April 2019

08Apr

Canada’s CDPQ to Buy Petrobras Pipe Unit for $8.6 Billion

Petroleo Brasileiro SA agreed to sell its 90 percent stake in a natural gas pipeline unit to France’s Engie SA and Canadian pension fund Caisse de Depot et Placement du Quebec for $8.6 billion. Engie and the Caisse prevailed after multiple rounds of bidding for the unit, known as TAG, beating out Macquarie Group Ltd. and a joint bid from EIG Global Energy Partners and Mubadala Development Co. It is the biggest-ever single asset sale for Petrobras, whose new...

April 8, 2019
News, Slider,
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08Apr

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...

April 8, 2019
Books, Books, Investing,
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08Apr

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...

April 8, 2019
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08Apr

Demographic Challenges for Management: Fad or Reality?

By Eleanna Galanaki (Athens University of Economics and Business), Emma Parry (Cranfield School of Management), Ilona Bučiūnienė (ISM University of Management and Economics), Leda Panayotopoulou (Athens University of Economics and Business) Theory and practice in Human Resource Management (HRM) generally focuses on two levels of analysis: the individual and the organization. However, there is a growing recognition that HRM is manifested within larger environmental settings and several HRM researchers have approached the field with a more macro perspective. For example,...

April 8, 2019
Aging, Articles,
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08Apr

ESG Investing: From Sin Stocks to Smart Beta

By Fabio Alessandrini (University of Lausanne; Banque Cantonale Vaudoise) & Eric Jondeau (University of Lausanne - Faculty of Business and Economics (HEC Lausanne); Swiss Finance Institute) Research on socially responsible investment in equity markets initially focused on sin stocks. Since then, the availability of data has been extended substantially and now covers environmental, social, and governance (ESG) criteria. Using ESG scores of firms belonging to the MSCI World universe, we measure the impact of score-based exclusion on both passive investment...

April 8, 2019
Articles, Investing, System Sustainability,
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07Apr

Lump-sum Pension Payments: Who Are the Winners and Losers?

By Olivia Mitchel The U.S. Treasury department’s move last month to allow private companies to pay lump-sum pension payments to retirees and beneficiaries, instead of monthly payments, is good news for companies that do not want to be saddled with long-term pension obligations – particularly for private sector employers who have underfunded pension plans.However, lump-sum pension payments may not work out well for retirees who opt for them. While a debate has ensued on the merits and risks of lump-sum...

April 7, 2019
Articles, Pension design, Pension Management, Savings, ,
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05Apr

México. Diputados aplazan discusión de reformas a Sistema de Ahorro para el Retiro

La Cámara de Diputados aplazó la discusión en el pleno de reformas a la Ley del Sistema de Ahorro para el Retiro (SAR) que se tenía previsto para este día, ante la petición de las diferentes bancadas. La iniciativa del Ejecutivo federal fue cuestionada por las fracciones de los partidos Revolucionario Institucional (PRI) y de Trabajo (PT), por considerar que afectaría los ahorros de los trabajadores. El coordinador de los diputados de Morena, Mario Delgado Carrillo, rechazó que el...

April 5, 2019
Noticias,
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05Apr

China reducirá contribución de empresas al seguro básico de pensiones de empleados desde 1 de mayo

China reducirá la proporción que asumen los empleadores del seguro básico de pensiones de los empleados urbanos al 16 por ciento a partir del 1 de mayo, según el Consejo de Estado, el gabinete chino. El gobierno también bajará de manera gradual las contribuciones de las empresas a los seguros de desempleo y de compensación por lesiones laborales, de acuerdo con un plan publicado por el Consejo de Estado. La proporción de fondos para el seguro básico de...

April 5, 2019
Noticias,
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05Apr

Perú. Para atraer a jóvenes, fondos de pensiones apalancarían compra de casa o emprendimientos

El nuevo perfil que tendrían los fondos de pensiones, muy atractivo para las personas que comienzan su vida laboral, lo dio a conocer el Superintendente Financiero, Jorge Castaño Gutiérrez, durante la apertura del 12 congreso de la Federación Internacional de Administradores de Fondos de Pensiones (Fiap) y la Asociación Colombiana de Administradores de Fondos de Pensiones y Cesantías (Asofondos), que comenzó este viernes en Cartagena. De acuerdo con Castaño Gutiérrez, la discusión se está dando en las mesas que...

April 5, 2019
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05Apr

Saltan chispas entre el ministro de Economía y diputados de Brasil

El ministro de Economía de Brasil, Paulo Guedes, chocó contra parlamentarios por una propuesta de reforma de las pensiones durante un período crucial para el Gobierno en el que intenta lograr el apoyo del Congreso al proyecto de ley. Un grupo organizado de diputados de la oposición ocupó la primera fila de asientos frente a Guedes en el Comité de Constitución y Justicia de la Cámara Baja el miércoles, en ocasiones interrumpiendo a voces su testimonio y provocando respuestas...

April 5, 2019
Noticias,
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