August 2021
25Aug

Why The Decline In Life Expectancy Shouldn’t Affect Your Retirement Plans

By Bob Carlson Average life expectancy in the U.S. declined by 1.5 years in 2020, according to a recent report from the Centers for Disease Control and Prevention. That is believed to be the largest one-year decline in life expectancy since at least World War II. Life expectancy was 77.3 years in 2020, about the same level as in 2003. Life expectancy should be a major factor in retirement planning. I often recommend that one of the first steps in developing a...

August 25, 2021
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23Aug

Perú. Radiografía de una mala política pública, por David Tuesta

Por David Tuesta “Cuando los sesgos humanos y el oportunismo político se encuentran, las cosas solo pueden salir mal. Las políticas de retiros anticipados de los fondos de pensiones han dejado un futuro incierto que muchos se niegan a ver. Hoy más que nunca se requieren políticos responsables que reconstruyan las bases previsionales”, indica el presidente del Consejo Privado de Competitividad. Leer también Perú. Comisión de Economía busca retomar proyectos sobre ONP y AFP que quedaron del Congreso anterior Fue Keynes quien...

August 23, 2021
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23Aug

US. Why Is Gen Z Saving More for Retirement Than Their Parents?

By Ben Geier, CEPF A 2021 survey from TransAmerica says that the youngest generation of American adults is getting a jumpstart on retirement by saving a lot earlier than older generations. Financial experts will point out that this is in part due to the decline of pensions and the rise of defined contribution plans like 401(k)s, which allow employees to invest part of their paycheck into a tax-advantaged retirement account. In fact, Gen Z could be the first generation to...

August 23, 2021
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19Aug

Un balance parcial del impacto de la pandemia en el empleo en México

Por Rodrigo García Verdú Comparada con la recesión de 2008-09, la recesión provocada por la pandemia del COVID-19 ha tenido un mayor impacto en México en cuanto a pérdida de empleo se refiere. Si bien la discusión pública se ha centrado en la rápida recuperación del empleo formal privado a partir de mediados de 2020, el impacto de la pandemia ha sido mayor en el empleo informal, particularmente en el empleo subordinado con percepciones no salariales y en el empleo...

August 19, 2021
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June 2021
11Jun

US. Public pensions lose on hedge funds — again

By Brett Arends One of these days I’m going to write about a bunch of retirees and future retirees who have just made a ton of extra money thanks to the financial brilliance of elite, exclusive, high-fee hedge funds. Today, however, is not that day. Instead, here comes more news about a public pension fund allegedly missing out on billions of dollars because of hedge funds and other high-fee funds. And the news that retirement systems and other institutional investors continue to pour...

June 11, 2021
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May 2021
14May

España. Escrivá eleva la edad para la jubilación forzosa a los 68 años y cede con los convenios ya aprobados

Por Beatriz Torija Esperemos que los cuchillos no vuelen en la mesa del diálogo social en la que Gobierno, patronal y sindicatos están negociando la reforma de las pensiones. Lo que sí es seguro es que están encontrando alguna piedra en el camino que dificulta la negociación. Y una de ellas ha sido, sin duda, la jubilación forzosa. El Gobierno pretendía eliminarla, pero tanto sindicatos como, especialmente la CEOE, se oponen. Pero el asunto es prioritario y, de hecho, en el...

May 14, 2021
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03May

Ireland. A decent pension system isn’t something we can keep putting off

By John Mercer Ireland is entering a pivotal phase of transformational pensions change that should have a positive impact on individual retirement savers. The good news is that many of the necessary foundations for change are already in place - all that remains is a commitment to prioritising the rollout. The first development has now arrived with the long overdue implementation last week of the EU’s IORP II Directive. This slightly indigestible-sounding piece of legislation will govern the private retirement savings and...

May 3, 2021
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April 2021
05Apr

New GPIF Board Head Says Fund Isn’t Distorting Japan Stocks

By Chikafumi Hodo, Emi Urabe Japan’s Government Pension Investment Fund, the world’s largest pension pot, considers the impact of its investments on markets and isn’t distorting the country’s stocks, said Hirohide Yamaguchi, the newly appointed chairman of the fund’s board of governors. Yamaguchi, a former deputy governor of the Bank of Japan, said also that it was important to look at the fund’s long-term returns, rather than focusing on the short-term. He spoke in Tokyo at his first press conference since...

April 5, 2021
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01Apr

Europe’s New ESG Rules Create an Opportunity for US Investors

By Hari Bhambra American asset managers with little connection to Europe might dismiss the European Union (EU)’s new sustainable finance regulations as irrelevant to their business. They would be mistaken to do so, however. The regulations will have a tremendous impact on asset managers and firms operating outside the bloc. The EU might be the first to move on sustainable finance regulations, but its objectives are a harbinger of things to come around the globe. To stay competitive in today’s borderless financial...

April 1, 2021
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March 2021
17Mar

What Is The Pension Provision In The Stimulus Package? An Explainer

By Teresa Ghilarducci Included in the $1.9 trillion stimulus bill signed by President Biden on Thursday is an $86 billion aid package for participants of about 185 to over 300 employer-union pension plans. If aid had not been available more than a million retired retail clerks, candy makers, truck drivers, construction workers and others would have faced severe cuts in their pensions. These plans are part of a larger system of about 1500 multiemployer pension plans covering about 10 million workers. These plans...

March 17, 2021
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