June 2019

13Jun

US retirement accounts are growing, but not fast enough

Vanguard has released its annual How America Saves 2019 report. It’s a snapshot of the state of retirement in America that focuses on defined benefit accounts, which are mostly in the form of 401(k)s. 1. Despite the market downturn in 2018 (the S&P 500 was down about 6%), the average defined contribution plan last year increased 4%, largely because participants were saving more. The increase counted only those who also had accounts in 2017, not new accounts. 2. More...

June 13, 2019
News, Slider,
Read more...
13Jun

Can Bangladesh develop a national pension system?

A future for Bangladesh’s senior citizens Bangladesh is one of the most densely populated countries in the world, and the eighth-largest by population. The number of people over 60 years of age has been projected to increase from about 9.8 million (6.5% of total population) to 18.1 million (10% of total population) by 2026 and 44.1 million people (20.2% of total population) by 2051 in Bangladesh. The average life expectancy of a Bangladeshi is now...

June 13, 2019
News, Slider,
Read more...
12Jun

Growth Markets Asset Allocation Trends: Evolving Landscape

By Fiona Dunsire What happens as global economic leadership changes hands from the Western economy to the growth markets — countries in Asia, Latin America, Middle East and Africa? In our very first Growth Markets Asset Allocation Trends: Evolving Landscape, we analyze pension fund asset allocation in these dynamic markets and interpret what the trends mean for asset owners, asset managers and, ultimately, individual investors. Consider these numbers: 25 of the top 50 global institutional investors are located in...

June 12, 2019
Books, Investment, Management, Reports,
Read more...
12Jun

México. Ahorro voluntario, el reto de los sistemas de pensiones

Como explicamos la columna pasada, el ahorro voluntario es una parte fundamental de la pensión, en el Sistema de Ahorro para el Retiro (SAR). Lo cierto, sin embargo, es que no sólo es preocupación del sistema de pensiones mexicano, muchos países han desplegado estrategias encaminadas a aumentar el ahorro por cuenta propia. Para diseñar este tipo de estrategias, unos de los aliados más importantes han sido las ciencias del comportamiento o herramientas de behavioral economics como se les conoce...

June 12, 2019
Noticias,
Read more...
12Jun

España. Lanzan tres planes de pensiones adaptados a la edad de los partícipes

Bankia ha lanzado tres planes de pensiones cuya política de inversión se ajusta a la edad de sus partícipes, de forma que el gestor va adecuando la cartera al horizonte temporal que resta hasta la jubilación, según ha informado en un comunicado. En concreto, están enfocados a tres generaciones distintas: los nacidos en las décadas de los 60, los 70 y los 80, bajo las denominaciones comerciales de 'Bankia Soy de los 60', 'Bankia Soy de los 70'...

June 12, 2019
Noticias,
Read more...
12Jun

Zimbabwe. Unclaimed pension funds reach $27m

About 50 000 pensioners have not received their pension payouts with unclaimed pension funds now amounting to more than ZWL$27 million, the industry regulator has said. Speaking during a meeting with funds trustees in Chinhoyi yesterday, Insurance and Pension Commission (Ipec) spokesperson, Lloyd Gumbo, said the regulator was worried about the substantial amount that is lying idle while the owners are probably wallowing in abject poverty. "The commission is concerned with the number of pensioners who do not know...

June 12, 2019
News, Slider,
Read more...
10Jun

Perú. Abuso que afecta a miles de afiliados a AFP

Cuando en 1992 se decidió ampliar la cobertura de pensiones en el Perú, se buscó garantizar un futuro decoroso para los trabajadores cuando se jubilen, y por eso hace 27 años entró en vigencia en el sistema la participación de las Administradoras de Fondos de Pensiones (AFP), instituciones que manejan los recursos de los aportantes bajo la modalidad de cuentas personales. Este fondo individual, que se acumula mes a mes, es parte del descuento que hacen las empresas a...

June 10, 2019
Noticias,
Read more...
10Jun

Japan. In historic first, G20 weighs aging as global risk

Ballooning healthcare costs, labor shortages and financial services for the elderly: for the first time Sunday, the world's top policymakers are tackling economic issues relating to aging and shrinking birthrates. G20 finance ministers and central bank chiefs meeting in Japan -- where a rapidly aging population is a major domestic problem -- have been warned to address the issue before it is too late. "What we are saying is, 'If the issue of aging starts to show its impact...

June 10, 2019
News, Slider,
Read more...
10Jun

UK. Doctors will leave NHS unless they see pension reforms, union warns

The Conservative Government must reform NHS pension taxation or risk an exodus of doctors and a major workforce crisis, the British Medical Association (BMA) has warned. The doctors’ union has requested an urgent meeting with Health Secretary Matt Hancock to see what can be done to stop experienced doctors leaving. Concerns about high-earning doctors’ pensions were raised in 2016 after the introduction of the “tapered annual allowance”. Under the scheme, for every £2 of income above £150,000 per year,...

June 10, 2019
News, Slider,
Read more...
10Jun

Netherlands. What does the new pension agreement really mean?

Agreement on reforming the Dutch pension system has been 10 years in the making, and still needs fleshing out in detail – a process which is likely to take several more years at least. Social affairs minister Wouter Koolmees has said the plan for the transition to a new pensions system should be completed by the end of 2020 and that the cabinet aims to complete the legal framework for system reform by the start of 2022. However, there...

June 10, 2019
News, Slider,
Read more...