January 2022

Opinion: Do ‘ethical’ pension funds have a private equity problem?
13Jan

Do ‘ethical’ pension funds have a private equity problem?

By Brett Arends The people running public pension plans these days like to boast about their “ethical” investment policies, for example when it comes to the environment or “diversity, equity and inclusion.” Meanwhile they pour billions of dollars into secretive private-equity funds in pursuit of extra profits. Now comes yet more evidence that some of those private-equity managers in turn are using that money for the opposite of ethics. “Private equity ownership leads to an increase of 147% in the percentage of… financial...

January 13, 2022
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12Jan

Wages and pensions fall in Uruguay due to economic policy

Wage drops and pension losses foreshadowed today a 2022 of economic restrictions in Uruguay, according to data provided by representatives of the Social Security Bank (PBS for its acronym in Spanish). The year before closed as the second consecutive year of the current right-wing coalition government, in which the adjustment of the salary of the workers was lower than inflation, which also means that retired people will receive a pension below the level of consumer prices. Ramón Ruiz, director of the...

January 12, 2022
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12Jan

Citi venderá afore, negocios de banca de consumo y empresas en México

La decisión de Citi de enfocarse en clientes institucionales implicará la venta de los negocios de banca de consumo, empresarial, seguros y afore de Citibanamex, así como un posible cambio de nombre como resultado de la transacción. Leer también El 28% de hogares en México tieneun guardadito en tandas o cajas de ahorro “La marca Citibanamex ya se verá, a lo mejor no tendría mayor sentido porque una parte la podríamos operar con Citi y la otra como Banco Nacional de...

January 12, 2022
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12Jan

US. 5 Benefits of Delaying Retirement

Delaying retirement can be a major sacrifice, especially if you're eager to leave behind the working world and start enjoying a life of leisure as a senior. But it's also a sacrifice worth making in many cases. There are five huge benefits of putting off your departure from your job, all of which should be carefully considered before you decide to give notice.   1. You can make a delayed Social Security claim The longer you wait to start your Social Security checks,...

January 12, 2022
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12Jan

Perú. Presentan proyecto de ley para retirar hasta S/ 18.400 de la AFP en el 2022

Los afiliados del Sistema Privado de Administración de Fondos de Pensiones (AFP) podrían retirar hasta S/ 18.400 (4UIT) de su cuenta individual de capitalización, según un proyecto de ley del congresista de Podemos Perú José Luna Gálvez. Leer también Los grandes debates en torno a los sistemas de pensiones La propuesta legal busca autorizar de manera extraordinaria y facultativa el retiro de fondos de las AFP a los asegurados con el objetivo de otorgarles “mayor liquidez económica en el contexto de...

January 12, 2022
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12Jan

UK. Double tax whammy risk for big pension withdrawals

Thousands of people in the UK are at risk of being hit with huge tax bills when they enter drawdown, insurance provider NFU Mutual has warned. The firm analysed data from the Financial Conduct Authority (FCA) showing that in 2020-21 around 15,296 pension pots worth more than £50,000 ($66,144, €58,500) were fully withdrawn. Worryingly, 61.3% of those who cashed out did so without seeking financial advice, up from the 58.9% of the previous year. A similar trend was also registered for pots...

January 12, 2022
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12Jan

China. Plan focuses on affordable elderly care

China is taking steps to make affordable nursing services available to more elderly people in the next four years to meet the needs of its aging population and improve the quality of their lives. Read also Malaysia. Tweak pension fund to benefit low- income workers The State Council recently approved the public service plan for the 14th Five-Year Plan (2021-25) period, which said the Chinese people have higher requirements for better lives, with public services including education, medical treatment and nursing...

January 12, 2022
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11Jan

Envejecimiento y la Transición de la Estructura Poblacional por Edades en Colombia

Por Elizabeth Castellanos, Indira Vega & César Cristancho Fajardo El objetivo de esta investigación es analizar el perfil sociodemográfico de las personas de edades avanzadas en Colombia. La principal fuente de información está constituida por los resultados de los Censos de Población y Vivienda, con énfasis en el realizado en 2018 . En el desarrollo de la investigación se analizaron niveles, tendencias y desigualdades geográficas del envejecimiento poblacional en Colombia. En los resultados, se identificó que una de las principales transformaciones de la estructura...

January 11, 2022
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11Jan

Determinantes macroeconómicos del saldo promedio de las cuentas de jubilación en México

Por Gerardo Angeles Castro, Lillian Marlen Centeno Cruz & Pilar Campo y Muñoz El ahorro promedio para la jubilación en México es persistentemente bajo, las causas no son solo microeconómicas sino también macroeconómicas, estas últimas rara vez se han estudiado en la literatura para las economías emergentes. Este artículo tiene como objetivo explorar los determinantes macroeconómicos del ahorro promedio para la jubilación en México. Usamos series de tiempo en bases mensuales,de enero de 2009 a diciembre de 2020,y encontramos que...

January 11, 2022
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11Jan

UK. Parliament moves to ban flat fees on small pots

The move comes almost exactly a year since the Department for Work and Pensions formally proposed the ban in response to the review of the default fund charge cap. At that time, research from the Pensions Policy Institute estimated that the number of small, deferred pots in master trusts could surge from 8m to 27m by 2035, with the cost to members in fees and other charges reaching £1.2bn, in some cases wiping out small pots entirely. While the industry was...

January 11, 2022
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