December 2019

16Dec

Trabajar pasados los 70: el drama de los jubilados chilenos

Carmen Aránguiz tiene 71 años y está buscando trabajo. Aunque se jubiló en 2010, su pensión es tan baja que sigue alternando labores esporádicas para aumentar sus ingresos. Como ella, miles de pensionados chilenos viven una vejez lejos de la soñada, fruto de un sistema previsional muy criticado. El mes pasado, la pensión promedia pagada por las Administradoras de Fondos de Pensiones (AFP), las empresas privadas que gestionan las pensiones de los chilenos, fue de 221 dólares para las...

December 16, 2019
Noticias, ,
Read more...
16Dec

UK. Top civil servants given ‘lavish’ £1m pensions

The UK’s permanent secretaries, 23 individuals who head up UK government departments, had an average defined benefit pension worth £1.1m in 2018/19, according to research from the TaxPayers' Alliance. The figures, released by the think tank today (December 16), showed the average pension upon retirement of these officials will be £57,717 per annum - 94 per cent more than the average gross UK salary in 2018 (£29,817). The data was taken from the 2018/19 annual reports of UK government...

December 16, 2019
News, Slider, ,
Read more...
16Dec

French business activity stable in Dec despite pension strike – PMI

French business grew at a steady pace in December despite a nationwide strike against pension reform, although activity in the manufacturing sector came unexpectedly close to stagnating, a survey showed on Monday. Data compiler IHS Markit said that its preliminary monthly purchasing managers index fell marginally to 52.0 from 52.1 in November, in line with economists' expectations in a Reuters poll. Though a three-month low, the result was comfortably above the 50-point level demarcating expansions in activity from contractions....

December 16, 2019
News, Slider, ,
Read more...
16Dec

The aging workforce: Older workers are growing in number. And that offers opportunities.

For more than a decade, labor academics and human resource executives have been preparing for the "next" generation — from the millennials, now the largest working population, to the newest members of the workforce, Generation Z. But older Americans are increasingly working later into life. While roughly 10,000 baby boomers a day will reach retirement age between 2011 and 2029, only about 5,900 a day are retiring. Fred Hubacker, 75, continues to work a full schedule as executive director...

December 16, 2019
News, Slider,
Read more...
16Dec

Perceived Precautionary Savings Motives: Evidence from FinTech

By Francesco D'Acunto (Boston College), Thomas Rauter (University of Chicago - Booth School of Business), Christoph Scheuch (Vienna Graduate School of Finance; Vienna University of Economics and Business), Michael Weber (University of Chicago - Finance) We study the consumption response to the provision of credit lines to individuals that previously did not have access to credit combined with the possibility to elicit directly a large set of preferences, beliefs, and motives. As expected, users react to the availability of credit...

December 16, 2019
Articles, Investing, Savings, ,
Read more...
16Dec

The Old-Age Security Motive for Fertility: Evidence from the Extension of Social Pensions in Namibia

By Pauline Rossi (University of Amsterdam), Mathilde Godard (GATE-LSE, Lyon) The old-age security motive for fertility postulates that people's needs for old-age support raise the demand for children. We test this widespread idea using the extension of social pensions in Namibia during the nineties. The reform eliminated inequalities in pension coverage and benefit across regions and ethnic groups. Combining differences in pre-reform pensions and differences in exposure across cohorts, we show that pensions substantially reduce fertility, especially in late...

December 16, 2019
Aging, Articles, Labor Market, , ,
Read more...
16Dec

Ethics, ESG, and ERISA: Ethical-Factor Investing of Savings and Retirement Benefit

By Albert Feuer (Law Offices of Albert Feuer) Ethical-factor investing is investment decision-making that takes into account ethical factors. It includes faith-based investing, Environmental, Social or Governance (ESG) investing, and sustainable investing. It is becoming more and more widespread. This has occurred despite a lack of widely accepted definitions, performance metrics, or ethical preferences. There is increasing broad agreement that some ethical factors highlight business risks and opportunities in a predictable fashion, such as the effects of climate change, human...

December 16, 2019
Articles, Pension design, Pension Management, , , , ,
Read more...
12Dec

¿Qué cambiará en el sistema de pensiones en Francia?

El gobierno francés presentó el miércoles los detalles de su plan de reforma del sistema de pensiones, que ha desencadenado una huelga en los transportes públicos que paraliza el país desde hace siete días y sacó a las calles a cientos de miles de personas. El presidente, Emmanuel Macron, quiere reemplazar las docenas de sistemas de pensiones por un sistema universal, que requeriría a muchos trabajadores, particularmente en el sector público, trabajar más años. He aquí un vistazo...

December 12, 2019
Noticias, ,
Read more...
12Dec

Puerto Rico. Gobierno revela su nuevo plan de retiro

El director ejecutivo de la Autoridad de Asesoría Financiera y Agencia Fiscal de Puerto Rico (AAFAF), Omar Marrero, anunció junto con el director ejecutivo de la Junta de Retiro, Luis M. Collazo, la primera fase del nuevo sistema de retiro que incluirá de 105,000 a 110,000 empleados públicos. En conferencia de prensa, Marrero indicó que los empleados están más cerca de ver sus inversiones, el dinero estará segregado y “el Gobierno no lo puede tocar”. Por su parte, Collazo...

December 12, 2019
Noticias, , ,
Read more...
12Dec

España. Los mejores fondos para invertir en renta fija en 2020

En un contexto de bajos rendimientos de la deuda pública, el 2020 se presenta como otro año difícil en los mercados de renta fija, que previsiblemente estará marcado por la política de los bancos centrales. En este entorno, son dos los tipos de estrategias más recomendadas en la encuesta que anualmente Funds People realiza entre los máximos responsables de las gestoras internacionales con oficina de representación en España, sondeo que este año celebra su octava edición. Por un lado,...

December 12, 2019
Noticias, ,
Read more...