March 2024
26Mar

Majority of U.K. DB plans looking for buy-in or buyout

More than half (53%) of the U.K.’s large defined benefit plans are planning for an insurer buy-in or buyout within the next three years, according to research by insurance and asset management firm Legal & General. In 2023, around £50 billion of U.K. retirement income was secured with insurance companies through pension buy-ins and buyouts. When it came to investment strategy, three quarters of respondents affirmed that they were decreasing allocations to illiquid assets. Insurers have previously expressed caution in engaging...

March 26, 2024
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26Mar

What we must do to expand pension coverage in Kenya

By SIMON WAFUBWA   Significant progress in the pension sector has been made in the past two decades and we continue to see growth every year. According to the Retirement Benefits Authority, Kenya’s Pension Assets stood at Sh1.7 trillion by the end of June 2023. This marked an 8.1 percent growth compared to Sh1.5 trillion the previous year. However, as a country, we still have certain challenges to overcome to ensure the financial security of the entire population during their retirement years. The...

March 26, 2024
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25Mar

México. Gasto en pensiones, más del doble que para salud

Este año se destinarán alrededor de 1.99 billones de pesos para el pago de pensiones, 106 por ciento más que el presupuesto para el sistema de salud, porcentaje superior al 87 por ciento que representaba en 2018, de acuerdo con el Centro de Investigación Económica y Presupuestaria (CIEP). En una investigación de este grupo de especialistas se destacó que ya representa 27.3 por ciento de los ingresos totales del gobierno, 22 del gasto neto total y 5.8 por ciento del producto interno bruto (PIB); en 2018 equivalía a 4.6 por ciento del PIB. Ante ello, el CIEP urgió por un plan para incrementar los ingresos,...

March 25, 2024
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25Mar

Chile. “No vamos a imponer un sistema de reparto”: ministra Jara por reforma de pensiones

Este domingo, la ministra del Trabajo Jeannette Jara se refirió a la reforma de pensiones, asegurando que “Chile es uno de los pocos países que tiene un sistema tan extremo” y que “nosotros no vamos a imponer un sistema de reparto”. “Cuando uno hace una reforma la hace para atacar un problema público y hoy día, el problema que tenemos, es que los actuales jubilados tienen pensiones de 48 mil pesos la mediana las mujeres, y 155 mil pesos la mediana los hombre del sistema...

March 25, 2024
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25Mar

Perú. AFP: afiliados podrán aportar a su fondo de pensiones con sus compras diarias, ¿de qué trata la propuesta del dictamen?

El Sistema de Pensiones del Perú experimentará un cambio significativo con la aprobación del anunciado dictamen de la reforma previsional que recae sobre la Comisión de Economía del Congreso, liderada actualmente por el legislador César Revilla. La propuesta del informe, a la que accedió Infobae Perú, será debatida mañana lunes 25 de marzo desde las 11:00 a.m. En la reforma, se ha planteado una nueva modalidad para la contribución a las pensiones, denominada pensión por consumo que implica que los ciudadanos destinen el 1% de sus...

March 25, 2024
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25Mar

Argentina. Jubilaciones: calculan que los haberes podrían quedar hasta 40% por debajo del poder de compra de 2017

El Gobierno prepara la aplicación de una nueva fórmula jubilatoria, que será establecida por decreto ante la falta de un acuerdo en el Congreso, y que actualizará los haberes de manera mensual de acuerdo a inflación, con un rezago de dos meses. Según un cálculo privado, el esquema nueva “cristalizaría” una pérdida adquisitiva de 25% de la jubilación mínima desde 2017 ya que no permitiría una recuperación del poder de compra. Un estudio del director del Instituto Argentino de Análisis Fiscal (Iaraf) Nadin...

March 25, 2024
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25Mar

UK’s Conservatives will commit to pensions triple lock, says Hunt

Britain's ruling Conservative Party would commit to keeping the so-called triple lock for increasing state pensions, finance minister Jeremy Hunt said on Sunday, seeking to woo older voters ahead of an election expected later this year. With the opposition Labour Party holding a strong lead in opinion polls, Hunt stepped up efforts to draw a dividing line between the parties by emphasising the Conservatives' commitment to lower taxation. Under the existing pension triple lock system, the government has promised to raise...

March 25, 2024
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25Mar

U.S. pension funds sue Allianz after $4 billion in coronavirus losses

Pension funds for truckers, teachers and subway workers have lodged lawsuits in the United States against Germany's Allianz, one of the world's top asset managers, for failing to safeguard their investments during the coronavirus market meltdown. Market panic around the virus that resulted in billions in losses earlier this year scarred many investors, but no other top-tier asset manager is facing such a large number of lawsuits in the United States connected to the turbulence. In March, Allianz <ALVG.DE> was forced...

March 25, 2024
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25Mar

Nursing homes can’t meet the care needs of an aging population

Where are we going to get the workers to care for us? How are we going to pay them? Long-term care is one of the major challenges facing an aging society. Care can take the form of a nursing home, formal care provided in the community or home, or informal care provided by family or friends. KFF recently released a really nice summary of the state of play on the nursing home front in the process of describing a proposed rule...

March 25, 2024
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25Mar

South Africa. Two-pot system: how the state is dealing with its own funds

There are three pension funds in the country, including South Africa’s largest fund, that are not governed by the Pension Funds Act, and National Treasury needs to deal with these separately in implementing its famous two-pot retirement system. I refer to three government pension funds, in particular the Government Employees Pension Fund (GEPF), which holds more than R2.3 trillion in assets and has almost 1.3 million active members and another 475 000 pensioners and beneficiaries. This fund is constituted under...

March 25, 2024
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