March 2024
01Mar

US. New York Fed Case Study Finds Pension Funds Invested More Frequently in Preserving Existing Affordable Housing than New Development

The Federal Reserve Bank of New York today released a case study focused on pension fund investments in affordable apartments. The case study, “Alternative Investments in Community Development: A Case Study of Pension Fund Investments in Multifamily Affordable Housing,” is based on a survey of a non-representative sample of seven pension funds that made commitments totaling over $2.7 billion for investments in affordable apartments during a five and a half-year period ending June 2023. The case study also found...

March 1, 2024
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01Mar

Singapore faces shrinking population as total fertility rate falls below 1% for first time

Singapore, facing a dwindling population and a manpower shortage, has seen its resident total fertility rate (TFR) drop to an estimated 0.97 per cent in 2023, the first time it has dropped below one per cent in the country’s history. The TFR, which refers to the average number of babies each woman would have during her reproductive years, fell from 1.04 in 2022 and 1.12 in 2021, Minister in the Prime Minister’s Office (PMO) Indranee Rajah told Parliament on Wednesday. The...

March 1, 2024
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February 2024
29Feb

México. Afores logran revertir minusvalías de 2022, suman casi 6 billones de pesos

La Comisión Nacional del Sistema de Ahorro para el Retiro (Consar) informó al Senado que al cierre de diciembre del año pasado los recursos totales del Sistema de Ahorro para el Retiro (SAR) sumaron un monto de 5 billones 945 mil 974 millones de pesos. Al enviar el Informe Trimestral, correspondiente al período octubre-diciembre de 2023, la Consar destacó que estos recursos representaron el 19.1 por ciento del Producto Interno Bruto (PIB) nacional. Según el documento, los ahorros en comparación con el mismo periodo de 2022, se incrementaron...

February 29, 2024
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29Feb

Chile. El Gobierno de Boric se prepara para reimpulsar el pacto fiscal y la reforma de pensiones

El 8 de marzo de 2023, hace casi un año, ocurrió uno de los grandes traspiés del Gobierno de izquierdas de Gabriel Boric en Chile: la Cámara de Diputados rechazó la idea de legislar la reforma tributaria. Fue un golpe duro para el Ejecutivo, cuyas promesas de campaña requieren de un incremento en la recaudación fiscal para aumentar el gasto social. La legislación chilena impide reingresar una iniciativa legal rechazada en el Congreso antes de un año. Hoy, ad portas de ese...

February 29, 2024
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29Feb

Argentina. Oficializaron los valores mínimos y máximos de las jubilaciones a partir de marzo

El Gobierno oficializó este jueves los haberes mínimo y máximo garantizados que percibirán los jubilados a partir del mes de marzo, luego del aumento del 27.18% y de la confirmación que algunos de ellos percibirán un bono de hasta 70 mil pesos. Lo hizo a través de la publicación en el Boletín Oficial de la Resolución 39/2024, que lleva la firma de Mariano de los Heros, flamante director ejecutivo de la Administración Nacional de la Seguridad Social (Anses). El artículo 1° de la normativa establece...

February 29, 2024
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29Feb

U.S. public pension funding dips in January

The overall estimated funding ratio of the 100 largest U.S. public pension plans fell to 77.7% at the end of January, according to the Milliman 100 Public Pension Funding index. The fall in funding ratio from the year-end number of 78.2% was the result of flat investment returns and rising liabilities. According to Milliman, the aggregate estimated investment return for January was zero, with estimated returns ranging from -1% to 1.1% for the month. "Despite January's lack of investment gains and the...

February 29, 2024
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29Feb

UK. Pioneering Responsible Investment: How Pension Schemes Lead with ESG Initiatives

In an era where environmental, social, and governance (ESG) factors are becoming paramount in investment decisions, pension schemes and asset managers are taking significant strides towards responsible investing. Notable entities like Scottish Widows, Railpen, Nest, AXA Investment Managers, Franklin Templeton, and Legal & General Investment Management (LGIM) are setting benchmarks by emphasizing initiatives that not only foster financial returns but also contribute positively to society and the environment. Championing Social Factors in Investments Scottish Widows has made headlines by focusing on...

February 29, 2024
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29Feb

US. More People Tapping Retirement Plans for Emergency Expenses

Retirement accounts are designed to provide financial security for the future, but a growing number of Americans are using them to pay for emergencies today. “We’ve been seeing a steady increase in early withdrawals over the last five years or so,” says Kirsten Hunter Peterson, vice president of thought leadership at Fidelity Investments, one of the largest providers of retirement plans. According to company data, the number of Fidelity plan participants who took a hardship withdrawal more than tripled from...

February 29, 2024
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29Feb

Ghana. 600,000 Self-employed enrolled on SSNIT pension scheme

Since the launch of the Self-Employed Enrolment Drive (SEED) initiative by the Social Security and National Insurance Trust (SSNIT), some 600,000 self-employed persons have been enrolled on the programme, President Nana Addo Dankwa Akufo-Addo has said. He did not immediately mention the number that joined monthly but noted that, these self-employed persons were now having some form of social security cover. The President announced this when he laid the State of the Nation Address (SONA) before Parliament in Accra on Tuesday. “Mr...

February 29, 2024
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28Feb

México. ¿A quién beneficiará la reforma al sistema de pensiones?

El Gobierno Federal ha presentado ante la Cámara de Diputados una propuesta de reforma al sistema de pensiones. Esta reforma tiene como objetivo permitir que los trabajadores puedan pensionarse con el 100% del último salario percibido. Para lograr este objetivo, se requerirá la participación del Estado, que contribuirá para alcanzar un tope equivalente en las pensiones. Es decir, si un trabajador gana de salario 8 mil pesos, y en su cuenta de ahorro tiene 3 mil pesos, el Estado va a disponer para que el trabajador logre...

February 28, 2024
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