September 2023
26Sep

Chile. Gobierno postergaría ingreso de indicaciones de la reforma previsional para octubre

No hay decisiones inamovibles y todo puede cambiar día a día. Eso es lo que más repiten desde el gobierno a la hora de hablar sobre la reforma previsional y los pasos que piensan seguir para lograr un acuerdo que consiga sacar adelante el proyecto del Congreso. Por eso mismo, si bien la ministra del Trabajo, Jeannette Jara, aseguró a inicios de septiembre que ingresarían las indicaciones del proyecto a fines de este mes en la Comisión de Trabajo de...

September 26, 2023
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26Sep

US Corporate Pensions at Healthiest Level in a Decade, Aon Data Shows

Pension plans for the largest U.S. companies are at their healthiest in over a decade, according to financial services firm Aon (NYSE:AON). The average pension "funded ratio" for public companies in the S&P 500 stock index was 102% as of last Thursday, marking the highest level since at least the end of 2011 when the ratio stood at around 78%. The funded ratio is a measure of a pension's financial health, comparing a company's pension assets against its liabilities. Essentially,...

September 26, 2023
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26Sep

UK pension schemes reveal 4,000% rise in cyber security breaches

Pension scheme trustees have been urged to remain mindful of cybersecurity risks, after research from RPC revealed a 4,000 per cent increase in data breach reports to the Information Commissioners Office (ICO) in the year to June 2023. The research found that UK financial services firms reported 640 cybersecurity breaches to the ICO in the year to June 30 2023, marking a threefold increase on the 187 cybersecurity breaches in the previous period. UK pension schemes reported the biggest...

September 26, 2023
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26Sep

Dutch pension funds move hundreds of billions in assets to mandates

Dutch pension funds have transferred €372bn in assets from investment funds to mandates over the past three and a half years. Mandates make it easier for funds to implement their responsible investment policies. Pension funds’ net investments in investment funds used to be fairly stable, but from the end of 2019 outflows gradually started to accelerate, according to figures from regulator DNB. A DNB spokesman said that conversations with pension funds have indicated that these holdings have generally been converted to...

September 26, 2023
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26Sep

UK. How can the pensions market help diversify DC savings?

There is a wide gap between the defined benefit and defined contribution generations in terms of the standard of living they are heading into for in retirement. Narrowing this gap was identified as a key driver for government by pensions minister Laura Trott in her keynote address to Onward, which she delivered the day after chancellor Jeremy Hunt's Mansion House speech. But while many who represent pension providers are clamouring for this gap to be filled by additional contributions, the government says we can...

September 26, 2023
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26Sep

India. Around 90% regret not saving early for retirement, shows study

It is important to start saving early for retirement. In a recently-concluded study, it was revealed that a vast majority of people (90%) wish they had initiated retirement savings earlier, underscoring the significance of proactive financial planning. The study also revealed that Western India shows the least sense of security towards a peaceful retirement life compared to other zones. The India Retirement Index Study (IRIS), carried out by Max Life Insurance in partnership with Kantar, also revealed deep insights into the...

September 26, 2023
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25Sep

México. Próximo gobierno recibirá finanzas sin márgenes de maniobra, alerta CEESP

El Centro de Estudios Económicos del Sector Privado (CEESP) asegura que el próximo gobierno de México recibirá finanzas públicas sin márgenes de maniobra, sin recursos precautorios, un elevado déficit fiscal y fuertes compromisos de pagos. “El próximo gobierno recibirá unas finanzas públicas sujetas a diversos riesgos de insostenibilidad, sin márgenes de maniobra (sin recursos precautorios) y fragilidades por parte de los ingresos públicos, así como un elevado déficit fiscal y fuertes compromisos y necesidades de gasto público en los tres...

September 25, 2023
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25Sep

La mayoría mujeres y a cargo de al menos 640.000 dependientes: la realidad invisible de los cuidados en Chile

En Chile no se conoce la cifra exacta de personas que cuidan a otras, los cuidadores. Desde el Ministerio de Desarrollo Social aseguran que alrededor de 640.000 personas se declaran en situación de dependencia moderada o severa en el Registro Social de Hogares y, por ende, se estima una cifra similar de cuidadores. En noviembre de 2022, el Gobierno implementó una plataforma para el registro de cuidadores y, a julio de este año, 54.000 personas se han identificado como...

September 25, 2023
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25Sep

U.S. retirement assets continue increasing

U.S. retirement assets totaled $36.71 trillion at the end of the second quarter, according to data published recently by the Investment Company Institute. That marked the third straight quarterly increase after dropping to $32.81 trillion in September 2022. At the end of 2021, retirement assets were $39.73 trillion. Defined contribution assets totaled $10.23 trillion, up from the recent nadir of $8.96 trillion at the end of 2022's third quarter. The bulk, more than 70%, was placed in 401(k) plans. Defined benefit assets...

September 25, 2023
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25Sep

UK: Future Of Work | Understanding An Ageing Workforce

We recently launched our report on an Ageing Workforce. The report was produced by Censuswide, who surveyed 700 employees aged between 35-55 and working in different industry sectors across the UK. It explores areas including benefits, pensions, retirement planning, training and skillsets and offers employers a valuable tool in their planning for incentivising, supporting and retaining older employees. The ability to work on a flexible basis and from different locations (including overseas) continues to be an important benefit, and one...

September 25, 2023
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