April 2021
26Apr

Perú. Qué pasa si el Ejecutivo observa el retiro de hasta S/17.600 de las AFP

Este lunes 26 de abril vence el plazo para que el Ejecutivo se pronuncie sobre la autógrafa de ley que aprobó, a fines de marzo, el Pleno del Congreso referente al retiro de hasta S/17.600 (4 UIT) de las Administradores de Fondos de Pensiones (AFP). Al respecto, la titular de la Presidencia del Consejo de Ministros, Violeta Bermúdez, dijo que mañana mismo, el Gobierno dará a conocer su postura sobre el tema, luego de culminar su evaluación con los...

April 26, 2021
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26Apr

Chile’s Pinera counters opposition pensions withdrawal bill with own initiative

Chilean President Sebastian Pinera on Sunday announced the government will launch its own bill to allow citizens to draw more from their private pensions in a last-ditch attempt to kill off a similar move led by the opposition. Pinera said his proposed rival bill would be subject to means-tested taxation and would allow for the withdrawn funds to be gradually repaid through state and employer contributions. The president said his initiative was a better option than the opposition's bill, which the...

April 26, 2021
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26Apr

UK. Private sector DB disappearing ‘more rapidly than thought’

Private sector defined benefit schemes are closing more rapidly than realised, meaning the incomes of newly retired workers are set to fall at a much more dramatic rate in the coming decades than had previously been thought, according to consultancy LCP. A report from the firm found in the private sector the decline of traditional final salary-type pensions is more rapid than previously assumed, while the rise of new ‘pot-of-money’ workplace pensions will take longer to make a real impact than...

April 26, 2021
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23Apr

2021 Retirement Confidence Survey

By EBRI Greenwald Research The RCS is the longest-running survey of its kind, measuring worker and retiree confidence about retirement, and is conducted by the Employee Benefit Research Institute (EBRI) and Greenwald Research. The 2021 survey of 3,017 Americans was conducted online January 5 through January 25, 2021. All respondents were ages 25 or older. The survey included 1,507 workers and 1,510 retirees — which includes an oversample of roughly 500 completed surveys among Black Americans (252 workers and 253 retirees)...

April 23, 2021
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23Apr

Senado chileno aprueba proyecto de ley sobre retiro de pensión

El Senado chileno informó a través de nota de prensa, que fue aprobado con 31 votos a favor y 11 en contra, el proyecto de ley donde se autoriza a los afiliados del sistema de pensiones a retirar parte de sus fondos acumulados. “Se establece como monto máximo de retiro el equivalente a 150 unidades de fomento y un mínimo de 35 unidades de fomento, con el objeto de mitigar los efectos sociales derivados del estado de excepción constitucional de...

April 23, 2021
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23Apr

Perú. Entidades financieras alistan alternativas de ahorro para compensar el retiro de CTS

Consultamos con protagonistas del sistema financiero para que den su primera impresión sobre la ley y el impacto que generará en sus carteras. Mario Guerrero Corzo, subgerente de Estudios Económicos de Scotiabank, comentó que el monto de CTS en el sistema financiero alcanza a S/.21,7 mil millones (2,9% PBI). Pero aún no está claro que porcentaje se retiraría. “El primer retiro de CTS alcanzó a S/ 4.500 millones (0,6%) del PBI, no obstante el saldo de CTS a febrero del...

April 23, 2021
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23Apr

Chile Pension Furor Grows Over Third Round of Withdrawals

Chile’s senate on Thursday approved legislation allowing early pension fund withdrawals, just days after President Sebastian Pinera challenged the bill’s legality in the Constitutional Court. Read also Chile begins debate on third pension withdrawal amid second wave of the pandemic Lawmakers including several Pinera allies backed the bill permitting workers to tap as much as 10% of their retirement savings for the third time since the pandemic started, with 31 votes in favor and 11 against. The proposal will return to...

April 23, 2021
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23Apr

Comfortable retirement still on track for most Americans despite pandemic – survey

The coronavirus pandemic did little to shake the retirement confidence of most American workers and retirees, according to the 2021 Retirement Confidence Survey released Thursday by the Employee Benefit Research Institute and Greenwald Research. Despite the turmoil COVID-19 stirred up in the employment and financial markets, 80% of retirees said they were confident in their ability to live comfortably throughout retirement, while 72% of those still in the workforce expressed confidence in their ability to retire in comfort, the survey...

April 23, 2021
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23Apr

A $120 Billion Danish Pension Manager Loses Faith in Bonds

In one of the world’s best-run pension markets, the biggest commercial manager says it’s time to dump bonds. “The switch out of fixed income into broader equities, whether it’s listed or unlisted, is what we recommend and what we are positioned for,” Kasper Lorenzen, chief investment officer at Copenhagen-based PFA, said in an interview. Back when most asset managers were being taught the trade, “we learned that government bonds are the safe assets, the risk-free asset,” he said. “Well, let’s see...

April 23, 2021
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22Apr

Perú. Comisión aprueba que afiliados sin remuneración no tengan que pagar comisiones a las AFP

La Comisión de Trabajo del Congreso aprobó por unanimidad el proyecto de ley que dispone que un afiliado a las Administradoras de Fondos de Pensiones (AFP) no pague la comisión que le cobran por la administración de su fondo de pensiones, al no contar con una remuneración. El dictamen aprobado reúne cuatro proyectos de ley presentados en el mismo sentido, y fue sustentado por el presidente de la Comisión de Trabajo, Daniel Oseda (Frepap), como uno de los autores de...

April 22, 2021
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