Before the easing of rules by Chile's Financial Market Commission, fund managers (AGFs) had been unable to launch a retirement-share-class for any fund whose investment policy allowed the use of derivatives for speculative purposes.
BlackRock Retirement Institute aims to widen pension dialogue in Latin America
BlackRock's Axel Christensen said the global initiative would have a broad presence in Latin America, starting in Mexico followed by Chile, Colombia, Peru and Brazil, tackling themes such as models, fees, diversification, education, etc.
UBS Wealth Management: Anxiety abounds among baby boomers approaching retirement
UBS's Paula Polito said that baby boomers, instead of 'living to work,' need to start 'working on living,' i.e. figuring out how they will fill their time and find their purpose once they leave the workforce."
BlackRock: Americans sitting less on cash in order to fund retirement
“Americans are showing an increased willingness to invest and save for the future,” said BlackRock president Rob Kapito, commenting on a study showing that cash now totals 58% of Americans’ assets, down from 67% in late 2016.
Ramirez warns of dire consequences to pension system if reforms are delayed
"The more we delay the fundamental reforms required by this system, the possibility of accumulating sufficient resources for the new generation of Mexicans will be reduced," warned Carlos Ramírez, president of the Consar, at a recent gathering of industry professionals.