August 2019

20Aug

México. Triste realidad: Las pensiones serán bajas, pero hay quienes no podrán alcanzar nada

Ante la dificultad para que los trabajadores que cotizan al sistema de afores accedan a una pensión, la Asociación Mexicana de Administradoras de Fondos para el Retiro (Amafore) buscará que en la iniciativa de reforma que se presente a mediados de este sexenio se modifique el requisito de la densidad de cotización, que actualmente es de mil 250 semanas. 11.9 millones de mexicanos atraviesan un estancamiento económico Por la intermitencia entre la formalidad y la informalidad laboral y...

August 20, 2019
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20Aug

Perú. ¿Dónde invierten las AFP los aportes de sus afiliados?

En conversación con El Comercio, Mariano Álvarez, gerente general de AFP Habitat, y Álvaro Arbulú, socio de impuestos de EY Perú, explican la manera cómo operan las AFP Este Diario conversó con Mariano Álvarez, gerente general de AFP Habitat, y Álvaro Arbulú, socio de impuestos de EY Perú, sobre las diferencias entre la Oficina de Normalización Previsional (ONP) y las Administradoras de Fondos de Pensiones (AFP), y respecto al impacto de la crisis política en la rentabilidad de los...

August 20, 2019
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20Aug

South Africa. Prescribed assets: What government could do with your retirement savings

The ANC’s economic policy head said the party is investigating using prescribed assets to avoid an IMF bailout. Prescribed assets will force SA asset managers and pension funds to invest in the country’s bonds and state-owned-enterprises. The last time South Africa had prescribed assets, the apartheid regime forced retirement funds to invest half of all savings in government bonds. ANC economic policy head Enoch Godongwana made headlines over the weekend when he said the party is investigating the use...

August 20, 2019
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20Aug

Israeli household income plummets after retirement

The average income of Israeli households plummets by more than one-third upon retirement, a new study has revealed, leaving pensioners with lower incomes than retirees across almost all developed European countries. According to a new study carried out by Dr. Aviad Tor-Sinai and Prof. Avia Spivak at Ben-Gurion University of the Negev’s Pensions, Insurance and Financial Literacy Center, income after retirement among Israeli pensioners stands at 65.9% of their pre-retirement income The dramatic decline by age 67, just two...

August 20, 2019
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20Aug

Execute your watchdog role effectively: President of Ghana to regulatory agencies

President Akufo-Addo has charged regulatory agencies in Ghana to be up and doing in the discharge of their duties in order to safeguard the activities of the private sector. Addressing the opening ceremony of the National Conference on the Implementation of the African Continental Free Trade Area (AfCFTA) Agreement in Ghana on the theme; “Harnessing the Benefits of the African Continental Free Trade Area (AfCFTA) for a Ghana Beyond Aid,” at the Accra International Conference Centre (AICC), President Akufo-Addo...

August 20, 2019
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20Aug

How UK has worst elderly poverty in western Europe: Study

The proportion of elderly people who are living in severe poverty in the UK is five times what it was in 1986, the Pension Reforms and Old Age Inequalities in Europe report found. The rate has shot up from 0.9 percent to around 5 percent. Professor Bernhard Ebbinghaus of the University of Oxford blamed state pensions for the rise in poverty among people aged 65 and over. He told The Observer: “The UK is a good example of the...

August 20, 2019
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20Aug

US. The looming crisis in long-term care

Taking care of the aging population is a crisis in the making, and no one — not families, not government programs and not the health care workforce — is prepared for it. The big picture: Providing health care to aging Baby Boomers will strain Medicare’s finances, but the problem is even bigger than that. Long-term care — the kind of services typically performed in a nursing home or by a home health aide — largely falls through the cracks...

August 20, 2019
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19Aug

Salvadoreños viven más tiempo pero no ahorran para su vejez

Martha tiene actualmente 63 años de vida, pero su condición física es tan buena que los doctores le auguran unos 20 años más. Sin embargo para ella ese dato, lejos de alegrarla, le aterra, pues eso significará gastos financieros que no puede cubrir pues no ahorró para una pensión y ahora se volverá dependiente económica de sus hijos. Como Martha hay miles de salvadoreños que aún tienen muchos años de vida por delante pero que no tienen ingresos que...

August 19, 2019
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19Aug

México. Peligran pensiones de 48% de afiliados

El 48% de las cuentas administradas por las Afores está inactivo, por lo que la pensión para esos trabajadores peligra porque no alcanzarán a cubrir los requisitos de Ley. Las cuentas inactivas son aquellas que dejaron de recibir aportaciones durante tres meses consecutivos, una situación en la que están principalmente los trabajadores que abandonaron su empleo formal y se emplean en la informalidad, explicó Berenice Ramírez, catedrática de la UNAM y especialista en el tema de pensiones. De acuerdo...

August 19, 2019
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19Aug

South Africa should look to pensions instead of an IMF bailout: ANC

The ANC is looking at the possibility of using private and public pension funds to rescue the country’s struggling state-owned enterprises. In an interview with the Sunday Times Enoch Godongwana, head of the party’s economic transformation subcommittee, said that the asset management industry currently has R6 trillion under management which should be borrowed by government. Godongwana said using this approach to gather funds is better than going the International Monetary Fund (IMF) for a bailout. “Why would you go...

August 19, 2019
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