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September 2021

US. New Bill Aims to Solve for the Retirement Plan Coverage Gap

Congressman Jim Himes, D-Connecticut, and Senator Mark Warner, D-Virginia, have introduced the Portable Retirement and Investment Account (PRIA) Act of 2021, designed to provide a retirement savings vehicle to Americans who don’t have access to one. Read also US. Stock Market Helps State Pension Debt Hit 10-Year Low, But Crisis Still Looms Large The legislation would establish a Portable Retirement and Investment Account (PRIA) Fund and a board responsible for establishing regulations for the fund. The bill says the board will...

Dutch pension funds can retain buffers in new DC system

Dutch pension funds that opt for the so-called flexible arrangement in the new pension system will be allowed to have buffers, according to a revised draft version of the new pension law that’s yet to be discussed in parliament. Under the original version of the law, only pension funds opting for the so-called “solidary pension arrangement” were allowed to retain buffers. This prompted a demand from several company pension funds that prefer the more individual “flexible pension arrangement” to also...

México. El Infonavit lanza alerta por fraudes; hacen retiros de créditos sin utilizar

A través de llamadas o anuncios en redes sociales, hay quienes ofrecen hacer retiros del crédito del Instituto del Fondo Nacional de la Vivienda para los Trabajadores (Infonavit) que no se ha usado; sin embargo, el director general del organismo federal, Carlos Martínez Velázquez, alertó a los derechohabientes de no caer en este fraude. “Es ilegal cualquier ofrecimiento sobre sacar tu dinero del Infonavit. Es un engaño, no lo hagan. La Ley del Infonavit es muy clara, es parte del...

Chile. Cuarto retiro 10% AFP: qué pasará ahora tras la votación y próximas noticias

Durante la tarde de este miércoles 22 de septiembre de discutió en la Comisión de Constitución de la Cámara de Diputados el proyecto sobre un Cuarto Retiro del 10% desde las AFP. Durante esta jornada los y las diputadas avanzaron en algunos items, pero no pudieron votar todas las indicaciones. Según comentó el presidente de la instancia legislativa, el diputado socialista Marcos Ilabaca, aún faltan nueve indicaciones por resolver en la comisión, las cuales se zanjarán en una nueva sesión...

When phased retirement could work out

Retirement doesn’t have to be a drastic cut from a full-time job to no job at all. You may still want to work, just not as much — especially if you aren’t financially ready to retire. The gradual reduction of hours known as “phased retirement” could be the answer, and it can be achieved either through an official policy at your employer or in a more informal fashion. In fact, 45% of U.S. workers envision reducing their work hours in a phased...

CDCs could be the new annuities, say regulators

Collective defined contribution schemes could become a popular alternative to annuities if their risks can be contained, according to the Pensions Regulator and Financial Conduct Authority. Speaking at a Work and Pensions Committee hearing this morning, David Fairs, executive director at The Pensions Regulator, said CDC schemes had many advantages over defined contribution schemes and in future could be rolled out to multiple employers and master trusts, hence become the new pension product of choice for many. CDCs are a half-way...

Nigeria: Challenging Times for PFAs

The Contributory Pension Scheme administered by the PFAs has since inception, 17 years ago, recorded some achievements as well as met obstacles. In this report, Ebere Nwoji takes a look at the performance of the scheme in the face of the down turn in Nigeria's economy. The Contributory Pension Scheme (CPS) regime in Nigeria was established by the Pension Reform Act 2004 amended in 2014, which put the Management of pension fund in the hands of private Organisations called Pension...

El Libro Blanco de la Inversión de Impacto

Por Icíar Carmen Jiménez Barandalla La inversión de impacto ofrece la posibilidad a los inversores de contribuir con sus recursos a la solución de los problemas de la sociedad y el medioambiente, sin tener que renunciar a la obtención de rentabilidad. Es, por tanto, una vía de participación que ofrecen los mercados financieros a aquellos inversores dispuestos a asumir su responsabilidad en la mejora de los conflictos sociales y medioambientales. Ello exige fijar unos objetivos en la gestión de las...

Chile. Gobierno firma ley corta de pensiones y ratifica eliminación o reducción de exenciones tributarias para financiarla

Ad portas de que se retome el debate del cuarto retiro en el Congreso, el gobierno firmó la ley corta de pensiones. El ejecutivo dijo que la iniciativa ingresará con discusión inmediata y confirmó el fin o la reducción de algunas exenciones tributarias para el financiamiento del proyecto. Además estimó que el costo será de US$1.100 millones en régimen, por debajo de lo proyectado hace algunos días. Leer también Pensiones en Chile: entre el cuarto retiro y la iniciativa de...

México. Afore Azteca se ampara contra tope de comisiones

La Administradora de fondos para el retiro (Afore) Azteca se amparó ante el tope de comisiones que deberá aplicar a partir del 2022 como parte de la reforma en pensiones que se aprobó el año pasado. Leer también México. Buscan limitar la deducción en ahorro para retiro… expertos lo cuestionan Bajo el expediente 4448/2021, la afore del empresario Ricardo Salinas Pliego solicitó este recurso, ante el Juzgado Primero de Distrito en materia especializada en competencia económica, radiodifusión y telecomunicaciones el pasado...