July 2021
28Jul

Ghana. Minister for Employment initiates mass pension enrolment programme

The Minister for Employment and Labour Relations, Ignatius Barfour Awuah has initiated a mass pension enrolment programme by paying for a year’s pension contribution for 10 individuals in the Upper Manya Krobo District in the Eastern Region. At an outreach program at Asesewa in the Eastern Region, to sensitise people on pensions in the area organised for informal sector workers in Asesewa by the National Pensions Regulatory Authority (NPRA), Mr. Bafour Awuah said the gesture was to encourage the people...

July 28, 2021
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28Jul

UK. Consultation risks taking DC pension consolidation ‘too far, too fast’

The Department for Work and Pensions’ (DWP) most recent consultation on further consolidation in the defined contribution (DC) pension market risks taking consolidation “too far, too fast”, according to Hymans Robertson. In its response to the consultation Future of the DC pension market: the case for greater consolidation, Hymans Robertson warned that taking consolidation further and faster would be “counter-productive”, and reduce competition and innovation. “Since DC took over from defined benefit (DB) as the main source of pension provision in...

July 28, 2021
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28Jul

US. Can Robinhood be trusted with retirement accounts?

Robinhood, the brokerage popular among novice traders, may soon add retirement accounts onto its platform following its impending IPO, expected this week. New types of accounts could add scale to the brokerage—but may draw even more scrutiny from financial regulators. Robinhood, the brokerage popular among novice traders, may soon add retirement accounts onto its platform following its impending IPO, expected this week. New types of accounts could add scale to the brokerage—but may draw even more scrutiny from financial regulators. “Retirement...

July 28, 2021
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27Jul

Chile. Diputado Durán pide iniciar debate del proyecto que busca el retiro del 100% de las AFP

El diputado de Renovación Nacional (RN) Jorge Durán solicitó iniciar el debate de los proyectos que buscan un cuarto y 100% de retiro de los fondos previsionales de las AFP. A través de una declaración, el parlamentario oficialista sostuvo que comenzar la discusión de ambas iniciativas permitiría que se retome el trámite de la reforma de pensiones que permanece en el Senado. ¿Qué dijo el diputado? “Ya estamos terminando julio, estamos entrando a agosto. Los IFE y toda la ayuda del Gobierno...

July 27, 2021
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27Jul

República Dominicana. Las AFP: desembolso de los fondos de pensiones “es imposible”

La presidenta de la Asociación Dominicana de las Administradoras de Fondos de Pensiones (Adafp) afirma que el desembolso de una parte de esos recursos a los trabajadores de manera inmediata sería “imposible”, debido a que no existe una empresa o inversionista que sea capaz de comprar niveles de volúmenes de dineros para atender un reclamo como ese. Leer también Perú. AFP: 2.6 millones de afiliados solicitaron retiro de fondos al 23 de junio Parte de los recursos que manejan las AFP...

July 27, 2021
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27Jul

Por qué el riesgo colectivo es clave para las pensiones

Por Martin Wolf Las decisiones sobre pensiones dejan una huella profunda. Por lo tanto, cualquier sistema debe ser estable y eficaz para garantizar los medios de subsistencia en la vejez. Por desgracia, Reino Unido está muy por debajo de lo que se necesita. Tenemos que entender que la variedad y la competencia no funcionan bien en las pensiones, porque la ignorancia y la miopía están muy arraigadas. Además, los individuos no pueden asumir con facilidad los riesgos de inversión y longevidad...

July 27, 2021
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27Jul

China pensions starved of alternatives to stabilise returns

By Twinkle Zhou Experts warn that Beijing must take even speedier action to help its rapidly aging population save enough for retirement. In particular, the country’s regulators need to diversify the range of assets available for local pension funds into more alternative assets, to help them ensure more consistently high annual investment returns. Read also China to allow tax deductions for care of small children to help boost births Pension experts say the government and regulators do not lack for areas they...

July 27, 2021
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27Jul

Nigeria’s pension fund hits N12.6trn – PenCom

The National Pension Commision (PenCom) said pension fund assets had risen to N12.66 trillion as at June 30, with contributors under the Contributory Pension Scheme (CPS) hitting the 9.38 million mark. The Director General, PenCom, Aisha Dahir-Umar, said this at the 2021 Journalists Workshop held on Monday in Lagos, with the theme: Positioning the Pension Industry in the Post COVID-19 Era. Mrs Dahir-Umar, represented by Peter Aghahowa, Head, Corporate Communication, PenCom, noted that the consistent growth trajectory justified the commission’s overriding...

July 27, 2021
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27Jul

A healthier future for the Mexican pension industry

The last five years have been ones of intense transformation for the largest pension fund in Mexico. Establishing a sound and replicable investment process has been one of the main challenges for the team. Changing the team’s culture towards long-term investing, based on optimising diversification, has been the name of the game, and even though there are additional challenges in the future, positive results arise both from a quantitative and qualitative perspective. As a fusion between Banorte Bank and the...

July 27, 2021
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27Jul

Average German pension has risen 34 percent in 10 years

Average pensions in Germany have increased significantly over the past 10 years, RND reports, citing figures from the Deutsche Rentenversicherung. Accordingly, 10 years ago, newly-retired people who had contributed to social security for at least 35 years received an average of 962 euros per month. Most recently in 2020, someone entering retirement who had contributed for the same length of time received an average of 1.290 euros per month - 34 percent more than in 2010. In the western federal...

July 27, 2021
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