March 2022

México. Banorte e Ivercap, las afores en las que más se reducen los retiros por desempleo

México. Banorte e Ivercap, las afores en las que más se reducen los retiros por desempleo

La recuperación del empleo formal en el país durante el primer bimestre del año se vio reflejado en la disminución que registraron las Administradoras de fondos para el retiro (Afores) en los retiros parciales por desempleo. Entre las diez afores que conforman el mercado, se reportó una salida de 3,109.8 millones de pesos, lo que significó una reducción de 9.6% en términos reales respecto al primer bimestre del 2021, de acuerdo con datos de la Comisión Nacional del Sistema de...

Chile. Cámara Baja declara inadmisible proyecto del quinto retiro de las AFP

Durante esta jornada, la Cámara de Diputadas y Diputados declaró inadmisible la iniciativa de reforma constitucional presentada el día de ayer, que buscaba un nuevo retiro del 10% de los ahorros de los fondos de pensiones. Ante esta decisión, su impulsor, el diputado, René Alinco (IND-PPD), no escondió su molestia. El secretario general de la corporación, Miguel Landeros, detalló frente a la sala que el proyecto de ley no puede ser tramitado hasta fines de 2022, debido a que una norma parecida fue...

OECD adopts revised good DC design messages as recommendation

OECD adopts revised good DC design messages as recommendation

The OECD has published a 10-point plan for the good design of defined contribution (DC) pension plans, elevating the updated “roadmap” to the status of an OECD Council recommendation. The initial guidelines were published in 2012, with the OECD’s working party on private pensions (WPPP) deciding to revise the report to incorporate all the work conducted over the years since and “to maintain its relevance given current contextual realities and the cumulated experience observed in OECD jurisdictions”. “It’s a comprehensive update...

Puerto Rico. El Gobierno oficializa la creación del Fideicomiso para el Pago de Pensiones

El gobernador Pedro Pierluisi anunció este martes la creación del Fideicomiso para el Pago de las Pensiones, que garantizará que miles de jubilados en Puerto Rico continúen recibiendo su dinero en caso de que surgiera alguna situación fiscal en los próximos años que afecte el cumplimiento con esas obligaciones. Leer también Perú. AFP: Retiros anticipados de fondos incide en baja calificación crediticia del Perú por tercera vez "Según requerido en el Plan de Ajuste -PDA- se creó un Fideicomiso para el...

Inflation is causing some older Americans to delay retirement plans, survey shows

US. Inflation is causing some older Americans to delay retirement plans, survey shows

As inflation rises, many Americans are shifting life milestones, including retirement. Some 13% of Gen Xers and baby boomers say they have postponed or considered delaying plans to leave the workforce due to soaring costs. Read also US. The Smart Way for Public Pensions to Divest from Russia That’s according to a survey from the Nationwide Retirement Institute, showing a cross-generational wave of Americans canceling or postponing major events due to rising prices. Read also Global Pension Asset Values Grow to Record $56...

Research reveals shortcomings in retirement preparedness in the UK

Research reveals shortcomings in retirement preparedness in the UK

Berkshire and Buckinghamshire residents are most prepared for retirement, despite only 52.3 per cent of residents being on track for a moderate income, the Hargreaves Lansdown Savings and Resilience barometer has revealed. The research showed that around 50.6 per cent of residents in Surrey, East and West Sussex were on track for a moderate retirement income, defined by the PLSA as around £20,800 per year for a single person and £30,600 per year for a couple. In addition to this, around...

Malaysia needs an all-encompassing national pension system

AS Malaysia joins the rest of the world in becoming an ageing society, it has become imperative for the government to address the challenges that increasing life expectancy pose to social security arrangements. Increasing life expectancy brings with it sweeping changes in population needs and capacities. The most evident sign is the strain on the pension system as the number of people requiring protection and support is on the rise. There are growing concerns that many are not prepared for a...

US. G.O.P. Senate Hopeful Faces Scrutiny Over Handling of Teacher Pensions

US. G.O.P. Senate Hopeful Faces Scrutiny Over Handling of Teacher Pensions

Before he entered Pennsylvania’s Senate race, David McCormick oversaw a giant hedge fund that invested billions of dollars for the retirement plans of the state’s teachers. But Mr. McCormick’s company, Bridgewater Associates, delivered such middling profits and charged such high fees that the Pennsylvania teachers’ retirement fund moved to sell off its Bridgewater holdings beginning two years ago. Overall, Bridgewater’s performance was a contributing factor in nearly a decade of poor returns for the retirement fund, trustees of the fund said...

Chile. Grupo transversal de diputados ingresa proyecto de quinto retiro de los fondos de pensiones: permitiría sacar el 10% o la totalidad del dinero de las AFP

Durante la mañana de este martes el diputado independiente, René Alinco,-en compañía de un grupo de parlamentarios-, ingresó un nuevo proyecto de ley para permitir el quinto retiro de los fondos de pensiones, el cual apunta al 10% o a la totalidad de ellos y que incluye a pensionados de rentas vitalicias, exonerados políticos y familiares de detenidos desaparecidos. En detalle, el documento es firmado, además de Alinco, por los diputados independientes pertenecientes a la bancada del PPD Cristian Tapia,...

US. The Smart Way for Public Pensions to Divest from Russia

With Russia’s brutal invasion of Ukraine demanding a response from freedom-loving peoples everywhere, the NATO nations and other countries around the world have embarked on a wide range of economic sanctions. Some of them are far more extensive than anybody had previously imagined possible, such as the freezing of Russian central bank assets and its global interbank access, and now the U.S. oil boycott. Amid this global expression of scorn, American state and local politicians are jumping on the...