February 2021
05Feb

OCDE ve una oportunidad para reducir la desigualdad en Chile

Chile debe impulsar la creación de empleo y reducir la brecha de la desigualdad para promover la recuperación de su economía duramente golpeada por la crisis del covid-19, indicó este jueves la Organización para la Cooperación y el Desarrollo Económicos (OCDE). La crisis del coronavirus y el estallido social de octubre de 2019, han sido "dos grandes shocks" para Chile, que experimenta una recesión con una contracción económica del 6% en 2020 y un aumento del desempleo en niveles...

February 5, 2021
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05Feb

EEUU. Gana fuerza en el Congreso una propuesta para que el Gobierno abra una cuenta con $1,000 a todos los recién nacidos y la vaya enriqueciendo

Un proyecto de ley impulsado por el demócrata Cory Brooker en el Senado y la demócrata Ayanna Pressley en la Cámara de Representantes propone que el Gobierno federal cree una cuenta de ahorros con 1,000 dólares para toda persona que nazca en Estados Unidos. Los llamados baby bonds buscan disminuir la desigualdad económica y racial, y están ganando apoyo entre la mayoría demócrata en ambas cámaras del Congreso. Dependiendo de los ingresos de la familia, el Gobierno añadiría 2,000 dólares...

February 5, 2021
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05Feb

Declaran inconstitucional que Perú devuelva el dinero aportado para pensiones

El Tribunal Constitucional de Perú declaró este jueves inconstitucional la polémica ley que obligaba al Estado a devolver parte de sus cotizaciones a los trabajadores afiliados al sistema público de pensiones, lo que ponía en riesgo los recursos estatales para que los actuales jubilados reciban su pensión. El fallo fue unánime por parte de los siete magistrados del Tribunal Constitucional de Perú, pues todos votaron a favor de declarar esta norma inconstitucional por afectar al acceso a las pensiones...

February 5, 2021
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05Feb

Peru court scraps law allowing withdrawals from state-run pension system

Peru's Constitutional Court on Thursday tossed out a law that would have allowed the partial withdraw of savings by citizens enrolled with state pension fund, a measure that had prompted fierce opposition from interim President Francisco Sagasti. The court said in a statement that it had voted unanimously to overturn the law, calling it "unconstitutional." The law passed by opposition members of Congress in December, intended as a lifeline for those in need amid the coronavirus crisis, would have...

February 5, 2021
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05Feb

Latvian pensioners most at-risk of poverty in European Union

Latvian pensioners are the most at risk of suffering poverty among all European Union member states, according to data published by Eurostat February 3. Based upon data from 2019 the proportion of pensioners aged over 65 who are deemed to be at risk of poverty was between 10% and 30% in the majority of EU Member States. The four countries with an at-risk-of-poverty rate above 30% in 2019 were Latvia (54%), Estonia (51%), Bulgaria (36%) and Lithuania (35%). In...

February 5, 2021
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05Feb

Portfolio Management for Insurers and Pension Funds and COVID-19: Targeting Volatility for Equity, Balanced and Target-Date Funds with Leverage Constraints

By Bao Huy Doan, Jonathan J. Reeves, Michael Sherris Insurers and pension funds face the challenges of historically low interest rates and volatility in equity markets, that have been accentuated due to the COVID-19 pandemic. Recent advances in equity portfolio management with a target volatility have been shown to deliver improved on average risk adjusted return, after transaction costs. This paper studies these targeted volatility portfolios in applications to equity, balanced and target-date funds with varying constraints on leverage....

February 5, 2021
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04Feb

Greece’s number of retirees at poverty risk surprises

Eurostat, the statistical office of the European Union, released new data today that measures how many pensioners are at risk of poverty, and their findings on Greece may very well surprise you. The statistical office said “In 2019, the proportion of pensioners aged over 65 at risk of poverty in the EU stood at 15.1%, slightly above the figure of 14.5% in 2018 as well as above the risk of poverty of working age population (16 to 64 years)...

February 4, 2021
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04Feb

Chile patients find relief with withdrawal of pensions

Ximena Nancumil saves Jan. 21 as a special date on her calendar. That day, her father, who was ill with prostate cancer, had not wanted to drink or eat anything, but his face changed with the news that the Chilean Senate had approved the withdrawal of pension funds for terminal patients. “The day my dad found out he was very deteriorated, he didn’t even had any water, but when he heard the news it was like a balm for...

February 4, 2021
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03Feb

US. GameStop frenzy has hedge fund managers rethinking next moves

Retail investors' frenzied attack on short sellers during the week of Jan. 25, which saw U.S. equity trading by volume hit a record high, is forcing some hedge funds to rethink their strategies and approaches to investing. Sources fear that generating alpha from short positions — and the wider hedge fund industry — may be damaged by the episode. Hedge funds may have to invest more in large-cap stocks rather than small cap, keep their positions better hidden from...

February 3, 2021
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03Feb

Global Equity Release Market Set To Triple By 2031

International research published by EY predicts that the global equity release market could more than triple over the next decade. The Global Equity Release Roundtable 2020 survey report analyses information from market leaders across 13 different countries (including Heartland Reverse Mortgages in Australia and New Zealand). According to the data, the growth potential of this market is huge. Over $15bn of equity is currently released per year globally, and by 2031 this is expected to surpass $50bn annually. That’s...

February 3, 2021
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