January 2025
17Jan

U.S. DB pension payouts generating US$1.5 trillion in economic output: report

In 2022, U.S. retiree spending — driven by private and public sector defined benefit pension payouts — generated US$1.5 trillion in total economic output and supported 7.1 million jobs, according to a new report by the National Institute on Retirement Security. It found in addition to the impact on employment and economic activity, DB pension payouts added $224.3 billion in tax revenue at the federal, state and local levels. The report noted $680.6 billion in pension benefits were paid to 26.3...

January 17, 2025
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17Jan

Some British local government pension schemes object to UK pooled fund plans

 Almost a third of Britain's local government pension schemes object to UK plans to consolidate more of their assets into pooled funds, saying the plans raise the potential for poor investment returns, adviser Hymans Robertson said on Thursday. The UK government wants to increase pooling of local government assets, opens new tab to boost domestic pensions investment in British companies, including start-ups, because it sees larger pooled funds as better placed to make such investments. Under the proposals, schemes would be...

January 17, 2025
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17Jan

Advocates claim high-risk gas assets are liabilities for pensions

Adam Scott believes pension fund managers who invest in gas are in trouble. Particularly, those who think high-risk gas assets can be saved by hydrogen. This might come as a shock because pension fund managers have long seen gas infrastructure as a low-risk investment. Historically, regulated gas assets offered stable returns and seemed to be a safer, lower-carbon option compared to other fossil fuels. But Scott, executive director at Shift Action for Pension Wealth and Planet Health, says these...

January 17, 2025
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16Jan

The gap is widening between super-ageing and youthful populations. Experts explain the implications

The World Health Organization defines “super-ageing” societies as countries with more than 20% of their population over the age of 65 years old. From pension crises to labour shortages, super-ageing societies pose a global economic and labour market risk over the next decade and beyond, even for countries still benefiting from their demographic dividend. The World Economic Forum’s Global Risks Report 2025, highlights these concerns. With that in mind, we asked our in-house experts the following question: Global demographic divergence is expected to...

January 16, 2025
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16Jan

Bank of England warns billions of pounds in UK pension pots at risk

The UK's main financial regulator has told insurance companies it can foresee an "endemic risk" in using insurance cash from foreign companies to pay out pensions. In an advisory notice sent out to insurance companies last week the Bank of England said it was concerned about an increase in the growing use of a type of insurance known as funded reinsurance. Gareth Truran, executive director and Shoib Khan director, said there was a risk with this type of funding and that...

January 16, 2025
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16Jan

​Sweden. KPA calls for action on pensions investment in local climate adaptation

KPA Pension, which manages pensions for local authorities, said action needs to be taken to improve the framework for pension funds to invest in climate change preparedness in Sweden, arguing that most scheme members favour their savings being invested in that way. The SEK300bn (€26bn) pension fund, a subsidiary of pensions and insurance group Folksam, published a report on Friday on Sweden’s need to undergo the green climate transition, adapt society to a changing climate and to build civil preparedness...

January 16, 2025
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16Jan

CPP Investments enters joint venture with Brazil’s largest residential real estate developer

Canada Pension Plan Investment Board (CPP Investments) has entered a joint venture with Cyrela Brazil Realty (Cyrela), Brazil's largest residential real estate developer. The agreement targets the development of residential condominiums in São Paulo, Brazil's largest city, with Cyrela's fund management subsidiary, Cy.Capital, serving as the manager of the investment vehicle. The partnership has established an investment target of $400m, split equally between CPP Investments and Cyrela. The venture aims to deliver over $1.44bn in potential sales value in the coming...

January 16, 2025
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15Jan

French PM to review Pension Reform

French Prime Minister Francois Bayrou said Tuesday his government will focus on stability, dialogue and profound reforms, especially on pensions. In his general policy speech, Bayrou emphasized the urgency of reducing France's historic public debt and achieving financial stability. "France has never been as indebted as it is today," he noted. To reduce the deficit to 5.4 percent of GDP by 2025 and further to around 3 percent by 2029, Bayrou urged all ministries to implement profound reforms. He announced plans...

January 15, 2025
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15Jan

Torsten Bell named new UK pensions minister

Torsten Bell has been appointed as the new pensions minister for the UK government in yet another quickfire change to the line-up of people responsible for this important and complex area. Bell’s appointment follows the resignation of Tulip Siddiq as Economic Secretary to the Treasury yesterday (14 January) over an anti-corruption investigation in Bangladesh. Consequently, the previous pensions minister, Emma Reynolds, was appointed as the new Treasury minister, leaving the pensions role vacant for Bell. Kate Smith, head of Pensions at Aegon...

January 15, 2025
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15Jan

One in five take cash from pension at earliest opportunity: L&G

One if five pension savers who withdrew a cash lump sum from their pension did so as soon as they turned 55.  The figures from Legal & General, show that a significant proportion of people are accessing their pensions at the earliest opportunity, with the vast majority failing to seek advice on the potential financial consequences of this action. More worrying almost half (46 per cent) of those accessing this money at the earliest opportunity said the took these funds “because...

January 15, 2025
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