June 2019

26Jun

Perú.Con descuentos en grifos incentivarán aportes a AFP

Prima AFP trabaja en un proyecto piloto junto a una proveedora de combustibles, para impulsar los aportes voluntarios. Así, cuando el afiliado acuda al grifo, podrá aprovechar para hacer un aporte voluntario, señaló Giovanna Prialé , presidenta de la Asociación de AFP. El afiliado podrá optar por destinar una parte de lo que pagará por el producto (combustible) a su fondo de aporte voluntario en AFP. A inicios de año se aprobó el convenio que faculta a empresas proveedoras...

June 26, 2019
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26Jun

Australia. The ‘average’ retiree is now self-funded

Australia has reached a major milestone, with most new retirees having enough savings to be self-funded rather than reliant on the age pension, new research shows. More than half of 66-year-olds were not accessing the age pension at December 2018 because their assets and income were too high, while 20 per cent were on a part pension. Only 25 per cent were drawing a full age pension. According to Jeremy Cooper, chairman of retirement income at Challenger who conducted...

June 26, 2019
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26Jun

S. African Pensions Seen at Risk If State Forces Investments

A plan mooted by South Africa’s ruling African National Congress to force retirement funds into investing in specific state-owned companies or government projects could leave pensioners poorer. The ANC in its election manifesto earlier this year said it would investigate using prescribed assets to help foster inclusive economic growth, fund social improvements and diversify the finance industry. A lack of detail as to how this could materialize since it was accepted at the party’s policy conference in 2017 has...

June 26, 2019
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26Jun

Japan. Abe survives no-trust vote over pension report scandal

The opposition bloc tabled the motion in Japan's National Diet just before the current parliamentary term was due to come to a close. Given the ample majority enjoyed by Abe's government in both of Japan's parliamentary chambers, the no-confidence vote was never expected to pass. Opposition parties moved against the head of government following a controversial government report earlier this month that underscored the unsustainability of the public pensions system and seemed to encourage private savings as a...

June 26, 2019
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26Jun

US. The Gender Gap We Need to Worry About: Retirement-Savings Shortfalls

Most Americans aren't saving enough for retirement, leading to big retirement-savings shortfalls. In fact, according to Employee Benefit Research Institute (EBRI), more than four in 10 families where the head of household is between the ages of 35 and 64 will run short of money during their retirement. Not all households are equally short on cash for the future, though. In fact, EBRI found a shocking discrepancy between the projected retirement-savings shortfalls of older single women and those of...

June 26, 2019
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26Jun

Virtual visits: how Finland is coping with an ageing population

It’s 11.30am on a midweek June morning in Helsinki, Finland. Duvi Leineberg, a remote care nurse, is doing the lunch rounds. But instead of jumping in a car and visiting each person one by one, she is sitting in an office looking at a large computer screen where she can see into seven people’s homes. Most are sitting at a table preparing to tuck into some food. This is a virtual lunch group, set up to make sure older...

June 26, 2019
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25Jun

Perú. ¿Cuánto gana la AFP que maneja su fondo de pensiones?

Las utilidades netas de las cuatro AFP que operan en el Perú alcanzaron los S/ 223.1 millones, al cierre del quinto mes del año. Así, las ganancias crecieron a un ritmo anual de 9.5%, según cifras de la Superintendencia de Banca, Seguros y AFP (SBS). La administradora de fondo de pensiones que más ganancias reportó en sus arcas fue AFP Integra. La última ganadora de la licitación de afiliados registró utilidades netas de S/76.9 millones, a mayo. Ello implicó...

June 25, 2019
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25Jun

México. Caída de empleo, negativa para bancos pequeños y Afores: Moody’s

La agencia calificadora Moody's Investors Service mencionó que la caída acumulada de cinco meses en la creación de nuevos empleos aumentará la morosidad sobre créditos de los bancos que centran su financiamiento a consumidores y el desarrollo de negocios asociados a las Administradoras de Fondos para el Retiro (Afores). Esta caída afectaría principalmente a los bancos pequeños del sistema como Famsa, BanCoppel y Banco Azteca, cuyo crecimiento ha superado el del sistema y están enfocados al consumo del...

June 25, 2019
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25Jun

Climate Impact Pledge: Tackling the climate emergency

By Meryam Omi Public concern about the danger posed by climate change has reached unprecedented levels. More than a million students have walked out of classes worldwide, while protests have been held across dozens of countries, to call for swift action from governments1. This is no fad. The world is truly in the midst of a climate emergency, which could have drastic consequences for markets, companies and, therefore, our clients’ assets. With the UN warning that there is little over...

June 25, 2019
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25Jun

Retirement Funding in South Africa 2019

The South African retirement funding sector, with assets in excess of R4.26-trillion, has the fifth highest assets-to-gross domestic product ratio in the world. However, less than 10% of retirement fund members are able to maintain their standard of living when they stop working and 41% of economically active South Africans have not made any provision for their retirement. Total membership of retirement funds rose from 16.6 million to 16.9 million in 2017, while total retirement fund contributions increased by...

June 25, 2019
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