May 2020

Trouble with pensions is a lack of innovation

By Steve Watson Recent research found that two thirds of employers think that pensions are far too complicated and providers are not innovating enough to offer new and progressive products. The research, which looked at the challenges employees face when it comes to pensions, found that almost 45% of employers felt that ensuring all employees have adequate funds when they retire was a huge challenge. While auto enrolment has made a huge difference to the numbers of employees saving into...

March 2019

Impact of the digitalisation of financial services on supervisory practices in the private pension sector case study: Mexico

By the National Commission of the Retirement Savings System (CONSAR) I. Context of the Retirement Savings System (SAR) 1. Mexico introduced a new mandatory DC system of individual accounts in 1997 for private-sector workers (IMSS) and in 2007 for public-sector workers (ISSSTE)1 , both of which replaced old DB systems that had been in place since the 1940s and 1950s. 2. The new system has been relatively successful in creating a big pool of pension savings, as well as...

August 2018

Why Innovation And Regulation Should Work Together

If there is one single matter that worries tech leaders today it is the difficulty in conciliating innovation and regulation. Most companies, from tech giants to startups, are still trying to adjust to the EU's General Data Protection Regulation (GDPR), and yet more of the same is coming. The next step will be the adoption of the EU’s ePrivacy Regulation, which will be published toward the end of 2018 or early 2019. Recently, lawmakers signed the California Consumer Privacy Act...