March 2021

Perú. Retiro de AFP: Comisión del Congreso debatirá este lunes 8 proyectos de retiro de fondos

La Comisión de Economía del Congreso de la República debatirá este lunes 8 de marzo los nuevos proyectos de ley que permitirían un nuevo retiro de fondos de las AFP, en medio de la pandemia por coronavirus que atraviesa el país. Recordemos que en la última sesión del miércoles 3, la Comisión de Economía aprobó con 11 votos a favor declarar en sesión permanente para evaluar tres proyectos de ley presentados por dos congresistas de Podemos Perú y uno de...

UK. Women would have to work 40 years longer to close the gap.

Mothers face more insecure and lower-paid work after having children, official figures suggest. Women with dependent children are seven times more likely to work part-time than men, according to the Office for National Statistics (ONS). More than 15% of mums also say they are economically inactive because of caring responsibilities, versus 1.9% of dads. One analyst said "millions of mums" were being forced to "pay the price" of a less secure career. The new research found that while mums who are employed were...

Society, Economy and Development During the COVID-19 Pandemic: Lesson for Emerging Economies

By Lovelina Little Flower FX, Sigamani Panneer, Hilaria Soundari, Lekha Bhat, Tresa Sugirtha J, Santhosh JS, Mhadeno Y Humtsoe, Vigneshwaran S A, Jeya Baskaran S and Samuel Paul Raj The unprecedented COVID-19 pandemic impacted with multidimensional crisis has disrupted the functioning of the society, devastated global economy and has debilitated development. The appalling implications varied from country to country depending on their economy, health infrastructure, and socio-political factors. This in turn has also reflected on their responses to the pandemic...

Los ocho cambios que busca la reforma de pensiones a la industria de las AFP de Chile

Las modificaciones que se proponen al sector son varios, entre los que se encuentran las utilidades de las gestoras, las comisiones y los directores Uno de los factores clave en la discusión previsional es el cambio a la industria de las AFP, tema central sobre todo para la oposición. Leer también Chile. Los desconocidos detalles que incorporaron las indicaciones a la reforma previsional sobre el fondo de rezago El anuncio que realizó el Presidente Sebastián Piñera anoche en cadena nacional no trajo...

Candidato a la presidencia de Perú promete: Afiliados a las AFP podrán retirar hasta el 100% de sus fondos

El candidato presidencial por Podemos Perú, Daniel Urresti, dijo que, de llegar a la Presidencia de la República, el próximo 28 de julio emitirá un decreto de urgencia que autorizará el retiro de hasta el 100 % de los fondos de las Administradoras de Fondos de Pensiones (AFP) para los afiliados que ya no realicen aportes con fines previsionales. En declaraciones al programa "Habla Candidato", de la Agencia de Noticias Andina y Diario Oficial El Peruano, Urresti dijo que su...

OECD proposes revision of its DC ‘good design’ roadmap

The Organization for Economic Cooperation and Development wants public input on a new roadmap for good design in defined contribution plans. Read also E.U. Pushes Companies to Close Gender Pay Gap The OECD and its Working Party on Private Pensions updated the OECD Roadmap for the Good Design of Defined Contribution Retirement Savings Plans to incorporate recent revisions. The roadmap identifies good design and public policy to help countries to strengthen retirement income adequacy. The initial guidelines were agreed on in...

Chile pension reform: The big bone of contention hampering progress

The Chilean government has amended its pension reform proposals. The administration’s bill was originally submitted in 2018 and has since undergone modifications amid pressure from the opposition. Read also Financial wellness can foster pension system in China It remains stuck in the senate after being greenlighted by the lower house in December 2019. Read also Canada. Pensions seek clear strategies, lower costs through in-house management Against this backdrop, Chileans are due to elect a new president to replace Sebastián Piñera. Under the center-right leader’s latest...

Perú. Proyectos de retiro de fondos AFP no llegan a personas de bajos ingresos

El Banco Central de Reserva (BCR) indicó que los proyectos de ley que buscan el retiro de fondos de las AFP no llegan a las personas de bajos ingresos. La institución remarcó que estas iniciativas no están bien focalizadas, pues a inicios de la pandemia solo un pequeño porcentaje de la Población Económicamente Activa (PEA) en los deciles más bajos de ingresos, estaba afiliado a alguna AFP. En ese sentido, el gerente central de Estudios Económicos del BCR, Adrián Armas, manifestó...

How Covid-19 revealed under-appreciated risks

“Only when the tide goes out do you discover who’s been swimming naked,” legendary investor Warren Buffett once said. While few portfolio managers anticipated the sheer speed and force with which the waters receded during Covid-19 – or the swiftness of their return, the impact of the pandemic made clear that potential risks exist that may not have been seriously appreciated before. Read also Covid-19 Is Most Certainly A Retirement Story The coronavirus crisis sparked a “huge realisation of how risks in...

Fraudsters prey on the fears of China’s aging population.

Shady retirement home and investment schemes have cheated China’s rapidly aging population out of hundreds of millions of dollars, spurring more than a thousand criminal cases in recent years. In a society that traditionally relied on family members to take care of elderly parents, fraudsters have been able to prey on fears that changing social norms and scarce resources will leave older people bereft, report Alexandra Stevenson and Cao Li for The New York Times. By 2025, more than 300 million...