December 2019

10Dec

Asset & Wealth management Revolution

By PwC The world’s Asset & Wealth Management (AWM) industry has turned its eyes to the Latin American (LatAm) region, with many fund managers looking for growth in the burgeoning market. However, the fabric underlying the industry is set to be upended in the coming years as new clients enter the space and the existing, bank dominated, distribution model begins to face challenges as clients look for new, and cheaper, ways of buying products. While economic uncertainty in the region is...

December 10, 2019
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10Dec

Latin American AuM will more than double by 2025: PwC report

Despite a number of Latin American countries facing political and economic uncertainty, the long term growth prospects for the asset and wealth management industry remain strong across the continent according to a report published today by PwC and Sura Investment Management. The report, titled Asset and Wealth Management Revolution: Latin America's flourishing opportunities, finds that, despite the challenges faced by the region, assets have grown by 7.9% compounded annual growth rate (CAGR) since 2015 to reach $2.4trn in 2018....

December 10, 2019
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November 2019

28Nov

CPPIB takes stake in Latin American fitness chain Smart Fit

Canada Pension Plan Investment Board has acquired a 12.4 percent stake in Latin American fitness chain Smart Fit. The investment was for C$340 million. Smart Fit, which currently serves 2.5 million members across 739 locations in ten countries, is headquartered in São Paulo, Brazil São Paulo, Brazil/Toronto, Canada (November 26, 2019): Canada Pension Plan Investment Board (“CPPIB”) has invested R$1,071 million (C$340 million) for a 12.4% stake in Smartfit Escola de Ginástica e Dança S.A. (“Smart Fit”), broadening its...

November 28, 2019
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September 2019
06Sep

Twenty Years of Wage Inequality in Latin America

By Julián Messina, Joana Silva This paper documents an inverse U-shape in the evolution of wage inequality in Latin America since 1995, with a sharp reduction starting in 2002. The Gini coefficient of wages increased from 42 to 44 between 1995 and 2002 and declined to 39 by 2015. Between 2002 and 2015, the 90/10 log hourly earnings ratio decreased by 26 percent. The decline since 2002 was characterized by rising wages across the board, but especially among those...

September 6, 2019
Adequacy, Articles, Labor Market, , ,
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June 2019

28Jun

Trends in health and retirement in Latin America: Are older workers healthy enough to extend their working lives?

By Laeticia R.De SouzaaBernardo L.QueirozbVegard F.Skirbekkc To counter the problems of demographic ageing, Latin American countries, like many nations elsewhere, are considering raising the retirement age in order to maintain fiscal balance and sustain economic prosperity. In doing so, however, they must take into account not only the simultaneous decline in older adults’ labour force participation but also poor health among those potentially affected by the change. In this paper, we use country comparable census data for 1970–2010 to...

June 28, 2019
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21Jun

Social Programmes, Poverty Eradication and Labour Inclusion. Lessons from Latin America and the Caribbean

By Lais Abramo, Simone Cecchini, Beatriz Morales Diverse social programmes — including conditional cash transfer programmes, labour and production inclusion programmes and social pensions — are being implemented in Latin American and Caribbean countries with the aim of ending poverty and reducing inequalities throughout the life cycle. This book offers an up-to-date analysis of these programmes and the way they relate to labour inclusion, and analyses ongoing debates regarding the possible incentives and disincentives they create in terms of...

June 21, 2019
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April 2019

29Apr

Inclusive Growth: The Global Challenges of Social Inequality and Financial Inclusion

By Howard Thomas, Yuwa Hedrick-Wong Inclusive growth ensures the benefits of a growing economy extend to all segments of society. Unleashing people’s economic potential starts with connecting them to the vital networks that power the modern economy. Implementing inclusive growth is a means of democratizing productivity and it is essential to reduce the widening gap between the wealthy and the poor in both developed and developing economies.   This book arose out of a research partnership between the Mastercard Center for...

April 29, 2019
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March 2019

15Mar

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...

March 15, 2019
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February 2019

20Feb

Latam FX firms, Brazilian stocks mount recovery

A Latin American equities benchmark rose on Tuesday, bolstered by a rebound in Brazilian shares, while Latin American currencies broadly advanced against a soft dollar. Global currency traders wound back safe-haven dollar holdings on hopes that the fresh round of U.S.-China talks would aid strained trade ties between the world's two biggest economies, setting the stage for Latin American currencies to gain. Brazilian equities climbed back above the 97,000 mark....

February 20, 2019
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19Feb

Latam FX weak, Brazil’s real drops ahead of pension reform plans

Latin American currencies weakened against the U.S. dollar on Monday, with Brazil's real underperforming its peers ahead of anticipated pension reforms to be presented to congress later this week. The real slipped 0.8 percent, underperforming its peers, as President Jair Bolsonaro is expected to face opposition from congress, possibly delaying the passage of reforms seen as essential for shoring up the economy. "Pension reforms are considered crucial by the market with...

February 19, 2019
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