May 2021
04May

Chile inicia tercer retiro de pensiones: pueden salir hasta 19.000 millones

Los chilenos comenzaron este lunes el proceso para retirar, por tercera vez desde el inicio de la pandemia, sus ahorros previsionales, una medida planteada para aliviar la crisis que ha generado la covid-19 y que puede suponer la salida de 19.000 millones de dólares de los fondos. Leer también Chile. Recursos del Tercer Retiro equivalen a 6 años de ahorro de los trabajadores, advierten Chile dio luz verde hace una semana a una iniciativa que permite retirar el 10 % de...

May 4, 2021
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04May

Pension changes for South Africa under the spotlight

Parliament’s Standing Committee on Finance has invited interested parties to submit written submissions on the Pensions Funds Amendment Bill. Introduced by the opposition Democratic Alliance, the bill aims to amend the Pension Funds Act to allow pension fund members to access a portion of their fund before retirement as a guarantee for a loan. The DA has described the draft bill as crucial in the fight for ‘people power over state power’ in South Africa. “Individuals should be free to choose, in...

May 4, 2021
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04May

Surging Stocks Improve Pension Funding Levels, But De-Risking Isn’t at Risk

A strong stock market delivered the goods and then some for pension funding levels, both public and corporate, in the first quarter. But don’t expect companies to pull back from their campaign to shift into safer (if low-paying) bonds from stocks. That’s the conclusion from JPMorgan’s global market strategy team, which noted in a report that this development didn’t mean that corporate plans would ease up on their de-risking—that is, moving into bonds from stocks. Reason: Company defined benefit (DB)...

May 4, 2021
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03May

Chile. Gobierno ingresa proyecto de bono de $200 mil para quienes no tengan fondos en las AFP

El presidente Sebastián Piñera ingresó al Congreso Nacional el proyecto que establece un nuevo bono de cargo fiscal que irá directamente a las cuentas de cada persona en las Administradora de Fondo de Pensiones (AFP). Tras la promulgación del Tercer Retiro despachado por el Congreso, el presidente comprometió un bono de $200 mil para los fondos de pensiones de las personas que no tengan cotizaciones debido a los retiros de fondos. Leer también México. Inicia jubilación para la primera generación afore Dicha...

May 3, 2021
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03May

Japan. GPIF looks to study private equity replication

Japan's Government Pension Investment Fund may be mulling changes to an alternatives investment program that's been cautiously deliberate until now. On April 20, the ¥177.7 trillion ($1.63 trillion) Tokyo-based giant made two separate announcements speaking to potential changes: the first was a callout for information from managers of domestic real estate, a sign GPIF could be moving beyond the fund-of-funds platforms it's focused on in recent years to directly hire general partners; the second was a paper exploring ways to...

May 3, 2021
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April 2021
29Apr

Perú. AFP: Comisión del Congreso evaluará insistencia de ley que permitiría nuevo retiro de fondos

La Comisión de Economía del Congreso debatirá este jueves la insistencia del proyecto de ley que permitiría nuevos retiros de los fondos de pensiones de las AFP. La iniciativa fue observada por el Poder Ejecutivo esta semana, por lo que primero se deberán revisar las observaciones a la autógrafa antes de pasar la insistencia al Pleno del Congreso. Leer también Perú. Keiko Fujimori dice que duplicará el beneficio de Pensión 65 Según el congresista de Podemos Perú, Aron Espinoza, por el momento...

April 29, 2021
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29Apr

Biggest Pension Fund in Denmark Takes a Hit on Its Bond Exposure

Denmark’s biggest pension fund, ATP, lost almost $200 million on its investment portfolio after its exposure to bond markets backfired. “ATP’s current investment strategy is relatively heavily exposed to interest rates, and this makes it sensitive to the rising interest rates that we saw in the first quarter,” Chief Executive Officer Bo Foged said in a statement. The fund, which oversees about $150 billion in assets, is trying to get parliamentary approval to shift into riskier corners of the market after the government...

April 29, 2021
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29Apr

Pension reform throws harsh light on Irish retirement savings

It was fitting somehow that the biggest regulatory reform of Irish pensions was announced with no fanfare. Just a press release issued without notice at the end of the working day – after 5:30pm. Pensions are a difficult sell and, at first sight, this latest landmark reform is an indicator of why. Called IORP II, the acronym is even more impenetrable than its actual title – the EU directive on the activities and supervision of institutions for occupational retirement provision. Essentially, it is...

April 29, 2021
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28Apr

Chile. Piñera derrotado en intento por bloquear retiros de AFP en Chile

El presidente chileno, Sebastián Piñera, promulgará un proyecto de ley que permitirá que los trabajadores retiren anticipadamente miles de millones de dólares de sus fondos de pensiones, después de que el Tribunal Constitucional desestimó su intento de bloquear la propuesta. Leer también Senado chileno aprueba proyecto de ley sobre retiro de pensión El tribunal votó 7 a 3 en contra de su solicitud, incluso antes de discutir la base el contenido de la apelación, según un comunicado. La corte no dio...

April 28, 2021
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28Apr

Chile’s president will sign into law third drawdown on pensions

Chilean President Sebastian Pinera on Tuesday abandoned his challenge to an opposition-led bill allowing citizens to draw down a third tranche of their pensions, saying he would sign it into law. Earlier in the day, the country’s Constitutional Court rejected a bid by Pinera to block the fresh drawdown on pensions, saying it would not overrule Congress, which gave final approval to the project on Friday. Read also Chile Pension Furor Grows Over Third Round of Withdrawals Pinera had also sought to...

April 28, 2021
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