January 2025

Este es el plan de México para afrontar las deportaciones anunciadas por Trump

El plan de México para acoger a miles de sus ciudadanos deportados de Estados Unidos es poco menos que ambicioso. Se está planeando construir nueve centros de recepción a lo largo de la frontera —enormes tiendas de campaña instaladas en estacionamientos, estadios y almacenes— con cocinas móviles operadas por las fuerzas armadas. Los detalles de la iniciativa —denominada “México te abraza”— no se revelaron hasta esta semana, aunque las autoridades mexicanas dijeron que la habían estado ideando durante los últimos...

US. Pension funds push once again for private equity transparency

Pension funds and other institutional investors are pressing private-equity firms to provide more standardized reporting on fees and investment performance, reflecting long-standing frustration over inconsistent and opaque disclosures. Citing sources familiar with the matter, the Wall Street Journal reported that the Institutional Limited Partners Association, a trade group representing pension plans such as the California Public Employees’ Retirement System and the State of Wisconsin Investment Board, recently proposed new guidelines aimed at improving transparency in the private-equity sector. According to the Journal, those guidelines...

Inside the Plan to Receive Thousands of Mexicans Deported From the U.S.

Mexico’s plan to receive thousands of its deported citizens from the United States is nothing short of ambitious. Plans are underway to build nine reception centers along the border — massive tents set up in parking lots, stadiums and warehouses — with mobile kitchens operated by the armed forces. Details of the initiative — called “Mexico Embraces You” — were revealed only this week, although Mexican officials said they had been devising it for the past few months, ever since...

European investors upbeat on impact investing, despite US concerns

Over 90% of European investors polled in the run up to the 21 January of US president Donald Trump said they were extremely or somewhat concerned over the state of ESG and sustainability practices in the US, but they still intend to either maintain or increase their impact allocations, a survey by Pensions for Purpose shows. Pensions for Purpose, a UK-based industry body, says the results are significant because, although European and US investors often follow distinct paths on sustainability...

China moves to boost languishing markets by ordering funds to invest more in shares

The Chinese government is trying to encourage people to spend more by ensuring that share prices will rise, ordering pensions and mutual funds to invest more in domestic stocks to help jolt its languid markets out of the doldrums. Officials told reporters in Beijing on Thursday that beginning this year mutual funds should increase holdings of onshore stocks, called A-shares, by at least 10% a year over the next three years. Commercial insurance funds will have to put 30% of their...

Pensionomics 2025: Measuring the Economic Impact of Defined Benefit Pension Expenditures

By Dan Doonan & Iliana Boivie Pensionomics 2025: Measuring the Economic Impact of Defined Benefit Pension Expenditures finds pension spending powered by U.S. private and public sector defined benefit pensions contributed significantly to the economy. In 2022, retiree spending of public and private sector pension benefits generated $1.5 trillion in total economic output, supporting 7.1 million jobs across the nation. In addition to its impact on employment and economic activity, pension spending bolstered public finances in 2022, adding $224.3 billion in...

Chile. Acuerdo en reforma de pensiones: Comisión de Trabajo y Previsión Social aprobó idea de legislar

La Comisión de Trabajo y Previsión Social aprobó por unanimidad la idea de legislar del proyecto en segundo trámite que crea un nuevo Sistema Mixto de Pensiones y un Seguro Social en el pilar contributivo, mejora la Pensión Garantizada Universal y establece beneficios y modificaciones regulatorias. Ello, luego de varias jornadas de conversaciones y análisis que concluyeron con la presentación por parte del Ejecutivo de un paquete de indicaciones que permitieron destrabar la tramitación legislativa, generando un acuerdo entre los...

Demografía, mercado de trabajo y el desafío pensional en el largo plazo

Por Michele Bruni y Stefano Farne La Revolución Demográfica afecta a todos los países, aunque en tiempos diferentes, provocando un aumento inicial de la población joven que luego migra hacia la población en edad laboral y, finalmente, a los adultos mayores. Esto genera tres desafíos: educativo, ocupacional y de pensiones. Este artículo analiza el avance de la Revolución Demográfica en Colombia, enfocándose en las políticas para abordar el desafío de las pensiones. A partir de índices económicos de dependencia, se...

Retirees Relocate for Income Tax Exemptions

By Linda Gorman In 2013, the Portuguese government offered foreign retirees relocating to Portugal a 10-year tax exemption on their foreign-source pension income, provided their country of origin had a tax treaty with Portugal. As the number of immigrant retirees grew, the amount of forgone income taxes grew, reaching €1.5 billion, or about 0.6 percent of GDP, by 2021. In that year, the tax exemption was replaced by a 10 percent rate. In 2024, the exemption was repealed. Source National Bureau...

UK. What the bond market turmoil means for your mortgage, pension and savings

The bond market sell-off has revived fears about rising borrowing costs after the crisis that followed Liz Truss’s disastrous mini budget in 2022. However, experts are suggesting there is no need to panic. Here is what it may mean for mortgages, pensions and savings. Pensions If you are aged under 50 and are saving into a pension, it is unlikely any of your money will be in bonds. It is instead probably going into stock market-based investments, and any short-term fall...