February 2021
11Feb

India. Will WhatsApp Thrive In Micro-Pension Space, A Road Not Taken By Indian Fintech?

WhatsApp is on its way to rolling out micro-pension products for the Indian masses In spite of a robust fintech ecosystem, no startup has attempted to cater to an underserved Indian market WhatsApp could be facing tough challenges as the low-income population lacks financial awareness and the habit of saving When messaging giant WhatsApp announced its foray into micro-pension products in December 2020, it turned out to be a first-of-its-kind initiative in the Indian fintech space. This is surprising,...

February 11, 2021
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11Feb

Ireland. State pension liabilities rising 10% a year, CSO study finds

State pension liabilities are rising at a rate of 10 per cent a year, according to the latest study of Ireland’s pensions, which says pension schemes across the State have total liabilities of €607.9 billion. The study published by the Central Statistics Office (CSO) on Wednesday examines how much Irish households were owed by private employers and government at the end of 2018 based on the pension benefits they had accumulated by that date. The State pension accounts for almost 60...

February 11, 2021
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11Feb

Puerto Rico Board Strikes Tentative Debt Deal With Creditors

Puerto Rico’s financial oversight board reached a tentative agreement with investors on how to reduce $18 billion of bond debt and is seeking additional time to file a formal adjustment plan to the court. The board Wednesday asked a court overseeing Puerto Rico’s record bankruptcy to give the panel and creditors more time to finalize an accord, according to a court document. The board is seeking to file a debt restructuring plan by March 8. It had a Feb. 10...

February 11, 2021
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10Feb

México. Retiros parciales por desempleo se tramitarán por Afore Móvil: Consar

Abraham Vela Dib, titular de la Comisión Nacional del Sistema del Ahorro para el Retiro (Consar), mencionó en su cuenta de twitter que a partir de junio del 2021 los interesados en retirar dinero de cuenta afore lo podrán realizar mediante Afore Móvil. Sin embargo, aclaró, que sólo aquellos que cuenten con su expediente biométrico serán beneficiarios del programa e insta a las personas que aún no lo tengan a actualizar sus datos. “Estimados cuentahabientes del SAR, me es grato informarles...

February 10, 2021
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10Feb

Chile. AFP apuestan por inversiones verdes y activos alternativos en la búsqueda de mejores retornos

La crisis económica generada por la pandemia no sólo ha afectado la capacidad de ahorrar para la pensión, -producto de la pérdida de empleos-, sino que también ha traído incertidumbre en los mercados financieros, factor que ha reconfigurado el escenario de inversión para los fondos de pensiones. Bajo este contexto, cinco Administradoras de Fondos de Pensiones (AFP) entregan su visión respecto a los desafíos y apuestas que identifican para este año. Desde AFP Capital, el gerente de inversiones, Francisco Guzmán, detalla que ve dos tendencias. Una...

February 10, 2021
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10Feb

FMI: Retiro de fondos de pensiones en Latinoamérica es “contraproducente”

El Fondo Monetario Internacional (FMI) calificó al retiro de aportes de pensiones en Chile y Perú, ante la pandemia de COVID-19, como una medida contraproducente. "Creo que seguir socavando los sistemas al permitir retiros significativos en realidad profundiza los problemas de los sistemas en el mediano plazo porque entonces las tasas de reemplazo van a ser más bajas", dijo Alejandro Werner, director para las Américas del FMI. Sin embargo, que admitió que en el caso de Chile, este retiro fue de...

February 10, 2021
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10Feb

China. Green finance gets newfound incentivization

China will make it easier for international investors to access the country's green finance market by promoting the harmonization of domestic and global green standards as part of its efforts to achieve net-zero emissions by 2060, central bank officials said on Tuesday. Read also Asia needs pension reforms for sustainable growth The green finance industry in China needs to learn from the asset management experiences of foreign investors, such as multinational pension funds and insurance companies. Large capital injections are also...

February 10, 2021
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10Feb

Dutch pensions federation wants auto-enrolment for self-employed

The new pensions law proposed by the Dutch government provides insufficient room for pension funds to cater for self-employed workers, the Dutch branch organisation of pension funds, Pensioenfederatie, has warned. It has called for a “significant change” to the draft legislation, including the option of auto-enrolment. Read also Investigation: Dutch, Japanese pension funds pay for Amazon deforestation Several large sector funds have voiced their interest to start trials offering pensions to self-employed workers under the new pension law which will pave...

February 10, 2021
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10Feb

UK. Over half of cryptocurrency investors do not have a pension

Less than half (47 per cent) of cryptocurrency holders in the UK have a pension, whilst nearly a quarter (23 per cent) do not have any traditional savings or investments, research from AJ Bell has found. The survey also found that 58 per cent of crypto investors don’t have an ISA, a further 50 per cent don't have a savings account, and 83 per cent don't have an investment portfolio. The findings have prompted concerns that a generation of savers are...

February 10, 2021
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09Feb

2020 Global Equity Release Roundtable Survey

By EY In conjunction with the 2020 Global Equity Release Roundtable, representatives from each country attending have been surveyed to understand the details of how equity release markets operate in different countries. This document summarizes the survey responses received. The responses provided have not been verified by EY professionals and simply represents the views of the responders. The information in this pack should not be regarded as comprehensive or sufficient for making decisions, nor should it be used in...

February 9, 2021
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