September 2024

Korea promotes positive images of older workers amid aging population

As Korea is expected to become a super-aged society next year, with more than 20 percent of the population being 65 years or older, the government is stepping up efforts to promote positive images of older workers. The Ministry of Health and Welfare said on Monday that it will run a weeklong campaign to raise awareness of its efforts to create jobs for older adults and help improve perceptions of those who remain active in the labor market in the...

New Zealand. KiwiSaver funds break over $100b, withdrawals up by 19%

KiwiSaver investments topped $100 billion for the first time over the March year but withdrawals were up by almost 19% over the same period, the Financial Markets Authority (FMA) says in a report. The FMA’s latest KiwiSaver annual report shows funds reached $111.8 billion – up 19.3% from $93.6b in the previous year. John Horner - the FMA’s director markets, investors and reporting - said breaking through the $100b mark, for a relatively small country like New Zealand represented a “coming...

México. Afores ganan $ 8,359 mdp por gestionar ahorro de trabajadores

Las ganancias que obtuvieron las Administradoras de Fondos para el Retiro (Afore) en los primeros ocho meses de 2024 por cuidar los recursos pensionarios de millones de mexicanos aumentaron 32 por ciento de manera anual, con cifras al cierre de agosto pasado, revelan datos oficiales. De acuerdo con la más reciente información de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar), entre enero y agosto pasado las Afore reportaron una utilidad por 8 mil 359 millones de...

Colombia. Gobierno mantendrá el esquema de impuestos a pensiones sin cambios para 2025

Esto se confirmó a través de un concepto de la Dian, que ratifica el mantenimiento del régimen actual de exenciones y la aplicación mensual de las tarifas. El límite de 1.000 UVT, equivalente a unos $3,6 millones, seguirá siendo el mismo, conforme a lo establecido en la Ley 100 de 1993. Según el documento, las disposiciones vigentes, incluidas en la Ley 2381 de 2024, no alteran el tratamiento anterior ni modifican la periodicidad del cálculo de las exenciones. Se concluye que...

Argentina. El Gobierno fijó un nuevo aumento para las jubilaciones a partir de octubre

Luego de que el se vetara la reforma jubilatoria, el gobierno nacional oficializó un nuevo aumento para las jubilaciones que regirá a partir de octubre. Se espera que a estos nuevos montos se le sume el bono de $70.000, el cual queda por confirmar tal como viene haciendo el Gobierno desde marzo pasado. A través de la resolución 798/2024 de la Administración Nacional de la Seguridad Social (Anses), que fue publicada este lunes en el Boletín Oficial, el Gobierno aumentó la jubilación mínima de $234.539 a $244.320,56. A su...

The U.S. Retirement System Will Fail Most Future Retirees

Careful research by Ph.D economists concludes America faces a huge retirement shortfall. We are about eight to nine years away from Social Security's inability to pay full benefits; all boomers are past age 60, and the typical Gen Y and Millennial is predicted to do a little worse or much worse than the cohorts of their big brothers, sisters, and parents. The erosion in retirement security is worse for the bottom 60% or so of the earnings distribution. Yes,...

Swiss Voters Shoot Down Government’s Pension-Fund Reform

Swiss voters rebuffed a government plan to reform company pension funds, marking the second time this year that a proposal to adapt the country’s retirement system to changed demographics was rejected in a plebiscite. The bill to increase wage deductions and reduce retirement payouts — in order to cope with higher life expectancy — was supported by just 32.9% of the electorate, according to final government results published on Sunday. “Now we stick with the status quo,” Switzerland’s leading business lobby...

Sustainable Investing Pursuing Differentiated Paths

“Sustainable investing” has entered the financial lexicon. More investors have adopted it as the preferred term to describe their approach to incorporating the material impacts of environmental, social and governance factors on their investments. But with the proliferation of diverse sustainable approaches available today, it can mean different things to different participants in the institutional investment world. Thomas Kuh, head of ESG strategy at Morningstar Indexes, broadly defines sustainable investing “as an overarching category that includes climate, ESG and impact....

UK pension fund Nest agrees tie-up to invest up to £1bn in build-to-rent

The UK’s state-backed pension scheme has agreed a tie-up with insurer Legal & General and Dutch pension fund manager PGGM to invest up to £1bn in build-to-rent properties, in a deal hailed by the UK government as an example of how the country’s retirement savings can be directed towards its homebuilding effort. The groups are today announcing a partnership with an initial £350mn commitment of combined investment, expected to grow to £1bn in the coming years, to build and manage...

México. Cae 83% la entrada de ahorro voluntario a las Afores durante agosto

El ahorro voluntario es un recurso poco aprovechado por los trabajadores mexicanos, debido a factores como la poca cultura del ahorro que hay en México. La entrada de ahorro voluntario a las Administradoras de Fondos para el Retiro (Afores) cayó 82.65% en agosto del 2024 en comparación con julio, de acuerdo con datos de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). En el octavo mes del año, de ahorro voluntario entraron 538.4 millones de pesos a las...