March 2022

UK. Govt’s dashboard proposals cause widespread industry concerns

The Pensions and Lifetime Savings Association has recommended three thresholds that must be met before pensions dashboards are launched to the public, but there is widespread industry concern around liability for incorrect or misinterpreted information, and significant doubts whether its launch is achievable by the government’s preferred dates. The Department for Work and Pensions launched a consultation into its draft dashboards regulations in January that set out detailed data presentation and communication requirements, and that reaffirmed the government’s commitment to...

Colombia. Ahorro pensional, otro de los afectados por la invasión de Rusia a Ucrania

Colombia. Ahorro pensional, otro de los afectados por la invasión de Rusia a Ucrania

La invasión de Rusia a Ucrania está impactando los mercados a nivel mundial. Día a día vemos que las bolsas de diferentes países caen, que los precios internacionales del petróleo o activos refugio como el oro suben y que el dólar se cotiza a la baja en Colombia. Leer también Colombia. Gustavo Petro reveló qué pasará con Colpensiones si llega a la Presidencia Estas tensiones también se ven reflejadas en los rendimientos de los fondos de pensiones que están cayendo. De...

US. Putin, Russian Pals “Mystery” Partners in Public Pension Deals?

America’s state and local government pensions invest as much as 40 percent of their assets in secretive, offshore “alternative” hedge, private equity, real estate and venture funds which warn that certain unidentified “mystery investors” pay lower fees, are provided greater information about investment strategies and portfolio holdings, have been granted liquidity preferences and receive superior net performance—all at the expense of America’s public sector workers. Read also US. Corporate pension buyouts record second-highest year in volume How many wealthy Russians are...

Chile. Gabriel Boric, presidente: el Chile que recibe el nuevo mandatario y 5 retos que enfrentará en sus primeros meses de gobierno

Chile. Gabriel Boric, presidente: el Chile que recibe el nuevo mandatario y 5 retos que enfrentará en sus primeros meses de gobierno

Gabriel Boric se convierte este viernes en el presidente más joven de la historia de Chile. Con 36 años, el ex líder estudiantil llega a La Moneda de la mano de una nueva generación que destrona a los dos grandes bloques de centro-izquierda y centro-derecha que gobernaron el país desde el retorno de la democracia, en 1990. Y su gobierno genera altas expectativas. El nuevo mandatario, que obtuvo un triunfo histórico en diciembre, asume con una ambiciosa agenda de cambios —con reformas...

UK. Pension schemes still playing ‘catch-up’ on ESG despite increased awareness

Just 10 per cent of pension schemes have a standalone policy on environmental, social and governance (ESG) issues, research from Mercer has revealed, prompting concerns that pension schemes are playing 'catch-up' on improving ESG outcomes. The analysis, which utilised data from Mercer’s Responsible Investment Total Evaluation (Rite) analysis of more than 650 UK occupational pension schemes, also revealed that only 6 per cent of schemes have a standalone policy related specifically to climate change. And whilst stewardship was carried out for...

Does ‘Impact Investment’ Perform Better Than Evil Investments?

Money is a completely made-up, invented resource. In the modern era, we literally create money out of thin air—and increasingly, it doesn’t even require any sort of physical presence. Vast fortunes are represented by ones and zeroes on humming servers, and even the values of currencies bob and weave according to strange algorithms few people truly understand. Our relationship with money is also strange. Some of the least important folks in our society get paid the most, while those who...

The Early Impacts of the Coronavirus Pandemic on Americans’ Economic Security

The Early Impacts of the Coronavirus Pandemic on Americans’ Economic Security

By Marco Angrisani, Jeremy Burke & Arie Kapteyn The COVID-19 pandemic has had enormous effects on the U.S. economy and may have had serious negative repercussions for many Americans’ financial stability. We use longitudinal survey data from a nationally representative internet panel, the Understanding America Study, to examine the early impacts of the pandemic and policy responses to it, on Americans’ financial stability, financial well-being, and financial behavior (as of May 2020). We find that rather than experiencing large declines, Americans’...

Exponential Growth Bias and the Law: Why Do We Save Too Little, Borrow Too Much, and Fail to React on Time to Deadly Pandemics and Climate Change?

Exponential Growth Bias and the Law: Why Do We Save Too Little, Borrow Too Much, and Fail to React on Time to Deadly Pandemics and Climate Change?

By Doron Teichman & Eyal Zamir Many human decisions, ranging from the taking of loans with compound interest to fighting deadly pandemics, involve phenomena that entail exponential growth. Yet a wide and robust body of empirical studies demonstrates that people systematically underestimate exponential growth. This phenomenon, dubbed the exponential growth bias (EGB), has been documented in numerous contexts, across different populations, using both experimental and observational methods. Despite its centrality to human decision making, legal scholarship has thus far failed to...

The Current State of U.S. Workplace Retirement Plan Coverage

By John Sabelhaus Despite widespread support for government policies aimed at improving workplace retirement plans, nearly half of wage and salary workers in the U.S. still lack coverage. The lack of employer-sponsored pensions or other workplace retirement saving plans has led to state-level government initiatives aimed at expanding coverage to workers whose employers do not offer such plans. Designing and implementing efforts to broaden workplace retirement plan coverage requires understanding what types of workers lack coverage, in terms of both...

Mexicanos ven pocas posibilidades de ahorrar, viajar y comprar casa

Durante febrero del 2022, la desconfianza de las familias mexicanas se hizo presente en las condiciones futuras para ahorrar, en las posibilidades económicas para salir de vacaciones en los próximos 12 meses y en la planeación para comprar, construir o remodelar una casa en los siguientes dos años. De los 10 indicadores complementarios del Indicador de Confianza del Consumidor (ICC), tres registraron caídas mensuales en el segundo mes de este año, de acuerdo con datos desestacionalizado de la Encuesta Nacional...