December 2022
02Dec

Senior living inflation is skyrocketing in some parts of the U.S. These states lead the way

Seniors have been feeling the repercussions of inflation. Those 55 and older have had to cut back on health visits and meals—some limiting the heat in their homes—in order to save money this year, according to a new report. The report released last month by Paying For Senior Care, which provides financial information for the aging population, examined how inflation affects seniors’ daily lives. The report, which surveyed 1,000 U.S. adults ages 55 and older, found one in four have...

December 2, 2022
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02Dec

Sustainable change needs to happen from the inside out. Here’s why that needs investment

Today, the number of impact-driven startups and scale-ups with noble intentions of improving the planet are plentiful, as are their ideas for clean alternatives to dirty technologies and innovations. But unfortunately, many of these ideas are simply reinventing what already exists, whether it be a product, supply chain or distribution system. Moreover, many are trying to reinvent all those things in parallel. These attempts sometimes fail to consider what competitors are already doing out there and don't take a holistic...

December 2, 2022
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01Dec

Maintaining reform momentum is essential to strengthen pension systems, says OECD

The current financial and economic uncertainty, as well as the rising cost of living, may lead policy makers, regulators and supervisors to postpone reforms that could improve their pensions systems. However, delaying needed reforms would put at risk the well-being of current and future pensioners. Policy makers should continue to improve pension systems, according to a new OECD report. The OECD Pensions Outlook 2022 says that pension arrangements in which retirement savings are invested to accumulate assets that will finance...

December 1, 2022
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01Dec

These are the best countries to retire in

Our global population is getting older. By 2050, the OECD predicts that 30% of people worldwide will be aged 65 or over. While some countries are relatively prepared to handle this increase in the elderly demographic, others are already feeling the squeeze and struggling with the challenges that come with a rapidly aging population. Which countries are the best equipped to support their senior citizens? This graphic uses data from the 2022 Natixis Global Retirement Index to show the best countries...

December 1, 2022
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01Dec

US. Corporate pension buyouts reach $26 billion in Q3 — LIMRA survey

U.S. corporate pension plan buyout sales totaled $26.1 billion in the quarter ended Sept. 30, the highest volume for a third quarter, a LIMRA survey found. It also brings the year-to-date volume of buyout sales to $41 billion, breaking the previous annual record of $36 billion in 2012 in just the first three quarters of the year. LIMRA projects the total volume for 2022 will exceed $50 billion. The third quarter was highlighted by the second-largest U.S. pension buyout transaction in...

December 1, 2022
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01Dec

Would Boric’s Plan Strengthen Chile’s Pension System?

Chilean President Gabriel Boric on Nov. 2 unveiled his long-planned proposed reform of the country’s pension system. If lawmakers approve it, the reform would do away with the country’s existing private pension managers, known as AFPs, and would also require employers to pay an additional 6 percent of their workers’ wages to a publicly run social security system. How likely is the reform to win congressional approval, and what changes might lawmakers make to it? What are the most...

December 1, 2022
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01Dec

Canada Pension Plan funds war and climate change

The Canada Pension Plan (CPP) manages $539 billion on behalf of over 21 million working and retired Canadians, making it the seventh largest pension plan in the world. The CPP Investment Board (CPPIB) however is accountable first and foremost to the federal and provincial governments, not the contributors and beneficiaries. A webinar  “What is the CPPIB Really Up To?” was hosted earlier this year by the Canadian Foreign Policy Institute, Just Peace Advocates, World BEYOND War and several other organizations....

December 1, 2022
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01Dec

China to launch commercial pension scheme in 10 regions from January

China will launch a commercial pension scheme along with insurance firms in 10 provinces and municipalities from Jan. 1, as Beijing develops its third pillar pension system to help its large ageing population. The scheme will supplement the private pension plan launched last week in 36 cities, allowing individuals to open retirement accounts with banks and buy financial products. Under the latest scheme, customers can open accounts at the insurance firms and invest in pension products offered by the companies, the...

December 1, 2022
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November 2022
30Nov

UK. Sustainability in pension scheme strategies improve but still room for improvement on disclosures, XPS Pensions Group analysis finds

The pensions consultancy reviewed climate disclosures of 12 large pension schemes with £320bn in assets under management, made in line with TCFD guidance These are the first round of such disclosures to be published after doing so was made mandatory for schemes with over £5bn, in October 2021. The review found that 11 of the 12 schemes reviewed have targets in place linked to Net Zero or Paris Agreement Alignment, with the majority of these committing to meet that standard...

November 30, 2022
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30Nov

US. Amid FTX fallout, public pension fund defends its big bet on crypto-related holdings

As investors scramble to assess the fallout from the bankruptcy of cryptocurrency exchange FTX and the general price collapse of bitcoin and other digital currencies, a public pension fund is standing by its hefty commitment to crypto-related holdings. The Fairfax County Police Officers Retirement System, a defined-benefit pension plan covering law-enforcement officers in the sprawling northern Virginia county, has over 7% of assets invested in crypto-related holdings, according to a person familiar with the fund, spread across venture capital and...

November 30, 2022
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