December 2019

09Dec

KPMG agrees to management buy-out of UK pensions division

KPMG has agreed a deal for the buy-out of its UK pensions division, which will continue to serve clients under the ownership of its current management team. The management buy-out is understood to have been backed by Exponent Private Equity, the private equity firm which entered into exclusive talks with KPMG for the purchase in October. In recent months, KPMG has been conducting a continuous restructuring of its UK operations. The Big Four firm sunk a £45 million investment...

December 9, 2019
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09Dec

Pakistan. PMYAP ‘Social Protection’ programme to provide social security, legal aid to youth

Prime Minister Youth Affairs Programme (PMYAP)has worked out its first comprehensive “Social Protection” programme aimed to provide social security and legal aid to the youth facing community issues and conflicts. A PMYAP official told APP, the programme would provide protection and security to the youth who were indulged in drug addiction and other wrong practices leaving their household in pathetic condition adding,“It would create awareness among the youngsters to prevent from social evils and wrong practices and would also...

December 9, 2019
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09Dec

US. Workers Across All Income Levels Are Making This Major Retirement Plan Mistake

By Maurie Backman Without independent savings, retirees risk struggling financially during their golden years. That's why workers are advised to sock away funds in an IRA or 401(k) -- to ensure that they have enough money to cover their living expenses when they're older. But data from J.P. Morgan Asset Management reveals that workers across all income levels are borrowing money from their retirement plans. And that's a troubling trend. The problem with borrowing from your retirement plan Though middle-income...

December 9, 2019
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06Dec

Fintechs and financial inclusion

By Gayatri Murthy, Maria Fernandez-Vida As Fintech companies targeting poor and underserved customers grow and scale, there is a lack of granularity on how their business models solve pain points in financial inclusion and what the industry can learn from the iterations in their business models. CGAP launched a fintech initiative in 2016 to better understand these innovations and draw clear linkages to financial inclusion, where they existed. We worked with 18 fintechs in Africa and South Asia that...

December 6, 2019
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06Dec

The Comprehensive Wealth of Older Immigrants and Natives

By David A. Love, Lucie Schmidt This article compares the retirement preparations of immigrant and native-born Americans aged 51 or older. The authors estimate the present value of future income streams in calculating measures of comprehensive wealth and an annualized equivalent. In addition to some significant differences in median annualized wealth between immigrants and natives, the authors find that the most recent waves of immigrants are more financially vulnerable in retirement than earlier immigration cohorts were at similar ages....

December 6, 2019
Aging, Articles, Labor Market,
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06Dec

Exploring Wealth Inequality

By Cato Institute, Ryan Bourne, Chris Edwards Many political leaders and pundits consider wealth inequality to be a major economic and social problem. They complain about a shift of wealth to the top at everyone else’s expense and about plutocrats dominating policymaking in Washington. Is wealth inequality the crisis that some people believe? This study examines six aspects of wealth inequality and discusses the evidence for the claims being made. Section 1 describes how wealth inequality has risen in...

December 6, 2019
Adequacy, Articles, System Sustainability,
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06Dec

México. Consar reporta crecimiento de 1.2% en ahorro de trabajadores

En el último mes el ahorro para el retiro de los trabajadores registró un aumento de 1.2 por ciento, con lo que acumuló un año con plusvalías, es decir, con crecimiento, reportó la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). Lee también México. Pensión y jubilación de mujeres: cómo garantizar un retiro digno Según datos del organismo regulador y supervisor, el ahorro pensionario en manos de las Administradoras de Fondos para el Retiro (Afore) cerró noviembre de...

December 6, 2019
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06Dec

Chile aprueba incremento de las pensiones más bajas en hasta un 50%

El Senado aprobó, por unanimidad, un proyecto de ley que supondrá un aumento gradual de las pensiones más bajas en hasta un 50 % y que tras su aprobación por la Cámara de Diputados quedó listo para su promulgación como ley. La iniciativa forma parte de la agenda social del Gobierno del presidente Sebastián Piñera derivada del estallido ciudadano que vive el país desde hace casi siete semanas y que tiene en el modelo privatizado de pensiones chileno una...

December 6, 2019
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05Dec

Francia. Macron afronta una huelga por la reforma de las pensiones

Un año después del estallido de la revuelta de los chalecos amarillos, la calle vuelve a desafiar a Emmanuel Macron. Francia puede quedar paralizada este jueves por las protestas en contra de la reforma de las pensiones, proyecto prioritario del presidente de la República. No es una huelga general, pero sus efectos serán parecidos. Se prevé que paren los transportes y las escuelas, entre otros sectores que, sin ser mayoritarios, poseen la llave de la actividad económica. Macron se...

December 5, 2019
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05Dec

México. Fondos generacionales administrarán los recursos de los trabajadores

El sistema de Administradoras de Fondos para el Retiro (Afores) se encuentra a menos de 10 días de tener un cambio sustancial: la llegada de los fondos generacionales. Las Sociedades de Inversión de Fondos para el Retiro, mejor conocidas como Siefores, migrarán a este nuevo esquema para convertirse en Fondos Generacionales (o Target Date Funds, en inglés) o Siefores generacionales. Lee también México. ¿Cómo gestionaron las afores sus inversiones en Bonos “M” y Udibonos para las Siefores Básicas? Las Siefores...

December 5, 2019
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