September 2023
21Sep

The Future of Retirement: Predictions and Trends

Traditionally, retirement has been viewed as a time for relaxing, enjoying the fruits of your labor, and taking a break from work. It is likely, however, that retirement will look very different in the future. Here, we will analyze some of the trends shaping retirement’s future. In addition, we will offer some predictions about the future of retirement. 1. The retirement savings gap is widening. Future retirees face a growing retirement savings gap as one of their biggest challenges. Based on Census...

September 21, 2023
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21Sep

Higher fees for inclusion of ESG and private markets a ‘real barrier’ for DC schemes

The higher charges for incorporating environmental, social and governance (ESG) and private market investments is a “real barrier” for defined contribution (DC) schemes, which are reluctant to reverse the fall in charges seen over the past decade, according to WTW.The consultancy’s latest DC Pensions and Savings report found that average charges for DC schemes in the UK had fallen by 20 per cent, from 41 basis points in 2014 to 33 basis points in 2023.It noted that this was...

September 21, 2023
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21Sep

Sustainable investing that goes beyond divestment or engagement does most

In the sustainable investing world, motivating companies to do better has happened through two basic strategies: divestment and engagement — and new research shows that using elements of both can accomplish the most. That won’t be news to investment providersand advocacy groups that specialize in sustainable investing — some have spent decades refining ways to prod corporations into action, whether that’s improving environmental practices or treating workers more equitably. But to asset managers that offer only a taste of sustainable...

September 21, 2023
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21Sep

US. Fed holds interest rates steady

Federal Reserve officials on Sept. 20 held interest rates steady and signaled one more rate increase this year as the central bank continues its quest to tamp down inflation without overcooling the economy. The Federal Open Market Committee left the federal funds rate unchanged at a range of 5.25% to 5.5% following its two-day meeting. The committee in recent months has alternated between hikes and pauses — it approved a quarter-point increase at its last meeting in July but did...

September 21, 2023
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21Sep

The upside of living in Japan’s ageing society

For the first time more than 10 per cent of the Japanese population are aged 80 or older, according to new official data. This reinforces Japan’s reputation as the world’s oldest society with 29 per cent of the population now aged 65 or more, a full 5 per cent ahead of Italy in second place. The evidence is there for all to see: walk around a typical Tokyo neighbourhood in the mid-afternoon and all you’ll see is old, often ancient...

September 21, 2023
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20Sep

Chile. Edad promedio de nuevos cotizantes que ingresan al sistema de AFP sube a 28 años

El sistema de capitalización individual muchas veces funciona como un espejo de lo que ocurre en el mercado laboral. En Chile anualmente unas 400 mil personas se incorporan al sistema de pensiones como nuevos afiliados. El promedio de edad de los cotizantes nuevos que ingresan como usuarios de las AFP es de 28 años, lo que ha ido subiendo en los últimos tres años, según datos de la Superintendencia de Pensiones. En un informe del regulador publicado en agosto, se observa que...

September 20, 2023
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20Sep

Perú. Retiro de AFP 2023: Congreso debatirá retiro de hasta 4 UIT en octubre

La crisis económica ha afectado gravemente a los peruanos. El alza del precio de los alimentos de la canasta básica familiar ha impactado en los hogares y se ha convertido en una preocupación para las autoridades. En medio de esta difícil situación, desde el Congreso de la República se ha anunciado el debate de un nuevo retiro de las Administradoras de Fondos de Pensiones (AFP) en las próximas semanas. Esta mañana, el parlamentario José Luna anunció que los peruanos podrían acceder nuevamente a los montos de la AFP si se...

September 20, 2023
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20Sep

Afore: El nuevo servicio para los que tienen sus ahorros y buscan una pensión

Una pensión es un una prestación económica destinada a proteger al trabajador al ocurrirle un accidente de trabajo, al padecer una enfermedad o accidente no laborales, o al cumplir al menos 60 años de edad, de igual manera, en caso de fallecimiento del trabajador o pensionado, protege a sus beneficiarios; vale la pena mencionar que en ambos casos, previo cumplimiento de los requisitos indicados en la Ley del Seguro Social. En ese sentido todas las personas que trabajan formalmente y que están registradas ya sea en...

September 20, 2023
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20Sep

U.S. public pension funding falls in August – Milliman

The overall estimated funding ratio of the 100 largest U.S. public pension plans fell to 75.3% as of Aug. 31 from 76.8% a month earlier due to a decline in overall market performance, according to the Milliman 100 Public Pension Funding index. During August, Milliman estimated that public pension plans had an aggregate investment return of -1.6%, with an estimated range of -2.4% to -0.8%. "With August's results, only 17 of the 100 PPFI plans now stand over the 90% funded...

September 20, 2023
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20Sep

UK: Buying A Distressed Business With A Defined Benefit Pension Scheme

Alexandra Wood, Devi Shah and Andrew Block discuss the additional complexities which a PE firm will face when acquiring a distressed business with a defined benefit occupational pension scheme, in light of the protections afforded by both the UK legislative framework and the role and support of the Pensions Regulator. Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England & Wales), Mayer Brown...

September 20, 2023
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