January 2025
13Jan

Europe’s top pension fund divests $585 million stake in Tesla

Europe's largest pension fund, Stichting Pensioenfonds ABP, has sold off its entire stake in Tesla (NASDAQ:TSLA) Inc., valued at $585 million, during the third quarter. The decision was influenced by several factors, including a disagreement over CEO Elon Musk's compensation package. Stichting Pensioenfonds ABP spokesperson stated on Sunday that the fund had issues with Musk's pay package. The decision to divest was also influenced by considerations of costs, returns, and responsible investment requirements. The Dutch newspaper Het Financieele Dagblad originally reported...

January 13, 2025
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13Jan

PensionBee Launches New Climate Plan to Help Customers Invest in Line With the Paris Agreement Goals

PensionBee, a leader in the consumer retirement market, has launched its new Climate Plan that sets a clear standard for climate-focused pensions. This plan not only excludes fossil fuel producers but also commits to continually reducing the total intensity of greenhouse gas (GHG) emissions produced by companies in the plan by 10% annually. So, even if the global economy uses more carbon over time, the Climate Plan will move in the opposite direction, always using less. Building on the success of...

January 13, 2025
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13Jan

Turkish Parliament set to discuss new bills, pensions

Parliament’s General Assembly will resume its weekly work on Tuesday with an agenda dominated by draft bills and a debate on pensions. Lawmakers will discuss the ruling Justice and Development Party’s (AK Party) bill for the establishment of the Turkish Justice Academy, an educational institution first of its kind for intra-judiciary training. The bill proposes the eligibility of judges and prosecutors with at least an eight-year career in the profession for assignment to the academy. The academy will also host...

January 13, 2025
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13Jan

US. Could climate change cost pensions 44 per cent?

Climate change is a complex financial risk. Its immediate impact on weather patterns and the various societal responses to a changing climate will influence GDP growth, inflation and ultimately, financial markets. An inaugural climate report released by Ortec Finance has found that Canadian pension funds are among the funds most vulnerable to climate change, second only to US pensions. Climate risk specialist at Ortec and author of the report Doruk Onal says Canadian pension funds are expected to experience profound...

January 13, 2025
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13Jan

Pension managers urge UK to ditch ‘megafund’ scale test

UK pension managers have objected to government plans to force the creation of a series of “megafunds”, arguing it could stifle competition and hamper investment returns. Fund managers say that the government should focus on optimising value for savers rather than applying an “arbitrary” scale test for pension funds that could discourage new market entrants and force some funds to merge with underperforming peers. The criticisms come after the government said last year defined contribution (DC) workplace pension schemes should consolidate...

January 13, 2025
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10Jan

Chile. Reforma de pensiones: establecen cronograma para despachar proyecto la próxima semana

Tras una serie de conversaciones y análisis, la Comisión de Trabajo y Previsión Social del Senado acordó un cronograma con el fin de despachar la reforma de pensiones. De este modo, se abrirá un plazo para presentar indicaciones hasta el lunes 13 de enero y luego proceder a votar las modificaciones entre miércoles 15 y jueves 16 de enero. Así lo dio a conocer el senador Juan Antonio Coloma (UDI), presidente de la instancia quien aseguró que “tenemos el compromiso...

January 10, 2025
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10Jan

The regions racing to become the “Silicon Valley” of an aging world

In 2018, when Inc. Magazine named Boston one of the country’s top places to start a business, it highlighted one significant reason: Boston is an innovation hub for products and services catering toward the aging population. The “longevity economy” represents a massive chunk of economic opportunity: As of 2020, the over-50 market contributed $45 trillion to global GDP, or 34 percent of the total, according to AARP and Economist Impact. What makes Boston such a good place to do business in aging? One important factor,...

January 10, 2025
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10Jan

US. What We Need to Do to Protect Retirees’ Financial Security

As Americans live longer, the challenge of safeguarding the financial well-being of older and vulnerable populations — particularly those facing cognitive decline — has grown more urgent. For retirees who have spent decades contributing to pension plans or hoping to manage their financial futures via 401(k) plans, the golden years should provide peace of mind. However, without proper protections in place, some of these people may be at risk of losing their financial security at the most vulnerable stage of life. As...

January 10, 2025
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10Jan

As US banks leave net-zero, are Canadian banks close behind?

  Canada’s largest banks are reconsidering their involvement in the Net-Zero Banking Alliance (NZBA), as reported by BNN Bloomberg. The alliance, established to promote climate financing, has recently faced several high-profile departures. US banks such as Goldman Sachs, Morgan Stanley, Wells Fargo, Bank of America, Citigroup, and JPMorgan Chase have withdrawn, citing increased Republican criticism of ‘woke’ capitalism and doubts about the effectiveness of voluntary measures in reducing greenhouse gas emissions. Royal Bank of Canada (RBC) and Bank of Montreal (BMO), two of...

January 10, 2025
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09Jan

México. SNTE celebra que Gobierno Federal atienda demanda de reforma a Ley del ISSSTE; buscan mejores condiciones para jubilación

El secretario general del Sindicato Nacional de Trabajadores de la Educación (SNTE), Alfonso Cepeda Salas, celebró que la presidenta Claudia Sheinbaum Pardo haya atendido una de las principales demandas de los trabajadores de la educación, como es la reforma a la Ley del ISSSTE, para mejorar las pensiones de quienes se van a jubilar. El dirigente magisterial recordó que el gremio tiene estructurados, con datos precisos, planteamientos para dignificar la pensión de los jubilados, mismos que se detallarán en una mesa conjunta con representantes...

January 9, 2025
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