February 2021

México. Traspaso Móvil no promueve cambio de afore, orienta

La Comisión Nacional del Sistema del Ahorro para el Retiro (Consar) se ha dedicado a innovar y facilitar los trámites, o servicios, a los trabajadores en lo últimos años y Traspaso Móvil es resultado de esta política; esta opción dentro de la app de AforeMóvil orientará a los trabajadores a cómo cambiarse de Administradora de Fondo para el Retiro (afore) si les conviene. Sin embargo, la Consar explica que Traspaso Móvil no promueve el cambio de afore per se porque...

Latin American Sovereigns Are at a Pension Reform Crossroads

Fitch Ratings-London/New York-25 February 2021: Fiscal challenges and social grievances are adding urgency to a new wave of pension reforms in Latin America that could be relevant for sovereign ratings, Fitch Ratings says in a new report. Latin America’s population is still among the world’s youngest, but it is ageing at one of the fastest paces, and its savings patterns stand out as being especially low given the coming demographic pressure. But reform efforts will face challenges after years of...

US. With lower returns on the horizon, public pensions will turn to riskier assets, Moody’s says

State and local government pension systems are increasingly dependent on investment returns, and at risk of increasingly volatile results, as funding levels remain depressed and systems increasingly start to pay out more than they take in, according to a new report from Moody’s. The credit-ratings agency anticipates higher volatility and lower returns across asset classes in 2021 compared to 2020, even as many pension sponsors have spent the past few years lowering their assumed returns from previous loftier targets that...

Protecting people working through platforms: Commission launches a first-stage consultation of the social partners

Today, the Commission launches the first-stage consultation of European social partners on how to improve the working conditions for people working through digital labour platforms. Platform work is developing rapidly in the EU across a growing number of business sectors. It can offer increased flexibility, job opportunities and additional revenue, including for people who might find it more difficult to enter the traditional labour market. However, certain types of platform work are also associated with precarious working conditions, reflected...

Cómo un fondo de pensiones en EEUU ayudó a financiar la guerra por el petróleo en Irak

Muchos fondos de pensión públicos son inversores conservadores, pero el Oilflow SPV 1 DAC fue más allá. Invirtió los ahorros de jubilación de los profesores de Pensilvania en la guerra por el petróleo en Irak. Los escritores Javier Blas y Jack Farchy repasan esta historia en su nuevo libro. Los profesores de Pensilvania no eran los únicos. En Carolina del Sur, los ahorros de más de 600.000 policías, jueces y otros trabajadores del sector público habían sido dirigidos a la...

República Dominicana. La rentabilidad de fondos de pensiones suma RD$58 mil 900 millones a las cuentas de los afiliados

En 2020 los fondos de pensiones se incrementaron en RD$58 mil 900 millones por la rentabilidad que se genera con las inversiones realizadas por las Administradoras de Fondos de Pensiones (AFP) con el objetivo de aumentar el patrimonio de los trabajadores afiliados y contribuir a un mejor retiro en la vejez. El 66 % del incremento total en 2020, que fue de más de RD$89 mil 240 millones, se generó por la rentabilidad de las inversiones, mientras el 34 %...

Argentina. El aumento a las jubilaciones de marzo estará por debajo de la inflación

La recomposición de las jubilaciones y pensiones a cargo de la Anses y de otras prestaciones como la Asignación Universal por Hijo (AUH), será de un nivel cercano a 8% en marzo, según el resultado de la fórmula incluida en la ley aprobada a fines de 2020,. Así, el haber mínimo sería de un valor de poco más de $20.570, en tanto que el haber máximo rondaría los $138.400. El porcentaje se ubica por debajo de la inflación del último...

UK pension fund fossil fuel investments laid bare

Despite more than 75% of the UK's local councils declaring a climate emergency, their pension funds are still pouring billions into fossil fuels the world over. A new report from campaigners Platform, Friends of the Earth (England, Wales and Northern Ireland) and Friends of the Earth Scotland reveals UK local government pensions held $14 billion in fossil fuel investments last financial year. The analysis said it equates to about $2500 invested in fossil fuels for each of the 6.8 million people...

Is COVID-19 a preview of what retirement will be like?

The pandemic has given many folks a taste of what retirement could be like. An abrupt end to work. A loss of social connection. Trying to make ends meet on a much lower income. Many haven’t been happy with the experience. Worried that your retirement could be similar? Here are eight lessons we can learn from the pandemic, all drawn from my new book. 1. Retirement can be a shock. In fact, it’s quite similar to what people experienced during the...

Emerging Europe strong on women’s economic opportunities but dragged down by low pensions

Countries from the emerging Europe region performed well on the latest global survey of women’s economic opportunities from the World Bank. The post-socialist countries of Central, Southeast and Eastern Europe and Eurasia had an average score of 86.4 points out of 100, while globally, women had just three-quarters of the legal rights afforded to men on average around the world. The report “Women, Business and the Law 2021”, looks at laws and regulations in eight areas that affect women’s economic opportunities...