July 2022
11Jul

Finns consider immigration best way to consolidate pension system – Survey

Raising the pension contributions of employees and employers was the second most popular means to consolidate the funding of pensions, with 34 per cent of respondents regarding it as a good or fairly good idea and 35 per cent as a bad or fairly bad idea. A little over a quarter (26%) of respondents voiced their support for and 37 per cent their reservations about taking on greater risks when investing pension funds. “Finns are somewhat surprisingly not supportive of...

July 11, 2022
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08Jul

The Role of Longevity Annuities in Different Socioeconomic Classes: A Canadian Case Study

By Rui Zhou, Johnny Siu‐Hang Li & Kenneth Zhou A longevity annuity is a deeply deferred annuity which begins payments very late in life. By transferring some of the risk of outliving retirement savings at advanced ages to annuity providers, longevity annuities provide retirees with enhanced later-life financial security. This paper aims to investigate the impact of longevity annuity provision on retirement income planning for Canadians, on the basis of the tax rules and retirement system in Canada. The research...

July 8, 2022
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08Jul

Measurement of ESG Performance: A Study of Indian Companies

By Preeti Sharma, Priyanka Pandey, Vijay Kumar Jain & R. C. Dangwal The present study aims to construct an inclusive, Literature-based, and statistically vetted environmental, social and corporate governance disclosure (ESGD) index, measure the item-wise, theme-wise, and factor-wise ESG performance of the top 80 Indian companies for the period 2013-2016, and examine item-wise, theme-wise and factor-wise variations in ESGD. Content analysis is used to measure the ESG disclosures of the sample companies. To test the variations, skewness, kurtosis, Levene’s, Chi-square,...

July 8, 2022
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08Jul

Chile. Comisión de Constitución respalda informe que cierra la puerta a los retiros hasta 2023

La Comisión de Constitución de la Cámara acordó no poner en tabla hasta abril de 2023 el proyecto que autoriza un nuevo retiro de fondos de pensiones. La secretaría de la instancia entregó un informe que ratifica la inconstitucionalidad de la iniciativa: en el documento se alude al artículo 68 de la Constitución Política, en donde se menciona que “el proyecto que fuera desechado en general en la Cámara de su origen no podrá renovarse sino después de un año”. Por...

July 8, 2022
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08Jul

Uruguay. Gobierno publicó decreto sobre aumento a jubilaciones: sepa cuándo se cobra

Con el objetivo de mitigar la pérdida del poder adquisitivo a causa de la aceleración de la inflación, el gobierno anunció el pasado 18 de abril que a partir del mes de julio las jubilaciones y pensiones tendrían un aumento del 3%. Ahora el Poder Ejecutivo publicó el decreto en el que se establece que el aumento se hará efectivo con el pago de las prestaciones que se abonan en el mes de agosto. En el texto normativo se señala...

July 8, 2022
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08Jul

US. Study Finds Disconnect Between Actual and Perceived Retirement Risks

Retirees face many financial risks, such as outliving their money, investment losses and unexpected health expenses, but a new study finds that they may be overestimating some risks while underestimating others. In How Well Do Retirees Assess the Risks They Face in Retirement? by Wenliang Hou, a quantitative analyst at Fidelity Investments and former research economist at the Center for Retirement Research at Boston College, the study develops a lifecycle model of a typical retired household facing five categories of...

July 8, 2022
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08Jul

Prioritising sustainability and responsible investing in finance

Sustainability is not a separate strategy at KBC Asset Management, but an integral part of the overall workings of the KBC Group. As such, sustainability is embedded in KBC’s corporate strategy, central to our relationship with our clients as we strive to offer them a unique bank-insurance experience. We are convinced that our strategy – powered by our business culture and the contributions made by our people – is instrumental in earning, keeping and growing trust day by day. It’s...

July 8, 2022
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08Jul

UK. 90% of savers would use digital pensions dashboard

Nine in 10 savers would use a digital pensions dashboard if it gave them a consolidated view of their pensions, savings and investments, according to research from The Investing and Saving Alliance and EY. The report, based in part on interviews with more than 20 senior executives from across the financial services industry, found that 90 per cent would use a dashboard if it consolidated that financial information, while 94 per cent of those currently using a dashboard would use...

July 8, 2022
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07Jul

México. World Finance califica a Afore XXI Banorte como el mejor Fondo de Pensiones de México

La revista financiera internacional, World Finance, calificó a Afore XXI Banorte como el Mejor Fondo de Pensiones de México en 2022 al considerarla una empresa de calidad que desarrolla estrategias innovadoras, adaptabilidad y excelencia. De acuerdo con la publicación, XXI Banorte —la Administradora de Fondos para el Retiro más grande de México en activos bajo gestión— continúa liderando el sector pensionario debido a sus inversiones responsables y a su enfoque centrado en el cliente, el cual prioriza el incremento de...

July 7, 2022
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07Jul

Costa Rica. Liquidación de fondos de pensiones requerirá estudios actuariales específicos

En audiencia ante la Comisión Permanente de Asuntos Sociales, el director de la Escuela de Matemáticas de la Universidad de Costa Rica, Javier Trejos, enfatizó que para la liquidación de los fondos de pensiones complementarios especiales incorporados en el expediente N.º 21.824, se necesitará de un estudio actuarial específico para cada uno de ellos. Lo anterior se debe a que cada uno presenta características diversas como el porcentaje de contribución del beneficiario y de las diferentes instituciones estatales. Señaló que...

July 7, 2022
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