March 2024
06Mar

How caregivers are using smart tech to help aging parents

As my mother reached her 90s, although she was relatively healthy and active, I realized that she was starting to experience some physical limitations and memory issues. And while I didn’t live far away, I knew that I needed to find a way to help her live on her own comfortably and safely despite her increased dependence. More traditional technologies, such as wearable alert systems, could only do so much (especially when she refused to wear them). So I...

March 6, 2024
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05Mar

México. Fondo semilla de reforma a pensiones alcanzaría hasta para 10 años: Amafore

El Presidente de la asociación que agrupa a las 10 Afores que operan en el país destacó el hecho de que la propuesta presidencial respete y construya sobre el modelo actual de cuentas individuales. El fondo semilla propuesto para financiar la iniciativa de reforma constitucional al sistema de pensiones presentada en febrero pasado, de 64,619 millones de pesos, podría alcanzar hasta para los siguientes 10 años, dijo el presidente de la Asociación Mexicana de Afores (Amafore), Guillermo Zamarripa. El Presidente de...

March 5, 2024
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05Mar

Chile. Fondos de pensiones aún no recuperan nivel previo a retiros de AFP y están 20 puntos porcentuales más bajos en relación al PIB

Por Mariana Marusic   Antes de los retiros, en julio de 2020, las AFP administraban recursos por US$217.010 millones, un 81,6% del PIB. Pero nunca han vuelto a tocar ese nivel. De hecho, al cierre de 2023 llegaron a US$188.594 millones, equivalentes a 60,1% del PIB. En monto en dólares, en tanto, todavía son un 13% menos que el registro previo a los giros. Fue el 30 de julio de 2020 cuando empezó a regir la reforma constitucional que autorizó el primer...

March 5, 2024
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05Mar

México. Ahorro y retiro de la mujeres en México: Estas son las cifras de otra brecha de género

En México, el ahorro para el retiro entre las mujeres presenta diferencias significativas en comparación con los hombres, lo que refleja no solo desigualdades económicas, sino también retos y oportunidades específicas para el sector femenino. Diversas fuentes evidencian los factores que contribuyen a esta disparidad en el ahorro para el retiro y proponen soluciones para lograr un futuro más equitativo para las mujeres en México. Aquí un panorama del ahorro y el retiro de las mujeres en México. Desigualdad en el...

March 5, 2024
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05Mar

Panamá necesita atender el déficit de la CSS, según el FMI

Reducir el gasto, aumentar los ingresos fiscales, ampliar la base imponible, aumentar los impuestos y abordar el déficit en el componente de beneficio definido de la Caja del Seguro Social (CSS), son algunas de las recomendaciones planteadas en su último informe del Fondo Monetario Internacional (FMI) sobre las finanzas públicas de Panamá. En un documento titulado: “Panamá: Declaración Final de la Misión de Consulta del Artículo IV de 20242, señala que “la reducción de la inversión pública no proporcionaría una...

March 5, 2024
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05Mar

US. More households are prepared for retirement – but this good news might not last

Even with the improvement, two out of five households are still at risk, according to the National Retirement Risk Index. The release of the Federal Reserve's 2022 Survey of Consumer Finances (SCF) offers an opportunity to reassess Americans' retirement preparedness as measured by the National Retirement Risk Index (NRRI). The NRRI estimates the share of American households that are at risk of being unable to maintain their preretirement standard of living in retirement. Constructing the NRRI involves three steps: 1) projecting a replacement...

March 5, 2024
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05Mar

UK. Updated: Risk of ‘unintended consequences’ from DC pension reforms

Plans to force defined contribution (DC) schemes to publicly disclose their level of investment in the UK and improve the performance of poorly performing schemes could risk having “unintended consequences” – causing plans to become more risk averse and potentially “compromising” trustee fiduciary duties. On Saturday (2 March), chancellor Jeremy Hunt announced proposals to require DC funds to disclose their levels of investment in British businesses, as well as their costs and net investment returns. He said they would also need...

March 5, 2024
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05Mar

Aging Korea needs foreign caregivers: report

South Korea should come up with various measures to attract foreign nationals to work here as care workers, as the country faces a shortage in the sector to care for its rapidly aging society, a report by the Bank of Korea argued, Tuesday. The cost of hiring a care worker at a nursing home or other facilities was estimated at 3.7 million won ($2,775) per month as of last year, according to the report titled “Measures to alleviate the care...

March 5, 2024
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05Mar

US. Pension Funds Are Tapping Affordable Housing for High Returns — Not the Social Benefits

While affordable multi-family housing has become a key part of some pension funds’ real estate allocations, most of these funds are selecting investments that don’t have long term affordability in mind. This is according to new research from the Federal Reserve Bank of New York. The FRBNY has embarked on a research project to explore investments by institutions, specifically state pension plans, in multifamily housing. This is the second in a series of papers on the subject. The first, “Alternative...

March 5, 2024
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05Mar

Switzerland votes against increasing the retirement age. What are the retirement ages around the world?

Swiss nationals have voted in favour of increasing their state pension by an extra month every year. The nationwide referendum saw Swiss voters take to the ballot box to discuss issues on living standards for the elderly. Around 60 per cent of the nation voted in favour of providing the additional payout each year, while simultaneously refusing to raise the retirement age from 65 to 66. At present, the maximum monthly state pension is €2,550 (£2,180; $2,760) but the cost of living in Switzerland has dramatically...

March 5, 2024
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