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October 2021

Chile. Cuarto retiro: Comisión votaría la iniciativa la última semana de octubre

Durante la última semana de octubre, la Comisión de Constitución, Legislación, Justicia y Reglamento estaría en condiciones de votar en general y remitir a la Sala, el proyecto de reforma constitucional que permite el retiro anticipado de hasta un 10% de los fondos previsionales y de las rentas vitalicias. Así lo informó el presidente de la citada instancia, senador Pedro Araya, al término de la sesión en que se escuchó al presidente del Banco Central, Mario Marcel, quien expuso sobre...

DC execs think U.K. government should raise mandatory contribution rates

U.K. executives that oversee defined contribution plans think the government should increase mandatory contribution rates and did not change their approach to running their plans as a result of the coronavirus pandemic. Read also UK. Govt launches consultation on NHS pension scheme changes A joint survey by Mercer and the Confederation of British Industry, which represents U.K. businesses, also showed that although businesses support an expansion of automatic enrollment, a significant minority currently can't afford higher minimum contribution levels. Read also U.K....

México. El IMSS y las plataformas colaborativas

La firma del convenio entre el Instituto Mexicano del Seguro Social (IMSS) y las plataformas de movilidad y entrega de alimentos Beat, DiDi, Rappi y Uber debe entenderse como un primer paso que oficialmente reconoce tanto la importancia y los beneficios de la economía colaborativa como la necesidad de que conductores y repartidores tengan información y accedan a la seguridad social. Las plataformas colaborativas han sido disruptivas y han modificado el concepto tradicional de trabajo, según el cual un empleado...

Chile. Reforma que autoriza a afiliados a las AFP el retiro de la totalidad de sus ahorros ingresa al Senado.

La moción, patrocinada por los Senadores Iván Moreira y José Miguel Durana, modifica la Constitución para permitir, entre otras cosas, que los afiliados con menos de dos millones ahorrados puedan retirar la totalidad de los fondos. Leer también Chile. Cuarto retiro: Comisión votaría la iniciativa la última semana de octubre Los autores explican que el sistema de administración de los Fondos de Pensiones contenido en el D.L. 3500, está basado en la capitalización individual, siendo privada la administración de dichos fondos....

Employers offering retirement benefits report greater productivity during COVID, cite reduced employee stress: New research from HOOPP and Maru/Matchbox

Employers that offer retirement savings benefits report higher levels of employee productivity over the past year and have greater optimism for the future, according to the Canadian Employer Pension Survey, a survey of 845 Canadian employers by HOOPP and Maru/Matchbox. In addition, employers that offer retirement savings benefits believe it is very important to recruitment, retention and helping employees manage stress. “The survey found that a majority of employers see a connection between reducing employees’ financial stress and productivity,” said Steven...

2021 End-of-Year Plan Amendment Deadlines and Other Considerations

As the year draws to a close, it is helpful for employers to pause and evaluate employee benefit plan amendment deadlines and other crucial fourth quarter benefit considerations, as described below. Plan Amendment Deadlines Many benefit plan changes must be amended by year end to reflect pandemic relief provisions implemented under the Families First Coronavirus Response Act (FFCRA), the Setting Every Community Up for Retirement Enhancement (SECURE) Act, and the Coronavirus Aid, Relief, and Economic Security (CARES) Act. CAFETERIA PLAN AND FSA...

Ros Altmann: Could pensions be used to boost more sustainable investing?

As we rebuild the economy after Covid-19 and pursue the government’s aims to ‘Level up’ and ‘Build back better’, the greening of finance has become increasingly important. With the impacts of climate change ever more apparent, politicians seek to appeal to the ‘green vote’. The legislative measures to boost the battle against climate change include: mandating the UK’s main financial regulators to factor in climate-related issues; statutory requirements for pension schemes to address the international Taskforce on Climate-related Financial Disclosures...

Post-covid pension reforms in Europe should focus on sustainability – leading macroeconomic influencers

The reforms introduced in European pension systems have placed unnecessary burden on younger population. Experts opine that post-Covid reforms should focus on sustainability and equity. Linda Yueh Linda Yueh, economist at the University of Oxford, shared an article on the equity of pension systems in Europe in the post-Covid era. The ageing population in Europe resulted in the implementation of several reforms to ensure the sustainability of the pension system. Major reforms, however, were implemented following the 2007-2008 global financial crisis and...

BID mejora situación financiera de conductores de transporte

El Banco Interamericano de Desarrollo (BID), BID Lab, y Beat, la aplicación de transporte privado de más rápido crecimiento en América Latina, anuncian formalmente su alianza para promover y facilitar el acceso a mecanismos de ahorro voluntario para trabajadores independientes en cuatro países de América Latina. Vea más sobre Empresas. Desde el pasado mes de marzo, el Banco Interamericano de Desarrollo, BID Lab y Beat trabajan de manera conjunta para delinear nuevas formas a través de las cuales la tecnología...

UK’s ABI urges tax reform

The Association of British Insurers (ABI) has detailed a five-point plan in a new budget submission setting out how the insurance industry can work constructively with the UK government. It says freezing the rate of Insurance Premium Tax, maintaining adequate investment in flood defence infrastructure and simplifying pensions tax relief to encourage greater savings would lay good foundations for the UK’s recovery from COVID, and enable the insurance sector to play its fullest part in support. ABI Director General Huw Evans says...