One of the pending tasks in Latin America is the development of a pension system that is widely accessible, sufficient and financially sustainable over time. Beyond the different degrees of progress in each of the countries, they all face similar internal and global challenges. In particular, the problems of high informality of institutions and labor markets make the road even more uphill.
The recent Covid19 pandemic scenario has highlighted the structural weaknesses of pension systems in the region, thus exacerbating several transformations that were already unfolding. While internally, the main challenges already rested on the consolidation of the necessary economic stability and the development of consensus among economic and social agents, externally, a series of global trends such as demographic, financial, labor, technological and environmental ones were being observed.
All of the above raises the need for policy makers in Latin America to develop approaches aimed at innovating their respective retirement systems where, for example, some tools that are being developed in the regulatory, digital and behavioral economics fields are showing increasing evidence that they can support public policies in a more generalized way, helping to build a more sustainable profile for pension systems.
Given this scenario, different pension experts have been brought together to develop the book "Innovating pensions for the self-employed and informal workers in Latin America", edited by pinBoxSolutions. This volume aims to propose innovative solutions to the main problems on the supply and demand side that have been limiting the possibility of building greater pension savings, particularly in the informal population segments. To this end, the analysis, diagnoses, regulatory initiatives and innovative experiences that contribute to improving pension systems will be brought together. This will make it possible to build a set of concrete recommendations for Latin American policy makers.
Una de las tareas pendientes en Latinoamérica se centra en el desarrollo de un sistema de pensiones que sea de acceso amplio, suficiente y financieramente sostenible en el tiempo. Más allá de los diferentes grados de avance en el que se encuentran cada uno de los países, todos enfrentan similares retos internos y globales. En particular, los problemas de elevada informalidad de las instituciones y de sus mercados laborales, hace el camino aun más cuesta arriba.
El reciente escenario de pandemia del Covid19 ha puesto de manifiesto en la región las debilidades estructurales de los sistemas de pensiones, agudizando así varias transformaciones que ya se venía desplegando. Mientras internamente, los principales retos ya descansaban en la consolidación de la necesaria estabilidad económica y el desarrollo de consensos entre los agentes
económicos y sociales, en el ámbito externo se venían observando una serie de tendencias globales tales como las demográficas, financieras, laborales, tecnológicas y medio ambientales.
Todo lo anterior plantea a los hacedores de política en Latinoamérica la necesidad de desarrollar aproximaciones dirigidas a innovar sus respectivos sistemas para la jubilación donde, por ejemplo, algunas herramientas que se vienen desarrollando en el ámbito regulatorio, digital y la economía del comportamiento, muestran cada vez mayor evidencia que pueden dar soporte de forma más generalizada a las políticas públicas ayudando a ir construyendo un perfil más sostenible a los sistemas pensionarios.
Dado este escenario, es que diferentes expertos en pensiones han sido reunidos para desarrollar el libro "Innovating pensions for the self-employed and informal workers in Latin America”, editado por pinBoxSolutions. Este volumen tiene como objetivo proponer soluciones innovadoras a los principales problemas desde el lado de la oferta y la demanda que vienen limitando la posibilidad de construir un mayor ahorro pensionario, en particular en los segmentos poblacionales en el mundo informal. Para ello se reunirá el análisis, diagnósticos, inciativas regulatorias y experiencias innovadoras que contribuyan a mejorar los sistemas de pensiones. Con ello se podrá construir un conjunto de recomendaciones concretas para los hacedores de política latinoamericanos.
Head of PinBox Solutions, Latin America and President of the Private Competitiveness Council - Perú
Long standing international experience working with prívate banks, Latin American governments and multilateral financial institutions. Chairman of the Private Competitiveness ...more
Pensions for all proposals for inclusive pensions in Latin America
Head of PinBox Solutions, Latin America and President of the Private Competitiveness Council - Perú
Long-standing international experience working with the financial sector, Latin American governments, and multilateral financial institutions. Chairman of the Private ...more
Chief, Labor Markets and Social Security Division at the Inter-American Development Bank
Laura Ripani is Chief of the Labor Markets and Social Security Division of the Inter-American Development Bank (IDB). She specializes in the area of labor markets ...more
Consultant at the Labor Markets and Social Security Division
Consultant at the IDB Labor Markets Division. Prior to joining the IDB, she worked as Head of Economic Research at ANIF, a renowned Colombian think tank. She also served ...more
Lead Labor Market Specialist at Inter-American Development Bank
Lead Labor Markets Specialist in the Labor Markets and Social Security Division of the Inter-American Development Bank (IDB). He is also a researcher at the Institute for ...more
Lead Specialist of the Labor Markets and Social Security Division at Inter-American Development Bank at IDB
Lead Specialist at the Labor Markets Division of the IDB. Since joining the IDB in 2008, he has been responsible for preparing and supervising social security projects and...more
Lead Economist at The World Bank
Pensions global lead at the World Bank. As a lead economist, he has led the World Bank’s operations and policy dialogue on pensions, social protection and labor across the Middle ...more
Senior Consulting, World Bank
Fernando Larraín is a Senior Consultant at the World Bank. He is also a member of the Board of the International Centre for Pension Administration and advisor to the Board of the ...more
Head of Latin America and the Caribbean Unit at the OECD Development Centre
Sebastián Nieto-Parra is Head of Latin America and the Caribbean Unit at the OECD Development Centre at OECD. He also teaches economic policy of emerging markets at Sciences Po, Paris. ...more
Senior Specialist, Financial Inclusion, CAF
Senior Specialist in Financial Inclusion and Education at CAF – Development Bank of Latin America. Before this, she worked for the Central Bank of Colombia as Director of Economic and Financial. ...more
Professor, Universidad del Pacifico
Professor of the Economics Department of the Universidad del Pacífico. She has a Ph.D. in Economics and a Master in Economics and Financing of Aging, both from Tilburg University, and a B.A. ...more
Research Assitant, Universidad del Pacifico
Research assistant and economics student at Universidad del Pacífico. Experienced in research on improving coverage and savings in pension systems using experiments and learning from behavioral ...more
Researcher with recognized experience in pension and social security issues. He was Director of the Social Protection Program at CIPPEC, a renowned independent think tank in Argentina. He worked at the...more
General Coordinator of Technical Studies and Conjunctural Analysis at the Subsecretariat of Complementary Social Security
Auditor of Finance and Control of the National Treasury in exercise at the Social Security Secretariat in the position of General Coordinator of Technical...more
Federal civil servant - General Coordination of Social Security Studies at SPREV/MTP.
Federal civil servant in the career of Specialist in Public Policy and Government Management, works as coordinator of social security research and studies at the General Coordination of Social Security Studies of ...more
General Coordinator of Social Security Studies at SPREV/MTP
Federal civil servant in the career of Finance Auditor for the National Treasury. He works as General Coordinator of Social Security Studies at the Under Secretary of the General Social Security System/Ministry of ...more
Deputy Secretary of the General Social Security Regime at SPREV/MTP.
He holds a doctorate in Economics from the Universidad Autónoma de Madrid and a master's degree in Economics from USP and in Management and Direction of Social Security Systems from the Universidad de Alcalá. He serves ...more
Federal civil servant working at the General Coordination of Social Security Studies at SPREV/MTP.
Federal civil servant in the career of Specialist in Public Policy and Government Management, works as coordinator of social security policies and economic analysis at the ...more
Former President of Colpensiones
Economist and Master in Economics from Pontificia Universidad Javeriana. PhD in Development Policy and Management from the University of Manchester. For more than 6 years he worked as a specialist in social protection ...more
Vice-president of Colpensiones
Agro-industrial engineer from Universidad del Cauca and specialist in Government, Management and Public Affairs from Universidad Externado de Colombia, with 20 years of experience in financial inclusion, social...more
Deputy Executive Director, The World Bank. Former Head of Strategic Research at the Chilean Pension Regulator, and Vice President of IOPS
Pension and labor expert with extensive experience in the global research, regulation and supervision ...more
Remuneration and Benefits Manager at Central Bank of Mexico
Head of Pensions and Remunerations at Banco de México. From 2011 to 2015 she worked for BBVA Research as Senior Economist in Financial Inclusion and Pensions. She also worked ...more
Former president of the Peruvian National Pension System Administrator (ONP)
Creative and transformational leader. Lawyer, master in good governance. +15 years of experience in the public sector, in entities of constitutional justice, economy and public finance and social security. The last 3 years ...more
Expert in pension matters, Operational Risk Management and Strategic Planning. She has worked for more than 12 years in the Dominican Pension System, as a consultant and in its supervisory body. He is currently Head of Risk ...more
Technical Secretary of the Social Security Experts Committee
Ariel Cancio is Technical Secretary of the Commission of Experts on Social Security, which is responsible for carrying out a diagnosis and formulating recommendations that constitute the fundamental input for ...more
CEO of Pension Policy International
He worked for more than 20 years in the Regulatory Agency of the Pension System in Mexico, where as Vice President of Operations he led the implementation of innovative and disruptive models based on technological tools, promoting ...more
Political and Economic Risk Consultant. Former member of Mexico Financial Stability Board and former Mexico’s pension regulator
Mexico’s pension regulator 2013-2018. Economist and political scientist, former member of Mexico´s Financial Stability Board with expertise in political risk, financial markets and pensions. ...more
Founding partner of LoRIS
José Antonio Herce is one of the leading experts on longevity and pensions in Spanish-speaking countries. With more than thirty years of teaching experience as a professor of Economics at the Complutense University of Madrid ...more
CEO of Pensumo
José Luis Orós is a social entrepreneur and CEO of the startup Pensumo. He started working at El Corte Inglés until 2013 when he founded Pensumo, an innovative platform that offers a savings model by measuring personal consumption and ...more
Co-Founder and Chief of Global Strategy and Operations, Nuovalo
Manuel is a Mexican economist specializing in the economics and finance of aging. He is passionate about translating best practices and research into viable innovative products. He has been involved in operational ...more
CEO of Nuovalo Ltd
Richard K. Fullmer, CFA is CEO and co-founder of Nuovalo Ltd., a global PensionTech company that specializes in fair longevity risk pooling. He is also founder of Nuova Longevità Research, a pension research and consultancy firm located in ...more
Leader of the Katapulta innovation lab
Currently leading the first public sector innovation lab: Katapulta, through the experimentation of people-centered solutions. This covers from the design of the lab, the innovation strategy, the construction of prototypes and what I consider ...more
President & CEO, Millas Para el Retiro
President and CEO of Millas para el Retiro ®; Founding partner and Director of Vitalis ® pension experts, various board positions in public and private companies. Independent board member of the investment committee of INFONAVIT ...more
Executive at Vitalis
President and co-founder of VITALIS®, a Mexican company with international operations that provides consulting and investment services for private pension plans. He serves on the board of public companies ...more
Fernando Galindo is an adviser of Vitalis investment management for ESG and communications, and member of its investment committee. He is Professor of Business Ethics, Corporate Governance and CRS at the Universidad Anahuac and at the ...more
Co Founder and CEO U-Zave.
Michelle Hasson Bachelor of Economics and Administration de la Pontificia Universidad Católica de Chile, Co Founder & CEO U-Zave Fintech de Ahorro, líderes de programas de micro ahorro en Chile. U-Zave ha recibido importantes ...more
Co Founder & CFO U-Zave.
Bachelor of Economics and Finance de la Pontificia Universidad Católica de Chile. CoFounder & CFO de U-Zave. Antes de fundar U-Zave, se especializó en el área de gestión de inversiones, participando de la administración de...more
Director, pinBox Solutions Pte. Ltd.
An Ashoka Fellow and promoter-director of pinBox Solutions, a Singapore-based global social enterprise focused on digital pension inclusion in developing countries. He has over two decades of experience working extensively with governments ...more
Director, pinBox Solutions Pte. Ltd.
Co-founder and director of pinBox Solutions, a Singapore-based fintech enterprise committed to supporting digital pension inclusion in developing countries. She also runs the microPension Foundation, an India-based non-profit R&D hub. Over ...more
Director for Latin America, Novaster
Carolina Cabrita Felix is Director for Latin America and the Caribbean at the pension and longevity economics consultancy Novaster. Prior to joining Novaster, Carolina coordinated the Pension Network in Latin America and the Caribbean ...more
CEO, Novaster and Professor of IE University
Professor at the University of Barcelona and Professor at the London School of Economics in specialised programmes in pensions and behavioural economics. Teaches Behavioral Finance at IE-University and holds a PhD in Economics and Actuarial Science...more
Director of the Graduate School and Professor of the School of Economics at the University of Costa Rica. Former Superintendent of Pensions of Costa Rica.
An international researcher and consultant on pensions supervision and risk management of both Defined Contribution and Defined ...more
Manuel Lozano is Director of Novaster. Economist and Actuary from the University of Barcelona. He has more than 20 years' experience in consultancy, where he has advised on all aspects of Social Welfare, focusing ...more