January 2022
28Jan

The Supreme Court Declines To Establish Pleading Standard For Defined Contribution Plan Excessive Fee Litigation

To the disappointment of many in the ERISA community, the Supreme Court issued a six-page opinion on January 24th that declined to opine on most of the issues that were before the Court in Hughes v. Northwestern University, No. 19-1401 (U.S. Jan. 24, 2022). In a unanimous opinion authored by Justice Sotomayor, in which Justice Barrett took no part, the Court vacated and remanded the Seventh Circuit's decision upholding the dismissal of plaintiffs' claims of excessive recordkeeping and investment...

January 28, 2022
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28Jan

UK. Pension professionals demand dashboards and climate action

Pensions dashboards and climate change action ranked as the joint top priority for Society of Pension Professionals members, according to a new survey. The SPP’s survey, which polled around 7,000 pension professionals, questioned members on where they wanted the government and regulators to focus their energies over the next 12 months and the next three to five years. Almost a third of members placed the dashboards rollout as their top choice for the coming year, with 61 per cent of members...

January 28, 2022
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27Jan

US. SEC proposes expansion of private fund reporting requirements

The Securities and Exchange Commission on Wednesday approved proposing rule amendments to expand reporting requirements for large hedge fund and private equity firms. In a 3-1 vote, with the commission's lone Republican, Hester M. Peirce, dissenting, the SEC proposed amendments to its Form PF to require private fund advisers to file reports within one business day of events that indicate significant stress at a fund that could harm investors or signal risk in the broader financial system. Those events include...

January 27, 2022
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México. En tres años, 5 millones de trabajadores desempleados han retirado de su Afore
27Jan

México. En tres años, 5 millones de trabajadores desempleados han retirado de su Afore

En los pasados tres años, ante la desaceleración económica y posterior crisis provocada por la pandemia de covid-19, un total de 5 millones 105 mil trabajadores en situación de desempleo se vieron en la necesidad de retirar parte de los recursos de su Afore, revelan cifras de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). Leer también México. La Amafore asegura no estar en contra de crear la figura de “asesor previsional” Para poner en contexto, la cantidad...

January 27, 2022
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27Jan

UK. Can the FCA tackle greenwashing?

For those who care about environmental, social and governance considerations, watching the glacial progress towards standardised ESG disclosures has been frustrating. There are more working groups, task forces, frameworks and roadmaps than you could shake a stick at (I have never tried shaking a stick at a working group, and it would probably get me fired, but you get the idea). Dare I suggest that we might even spare some sympathy for the Financial Conduct Authority, which has the job of...

January 27, 2022
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27Jan

Ghana. Some retirees under Second Tier receiving less than what is due them – Haruna Iddrisu

Minority Leader in Parliament, Haruna Iddrisu, has revealed that some retirees who are under the Second Tier pensions scheme are receiving less than what is due them at the moment. He described this as a disturbing situation that must be addressed immediately. The Second Tier is a defined contributory Occupational Pension Scheme mandatory for workers with 5% contribution made on behalf of members. The contribution is managed privately by approved Trustees. Speaking on the New Day on TV3 with Johnnie...

January 27, 2022
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26Jan

Pandemics: Insurance and Social Protection

By María del Carmen Boado-Penas, Julia Eisenberg & Şule Şahin This open access book collects expert contributions on actuarial modelling and related topics, from machine learning to legal aspects, and reflects on possible insurance designs during an epidemic/pandemic. Starting by considering the impulse given by COVID-19 to the insurance industry and to actuarial research, the text covers compartment models, mortality changes during a pandemic, risk-sharing in the presence of low probability events, group testing, compositional data analysis for detecting data...

January 26, 2022
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26Jan

La suficiencia y la sostenibilidad de las pensiones desde una perspectiva internacional: Especial atención a las personas mayores

Por Francisco Vila Tierno & Miguel Gutiérrez Bengoechea Esta monografía responde a la actividad investigadora realizada en el seno de los siguientes proyectos y grupos de investigación: “Retos, reformas y financiación del sistema de pensiones: ¿sostenibilidad versus suficiencia?” (RTI2018-094696-B-I00); “Los mayores en el contexto del empleo y la protección social: un reto para el crecimiento y desarrollo económico” (P18-RT-2585); “Las nuevas tecnologías y el impacto en el ámbito laboral y de la seguridad social: el impacto socio-económico de la economía...

January 26, 2022
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Impacto de la privatización de la seguridad social en el presupuesto. Mujeres: doblemente desprotegidas
26Jan

Impacto de la privatización de la seguridad social en el presupuesto. Mujeres: doblemente desprotegidas

Por Eugenia Correa Vázquez Durante la década de 1990, muchas economías en desarrollo instauraron reformas financieras fundamentales para modificar los sistemas de pensiones. Este artículo hace un análisis de los principales resultados de estas reformas desde la perspectiva de género. A pesar de ser vistas como reformas sociales, las reformas a los sistemas de pensiones han incrementado la parte de la población que no cuenta con seguridad social, por otra parte, las mujeres, al tener una mayor esperanza de vida,...

January 26, 2022
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26Jan

Spain to raise regular public pensions by 2.5% this year

Spain will raise most public pensions by 2.5% in 2022, boosting the average pensioner's income by around 250 euros ($281.78) a year Social Security Minister Jose Luis Escriva said on Tuesday after a cabinet meeting where the increase was approved. The lowest public pensions will increase by 3%, he added, while inflation reached 6.5% in 2021. Overall, the pension increase will cost some 6.5 billion euros. ($1 = 0.8872 euros) Read more @ZAWYA The newspaper El Economista explains today that on the same...

January 26, 2022
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