February 2024

México. Utilidades del Tren Maya, liquidaciones y venta de terrenos: el incierto fondeo de la reforma de pensiones de López Obrador

El financiamiento de la reforma de pensiones de Andrés Manuel López Obrador está en el limbo. Como parte de un ambicioso paquete de reformas constitucionales, el presidente de México busca garantizar que los trabajadores puedan jubilarse con el 100% de su salario o con una pensión máxima de 16,777 pesos. Para alcanzar esta meta se ha propuesto la creación de un fondo semilla de 64,619 millones de pesos. Sin embargo, esta bolsa, que crecerá año con año, se fondeará con recursos...

Reforma en Colombia introdiciría Seguro de Invalidez para quienes no se puedan pensionar

Una de las reformas más comentadas en el país es la pensional, ya que esta cambiará sustancialmente la manera en la que se cotiza y se recibe esta mesada tan importante para los adultos mayores. Aunque se han analizado muchos apartados, uno que pocos conocían es el que habla de la creación de un seguro por invalidez para las personas que demuestren imposibilidad de trabajar y cotizar ante un fondo de pensiones. Cabe señalar que este aplica para personas que sí hayan comenzado una cotización, pero que por...

US. For some pension funds, active investing is once again attractive

Passive investing has been a dominant trend in recent years, but some large U.S. pension funds are seeing more opportunities ramping up in active management. In some ways, the trend is surprising. Low-fee index funds — particularly those focused on the efficient large-cap segment of the U.S. stock market — have historically outperformed their actively managed counterparts over the mid to long term. The track record and cost efficiency of passive products have made them a great success: In 2023,...

UK. Retiring at 71? Experts react to proposed change to pension age

The UK will need to increase its state pension age to 71 by 2050 to maintain the number of workers per retiree, the International Longevity Centre has warned. Currently, the state pension age stands at 66, but will increase to 67 between May 2026 and March 2028. It is expected that from 2044 it will rise again to 68, but the report warned that “longer term, the pressure will be on to increase it to 68 or 69 before that”. A LinkedIn poll...

Nigeria. Pensioners threaten mass protest in Abuja over demands; seek N100,000 monthly pension

According to the union, the economic downturn has led to a high cost of living in the country. NUP president Godwin Abumisi spoke on Thursday when he fielded questions from journalists in Abuja. Mr Abumisi said the union had lost about 1,500 of its members in recent times due to economic hardship and the high cost of living in the country. “It is not in our power to distribute food items to pensioners in Nigeria. We do not have the resources. In...

México. “Hasta 4.1% del PIB, costo de la reforma a pensiones”

La reforma fiscal tendría que estar enfocada a combatir la elusión, revisar subsidios e incentivos a grandes contribuyentes. Ello ayudaría a tener los recursos necesarios para costear el impacto de las iniciativas. Las reformas en materia de pensiones y apoyos sociales enviadas por el presidente, Andrés Manuel López Obrador, al Congreso, tendrían un impacto inmediato de alrededor de 4.1% del Producto Interno Bruto (PIB), por lo que sería “urgente”, en caso de que se aprueben, una reforma fiscal, aseguró el...

Argentina. Qué pasará con las jubilaciones tras la caída de la Ley Ómnibus

El gobierno de Javier Milei sufrió un duro revés político con la Ley Ómnibus en la Cámara de Diputados, que volverá a tratarse en comisión ante la falta de consenso con los bloques "dialoguistas". La caída de la Ley Ómnibus, que incluía importantes cambios en la forma en que se definen los aumentos de jubilaciones y pensiones, pone en suspenso la implementación de una nueva fórmula. El plan de la Casa Rosada era ajustar los ingresos de los jubilados de acuerdo al índice de inflación de abril. Sin embargo, con la vuelta de...

US. Shell Closes $4.9B Pension Risk Transfer With Prudential

Prudential Financial Inc. announced on Wednesday it had closed a $4.9 billion pension risk transfer deal with Shell USA Inc. The transaction would be the first major pension risk transfer in the U.S. this year, following record years for the pension risk transfer market in 2022 and 2023.  “Prudential is honored to help continue meeting the retirement security needs of Shell’s retirees,” said Alexandra Hyten, head of institutional retirement strategies at Prudential, in a statement. “We are confident that our commitment...

U.K. pension funds may consider climate change – Financial Markets Law Committee

The U.K. committee advising the markets on financial law said pension trustees may consider climate change when making investment decisions, allaying long-standing concerns that incorporating key ESG factors could be a breach of fiduciary duty. The Financial Markets Law Committee said U.K. trustees are required to make "careful" decisions, and that includes considering factors such as climate change that market prices may not yet reflect, in a Feb. 6 paper. While targeted at pension funds, the committee said its conclusions are...

Kenya. Pension returns trail inflation rate for the second year

Pension contributors are staring at a major erosion of their savings after annual returns on investments in 2023 by pension funds shrunk below the rate of inflation. A periodic pension industry survey done by fund administrator Zamara shows that pension schemes made a weighted average return of 1.4 percent in 2023, which was lower than the 1.7 percent return recorded in 2022. At the same time, Kenya’s average inflation stood at 7.7 percent in 2023, meaning that the average saver lost...