July 2023

Ghana. Inevitable 2nd round of DDEP: Will organized labor sacrifice pension funds?

Ghana, like many other countries, has faced significant economic challenges due to the global pandemic and mounting debt burdens. Despite recent efforts to restructure a portion of its domestic debt, Ghana still finds itself grappling with a substantial financing gap. The recent formation of a creditor committee, co-chaired by China and France, and their statement urging negotiations for debt treatments underscore the inevitability of another round of domestic debt restructuring for the country. This article will examine the factors leading...

UK. ‘It’s exhausting but I think I’m going to have to keep working’: the over-65s who can’t afford to retire

Dee, 67, who lives in Accrington in Lancashire, left school at 14. She worked in factories, hairdressing shops and bars, and did secretarial temp work all over the country before she took a job at HM Revenue and Customs, where she worked full-time for 23 years. Last year, in May, she began her retirement, but after only a few weeks she realised that she could not afford it because of the rising cost of living. “I had two months off,...

Cambodia. NSSF began rolling but, is it a boon or bane for informal sector?

The much-awaited National Social Security Fund has begun rolling, covering 70 percent of  about seven million workers or self-employed in the informal economy—about 85 percent of the total labour in the economy as a whole. But doubts still persist in the minds of informal workers and self-employed. They wonder why the NSSF is not providing both health care services and retirement pensions like those who in the formal sector as all pay a premium to NSSF. In a major resolution...

June 2023

México. Por reforma, reciben jubilados hasta 72% de su último salario

Un mayor número de mexicanos con cuenta de Afore ha logrado mejorar las condiciones de su jubilación por la reforma realizada en 2020 al sistema de pensiones, alcanzando más de 70% de su último salario de cotización, dijo el presidente de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar), Julio César Cervantes. “Si no hubiéramos tenido la reforma, la expectativa con datos reales de trabajadores que han solicitado su pensión, es que únicamente 4 mil personas habrían...

Peru. Protección laboral a repartidores: la gran deuda política

El empleo precario en el Perú va en moto y te lleva las compras a la puerta de tu casa (aunque se limitan a los distritos top de sus regiones): 9 de cada 10 repartidores no tienen claro cuál es su vínculo con las empresas que facturan en nuestro país, pero no pagan impuestos porque están domiciliadas en el extranjero, recuerda Alejandra Dinegro, socióloga y directora del Observatorio de Plataformas Perú. Hasta el momento no hay una cifra oficial sobre...

Colombia. Entrevista | Gobierno Petro tiene varias opciones para administrar pensiones regionales por $55 billones

Valora Analitik habló con Flor Esther Salazar, directora de Regulación Económica de la Seguridad Social (Dress) y con José Roberto Acosta, director de Crédito Público del Ministerio de Hacienda de Colombia sobre lo que viene en el proceso para administrar los $55 billones de las pensiones regionales del Fonpet. Como se sabe, el viernes 23 de junio fue declarado desierto el proceso de adjudicación de esos recursos que están depositados en el Fondo de Pensiones Territoriales (Fonpet) porque no hubo...

US. DC assets concentrated in a few money managers

Vanguard Group had $1.78 trillion in U.S. defined contribution assets under management at the end of 2022, representing 21% of the $8.43 trillion in DC AUM, based on data collected by Pensions & Investments in its annual money manager survey. BlackRock followed with $1.16 trillion. The five largest managers of U.S. DC assets had 60% of the total and the top 10 accounted for 79%. The five DC managers with the most DC AUM had equity assets ranging from BlackRock's...

Analysis: Dutch pension fund reform spells investment rethink

An overhaul of the private pensions system in the Netherlands - the biggest in the European Union - is leading asset managers there to rethink how they invest 1.5 trillion euros ($1.64 trillion) of retirement savings. Asset managers for top Dutch pension funds said the reform, which takes effect on Saturday, could spark outflows from euro zone government bonds in favour of riskier assets and change the way such funds protect themselves from swings in interest rates. Changes approved in May...

UK. Half of DC pension savers don’t know how to access retirement pot

Almost half of defined contribution (DC) pension savers in their 50s and 60s have not considered how they will access their retirement pot, a study finds. The Institute for Fiscal Studies (IFS) research published today (30 June) finds that close to half of working-age people have at least a small amount of wealth held in DC pensions. Wealthier people are more likely to have DC pension wealth — 60% of individuals in the top tenth of the (non-pension) wealth distribution have...

México. SAR cuenta con más de 14,000 Asesores Previsionales

El Sistema de Ahorro para el Retiro (SAR) ya cuenta con más de 14,000 asesores previsionales registrados y certificados, de acuerdo con información de la Comisión Nacional del Sistema del Ahorro para el Retiro (Consar). Julio Cervantes Parra, presidente de la Consar, confirmó a El Economista que los Asesores Previsionales han dado un salto de calidad en el servicio que las administradoras de fondos para el retiro (Afores) brindan a los trabajadores con cuenta de ahorro. El presidente de Consar comentó...