June 2022

US. BlackRock offers feedback to SEC on climate-risk disclosure proposal

BlackRock, which embraces climate-conscious investing and is pushing other companies to do the same, still supports the rules proposed by the SEC requiring climate-related disclosures from public companies. But the money manager has some notes for the regulator. In a June 17 letter to the SEC, BlackRock reiterated its belief that "climate risk is investment risk" and that related disclosures aligned with the Task Force on Climate-related Financial Disclosures framework should be mandated. However, the firm does not agree with...

El Sistema Nacional de Pensiones y la política de endeudamiento en el Perú: financiamiento de las reformas paramétricas en crisis pandémica

Por Luis Alberto Quintana García En el presente trabajo se analiza el problema del financiamiento de las reformas paramétricas realizadas al Sistema Nacional de Pensiones (SNP) del Perú, en el periodo de la pandemia, para lo cual, se inicia con un estudio sobre el estado en el que se encuentra el SNP y cómo llega al contexto de la pandemia; posteriormente, se examina el proceso de implementación delas reformas paramétricas, a través de la revisión crítica del proceso de promulgación...

España. Las nuevas condiciones para cobrar una pensión y seguir trabajando

La jubilación activa es la opción a la que pueden acogerse aquellos que quieren seguir con su carrera laboral después de cumplir la edad de retiro y compatibilizarla con el cobro de una pensión. Es una fórmula poco utilizada en España. A pesar del crecimiento que ha experimentado en los últimos años, solo 67.317 trabajadores están acogidos a ella, asegura Enrique Devesa, profesor de la Universidad de Valencia e investigador del IVIE. De ellos 10.000 son trabajadores por cuenta ajena y...

¿Cómo gastarán los peruanos los fondos que van a retirar de sus AFP?

Desde el pasado lunes 13 de junio, los afiliados a las administradoras de fondos de pensiones (AFP) han iniciado el trámite para solicitar el retiro de hasta S/ 18,400 (4 UIT) de sus aportes previsionales. Leer también El Sistema Nacional de Pensiones y la política de endeudamiento en el Perú: financiamiento de las reformas paramétricas en crisis pandémica Desde que inició la pandemia en marzo del 2020, el gobierno ha aprobado en seis oportunidades la posibilidad de que los afiliados puedan acceder a...

US. Rising interest rates make it trickier to choose between a lump sum or an annuity

About 15% of private-sector workers have access to a traditional pension, which they often are able to take as a lump sum instead of an annuity. For anyone edging close to a retirement date, be aware that the higher the interest rate used to calculate a lump sum, the smaller the amount. On the other hand, pension annuities typically do not come with cost-of-living adjustments, making them susceptible to inflation risk. Here’s what to know. When you’re nearing retirement and are due a...

UK. High inflation presents ‘tough time’ for schemes looking to invest

High inflation expectations have “surprisingly” led to UK defined benefit (DB) schemes seeing their long-term liabilities fall by around 0.2 per cent over the past 12 months, although the backdrop of rising prices and tightening real wages have resulted in a “tough time” for schemes looking to invest, according to XPS Pensions Group. The latest CPI inflation data, published this morning (22 June), showed that inflation has increased to 9.1 per cent, continuing the trend of rising inflation seen over...

South Korea saw biggest natural population decline for the month of April

The number of deaths in South Korea recorded in April rose to an all-time high for that month. According to Statistics Korea, in April, there were almost 37-thousand deaths, which was a whopping 46.3 percent increase from a year earlier. As for the number of births, it was the 77th month in a row almost six-and-a-half years straight that the number of babies born has declined. Births came in at a little over 21-thousand, which was down 7 percent from a year...

US. Younger Boomers May Outlive Their 401(k) Savings

Baby boomers are not renowned for their frugality, having grown up in an era of rapid economic growth, mass consumerism and a feeling that the money faucet will never turn off. In retirement, however, the money can run out — a risk some boomers face as they spend their way too quickly through their retirement accounts, according to a new study from the Center for Retirement Research at Boston College. That risk is particularly big for younger boomers whose careers...

Japanese corporate pension funds: risks growing for Asia’s emerging markets

Relying on high-growth markets is not showing the results it once did - and the current situation is posing more questions than answers, says one corporate pension fund manager. Corporate pension funds in Japan are struggling to identify the best allocation strategies as the knock-on from distruptive events globally is being felt in Asia's emerging markets, according to leading pension funds. With China’s economy challenged by lockdowns and general repercussions from the Covid-19 pandemic, as well as regulatory interventions that have...

Portugal. “Historic increase” in pensions

The Prime Minister has assured that the Government will comply with the law and in 2023 there will be a “historic increase” in the value of pensions as a result of the drastic rise in inflation and the high economic growth registered this year. This perspective on the evolution of pensions in the coming year was passed on by António Costa at a CNN Portugal conference, which included a special broadcast of the program “The Principle of Uncertainty”. Asked by journalist...