For most Latin Americans, the most effective way to ensure an income in old age is through pension systems. They work differently in each country, but for the average citizen they represent their main source of livelihood in the last stage of their life. However, despite their importance, most people do not know how they work, or because of their design, many of them are at risk of not being sustainable in the long term. "Saving is a very difficult thing....
Artificial joints fitted closely around Zhang's legs, tiny motors humming as they learned his strides. With each step, the sensors tracked his movements and the whole frame gently pushed him forward. In a rehabilitation center in Beijing's Fengtai District, the 76-year-old, once dependent on a caregiver, lifts his feet, one after the other, walking with the help of a robotic exoskeleton. "I used to need someone by my side," he said with a grin. "With the robot training, I can walk...
Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which analyzes data from the nation’s 100 largest public defined benefit plans. For the seventh straight month, the PPFI funded ratio improved in October, rising from 85.4% as of September 30 to 86.3% as of October 31, surpassing the previous high-water mark of 85.5% set at the end of 2021. Another month of strong investment returns—estimated at 1.0% in...
The People’s Pension has overhauled the £6bn pre-retirement section of its default fund, cutting cash and sovereign bond exposure in favour of a global portfolio of short-dated corporate bonds. The £35bn master trust said the changes were intended to “deliver better long-term outcomes” for older savers while continuing to manage drawdown risk. It said recent fiscal concerns had driven heightened volatility in government bond markets, reducing the appeal of sovereign debt on a risk-adjusted basis. UK and US government bonds have experienced...
By Fidelity International There is a quiet revolution happening. It is not about climate change, market cycles or artificial intelligence. It is about time - more specifically, how much more of it we have, and the ability to do what we want with that extra time. For the first time in human history, older populations are growing at a faster pace than the youngest cohorts, ushering in an unprecedented demographic shift worldwide. By 2050, 2.1 billion people - nearly 22%...
By Julien Halfon Pension reforms are at an inflection point as UK and Dutch pension systems enter 2026 with high funding ratios, regulatory clarity, and the scope to re-risk in controlled ways. We expect much wider adoption of cash-flow driven investing strategies for defined benefit plans and some re-risking for the forthcoming Dutch Collective Defined Contribution system. The high equity tolerance of US defined contribution plans is broadening, while allocations to private markets, particularly private credit and infrastructure, continue to...
By Sylvester Willys Namagwa The efficiency of pension schemes in Kenya invites elevated interest owing to the increasing pension contribution amounts and the expectation that benefits paid out of these schemes would protect members from old age poverty. The study investigates the intervening effect of risk management on the relationship between corporate governance and the efficiency of pension schemes in Kenya. The study employs panel data consisting of 896 observations from 128 schemes in a sample period from 2015 to...
By Waldo Andres Tapia Troncoso & Daniel Gamboa Rinckoar Pension systems are fundamental pillars of both present and future well-being for populations in any society. But what exactly are they, and how do they work in Latin America and the Caribbean? In this article, we break down the "ABCs"—the essential basics you need to understand pension systems in the region. We also provide a guide to their structure, how they function, and the challenges they face in the Latin American and...
Por Luis Javier Samudio Barría El informe denominado Desempeño del Sector Pensional Privado de Panamá 2024, tiene como propósito mostrar los principales resultados sobre la evolución del número de afiliados, el crecimiento del patrimonio administrado y la atención de contingencias mediante el otorgamiento de prestaciones a sus afiliados, así como las rentabilidades obtenidas por los diversos fondos pensionales; elementos claves para analizar la incidencia del negocio pensional en la República de Panamá. Fuente Universidad de Panamá
Por Gabriela Mendizábal Bermúdez El Informe sobre Seguridad Social en México 2024 destaca avances impor-tantes en este ámbito, particularmente en relación con las reformas a las pensiones. Se incrementaron los montos mínimos de las pensiones por vejez, lo que permitirá un ingreso más digno para algunas personas trabajadoras al momento de su jubilación. Además, se amplió la cobertura de seguridad social a sectores previamente excluidos, como las personas trabajadoras independientes, del campo y teletrabajadoras. Otro as-pecto relevante fue el fortalecimiento...
