May 2024

Argentina. Jubilaciones: solo 3 de cada 10 logran completar aportes

En los primeros tres me­ses del año, 115.757 personas se jubilaron o pensiona­ron a través de la Anses. De este total, 88.212 (es decir, el 76,2%) lo hicieron recu­rriendo a las moratorias y solo 27.545 (23,8%) no ne­cesitaron de la moratoria porque reunieron como mí­nimo los 30 años de aportes requeridos, según los datos de la Seguridad Social. La mayoría de los trabajadores que no tienen los 30 años de aportes requeridos es por­que se desempeñaron en la informalidad,...

US. Prudential Survey Reveals Insights on Retirement Planning

Prudential conducted a survey of 198 financial advisors to gain insight on how they are investing and constructing portfolios for retirees. 80% use separate portfolios that are specifically designed for retirees. Additionally, the use of targeted portfolios was higher among advisors who were more knowledgeable about planning for retirement. Another takeaway from the survey is that 50% of retirees prefer to live off of income from their portfolios. Thus, advisors need to ensure that their portfolios generate income for clients while balancing...

UK. Retirement warning as global ‘market volatility’ could hurt ‘value of pensions’

Older Britons are being warned that recent global events could be impacting the “value of some pensions”. Experts from PensionBee are urging pensioners to take action to make sure their retirement savings are protected. This warning comes amid the widespread implementation of artificial intelligence technology, the wars in Ukraine and the Middle East, and upcoming elections in the US and UK. As well as this, those approaching retirement have been saddled with rising interest rates and inflation-hiked prices. A consequence of this has been that many older Britons are not able...

Only 18% of Ghanaians confident about retirement – Old Mutual Financial Services Monitor

Only 18% of Ghanaians confident about retirement – the Old Mutual Financial Services Monitor The Old Mutual Financial Services Monitor is a study aimed at uncovering the financial behaviour, attitudes, and perceptions of working Ghanaians. Not only has it achieved this objective, but it has also provided valuable insights for Financial Services Providers (FSPs) to better serve their customers. Today’s focus is on retirement savings and the attitude of the working Ghanaian towards it. The monitor reveals a high correlation between...

Nigeria’s Liabilities to Retirees Under Contributory Pension Scheme Hits N314.58bn

The National Pension Commission (PenCom) has disclosed that the federal government’s total liability from the implementation of the pension increases in 2007 and 2010 as well as the 2019 consequential adjustment for retirees under the Contributory Pension Scheme (CPS) stood at N314.58 billion in 2023. This came as PenCom has further sought approval for an increase in pension rates for pensioners under the Defined Benefits Scheme (DBS), following the recent increase in salaries for employees of treasury-funded Ministries, Departments and...

China. 1.07 billion people in basic pension scheme

China has been improving its social insurance system to better support development, with the number of participants in the basic pension reaching 1.07 billion by the end of March, a year-on-year increase of 14 million, the Ministry of Human Resources and Social Security said. There were 240 million participants in the unemployment insurance scheme, up 4.49 million, and 290 million participants in the employment injury insurance scheme, up 5.58 million. From January to March, the total income of the basic pension,...

México. Promueven el primer amparo colectivo contra Fondo de Pensiones

A dos días de la promulgación en el Diario Oficial de la Federación (DOF) del decreto mediante el cual se crea el Fondo de Pensiones para el Bienestar, 727 personas que laboran en los sectores público y privado, promovieron el primer amparo colectivo contra la determinación. La pensión tiene como propósito procurar el pago de un complemento a trabajadores en retiro. Con el monto adicional podrán recibir poco más de 16 mil pesos al mes. La demanda la presentó la firma...

Nuevo “ingreso mínimo integral” en Venezuela se ubicará en US$ 130; el Gobierno no precisa en cuánto quedará el salario mínimo

El presidente de Venezuela, Nicolás Maduro, anunció este miércoles 1 de mayo —en el Día del Trabajador— un incremento del “ingreso mínimo integral” que será equivalente a US$ 130 mensuales pagaderos en bolívares, la moneda local. Maduro afirmó en el anuncio que, con sanciones o sin sanciones en Venezuela, se va a recuperar el salario de los trabajadores. El presidente no ofreció detalles de cómo se compone el pago, considerando que el ingreso mínimo mensual es el resultado de la sumatoria...

Colombia. Ahorro y ganancias de trabajadores en fondos privados de pensiones llegan a nuevos récords

Los trabajadores que cotizan en fondos privados de pensiones comenzarán a ver desde mayo sus extractos correspondientes al primer trimestre del año, en el cual registraron nuevos récords en ahorro y ganancias. Así lo confirmó Asofondos, gremio de las Administradoras de Fondos de Pensiones (AFP), entre las cuales están Colfondos, Porvenir, Protección y Skandia. “Los extractos llegan con excelentes noticias sobre todo para quienes llevan más tiempo con sus fondos de pensiones, puesto que, al cierre de marzo, el ahorro total (…) alcanzó un nuevo...

UK. Average overall pension transfer times fall by 12.2%

The average time taken for a pension transfer to be completed reduced by 12.2% over the last 15 months, research from Origo has shown. The latest data from the fintech's Transfer Index showed from January 2023 to the end of March this year, the average time for the completion of a transfer fell from 14 to 12.3 calendar days. In addition, the time taken for simple transfers, where the provider has full control over the process, also improved by 16.7%...