December 2024

UK Government denies compensation to Waspi women

Prime Minister Keir Starmer has defended the decision to reject compensation for women hit by changes to the state pension age, arguing that the taxpayer "simply can't afford the tens of billions of pounds" in payments. He added that "90% of those impacted knew about the changes that were taking place". However, during Prime Minister's Questions, Sir Keir was repeatedly pressed on the government's decision, with one MP calling for a vote. The Women Against State Pension Inequality (Waspi) campaign group say that...

US Pension Plans Set to Increase Contributions in 2025

Approximately 58% of pension funds in the U.S.—including public, corporate and multi-employer plans—reported that their funded status increased in 2024, according to a survey of pension fund professionals commissioned by Ortec Finance. Approximately 30% of plans reported that their funding status is unchanged, while 12% said their funding status decreased this year. While funded status is generally increasing, more than two-thirds (68%) of respondents said they will or are likely to increase contributions this year. According to Ortec Finance, of the...

El Gobierno brasileño propone reformar el régimen de jubilaciones de los militares

El Gobierno brasileño presentó este martes al Congreso un proyecto de reforma del régimen de jubilaciones de los integrantes de las Fuerzas Armadas, que elimina algunos beneficios y apunta a conseguir un mayor ahorro fiscal. Según el Ministerio de Hacienda, la reforma permitiría reducir un déficit del sistema especial de jubilaciones de los militares que, para 2023, era de casi 50.000 millones de reales (unos 7.800 millones de euros). Para ello, establece los 55 años como edad mínima para el retiro...

México. Rendimientos y plusvalías para los trabajadores: el 2024 del SAR

La Administración del Seguro Social de Estados Unidos implementará un nuevo aumento en la edad de jubilación completa (FRA) a partir de 2025. Este cambio afectará principalmente a las personas nacidas en 1959, quienes deberán esperar hasta los 66 años y 10 meses para acceder a sus beneficios completos. La modificación es parte de una serie de incrementos graduales en la edad de jubilación, iniciados tras una reforma legislativa en 1983 con el objetivo de ajustar el sistema a la mayor esperanza de vida de los estadounidenses. La...

La edad de jubilación completa del Seguro Social en EEUU aumentará en 2025

La Administración del Seguro Social de Estados Unidos implementará un nuevo aumento en la edad de jubilación completa (FRA) a partir de 2025. Este cambio afectará principalmente a las personas nacidas en 1959, quienes deberán esperar hasta los 66 años y 10 meses para acceder a sus beneficios completos. La modificación es parte de una serie de incrementos graduales en la edad de jubilación, iniciados tras una reforma legislativa en 1983 con el objetivo de ajustar el sistema a la mayor esperanza de vida de los estadounidenses. La...

El Salvador. Gobierno tomó $871 millones del Fondo de Pensiones en 10 meses

El Gobierno de El Salvador tomó, entre enero y octubre de 2024, más de $871 millones del Fondo de Pensiones, lo que marca un aumento de casi $9 millones respecto al mismo periodo del año pasado, un 1% de alza. Con esto, la deuda de pensiones llegó a un total de $10,365 millones. Según el Banco Central de Reserva (BCR), la deuda total del país a octubre era de casi $31,202 millones, por lo que el compromiso con el dinero...

US. Indiana to Replace BlackRock in Pension Funds Due to ESG Investing Policies

The Indiana Public Retirement System (INPRS) voted to replace BlackRock as a manager in its portfolio, due to the investment giant’s alleged use of ESG investment policies and its engagement using “an ESG focused agenda.” In a press release from Indiana State Treasurer Daniel Elliott, who also serves as a member of the INPRS Board of Trustees, Elliott said lauded the board’s decision to remove BlackRock, describing the firm as an “ESG violator.” Elliott said: “Today, I and other INPRS board members...

How the place where people live influences aging in Spain

As the population ages and grows in our cities, the question arises of whether this environment is truly a suitable space for older people to live fully, with health, comfort, and quality of life. Although cities offer access to medical services, social activities, and amenities that are often lacking in rural areas, they also present barriers that limit the quality of life. Are our streets and services really adapted to their needs? Are we making enough progress? Are rural...

AI and machine learning to help pension plan governance, says CFA report

The CFA Institute Research and Policy Center has released new research exploring how AI and machine-learning technology can address critical issues facing the global pensions industry. Demographic shifts, underfunding of defined benefit pension plans, inflation, rising inequalities, and gaps in financial literacy, are creating an increasingly complex pensions environment and more risk of pension inadequacy for retirees. The research, ‘Pensions in the Age of Artificial Intelligence’. explores whether technology can offer solutions to address key issues across various parts of the value...

Canada. Navigating Change: Developments in the Pensions and Benefits Sector

Recent regulatory changes, case law precedents and best practices are reshaping the pensions and benefits sector. These changes emphasize the need for robust compliance, governance and strategic planning to effectively navigate emerging risks and obligations. Below are five key developments that plan administrators and stakeholders should keep in mind. Regulatory Updates. The federal government has introduced proposed amendments that would require OSFI to publish investment information with respect to certain federally regulated pension plans. Provincially, Ontario filed various regulations to implement...