February 2022

39% of Canadians are confident in their retirement plan: survey

Almost two in five (39 per cent) Canadians are confident in their retirement plan, according to a survey conducted by Pollara Strategic Insights for the Bank of Montreal Financial Group. The survey, which polled 1,500 adult Canadians, found while respondents said they need $1.6 million to retire securely, just under half (44 per cent) were confident they’ll have enough money saved to retire as planned. Indeed, 42 per cent of respondents who are widowed, divorced or separated said they don’t...

Los activos de los fondos de pensiones a nivel mundial alcanzan la cifra récord de 56,6 billones de dólares

Los activos de los fondos de pensiones en los 22 países más importantes (“P22”) han alcanzado un récord situándose en los 56,6 billones de dólares a finales de 2021, de acuerdo con las últimas cifras presentadas en el Global Pension Assets Study publicado por el Thinking Ahead Institute, de WTW. Marisa Hall, codirectora del Thinking Ahead Institute, explica que “los fondos de pensiones se están financiando mejor en muchos países, pero también siguen sujetos a la valoración de los mercados...

Tras alcanzar mínimos, AFP aumentan sus inversiones en Chile por primera vez en diez meses

Luego de bajar su exposición a Chile durante diez meses consecutivos, en el arranque de este año hubo un cambio en la cartera de inversiones de las AFP: por primera vez desde febrero de 2021 registraron un alza de su exposición en Chile. Esto, considerando que en febrero de 2021 más de la mitad (52%) del total de los fondos de pensiones estaba invertido en Chile, de acuerdo a datos de la Superintendencia de Pensiones. Sin embargo, de ahí en...

Crecen las protestas por mejoras salariales en Puerto Rico

Cuatro hombres caminaron hasta el estacionamiento antes del amanecer, se sentaron bloqueando la entrada y enlazaron sus brazos a la espera de la llegada de cientos de empleados federales y estatales para comenzar su jornada laboral. Los cuatro trabajadores de la Autoridad de Carreteras y Transportación de Puerto Rico, que protestaban por años sin aumentos salariales, se negaron a ceder. Fue necesaria la intervención de una unidad especial de la policía para desalojarlos y, mientras eran esposados, uno de ellos...

Protests grow in Puerto Rico amid demands for higher wages

Four men walked to the parking lot before dawn, then sat down blocking the entrance and linked their arms to await the arrival of hundreds of federal and state employees for the work day. Protesting years without pay raises, the four employees of Puerto Rico’s Authority of Roads and Transportation refused to budge. A specialized police unit finally moved in to remove them, and as they were put in handcuffs, one of the men yelled: “Fair salary! Give us what...

Chile. “Trabajé 42 años y la pensión está lejos de lo que esperaba”: jubilados optan por postergar el trámite hasta tres años

Debido a las grandes pérdidas de rentabilidad que han sufrido los fondos de pensiones en los últimos dos años, adultos mayores han optado por postergar su jubilación, con el argumento de que quieren aumentar el monto a recibir en un futuro. De acuerdo a la consultora Ciedess, los nuevos pensionados han caído en un 8,2% en el 2021, quienes han decidido postergar de un año hasta tres, el trámite para su jubilación por los bajos montos que les correspondería. "Está lejos...

Kenya’s pension industry eyes partnership with Chinese firms to spur investment returns

Kenya's pension industry said Thursday it plans to partner with Chinese firms in order to boost returns on investments. Sundeep Raichura, chairman of Kenya Pension Fund Investment Consortium (KEPFIC), told Xinhua in Nairobi, the Kenyan capital, that they are keen to collaborate with foreign firms that have the expertise to undertake viable infrastructure projects such as roads, rail and energy plants. Read also Ghana. GH¢10bn private pensions funds available for investment in GSE securities – Deputy MD "As the Kenyan pension industry,...

Japan. World’s Top Pension Fund GPIF to Reassess Stock-Lending Halt

Japan’s Government Pension Investment Fund is set to review the impact of its decision more than two years ago to stop lending shares, and intends to put the controversial move up for debate. The world’s biggest pension fund, which manages nearly 200 trillion yen ($1.7 trillion) in assets, should have enough data to determine what impact the move has had on its investments, GPIF President Masataka Miyazono told Bloomberg News in an interview in Tokyo on Wednesday. Read more @Bloomberg 565 views

Italy makes another attempt at pension reform as debt worries mount

Italy is working on a reform to make it easier for workers to retire early without bloating Europe’s second-highest pensions bill as rising borrowing costs fuel concern about the country’s huge public debt. Officials said that Mario Draghi’s government wants to inject more flexibility into the system while avoiding the fate of the unpopular 2011 reform that  raised the retirement age steeply but was suspended in 2018 after a backlash. Read also French Prime Minister Castex: pensions to be adjusted to...

Retirement in America: Time to rethink and retool

By PWC A range of factors have put intensifying pressures on the US retirement system in recent years, leaving the industry facing a decelerating revenue growth outlook. A number of these challenges — fee pressure, underfunded retirement plans, an aging population — are structural and unlikely to ease. Many retirement players have been unable to outrun even one of these factors: fee pressure. Rising industry-wide fee pressure is placing constraints on the profitability of US retirement firms with average 401(k)...