May 2024
09May

Kenya. Pension funds cut stock holdings to 11-year low of Sh145 billion

Pension funds cut their holdings in listed shares (equities) to an 11-year low of Sh145.1 billion in the year ended December 2023, signalling reduced allocation to this asset class besides the impact of lower stock prices in the review period. New data from the Retirement Benefits Authority (RBA) shows that retirement schemes' investment in the stock market fell from Sh215.24 billion a year earlier. The disclosure of the latest holdings marked the lowest level since 2012, coinciding with the continued bear...

May 9, 2024
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09May

Swiss Parliament pushes discussion on pension funds’ cost transparency

The social security and health committee of the National Council (SGK-N), the lower house of the Swiss Parliament, has voted in favour of submitting a motion to discuss pension funds’ obligations on costs disclosure. The committee shares the view of the Swiss Federal Audit Office (SFAO), that information on administrative costs should be easily accessible and comprehensible for the general public, it said in a statement. Only a minority of the members of the committee considers the existing rules on pension funds’...

May 9, 2024
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08May

Hacienda de México revela que nuevo fondo de pensiones de López Obrador durará 10 años

El recién creado Fondo de Pensiones para el Bienestar tendrá una vida útil de hasta 10 años y servirá solo para compensar las bajas jubilaciones de una primera oleada de mexicanos que se retiran a partir de 2025, REVELÓ ESTE MARTES EL TITULAR DE LA SECRETARÍA DE HACIENDA Y CRÉDITO PÚBLICO (SHCP), ROGELIO RAMÍREZ DE LA O. “No es un fondo de pensión general, si no que es un fondo para igualar a los retirados bajo estos esquemas, a partir de la reforma de (pensiones) de...

May 8, 2024
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08May

Venezuela aprueba Ley de Protección de Pensiones de Seguridad Social en segunda discusión

La Asamblea Nacional de Venezuela (AN) aprobó por unanimidad en segunda discusión, la Ley de Protección de las Pensiones de Seguridad Social frente al Bloqueo Imperialista. La legislación resultó adecuadamente sancionada por el órgano Legislativo, de acuerdo a lo previsto el  Artículo 213 de la Carta Magna de la nación, para su envío a la Presidencia de la República, con la intención de su promulgación y entrada en vigencia. El presidente de la AN, Jorge Rodríguez, manifestó que “con la misma...

May 8, 2024
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08May

Bitcoin: ¿Un activo viable para los fondos de pensión?

Un fondo de pensiones es un plan de ahorro que se construye a lo largo de la vida laboral de una persona para asegurar un ingreso estable durante la jubilación. Funciona mediante contribuciones regulares, que pueden ser realizadas tanto por el empleado como por el empleador. Estos aportes se invierten en diversos activos financieros con el objetivo de hacer crecer el capital a lo largo del tiempo. La esencia de un fondo de pensiones radica en su capacidad para proporcionar seguridad financiera...

May 8, 2024
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08May

Why Europe’s largest investors are building their defense war chests

As war rages on Europe’s doorstep and authorities across the region explicitly encourage institutional investors to support national security, some European pension funds are changing their investment policies to put more money to work in the defense industry. Last month, Danish pension funds told Pensions & Investments that the war in Ukraine had led to a rethink of allocations to defense assets. Some had already been investing — carefully and always with a responsible investment framework in mind — in defense and aerospace...

May 8, 2024
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08May

Venezuelan Parliament approves pension law in second debate

The bill was approved last week in its first reading by a qualified majority, with only one vote against from the opposition. Before the discussion, Executive Vice President Delcy Rodríguez explained in the legislative chamber the details of the aforementioned law, which was proposed on May 1 by President Nicolás Maduro. Rodríguez stated that the bill consists of 13 articles, and in its essence has a very specific objective: the special contribution of private business to increase pensions in the light...

May 8, 2024
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08May

Introduction of Auto-Enrolment in Ireland, is set to be the biggest development in pensions in a generation

The much-heralded introduction of Auto-Enrolment in Ireland, is set to be the biggest development in pensions in a generation. Targeted directly at increasing the proportion of private sector workers with pension savings, Ireland will be following in the footsteps of several other countries including Australia, New Zealand and the UK, where the auto-enrolment model is already well established. In fact, Ireland is the last OECD country to introduce Auto-Enrolment (AE). By adopting a proven blueprint, it is reasonable to anticipate...

May 8, 2024
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08May

UK. The 2024 Pension Tax Changes: Five Things To Know And Three Things To Do

We have had a new pension tax regime since April 6, 2024. The underlying legislation is convoluted and almost impossible for a lay person to follow, so you would be forgiven for thinking there was a lot to study. At the very granular level that is true, and your scheme administrators will have a lot of detailed changes to make to systems. However if you zoom out a bit, in many ways life hasn't changed. We've done the poring over...

May 8, 2024
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07May

Chile. Distorsiones en el debate sobre pensiones: el rol de los gremios

En la reciente conmemoración del Día del Trabajador, las autoridades de gobierno realizaron un nuevo llamado a avanzar en la reforma de pensiones con acuerdos. En plazos estrechos y tiempos electorales, ¿será posible lograrlo? Aunque no es una tarea simple, siempre es posible si se revisa el camino recorrido en este año y medio de tramitación, se aúnan las voluntades políticas y se promueve un diálogo constructivo de parte de todos los actores. Hasta ahora el avance de la reforma en el Senado...

May 7, 2024
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