News Archives - Page 273 of 954 - Pension Policy International

09OctOctober 9, 2023

What’s wrong with private market valuations and why do UK pension funds care?

Britain's Financial Conduct Authority said last week a review of risks in markets for unlisted assets would check how valuations are being undertaken and whether any risks could spread into banking. WHY IS THE REGULATOR WORRIED? Stock markets and prices of government bonds have been hit by expectations of higher interest rates for a longer period than initially anticipated. Prices of private, unlisted assets have remained relatively high, raising questions about how valuations are conducted and if a reckoning is due. WHY...

October 9, 2023

News2023, Pension Management, Regulation, Risk, UK

09OctOctober 9, 2023

Why we often struggle to pivot from saving to spending

Here's the retirement quandary for many Americans. They spend years building good financial habits so, if all goes well, they have sufficient funds by the end of their working years. Then, when it’s time to transition, they often struggle in the shift from saving to spending their nest egg. The no-stress years suddenly become the all-stress years. "It's disappointing to get to your first couple of years of retirement, and just constantly be stressed out about your income generation strategy from...

October 9, 2023

News2023, Pension Payout, savings, US

09OctOctober 9, 2023

Kenya. Pension fund assets up Sh127bn on NSSF new rates

Pension fund assets rose by Sh127 billion in the first half of this year, boosted in part by the introduction of higher mandatory contributions to the National Social Security Fund (NSSF) and exchange gains on offshore investments. The 8.1 percent growth to Sh1.704 trillion was also boosted by new investments in Real Estate Investment Trusts (Reits), including the Sh6.92 billion Laptrust Imara Investment Reit (I-Reit) which was listed on the Nairobi Securities Exchange (NSE) in March. Read: Pension funds fail to...

October 9, 2023

News2023, Kenya, Pension Management, savings

06OctOctober 6, 2023

U.S. corporate pension funding rises in September on falling liabilities

U.S. corporate pension plan funding ratios increased in September despite a second straight month of negative market returns thanks to falling liability values, according to three new reports. Wilshire Advisors estimated the aggregate funding ratio of U.S. corporate plans increased 0.7 percentage points during the month to 105.3% as of Sept. 30. The increase was driven by the largest drop in liability values since September 2022 that resulted from the continued rise in U.S. Treasury yields, said Ned McGuire, managing director...

October 6, 2023

NewsFunding, Occupational Pensions, US

06OctOctober 6, 2023

Inflation concerns drive Asia-Pacific pension funds to alternatives

Pension funds in Asia-Pacific are planning to increase allocations to alternatives to hedge against inflation, but they lack the expertise and understanding to manage these assets in-house, according to a Cerulli Associates report. Between 2020 and 2022, these pension funds increased allocations to alternative assets by 28.4%, and are looking to outsource their alternative investments — particularly to hedge funds, private equity and private debt, according to The Cerulli Report — Asian Retirement Markets 2023: Building Security Against Uncertainty. Figures...

October 6, 2023

NewsAsia, Investment, Pension Management

06OctOctober 6, 2023

U.K. investors turn up the heat on boards for climate transition plans

Investors with a collective £1.8 trillion ($2.2 trillion) in assets told high-emitting FTSE 350 companies that they expect to see climate transition plans on the agenda at their next annual meetings. The 18 investors include the Local Authority Pension Fund Forum, CCLA Investment Management, Sarasin & Partners and Ethos Foundation. In letters to corporate chairmen at 35 companies, the investors said that for the past two years they asked the corporate boards to provide shareholders with the opportunity to vote on...

October 6, 2023

NewsClimate crisis, Investment, UK

05OctOctober 5, 2023

US. Social Security Will Not Provide Sufficient Retirement Income for Low-Wage Workers

Even with the benefit of Social Security checks, low-income workers fall considerably short of replacing their income in retirement, emphasizing a need for policymakers and plan sponsors to step in to help improve options, according to Vanguard’s newest research. By providing wider access to workplace retirement plans and implementing features like automatic enrollment and “under-saver sweeps,” policymakers and plan sponsors have an opportunity to help low-income workers address this shortfall. Delaying retirement and liquidating home equity are also strategies to...

October 5, 2023

NewsIncome, Social Security, US

05OctOctober 5, 2023

DB schemes’ sustainability reporting will be ‘ineffective’ without integrated approach

Defined benefit (DB) pension schemes have been warned they will lack the information needed to understand how nature- and climate-related risks impact them without an integrated approach to sustainability reporting. In a briefing note on Taskforce on Nature-related Financial Disclosures (TNFD), Hymans Robertson highlighted key actions asset owners should take to try and ensure successful TNFD reporting. TNFD published its final recommendations for nature-related risk management and disclosures in September. The recommendations aim to outline the relationship between nature, business and financial capital,...

October 5, 2023

NewsPension Management, UK

05OctOctober 5, 2023

Most regions more financially inclusive despite economic headwinds – Principal

Financial inclusion improved across most regions over the last year despite a challenging macroeconomic backdrop, with employers and governments providing their citizens with relevant tools, services and guidance. Principal Financial Group's annual research ranks the financial inclusivity of markets based on the support provided by employers, governments and the financial system. The ranking for the Global Financial Inclusion Index is produced alongside the Centre for Economics and Business Research. Singapore retained the top spot in the ranking, with Hong Kong in second place...

October 5, 2023

NewsFinancial Inclusion

05OctOctober 5, 2023

9 million Ghanaian workers without pension – NPRABY

About nine million people working in the country without any form of pension risk slumping into retirement without income security, the Head of the Corporate Affairs of the National Pensions Regulatory Authority (NPRA), Nana Sifa Twum, has stated. He said that between the next five and 10 years, the working individuals without any form of pension would retire poor and become a liability on their families and society if the situation was not addressed. Nana Twum who stated this in an...

October 5, 2023

NewsCoverage, Ghana

October 2023