July 2021
19Jul

Fewer women than men will regain employment during the COVID-19 recovery says ILO

The inequalities between women and men in the world of work that have been exacerbated during the COVID-19 pandemic will persist in the near future, according to the International Labour Organization (ILO). A new policy brief finds there will be 13 million fewer women in employment in 2021 compared to 2019, while men’s employment will have recovered to 2019 levels. Even though the projected jobs growth in 2021 for women exceeds that of men, it will, nonetheless, be insufficient to...

July 19, 2021
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16Jul

UK. Pension tax change proposals branded ‘tragic’ and ‘crazy’

On the go: Rumours that the Treasury is planning to raid pensions have been branded “tragic” and “crazy” by speakers at a Hymans Robertson webinar, who warned that any reforms harming incentives to save could undo the work put in to boost retirement standards. Pensions Expert reported in June on the rumours that Treasury officials have drawn up a list of three reforms to the way pension contributions are taxed, with the aim being to find the money to pay...

July 16, 2021
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16Jul

How geopolitics impact global public investors

In the world of institutional investing, geopolitical risk has emerged as a pressing concern. While some asset owners contend that they are fully capable of analysing and managing such risk, they appear to be in the minority. Many public investors are still largely unprepared, lacking proper analytical frameworks and relevant expertise to tackle geopolitics in a structured and rigorous way. However, there is a relatively simple and straightforward solution to this: asset owners can apply some of the same...

July 16, 2021
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15Jul

México. Retirar 5 mil de la Afore significa perder 23 mil

Debido a la crisis económica ocasionada por la pandemia, las finanzas personales de muchos mexicanos se han visto afectadas. Para tratar de salir a flote, las personas han recurrido a préstamos bancarios, préstamos sobre nóminas y a retirar parcialmente de su cuenta de ahorro para el retiro (afore). Sin embargo, Álvaro Aldrete, conferencista y asesor profesional de seguros desde 2006, experto en ahorro y retiro, explica que lo ideal es no recurrir a los ahorros de la afore, y solo...

July 15, 2021
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15Jul

U.K. corporate pension fund surplus gains again in June

The total surplus of U.K. defined benefit funds covered by the Pension Protection Fund’s 7800 index increased 4.7% in June to £99 billion ($137 billion). The surplus was £94.6 billion at the end of May. A year earlier, U.K. corporate DB funds recorded a total deficit of £132.2 billion, the London-based PPF said Tuesday in an update. The PPF is the lifeboat fund for defined benefit plans of insolvent U.K. companies. The funding ratio increased to 105.8% as of June 30, up...

July 15, 2021
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14Jul

He runs the worst-funded public pension in the country. Here’s his ‘good news’ story

It’s a safe bet that many people, seeing their work described in print as “among the worst in the country,” might cringe and try to avoid the media. But David Eager has spent the past five years running the Kentucky Public Pension Authority, with an eye to turning the system around. A big part of his work has been increasing transparency and educating people about the nitty-gritty of public pensions, how Kentucky got into the mess it’s in, and how...

July 14, 2021
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13Jul

Perú. AFP: 2.6 millones de afiliados solicitaron retiro de fondos al 23 de junio

Al 23 de junio último, unos 2.6 millones de afiliados al Sistema Privado de Pensiones (SPP) efectuaron las solicitudes de retiro de sus ahorros jubilatorios por 27,700 millones de soles en el marco de la Ley 31192, aprobada por el Congreso, informó el Banco Central de Reserva (BCR). Leer también Perú. Congreso busca bono de reconocimiento para más afiliados a las AFP y subir límite de inversión en el exterior Esta normativa supone el retiro de 40,200 millones de soles de...

July 13, 2021
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13Jul

US. Biden’s Pension Rescue Seen as Bigger Help for Corporate Bonds

U.S. President Joe Biden’s planned pension rescue could result in even more money being shunted into investment-grade corporate bonds than previously thought, according to Citigroup Inc. strategists. The Pension Benefit Guaranty Corp., which insures pensions, issued rules on Friday for bailout money for multi-employer plans that are severely underfunded. These plans can apply for rescue funds as part of the $1.9 trillion pandemic-relief bill signed into law in March. The PBGC said that the pensions are eligible for $94 billion of...

July 13, 2021
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13Jul

Nigeria. Avoiding A Future Of Retired Destitute

NIGERIA’S Population has grown from 45.1 million in 1960 to the current 211.4 in 2021. By the United Nations estimates, the population grew by 2.5 per cent from its 2020 figure. Read also Jamaica. Dead or alive? Pension payments continue And according to National Bureau of Statistics (NBS), 33 per cent of those within the workforce who were willing and looking for job were unemployed as at the close of 2020. According to the International Monetary Fund (IMF), the informal sector...

July 13, 2021
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12Jul

México. Por crisis sanitaria, 700 mil retiraron de su Afore

De los más de dos millones de trabajadores que retiraron recursos de su Afore por desempleo durante la pandemia, sólo 700 mil se atribuyen “realmente” a la crisis sanitaria, aseguró el presidente de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar), Abraham E. Vela Dib. Los primeros retiros ligados al COVID-19 se registraron en mayo de 2020, considerando que deben pasar 46 días sin empleo para ser uso de este beneficio. De ahí a la fecha, dos...

July 12, 2021
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