A partir de la nueva legislación, cada persona decidirá el monto de dinero con el que se va a retirar. De acuerdo con el cálculo publicado en la Comisión Nacional del Sistema de Ahorro para el Retiro, de un ejercicio tomado de las aportaciones mínimas a la afore, el monto promedio máximo obtenido en este cálculo hacia el momento del retiro será apenas 30% del salario base actual. Es decir, si una persona cotiza de acuerdo con la ley...
The pension scheme for university academics would face a deficit of £23bn if it had to be rescued by a government-backed pension lifeboat, the scheme's annual accounts show. The figures will stoke a fierce debate about the Universities Superannuation Scheme's (USS) financial position. It has assets of more than £60bn and provides retirement incomes and savings for about 200,000 UK university staff. The USS said it funds the scheme in a "fair and balanced way". In February and March...
The world’s biggest pension fund posted its second straight quarterly gain as overseas stocks and bonds generated returns even as most major currencies depreciated against the yen. Japan’s Government Pension Investment Fund returned 0.2%, or 257 billion yen ($2.4 billion), in the three months ended June 30, with assets totaling 159.2 trillion yen, it said Friday in Tokyo. Overseas stocks were the fund’s best performing investment, returning 1.3%, followed by overseas debt and domestic bonds. Its Japanese stocks lost...
Ayear ago, Chesapeake Energy, at one time the nation’s largest natural gas producer, announced it was selling off its Ohio Utica shale drilling rights in a $2 billion deal with a little-known private company based in Houston, Texas, Encino Acquisition Partners. For Chesapeake, the deal offered a way to pay off some of its debts, incurred as its former CEO, “Shale King” Aubrey McClendon, led Chesapeake on a disastrous shale drilling spree. Shares of Chesapeake Energy, which in the...
In a nod to the small business community, the Department of Labor issued a final rule earlier this week that may nudge more employers to offer joint retirement plans—MEPs—but it’s not all that employers were hoping for. “This is NOT the MEPs that everyone has been so excited about,” says Nevin Adams, chief of marketing for the American Retirement Association via email. The DOL rule, effective September 30, allows companies in different industries to band together to create a...
Recientemente hemos escuchado noticias tituladas ‘3 de cada 10 millennials tendrán un retiro de pesadilla’ o ‘casi 35% de los millennials tendrán un retiro de pobreza’. Sin embargo, pese al no plan de retiro, los nacidos entre 1980 y 1999 son la población más emprendedora que encontramos. Además, esta generación es de las primeras en invertir en criptomonedas. ¿Quieres saber más sobre la actitud de los millennials ante el dinero? En este artículo lo analizamos: Las criptomonedas: la inversión...
On June 18, 2019 the EU expert group for sustainable finance (TEG) published a proposal for a European definition of environmentally sustainable activities. The taxonomy is best compared to a green encyclopedia for financial market participants. An encyclopedia that provides guidance to investors that are looking to finance the transition to an economy in line with the goals of the Paris Climate Agreement. The TEG’s proposal is a major step towards a European definition of sustainable economic activities....
The Labor Ministry is about to introduce a ceiling on the monthly amount of pensions, to apply retroactively, in order to plug the loophole in the Katrougalos law that allowed for some very large pensions, which in certain cases exceeded 20,000 euros a month. Ministry sources say that the retroactive application means that any pensioners who received very high benefits will now have to return the amount over the ceiling to be set. They add that they will not...
Capital Markets Authority (CMA) has admitted three fintech firms into its regulatory sandbox, allowing them to live test innovative solutions with the capacity to deepen and enhance the efficiency of capital markets. The firms include Innova Limited, Pezesha Africa Limited and a third firm which remains anonymous. Innova will test its cloud-based data analytics platform designed for use by Investors, Fund Managers, Custodian Banks, Actuaries, Pension Administrators and Regulators. Pezesha will test an internet-based crowd-funding platform through which investors...
After discovering retirement plan invested in medical cannabis firm, pot-wary Tennessee to sell stock In a Republican-led state where many top officials, including Gov. Bill Lee, oppose legalizing even medical marijuana, Tennessee's massive $52 billion retirement plan holds a $720,000 investment in the nation's blazing-hot pot industry. The Tennessee Consolidated Retirement System's passively invested small-company stock fund, based on Standard and Poor's S&P Smallcap 600 index, owns 7,009 shares in San Diego-based Innovative Industrial Properties Inc. A real estate...
