April 2021
01Apr

Evaluation of Four Decades of Pension Privatization in Latin America, 1980-2020: Promises and Reality

By Carmelo Mesa-Lago The author of this book has published other 40 on social security since 1968, dealing with pensions, health care, and social assistance, in seven languages and in 34 countries. His new book is a product of many works in the last 30 years, which have been integrated, updated, and expanded under a new methodological framework. The book thoroughly documents the effects of the privatization of pensions in nine countries in Latin America from 1980 until the present:...

April 1, 2021
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01Apr

Preqin Markets in Focus: Latin America’s Growing Appetite for Alternative Assets

Changing demographics, policy shifts, and a growing base of highly sophisticated investors make Latin America an increasingly attractive source for private capital. Likewise, local institutional investors in Latin America are eager to put capital to work with top performing fund managers, both inside and outside the region, with an emphasis on absolute return. Where do GPs believe the best opportunities can be found? Preqin is delighted to bring Latin American alternatives markets into the spotlight with our new report, combining comprehensive...

April 1, 2021
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01Apr

Informal Sector in GDP: A Panel Estimation Method

By Nitesh Kansara, Gopal K. Basak, Pranab Kumar Das Estimation of the activities of the informal sector in an economy poses a serious problem for obtaining a correct estimate of GDP. This happens to be so because of the fact that informal sector activities are not registered. The literature has tried to solve the problem of estimation of the informal sector using the method of latent variables. The standard approach is generally aims to estimate for a single point. The present...

April 1, 2021
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01Apr

Understanding Social Insurance: Risk and Value Pluralism in the Early British Welfare State

By Rachel Friedman This article seeks to make two contributions to the understanding of social insurance, a central policy tool of the modern welfare state. Focusing on Britain, it locates an important strand of theoretical support for early social insurance programs in antecedent developments in mathematical probability and statistics. While by no means the only source of support for social insurance, it argues that these philosophical developments were among the preconditions for the emergence of welfare policies. In addition, understanding...

April 1, 2021
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01Apr

Retiros de las AFP en Perú golpearían a la Bolsa de Valores de Lima en el corto plazo

El pleno del Congreso aprobó el dictamen que propone el retiro de hasta 17.600 soles peruanos (US$4.661,07) para todos los afiliados a las AFP. Esta medida constituye el tercer retiro aprobado por el Congreso y el quinto que se promueve durante la pandemia. Leer también Perú. AFP: Congreso aprobó nuevo retiro de hasta S/ 17,600 de fondos de pensiones En esta línea, la Asociación de AFP señaló algunos impactos del nuevo retiro de fondos en los afiliados. Leer también Perú. Mayores de...

April 1, 2021
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01Apr

Europe’s New ESG Rules Create an Opportunity for US Investors

By Hari Bhambra American asset managers with little connection to Europe might dismiss the European Union (EU)’s new sustainable finance regulations as irrelevant to their business. They would be mistaken to do so, however. The regulations will have a tremendous impact on asset managers and firms operating outside the bloc. The EU might be the first to move on sustainable finance regulations, but its objectives are a harbinger of things to come around the globe. To stay competitive in today’s borderless financial...

April 1, 2021
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01Apr

Latin America: A Growing Appetite for Alternative Assets

Preqin has launched its first Latin America-focused report. “Preqin Markets in Focus: Latin America’s Growing Appetite for Alternative Assets” explores the emerging market and trends paving the region’s future in the alternatives industry. With diverse challenges and opportunities unique to the economies and investors in the region, this report reveals how Latin America is leaving the global pandemic behind and expanding further into the world of alternative investments. Read also Guyana. IDB study calls for overhaul of pension system The region’s...

April 1, 2021
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01Apr

Mercer commits to net zero by 2050 in UK, Europe and Asia

Mercer has targeted net-zero carbon emissions by 2050 for UK, European and Asian clients with discretionary portfolios and the majority of its multi-client, multi asset funds domiciled in Ireland. The company said this represented a combined total of £31.5bn in assets under management as of 31 December 2020, adding that it would seek to achieve its net-zero goal by reducing portfolio relative carbon emissions by at least 45 per cent from 2019 baseline levels by 2030. Following the creation of a...

April 1, 2021
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01Apr

Ireland. Pensions complaints process needs more teeth

Have a complaint about an investment? You can bring it to the Financial Services and Pensions Ombudsman (FSPO) and potentially benefit from compensation of up to €500,000. Have such concerns about a pension, however, and you can bring it to the same office, but don’t expect a windfall, even if you should be due one. Yes, it’s a curious state of affairs that the FSPO has greater oversight to award compensation against a wide range of financial services providers, including...

April 1, 2021
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March 2021
31Mar

Perú. AFP: Congreso aprobó nuevo retiro de hasta S/ 17,600 de fondos de pensiones

El pleno del Congreso de la República aprobó por mayoría el proyecto de ley que permitirá a los afiliados de las AFP realizar un nuevo retiro de sus fondos de pensiones. Leer también Ley AFP para retiro de 4 UIT a un paso de ser aprobada en el Congreso Durante el debate los legisladores realizaron cambios al proyecto aprobado en la Comisión de Economía, ¿qué indica el texto sustitutorio? ¿De qué trata la ley? La iniciativa legislativa, que fue aprobada con 84 votos...

March 31, 2021
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