January 2024

Chile. Asociación de AFP advierte que reforma del Gobierno “puede derivar en peores pensiones”

En la víspera del debate -hasta despacho final- de la reforma previsional en la Comisión de Hacienda de la Cámara Baja, la presidenta de la Asociación de AFP, Paulina Yazigi, realizó una serie de cuestionamientos a la propuesta impulsada por el Gobierno y alertó que su avance -con las nuevas indicaciones- puede terminar "con peores pensiones". En entrevista publicada este domingo por El Mercurio, Yazigi aseguró que "hasta ahora hay un sesgo claro del Gobierno" y acusó que las propuestas que han planteado en este debate...

Japan pension giant GPIF opens door to more asset managers

Japan's Government Pension Investment Fund plans to expand its choice of asset managers, bringing in newer companies as part of a push into active management. "We look forward to discovering superior asset management companies by opening our door wider," GPIF President Masataka Miyazono told reporters Friday. The move comes as GPIF, one of the world's biggest institutional investors, steps up its pursuit of market-beating returns. The fund had about 220 trillion yen ($1.48 trillion) in assets under management at the end of...

China. Revitalizing pensions and economy with innovative aging finance

Financial institutions actively manage the Basic Old-age Insurance Fund and the National Social Security Fund, adopting market-oriented, diversified, and specialized investment principles. This approach promotes appreciation in the first pillar of the pension system. These institutions not only handle the investment aspects of enterprise annuity schemes and occupational annuity schemes but also provide direct services to participants in processes such as account opening, migration, and withdrawal. This approach leads to continual expansion in coverage and fund growth in enterprise annuity...

UK woman’s pension stopped as provider refuses to believe she’s alive

A retired UK teacher's pension has been stopped after her provider repeatably refused to believe she's still alive. The Guardian have reported that 85-year-old Eileen McGrath was forced to endure Christmas with no pension payments after Teachers’ Pensions confused her for someone else, who was dead. “In November I had received two letters from Teachers’ Pensions asking me euphemistically if I was dead,” she said. “I immediately called to make it clear that I was very much alive. Nevertheless, a week...

Nigeria. Stop paying ex-governors scandalous pensions – Falana

Human Rights activist, Femi Falana (SAN), has called on Lagos, Akwa Ibom and Rivers state governments to stop paying what he described as scandalous pensions to ex-governors while workers are owed arrears of meagre pensions. He made the call on Sunday in a statement made available to our correspondent. According to him, not less than 20 ex-governors are in the Senate, receiving jumbo salaries and allowances. “Lagos was the first state to implement a pension law for its former governors. The Lagos...

US. 5 Gen Xers share what it’s really like to plan for retirement: ‘My generation is going to have a harder time than boomers’

The oldest Gen Xers, born in 1965, are just a few years away from traditional retirement age. But many don’t feel nearly ready enough for that next chapter. Fortune received hundreds of emails from Gen Xers who say they are worried about what the future holds in store for them and their retirement readiness. “I’ve followed my dreams, as my generation was told to do, but found that some dreams cost more to follow than others,” writes one Gen Xer. “My savings...

Colombia. Las mujeres, las más afectadas: reforma dejará preocupados a los que buscan pensión en el país

Ante el posible cambio del sistema de jubilación colombiano gracias a la reforma pensional que el Gobierno busca que apruebe el Congreso de la República, las mujeres podrían tener variaciones en este aspecto, lo que preocupa a algunos sectores. De acuerdo con las explicaciones de la ministra de Trabajo, Gloria Inés Ramírez, con la reforma se busca corregir algunos inconvenientes de género que afectan actualmente a las mujeres trabajadoras, por lo que se implementarían opciones variadas para el momento de...

México. Ahorro voluntario sólo representa 2% del total de las afores

El ahorro voluntario en las administradoras de fondos para el retiro (afores) es una herramienta para incrementar el monto de la pensión de un trabajador; sin embargo, no todos los trabajadores pueden ahorrar por diferentes índoles. El ahorro voluntario en el Sistema del Ahorro para el Retiro (SAR) sólo representa el 2.3% de los 5.9 billones de pesos manejados por las afores al ubicarse en 141,128.5 millones de pesos al cierre del 2023. Las cuentas que han realizado ahorro voluntario suman 9 millones 385,151 cuentas,...

Más de 1.6 millones de colombianos se pensionaron por Colpensiones en 2023

La Administradora Colombiana de Pensiones (Colpensiones) anunció que durante el 2023 logró $605.898 millones de pesos en el manejo de su operación. Cifra que representa un récord en sus excedentes en 12 años de operación, porque le permitió tener un superávit de $605.898 millones durante 2023, lo que representa un incremento de $264.798 millones (78 %), comparado con los resultados del 2022, en el que se obtuvo $341.100 millones. “Es una gran noticia para Colombia, ya que es el excedente más alto...

US Corporate Pension Plans Ended 2023 at Record Funding Levels

The funded status of the largest U.S. corporate pension funds hit an all-time high at the end of 2023, with many trackers finding U.S. plans fully funded. In December, pension trackers shared mixed results on funded status increases in corporate defined benefit plans, but most trended upward. WTW According to analysis by WTW, funded status for the largest U.S. corporate pension plans will end 2023 at 100%. WTW’s tracker, which tracks 358 Fortune 500 companies that sponsor U.S. defined benefits plans,...