July 2021
28Jul

UK. Consultation risks taking DC pension consolidation ‘too far, too fast’

The Department for Work and Pensions’ (DWP) most recent consultation on further consolidation in the defined contribution (DC) pension market risks taking consolidation “too far, too fast”, according to Hymans Robertson. In its response to the consultation Future of the DC pension market: the case for greater consolidation, Hymans Robertson warned that taking consolidation further and faster would be “counter-productive”, and reduce competition and innovation. “Since DC took over from defined benefit (DB) as the main source of pension provision in...

July 28, 2021
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27Jul

Chile. Diputado Durán pide iniciar debate del proyecto que busca el retiro del 100% de las AFP

El diputado de Renovación Nacional (RN) Jorge Durán solicitó iniciar el debate de los proyectos que buscan un cuarto y 100% de retiro de los fondos previsionales de las AFP. A través de una declaración, el parlamentario oficialista sostuvo que comenzar la discusión de ambas iniciativas permitiría que se retome el trámite de la reforma de pensiones que permanece en el Senado. ¿Qué dijo el diputado? “Ya estamos terminando julio, estamos entrando a agosto. Los IFE y toda la ayuda del Gobierno...

July 27, 2021
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27Jul

República Dominicana. Las AFP: desembolso de los fondos de pensiones “es imposible”

La presidenta de la Asociación Dominicana de las Administradoras de Fondos de Pensiones (Adafp) afirma que el desembolso de una parte de esos recursos a los trabajadores de manera inmediata sería “imposible”, debido a que no existe una empresa o inversionista que sea capaz de comprar niveles de volúmenes de dineros para atender un reclamo como ese. Leer también Perú. AFP: 2.6 millones de afiliados solicitaron retiro de fondos al 23 de junio Parte de los recursos que manejan las AFP...

July 27, 2021
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26Jul

US. Ohio Pensioners May Hold The Key To Finally Fixing America’s Struggling Public Pensions

It’s no secret that America’s struggling public pensions are a hot mess. Lack of comprehensive state regulation; the failure of legislative oversight; lay boards lacking investment experience; Wall Street donations to corrupt influential politicians and law enforcement indifference, all contribute to the morass. It seems, on the one hand, no one with authority over pensions wants to see improvements and, on the other, participants whose retirement security is at risk have no say as to how their savings are...

July 26, 2021
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26Jul

Ghana. GSE boss asks pension funds to boost equity holdings

The Ghana Stock Exchange (GSE), which is experiencing a bull market this year, provides enormous opportunities for pension funds to invest and realise good returns, Ekow Afedzie, Managing Director of the exchange, has said. Read also Ghana. Minister for Employment initiates mass pension enrolment programme Addressing industry players during a workshop under the theme “Maximising Investment Returns Using the Ghana Stock Exchange”, Mr. Afedzi said “though pension fund investments in fixed-income securities continue to increase, the same cannot be said of...

July 26, 2021
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26Jul

Coronavirus exposes cracks in Hongkongers’ retirement planning as health care costs and weak savings dominate worries, EIU survey finds

The Covid-19 pandemic has left most working adults in Hongkong fearing for their financial position and readiness for retirement, according to a survey by the Economist Intelligence Unit commissioned by HSBC Life Insurance. Read also UK. Triple lock is far from the biggest pension issue on government’s plate Some 98 per cent of Hongkongers expressed worries about ageing in the city, with medical and health care costs, insufficient savings and income security dominating their top concerns. Less than a quarter of...

July 26, 2021
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23Jul

Chile. Ley corta en pensiones: plan del gobierno apunta a empezar a pagar nuevos beneficios en septiembre

Múltiples reuniones son las que han sostenido los ministros de Hacienda, Rodrigo Cerda, y de Trabajo, Patricio Melero, con diputados y senadores de oposición y del oficialismo por la ley corta de pensiones que prepara el Ejecutivo, en vez de la reforma previsional actualmente en el Congreso, para aumentar el Pilar Solidario desde un 60% a un 80% de la población. En tales instancias, desde el gobierno han mostrado a los parlamentarios una presentación donde, entre otras cosas, se enseña...

July 23, 2021
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23Jul

Importance of ‘social’ pillar in ESG increases for pension funds despite dearth of index strategies, survey finds

The ‘S’ pillar of environmental, social and governance (ESG) is becoming increasingly important for pension funds, however, a dearth of core-social related indices remain, according to a survey conducted by CREATE Research in partnership with DWS. The survey, which interviewed 142 pension plans, found 66% expect to increase their allocations to ‘S’ pillar passive funds over the next three years despite just 14% currently using core social-related indices. In the subsequent report, titled Passive Investing 2021: Rise of the social pillar...

July 23, 2021
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23Jul

US. Illinois pensions among worst-funded in nation, report confirms

A new report confirms Illinois is among the worst in the country when it comes to funding its public pensions. The report was distributed by the Tax Foundation, an independent tax policy nonprofit. It indicates the state is only 39% funded for future pension obligations, the second-worst ratio in the country. “Illinois has had this problem for decades,” said Katherine Loughead, senior policy analyst with the Tax Foundation. “It's not getting any better. It is the major driver of Illinois’ chronic...

July 23, 2021
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22Jul

Obstáculos regulatorios y tecnológicos tiran ahorro para el retiro: BID

Los países de América Latina, incluido México, cuentan con regulaciones establecidas para proteger al ahorrador que, si bien tienen buenas intenciones, hacen complejo y burocrático el proceso de ahorrar para una pensión, asegura el Banco Interamericano de Desarrollo (BID). Leer también Por qué el riesgo colectivo es clave para las pensiones “El camino para ahorrar para el retiro está lleno de obstáculos regulatorios, restricciones tecnológicas y fallas de mercado que dificultan la implementación de soluciones de ahorro escalables y efectivas que...

July 22, 2021
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