July 2021
15Jul

US. How Benchmarks Keep Pension Stakeholders in the Dark

There’s no shortage of studies arguing that pension funds and endowments would have been wise to put the kibosh on their complex portfolios and opt for a simple passive strategy over the last five, 10, or 20 years. But new research from Richard Ennis, one of the founders of investment consultant EnnisKnupp, details another fault line in the argument. Benchmarks in investing, just as in sports or healthcare, are designed to measure performance, costs, risk, and other data points against peers...

July 15, 2021
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15Jul

U.K. corporate pension fund surplus gains again in June

The total surplus of U.K. defined benefit funds covered by the Pension Protection Fund’s 7800 index increased 4.7% in June to £99 billion ($137 billion). The surplus was £94.6 billion at the end of May. A year earlier, U.K. corporate DB funds recorded a total deficit of £132.2 billion, the London-based PPF said Tuesday in an update. The PPF is the lifeboat fund for defined benefit plans of insolvent U.K. companies. The funding ratio increased to 105.8% as of June 30, up...

July 15, 2021
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15Jul

BlackRock Closes In on the Once Unthinkable, $10 Trillion in Assets

BlackRock Inc.’s second-quarter profit rose 14% on new money coming into the giant asset manager, a sign that investors are becoming more confident about an economic recovery. Read also He runs the worst-funded public pension in the country. Here’s his ‘good news’ story The company posted a quarterly profit of $1.378 billion or $8.92 a share, up from $1.214 billion or $7.85 a share a year earlier. Its revenue grew 32% to $4.82 billion. Read also Transferring A Business Following Insolvency In...

July 15, 2021
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15Jul

EU. ESG Disclosure Regulation: a closer look at Article 8 and Article 9

March 2021 saw Regulation (EU) 2019/2088 of the European Parliament and of the Council of November 27 2019 on disclosure of information related to environmental, social, and governance (ESG) criteria in the financial sector (SFDR) finally becoming applicable. This regulation, issued in the context of the EU Commission’s commitment to the Sustainable Development Goals of the UN 2030 Agenda for Sustainable Development, represents a major milestone by introducing unprecedented harmonised requirements on sustainability-related disclosure in financial products to a multitude...

July 15, 2021
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14Jul

El desarrollo de América Latina desde una perspectiva de políticas públicas, fiscales y financieras

Por Oracio Valenzuela Valenzuela, Deyanira Bernal Domínguez, Rubén Antonio González Franco, Beatriz Carolina Romero Medina &  Luiz Vicente Ovalles Toledo El V Congreso Internacional sobre Sustentabilidad, Competitividad y Gestión en las Organizaciones (CISCGO), se desarrolló bajo el lema: “Gestión Estratégica: Promotora de la sostenibilidad al Valor Compartido”, con el propósito de generar un espacio de análisis y reflexión acerca de las tendencias actuales para que las organizaciones alcancen un desarrollo competitivo y sustentable, a partir de la implementación de estrategias que atiendan la dimensión social,...

July 14, 2021
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14Jul

México. Mujeres representan 40% de las cuentas del SAR

Poco menos de 40% de las mujeres que están en el mercado laboral cotizan en el Sistema del Ahorro para el Retiro (SAR), cuando este género representa más del 50% del capital humano en México, detalló Leonor Quiroz, presidenta de la comisión de ética e integridad de la Coparmex. Leer también México. Ninguna Afore ha invertido en Dos Bocas, Santa Lucía o el Tren Maya: Consar "El primer elemento de desigualdad es la brecha salarial porque impacta la tasa de cotización...

July 14, 2021
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14Jul

Colombia. Rendimientos de fondos de pensiones fueron de $10,4 billones en el primer semestre de 2021

La Asociación Colombiana de Administradoras de Fondos de Pensiones y de Cesantías (Asofondos) reveló este martes que el ahorro pensional de los colombianos alcanzó un nuevo máximo de $331,4 billones en el primer semestre de 2021. Leer también Panamá. Actuarios piden en el diálogo por la Caja de Seguro Social, no descartar medidas paramétricas El gremio que agrupa a Colfondos, Porvenir, Protección y Skandia también reveló que los rendimientos de los fondos de pensiones terminaron el primer semestre en $10,4 billones,...

July 14, 2021
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14Jul

Green pension 21x more effective than common climate change efforts

UK savers have been urged to make their pension green after research revealed that this was a “staggering” 21 times more effective at cutting carbon footprints than stopping flying, becoming a vegetarian and moving to a renewable energy provider combined. Read also Is there really an ESG bubble? The analysis, from Make My Money Matter (MMMM), Aviva, and Route2, found that those with an average sized pension pot of £30,000 who moved from a traditional fund to a sustainable option can...

July 14, 2021
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14Jul

Jamaica. Dead or alive? Pension payments continue

The Accountant General's Department (AcGD) is struggling to ascertain if some of its high-risk pensioners — aged 90 and over — are actually alive as it continues to make monthly payments to them. Accountant General Anya Jones says efforts to verify whether these pensioners are alive have been hampered by the novel coronavirus pandemic as officers of the department are sometimes barred from entering the homes of these individuals.The department has been paying out millions to pensioners, either without verification,...

July 14, 2021
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14Jul

He runs the worst-funded public pension in the country. Here’s his ‘good news’ story

It’s a safe bet that many people, seeing their work described in print as “among the worst in the country,” might cringe and try to avoid the media. But David Eager has spent the past five years running the Kentucky Public Pension Authority, with an eye to turning the system around. A big part of his work has been increasing transparency and educating people about the nitty-gritty of public pensions, how Kentucky got into the mess it’s in, and how...

July 14, 2021
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