El movimiento de jubilados del IMSS del Estado de Coahuila, está tramitando un amparo contra la ley que impide obtengan su fondo para el retiro. Tan sólo en Monclova son más de 600 afectados con entre 200 y 800 mil pesos. Lo anterior lo dio a conocer, el líder de dicha agrupación, Rafael de la Rosa Ochoa, señalando que están reuniendo toda la documentación que el abogado les ha requerido para ampararse contra dicha jurisprudencia que los ha afectado...
KLP, Norway’s largest pension fund, said on Tuesday it will no longer invest in gambling companies and alcohol makers, and recently sold stocks and bonds in such firms worth about $320 million. The decision affects around 90 companies, which have been added to KLP’s exclusion list alongside industries it previously divested from, including tobacco firms, certain weapons makers and those involved in the mining or usage of coal. Explaining its decision, KLP said it did not want to make...
The Pensions Ombudsman has found two trustees personally liable to account for over £2.4 million of investment losses to a pension scheme. With exoneration clauses common in trust deed and rules, it is rare for trustees to be personally liable for breaches of duty. The facts are also unusual with the Scheme invested in high risk investments and it is unlikely to be a situation replicated often (if at all), but this case is a reminder that trustees cannot...
Australia’s age pension appears under increasing pressure. Seniors are living for longer while the workforce that pays the taxes that help fund pensions is a shrinking proportion of the population. It might worry people that the money tap will run dry, but finance specialists say the future of this vital government payment looks safe. They say the growing size of superannuation nest eggs will continue to ease the strain on the public purse, and future governments still have plenty...
AmInvestment Bank’s fund management arm, AmInvest was named Malaysia’s Best Pension Fund Manager by Asia Asset Management, an Asian asset management publication based in Hong Kong. The selection was made after a three-year and five assessment period of AmInvest’s management performance for its domestic pension mandates and Private Retirement Scheme (PRS) fund, the size of these mandates and returns against relevant benchmarks, as well as investor education initiatives undertaken. “Our ability to understand and anticipate the ever-changing market environment...
Las ganancias de las Administradoras de Fondos de Pensiones (AFP) cayeron 25.8 % en un año, provocado por un aumento de sus gastos. Aun así, el nivel de utilidades netas de estas empresas se mantuvo por encima de los 1,000 millones de pesos al cierre del primer trimestre del año. Así lo señala el reporte trimestral de la Superintendencia de Pensiones (Sipen), en el que se indica que registraron una ganancia de RD$1,020.2 millones entre enero y marzo de...
Saving money for retirement has never been easy for the average worker, but at least it was feasible. Until 2000 or so, it was a simple matter to put all your savings in CDs, Treasury bonds, or tax-free muni bonds and generate a steady income. Better yet, you could do this with no risk, just by keeping your money in FDIC-insured banks. This is not possible today due to low rates. Neither you nor a massive pension plan acting...
The National Pension Commission (PenCom), said it invested the accumulated N8.744 trillion pension assets in 24 different asset classes with federal government securities taking the lion share of 72.91 per cent of the total funds. A breakdown of this showed that federal government bonds which got 51.29 per cent share and investment in treasury bills got 20.40 per cent. PenCom, in a recent publication on its website stated that as at January 31,2019, other asset classes in...
Until recently, fund managers in Asia that talked about alternative risk premia (ARP) spoke mostly about Japan and Australia, rarely about the rest of the region and almost never about China. There, any such plans were usually described as work in progress. That began to change last year, with fund houses such as Ping An of China Asset Management (Hong Kong) launching in the sector. There have been some wobbles in the performance of ARP globally, but approaching the...
By Marco Micocci, Greg N Gregoriou, Giovanni Batista Masala As pension fund systems decrease and dependency ratios increase, risk management is becoming more complex in public and private pension plans. Pension Fund Risk Management: Financial and Actuarial Modeling sheds new light on the current state of pension fund risk management and provides new technical tools for addressing pension risk from an integrated point of view. Divided into four parts, the book first presents the correct measurement of risk...
