February 2022

Global Pension Assets Study – 2022

By Thinking Ahead Institute The Global Pension Assets Study estimates global pension fund assets across 22 major pension markets (the P22). These geographies now total a record US$56.6 trillion in pension assets and account for 76% of the GDP of these economies. The study, conducted by WTW and the Thinking Ahead Institute since the 1990s, includes an analysis of the seven largest markets (the P7): Australia, Canada, Japan, Netherlands, Switzerland, UK and US comprise 92% of total pension assets, unchanged...

Earnings Inequality and Dynamics in the Presence of Informality: The Case of Brazil

By Niklas Engbom, Gustavo Gonzaga, Christian Moser & Roberta Olivieri Using rich administrative and household survey data spanning 34 years from 1985 to 2018, we document a series of new facts on earnings inequality and dynamics in a developing country with a large informal sector: Brazil. Since the mid-1990s, both inequality and volatility of earnings have declined significantly in Brazil’s formal sector. Higher-order moments of the distribution of earnings changes show cyclical movements in Brazil that are similar to those...

México. Afores ganan menos por el cobro de comisiones

Durante el mes de enero los ingresos de las Afores por la administración de las cuentas de ahorro para el Retiro alcanzaron 2,484 millones de pesos, cantidad inferior a la reportada en el mismo periodo del 2021 cuando estas empresas captaron 3,214 millones de pesos por este concepto. De acuerdo con la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar), en el primer mes del año, las Afores percibieron 730 millones de pesos menos que en enero del...

Opciones para acceder a la jubilación patronal en Ecuador

Quienes cumplen 25 años laborando para una misma empresa, bajo relación de dependencia, tienen derecho a una jubilación patronal y dos formas de cobrarla, según el Código del Trabajo. La primera es una pensión mensual hasta que fallezca el jubilado y hasta un año después cobran sus herederos. La otra manera es recibir un solo pago a través del Fondo Global de Jubilación, el que no puede ser inferior al 50 % del sueldo unificado que cobraba la persona multiplicado por...

UK. Pension chiefs encourage company stakeholder engagement

A group of pension executives has challenged companies to engage with their stakeholders and intensify their efforts to reach net zero emissions. The statement came in a letter to the Financial Times, signed by leaders from across the defined benefit and defined contribution spaces, Local Government Pension Scheme funds and private plans who are collectively responsible for more than £675bn in assets. Brunel Pension Partnership’s chief responsible investment officer Faith Ward, Nest’s chief executive Helen Dean and BT Pension Scheme Management’s...

Nigeria: LASG Pays Over N1 Billion to 222 Retirees’ RSA, Promises to Clear Backlog of Pensions

The Director-General of Lagos State Pension Commission (LASPEC), Mr. Babalola Obilana has said that the Lagos State Government has paid the sum of N1.04 billion to its retired workers. Obinala, who disclosed this at the 91st Batch Retirement Bond Certificate presentation Ceremony held in Lagos revealed that the state has cleared its pension contributions of 2018 - 2020 retirees under the contributory pension scheme. He assured the retirees that their contributions have been paid into their RSA. According to him, "despite the...

Australian market praised in latest pension study

Global pension fund assets have doubled in the last decade, with Australia's pension assets growing by 11.6% in 2021 and seeing it described as "the most successful pensions market". The latest Global Pension Assets Study from Willis Towers Watson's Thinking Ahead Institute shows global pension assets in the world's 22 largest markets now sit at US$56 trillion. This shows year-on-year growth of 6.9% in 2021. Interestingly, Australia has the largest growth rate of any country in the study over the past...

New pension changes coming for South Africa before the end of February

The National Treasury will introduce new pension fund regulations for South Africa before the end of February, says deputy finance minister David Masondo. The changes are aimed at ‘unlocking’ new investment in infrastructure by the private sector and form part of the process to amend Regulation 28 of the Pensions Fund Act to enable retirement funds to invest in infrastructure, Masondo said in his State of the Nation debate in parliament this week. “These amendments introduce more effective maximum limits for...

Informalidad laboral en América Latina: propuesta metodológica para su identificación a nivel subnacional

Por Andrés Espejo El territorio es un elemento clave para definir las desigualdades que afectan a las personas en su acceso a empleos de calidad. A pesar de ello, en América Latina y el Caribe no se dispone, por lo general, de información desagregada a nivel territorial. En este documento se presenta una propuesta metodológica para estimar la probabilidad de ocurrencia de la informalidad laboral a nivel subnacional. Este análisis permitirá recopilar información relevante para el diseño de políticas públicas...

La legislación laboral y su contribución en la segmentación del mercado de trabajo en América Latina

Por Graciela Bensusán Areous A partir de la tipología del proyecto “Worlds of labour” (Mückenberger/Dingeldey, en este número especial) este artículo estudia específicamente cómo la segmentación legal funciona en los sistemas laborales de cinco países latinoamericanos. Los cinco países, en su legislación laboral y de seguridad social, cubren en principio a todos los trabajadores asalariados. Sin embargo, se excluye a los trabajadores auto empleados o por cuenta propia. La informalidad laboral se explica en cambio por el incumplimiento de la...