May 2024

UK. Quarter of asset managers use AI in sustainability process

More than a quarter of asset managers are already using artificial intelligence in their sustainability processes. Aviva Investors' annual asset manager survey found 56 per cent had seen an increase in client interest in sustainability-focused investments, compared with 16 per cent who had seen a decrease in appetite. The survey spoke to 60 asset managers from around the world, representing £31.9tr. While 27 per cent of the managers said they already use generative AI in their sustainability process, a further 29 per cent...

Colombian House of Representatives to resume debate on pension reform

The Seventh Commission of the House of Representatives of Colombia will reopen the third debate on the pension reform presented by the Government that seeks to benefit thousands of elderly people in the country. 37 articles submitted to a vote were approved on Tuesday, with 17 votes in favor and four against, which means that approximately 39 percent of the proposal has the legislators’ approval. Although some congressmen from opposition parties such as Cambio Radical and Centro Democrático asked for time...

Dutch fund PGB ups ESG ante for a livable world

PGB Pensioendiensten, pension provider for Pensioenfonds PGB (PGB), the Netherlands €32 billion industry-wide pension fund, has rewritten its sustainable investment strategy. Backstopped by a new purpose to invest in a “liveable world” it has positioned investing sustainably at the centre of its strategy rather than as an “afterthought.” “For us, sustainability is an inseparable part of all our investments. We make an integrated assessment between return, risk, costs, and sustainability with every investment,” states the pension fund. The recently published strategy is rooted...

UK. Reforms to ‘unlock’ pension savings must not undermine financial stability, IMF warns

By Sophie Smith   Reforms to unlock pension savings for higher-return investments should not undermine financial stability or pensioner outcomes, the International Monetary Fund (IMF) has said, also emphasising the need for broader pension adequacy improvements. In its concluding statement on the UK, the IMF argued that while there is a clear economic rationale for consolidating small pension funds, and potential benefits from encouraging the sector to invest more in higher-growth assets, realising these outcomes will take time and persistent efforts. For instance,...

Perfil del ahorrador mexicano: ¿quién puede ahorrar más en nuestro país?

El Diagnóstico del ahorro en México de Vanguard, empresa de asesoramiento financiero, en colaboración con el observatorio económico Mexico, ¿cómo vamos? hizo una revisión del panorama general del ahorro para responder preguntas como ¿quién ahorra en México?, ¿quién puede ahorrar en México? y ¿quién podría ahorrar más en México? Los resultados recientemente publicados revelan datos interesantes: La población que ahorra en México ha crecido 7.8 puntos porcentuales, entre 2012 y 2021, al pasar de 50.8% de la población en 2012 a 58.6% de...

Colombia. Se aprobaron 37 artículos de la reforma pensional en la Comisión Séptima de la Cámara

Tras varias horas de deliberación en la Comisión Séptima de la Cámara de Representantes, se adelantó un nuevo debate de la reforma pensional en el que sometieron a votación 37 de los 95 artículos de dicho proyecto. A través de su cuenta de X, el representante del Centro Democrático, Andrés Forero, expuso: “fue aprobada la ponencia de la reforma pensional en la Comisión VII de la Cámara de Representantes de Colombia con 4 votos por el ‘No’ y 17 votos por el ‘Sí'”. Además, agregó que “solo el Centro...

Chile. Policías y gendarmería reciben 3,3 veces la pensión de trabajadores que cotizaron 30 años

Datos que ponen en perspectiva la brecha entre el promedio de pensiones de funcionarios de las Fuerzas Armadas y policías y los trabajadores cotizantes en sistemas de AFP fueron entregados esta semana por los resultados del estudio “Pensiones por la fuerza” de Fundación Sol. A 2023, el promedio de las pensiones de retiro para agentes de las Fuerzas Armadas es de $1.388.969. En contraste, el monto que recibe un pensionado común en sistema de AFP o seguro de vida es de $430,318. Para los trabajadores que cotizaron entre...

Argentina. Las jubilaciones y pensiones aumentarán un 8,83 por ciento en junio

ANSES informa que en junio las jubilaciones y pensiones aumentarán un 8,83 por ciento tomando como referencia el Índice de Precios al Consumidor (IPC) de abril. Además, los titulares de jubilaciones y pensiones mínimas cobrarán un bono de 70 mil pesos, por lo que ningún jubilado o pensionado recibirá menos de 276.931,10 pesos el próximo mes (206.931,10 pesos de haber mínimo con aumento + 70 mil pesos de bono). En tanto, quienes tengan haberes inferiores a esa cifra tendrán un bono proporcional hasta alcanzarla. Además, en junio cobrarán...

US. NYC Pension to Invest $60 Million to Preserve Cheap Housing

New York City’s $86 billion pension fund for civil employees is investing in a nonprofit-led partnership that took on property loans tied to rent-controlled and rent-stabilized apartment buildings from the failed Signature Bank. New York City Employees’ Retirement System, or NYCERS, will invest as much as $60 million in a partnership, led by the Community Preservation Corp., that will preserve nearly 35,000 rent-stabilized units affected by the Signature Bank’s sudden collapse last March, city Comptroller Brad Lander said Tuesday. The...

UK. Equality regulator probing DWP over treatment of disabled benefits claimants

The equality regulator is investigating the Department for Work and Pensions over suspicions that its treatment of disabled benefits claimants broke equality laws. Work and Pensions Secretary Mel Stride and some of his predecessors are suspected to have violated the Equality Act 2010 while in charge of the DWP, the Equality and Human Rights Commission (EHRC) said on Wednesday. The regulator is looking at whether during health assessment determinations, which form part of the application process for some benefits, the DWP...