April 2019

02Apr

Ghana. FinTechs look to regulator to make Digital Pensions Market more attractive

The Chief Executive Officer (CEO) of IT Consortium Limited, Mr. Romeo Bugyei, has called for closer collaboration between government, regulatory bodies and FinTechs in Ghana to push informal pensions to citizens. He indicated that in order to achieve successful financial inclusion in the county, FinTechs must be supported to enable them efficiently deliver Digital Financial Services (DFS) to Ghanaians. He made this call at a stakeholder forum co-hosted by the Ghana Technology Chamber and the Ghana Chamber...

April 2, 2019
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02Apr

Older Workers: Countries’ Experiences with Phased Retirement

“Phased retirement” lets you work less than full-time before you fully retire. This can help keep skilled people working longer while easing pressure on national pensions (e.g. Social Security). The U.S. workforce is aging, but there are few formal phased retirement programs here. We looked at 4 other countries to potentially inform a U.S. strategy. We found program designs that could work under the unique institutional conditions here. For example, many of the programs were designed to work with...

April 2, 2019
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02Apr

Pakistan Introduces Crypto Regulation

The Pakistani government will now regulate local cryptocurrency firms under new legislation. Local news outlet The Express Tribune reported that the government of Pakistan will introduce Electronic Money Institutions (EMI) regulations based on the recommendations of the Financial Action Task Force (FATF). The FATF is an intergovernmental organization based in France that creates policies for combating money laundering and other threats to the integrity of the global financial system. It has reportedly been working on international regulations for cryptocurrencies....

April 2, 2019
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01Apr

Primera marcha “No+AFP” del año convoca miles de chilenos

Decenas de miles de personas se manifestaron este domingo en Chile para reclamar el fin del actual sistema de pensiones del país, basado en la capitalización individual, y pedir que se cambie por un modelo de reparto solidario financiado entre trabajadores, empleadores y el Estado. La marcha fue convocada por la Coordinadora "No+AFP" y en Santiago discurrió por el centro de la ciudad, entre la Plaza Italia y el cerro Santa Lucía, donde se realizó un acto acompañado de...

April 1, 2019
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01Apr

México inicia por vez primera seguridad social para unos 2,4 millones de empleados de servicio doméstico

Unos 2,4 millones de empleados de servicio doméstico contarán, por primera vez en México, con las prestaciones laborales conforme a la ley, que incluyen servicio médico y farmacéutico, así como ahorro para el retiro, y otras prestaciones como servicios gratuitos de guardería, anunciaron este domingo diversas autoridades mexicanas. Además de ello, este sector contará con un seguro de Riesgos de Trabajo; Invalidez y Vida; Retiro, Cesantía en Edad Avanzada y Vejez, explicó el director del Instituto Mexicano del Seguro...

April 1, 2019
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01Apr

Perú. BCRP sugiere cambiar años de aporte en ONP

Propuesta. Para Julio Velarde es un abuso que quienes aportan 12 o 15 años en el sistema previsional nacional no reciban pensión. Están a favor de una AFP pública. Para el presidente del Banco Central de Reserva del Perú, Julio Velarde, es injusto y hasta un abuso que quienes aportaron por 12 o 15 años a la ONP no reciban pensión, por lo que afirmó que el número de años de cotización en el sistema previsional nacional debería cambiarse....

April 1, 2019
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01Apr

UK. Accountant jailed after regulator uncovers pension scheme fraud

An accountant who fraudulently took over £290,000 from a pension scheme has been jailed for more than three years. Roger Bessent was trustee and administrator for the Focusplay Retirement Benefit Scheme – the pension scheme for the accountancy business he was a director of. Savers’ money was transferred into new business ventures that he, his family and a client attempted to run. Bessent also used the money to buy himself and his wife a house to rent out as...

April 1, 2019
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01Apr

Kenyan, U.S. pension fund managers mull infrastructure investment

Kenyan and U.S. pension fund managers are in Nairobi evaluating the investment potential and opportunities in infrastructure in the East African nation. The World Bank said the three-day meeting, which kicked off on Monday, will see the Kenya Pension Fund Investment Consortium (KEPFIC) host 30 representatives of major U.S. pension and asset management funds to discuss investment opportunities with KEPFIC and its membership of 12 Kenyan fund managers, which currently manage 200 billion shillings (2 billion U.S. dollars) in...

April 1, 2019
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March 2019

31Mar

Individual Attitudes Towards Immigration in Aging Populations

By Rana Comertpay, Andreas Irmen (University of Luxembourg), Anastasia Litina (University of Ioannina) This research empirically establishes the hypothesis that the process of population aging in a society as a whole affects the attitudes of its members towards immigration. Hence, an aging social environment exerts an effect on the attitudes of individuals towards immigration after accounting for their age and other individual characteristics. We test this hypothesis in a multilevel analysis of individuals living in 25 European OECD countries over...

March 31, 2019
Aging, Articles, Labor Market,
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31Mar

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 31, 2019
Books, Books, Investing,
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