September 2024

Chile. Nuevo desacuerdo en pensiones: propuesta del PPD encuentra respaldo en la UDI y el PS señala que “beneficia a las AFP”

Elevar la Pensión Garantizada Universal (PGU) a 250 mil pesos, junto con crear un seguro de longevidad para la cuarta edad bajando la tabla de mortalidad a 85 años, es parte del proyecto de ley corta que impulsa la bancada de independientes-PPD, que apunta a desanclar de la reforma de pensiones los aspectos que tendrían “mayor impacto” en las jubilaciones y discutirlos este año. La propuesta de la tienda oficialista surge en razón de la falta de avances en el proyecto previsional y las desconfianzas respecto a las...

Colpensiones informa: Procedimientos relacionados con la ineficacia de traslados en Colombia

La Administradora Colombiana de Pensiones (Colpensiones), el 22 de agosto de 2024, emitió un comunicado respecto al alcance del Artículo 76 de la Ley 2381 de 2024 (reforma pensional) en lo referente a la oportunidad de traslado. En primer lugar es importante resaltar que, de acuerdo con la precitada ley, "Las personas que tengan setecientas cincuenta (750) semanas cotizadas, para el caso de las mujeres, y novecientas (900) semanas cotizadas, para el caso de los hombres, y que les falten...

UK and US pension risk transfer market to exceed £250bn in next three years

Legal & General has today released the latest edition of its Pension Risk Transfer (PRT) Monitor, which analyses industry trends and market outlooks in the UK and US. Findings from the report show: The UK PRT market has completed an estimated £20bn of buy-ins and buyouts in the year to date The US market experienced a record breaking first half, estimated at $26bn Both markets are on track for one of their largest years ever, with a significant increase in the number...

How European countries are reforming pensions to tackle rising costs, worker shortages

German measures to incentivize workers to retire later come as governments across Europe are turning to pension reforms to address worker shortages and ease the burden on their pension systems. Here is what other European countries are doing. FRANCE Almost half of all developed countries are expected to raise their official retirement age in the future, resulting in an average age of retirement of 66 years within the Organisation for Economic Co-operation and Development. Nevertheless, this is a politically divisive topic, which can have a...

Asia faces $74t retirement income shortfall

Emerging markets in Asia face a $74 trillion pension savings shortfall. Asia may face a retirement income shortfall as those over 60 are expected to make up 25% of Asia Pacific's population, a sharp increase from 14% in 2020, a report by McKinsey revealed. Emerging markets in Asia face a $74t pension savings shortfall, equating to about $50k per worker—11 times the average annual income. In countries like India and Indonesia, pensions cover only 8% of the population. McKinsey said to address the...

México. Pensiones de Pemex costaron 45 mil mdp en medio año

El pago de pensiones y jubilaciones de los trabajadores de Petróleos Mexicanos (Pemex) costaron al erario 45 mil 573.8 millones de pesos en los primeros siete meses del año. Además, este gasto representó un alza anual de 4.9 por ciento en términos reales, de acuerdo con datos de la Secretaría de Hacienda y Crédito Público (SHCP). “Las pensiones de Pemex son un problema de finanzas públicas y a la larga, continuarán impactando muchísimo en la empresa”, aseguró Enrique Díaz-Infante, director de Sistema Financiero del Centro de Estudios...

Perú. Reforma de pensiones fue enviada al Ejecutivo: fijan plazo para promulgar u observar ley

El Congreso de la República envió al Ejecutivo la autógrafa de ley de la reforma del sistema de pensiones, luego de que el pasado 22 de agosto el pleno rechazó la reconsideración de la votación con la que se aprobó el proyecto de norma. La autógrafa de ley fue enviada al Ejecutivo el martes 3 de septiembre. Asimismo, se fijó el plazo para que el Ejecutivo se pronuncie, ya sea promulgando u observando el proyecto. Como se recuerda, el plazo es de...

UK. State pension to rise by over £400 next year

The Treasury expects the new full state pension to be boosted above inflation by more than £400 a year in cash terms. The internal working calculations seen by the BBC reflect the near certainty that the state pension will be increased by average earnings figures released next week. This is due to the triple lock, which means the state pension increases every April by whatever number is highest out of inflation, the average UK wage increase, or 2.5%. The news comes as...

Climate, housing and pensions – the new partnership shaping the future of retirement

Pensions for Purpose and Independent Governance Group (IGG) announces IGG’s new role as a Community Partner with Pensions for Purpose.} The partnership furthers IGG’s ongoing commitment to address the challenges the pensions industry faces through systemic risks such as climate change, biodiversity loss and income inequality. This association and the wider Pensions for Purpose Community has been set up to accelerate the sharing of knowledge and investment in assets that benefit people and the planet. This is the first linking...

Working till your 70s — Japan’s prospective gift to the world

Japanese people are living longer, but with a struggling pension system and the highest inflation in decades, more are delaying retirement until their 70s or later to make ends meet. Michie Hino is one of them. She works at an elderly care home east of Tokyo, where she spends eight hours a day cleaning the facility and washing laundry even though she’s 77 years old herself. She’s part of the workforce supporting Japan’s growing ranks of aged and infirm. Her monthly...