April 2019

IMPACT OF DIGITALISATION OF FINANCIAL SERVICES ON PENSION SUPERVISORY PRACTICES: CASE STUDIES

By Nina Paklina As the proportion of retirement income provided by private pensions becomes increasingly important, the quality and effectiveness of their supervision becomes more and more crucial. The IOPS Working Paper Series, launched in August 2007, highlights a range of challenges to be met in the development of national pension supervisory systems. The papers review the nature and effectiveness of new and established pensions supervisory systems, providing examples, experiences and lessons learnt for the benefit of IOPS members...

Liability-Driven Investment: From Analogue to Digital, Pensions to Robo-Advice

By Dan Tammas-Hastings Understand the investment template that dominates the pension industry Liability-Driven Investment is the practitioner's guide to this increasingly popular investment template. Already the dominant framework for pension schemes in Europe and the UK, the LDI market is expected to grow significantly with the shift from Defined Benefit to Defined Contribution, and then into Digital Asset Management -- or Robo-Advice. With an aging population and significant under-saving globally, more and more finance professionals will need to know how to work...

Corporate Governance in Banking and Investor Protection: From Theory to Practice

By Belen Diaz Diaz, Samuel O Idowu, Philip Molyneux This book explores the status quo of corporate governance in banking and investor protection from both theoretical and practical perspectives. Bringing together original conclusions with a regional and international focus, it provides a timely and comprehensive overview of the effectiveness of corporate governance in the financial sector and an assessment of investor protection. It also includes a number of examples and case studies to illustrate the findings. The book compares corporate...

March 2019

Corporate Governance in Banking and Investor Protection: From Theory to Practice

By Belen Diaz Diaz, Samuel O Idowu, Philip Molyneux This book explores the status quo of corporate governance in banking and investor protection from both theoretical and practical perspectives. Bringing together original conclusions with a regional and international focus, it provides a timely and comprehensive overview of the effectiveness of corporate governance in the financial sector and an assessment of investor protection. It also includes a number of examples and case studies to illustrate the findings. The book compares corporate...

Global Pension Crisis: Unfunded Liabilities and How We Can Fill the Gap

By Richard A. Marin, Robert H. Frank A comprehensive look at the crisis of unfunded pension liabilities and what must be done to avoid the same problem in the future As the generational bubble of the Baby Boomers begins to retire, it is increasingly evident that governments, corporations, and individuals have failed to adequately prepare for the obligations and needs of this giant cohort. Retirees are outliving actuarial life expectancies, pension liabilities are skyrocketing, pension plans are underfunded, and medical costs...

Report on other information to be provided to prospective and current members: guidance and principles based on current practices

By EIOPA This report analyses certain national practices existing prior to the implementation of the Directive (EU) 2016/2341 of the European Parliament and of the Council of 14 December 2016 on the activities and supervision of institutions for occupational retirement provision (IORP II). It concerns disclosure documents to be given to prospective members and members in the pre-retirement and pay-out phase, as set out in Chapter III “Other information documents to be provided” within Title IV “Information to...

February 2019

Factores sociodemográficos asociados al ahorro a largo plazo: análisis mediante regresión logística

La propensión al ahorro a largo a plazo puede formar parte o no de la conducta de los individuos. Diferentes estudios en el ámbito de la economía conductual (behavioral economics) analizan los rasgos diferenciadores del comportamiento ante la jubilación, mientras que otros tratan de determinar desde un punto de vista cuantitativo la influencia determinados factores sociodemográficos individuales en la mayor o menor propensión al ahorro. En un momento como el actual, en el que la suficiencia de las pensiones...

January 2019

Discriminación laboral por razones de edad

Por Robert M. McCann Cuando oímos comentarios tales como: “en un bosque tienes que cortar los árboles grandes y viejos para que el árbol pequeño que hay debajo pueda crecer”, ¿estamos de acuerdo y pensamos que los mayores tienen la obligación de “dejar paso a la juventud” y apartarse para que la próxima generación de trabajadores pueda alcanzar el éxito? ¿O pensamos que los mayores tienen que continuar por el camino de una vejez productiva dentro y fuera del trabajo,...

October 2017

Transición pensional del Régimen General de pensiones en el ESD: Servidores Públicos

por Angela Janeth Rivera Silva Los fondos de pensiones que administran el Régimen De Prima Media con Prestación Definida, han visto en aumento el número de demandas en su contra por parte de los pensionados por ley 33 de 1985, quienes solicitan la Reliquidación de la Pensión con el IBL del último año de servicios y todos los factores salariales percibidos, con fundamento en la Sentencia del 4 de agosto de 2010 del Consejo de Estado , y la Circular...

Pensiones a la chilena

por Andrés Solimano Hasta hace poco el tema de las pensiones en Chile pertenecía al ámbito del pequeño grupo que define las políticas públicas en nuestro país, dominado por economistas y sujeto a la fuerte influencia del poderoso gremio de las AFP (Administradoras de Fondos de Pensiones). Sin embargo, desde 2016 el tema pasó de las elites a las masas y se tomó las calles. Consiguió generar un debate nacional y puso en agenda prioritaria el desafío de diseñar un...