January 2019

México. Publica PENSIONISSSTE las comisiones que cobrará durante 2019

El PENSIONISSSTE publicó las comisiones que cobrará a los trabajadores a los que administre los fondos de su Cuenta Individual que se encuentren invertidos en las sociedades de inversión... El PENSIONISSSTE publicó las comisiones que cobrará a los trabajadores a los que administre los fondos de su Cuenta Individual que se encuentren invertidos en las sociedades de inversión especializadas de fondos para el retiro básicas a partir del 1º de enero y hasta el 31 de diciembre de...

France. Can weakened Macron push through reforms in 2019?

This time last year French president Emmanual Macron was riding high. By July the ride was over. After a hellish few months, there are doubts that he will be now be able to push through his proposed reforms for 2019. Macron's big thing was his determination not to back down in the face of opposition - until he did. His decision to find 10 billion euros to try to placate the Yellow Vests might not have neutered them and...

Pensions Among the Victims of Stocks’ Worst Year Since 2008

The average U.S. corporate pension plan lost 4.7 percent last year after stocks tanked in the fourth quarter, according to Willis Towers Watson. Steep year-end declines in U.S. stocks left America’s largest public companies deeper in the hole for their pension obligations, according to analysis by consulting firm Willis Towers Watson. Pension funding levels for Fortune 1000 companies dipped to an estimated 84 percent after a volatile fourth quarter culminated in sharp losses in December. The Standard & Poor's...

US. Lawsuit filed claims Transamerica Corporation is misusing retirement funds

A lawsuit between Transamerica Corporation and Sanford Heisler Sharp, LLP filed on December 28, alleges the company violated its duties under ERISA and abused employees' trust by mismanaging their retirement funds. The lawsuit claims the company invested employee retirement savings into funds that consistently underperform in their investment benchmarks and similar funds. Documents allege Transamerica has cost its employees millions of dollars in retirement savings that were a part of the Transamerica 401(k) Plan. Plaintiffs Jeremy Karg, Matthew R....

Asociación Mexicana de Afores inicia este año sin presidente

La Asociación Mexicana de Administradoras de Fondos para el Retiro (Amafore) inició 2019 sin presidente, luego de que Carlos Noriega Curtis dejara el cargo para incorporarse al equipo del presidente Andrés Manuel López Obrador (AMLO). A inicios de diciembre pasado, el organismo que agrupa a las 10 Afores que operan en el país, dio a conocer que se encontraba en proceso de análisis del perfil del candidato o la candidata para ocupar su presidencia ejecutiva, sin que hasta ahora...

Solo el 6,1 por ciento de trabajadores independientes cotizó para su pensión

Es la cifra más baja desde 2012, indicaron desde la Superintendencia de Pensiones. "Es urgente que coticen los independientes", dijo Fernando Larraín, gerente general de las AFP. Solamente un 6,1 por ciento de los trabajadores independientes había cotizado para su pensión en septiembre pasado, de acuerdo a cifras entregadas por la Superintendencia de Pensiones y el Instituto Nacional de Estadísticas (INE). Según publicó El Mercurio, esta cifra corresponde al porcentaje acumulado de cotizantes independientes que ahorró para su futura...

New Survey Finds Americans’ Spending Habits Are Ruining Their Retirement

Americans Spend More Than $5,000 a Year on Non-Necessities The survey asked respondents how much they spent annually on the following six categories: Eating out and food deliveryCoffeeAlcoholRide-sharing services and taxisClothing and accessoriesEvents (e.g. concerts, sports) On average, respondents spent $5,339 annually on all of those expenditures combined. The biggest source of nonessential spending is eating out, takeout and food delivery. Respondents said they spent an average of $2,167 a year on food that they didn’t prepare at home....

‘We have to adapt where we can’ – the struggles of coping with an ageing population

With a 31pc increase in people aged over 65 in 15 years, organisations and individuals are working hard to handle what many see as a crisis - the ageing population. Norfolk County Council spends on average £1m a day on adult social care in Norfolk, with around 14,000 people using its services day to day. More still are looked after by family and friends. The county has an older population than most in the UK, which is predicted to...

Canada Pension Plan Investment Board begins managing additional CPP contribution amounts affecting millions of future beneficiaries

Starting this week, (CPPIB) will receive and invest additional Canada Pension Plan (CPP) contribution amounts, helping to safeguard increased retirement income for current CPP contributors and future generations. Federal and provincial governments decided in 2016 to expand the CPP to provide enhanced future benefits for workers who contribute, creating a stronger foundation for retirement. As the investment manager of the CPP Fund, CPPIB is responsible for prudently investing the additional contribution amounts arising from the enhancement to the CPP....