May 2022
18May

US. Allianz subsidiary pleads guilty over a $7 billion investment implosion.

The German insurance firm Allianz will pay more than $6 billion over the implosion of a group of hedge funds two years ago that stuck public pensions, religious organizations, foundations and other investors with heavy losses. Read also US. DoL Urged to Help Pension Plans Make Climate Impact An American subsidiary of the insurer, Allianz Global Investors U.S., pleaded guilty Tuesday to securities fraud for failing to stop the scheme, which came to light after the funds collapsed early in the...

May 18, 2022
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18May

UK. Perceptions of TPR’s performance quality deteriorate in 2021

The perception of the Pensions Regulator’s performance quality diminished last year, according to the watchdog’s ‘Perceptions of TPR’ report More than half (54 per cent) of respondents said TPR’s overall performance was good, while 15 per cent said it was very good. Read also UK. People with disabilities ‘have pension savings worth third of average pot’ Just over a fifth said the regulator’s performance was fair, while 1 per cent gave it a poor rating. The report is based on the 2021 perceptions...

May 18, 2022
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18May

How Healthcare Costs Can Affect Retirement Planning

People in their 50s, 60s and 70s wear many hats: taking care of elderly parents, financially supporting grown children, working full- or part-time and volunteering in their communities—all while managing their growing healthcare needs. Baby boomers have redefined retirement, and today it looks completely different than it did a generation ago. There are reasons for that: People who are of retirement age now face a greater number of post-work years because we’re living longer. Retirement might last decades. Americans who...

May 18, 2022
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18May

Arab Pensions Conference grows into key regional platform

An eminent line-up of speakers from global think-tanks, government pension funds, regional financial institutions, actuaries, asset managers, insurers and HR leaders will take part in the Arab Pensions Conference in September. The sixth edition of the conference will be held on September 28 and 29 and hosted in Sharm El-Sheikh this year, in a move  that will see the event, which first started in Bahrain, shifts to a different city within the Arab  world  every year. A one-of-a-kind event organised by...

May 18, 2022
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18May

Why are millennials better at saving than their parents?

Millennials started saving for retirement in their mid-20s, about 10 years earlier than baby boomers, a new Charles Schwab report says. But experts still predict that millennials will be less secure in retirement than their parents or grandparents. The most common retirement plans today tend to be riskier, with smaller potential payouts. Student loans, soaring housing costs, COVID-19, recessions and gig working are some of the other challenges millennials have faced. Millennials are now the world’s largest adult generation...

May 18, 2022
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Dinero e instituciones para el desarrollo: El largo sendero de las reformas financieras en América Latina
17May

Dinero e instituciones para el desarrollo: El largo sendero de las reformas financieras en América Latina

Por Dra. Eugenia Correa Los análisis económicos más ortodoxos han dominado ampliamente el pensamiento económico de América Latina (AL). El estándar de equilibrio macroeconómico fue profundamente aceptado con una oposición muy pequeña hasta ahora; incluso frente a los críticos desequilibrios económicos mundiales y el gran deterioro de las capacidades de crecimiento. Este trabajo expone algunas de las principales características de las estructuras financieras y las tendencias crediticias dentro de la nueva inserción financiera en el proceso de globalización. Posteriormente, se...

May 17, 2022
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Hacia un contrato social renovado en tiempos de Covid-19 para América Latina: ¿por qué? ¿qué incluir?, ¿cómo llevarlo a cabo?
17May

Hacia un contrato social renovado en tiempos de Covid-19 para América Latina: ¿por qué? ¿qué incluir?, ¿cómo llevarlo a cabo?

Por Cristina Cabutto, Sebastián Nieto Parra y Juan Vázquez Zamora (OECD Development Centre) Una recuperación fuerte, inclusiva y sostenible de la pandemia del COVID-19 en América Latina y el Caribe (ALC) va a requerir medidas audaces y reformas ambiciosas. Avanzar en esa agenda de reformas no será tarea sencilla, en particular en un contexto de alto descontento social, que ya se venía observando en la región en los años previos a la crisis. Por ello será fundamental repensar el contrato...

May 17, 2022
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17May

Las pensiones en la economía digital. Retos y reformas

Por Rocío Gallegos Losada La economía gig de plataformas digitales está transformando el mercado laboral. Los empleos para toda la vida son cada vez más quiméricos y la precariedad prevalece. Esto afecta a la suficiencia y solvencia del sistema público de pensiones en España. La Seguridad Social española llega con síntomas agravados de agotamiento a este reto. Al envejecimiento demográfico se le une un modelo de reparto de corte bismarckiano-mediterráneo, en el que la relación jurídica con la Seguridad Social...

May 17, 2022
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17May

Prosperidad y Pensiones. Reflexiones y perspectivas tras 20 años de la reforma de pensiones en la República Dominicana

Por Nicholas Barr, Diego Valero, David Tuesta, Edgar Robles, Jaime García & Manuel Lozano Al arribar los veinte (20) años de una de las más trascendentales conquistas sociales experimentadas en nuestro país en las últimas décadas, la promulgación de la Ley núm. 87-01 y, con ella, la incorporación del conjunto de prestaciones que garantizan protección a la población por vejez, discapacidad, sobrevivencia, maternidad y lactancia, infancia, enfermedad, desempleo, accidentes de trabajo y enfermedades ocupacionales, es más que oportuno realizar un...

May 17, 2022
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17May

US. Trade groups say DOL shouldn’t single out climate risk

Two high-profile trade associations have cautioned the Department of Labor from issuing new climate-specific regulations for retirement plan fiduciaries. The Labor Department in February issued a request for information on what it should do to "protect retirement savings and pensions from risks associated with changes in climate." The RFI follows a May 2021 executive order from President Joe Biden that directed federal agencies to assess and mitigate financial risks related to climate change. The RFI featured a host of questions on...

May 17, 2022
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