April 2022

Chile. La Moneda reitera negativa frente al quinto retiro de fondos de pensión: “Nos preocupa la situación inflacionaria”

El Gobierno reiteró su negativa frente al quinto retiro de fondos de pensión y en su lugar promovió el paquete de medidas del plan "Chile Apoya", que el gabinete utilizará como guía para salir a hacer una gira por regiones. La ministra vocera de Gobierno, Camila Vallejo, tras un encuentro con el gabinete y el propio Presidente Gabriel Boric en Barrio Yungay, afirmó que "nos preocupa la situación inflacionaria, los precios de los alimentos y todos los elementos que son...

Australia. Two pathways for super funds to address longevity risk

Australia. Two pathways for super funds to address longevity risk

Addressing longevity risk in the Retirement Income Covenant (RIC) is a tougher nut to crack for superannuation funds than its mandate for funds to mitigate investment and inflation risk to retirement savings. Speaking to Money Management, Challenger’s general manager, institutional partnerships, Simon Brinsmead, said this was because it was the only risk that funds needed to balance that existed outside of the accumulation phase. “Why this is significant is because you've got around about 700 people retiring every day now, so...

US. Window opens to increase ESG investments in DC plans

US. Window opens to increase ESG investments in DC plans

Retirement plan service providers are betting that demand for ESG investments in plan menus — until now muted — is set to grow. Take, for example, Morningstar Inc. In October, the company's investment management arm announced it had teamed up with Plan Administrators Inc., a retirement plan administrator and record keeper, to launch a pooled employer plan this year featuring an investment menu made up almost exclusively of ESG funds. Five months later, Transamerica Corp. followed suit with the launch of...

México. Promueven retiros por desempleo de hasta 28,000 pesos; afectarán tu pensión

México. Promueven retiros por desempleo de hasta 28,000 pesos; afectarán tu pensión

En redes sociales diversos “asesores” promueven ayudar a los trabajadores a retirar casi 30,000 pesos de su afore. Actualmente se está promoviendo en grupos de redes sociales el retiro por desempleo de la afore por más de 28,000 pesos. Si bien, es una cantidad que te puede ayudar a resolver alguna cuestión económica, tendrá efectos negativos en tu pensión. “Tramita tu ayuda por desempleo y retira libres para ti hasta 28,000. El trámite tarda 52 días naturales, debes de tener 150...

Colombia. ¿Qué tan conveniente es que los fondos de pensiones inviertan en infraestructura?

Colombia. ¿Qué tan conveniente es que los fondos de pensiones inviertan en infraestructura?

Recientemente, el Gobierno y Asofondos anunciaron una inversión de $4,5 billones para proyectos de este tipo en el país El sistema pensional y su funcionamiento se ha situado nuevamente en el centro de la discusión pública, esta vez por cuenta de la inversión de $4,5 billones que anunciaron los fondos de pensiones en infraestructura. La decisión fue comunicada de manera conjunta entre el presidente de la República, Iván Duque, y la Asociación Colombiana de Administradoras de Fondos de Pensiones y...

How to Get Americans to Save for Retirement

US. How to get people to save for retirement

The House voted 414-5 on March 29 to pass the Securing a Strong Retirement Act, or “Secure Act 2.0,” hailed in news reports as legislation that would “change the way Americans save for retirement” by requiring that employees be automatically enrolled in work retirement plans. Yet if enacted, Secure 2.0 would increase Americans’ annual retirement contributions by less than 0.2% in 10 years. Secure 2.0’s modest gains are thanks mostly to Republicans—who also have the biggest stake in making...

Kenya. RBA forms new entity to handle post retirement medical schemes

The Retirement Benefits Authority (RBA) has formed a stand-alone body to handle post-retirement medical funds. Dubbed Post-Retirement Medical Funds (PRMFs) Regulations, the entity will register and regulate retirement medical schemes without the need to be entrenched in pension funds. This regulatory move is aimed at enabling more people to access quality healthcare services after retirement. Previously, such funds were operated by pension schemes as a special fund since their introduction in 2018. This means that members whose pension schemes did not wish to explore the...

UK. Penfold: London weighting – how the capital is adopting better saving habits

New research released today from Penfold, the digital pensions platform, reveals Londoners are the least likely group in the UK to spend more than they save each month, despite the higher cost of living in the capital. Half (50%) of those in London say they spend more on non-essentials including eating out and events, the lowest of any region and compared to 64% of people in the East Midlands, 66% in Wales and 62% in the South East (see...

Silver Hues : Building Age-Ready Cities

By Das Maitreyi Bordia, Yuko Arai,  Terri B. Chapman  & Jain Vibhu Cities and countries the world over are at the cusp of epochal global trends whose impacts are likely to be more intense and more far-reaching than those of similar trends in the past. The simultaneity of the demographic transition, deepening urbanization, a technological revolution, frequent shocks brought on by health and climate emergencies, mean that one will need to plan for an older and more urban future. This...

ESG and Private Market Assets: Pension and Insurance Investors Shifting the Trillions (2022 – 2026)

ESG and Private Market Assets: Pension and Insurance Investors Shifting the Trillions (2022 – 2026)

By M. Nicolas J. Firzli, Nick Sherry & Guan Seng Khoo The co-authors of the article, are amongst the original coiners of term such as “infrastructure as an asset class” and “pension superpowers.” They also predicted, at the onset of the Covid Crisis, that a “historic realignment on the asset allocation front is happening precisely at the moment when ESG is moving centre stage: even in once staunchly neoliberal jurisdictions like Texas, Alaska or Switzerland, the smart money is betting...