December 2018

06Dec

Nigeria: Military alerts public on scam on retirees

Nigeria’s Military Pension Board (MPB) has alerted retirees and families of deceased personnel of the circulation of “fake and malicious” messages by impostors to defraud them of their hard earned income.The Public Relations Officer, Flt.-Lt. Obasi Okoroafor, said the board has advised them to promptly report such fraudsters to the nearest military unit. Okoroafor said the MPB was dismayed by the circulation of the fraudulent messages by mischievous elements claiming to be its agents. “The dubious messages request for money from...

December 6, 2018
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06Dec

US. Pensions Are a Hot Recruiting Tool in Health Care: Cerulli

Many hospitals' DB plans are not as well-funded as other corporate pensions, Cerulli reports. Even as most organizations have moved away from defined benefit plans in favor of defined contribution plans, not so health and hospital systems. Instead, according to research from Cerulli Associates, some within the health care industry that are having a rough time attracting and hanging onto talent are looking to leverage pensions as a recruitment tool. “While corporations are generally moving toward defined contribution plan offerings, health and...

December 6, 2018
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06Dec

Perú. AAFP: El ingreso de una nueva AFP sería positivo para la competencia

Sin embargo, Giovanna Prialé, presidenta de la asociación de AFP, señaló que para tener mayores pensiones se debe aumentar la densidad de aportes del trabajador. La presidenta de la asociación de AFP, Giovanna Prialé, señaló que desde su gremio esperan que con el eventual ingreso de una nueva AFP, el país tenga estabilidad jurídica y se respeten las reglas de juego; es decir, respetando, sobre todo, la capitalización individual. "Tengo mis ideas ahí dando vueltas (sobre cuál podría ser)", comentó Prialé,...

December 6, 2018
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06Dec

UK pension funds may have to clear, post-Brexit

Delays to Emir review raise fears that UK schemes may lose exemption Large UK pension funds may have to start clearing derivatives trades with European counterparties in the event of a no-deal Brexit, lawyers warn. The funds are currently exempt from clearing thanks to a carve-out from the European Market Infrastructure Regulation. But once Britain leaves the European Union, UK funds will be considered “third-country” entities – unless regulators strike a deal on equivalence. “From the point of view of a bank...

December 6, 2018
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05Dec

México pagará las peores pensiones del mundo: OCDE

Más sobre este tema OCDE. Perspectivas de Pensiones 2018 La OCDE pide a España más ajustes con las pensiones Chile. OCDE cuestiona sistema de licitación de AFP para nuevos afiliados y grafica sus deficiencias con Planvital La prevención de la pobreza en la vejez es el principal reto que enfrentan los sistemas de pensiones en el mundo, ante el incremento en la esperanza de vida a nivel mundial y los bajos rendimientos que otorgan las inversiones en esos sistemas, advirtió...

December 5, 2018
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05Dec

Chile. AFP: Cuatro de los cinco fondos de pensiones cerraron con rentabilidad positiva

El Fondo A (más riesgoso) fue el único en anotar una pérdida mensual. En noviembre pasado, cuatro de los cinco fondos de pensiones del sistema lograron cerrar con rentabilidades positivas. El Fondo A (más riesgoso) fue el único en anotar una pérdida mensual, de 0,13%, resultado principalmente de los negativos retornos de las inversiones en instrumentos extranjeros. Un desempeño distinto del observado en los restantes cuatro fondos de pensiones, los que lograron cerrar con cifras azules de la mano de las inversiones...

December 5, 2018
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05Dec

UK. BT loses appeal to change method of pensions calculation

BT has lost a legal bid to make changes to its pension scheme that unions claim would have transferred an estimated £2bn of wealth from scheme members to shareholders. The court of appeal dismissed the company’s request to change the way it calculates increases to pensions – a move that would have affected more than 80,000 members of the scheme. These members each typically stood to lose an estimated £24,000 in future pension benefits if the appeal had been upheld, according...

December 5, 2018
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05Dec

Who Wins The Retirement Game?

On the plane to a family Thanksgiving a nice seatmate asked what kind of work I do (as she watched me struggle with a spreadsheet). I brightly told her I am an economics professor working to expand pensions to solve the retirement crises. She looked at me blankly and said, "I'm Canadian, we don't have these problems. That stopped me short. Really? Canada? Has the friendly nation to the north figured it out? Canada has been described, in jest of course,...

December 5, 2018
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05Dec

Brazil. Bolsonaro begins political contacts to address pensions scheme with piecemeal reforms

Right-wing President-elect Jair Bolsonaro said on Tuesday he plans to tackle the overhaul of Brazil's fiscally burdensome pension system with piecemeal reforms that can pass Congress, starting with an increase in the minimum age of retirement. He said reforms should start with the public social security system and advance gradually to make sure they pass Congress. ”The idea is to start with the (minimum) age, attack the privileges and take it forward,“ Bolsonaro said at a news conference, warning that...

December 5, 2018
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05Dec

Kenya. Review of pensions law underway: Yatani

There is need to review the pensions law to ensure what retirees are paid reflects prevailing cost of living, Labour and Social Protection CS Ukur Yatani has said. "In pursuit of your association's objectives, working in close collaboration with your representatives, my ministry has developed a memorandum that will be submitted to the Cabinet soon for consideration and necessary action,” said Mr Yatani during the annual general meeting of Kenya Association of Retired Officers (KARO). The memorandum highlights, among others,...

December 5, 2018
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