October 2023

El sistema de pensiones español se mantiene como uno de los más generosos pero menos sostenibles

La consultora multinacional Mercer ha vuelto a analizar los principales sistemas de pensiones del mundo —este año, 47 países, que representan al 64% de la población mundial, forman parte del estudio— para concluir que España sigue contando con uno de los sistemas de pensiones públicos y privados en su conjunto más generoso, con las prestaciones más suficientes y bien gestionadas pero con una baja sostenibilidad financiera en el medio y largo plazo España se mantiene en el mismo puesto con respecto...

US. Corporate pension funded status drops

The average corporate pension funded status dipped to 104% in September from 104.4% the previous month, based on data tracked by NISA Investment Advisors for its Pension Surplus Risk index. In July, the funded status was 105.4%. NISA's PSRX, which measures the funded status volatility of U.S. corporate pension plans, rose to 6.9% in September. It was the third consecutive monthly increase. The PSRX measures a one standard deviation change in the funded status over a year. Hence, there is about...

UK. Regulatory change is pension schemes greatest concern

The 2023/24 edition of Aon’s Global Pension Risk Survey – published every two years for over a decade - charts the actions, plans and concerns of UK DB pension schemes. The UK survey had a total of 204 responses, covering DB schemes of all different sizes, from the relatively small (less than £100 million) to the very large (over £10 billion). This year, 63 per cent of respondents were trustees, including professional trustees, while a quarter were pension managers,...

Australia pension fund plans up to $1.3 bln in clean energy investment

Australia's third-largest pension fund expects to invest up to A$2 billion ($1.3 billion) in a venture specialising in smaller-scale solar and battery installations as the country overhauls its electricity network to produce clean energy. Aware Super, which manages A$160 billion, announced on Wednesday a A$300 million partnership with Birdwood Energy to finance distributed renewable energy projects, and expects its investment to grow to up to A$2 billion as more projects become ready for financing. The partnership's planned investments in smaller-scale projects,...

More German pensioners are slipping into poverty each year

For an increasing number of retirees, Germany’s state pension payments are not sufficient to keep up with the rising cost of living. While the Left Party are calling for a 1.200-euro per month pension, the VdK argue that insecure working conditions lie at the heart of the problem. 10 percent more retired people are claiming benefits in Germany A request submitted to the Federal Office of Statistics (Destatis) by the German Left Party has revealed that between June 2022 and June 2023, the number...

El ahorro voluntario aumento en México, pero hay que seguir impulsándolo

Al cierre del tercer trimestre, el ahorro voluntario que reportaron las afores fue de 128 mil 259.4 millones de pesos, de acuerdo con estadísticas de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). Este saldo es 19.6% superior al reportado al cierre del tercer trimestre de 2022 cuando llegó a 107 mil 108.3 millones de pesos, es decir, 21 mil 151.1 millones más. Un avance que no es despreciable, pero tampoco suficiente, de acuerdo con Guillermo Zamarripa, presidente de la...

Chile. Reforma de pensiones: el Gobierno de Boric congela su proyecto estrella por falta de acuerdos

Las negociaciones para la reforma de pensiones en Chile han entrado en un punto muerto: el Gobierno de izquierdas de Gabriel Boric ha decidido congelar el trámite legislativo hasta después del plebiscito del 17 de diciembre, cuando el país sudamericano deberá votar a favor o en contra de un nuevo texto constitucional. Lo hace tanto por la falta de consensos políticos –el Gobierno no tiene mayorías ni en la Cámara de Diputados ni en el Senado y el ambiente político está...

Colombia. Fondo de ahorro de pensiones se acabará en 2070 y se deberá pagar con impuestos

El futuro del fondo de ahorro de pensiones en Colombia se vislumbra incierto, ya que se estima que se agotará en su mayoría para el año 2070. La noticia ha generado preocupación en el ámbito fiscal y ha suscitado un debate sobre el sistema de pensiones en el país. El Ministerio de Hacienda otorgó recientemente un aval fiscal para la reforma pensional que se avecina, aunque este aval ha desencadenado cuestionamientos. En particular, se destaca que a partir de 2070, se...

Mercer CFA Institute Global Pension Index 2023 sees Netherlands return to the top spot and highlights potential of AI to improve retirement outcomes

Mercer and CFA Institute have released the 15th annual Mercer CFA Institute Global Pension Index (MCGPI). The Netherlands’ retirement income system has regained the top spot on the list, with Iceland and Denmark taking second and third places respectively.“The average age of populations around the world continues to rise in many markets, mainly more mature markets,” said Margaret Franklin, CFA, President and CEO, CFA Institute. “Inflation and rising interest rates have created a new market dynamic that poses significant challenges to...

US. DOL working on pension risk transfer rule review amid hot market

While pension risk transfer (PRT) deals continue to break records, federal regulators are nearing a deadline for review and recommendations of Interpretative Bulletin 95-1. Issued by the Department of Labor in 1995, IB-95 lays out the fiduciary standards for selecting an annuity provider for a pension risk transfer. Under the rule, pensions must consider the provider’s investment portfolio, size relative to the annuity contract, level of capital and surplus, liability exposure, and availability of state government guaranty associations. According to provisions in the...