March 2019

31Mar

Robo-Advisors: Investing Through Machines

By Facundo Abraham (World Bank), Sergio L. Schmukler (World Bank - Development Research Group (DECRG)), José Tessada (Business School, Pontificia Universidad Católica) Investing through online automated platforms, known as robo-advisors, is increasingly popular. Robo-advisors expand access to wealth management services by making it easier and less costly to open investments accounts and receive financial advice, as well as plan and automate investment decisions. However, the rise of robo-advisors requires consumers to understand the limitations of these services and to get...

March 31, 2019
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29Mar

México. El rendimiento histórico del sistema, desde 1997 al término de febrero pasado, fue de 11.02 por ciento de forma nominal y 5.13 por ciento real.

Al cierre de febrero de 2019, el rendimiento nominal del Sistema de Ahorro para el Retiro (SAR) fue de 3.7 por ciento y de 0.3 por ciento en términos reales, como reflejo de la alta volatilidad de los mercados, informó la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). De esta manera, el rendimiento histórico del sistema, desde 1997 al término de febrero pasado, fue de 11.02 por ciento de forma nominal y 5.13 por ciento real,...

March 29, 2019
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29Mar

Perú. AFP: Aportes voluntarios se incrementaron 366% desde que se liberaron los fondos de pensiones

Los aportes voluntarios que realizan los afiliados al Sistema Privado de Pensiones (SPP ) crecieron en 243% en los últimos 33 meses, periodo en el que está vigente el retiro del 95.5% de los fondos, de acuerdo con información de la SBS. De esta manera, la cartera administrada por aportes voluntarios pasó de S/ 603 millones a S/ 2,068.7 millones. Si se observa por tipo de aporte, el que más ha crecido es el de Aportes Voluntarios Sin Fin...

March 29, 2019
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29Mar

Nigeria. PenCom launches Micro Pension Plan and invests N6.5tr in securities as Buhari promises retirees better deal

•Contributory scheme hits N8.74 trillion in January Acting Director General of the National Pension Commission (PenCom), Aisha Dahir-Umar, has said N6.51 trillion, representing 73 per cent of the agency’s total assets, has been invested in Federal Government securities issued to finance various projects.Of the sum, N95.3 billion went for infrastructure while N7.19 billion was committed to the N10.67 billion Green Bond of the government. Speaking at the launch of the Micro Pension Plan (MPP) yesterday in Abuja, she...

March 29, 2019
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29Mar

Is Pension Reform on the Ballot in Argentina’s Election?

With the fastest-aging populations in the world, Latin American countries are under the gun to overhaul pension systems. Argentina is no different. President Mauricio Macri passed a reform in December 2017, which was met with protests, along with a number of legal hurdles that have kept the legislation from bearing fruit. The latest came on March 26, 2019, when Argentina’s Supreme Court ruled it was unconstitutional to tax pensioners. The administration has been mute on the issue, avoiding an...

March 29, 2019
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29Mar

Why ageing China won’t overtake the US economy as the world’s biggest – now or in the future

In 2010, China replaced Japan as the world's second-largest economy. Many economists believe it is just a matter of time before China dethrones the United States as the world’s biggest economy – some have argued that it could happen before 2030. They have cited the history of other Asian economies as evidence to back the claim. The nominal per capita gross domestic product of China was just a sixth of America’s in 2018 – a level similar to...

March 29, 2019
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29Mar

Lessons From the UK’s Retirement Plan Auto Enrollment Requirement

The United Kingdom has recently completed a nationwide phased rollout of a requirement that employers automatically enroll employees into a retirement plan, with the ability to opt out, and researchers from the Center for Retirement Research at Boston College say the results provide lessons for the United States. Following the UK’s initiative, participation rates have jumped to around 90% at medium and large employers (those with 58 or more workers), 74% at employers with 50 to 57 employees, 67%...

March 29, 2019
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28Mar

España. Una reforma para hacer sostenibles las pensiones que no puede esperar

Los últimos y preocupantes datos sobre el gasto que España destina a pensiones revela que la cuantía media mensual de las nuevas prestaciones de jubilación a 1 de marzo ha aumentado un 11% respecto al mismo mes del año anterior. Aunque buena parte de ese incremento se explica por una circuntancia coyuntural, la jubilación anticipada y anómala de un colectivo de 3.000 policías municipales, ese repunte se une a las últimas subidas adoptadas desde el pasado mes de agosto,...

March 28, 2019
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28Mar

Brasil. Ministro Guedes insta a aprobar reforma de pensiones en Brasil

El ministro de Economía brasileño, Paulo Guedes, advirtió hoy en audiencia en la Comisión de Asuntos Económicos del Senado que la "bola" de la reforma de pensiones "está con el Congreso", y que si no es aprobada "condenaremos a nuestros hijos y nietos". La declaración de Guedes está en línea con lo dicho el pasado fin de semana por el presidente Jair Bolsonaro, quien afirmó que la responsabilidad por la reforma ha pasado a ser del Congreso tras la...

March 28, 2019
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