July 2021
05Jul

Perú. Congreso insistirá con desafiliación y traspaso de fondos

Este lunes 5 de julio se llevará a cabo una sesión extraordinaria de la Comisión de Economía del Congreso de la República para dictaminar el proyecto de ley que autoriza la libre desafiliación a las Administradoras Privadas de Fondos de Pensiones (AFP) y el traspaso de fondos de pensiones al sistema financiero, informó hoy la Asociación de AFP (AAFP). Al insistir con esta propuesta, a la cual se oponen la Superintendencia de Banca, Seguros y AFP (SBS), el Banco Central...

July 5, 2021
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05Jul

México. Afore Sura lanza ‘Ruta de la Pensión Ley 97’ para guiar a trabajadores próximos a retirarse

Afore Sura lanzó el programa Ruta de la Pensión Ley 97, diseñado especialmente para los trabajadores cotizantes al IMSS que se pensionen bajo el modelo de cuentas individuales conocido como Ley 97. La administradora de fondos para el retiro aseguró que la Ruta de la Pensión Ley 97 viene a complementar a Ruta de la Pensión Ley 73, lanzada el año pasado, con el propósito de dar respuesta a las dificultades más comunes que atraviesan los mexicanos al momento de...

July 5, 2021
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05Jul

Australia’s Biggest Pension Fund Posts Record Annual Return

Australia’s biggest pension fund notched a record return in fiscal 2021 as strong market performance in the wake of the pandemic lifted assets under management. Read also US. Do You Get Your Money’s Worth From Buying An Annuity? AustralianSuper Pty.’s default investment option returned 20.43% in the 12 months ended June 30, the 12th consecutive year of gains, the fund said in a statement Monday. The Melbourne-based fund’s assets under management rose to A$225 billion ($169 billion) from A$180 billion a...

July 5, 2021
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05Jul

Corporate France Urges Macron to Delay Contentious Pension Reform

France desperately needs pension reform, just not right away. That’s the message for President Emmanuel Macron from a chorus of top business leaders, days before he’s set to announce whether he’ll attempt change before the 2022 election. Read also Germany finally launches basic pension scheme “There’s already a great deal of worry and uncertainty. It would be a gamble to add more,” Stephane Richard, chief executive officer of telecom giant Orange SA told Bloomberg News on the sidelines of a conference in...

July 5, 2021
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02Jul

sigma 2/2021 – Emerging markets

By Viola Wang,Jessie Guo, Mahesh H Puttaiah, Caroline De Souza Rodrigues Cabral and Xin Dai Emerging markets worldwide are ageing fast. By 2050, these nations will be home to almost 80% of the world's population aged 65 and above. Yet on average only about 30% of their workers are covered by any sort of formal retirement income scheme. As their old-age-dependency ratios (the population above 65 years old relative to the working-age population of 15 to 64 years old) rise...

July 2, 2021
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02Jul

Pension Funding Index June 2021

By Zorast Wadia and Charles J. Clark The Milliman 100 PFI funded ratio increases to 98.8% as investment gains counter the effects of discount rate decreases The funded status of the 100 largest corporate defined benefit pension plans increased by $8 billion during May as measured by the Milliman 100 Pension Funding Index (PFI). As of May 31, the deficit improved to $21 billion from $29 billion at the end of April due to strong investment performance. The funded status improvement...

July 2, 2021
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02Jul

What would women’s pensions look like if there wasn’t a gender pay gap? The economic case for gender-inclusive, paid parental leave

By Pension Bee PensionBee’s vision is a world where everyone can look forward to a happy retirement. For this to happen, we all need good health, financial freedom, and social inclusion. Currently, an obstacle to achieving this financial freedom for all is a gender pension gap of up to almost 60%. Bold action is required to challenge this so that women can enjoy similar levels of wealth in retirement as men. This is particularly important as women tend to live longer...

July 2, 2021
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02Jul

Pension Incentives and Labor Supply: Evidence from the Introduction of Universal Old-Age Assistance in the UK

By Matthias Giesecke, Philipp Jaeger We study the labor supply implications of the Old-Age Pension Act (OPA) of 1908, which, for the first time, provided pensions to older people in the UK. Using recently released census data covering the entire population, we exploit variation at the newly created age-based eligibility threshold. Our results show a considerable and abrupt decline in labor force participation of 6.0 percentage points (13%) when older workers reach the eligibility age of 70. To mitigate the...

July 2, 2021
Articles, Investment, Savings,
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02Jul

The Economics of Ageing and the Political Economy of Old Age

By William A. Jackson Economic discussion of ageing has been largely neoclassical in approach. Ageing has become a specialism within population economics, which is itself a specialism within the neoclassical mainstream. An alternative view has come from authors in sociology and social policy, who have produced their own 'political economy of old age'. In contrast with neoclassical individualism, sociological depictions of aging have stressed the social construction of old age and the structured dependency of the elderly. Non-neoclassical economists have...

July 2, 2021
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02Jul

Public Pension Portfolios in a World of Low Rates and Low Risk Premiums

By He Ren, Sarah Siwinski, Calvin Yu, Andrew Ang Over the 2010s, the assets of public pension plans generated significantly higher returns than their assumed, or actuarial, rates of return. In a sample of 69 US public plans with a total of $2.1 trillion of assets, the return outperformance of assets over the assumed returns was over 200 basis points for the 10 years ending June 30, 2009. The outperformance is driven by their asset allocations being mostly exposed to...

July 2, 2021
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