August 2024
21Aug

UK. Pension organisations call on Treasury to expedite regulation of investment consultants

ShareAction has written to the Treasury urging it to expedite plans to regulate all activities of investment consultants. The charity was joined in its call by several pension organisations, including the Association of Member-Nominated Trustees, Pensions for Purpose, and Make My Money Matter. ShareAction noted that, at various times over the past 10 years, the Financial Conduct Authority (FCA), Competition and Markets Authority (CMA), and parliamentary committees have called for investment consultants to be brought within the FCA’s regulatory framework. It urged...

August 21, 2024
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21Aug

South Africa. Two-pot retirement system: fewer early withdrawals, more financial optimism

While many South Africans who are members of pension funds are counting the days until they can withdraw from their savings pot under the two-pot retirement system, research suggests that fewer people plan to dip into their retirement savings early, probably thanks to financial optimism as the economy improves. According to the 2024 Old Mutual Savings and Investment Monitor that took a deep dive into the two-pot retirement system, the number of working South Africans with retirement savings provision (income...

August 21, 2024
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20Aug

México. Condusef alerta a clientes de Profuturo y otras instituciones financieras por fraudes; así operan los estafadores

La Comisión Nacional para la Protección y Defensa de los Usuarios de los Servicios Financieros (Condusef) emitió una alerta sobre las instituciones financieras, debidamente constituidas como Profuturo Afore, que han sido suplantadas por entidades que pretenden defraudar a sus clientes. La Condusef advirtió que los suplantadores utilizan la razón o denominación social de financieras debidamente constituidas e inscritas en el SIPRES, por personas físicas o empresas que buscan engañar a quienes requieren de servicios financieros, utilizando indebidamente su nombre, logo...

August 20, 2024
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20Aug

Chile. Hacienda responde a inquietud de diputados oficialistas por protocolo en pensiones y apunta a que “temores o dudas se vayan despejando”

El protocolo de acuerdo para la tramitación de la reforma de pensiones en el Senado, que va acompañado de principios sobre los contenidos, ha generado dudas por parte de sectores del oficialismo –específicamente del Frente Amplio- y también al interior de la oposición en la Cámara de Diputados. La diputada del Frente Amplio, Gael Yeomans, sostuvo en la mañana de este lunes en entrevista con T13 Radio que “este acuerdo al que se llega es para destrabar la votación y que bienvenido sea poder destrabar la discusión”.  Sin embargo,...

August 20, 2024
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20Aug

Implicaciones de la reforma pensional en la economía y en los colombianos

La reforma trae ventajas frente al sistema anterior, especialmente respecto a las desigualdades. No obstante, persiste el desafío respecto a su viabilidad financiera a largo plazo. Para aumentar la cobertura, se necesita una buena reforma laboral. Hace más de diez años el país reconoció la urgencia de reformar el sistema pensional. El modelo establecido por la ley 100 de 1993, que consiste en la competencia entre el régimen de prima media que maneja Colpensiones y el de Ahorro individual con...

August 20, 2024
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20Aug

Uruguay. Equiparar jubilaciones al salario mínimo tiene un costo de US$ 1.000 millones anuales, el doble del presupuesto del Ministerio del Interior

Convocados por la presidenta del Partido Nacional, Macarena Rubio, representantes de los partidos de la coalición de gobierno se reunieron este lunes para empezar a diseñar una estrategia conjunta contra el plebiscito de la seguridad social. La intención es crear un comando específico que se dedique a hacer campaña difundiendo las razones por las que su aprobación será negativa para la población. La iniciativa, que es impulsada por el PIT-CNT junto a organizaciones sociales y sectores del Frente Amplio, supone eliminar las AFAP, igualar las jubilaciones más bajas al salario mínimo...

August 20, 2024
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20Aug

US pension funds react to Republican probe of Climate Action 100+

Public pension funds in the US have pushed back against a Republican probe into the US members of Climate Action 100+, warning that climate engagement is consistent with their fiduciary responsibilities. At the end of July, Republican lawmakers on the House Judicial Committee sent a letter to more than 130 investor signatories – or recent ex-signatories – of CA100+, demanding information on actions they planned to take as part of the initiative, which Republicans call a “climate cartel”, as well...

August 20, 2024
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20Aug

China plans ‘bigger, stronger’ social security fund to aid ageing society

China will beef up its 2.88 trillion yuan ($406 billion) social security fund, making it "bigger and stronger" to help support its rapidly ageing population as the number of new births and younger workforce to support its seniors shrinks. The National Social Security Fund will "effectively" respond to population ageing and "improve the policy mechanism for the development of the elderly care industry," the fund's party secretary Ding Xuedong said in comments made in Communist Party newspaper, the Study Times...

August 20, 2024
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20Aug

Australian super fund titans back Prime Minister’s green manufacturing plan

Some of Australia’s super funds have for the first time backed Prime Minister Anthony Albanese’s plan to stimulate green manufacturing industries, saying it would unlock private capital to help cut emissions and reach climate targets, according to the Sydney Morning Herald. The Albanese government hopes to pass the Future Made in Australia bill, designed to stimulate domestic manufacturing and high-tech industry in a similar fashion to the U.S.’s Inflation Reduction Act, by the end of the year. The plan is...

August 20, 2024
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20Aug

Ghana. Government, CETAG reach agreement: strike resolution imminent

The Colleges of Education Teachers Association of Ghana (CETAG) has reached a tentative agreement with the government following successful negotiations on Monday (19 August). The meeting included representatives from MELRP, the Ministry of Education (MoE), the Fair Wages and Salaries Commission (FWSC), the Ministry of Finance (MoF), the Ghana Tertiary Education Commission (GTEC), the Principals of Colleges of Education (PRINCOF), and CETAG. During the talks, the government agreed to unfreeze CETAG members’ July salaries, provided the association calls off its two-month-long strike, which has disrupted...

August 20, 2024
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