misión de Consulta del Artículo IV de 20242, señala que “la reducción de la inversión pública no proporcionaría una...

US. More households are prepared for retirement – but this good news might not last

Even with the improvement, two out of five households are still at risk, according to the National Retirement Risk Index. The release of the Federal Reserve's 2022 Survey of Consumer Finances (SCF) offers an opportunity to reassess Americans' retirement preparedness as measured by the National Retirement Risk Index (NRRI). The NRRI estimates the share of American households that are at risk of being unable to maintain their preretirement standard of living in retirement. Constructing the NRRI involves three steps: 1) projecting a replacement...

UK. Updated: Risk of ‘unintended consequences’ from DC pension reforms

Plans to force defined contribution (DC) schemes to publicly disclose their level of investment in the UK and improve the performance of poorly performing schemes could risk having “unintended consequences” – causing plans to become more risk averse and potentially “compromising” trustee fiduciary duties. On Saturday (2 March), chancellor Jeremy Hunt announced proposals to require DC funds to disclose their levels of investment in British businesses, as well as their costs and net investment returns. He said they would also need...

Aging Korea needs foreign caregivers: report

South Korea should come up with various measures to attract foreign nationals to work here as care workers, as the country faces a shortage in the sector to care for its rapidly aging society, a report by the Bank of Korea argued, Tuesday. The cost of hiring a care worker at a nursing home or other facilities was estimated at 3.7 million won ($2,775) per month as of last year, according to the report titled “Measures to alleviate the care...

US. Pension Funds Are Tapping Affordable Housing for High Returns — Not the Social Benefits

While affordable multi-family housing has become a key part of some pension funds’ real estate allocations, most of these funds are selecting investments that don’t have long term affordability in mind. This is according to new research from the Federal Reserve Bank of New York. The FRBNY has embarked on a research project to explore investments by institutions, specifically state pension plans, in multifamily housing. This is the second in a series of papers on the subject. The first, “Alternative...

Switzerland votes against increasing the retirement age. What are the retirement ages around the world?

Swiss nationals have voted in favour of increasing their state pension by an extra month every year. The nationwide referendum saw Swiss voters take to the ballot box to discuss issues on living standards for the elderly. Around 60 per cent of the nation voted in favour of providing the additional payout each year, while simultaneously refusing to raise the retirement age from 65 to 66. At present, the maximum monthly state pension is €2,550 (£2,180; $2,760) but the cost of living in Switzerland has dramatically...

México. Candidata a la presidencia asegura que Afores no están en peligro por reforma de pensiones

La candita presidencial de Morena, Partido del Trabajo (PT) y el Partido Verde, Claudia Sheinbaum Pardo, aseguró que los sistemas de las Administradoras de Fondos para el Retiro (Afores) no corren peligroante la iniciativa de reforma del sistema de pensiones propuesto por el presidente Andrés Manuel López Obrador (AMLO). En conferencia de prensa desde Guadalajara, Jalisco, de hoy domingo 3 de marzo, Claudia Sheinbaum aclaró que las Afores no desaparecerán ni tendrán cambios ante la posible aprobación de la reforma...

Colombia. La oposición frena el avance de la reforma pensional de Gustavo Petro en el Congreso

Por Juan Miguel Hernández Bonilla La reforma pensional del Gobierno está estancada en la plenaria del Senado. La oposición al presidente Gustavo Petro ha logrado frenar en seco el avance del articulado que busca cambiar el sistema pensional colombiano para reforzar la presencia del fondo público y ayudar a garantizar el derecho a la pensión de más de dos millones y medio de adultos mayores pobres. Este miércoles, el Centro Democrático y Cambio Radical han roto el cuórum decisorio, la...

U.K. pension funds to disclose domestic investment as London stock market falters

Chancellor Jeremy Hunt on Saturday said U.K. pensions will have to disclose how much they have invested domestically, in a move meant to boost the faltering U.K. stock market. Under the plan, defined contribution funds by 2027 will have to disclose their level of investment in British businesses, as well as their costs and net investment returns. Hunt said the proposal will first be reviewed by the Financial Conduct Authority. Pension funds also will have to disclose how they performed against...