August 2022
05Aug

Public Wage and Pension Indexation in the Euro Area: An Overview

By Cristina D. Checherita-Westphal, João Domingues Semeano, Elena Ahonen, Pierrick Stinglhamber, Stefan Van Parys, Johannes Clemens, Katri Urke, Orsolya Soosaar, Maria Vergou, Maria Flevotomou, David Staunton, Jorge Martínez-Pagés, Aris Avgousti, Gintare Zelionkaite, Olivier Delobbe, Florian Henne, Baiba Brusbārde, John Farrugia, Juergen Attard, Fabrizio Renzi, Marco Savegnago, Doris Prammer, Lukas Reiss, Gerard Eijsink, Jip Italianer, Maria Manuel Campos, Andreja Strojan Kastelec, Barbora Palášthyová, Vratislav Pisca & Jarkko Kivistö. If the responses of wages – both private and public – and of...

August 5, 2022
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05Aug

Investment results for 1Q of fiscal 2022(update report)

By GPIF Government Pension Investment Fund (GPIF) manages the public pension fund in the long term and its investment results should be assessed in the same manner. In addition to the annual report, which is legally required, GPIF publishes the quarterly update report to enhance the transparency to the public. Please note that returns, which are marked to market as of the end of each quarter, include unrealized gains and losses and are influenced by the market trends. Get the report here...

August 5, 2022
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05Aug

México. Registran las Afore el peor primer semestre de su historia

Las administradoras de fondos para el retiro (Afore) cerraron el primer semestre con una utilidad neta de mil 410 millones de pesos, un desplome de 80 por ciento frente a los 6 mil 953 millones de pesos reportados en el mismo periodo del año pasado, revelan datos de la Comisión Nacional del Sistema de Ahorro para el Retiro. De esta forma, según datos del organismo, las Afore registraron su peor semestre desde su nacimiento en 1997, pues a la ganancias...

August 5, 2022
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05Aug

Colpensiones podría cambiar a este nuevo modelo en Colombia: “Suena paternalista”

El funcionario dejará el cargo en los próximos días y desde ya lanza una propuesta para el nuevo gobierno de Gustavo Petro para lo que considera pueden ser las bases de un modelo pensional en Colombia que corrija las fallas que tiene el esquema actual. Una primera idea que explica el saliente presidente de Colpensiones tiene que ver con la creación de un solo sistema, con un mismo administrador, y que la gente no tenga que irse al régimen de...

August 5, 2022
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05Aug

Aumento y bono para jubilados argentinos en agosto

Este miércoles, Sergio Massa anunció una batería de medidas, con el objetivo de relanzar la gestión, en la búsqueda de un golpe de efecto para la gestión económica del gobierno de Alberto Fernández. Entre ellas, adelantó que habrá un bono para jubilados, que alcanzará más de un millón de beneficiarios de ANSES de todo el país, el cual se suma a los aumentos estipulados en la Ley de Movilidad jubilatoria, para hacerle frente a la inflación. El bono que entregará...

August 5, 2022
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05Aug

UK. TPR revamps guidance on fiduciary management tender processes

The Pensions Regulator has published updated guidance on the tender process for fiduciary management services and trustees, setting objectives for investment consultants as it prepares to take over regulation of these duties this autumn. Since December 2019, trustees have been legally required to run a competitive tender process when appointing fiduciary managers for a fifth or more of scheme assets, and have had to set strategic objectives for their investment consultancy provider. From this October, TPR will take over compliance-reporting and...

August 5, 2022
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05Aug

Pensions, Crypto, And Trust: Digital Assets And Retirement Funds

Retirement planning is the primary objective of retail investors. Indeed, 47% of respondents in the 2022 CFA Institute Investor Trust Study indicated saving for retirement was their most important investment goal. Yet the conventional pathway to retirement savings - the traditional stock and bond portfolio - is not as effective as it used to be. Weaker diversification, declining real returns, and rising inflation all present major challenges to both defined benefit and defined contribution (DC) pension funds. As funds struggle...

August 5, 2022
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05Aug

Green bonds poised for revival after shaky start to 2022 — report

Green bond issuance got off to a shaky start in 2022, but picked up in the second quarter, according to data from the Climate Bonds Initiative published on Thursday . The investor-focused non-profit organization promotes large-scale investment in the low-carbon economy. It screens self-labeled green bonds, including green, social, sustainability, sustainability-linked and transition labeled debt. In the first half of 2022, issuance of bonds aligned with international climate targets reached a combined volume of $417.8 billion, a 27% drop from the...

August 5, 2022
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05Aug

CFA Society Germany proposes merger of occupational with private pension systems

CFA Society Germany, the association of investment professionals, has proposed the merger between the country’s occupational and private pension systems under a format based on models in place in Sweden and Canada to cut administrative and sales costs that would lead to an increase in the level of pensions. The models would cater for two different market segments, one including savers opting for a standardised, state-run pension product, and another for savers who demand control over investments, the association said...

August 5, 2022
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04Aug

Perú. Mujer pierde S/39,000 de su AFP porque otra persona hizo el retiro: “Mi cuenta está en cero”

Una madre de familia denunció que le robaron los S/ 39,000 que tenía ahorrado en su cuenta de AFP Integra durante largos años de trabajo. En la denuncia, la mujer señaló que intentó acceder a su solicitud pero se dio cuenta que alguien más había hecho el trámite. Se trata de Ruth, quien dejó pasar todos los retiros de la AFP hasta el último. Sin embargo, al verse en la necesidad del dinero, decidió sacarlo todo pero ya no tenía...

August 4, 2022
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