May 2022

Labor Migration in Asia. COVID-19 Impacts, Challenges, and Policy Responses

By ADBI Institute, OECD & ILO International migration is a difficult megatrend to predict. Yesterday, the COVID-19 pandemic; today, the Ukrainian refugee crisis; these have had and will have unpredictable long-lasting impacts on the international cross-border movements of tourists and migrant workers. After two years of a global pandemic, the world is still in the midst of a disruption of migration patterns. The cascade of border closures and the wild swings in economic activity upended predictions about labor migration. Deployment...

Rusia. Putin sube pensiones y minimiza impacto de la guerra de Ucrania en la economía

Con una inflación anual cercana al 18% el mes pasado, Vladimir Putin reconoció que 2022 será un año “difícil” para la economía rusa. El presidente ruso, Vladimir Putin, ordenó esta mañana alzas el 10% en las pensiones y el salario mínimo para amortiguar la inflación local, pero negó que los problemas económicos del país estén todos relacionados con la guerra de Ucrania. Con una inflación anual cercana al 18% el mes pasado, el líder del Kremlin reconoció que 2022 será un...

Chile. Incertidumbre externa sigue impactando a fondos de pensiones: solo el E renta positivo en mayo y el A lidera las pérdidas

Chile. Incertidumbre externa sigue impactando a fondos de pensiones: solo el E renta positivo en mayo y el A lidera las pérdidas

Los fondos más riesgosos, A y B, registran caídas dee 4,11% y 3,39%, respectivamente; mientras que el fondo C, de riesgo moderado, baja 1,9%. En tanto, los fondos más conservadores tienen resultados mixtos, con una caída de 0,74% el D y un alza de 0,03% el E. Manteniendo la tendencia de los últimos meses el efecto en los mercados de la incertidumbre generada por la pandemia y la guerra en Ucrania sigue golpeando la rentabilidad de los fondos de pensiones...

Putin hikes Russian pensions, plays down Ukraine impact on economy

President Vladimir Putin ordered 10% rises on Wednesday in pensions and the minimum wage to cushion Russians from inflation, but denied the country's economic problems were all linked to the war in Ukraine. With annual inflation near 18% last month, the Kremlin leader acknowledged that 2022 would be a "difficult" year for the Russian economy. "When I say 'difficult', it doesn't mean all these difficulties are connected to the special military operation," Putin told a televised meeting of the State Council...

El Salvador. Docentes exigen una reforma a ley de pensiones

El Salvador. Docentes exigen una reforma a ley de pensiones

Los sindicatos de docentes anunciaron ayer, que el día del maestro, que será conmemorado el próximo 22 de junio, llevarán a cabo una marcha para exigir que se realicen reformas al sistema de pensiones. Bases Magisteriales y el Sindicato de Maestras y Maestros de la Educación Pública de El Salvador (SIMEDUCO) aseguraron que la principal exigencia de la movilización es que se cumpla con la reforma al sistema de pensiones, que fue prometida por el presidente Bukele el 15 de...

UK. Annuities make slow comeback as retirees look for income certainty

After a decline in annuity sales following the pension freedoms, the market seems to have levelled off with purchases accounting for around 10 per cent of total market share, according to the Pensions Policy Institute. A PPI briefing note published yesterday (May 26) showed that the average pot size used for purchasing an annuity has risen to £71,000 from £37,000 in 2015. But in recent years, more pots under £10,000 have been used to buy these products. These small pots accounted...

Korea Investment Corp. reports 9.13% gain for 2021

Korea Investment Corporation, the Seoul-based sovereign wealth fund, reported a 9.13% investment gain for 2021 on the back of strong equity market returns, ending the year with its portfolio valued at $205 billion. A KIC news release Thursday credited "solid performance and continued asset entrustments by the government" for lifting the fund's portfolio above the $200 billion mark for the first time. A KIC spokeswoman declined to provide details regarding government infusions to the fund over the past year. But a...

Swiss regulator urges pension funds to check asset manager licenses

The Swiss occupational pension supervisory commission OAK BV is urging pension institutions including pension funds to check whether external asset managers still need the approval from the Financial Market Supervisory Authority (FINMA) to manage so-called collective assets. According to the Federal Act on Financial Institutions (FinIA), the two categories of managers of collective assets include asset managers of occupational pension schemes and of collective investment schemes. OAK BV is also recommending investment foundations, vested benefit foundations (Freizügigkeitseinrichtung) that receive the benefits...

Rentabilidad de los Fondos de Pensiones en España. 2006-2021.

Rentabilidad de los Fondos de Pensiones en España. 2006-2021.

Por Pablo Fernandez, Teresa García de Santos, Juan Fernández Acín & Paula Fernandez Acin La rentabilidad media de los fondos de pensiones en España en los últimos 15 años (1,83%) fue inferior a la inversión en bonos del estado español a 15 años (4%). La rentabilidad media del IBEX 35 fue 1,35%, la del EuroStoxx 50 fue 4,2% y la del S&P500 fue 10,7%. 22 fondos de los 408 con 15 años de historia tuvieron una rentabilidad superior a la...

A Comfortable Retirement Appears Out of Reach for Most in the U.S.

American workers say it will take $1.1 million on average to retire comfortably — but less than one in four figure they’ll be able to save that much. Just 22% of people approaching retirement age said they’ll have enough money to maintain a comfortable standard of living, according to the 2022 Schroders US Retirement Survey, down from 26% a year ago. The survey of 1,000 workers was conducted in mid-February, when the S&P 500 Index was higher than it is...