May 2019

Perú. Deuda de gobiernos locales y regionales con las AFP supera los S/202,2 millones

La Asociación de AFP (AAFP) dio a conocer esta mañana el estado del pago de los gobiernos regionales y locales que se acogieron al Régimen de Reprogramación de Pago (Repro-AFP) del Decreto Legislativo 1275. De un total de 1.885 gobiernos regionales y locales, 814 entidades se comprometieron a cumplir con el pago de los aportes a las AFP que fueron descontados de los trabajadores, mas no se depositaron en sus fondos de pensiones para así garantizarles una jubilación futura....

México. Niega consar mayores cobros o más riesgos en afores.

Se busca proteger al trabajador y otorgarle mayores ganancias, declaró Comisión Nacional del Sistema de Ahorro para el Retiro Los cambios en la Ley del Sistema de Ahorro para el Retiro, aprobados la semana pasada en la Cámara de Diputados, no implicarán un repunte en las comisiones ni se expondrá a las Afores a un mayor riesgo, por el contrario, se busca proteger al trabajador y otorgarle mayores ganancias. Así lo aseguró a Notimex el presidente de la Comisión...

Pension fund giant KLP cuts coal related investment

BHP Group is among several companies a $106 billion international pension fund has excluded from its investment universe as it aims to rid its portfolio of coal. Norway's Kommunal Landspensjonskasse (KLP) took the decision to divest almost $520,000 of holdings in stocks and bonds of across 46 such companies. It used three exclusion criteria: companies that get more than 5% revenue from coal-based activities; produce more than 20 million tons of coal annually; and have more than 10,000 megawatts...

UN partners with KLP to Identify Financial Investments At Risk

The United Nations Office for Disaster Risk Reduction and KLP, Norway's largest pension company, announced today a partnership to geo-tag financial investments against vulnerability to disaster and climate risk. The UN Secretary-General’s Special Representative for Disaster Risk Reduction, Mami Mizutori, said: “This is a major breakthrough in the world of finance and investment. It is clear recognition of the need to include disaster risk in the investment portfolios of any self-respecting enterprise seeking to avoid exposure to climate and...

Stagecoach takes legal action against UK after rail bids rejected

Stagecoach Group said on Wednesday it had begun legal action against Britain’s Department for Transport after the company’s bid to continue operating a rail route was rejected due to concerns over pensions. The Department for Transport has asked rail franchise bidders to take on the full long-term funding risk of parts of the Railways Pension Scheme and disqualified Stagecoach’s bid for the East Midlands franchise because it did not comply with that request. It also disqualified the company from...

South African Investment Firm Looted Pension Fund With Insider Information

President Jacob Zuma’s surprise sacking of South Africa’s finance minister at the end of 2015 sparked economic panic: The rand plunged to a record low against the dollar and even the normally steady bond market roiled. But one investment company, a little-known boutique operation, raked in at least 133 million rand (US$9.2 million) by trading on the turmoil. Related deals under investigation may have raised the total profit to as much as 500 million rand (US$32 million) as the country...

Americans are saving more for retirement, but it may not be enough

The good news: Americans are saving more than they ever have for retirement. The bad news: They’ll probably need to save even more. Employees contributed an average of $2,370 per account to their 401(k) plans in the first quarter of 2019, a record level and 15% more than one year prior, according to Fidelity Investments, the Boston-based financial services firm that also manages retirement accounts. Employers also hit a record high with their own contributions to employee plans, partly...

¿Cobraremos la pensión?

por Santos M. Ruesga Benito En esta obra el lector preocupado por el presente y de modo particular por el futuro de las pensiones públicas, encontrará reflexiones de utilidad para fijar su posición ante las diferentes opciones existentes que pretenden configurar el modelo de pensiones para los próximos años. En él se analizan los comportamientos del sistema actual, las reformas habidas y se ofrecen propuestas de reforma y modificación de los mecanismos vigentes bajo determinados supuestos. Para ello se...

UK. Ageing population ‘an opportunity, not a problem’ say MPs

The “problem” of the UK’s ageing population should be recast as one of the most “promising opportunities of the 21st century”, according to MPs at the centre of a new government strategy on longevity. Launched on Tuesday, the All-Party Parliamentary Group for Longevity will develop a radical strategy setting out how the working population can stay fit and functional for longer, stressing the business opportunities presented by Britain’s changing demography. “We need to change how we see ageing —...

México. CitiBanamex ve favorable las reformas en las Afore

Los cambios aprobados en el régimen de inversión de las Afore dan mejores condiciones de inversión que pueden reejarse en la pensión de los trabajadores, dijo el director de riesgo de Afore CitiBanamex, León de Paul. Para el especialista, las modicaciones van directo a mejorar la tasa de reemplazo al nal de la vida laboral de un ahorrador, es decir el porcentaje de su último salario que recibirá como pensión. Detalló que los cambios logrados en el régimen de...