March 2024
04Mar

México. Candidata a la presidencia asegura que Afores no están en peligro por reforma de pensiones

La candita presidencial de Morena, Partido del Trabajo (PT) y el Partido Verde, Claudia Sheinbaum Pardo, aseguró que los sistemas de las Administradoras de Fondos para el Retiro (Afores) no corren peligroante la iniciativa de reforma del sistema de pensiones propuesto por el presidente Andrés Manuel López Obrador (AMLO). En conferencia de prensa desde Guadalajara, Jalisco, de hoy domingo 3 de marzo, Claudia Sheinbaum aclaró que las Afores no desaparecerán ni tendrán cambios ante la posible aprobación de la reforma...

March 4, 2024
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04Mar

Colombia. La oposición frena el avance de la reforma pensional de Gustavo Petro en el Congreso

Por Juan Miguel Hernández Bonilla La reforma pensional del Gobierno está estancada en la plenaria del Senado. La oposición al presidente Gustavo Petro ha logrado frenar en seco el avance del articulado que busca cambiar el sistema pensional colombiano para reforzar la presencia del fondo público y ayudar a garantizar el derecho a la pensión de más de dos millones y medio de adultos mayores pobres. Este miércoles, el Centro Democrático y Cambio Radical han roto el cuórum decisorio, la...

March 4, 2024
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04Mar

U.K. pension funds to disclose domestic investment as London stock market falters

Chancellor Jeremy Hunt on Saturday said U.K. pensions will have to disclose how much they have invested domestically, in a move meant to boost the faltering U.K. stock market. Under the plan, defined contribution funds by 2027 will have to disclose their level of investment in British businesses, as well as their costs and net investment returns. Hunt said the proposal will first be reviewed by the Financial Conduct Authority. Pension funds also will have to disclose how they performed against...

March 4, 2024
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04Mar

US. Retirement Account Balances Hit Their Highest Levels in Nearly Two Years

Key Takeaways 37% of workers increased their retirement savings contribution in 2023, boosting average account balances to their highest levels in nearly two years. Fidelity recommends that individuals save at least ten times their income by age 67, or 15% of their annual pre-tax income each year, to retire comfortably. As of year-end 2023, the average 401(k) balance of Gen X workers had reached more than half a million dollars ($501,000). Improved market conditions and consistent contributions boosted average retirement...

March 4, 2024
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04Mar

UK. Make My Money Matter publish report analysing leading pension providers’ action on climate change

A recent report by Make My Money Matter sheds light on the relationship between finance and environmental stewardship, revealing both the potential and the shortcomings of our pension investments. The UK Pensions: Climate Action Report highlights the stark reality that while many of us contribute to pensions, few of us truly understand where our money goes and the consequences of it. Often, out of the £3 trillion that exists in UK pensions, this money is financing industries that perpetuate environmental...

March 4, 2024
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04Mar

Revolutionizing Retirement: How TWPS is Pioneering Pension Participation in Jamaica

In a groundbreaking move, the Tourism Workers Pension Scheme (TWPS) is setting a new standard for pension schemes, aiming to significantly boost retirement participation among Jamaica's tourism workers. Differentiated by its inclusivity of both employed and self-employed individuals and bolstered by government support, TWPS is driving towards a membership goal of 20,000 in the current year, overcoming initial setbacks caused by the COVID-19 pandemic. Unique Features and Strategic Goals The TWPS stands out by covering workers in the private sector, with...

March 4, 2024
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01Mar

México. Contingencia fiscal, de quedarse permanentemente fondo de pensiones en reforma de AMLO: BBVA

Si el fondo de pensiones propuesto por el presidente Andrés Manuel López Obrador se queda de forma permanente puede provocar complicaciones fiscales, además de que aún no queda claro cómo va a fondearse, dijo el economista en jefe de BBVA México, Carlos Serrano. “Dejar esto de forma permanente puede hacer un hueco en las finanzas públicas, es mejor asegurar mayores pensiones para los que se retiren en los siguientes 15 años, pero que, desde ahí, la ley regrese a la reforma que se hizo en 2020,...

March 1, 2024
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01Mar

Chile. Ministra Jara por reforma previsional: “Cuando se llega al 3 y 3 se hace sacrificando varias cosas en el camino”

La ministra del Trabajo, Jeannette Jara, abordó la reforma de pensiones impulsada por el Ejecutivo que será discutida la próxima semana en el Senado. La iniciativa fue despachada a fines de enero por la Cámara de Diputadas y Diputados, momento en que se rechazó la modalidad de distribución 3 y 3, donde tres puntos porcentuales iba a ser destinado a las cuentas de capitalización individual y otros tres a solidaridad. En conversación con CNN, la secretaria de Estado sostuvo que “cuando se llega al 3 y...

March 1, 2024
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01Mar

US. Retirement Savings System Under Fire at Senate Hearing

A hearing that was billed as “taking a serious look at the retirement crisis in America” with a focus on improving the defined benefit system ended with witnesses agreeing that some reforms are needed, but calling for drastically different measures. The Feb. 28 hearing was held by the Senate Health, Education, Labor and Pensions (HELP) Committee, which is chaired by Sen. Bernie Sanders (I-Vt.). Included among the single panel of witnesses testifying were: Teresa Ghilarducci, Irene and Bernard L Schwartz Professor of...

March 1, 2024
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01Mar

Pension funds’ role in Brazil’s farmland controversy

Global pension funds are implicated in the deforestation of Brazil's Cerrado, impacting local communities and climate goals. In short: Armed men, allegedly hired by land claimants, have forcibly displaced local communities in Brazil's Cerrado, destroying homes and livelihoods. Major global pension funds, including TIAA, have invested billions in Brazilian farmland, contributing to deforestation and land conflicts. The destruction of the Cerrado, a key carbon sink and biodiversity hotspot, poses significant challenges to Brazil's climate commitments and local ecosystems. Key quote: “There’s a...

March 1, 2024
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