July 2019

La nueva Bolsa de Valores mexicana, Biva, aún no hace crecer el mercado

A un año de haber iniciado operaciones, la Bolsa Institucional de Valores (Biva) opera en número rojos y comenzará a ser rentable hasta el 2022, reconoció María Ariza, directora general del centro bursátil. “Las inversiones tienen un proceso de maduración y estamos seguros que vamos a lograr generar rendimientos para todos los inversionistas, esto no es filantropía”, enfatizó al preguntarle cuándo empezarán a ser rentables para sus accionistas. Aseguró que Biva no necesita más inyección de capital, opera conforme...

Colombia. AFP Porvenir lanzó una web de educación financiera

El Fondo de Pensiones y Cesantías Porvenir lanza su estrategia de educación financiera conocida como La Academia del Ahorro Porvenir, poniendo a disposición de los colombianos el sitio web www.academiadelahorroporvenir.com para que puedan, de manera interactiva y didáctica, afianzar sus conocimientos sobre el manejo del dinero y la importancia del ahorro para el retiro. A través de videos, artículos, podcast, didácticos e informativos, la Academia del Ahorro Porvenir brinda herramientas a niños, jóvenes y adultos para desarrollar habilidades y...

US. House approves loan program for troubled pension plans

The House voted 264-169 on Wednesday to pass legislation that would create a new Treasury Department agency to provide taxpayer-backed loans to endangered multiemployer pension plans and some other types of endangered plans. The loans would be distributed by a Pension Rehabilitation Administration and would go to programs listed in “critical and declining” status by the Pension Benefit Guaranty Corporation, the federal agency that insures the plans. The bill, which is dubbed the Rehabilitation for Multiemployer Pensions Act, or...

Dutch Pension Plans to Merge, Creating a $23.4 Billion Fund

Looks like Dutch transportation pension funds SPF and SPOV will be merging after all. The two plans have agreed to consolidate their assets under management into a $23.4 billion plan, IPE reports. SPF covers railway pensioners and SPOV handles the retirement assets of public transportation workers. Both funds had talked about merging in 2016, but negotiations collapsed after they decided there wouldn’t be sufficient benefits for them to meet their obligations. Recently, SPF restarted discussions, arguing that a joint...

China. ETFs fast gaining popularity

Chinese fund management companies should ride the boom of pension fund-of-funds providers and work closely to develop more exchange-traded fund products for longer-term retail wealth, according to a new survey. Assets under management of China's outstanding ETF products reached 381 billion yuan ($55.4 billion) in 2018, hitting a historical high, according to a study by consultancy Oliver Wyman released on Wednesday. Meanwhile, assets under management rapidly grew with close to 40 new funds launched during the year. ETFs are...

How healthcare can enable healthy aging

One of the most pressing issues facing healthcare today is population aging. Sometimes called the “grey wave” or “silver tsunami,” population aging is the shift in average age of a population from younger to older ages. Current projections from the U.S. Census Bureau point to 2030 as a milestone year in which older people will outnumber children for the first time in history. All baby boomers will be older than age 65 and one in every five residents will...

US.New Rule to Encourage Retirement Plans by Smaller Companies Coming Soon

Small businesses would have an easier time banding together to create joint 401(k) retirement plans for workers under a rule the Labor Department is set to finish soon, according to a senior administration official. The expected rule would broaden the ways companies could join together to offer retirement accounts. Under a proposal floated in October, different types of businesses, say landscaping companies and real-estate firms, could create a joint plan as long as they are located in the same...

México. Afore sienten la crisis; retiros de trabajadores rompen récord

El retiro parcial por desempleo de los trabajadores con cuenta Afore alcanzó los 5 mil 454 millones de pesos durante el primer semestre de este año, siendo esta la cifra más alta registrada en el sistema. De acuerdo con datos de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar), el retiro por desempleo al que tienen derecho los trabajadores fue 21 por ciento mayor a lo registrado durante el primer semestre del año anterior. El retiro...

Colombia. Reforma pensional: proponen fórmula con menos semanas

A medida que avanza el año se empiezan a acortar los tiempos para que el Gobierno afine la propuesta de reforma pensional que, según ha dicho el Ministerio de Hacienda, llevará al Congreso en el último trimestre del año. Las ideas fluyen desde distintas trincheras. Este miércoles, por ejemplo, se realizará un foro organizado por Corficolombiana que abordará el tema a partir del mercado de capitales, y, recientemente, el Banco de la República publicó uno de sus Borradores de...

Australia. There is a problem with retirement incomes, but it isn’t the super guarantee

There is a case for not proceeding with, or at least further deferring, the legislated increase in employers’ compulsory superannuation contributions from 9.5 per cent to 12 per cent. But the Grattan Institute’s latest analysis, published in The Conversation and elsewhere, does not make this case. Rather, it demonstrates extremely well a totally different problem with our retirement incomes system, and falsely ties it to our 9.5 per cent so-called “super guarantee”. That problem is that the pension assets...