August 2024
13Aug

Rapid implementation of ‘two pot” retirement system is putting the pressure on the financial sector – 10X

SOUTH Africa’s two-pot retirement system comes into effect on 1 September 2024 is a good idea but the speed at which it needs to be implemented could cause problems, says 10X Investments CEO Tobie van Heerden. President Cyril Ramaphosa signed into law the two-pot retirement system on 1 June 2024, which enables people to make emergency withdrawals from their pension funds once a year. The Revenue Laws Amendment Act was specifically designed to alleviate financial distress by enabling individuals to access...

August 13, 2024
News
Read more...
13Aug

NY pension fund bought $75M CrowdStrike stake just before global IT meltdown — faces loss of nearly $30M

A New York state pension fund is facing nearly $30 million in losses after amassing a stake in CrowdStrike — just before the IT firm caused a global network meltdown that sent the company’s stock into a tailspin. The New York State Teachers’ Retirement System (NYSTRS) bought 197,462 shares in the Austin-based cybersecurity company in the second quarter of this year, according to its latest investor relations report. That stake was worth more than $75 million on June 30, the filing...

August 13, 2024
News
Read more...
13Aug

Half Of Retirees Will Run Out Of Money. That’s The Good News.

“Almost half of American households will run short of money in retirement if they stop working at 65, new research predicts,” Marketwatch reports regarding a new study released by Morningstar. I’ll give you all a moment to breath into a paper bag. Now that you’ve recovered, let’s take a closer look at the Morningstar Model of US Retirement Outcomes, created by Jack VanDerhei and Spencer Look. The details show a much more positive picture regarding Americans’ retirement income security. Using data on Americans’ earnings and...

August 13, 2024
News
Read more...
13Aug

Funded Status of Corporate Pension Plans Held Steady in July

The funded status of corporate pensions stayed steady in July, but some pension trackers saw their first declines in months. Across the board, strong investment returns were offset by a decline in discount rates used to value pension liabilities. Equities were strong in July, although the month saw a decline in tech and artificial intelligence stocks, especially the Magnificent 7. Tech darlings like Nvidia, Apple and others peaked mid-month, with some large- and mega-cap tech stocks declining by double digits...

August 13, 2024
News
Read more...
12Aug

Ecuador. El 65 % de los ecuatorianos desconoce detalles sobre su jubilación

Falta de consciencia sobre su futuro. En Ecuador, el 65% de la población desconoce los detalles sobre la jubilación por vejez ofrecida por el Instituto Ecuatoriano de Seguridad Social (IESS), según un estudio de Actuaria Consultores, empresa especializada en asesoría actuarial, un servicio especializado que utiliza métodos matemáticos y estadísticos para evaluar riesgos y gestionar la incertidumbre en áreas como seguros, pensiones y finanzas. De acuerdo al reporte, esta falta de conocimiento resulta en que muchas personas pierdan la oportunidad de acceder a...

August 12, 2024
Noticias,
Read more...
12Aug

Colombia. La reforma pensional de Petro y los fondos privados: ¿cómo van a afectar la economía? *

Los fondos privados de pensiones son claves para la estabilidad financiera de Colombia. ¿Por qué y qué pretende la reforma del actual gobierno? El sistema pensional actual Los fondos pensionales privados son fundamentales para la seguridad financiera de la población y para el mercado de capitales. Son clave también para la planificación del retiro y la gestión del ahorro individual. El sistema pensional colombiano se caracteriza por la coexistencia de dos regímenes principales: el Régimen de Ahorro Individual con Solidaridad (RAIS) y ...

August 12, 2024
Noticias,
Read more...
12Aug

México. 60% de la Generación Z cuenta con algún tipo de ahorro

La preocupación por el ahorro ha alcanzado a la población joven en México. La Generación Z, influenciada por el acceso a la tecnología, así como por el uso de las redes sociales y las apps, tiene cada vez más conciencia sobre la necesidad de gestionar responsable y eficientemente sus finanzas, y de ahorrar e invertir. Así lo muestra la Encuesta Nacional sobre Salud Financiera (ENSAFI) 2023, elaborada por la Comisión Nacional para la Protección y Defensa de los Usuarios de...

August 12, 2024
Noticias,
Read more...
12Aug

México. Explican propuesta de reforma de pensiones en asamblea informativa

Aunque no se dieron a conocer los números de las presuntas ganancias que ha dejado al gobierno Federal la operación del Tren Maya y del Aeropuerto Internacional Felipe Ángeles (AIFA), la secretaria general del Comité estatal de Morena, Estefanía Yáñez, aseguró que estos ingresos serán los que solventarán a mediano plazo el pago de jubilaciones y pensiones al 100% para todos los mexicanos, si se avala la reforma impulsada por el presidente López Obrador. Sostuvo que la reforma sólo busca el bienestar de las...

August 12, 2024
Noticias,
Read more...
12Aug

Pension warning as ‘significant delays’ hit retirement savings

Retirees are facing "significant delays" in accessing their pension savings, according to experts. Research conducted by My Pension Expert is sounding the alarm over the waiting times for pension transfers between providers. Data from over 5,163 pension transfers in the 2023/24 financial year found Britons waited 28 days on average for ceding companies to move funds from one provider to another. Furthermore, consumers with funds at certain pension firms are having to wait up to 96 days for their savings to be moved to their...

August 12, 2024
Uncategorized
Read more...
12Aug

Get policies right for pension planning

Economic policies form the foundation upon which pension funds thrive or falter. When the economic environment is favourable such that there is sustainable growth and inflation is kept in check, pension funds can fulfill their obligations to retirees. Otherwise, the financial security of pensioners is threatened. The NSSF Act of 2013, which mandated an increase in NSSF contributions, was one of the new legislations that had a favourable effect on pension contributions in Kenya. This occurred in February of last...

August 12, 2024
News
Read more...