August 2024
06Aug

UK. Retirees seeking guaranteed income from pensions warned annuity rates set to fall

Now might be a good time buy an annuity for those savers looking for the safety of some guaranteed income in retirement – as annuity rates look set to fall. After the Bank of England cut the benchmark interest rate on 1 August, bets have snowballed that global central banks will have to slash rates as jobs market and recession fears in the US have suddenly mounted. Henrietta Grimston, Financial Planning Director at wealth management firm Evelyn Partners,observes: ‘That is sending...

August 6, 2024
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05Aug

Chile. Gobierno reanuda intentos para destrabar reforma de pensiones: este miércoles será clave

El Gobierno hace un último esfuerzo para destrabar la reforma de pensiones y dar por finalizada más de una década de fracasos, poniendo la pelota del lado de los partidos de la oposición. Este miércoles 31 de julio se vencía el plazo que había puesto el Ejecutivo para que se votara la idea de legislar, pero en la derecha se opusieron. Una nueva oportunidad para avanzar en la reforma se presentará el próximo miércoles. La ministra del Trabajo y Previsión...

August 5, 2024
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05Aug

Colombia. ¿Cuál será el papel de los fondos de pensiones del país, luego de la reforma? Esto explica Miguel Largacha, presidente de Porvenir

Tanto Colpensiones como los fondos privados tienen grandes retos y deben prepararse para lo que será la puesta en marcha de la ley de Reforma Pensional en julio del 2025. Miguel Largacha Martínez, presidente del Fondo de Pensiones y Cesantías Porvenir, le explicó a El País cuáles son estos desafíos y en qué condiciones quedaron estas administradoras de recursos con la nueva ley. ¿Cómo quedan los fondos después de avalada la reforma pensional? Lo primero que quiero decir es que desde hace...

August 5, 2024
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05Aug

Mexico. BIVA pide que afores puedan invertir en mercado de valores

La directora de la Bolsa Institucional de Valores, María Ariza, se pronunció porque las administradoras de fondo para el retiro, puedan tener la posibilidad de invertir en diversos activos del mercado de valores, señaló que ello traería mejores oportunidades de rendimiento para uno de los mayores inversionistas que tiene el país, al tiempo que abonaría a la generación y crecimiento de las empresas y el empleo en nuestro país “Yo creo que las Afores son el inversionista más relevante en...

August 5, 2024
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05Aug

These are the countries with the lowest retirement ages in the world

China has made headlines by announcing it intends to raise its retirement age, which has long been the lowest in the world. Australia may not be one of them, but some countries around the world still have incredibly low retirement ages. Interestingly, several have different age specifications for men and women, Read on to see the nations with some of the lowest retirement ages in the world. Australia For reference, Australia has one of the highest retirement ages in the world, at age 67.France Last...

August 5, 2024
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05Aug

Almost half of those who retire at 65 could run out of money

The crisis is heightened for those without access to a 401(k), new research predicts Almost half of American households will run short of money in retirement if they stop working at 65, new research predicts, raising concerns about the financial health of the country as people live longer and have greater responsibility for their own retirement savings. That research, from the Morningstar Center for Retirement & Policy Studies, came from using a new simulation tool that looks at individual characteristics, healthcare...

August 5, 2024
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05Aug

China plans to raise retirement age. Could it happen in Canada?

China is the latest in a slew of countries planning to gradually raise the statutory retirement age as an aging world population is forcing governments to reform their pension plans. Delaying retirement also “makes sense” and could have “a lot of benefits” in other countries, including Canada as the country grapples with labour shortages and a record low fertility rate, experts say. But could it happen? There is no mandated retirement age in Canada, but the standard age to start receiving public pensions is...

August 5, 2024
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05Aug

US. What the longevity economy means and why it’s important

Q. I have heard a lot about the longevity economy and don’t fully understand what it means. Can you explain it and why is it important? Many thanks. N.D. Let’s begin with the term “longevity.” Often it is used as a substitute for aging, yet the words are different from one another. Aging can be defined as a progressive decline to maintain one’s biological and physiological functioning. Longevity does not include decline. It is the average lifespan under ideal conditions suggesting how long we could live if all...

August 5, 2024
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05Aug

The three phases of retirement and how to maintain your quality of life

As you approach retirement, the third phase of your life after childhood and your working years, planning for financial security becomes crucial, especially to protect the wealth you built and maintain your lifestyle for the rest of your life. John Kennedy, director and regional head for the Western Cape at Citadel, says strategic financial management in retirement is extremely important, especially considering that this phase can be divided into three distinct periods, each requiring different financial approaches. A poll published on...

August 5, 2024
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02Aug

Con plan personal de retiro privado 1.7 millones de mexicanos

Los PPR son uno de los tres pilares con los que deberían de contar todos los trabajadores para tener un ahorro para el retiro que les permita recibir una pensión digna. De la población bancarizada y que está en la economía formal, sí creo que podemos tener una cobertura muy importante de esas personas, pero no del total de la población por esas restricciones de la poca bancarización y 50% de la economía en la informalidad”. Luis Lozano, director de inversiones...

August 2, 2024
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