March 2022

‘Wisdom and respect’: what Peru’s forgotten generation can teach us about life and ageing

Enedina Avilés sits on a rocky ledge surveying the city below. She comes to this spot every evening after spending the day earning a living peeling garlic cloves. “This is her moment of meditation,” says Peruvian photographer Alex Kornhuber. Avilés’s home, a wooden shack with no running water or electricity, is perched on a hillside on the southern outskirts of Lima. She lived in the mountains for most of her life but moved to the city seven years ago after...

UK. Pension funds will increase impact investing, research finds

Pension funds are predicted to increasingly invest with impact, according to a survey by the Impact Investing Institute and EY, the professional services firm. The UK impact investing market had an estimated £58bn in assets under management at the end of 2020. Only 1 per cent of this figure was attributed to pension fund managers. But pension funds, asset managers and family offices were seen as the primary drivers of future growth given the scale of capital they control, a survey...

Fallece Enrique Solórzano, CEO de Sura Asset Management en México

Fallece Enrique Solórzano, CEO de Sura Asset Management en México

El directivo contaba con una trayectoria de más de 30 años en el sector financiero La Asociación Mexicana de Administradoras de Fondo para el Retiro (Amafore) informó el fallecimiento de Enrique Solórzano, director general de Sura Asset Management en México. “Expresamos nuestro más sentido pésame y amplia solidaridad por el fallecimiento de un mexicano ejemplar, promotor de la cultura financiera y de las finanzas verdes en México”, escribió Amafore en un mensaje en su cuenta de Twitter. Enrique Solórzano contaba con una...

Perú. Retiro del 100% de AFP: Acceso a fondos previsionales debe ser un último recurso, advierte OCDE

Perú. Retiro del 100% de AFP: Acceso a fondos previsionales debe ser un último recurso, advierte OCDE

El representante de la OCDE señaló que en Perú se está habilitando un retiro de fondos previsionales para gente que realmente no lo necesita. La OCDE advirtió que el retiro de fondos de las Administradoras de Fondos de Pensiones (AFP), medida que se persigue en el Congreso, debe ser una opción de emergencia, ante circunstancias excepcionales. Leer también Perú. Presidente del Banco Central considera absurdo un nuevo retiro de las AFP “El mensaje de la OCDE es que el acceso prematuro a...

Puerto Rico. La Junta de Control Fiscal reconoce que podría mantener inalterado el retiro de los maestros

Con menos de una semana para que entre en vigor el Plan de Ajuste de Deuda (PAD) del gobierno central, la Junta de Control Fiscal reconoció por primera vez que podrían mantener el sistema de retiro de los maestros como uno de beneficio definido sin tener que revertir la orden de confirmación del documento, pero a cambio de recortes adicionales al presupuesto. Leer también Perú. Retiro del 100% de AFP: Acceso a fondos previsionales debe ser un último recurso, advierte...

US. A Guide To The State Pension Funds Divesting From Russia

As economic sanctions against Russia for its invasion of Ukraine spread, state and local public pension plans are looking at selling off their Russian-related assets and some are already doing so. Lawmakers in at least a dozen states are pressuring their pension funds to divest from Russian-related investments. Divestment isn’t likely to have much impact on the funds themselves as Russian-domiciled investments make up less than 1% of most (if not all) state portfolios. But collectively, it sends a message....

México. Fallo obliga a trabajadores a negociar pensiones: especialista

Por Jared Laureles Los trabajadores están en riesgo de recibir una pensión menor o disminución en la devolución y pago de aportaciones al IMSS, Infonavit y Afore, luego de que la Suprema Corte de Justicia de la Nación (SCJN) determinó que se debe agotar la etapa de conciliación prejudicial en casos de reclamo de prestaciones de seguridad social, aseveró María Ascensión Morales, especialista en derecho laboral. Al resolver una contradicción de criterios entre tribunales, el miércoles pasado, la segunda sala aprobó,...

Global Pension Asset Values Grow to Record $56 Trillion in 2021

Total pension fund assets in the 22 largest global markets rose to a record $56.6 trillion as of the end of 2021, up from $52.9 trillion the previous year, according to new research from WTW’s Thinking Ahead Institute. The 2022 “Global Pension Assets Study” estimates that the $56.6 trillion in pension assets accounts for 76% of the gross domestic products of the 22 economies, which consist of 21 countries and Hong Kong. It also said total pension assets have nearly...

Macron plans to raise French retirement age to 65

The president had declared in December that he wanted the French to “work longer”, and has repeated the message twice, firstly in his open letter to the French people in which he finally declared his candidacy for the Elysée, and secondly at a meeting involving a number of elected officials who had signed letters of sponsorship in his favour to allow him to run for a second term. Read also People Are Now Living More Years in Good Health According to...

China markets in turmoil as Russia ties add to list of risks

Global investors are losing faith in China's ability to navigate an increasingly complex maze of challenges. The war in Ukraine raises the specter of harsh sanctions being applied to Chinese firms should they proceed with plans to acquire stakes in Russian energy and materials producers. The risk of Chinese companies being delisted from the U.S. is growing. A housing slump is worsening. Record commodities prices locally may stoke inflation, while the highest COVID-19 infections since the Wuhan outbreak will weigh...