November 2023
06Nov

UK. DWP urging almost a million people to claim extra £67 each week

People are being urged to claim extra benefits worth about £67 a week from the Department for Work and Pensions (DWP). X (formerly Twitter ) was used to send out an alert regarding benefits and pensions on Wednesday. As part of its efforts to encourage people to check if they are eligible for financial support worth thousands of pounds each year, the DWP continues to urge people to do so. A post from its official account said: "Don't miss out on #PensionCredit....

November 6, 2023
News, ,
Read more...
06Nov

South Africa: Potential Major Changes Affecting Occupational Retirement Plans

The South Africa government has proposed that changes to the two-pot retirement system, which gives workers access to pension funds before retirement, be delayed by a year. Employer Action Code: Act Draft legislation to amend South Africa's Income Tax Act and the Pension Funds Act would allow members of occupational retirement plans to access part of their future retirement accruals during employment, with the remainder accessible only upon retirement or death (known as the "two-pot" system). Existing payout rules would still...

November 6, 2023
News, ,
Read more...
06Nov

Africa could come to the rescue of the aging world

Big change is coming to the world. This is not entirely because of global warming. Change is also occurring because of a sharp decline in the rate of human fertility. In the developed world, women are having fewer children than ever before. Demographers have determined 2.1 children per woman as a critical threshold below which the size of the population would begin to decline. In North America, Europe and Australia the rate is well below this level with the...

November 6, 2023
News, ,
Read more...
03Nov

México. Reducción de jornada laboral: Argumentos a favor y en contra durante Parlamento Abierto

Durante las sesiones de Parlamento Abierto en la Cámara de Diputados iniciadas desde el pasado 16 de octubre, activistas, empresarios, políticos, científicos y médicos han expuesto sus razones a favor y en contra de la reforma al artículo 123 de la Constitución Mexicana, con la cual se planea reducir la jornada laboral de 48 a 40 horas. Entre las voces a favor se encuentra Alma Paz, activista conocida como “La de RH” en redes sociales. Durante la mesa de diálogo  “Repercusiones económicas, fiscales, sociales y de salud de...

November 3, 2023
Noticias,
Read more...
03Nov

España. Así será la subida de las pensiones en 2024 según la previsión del Gobierno

El Estado paga más de 10 millones de pensiones contributivas al mes, prestaciones todas ellas que se verán revalorizadas a principios de año y que en este momento ya suponen un gasto mensual de 12.000 millones de euros, un 11,6% del Producto Interior Bruto (PIB). Esta subida anual se hará en base a la evolución de la inflación. Desde 2022 y la entrada en vigor de la primera pata de la 'reforma Escrivá' de las pensiones, los incrementos en las pensiones no...

November 3, 2023
Noticias, , ,
Read more...
03Nov

Colombia. Petro encendió alertas por desvalorización de fondos de pensiones ¿Es muy grave?

Desde la presidencia de Colombia Gustavo Petro ha liderado varias batallas, una de ellas contra el sistema pensional el cual busca reformar para darle más protagonismo al Estado y quitarle relevancia a “los banqueros”. Es por ello que cuando el sistema pensional presenta balances negativos el presidente Petro exalta dichos resultados y enfatiza en la necesidad de implementar un sistema pensional en donde el Estado se encarga de administrar los recursos de los trabajadores. Entre julio y septiembre los fondos de pensiones...

November 3, 2023
Noticias, ,
Read more...
03Nov

US. UAW’s Big 3 Retirement Deals Fall Short of Pension Revival

The United Auto Workers had an overarching goal last summer as it headed into negotiations with Detroit’s Big Three: claw back as many concessions as possible from the Great Recession, then keep pushing for an even better deal. In many ways it succeeded, with retirement being a notable exception. While the union won big improvements for savings plans, its long-shot endeavor to bring back pensions for younger members went nowhere, even as it won historic gains in pay and the elimination...

November 3, 2023
News, ,
Read more...
03Nov

UK. FCA bans Geoffrey Armin for failures in advice given to British Steel Pension Scheme Members, with £200k to be paid in compensation

The FCA found that Mr Armin, while running Retirement and Pension Planning Services Limited (dissolved), was seriously incompetent when advising on defined benefit (DB) pension transfers. Mr Armin advised 422 customers on the transfer of their DB pensions, including 183 members of the British Steel Pension Scheme – 174 of whom transferred out of the scheme following his recommendation. These fees added up to £2.2m for all DB transfer advice, 55% (approximately £1.2m) of which was retained by Retirement...

November 3, 2023
News,
Read more...
03Nov

CrusaderSterling Pensions bags Africa’s Most Innovative Pensions Fund Management Company of the Year 2023 award

CrusaderSterling Pensions Limited (CPL) has been honoured for its exceptional dedication and innovation at the 4th Africa Financial Technology Congress (AFTC), where it was awarded “Africa’s Most Innovative Pensions Fund Management Company of the Year 2023.” This recognition serves as a testament to CrusaderSterling Pensions’ unwavering commitment to delivering financial solutions that empower individuals to secure their financial futures. The company has consistently demonstrated its ability to embrace technological advancements, implement new strategies, and adapt to the evolving needs of its...

November 3, 2023
News,
Read more...
02Nov

Estos son los principales cambios que propone la reforma de las pensiones en España

España se encuentra en medio de una significativa reforma de su sistema de pensiones con el objetivo de asegurar la sostenibilidad a largo plazo del sistema público de reparto y garantizar prestaciones dignas y equitativas. Esta reforma presenta novedades destinadas a beneficiar a las pensiones mínimas, permitiendo que estas aumenten por encima del Índice de Precios al Consumo (IPC). Además, ofrece opciones para una jubilación anticipada bonificada a aquellos pensionistas con carreras de cotización extensas, es decir, más de 44 años y medio de contribución al...

November 2, 2023
Noticias,
Read more...