News Archives - Page 261 of 954 - Pension Policy International

21NovNovember 21, 2023

Britain to launch growth funds to attract pension pot cash

The British Business Bank (BBB) will set up a new fund for pension schemes and asset managers to invest in growth companies, part of wider reforms to unlock savers' cash to boost the economy, the UK finance ministry said on Tuesday. Britain wants to encourage pension schemes to switch from a heavy focus on bonds and global blue chips to putting a portion of their cash in UK growth companies, a step it says would help improve returns for investors. The...

November 21, 2023

NewsInvestment, Regulation, UK

21NovNovember 21, 2023

German government to make pension funds join dashboard

The German government is preparing an ordinance to make pension funds exchange data with the pension dashboard – Digitale Rentenübersicht – by the end of next year, said Imke Petersen, head of the Zentralen Stelle für die Digitale Rentenübersicht (ZfDR), the unit within the first pillar manager Deutsche Rentenversicherung responsible for designing the platform. “On 31 December 2024 all pension funds will have not only to be registered with us, but also will be able to deliver [data],” Petersen said,...

November 21, 2023

NewsGermany, Pension Management, Regulation

21NovNovember 21, 2023

Baby boomers are the least likely cohort to seek financial advice: study

Professionals offering personalized financial advice have emerged as a key reverse mortgage industry referral partnership. Still, a new study illustrates that older Americans are the most reticent to seek it out according to a new study conducted by Charles Schwab. Operating from a data set consisting of 1,000 401(k) plan recipients between the ages of 21 and 70, only 62% of baby boomers indicated they would like personalized investment advice for their retirement accounts. The positive response rate increases for each successive generation:...

November 21, 2023

NewsBaby Boomers, Financial Literacy

21NovNovember 21, 2023

IBM reopening pension plan turns industry heads

When it comes to dealing with an overfunded frozen pension plan, International Business Machines is putting into action what some of its peers are thinking about. The company recently confirmed that it will cancel its defined contribution plan company match and replace it with a component within its IBM Personal Pension Plan, a defined benefit plan, on Jan. 1. The 401(k) match is 5% of an employee’s salary. The IBM 401(k) Plus Plan had $53.2 billion in assets as of Dec....

November 21, 2023

NewsFunding, Occupational Pensions, Pension Management

17NovNovember 17, 2023

US Pension Risk Transfer Market Expected to See $10 Billion In Q3 Deal Volume

Legal & General Retirement America (LGRA), a leading provider of pension risk solutions in the United States, today released the Q3 2023 edition of the US Pension Risk Transfer Monitor, which analyzes industry trends and market outlooks in the US. Following the largest first half on record for the US Pension Risk Transfer (PRT) market at $22.5 billion in deal volume, the Monitor reports an expected $10 billion in Q3 PRT market volume. While this is a decrease from last...

November 17, 2023

NewsPension Management, Risk, US

17NovNovember 17, 2023

Knowledge Of ESG, Integration and Greenwashing Remains Low

Determining how best to incorporate environmental, social and governance factors across the investment portfolio continues to be a challenge for institutional investors, said Bonnie Treichel, founder and chief solutions officer at Endeavor Retirement, during the “Surveying the Landscape” session of CIO’s ESG livestream this month. Not Just a Label “How do people really understand this?” Treichel asked. “It’s really hard, because a lot of times, I’ll ask the question about ESG and an investment lineup, and the perspective that I hear...

November 17, 2023

NewsESG, Investment, Pension Management, UK

17NovNovember 17, 2023

Bulgaria Boosts Minimum Pension to BGN 580

A significant shift in Bulgaria's pension landscape is on the horizon, as the minimum pension for service and age is slated to surge by 11% under the Swiss rule, reaching BGN 580 starting July 1, 2024. Alongside this increase, widow's supplements are also expected to see a rise, as per insights from "Sega." Effective January 1, there's an uptick in the maximum insurance income to BGN 3,750, marking a nearly 10% rise. However, the pension ceiling remains unchanged, capped at...

November 17, 2023

NewsAdequacy, Bulgaria, Income

17NovNovember 17, 2023

Japan to curb pension benefit increases for 2nd straight year

Japan is expected to curb the increase in national pension payouts for the second year in a row using an adjustment that reduces benefits when compared against rising consumer prices, Nikkei has learned. Benefits will grow by an estimated 2.6% in fiscal 2024, leaving recipients somewhat worse off after inflation. Public pension benefits in principle rise along with inflation and wage growth so that pensioners can maintain purchasing power. But the number of pensioners is swelling while the working population shrinks, putting strain on the...

November 17, 2023

NewsAging, Income, Japan

16NovNovember 16, 2023

U.S. public pension funding dips again in October – Milliman

The overall estimated funding ratio of the 100 largest U.S. public pension plans declined for the third month in a row in October, once again due to negative market performance, according to the Milliman 100 Public Pension Funding index. The estimated ratio fell to 71.4% as of Oct. 31 from 73.2% a month earlier, driven by an estimated aggregate investment return of -1.9% during the period, with an estimated range of -2.8% to -1.1%. With the third straight month of negative...

November 16, 2023

NewsFunding, Public Pensions, US

16NovNovember 16, 2023

UK pension regulator outlines challenges and plans for scheme transformation

Louise Davey from The Pensions Regulator (TPR) addressed the complex issue of pension decumulation during an ABI webinar Today. She outlined TPR's strategy to transform UK pension schemes into full-service providers that support savers from the accumulation phase through to retirement. Davey highlighted the limitations of current trust-based pension schemes and underscored TPR's support for the Department for Work and Pensions (DWP) proposal to mandate these schemes to offer decumulation products and services. She emphasized the evolution of the UK...

November 16, 2023

NewsRegulation, supervision, UK

November 2023