News Archives - Page 278 of 966 - Pension Policy International

02NovNovember 2, 2023

World’s Largest Pension Fund Posts $4.5 Billion Quarterly Loss

Japan’s state pension fund, the world’s largest, posted a loss of ¥683.2 billion ($4.5 billion) on total assets during the three months through September as its holdings of domestic debt slumped by a record. The Government Pension Investment Fund lost 0.3% during the quarter, the fund said in Tokyo Thursday. Total assets rose slightly to ¥219.32 trillion due to a transfer of funds from the government’s account that manages its pension, according to a spokesperson. Domestic bonds lost 2.7%, the...

November 2, 2023

NewsInvestment, Japan, Pension Managementt

02NovNovember 2, 2023

US. Fed keeps interest rates unchanged

For the second consecutive meeting, Federal Reserve officials on Nov. 1 held interest rates steady as the central bank aims to quell inflation without overcooling the economy. The Federal Open Market Committee left the federal funds rate unchanged at a range of 5.25% to 5.5% following its two-day meeting. Since March 2022, the Fed has raised the funds rate, which is now at its highest level since 2001, 525 basis points. "Given how far we have come, along with the uncertainties...

November 2, 2023

NewsPublic Policy, US

02NovNovember 2, 2023

UK must seize DC pension learning opportunities to address decumulation challenges

Defined contribution (DC) pensions provide new opportunities to address retirement income challenges, but the UK can take lessons from countries with more developed DC pension systems to improve member outcomes, according to a Pensions Policy Institute (PPI) report. The PPI’s latest research report noted that while the UK had the second largest stock of pension assets in 2021, it was some way behind Australia, the US and Canada on the path to a fully formed DC system. It also warned that...

November 2, 2023

NewsDefined Contribution, UK

02NovNovember 2, 2023

Study finds lack of financial planning leads to higher risk of death

People who don’t plan financially for their future have an increased risk of dying prematurely, according to new University of Colorado Boulder research. The research found that procrastinating financial planning for the future isn’t only bad for the wallet, it can affect life expectancy. The study analyzed data from thousands of older adults living in the U.S. and England, according to a release. The two groups were asked about their planning horizons on spending and saving. The researchers later checked government...

November 2, 2023

NewsLongevity, Retirement Planning

01NovNovember 1, 2023

UK household wealth has tanked and it’s a sign of what could happen in the US

Household wealth in the UK has fallen sharply over the last two years in part thanks to high interest rates, and the factors that led to the drop suggest a similar scenario could be heading for the US. New research from the think tank Resolution Foundation found that median household wealth in the UK fell 21% from the start of 2022 through the third quarter of 2023, representing a loss of £2.2 trillion (US$2.7 trillion). The fall is due, in large...

November 1, 2023

NewsInvestment, UK, US

01NovNovember 1, 2023

Canada Pension Plan Increases Green, Transition Investments by 20% to C$79B

The C$575 billion ($416.4 billion) Canada Pension Plan Investment Board’s investments in green and transition assets rose 20% to C$79 billion, as of March 31, from C$66 billion at the same time in 2022, according to its “2023 Report on Sustainable Investing.” The pension giant, which aims to invest at least $130 billion in green and transition assets by 2030, also announced it has reached carbon neutrality for internal operations for scope 1, 2 and 3 emissions sources for fiscal...

November 1, 2023

NewsCanada, ESG, Investment

01NovNovember 1, 2023

UK: Pensions Dashboards: Connecting The Pots

For the first time, members will have information about all their pension savings, including their State Pension, in one place. Pensions Dashboards will be a catalyst for change across the pensions industry. Are you ready? At WTW, we believe a key part of Pensions Dashboards being effective and successful is ensuring that they form part of an engagement and education framework. For pension scheme trustees and sponsoring employers, there are benefits to a powerful Dashboard framework and risks associated with...

November 1, 2023

NewsOperations, UK

01NovNovember 1, 2023

UAE’s new end-of-service savings scheme for private and free zone workers begins

The UAE government's new savings retirement plan for employees in the private and free zone sectors to invest their end-of-service benefits and build long-term wealth takes effect from today and does not have a minimum salary requirement, the Ministry of Human Resources and Emiratisation said on Wednesday. The Voluntary Alternative End-of-Service Benefits Savings Scheme, which was announced by the UAE government in September, is not mandatory but will require employers to register with the ministry if they choose to take part in the plan. For full-time employees...

November 1, 2023

NewsPension design, UAE

31OctOctober 31, 2023

US department of labor announces proposed rule to protect retirement savers’ interests by updating definition of investment advice fiduciary

The U.S. Department of Labor today announced that its Employee Benefits Security Administration has proposed a retirement security rule updating the definition of an investment advice fiduciary under the Employee Retirement Income Security Act. Aligned with the Biden-Harris administration’s efforts to protect retirement investors, the proposal would require trusted investment advisers to adhere to high standards of care and loyalty when they make investment recommendations and avoid recommendations that favor their financial and other interests at the expense of retirement savers. The updated...

October 31, 2023

NewsInvestment, savings, US

31OctOctober 31, 2023

UK trustees should challenge advisors but government needs to lead change

Around £1.2 trillion of UK pension fund assets lies in around 5,000 defined benefit schemes that primarily invest in Gilts and corporate bonds. With a suite of initiatives, the government is attempting to get the country’s fragmented DB (and DC) pension sector to invest more in illiquid assets and help fuel economic growth, as well as exploring how to consolidate these funds into larger pools. The biggest UK pension funds like Railpen, Nest and LGPS already invest in alternatives and nine...

October 31, 2023

News, UncategorizedPension Management, Regulation, UK

November 2023

World’s Largest Pension Fund Posts $4.5 Billion Quarterly Loss

US. Fed keeps interest rates unchanged

UK must seize DC pension learning opportunities to address decumulation challenges

Study finds lack of financial planning leads to higher risk of death

UK household wealth has tanked and it’s a sign of what could happen in the US

Canada Pension Plan Increases Green, Transition Investments by 20% to C$79B

UK: Pensions Dashboards: Connecting The Pots

UAE’s new end-of-service savings scheme for private and free zone workers begins

October 2023

US department of labor announces proposed rule to protect retirement savers’ interests by updating definition of investment advice fiduciary

UK trustees should challenge advisors but government needs to lead change