June 2021

España. Escrivá y los agentes sociales desbloquean el acuerdo de las pensiones: estas son las claves de la reforma

El nuevo marco que regulará las pensiones está a la vuelta de la esquina. El acuerdo para la reforma de las pensiones es “inminente”, según aseguran las partes implicadas en la negociación, hasta tal punto, que será en la reunión que tendrá lugar el próximo lunes, 28 de junio, a partir de las once de la mañana, cuando se cierre el texto que regulará un nuevo marco regulatorio que cuente con el beneplácito de los agentes sociales, condición necesaria...

Kuwait’s $134 Billion Pension Fund Has Record Gain in Turnaround

Kuwait’s Public Institution for Social Security had its best ever annual performance, emerging as a new regional investment powerhouse despite political deadlock in the country. The $134 billion pension fund, which owns a quarter of U.S. private equity firm Stone Point Capital LLC, recorded 20.9% growth in assets in the year ended March 31, according to a statement on Wednesday. A new management team was brought into the fund in 2017 to transform the state-owned institution after its former head was...

These public pension systems used to have too much money. Now they’re in crisis. What happened?

In 2001, some of the country’s biggest public pension systems were flush. The plan serving Kentucky state workers, for example, was 125.8% funded, meaning it had 25.8% more money on hand to pay all of what it owed current retirees and workers expected to retire for the next 30 years. But not even two decades later, Kentucky’s pensions, and some other previously over-funded plans, were in crisis. What happened? In Kentucky, lawmakers approved extra benefits for plan participants — even making them...

US. Pandemic Magnifies Demand for Retirement Income

The COVID-19 pandemic has increased demand among retirees for retirement income solutions, according to BlackRock’s annual “DC Pulse” survey, which also found that nearly half of defined contribution (DC) plan participants’ finances were negatively impacted by the pandemic. “Workers saving for retirement today are concerned that they are going to outlive their savings, or that they may not enjoy the same kind of comfortable retirement previous generations did,” the report stated. “Plan participants, plan sponsors, and retirees alike all emerge...

How flexible working could affect pension savings

As the UK continues to ease Covid-19 lockdown restrictions and more employees return to work, the debate about the future of work goes on. If the move to more flexible arrangements continues, the impact on retirement planning could be greater than expected. The most obvious point is that if people work fewer hours – because they choose to shift to part-time working, for example – they will almost certainly be paying less into their pension. Under the auto-enrolment pensions system,...

3 hurdles to sustainable investing — and how to overcome them

Can sustainable investing save the world?Jason Jay, director of the MIT Sloan Sustainability Initiative, thinks so — with three caveats. In a March 2021 talk, part of the MIT Impact Investing Initiative spring speaker series, Jay laid out the case for sustainable investing and outlined three major challenges. Sustainable investing is at a tipping point, said the MIT Sloan senior lecturer. “What’s been happening over the last 20 years — and really accelerating over the last five years — is that...

Bright Africa 2020 Pension Industry. Modernising pension policies to future-proof long-term savings

By RISCURA The latest Bright Africa Pensions research highlights how African demographics are evolving and the impact of this on long-term savings. There is no doubt that Africa’s population is and will remain the world’s largest youthful cohort for a long-time to come, so serious thought, planning and innovation are urgently required to address the risk of individuals outliving their retirement savings. Research conducted by Albouy and Nogues (2019) shows that globally, life expectancy measured at age 65, has grown...

México. Amafore y CCE propondrán incentivos al ahorro en miscelánea fiscal

Actualmente, las personas que realizan aportaciones voluntarias a su cuenta afore pueden deducir hasta el 10%; lo que se busca es que este porcentaje sea mayor, independientemente si es ahorro de corto, mediano o largo plazo, comentó el representante de las afores. Si se incluye esta propuesta el gobierno federal tendrá un beneficio en el largo plazo, pues al aumentar más el ahorro, la pensión del trabajador será mayor, con lo que el gobierno ya no tendría que destinar más...

Guatemala. Las jubilaciones y retiros aumentan 37% en cinco años

El monto para clases pasivas se incrementó un 37% en los últimos cinco años. Solo en el 2020 representó Q5 mil millones del presupuesto nacional y por eso señalan algunos analistas que se debe legislar al respecto. Leer también Panorama de envejecimiento y dependencia en América Latina y el Caribe Cada día la Oficina Nacional de Servicio Civil (Onsec) conoce nuevas solicitudes de jubilación de parte de trabajadores y extrabajadores del Estado. En el 2020 se emitieron 3.2 resoluciones de jubilación...

México. Mermaron su ahorro pensionario 2.6 millones de trabajadores

De enero de 2020 a mayo de 2021, 2 millones 642 mil 745 trabajadores han utilizado parte de su ahorro para el retiro tras quedarse sin empleo, dato oficial de un periodo en el que el país ha enfrentado menor crecimiento y, después, una profunda contracción económica, como consecuencia de la pandemia por Covid-19. Sólo en lo que va de 2021, de acuerdo con cifras de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar), 768 mil 413...