December 2023

España. Economía.- El 84% de las gestoras considera “prioritario” recuperar los límites de aportación a los planes de pensiones

  El 84% de las gestoras de planes de pensiones en España considera "prioritario" recuperar los límites de aportación a planes individuales, situados en los 8.000 euros al año, según los datos de la XIV encuesta sobre planes de pensiones elaborada por el Observatorio Inverco y divulgada este lunes. La patronal del sector ha resaltado además que el 52% de las entidades encuestadas considera que el ahorro a largo plazo perdido durante estos tres años -desde que comenzó el proceso de...

The Largest U.S. Pension Fund Just Rolled Out A Climate Transition Plan Focused On Risk And Opportunity

There are times when an established company, an investor, a startup makes a move that is so strategic—so in tune with the risks and the opportunities of the moment—that it marks the shift between the market’s past and its future. We recently witnessed that moment. In a bold step tailored to meet the existential challenges and colossal financial risks of a warming climate and harness the massive opportunities of the shift to a new clean economy, California Public Employees' Retirement System...

Almost a third of UK adults unaware of old pension pots

Almost a third of adults in the UK suspect that they may have a pension pot that they are either unaware of or have not considered before. Research carried out by Opinium for the fintech company Gretel found that 30 per cent of respondents believe they may be in the dark about some of their pension savings. Almost three in 10 UK adults also believe they have at least one lost or dormant investment vehicle, bank account, child trust fund or...

Dutch pension fund PMT sells most fossil fuel holdings

Pensioenfonds Metaal & Techniek (PMT) has divested from 40 oil and gas companies, but remains invested in nine companies with “sufficiently convincing plans” for the energy transition and carbon reduction. All of the retained companies are headquartered in Europe. Over the past two years, the pension fund had asked all companies in the oil and gas sector in which it invests to commit to the Paris Agreement and set sufficiently ambitious and substantiated CO2 reduction targets. Forty of those companies could not meet...

México. Afore Sura interesada en financiar compra de plantas de Iberdrola, pero debe ‘indagar a fondo’

Afore Sura está interesada en financiar la compra de las 13 plantas que Iberdrola acordó vender al gobierno mediante el fondo privado Mexico Infraestructure Partners (MIP), aunque aún debe analizar a profundidad la información de los activos y trabajar en los términos y condiciones del acuerdo. “Tiene que estar muy clara la seguridad jurídica a largo plazo, los economics de los intermediarios que participan para la administración de este CKD tienen que quedar muy claros también”, dijo el director de la Administradora de Fondos para el...

Meeting multiple objectives: The pension fund addressing mental health

With the right governance models pension funds can play a role in broader societal issues, such as mental health in the workplace, while still delivering financial security for members. A unique “democratic governance structure” at the Danish Velliv Association allows it to manage multiple objectives – delivering value to members and focusing philanthropic efforts on mental health in the workplace –  chief executive Lars Wallberg told delegates at the Sustainability in Practice conference at Oxford University. The commercial Danish pension...

November 2023

México. Jueza suspende extinción de fideicomisos que otorgaban pensiones complementarias a magistrados

El magistrado Froylán Muñoz Alvarado consideró “histórica” la decisión de la jueza Elizabeth Trejo Galán, quien concedió una suspensión definitiva en el juicio de amparo 1754/2023 contra el decreto legislativo que busca extinguir los Fideicomisos del Poder Judicial de la Federación. En entrevista para Aristegui En Vivo, Muñoz Alvarado destacó la singularidad de este caso, el cual, señaló, se convierte en un desafío para la estabilidad financiera del Poder Judicial de la Federación. “Estamos en esa circunstancia de un decreto legislativo...

El desempleo en Chile continúa al alza y llega al 8,9% en el trimestre agosto-octubre

El desempleo en Chile se ubicó en 8,9% en el trimestre móvil agosto-octubre, según la Encuesta Nacional de Empleo, dada a conocer este miércoles por el Instituto Nacional de Estadísticas (INE). La cifra supone un incremento de 0,9 puntos porcentuales en 12 meses, la duodécima alza consecutiva. El avance, según el INE, se debe a que el aumento en la fuerza de trabajo (3,1%) fue mayor al registrado en las personas ocupadas (2,1%), por lo que el mercado no...

UK. Stop funding fossil fuels, ‘The Crown’ star urges pensions in ad

It's a curious combination: celebrities and pension funds. Rarely do the two mix, but when they do, they often make the news. A new advert, launched earlier this week, featuring Oscar-winning actress Olivia Colman, called on UK pension members to lobby their funds to cut fossil fuels investments. “The cash from your pensions has helped us dig, drill and destroy more of the planet than ever before,” she says in the advert. Posted on YouTube and the group’s website, among other platforms,...

US. Corporate Pensions are Looking to Make Changes to Liability-Driven Investment Allocations

A new study commissioned by Franklin Templeton and conducted by Coalition Greenwich reveals corporate pension plans are signaling changes to their liability-driven investment (LDI) approaches in the current interest rate environment. The first dedicated Corporate Defined Benefit (DB) LDI research in over five years marks a distinct inflection point in pension plan management strategy and LDI approaches of the top US Corporate DB plans. “We have seen a dramatic shift in the funding ratio over a short period of time...