December 2023

Yet another twist for South Africa’s new pension system

The standing committee on Finance has once again changed the implementation date of the two-pot retirement system. In the new retirement system, up to one-third of all retirement savings will be placed into a “savings pot”, which will be accessible before retirement. A minimum of two-thirds of a pension fund will then be placed into a “retirement fund”, which can only be accessible at retirement. This is designed to ensure that South Africans can access some funds in case of emergency while...

The World’s Shrinking Birth Rate

Vox online reports that in the US, the birth rate has dropped almost twenty-three percent in the last fifteen years. Today, the average American woman has about one point six children, down from three in nineteen fifty, and significantly below the “replacement rate” of two point one children needed to sustain a stable population. In Italy, twelve people now die for every seven babies born. In South Korea, the birth rate is down to less than one child per...

México. ¿Cuánto será la pensión mínima garantizada del IMSS en 2024?

Hace unos días se anunció un incremento del 20 por ciento para el salario mínimo para 2024. Y esto es importante sobre todo por los elementos que se impactan a partir de este nuevo salario. Uno de ellos es la pensión mínima garantizada del IMSS. Según explican las instituciones de salud, la pensión mínima garantizada es aquella en la que “el Gobierno Federal asegura a los pensionados al amparo de la Ley del Seguro Social” y cuyo “monto mensual es equivalente a un salario mínimo...

España. Economía.- El 84% de las gestoras considera “prioritario” recuperar los límites de aportación a los planes de pensiones

  El 84% de las gestoras de planes de pensiones en España considera "prioritario" recuperar los límites de aportación a planes individuales, situados en los 8.000 euros al año, según los datos de la XIV encuesta sobre planes de pensiones elaborada por el Observatorio Inverco y divulgada este lunes. La patronal del sector ha resaltado además que el 52% de las entidades encuestadas considera que el ahorro a largo plazo perdido durante estos tres años -desde que comenzó el proceso de...

The Largest U.S. Pension Fund Just Rolled Out A Climate Transition Plan Focused On Risk And Opportunity

There are times when an established company, an investor, a startup makes a move that is so strategic—so in tune with the risks and the opportunities of the moment—that it marks the shift between the market’s past and its future. We recently witnessed that moment. In a bold step tailored to meet the existential challenges and colossal financial risks of a warming climate and harness the massive opportunities of the shift to a new clean economy, California Public Employees' Retirement System...

Almost a third of UK adults unaware of old pension pots

Almost a third of adults in the UK suspect that they may have a pension pot that they are either unaware of or have not considered before. Research carried out by Opinium for the fintech company Gretel found that 30 per cent of respondents believe they may be in the dark about some of their pension savings. Almost three in 10 UK adults also believe they have at least one lost or dormant investment vehicle, bank account, child trust fund or...

Dutch pension fund PMT sells most fossil fuel holdings

Pensioenfonds Metaal & Techniek (PMT) has divested from 40 oil and gas companies, but remains invested in nine companies with “sufficiently convincing plans” for the energy transition and carbon reduction. All of the retained companies are headquartered in Europe. Over the past two years, the pension fund had asked all companies in the oil and gas sector in which it invests to commit to the Paris Agreement and set sufficiently ambitious and substantiated CO2 reduction targets. Forty of those companies could not meet...

México. Afore Sura interesada en financiar compra de plantas de Iberdrola, pero debe ‘indagar a fondo’

Afore Sura está interesada en financiar la compra de las 13 plantas que Iberdrola acordó vender al gobierno mediante el fondo privado Mexico Infraestructure Partners (MIP), aunque aún debe analizar a profundidad la información de los activos y trabajar en los términos y condiciones del acuerdo. “Tiene que estar muy clara la seguridad jurídica a largo plazo, los economics de los intermediarios que participan para la administración de este CKD tienen que quedar muy claros también”, dijo el director de la Administradora de Fondos para el...

Meeting multiple objectives: The pension fund addressing mental health

With the right governance models pension funds can play a role in broader societal issues, such as mental health in the workplace, while still delivering financial security for members. A unique “democratic governance structure” at the Danish Velliv Association allows it to manage multiple objectives – delivering value to members and focusing philanthropic efforts on mental health in the workplace –  chief executive Lars Wallberg told delegates at the Sustainability in Practice conference at Oxford University. The commercial Danish pension...

November 2023

México. Jueza suspende extinción de fideicomisos que otorgaban pensiones complementarias a magistrados

El magistrado Froylán Muñoz Alvarado consideró “histórica” la decisión de la jueza Elizabeth Trejo Galán, quien concedió una suspensión definitiva en el juicio de amparo 1754/2023 contra el decreto legislativo que busca extinguir los Fideicomisos del Poder Judicial de la Federación. En entrevista para Aristegui En Vivo, Muñoz Alvarado destacó la singularidad de este caso, el cual, señaló, se convierte en un desafío para la estabilidad financiera del Poder Judicial de la Federación. “Estamos en esa circunstancia de un decreto legislativo...