May 2020
07May

Consideraciones sobre sostenibilidad financiera y condiciones deseables de las pensiones por retiro, en México

Por Norma Dávila Cota En lo referente al tema del retiro laboral y las pensiones correspondientes, México vive actualmente la transición de los principales sistemas normativos aplicables a la población por edad avanzada, ya que coexisten dos grandes sistemas, para la mayoría de los trabajadores|. Cabe aclarar que en este trabajo se hará referencia a los asuntos de retiro y su normatividad, para los trabajadores derechohabientes del mayor órgano de seguridad social en materia de salud en México,...

May 7, 2020
Artículos, Sostenibilidad del Sistema,
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06May

UK Corporate Pension Funding Hammered by Pandemic in April

The accounting position of the defined benefit pension plans of the UK’s FTSE 350 companies plummeted in April as it swung from a surplus of £10 billion ($12.4 billion) at the end of March to a deficit of £52 billion at the end of the April due to the impact of the COVID-19 pandemic. Data from consulting firm Mercer’s Pensions Risk Survey shows that liabilities of the UK’s 350 largest listed companies surged by £102 billion to £897 billion at...

May 6, 2020
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06May

Kenya. State pension pay to rise 29pc next year

The Treasury will spend nearly a third more on paying pensioners in the fiscal year beginning July, with the actual total amount to be spent for the first time expected to exceed Sh100 billion. According to estimates released to Parliament, the total pensions and gratuities paid will amount to Sh119.19 billion, from revised estimates of Sh92.49 billion of the fiscal year ending in June. This is Sh26.7 billion or 29 percent higher. It underlines the extent of liabilities the public has...

May 6, 2020
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06May

Ara Partners closes USD-400m industrial decarbonisation fund

Private equity firm Ara Partners has achieved a USD-400-million (EUR 369.5m) close for its debut fund, Ara Fund I LP, which was created to support the decarbonisation of the industrial economy through investments in North America and Europe. Capital commitments came from various institutional investors in North America, Europe and Asia, including public pensions, sovereign wealth funds, endowments, foundations and family offices. “We seek near-term, tangible carbon reductions and profitable growth through rapid adoption of sustainable industrial products and...

May 6, 2020
News,
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06May

México. Millennials requieren recordatorio en mensajes para ahorrar para el retiro

Según una encuesta realizada por la Comisión Nacional del Sistema de Ahorro para el retiro o CONSAR, el 88% de los millennials dice no conocer lo que es una Afore, el 57% consideró a las Afore como una “prestación importante”, para el 83% es importante contar con la posibilidad de jubilarse y recibir una pensión para el retiro, al 74% de los que no tienen una Afore les gustaría contar con una. 7 de cada 10 millennials considera...

May 6, 2020
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06May

Puerto Rico. Los planes de retiro han perdido valor

La estrepitosa caída de la bolsa de valores —ocasionada por la propagación mundial del coronavirus (Covid-19)— ha tenido un efecto nefasto sobre cientos de puertorriqueños que proyectaban jubilarse y tendrán que aplazarlo hasta que puedan recuperar el dinero perdido en sus planes de retiro. El valor de la bolsa de valores se desplomó más de 2,000 puntos a finales de marzo, siendo esta la peor caída de Wall Street tras la crisis financiera del 2008. Esto incide negativamente sobre...

May 6, 2020
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06May

What are the implications for pension funds coming out of coronavirus crisis?

By Janet Rabovsky Last August, I wrote about whether central banks were creating a financial bubble with their coordinated easing programs intended to spur economic growth and/or lift inflation. In January 2020, I wrote about the end of the economic cycle, the potential for a recession and what that might mean for positioning an investment portfolio. Little did I know, when I wrote these articles, that we would be experiencing further central bank action as a result of COVID-19,...

May 6, 2020
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05May

Perú. Para reformar el sistema de pensiones

Por Francisco Sagasti El Perú no tiene un sistema de pensiones. La gran mayoría de adultos mayores no cuenta con el apoyo necesario para una vejez digna. El componente público, la ONP, es excesivamente rígido y abarca solo al 10 % de los peruanos en edad de trabajar. El componente privado, las AFP, aprovecha indebidamente su condición oligopólica y no alcanza al 20 % de los trabajadores, y las pensiones de militares y policías cubren menos del 1 %. Un...

May 5, 2020
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04May

Top US pension plans eye private credit.

Some of America’s largest pension funds are looking to pour money into private credit to capitalise on dislocations across the market stemming from the coronavirus pandemic. Both the $227bn California State Teachers Retirement System (Calstrs) and the $215bn New York State Common Retirement Fund have identified private credit as an opportunity for investors that have enough liquidity to lend to struggling companies. Meanwhile, data from FT Specialist publication MandateWire shows that numerous other public funds in the US are...

May 4, 2020
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04May

Jamaica. The COVID-19 response: Beyond the crisis

The Government’s COVID-19 Economic Recovery Task Force very much duplicates the existing National Partnership Council that had been established to drive Jamaica’s economic development long before the advent of the global pandemic. The recovery process will be long and arduous, but the first order of business for Jamaica is to keep the wheels of industry turning, which is the initial focus, I believe, of the task force. Beyond that, the groundwork for a full and sustained recovery has to...

May 4, 2020
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