January 2022

Pensions and demographic risks
14Jan

Pensions and demographic risks

Different demographics of the population experience different pension risks, depending on age, location and various other factors. Read also Pensions in Germany: How the new government plans to solve an age-old issue Also, the fact that the UK population is getting older and living for longer could be viewed as a demographic risk in itself. Read also UK. Double tax whammy risk for big pension withdrawals As Jon Young, financial planner at WealthFlow, says: “Your pension pot has to last for longer and...

January 14, 2022
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14Jan

1 in 5 Women Are Facing Retirement Setbacks Due to Pandemic

The pandemic is contributing to a widening wellness gap between men and women. In particular, as the public health crisis lingers, women in the workforce are reporting burnout at twice the rate of men, as well as shouldering greater mental health burdens than most other groups of workers. Read also US. The clock is ticking on retirement security bills, industry experts say According to a new retirement survey from insurance and financial services company Nationwide, women's prospects for retirement are suffering,...

January 14, 2022
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14Jan

“Crisis de confianza” frena el crecimiento en Latinoamérica, alerta el BID

Una "crisis de confianza" en gobiernos, empresas, sindicatos y prójimo en general frena el crecimiento económico en Latinoamérica y el Caribe, alertó el jueves el Banco Interamericano de Desarrollo (BID), instando a los países a resolver lo que considera su "problema más acuciante". Solo una de cada 10 personas cree que los demás actuarán de manera adecuada en Latinoamérica y el Caribe, la región del mundo con mayores niveles de desconfianza, según un informe del BID que llama a promover...

January 14, 2022
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Jamaica launches historic tourism pension scheme
14Jan

Jamaica launches historic tourism pension scheme

Jamaica’s tourism industry made history on Wednesday with the launch of the long-awaited Tourism Workers Pension Scheme (TWPS). Read also Estonia. State to provide option of increasing second pension pillar deposits The scheme is expected to, directly and indirectly, benefit hundreds of thousands of people employed in the industry. Read also Wages and pensions fall in Uruguay due to economic policy A defined contributory plan supported by legislation, the pension scheme will require mandatory contributions by workers and employers. Read also Jamaica. Informal Sector...

January 14, 2022
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14Jan

UK. FCA’s SDR intent welcomed; greenwashing fears remain

The Financial Conduct Authority's (FCA) proposals on sustainability disclosure requirements (SDR) have been welcomed by industry experts, although concerns remain over the need for one "harmonised" and understandable system for all investment products. The regulator previously launched a discussion paper seeking views on the proposed SDRs for asset managers and FCA-regulated asset owners, which aim to “empower” pension scheme trustees to consider climate-related factors in their decision making. Industry organisations have welcomed the FCA’s intention behind the proposals, with Interactive Investor...

January 14, 2022
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14Jan

Pensions in Germany: How the new government plans to solve an age-old issue

Germany's ageing population continues to cause uncertainty about the future of the pension system. Here's how the new government is planning to make ends meet. The issues with Germany’s pensions pot are well documented. Thanks to the country’s ageing population, over the next 10-15 years, a huge number of people will go from being tax payers to pension recipients, creating a troubling imbalance between people paying into the system and people drawing money out. It’s a problem that has been plaguing...

January 14, 2022
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13Jan

Impuesto a la riqueza para las pensiones, otro debate en Chile

Los diputados aprobaron por unanimidad el proyecto que financia la creación de una pensión universal propuesta por el presidente Sebastián Piñera, enviándolo al Senado. Si bien el plan original del Gobierno eliminaba o reducía las exenciones tributarias, los legisladores de la oposición agregaron un impuesto a la riqueza de 1,5 % para personas con capital entre US$5 y US$22 millones, y de 2,5 % para quienes superen ese rango. El proyecto de ley podría abrir otra disputa entre el Congreso...

January 13, 2022
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13Jan

¿Candidatos por activos de Citibanamex? Santander y Banorte son los favoritos

Citigroup abandonará los negocios de banca de consumo y empresarial en México, algo que, si bien era anticipado por formar parte de una estrategia global de enfoque de esa institución bancaria estadounidense en clientes institucionales, podría también derivar en cambios sustanciales dentro del sistema bancario mexicano. La venta de activos valuados en cerca de 44 mil millones de dólares que generará esa decisión de Citigroup hará que diversos mercados financieros en México, como el bancario o el de la administración...

January 13, 2022
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Pensions and benefits will not keep up with cost of living, warns think tank
13Jan

Pensions and benefits will not keep up with cost of living, warns think tank

Benefits should rise to match the soaring cost of living as millions face crippling price rises driven by energy bills, a think tank has said. Read also UK. Pensions largest component of household wealth – ONS Many benefits and the state pension are inflation-linked, but - by convention - rates for this year were set before prices started rising rapidly. Read also UK. Parliament moves to ban flat fees on small pots It means most will only go up by 3.1% in April,...

January 13, 2022
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Pensions will continue to grow in Ukraine in 2022 - Shmyhal
13Jan

Pensions will continue to grow in Ukraine in 2022 – Shmyhal

Pension payments will continue to grow in Ukraine in 2022, Prime Minister Denys Shmyhal has said. He said this at a government meeting on Wednesday, January 12, according to an Ukrinform correspondent. "An increase [in pensions] is expected this year. There are quite a few stages. In particular, the indexation of pensions is planned from March, including for working pensioners, and the program of additional payments will be extended to persons over 70 years of age. Recalculations will be made for...

January 13, 2022
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