editor, Author at Pension Policy International

31OctOctober 31, 2023

México. Consar lanza importante mensaje por el Día Mundial del Ahorro

El Sistema de Ahorro para el Retiro (SAR) en México celebra 26 años de su creación. Durante estas más de dos décadas, los trabajadores mexicanos han logrado acumular más de 5.5 billones de pesos en sus cuentas individuales, convirtiendo este ahorro en el segundo activo más relevante después de la vivienda. La relevancia de este ahorro radica en que millones de trabajadores y sus familias dependerán de estos recursos para su retiro. La Comisión Nacional del Sistema de Ahorro para el...

October 31, 2023

NoticiasAhorro, Mexico

31OctOctober 31, 2023

US department of labor announces proposed rule to protect retirement savers’ interests by updating definition of investment advice fiduciary

The U.S. Department of Labor today announced that its Employee Benefits Security Administration has proposed a retirement security rule updating the definition of an investment advice fiduciary under the Employee Retirement Income Security Act. Aligned with the Biden-Harris administration’s efforts to protect retirement investors, the proposal would require trusted investment advisers to adhere to high standards of care and loyalty when they make investment recommendations and avoid recommendations that favor their financial and other interests at the expense of retirement savers. The updated...

October 31, 2023

NewsInvestment, savings, US

31OctOctober 31, 2023

UK trustees should challenge advisors but government needs to lead change

Around £1.2 trillion of UK pension fund assets lies in around 5,000 defined benefit schemes that primarily invest in Gilts and corporate bonds. With a suite of initiatives, the government is attempting to get the country’s fragmented DB (and DC) pension sector to invest more in illiquid assets and help fuel economic growth, as well as exploring how to consolidate these funds into larger pools. The biggest UK pension funds like Railpen, Nest and LGPS already invest in alternatives and nine...

October 31, 2023

News, UncategorizedPension Management, Regulation, UK

31OctOctober 31, 2023

Despite recent economic slowdown, Brazil’s job market keeps improving

While economic indicators show that the Brazilian economy is slowing down, nothing points to the country’s job market cooling down. On Monday afternoon, the Labor Ministry showed that the country created almost 212,000 new formal jobs in September (more than markets expected). And fresh unemployment data published on Tuesday shows that the joblessness rate went down to 7.7 percent in the rolling quarter through September — the lowest since February 2015. According to the latest unemployment reading, the number of employed individuals surged to 99.8 million in Q3,...

October 31, 2023

NewsBrazil, Labor Market

31OctOctober 31, 2023

Number of working Korean women in 30s surges amid low fertility rate

The recent trend of an increase in the proportion of working women in their 30s was primarily due to a reduction in the number of women with children, according to a report released Monday by the Korea Development Institute, a South Korean state-run think tank. Kim Ji-yeon, a researcher at the KDI, noted that although the drop in the number of women in their 30s that have children may seem like a positive factor in the short term because it...

October 31, 2023

NewsAging, Labor Market, South Korea

30OctOctober 30, 2023

México. Cuentas de las afores no reconocidas continúan por arriba de los 18 millones

Las cuentas asignadas, es decir las no reconocidas por sus dueños, en las administradoras de fondos para el retiro (afores) se ubicaron de nueva cuenta arriba de los 18 millones entre enero y septiembre. Información de la Comisión Nacional del Sistema del Ahorro para el Retiro (Consar) precisó, que al cierre de septiembre el número se ubicó en 18.32 millones con lo cual hilaron cuatro años en ese nivel para el periodo referido. La última vez que las cuentas asignadas estuvieron...

October 30, 2023

NoticiasAdministración de Pensiones, Mexico

30OctOctober 30, 2023

¿Qué países de LatAm son más eficientes en el gasto público y qué hacer para mejorarlo?

Bogotá — Chile conserva su lugar como el país de Latinoamérica con mayor eficiencia técnica del gasto público, mientras que regiones como Centroamérica presentan desafíos en cuanto a ineficiencias en la nómina salarial, dado que los salarios del sector público son mucho más elevados en promedio con respecto a los del sector privado, explicaron a Bloomberg Línea expertos del Banco Interamericano de Desarrollo (BID). A una consulta de Bloomberg Línea, el BID respondió que los países de Latinoamérica y el...

October 30, 2023

NoticiasAmérica Latina, Pensiones Públicas

30OctOctober 30, 2023

México. Casi la mitad de los juicios que atiende Profedet son para reclamar recursos de Afore

Aproximadamente cuatro de cada 10 juicios que atiende la Procuraduría Federal del Trabajo (Profedet) son de posibles beneficiarios que quieren cobrar los recursos de una Administradora de fondos para el retiro (Afore), indicó la titular del organismo Selene Cruz Alcalá, quien reconoció que si bien en la reforma al sistema de pensiones de 2020 se buscó agilizar dicho trámite, aun padece de una alta carga burocrática. “Lamentablemente tenemos un nuevo modelo de justicia laboral en donde los juicios ya tardan máximo un año, pero aún así ¿qué necesidad? A veces también...

October 30, 2023

Noticias, NoticiasAhorro, Mexico, Pago de Pensiones

30OctOctober 30, 2023

Huge ethnicity pension gap revealed in UK figures

A UK individual from a minority ethnic background typically has a pension pot less than half the size of that belonging to the average white British saver, data reveal. The research from Legal & General’s investment arm claimed there was a sizeable “ethnicity pensions gap” in the UK that was being fuelled by “misconceptions” around pensions and a “significant distrust of employers”, as well as a lack of spare income. The average saver from a minority ethnic background has a pension pot of...

October 30, 2023

NewsEquality, System Characterization, UK

30OctOctober 30, 2023

How Nigeria’s Contributory Pension Scheme Grew 52% in Three Years

The Director General of the National Pension Commission (PenCom), Mrs Aisha Dahir-Umar, has said pension assets under the Contributory Pension Scheme (CPS) surged by N5.94 trillion or 52.3 per cent over the last three years from N11.35 trillion in August 2020 to N17.29 trillion in August 2023. The CPS is an arrangement where both the employer and the employee contribute a portion of an employee’s monthly emoluments towards the payment of the latter’s pension at retirement. Speaking recently on the development...

October 30, 2023

NewsCoverage, Nigeria, Pension Management, savings

October 2023