August 2019

Japan’s Government Pension Investment Fund to Support ADB’s Green Projects

The Asian Development Bank (ADB) and Japan’s Government Pension Investment Fund (GPIF) recently formed a partnership to support green project financing through investments in ADB’s green bonds. “We are pleased to collaborate with GPIF on this important initiative that promotes environment-related investments in Asia and the Pacific and is closely aligned with ADB’s development mandate,” ADB President Mr. Takehiko Nakao said. ADB issues green bonds to finance projects in the Asia and Pacific region that help its developing member...

Stanford analyzed 292 retirement strategies to determine the best one—here’s how it works

In 2017, the Stanford Center on Longevity analyzed 292 different retirement income strategies and determined the best way for most people to withdraw their savings. It’s called the “spend safely in retirement strategy” (SSiRS) and involves two basic components: delaying Social Security benefits and creating an “automatic retirement paycheck.” In a new 2019 report, “Viability of the Spend Safely in Retirement Strategy,” the research team took a deeper dive into the SSiRS and explored different ways to implement it....

Con nubarrones en el horizonte, fondos de pensiones en México buscan refugio a paso récord

El deterioro en las perspectivas de crecimiento económico en México para 2019 y 2020 está llevando a los fondos de pensiones locales a apostar, a una velocidad histórica, la mayoría de su cartera de 194,000 millones de dólares a lo seguro: los bonos gubernamentales. Sólo en los últimos 12 meses a junio, estos fondos conocidos como Afores multiplicaron su ritmo de inversión en deuda mexicana ocho veces frente a lo destinado en el periodo de junio de 2017 al...

Ahorro para el retiro mantiene cifras históricas pese a volatilidad

Al cierre de julio de este año, el saldo en el Sistema de Ahorro para el Retiro (SAR) se mantuvo en un nivel máximo histórico de tres billones 728,044 millones de pesos, con lo que sumó ocho meses al hilo de aumentos, pese a la alta volatilidad en los mercados en el último mes. De acuerdo con la actualización de cifras de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar), la cifra significó un incremento de...

Early retirement is becoming more and more popular in Germany

To many people, it may seem like a far-fetched dream, but to an increasing number, early retirement is becoming an everyday reality. For some time now, workers in Germany have been able to pay additional contributions towards their pension in order to be able to retire early without penalties. The latest figures show that the scheme is becoming more and more popular - but it costs a pretty penny. Voluntary pension contributions on the up The Deutsche Rentenversicherung, the...

Sri Lanka has second highest welfare coverage in Asia

Sri Lanka has the second highest welfare coverage in Asia, albeit with low spending per person, while other forms of social protection are below par, the Asian Development Bank said. The Social Protection Indicator for Asia Report said that Sri Lanka has the second highest social assistance (welfare assistance and child, elderly and disability assistance) coverage, reaching 54.7 percent of the programs' intendent recipients, behind Thailand's 60 percent. "Sri Lanka’s coverage was well balanced along with welfare assistance, including...

Judges pensions grow almost ten times the social pensions’ growth in Ukraine

Experts from the National Council for Economic Development, as usual, analyzed how average pension has grown for different categories of people. The undisputed growth leader, as before, is the lifelong maintenance of judges. Over the year, pension for this category grew by 78%. The largest category of retired people, namely by age, received an average of 16.7% higher. And, traditionally, the last place belongs to the category of social pensions, where the growth is by 7.9%. The lifelong maintenance...

México. Aportaciones, sobre riesgos: Amafore

El gremio de las afores está más preocupado por que se alcance una solución de corto y mediano plazo para aumentar el monto de la aportación obligatoria —que hoy es de 6.5%, y debe de llegar a 15%—, que por cualquier potencial escenario de riesgo por decisiones radicales. Para la Amafore no hay posibilidad de un regreso al pasado en el sistema privado de pensiones, ni riesgo de que el gobierno decida tomar los recursos que los trabajadores ahorran...

Chile. Dónde está la mayor preocupación de las AFP con la Reforma Previsional

La gestión financiera y la definición de la estructura institucional que se creará para administrar el 4% adicional de cotización obligatoria de los trabajadores ha sido, por lejos, el principal foco de atención de la primera etapa de discusión pública de la Reforma Previsional. El tema ha activado un conjunto de indicaciones parlamentarias, principalmente desde la oposición, y ha desatado críticas de distintos expertos y técnicos por la exclusión explícita de las AFP en este nuevo segmento de ahorro....

Ireland. Pensions time-bomb: Risk report warns workers not saving enough – or at all – for retirement

A major Government report has warned of a looming pensions time-bomb as the number of people entitled to the State pension is set to more than double over the next 36 years. The latest national risk assessment, published today, has identified the country’s ageing population as one of the most significant risks facing the State in the coming years. And it warned that Ireland’s low level of private pension coverage – just 35pc of private-sector workers have their own...