16 de June de 2023

Guaranteed retirement pensions, come what may

It is 13 years ago this month that I spoke to you about guaranteed retirement pensions. The returns obtained by occupational pension scheme managers is one of the major issues in the open tender to decide which entities the government will select to manage the new state occupational pension schemes. […]
10 de April de 2023

How not to pay taxes

Payment in kind of up to EUR 100 thousand/year per company and employee for contributions to company pension schemes Knowledge comes primarily from living. Secondly, from analysing the conclusions reached by others who have studied the issues previously. In my view, the truth is still elusive. For this reason, I […]
6 de February de 2023

Recompense for saving

The third key concept of any sales operation is independent, qualified assessment Is it not the duty of every seller to display the benefits of their product so that the buyer can find a solution for their needs? Once again, we have two of the three key concepts: product and […]
14 de December de 2022

Bankman-Fried arrested in the Bahamas

It is not clear what to think about what was happening The WSJ headline for its markets section is the arrest of Sam Bankman-Fried, founder of the cryptocurrency exchange platform FTX, by Bahamian police, pending an extradition warrant. The US Attorney’s Office for the Southern District of New York has […]
12 de December de 2022

The financial and savings culture

The Government of Spain is going to try, through collective agreements, to promote its political interests in private pensions The recent study on “Remuneration trends and salary increase 2023” by KPMG Abogados confirms two important aspects: salary increases for the year 2023 of an average increase of 4.4% will be […]
8 de December de 2022

More reforms more taxes

Until next spring we will not know the criteria of the European Commission regarding the sustainability of the public pension system The Spanish press has reported on the written response of the European Commissioner for Economy, Paolo Gentiloni, in the news for his concern about the sustainability of the pension […]
24 de November de 2021

Remuneration for pensions to Administrators

For accounting purposes, long-term remuneration to staff is supplementary pension benefits to those of the public system, with respect to the time at which the service is provided by their administrators. The pension commitments assumed by the companies in favor of their directors are long-term remuneration and the income and […]
25 de October de 2021

Annuities – october

There are various products in the financial and insurance market with attractive trade names, to include the classic annuities. We, the actuaries, can assess the monthly amount that a person can charge if they live and by paying their corresponding premium. Or, in other words, from the initial amount of […]
27 de September de 2021

Life expectancy – september

Life expectancy is the years that a person can expect to live if the circumstances of mortality remain the same. Fortunately, life expectancy estimates have been less than the real years that people live. The better understanding of the longevity of populations by actuaries has made it possible to incorporate […]
20 de September de 2021

New monetary policy strategy of the European Central Bank – september

The Governor of the Bank of Spain explained last September 17, at the Barcelona IESE Business School, the new monetary policy strategy of the European Central Bank (ECB). The new strategy was published by the Governing Council of the ECB on July 8, ant it considers that the best way […]
29 de July de 2021


Participation in the program Ecònomix in Ràdio 4: The Pension system, is sustainable? Start 09:15’ Listen here
29 de June de 2021

New public pensions system – june

The European Commission announced the initial approval of € 69,500 million Aid Plan for Spain on June 16. The Plan is made to reinforce economic and social resilience in Spain, after the crisis experienced caused by the pandemic. The study and work proposals that the Spanish Government presented to the […]
17 de June de 2021

Business Social Security Plans – june

Business Social Security Plans (BSSP) are a type of insurance contracts, by which the company implements its pension commitments in favor of its workers with the insurer. The BSSP is the great unknown in Spain. The product is very similar to the Employment Pension Plan, with the same contingencies being […]
25 de May de 2021

Compensation – Cancellation of contracts – may

The Principles of European Contract Law offer a unitary and harmonized set of means of protection to the creditor for breaches of the contract by the debtor, which are decisive for professionals in valuations within the framework of the quantification of compensation for damages. It´s necessary to work with great […]
14 de May de 2021

Post-covid Economy – may

In Spain, the consume represents almost 57% of the Gross Domestic Product. The Spanish economy, as it is predominant in most Western countries, favors the well-being of its citizens through the consume thay make. The drops in the months of strict confinement by Covid, in March and April 2020, were […]
23 de April de 2021

Plan for managers – April

The changes in the limits for contributions to pension plans in Spain may be good news, despite the reductions in their tax benefits, if initiatives such as the one promoted by Banca March, together with others, reach more decision centers within business organizations. The insurance and banking sector begins to […]
14 de April de 2021

Pension plan – March

Finally, the General Management of Taxes (DGT) has issued a binding answer to the question raised by the maximum reduction limits in the tax base of the Tax for contributions to pension plans, and similar instruments. The general opinion in the industry is that the answer is not understandable enough, […]
14 de April de 2021

Saving and investment – April

The lack of financial culture in Spain is evident. You just must look at the published savings and investment studies in the country. Investment continues to be predominant in real estate assets and bank deposits, the first, of limited liquidity, and the second, of almost zero profitability. Safety is the […]
2 de February de 2021

Pension plan – February

Surprisingly, the interpretation that one Pension Fund has made, at least, of the modifications contained in the General State Budget Law for the year 2021, in relation to the new contribution limits to pension plans, has been restrictive. Textually, the Law says business contributions, not contributions from the promoter, and […]
15 de January de 2021

Pension plan – January

The changes in the taxation of pension plans have been approved in the Law of General State Budgets and in order to correct the excess of commission of individual pension plans. According to a study by the Ministry of Mr. Escrivá and his explanations in professional forums, the managers of […]
12 de January de 2021

Presentation ISAP 3