May 2021
03May

Chile. Gobierno ingresa proyecto de bono de $200 mil para quienes no tengan fondos en las AFP

El presidente Sebastián Piñera ingresó al Congreso Nacional el proyecto que establece un nuevo bono de cargo fiscal que irá directamente a las cuentas de cada persona en las Administradora de Fondo de Pensiones (AFP). Tras la promulgación del Tercer Retiro despachado por el Congreso, el presidente comprometió un bono de $200 mil para los fondos de pensiones de las personas que no tengan cotizaciones debido a los retiros de fondos. Leer también México. Inicia jubilación para la primera generación afore Dicha...

May 3, 2021
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03May

Perú. Keiko Fujimori dice que duplicará el beneficio de Pensión 65

La candidata presidencial por Fuerza Popular, Keiko Fujimori, anunció que en una eventual gestión gubernamental suya duplicará la entrega de dinero para los adultos mayores que están dentro del programa Pensión 65, de 250 a 500 soles. "Los programas sociales serán repotenciados, el Pronaa, los clubes de Madres, las ollas comunes y mi mensaje para los adultos mayores es que Pensión 65 lo vamos a duplicar de 250 a 500 soles mensuales", manifestó. Durante el debate desarrollado en la ciudad de...

May 3, 2021
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03May

How One of Canada’s Largest Pension Funds Is Incorporating ESG in Its Portfolio

As allocators and fund managers alike scramble to incorporate diversity and climate change into their strategies, one of Canada’s largest asset owners has released its latest report on how, exactly, a C$365.5 billion pension fund does it. The Stewardship Report, released Wednesday by Caisse de dépôt et placement du Québec (known colloquially as CPDQ), details the fund’s 2020 efforts toward sustainability and diversity. In the report, CPDQ said it is tying employees’ variable compensation to the achievement of certain climate targets...

May 3, 2021
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03May

Ireland. A decent pension system isn’t something we can keep putting off

By John Mercer Ireland is entering a pivotal phase of transformational pensions change that should have a positive impact on individual retirement savers. The good news is that many of the necessary foundations for change are already in place - all that remains is a commitment to prioritising the rollout. The first development has now arrived with the long overdue implementation last week of the EU’s IORP II Directive. This slightly indigestible-sounding piece of legislation will govern the private retirement savings and...

May 3, 2021
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03May

Japan. GPIF looks to study private equity replication

Japan's Government Pension Investment Fund may be mulling changes to an alternatives investment program that's been cautiously deliberate until now. On April 20, the ¥177.7 trillion ($1.63 trillion) Tokyo-based giant made two separate announcements speaking to potential changes: the first was a callout for information from managers of domestic real estate, a sign GPIF could be moving beyond the fund-of-funds platforms it's focused on in recent years to directly hire general partners; the second was a paper exploring ways to...

May 3, 2021
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April 2021
29Apr

Colombia. Pensionados que reciban más de $7 millones pagarán con reforma tributaria

Los problemas de cobertura del sistema pensional no son nuevos. En Colombia, hay muy pocos adultos mayores que reciben una mesada y los montos son muy desiguales. Según varios análisis, el Gobierno destina cerca de 30% de todo el recaudo tributario para el pago de estas pensiones, en especial, las que reciben las personas de ingresos más altos y este es uno los puntos que quiere cambiar la próxima tributaria. La idea es cambiar la realidad del sistema, en el...

April 29, 2021
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29Apr

Is Bitcoin Prudent? Is Art Diversified?: Offering Alternative Investments to 401(k) Participants

By Edward A. Zelinsky Whether any category of alternative investments ought to be considered for the menus offered to 401(k) participants is a fact-intensive question. Central to this inquiry are ERISA’s legal tests of prudence, diversification and loyalty. These tests require such fact-driven inquiries as the acceptability of a particular category of investments to investors in general and to professional defined benefit trustees in particular and the trustee’s motivation for embracing such investments. Another important concern when making this inquiry...

April 29, 2021
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29Apr

Rethinking Retirement Savings

By Jason Fernandes, Janelle Orsi In this Commentary, we demonstrate that the rules governing retirement savings have been funneling tens of trillions of dollars into a narrow class of return-maximizing investments, including industries that have been driving inequality and widespread ecological destruction. The Employee Retirement Income Security Act of 1974 (ERISA), along with its state law analogs, directs trustees to seek the highest risk-adjusted return on plan assets, regardless of the consequences to workers, their communities, and the planet. American...

April 29, 2021
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29Apr

What Explains Low Old-Age Income? Evidence from the Health and Retirement Study

By Olivia S. Mitchell, Robert L. Clark, Annamaria Lusardi We examine respondents in the Health and Retirement Study (HRS) to observe how their financial situations unfolded as they aged. We focus on low income older adults and follow them over time to identify the factors associated with having low income at baseline and thereafter. We find that (a) real income remained relatively stable as individuals approach and enter retirement, and progress through their retirement years, and (b) labor force participation...

April 29, 2021
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29Apr

Perú. AFP: Comisión del Congreso evaluará insistencia de ley que permitiría nuevo retiro de fondos

La Comisión de Economía del Congreso debatirá este jueves la insistencia del proyecto de ley que permitiría nuevos retiros de los fondos de pensiones de las AFP. La iniciativa fue observada por el Poder Ejecutivo esta semana, por lo que primero se deberán revisar las observaciones a la autógrafa antes de pasar la insistencia al Pleno del Congreso. Leer también Perú. Keiko Fujimori dice que duplicará el beneficio de Pensión 65 Según el congresista de Podemos Perú, Aron Espinoza, por el momento...

April 29, 2021
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