April 2021

República Dominicana . Adafp invita a familiares de afiliados fallecidos a iniciar trámites en AFP

La Asociación Dominicana Administradoras de Fondos de Pensiones (Adafp) invita a visitar su página web para verificar si en el listado de afiliados fallecidos hay un familiar, caso en el que sugiere acudir a las oficinas de servicios de las AFP e iniciar los trámites para que reciban la protección que les corresponda, pues los derechos de los sobrevivientes y herederos están totalmente garantizados. El gremio publicó en su web, un listado de afiliados a las AFP que han fallecido,...

UK. FCA mulls online test for high risk investments

The Financial Conduct Authority (FCA) has proposed to force people to take an online test before they can invest in high risk assets, as part of a round up of ideas on curbing risks in the market. In a discussion paper out this morning (April 29) the regulator said it was keen to prevent consumers from accessing high-risk investments that they do not understand. The FCA is concerned that despite its existing marketing restrictions, too many consumers are still investing in...

US. Wall Street Bets Bigger on ESG as Sustainability Takes Hold

The greed-is-good ’80s power brokers are long gone, replaced by a generation of investors that at least present themselves as kinder, gentler and more environmentally and socially conscious. Read also NY State Pension Commits to $400 Million in Sustainable Investments But the almighty dollar — maybe a little less than omnipotent now — is still the tool of the trade on Wall Street and the big money players are using their influence to steer companies to a better future with a...

Biggest Pension Fund in Denmark Takes a Hit on Its Bond Exposure

Denmark’s biggest pension fund, ATP, lost almost $200 million on its investment portfolio after its exposure to bond markets backfired. “ATP’s current investment strategy is relatively heavily exposed to interest rates, and this makes it sensitive to the rising interest rates that we saw in the first quarter,” Chief Executive Officer Bo Foged said in a statement. The fund, which oversees about $150 billion in assets, is trying to get parliamentary approval to shift into riskier corners of the market after the government...

Pension reform throws harsh light on Irish retirement savings

It was fitting somehow that the biggest regulatory reform of Irish pensions was announced with no fanfare. Just a press release issued without notice at the end of the working day – after 5:30pm. Pensions are a difficult sell and, at first sight, this latest landmark reform is an indicator of why. Called IORP II, the acronym is even more impenetrable than its actual title – the EU directive on the activities and supervision of institutions for occupational retirement provision. Essentially, it is...

Next-Generation Retirement Plans Will Deliver Customized Retirement Income Solutions

While workplace retirement savings plans have evolved significantly over the past four decades, they still fall far short on delivering retirement income, investment manager PGIM says. But PGIM says that by relying on technology, retirement plans will soon be able to not only deliver retirement income solutions—but to provide customized options. Those personalized solutions could include managed accounts, model portfolios and advice engines, Josh Cohen, PGIM head of institutional defined contribution (DC), tells PLANADVISER. Cohen says he’s optimistic that after years of...

Perú. El Ejecutivo observó la norma que autorizaba acceder hasta S/ 17.600

El Poder Ejecutivo observó la ley que iba a permitir el retiro de hasta S/ 17,600 a los aportantes de las administradoras de fondos de pensiones (AFP) al considerar que es inconstitucional, además de que “altera y deteriora los objetivos de la seguridad social”. Leer también Perú. Qué pasa si el Ejecutivo observa el retiro de hasta S/17.600 de las AFP “La autógrafa de la ley, en los términos en los que ha sido aprobada, vulnera el derecho a la seguridad...

Chile. Piñera derrotado en intento por bloquear retiros de AFP en Chile

El presidente chileno, Sebastián Piñera, promulgará un proyecto de ley que permitirá que los trabajadores retiren anticipadamente miles de millones de dólares de sus fondos de pensiones, después de que el Tribunal Constitucional desestimó su intento de bloquear la propuesta. Leer también Senado chileno aprueba proyecto de ley sobre retiro de pensión El tribunal votó 7 a 3 en contra de su solicitud, incluso antes de discutir la base el contenido de la apelación, según un comunicado. La corte no dio...

Se pensionan 6,284 con menos semanas gracias a la reforma en México

En la inauguración de la Semana de la Seguridad Social 2021, efectuada en el Senado, el director general del Instituto Mexicano del Seguro Social (IMSS), Zoé Robledo, destacó que las reformas a las leyes de esa institución y de los Sistemas de Ahorro para el Retiro empiezan a observar sus primeros beneficios: de enero a marzo de este año, 6 mil 284 personas accedieron a una pensión sin haber cotizado mil 250 semanas, y 5 mil 278 trabajadores alcanzaron...

Chile’s president will sign into law third drawdown on pensions

Chilean President Sebastian Pinera on Tuesday abandoned his challenge to an opposition-led bill allowing citizens to draw down a third tranche of their pensions, saying he would sign it into law. Earlier in the day, the country’s Constitutional Court rejected a bid by Pinera to block the fresh drawdown on pensions, saying it would not overrule Congress, which gave final approval to the project on Friday. Read also Chile Pension Furor Grows Over Third Round of Withdrawals Pinera had also sought to...