News Archives - Page 236 of 953 - Pension Policy International

27FebFebruary 27, 2024

Ireland. The Two Main Reasons People Don’t Have A Pension

More than two-thirds of workers have some form of pension coverage outside of the State pension, the Central Statistics Office (CSO) has said. Of the 68% of workers aged 20-69 with additional pension coverage, 70% have an occupational pension, 10% have a personal pension and 20% have both, including 22% of men and 19% of women. For employees with occupational pensions from their current employment, the number with 'defined benefit' pensions decreased in 2023 from 32% to 30% while the number with 'defined...

February 27, 2024

NewsCoverage, Ireland

27FebFebruary 27, 2024

Uganda Parliament Pensions Scheme to Reduce Equity Investments in Kenya

By Kenyan WallStreet Uganda’s Parliamentary Pensions Scheme (PPS) is considering reducing its investments in Kenya due to macroeconomic challenges. The scheme’s total equity assets stand at UShs. 24 billion, out of which two percent is in Kenya. In its most recent financials, the scheme reported a gross investment income UShs. 55 billion and total assets of 425 billion. The growth in total assets marked a significant growth from UShs. 349 billion in 2021/2022 to Shs. 425billion in 2022/2023. “We…propose to reduce...

February 27, 2024

News, OP Ed, Op-EdInvestment, Kenya, Uganda

26FebFebruary 26, 2024

Investors trying to change the world: Why climate investing is so difficult

Responsible asset owners are preparing their portfolios for the climate transition, reducing holdings in companies with high emissions and pledging billions to climate investments. But climate proofing portfolios is proving one of the most arduous and complex challenges investors have ever faced. Like concerns that many of the underlying companies in their portfolios haven’t meaningfully reduced their emissions; or the fact investors know they need to continue to provide capital to hard to abate sectors yet the financial rewards for...

February 26, 2024

NewsClimate crisis, ESG, Investment, US

26FebFebruary 26, 2024

Global pension assets recover to pass US$55trn

Global pension assets rose by 11 per cent on aggregate to US$55.7bn in 2023, according to the Thinking Ahead Institute’s (TAI) latest Global Pension Assets Study. Its previous 2022 study measured the largest annual fall in global pension assets since the global financial crisis following a decade of uninterrupted growth. At the end of 2022, global pension assets stood at US$50.2trn. The UK overtook Canada to become the third largest pension market by total assets, which stood at US$3.2trn at the end of 2023. The...

February 26, 2024

NewsInvestment, Pension Management, UK

26FebFebruary 26, 2024

World Bank Urges Malaysia to Mandate Retirement Savings for Digital Platform Workers

In a world where the gig economy is not just an option but a necessity for many, the World Bank has cast a spotlight on Malaysia, urging the government to adopt a pioneering approach to safeguard its informal workers.At the heart of this recommendation is a call for mandatory contributions to retirement savings for those earning through digital platforms. This suggestion comes at a critical juncture, as the gig economy's productivity in Malaysia soared to RM1.33 billion in the third...

February 26, 2024

NewsInformal Sector, Malaysia, Pension design

23FebFebruary 23, 2024

U.S. public pension plans’ average funding ratio declines to 75.4% in 2023: survey

The average funding ratio for U.S. public pension plans declined to 75.4 per cent in 2023, compared to 77.8 per cent in the previous year, according to a new survey by the National Conference on Public Employee Retirement Systems. The report, which was based on responses from nearly 160 public pension funds with roughly US$2.3 trillion in combined assets under management, found the average return for plans was negative 1.9 per cent. The diminished investment returns were attributed to sharp declines...

February 23, 2024

NewsFunding, US

23FebFebruary 23, 2024

UK. TPR urges trustees to ‘take stock’ of wider ESG factors

The Pensions Regulator (TPR) has urged pension trustees to "take stock" and think about further developing their approach to managing wider environmental social and governance (ESG) risks and opportunities. In a blog post, TPR climate and sustainability lead, Mark Hill, noted that ESG disclosure reporting requirements have expanded, suggesting that this is a trend that looks set to continue as practices around wider sustainability factors, such as nature and social, develop. Whilst Hill acknowledged that climate reporting will already be business...

February 23, 2024

NewsESG, UK

23FebFebruary 23, 2024

Canada. CDPQ posts 7.2% return in 2023

Caisse de Depot et Placement du Quebec, Montreal, delivered a net return of 7.2% in calendar year 2023, slightly below the benchmark return of 7.3%. For the five-year period, CDPQ returned an annualized 6.4%, above the 5.9% of the benchmark, said a Feb. 22 release. Over the 10-year period, the annualized return was 7.4%, compared with 6.5% for the benchmark. As of Dec. 31, CDPQ's net assets totaled C$434 billion ($327.4 billion), up from C$402 billion at the end of 2022. In...

February 23, 2024

NewsCanada, Investment, Returns

22FebFebruary 22, 2024

UPS to drive $1.2 billion into U.S. pension plans in 2024

The shipping company disclosed its plans in its Feb. 20 10-K filing with the SEC. UPS previously contributed $1.2 billion to the U.S. pension plans in 2023 and $2 billion to the plans in 2022. As of Dec. 31, the actual allocation of the U.S. pension plans was 41.3% U.S. government fixed income, 16.2% corporate fixed income, 13.2% domestic large-cap equities, 11.6% private equity, 9.1% hedge funds, 7% international equities, 5.9% real estate, 2.3% cash and cash equivalents, 2.2% each emerging...

February 22, 2024

NewsOccupational Pensions, US

22FebFebruary 22, 2024

U.K. defined benefit universe continues to shrink – Pensions Regulator

The U.K.'s defined benefit and hybrid universe continues to shrink at a consistent rate, down 2% to 5,297 plans in 2023, while almost three-quarters of plans are now in surplus, according to The Pensions Regulator. Statistics show 73% of all DB pension plans are estimated to be in surplus on a funding basis, compared with just 50% the year before. The total deficit has also more than halved, reducing to £27.7 billion ($35.3 billion) from £63.6 billion. The percentage of DB...

February 22, 2024

NewsDefined Benefit, UK

February 2024