News Archives - Page 283 of 954 - Pension Policy International

06SepSeptember 6, 2023

Pension fund CPF eyes stake in Africa Finance Corporation

Pension fund CPF Financial Services is set to make an equity investment in the Africa Finance Corporation (AFC) as it seeks to diversify its investments from traditional asset classes. CPF managing director Hosea Kili made the revelation on Monday even as he remained tight-lipped on the value of its proposed investment in the pan-African lender. “We will discuss the details of the investment including the value of the equity with our fund managers in due course. This is part of our...

September 6, 2023

NewsAfrica, Investment, Pension Management

06SepSeptember 6, 2023

Pension Funds Want ESG Ratings ‘Oligopoly’ Broken by EU

Europe’s pensions industry wants regulators to end the dominance of some ESG ratings firms, amid concerns that the existing market dynamic is hurting competition and driving up prices. The absence to date of regulatory controls has enabled the “dominance of major players,” which has “negatively impacted smaller entities,” PensionsEurope said in a hearing response to the European Commission. That’s “led to higher prices, barriers to entry, reduced market competition and limited innovation,” it said. The EU’s executive arm proposed a major crackdown of the...

September 6, 2023

NewsESG, EU, Regulation

06SepSeptember 6, 2023

U.S. corporate pension plan funding ratios down slightly in August

U.S. corporate pension plan funding ratios dipped slightly in August, but they still remain well above 100%, according to three new reports. Legal & General Investment Management America estimated the average funding ratio of the typical U.S. corporate pension plan fell to 103.6% as of Aug. 31 from 104.9% a month earlier. In its latest monthly Pension Solutions Monitor, LGIMA said the estimated average funding ratio rose despite liability values dropping, because both global and domestic equities suffered weak performance during August. The...

September 6, 2023

NewsFunding, Occupational Pensions, US

05SepSeptember 5, 2023

Raise pension contributions to combat UK capital market decline, says think-tank

Higher minimum contributions to pension schemes and turning the regulatory screw would help plug shortfalls in retirement income and reverse shrinkage in Britain's capital market, think-tank New Financial said in a report on Tuesday. A welter of regulatory reforms to bolster London's capital market and boost the flow of money from pensions into investments is a good start, but more is needed to avoid pensioners having too little to live on, said New Financial CEO William Wright. "This isn't something that...

September 5, 2023

NewsContributions, System sustainability, UK

05SepSeptember 5, 2023

Australian regulator warns pension funds

Australian pension funds need to improve how they value private equity, the sector’s regulator said on Monday after a review into the sector’s treatment of Canva, an Australian technology start-up whose lofty valuation tumbled in 2022. Sydney-headquartered software firm Canva hit a peak valuation of $40bn in late 2021, only to be revised sharply lower to $25.5bn last August amid a downturn in technology stocks. Major funds including Aware Super and Hostplus were investors. The Australian Prudential Regulation Authority (APRA) on...

September 5, 2023

NewsAustralia, Investment, Regulation

05SepSeptember 5, 2023

US. What Public Pensions Could Do for Private-Sector Retirees

Once upon a time, before the era of 401(k) plans and takeover capitalists eviscerating many company pension funds, defined-benefit pension plans were America’s primary supplement to Social Security. Back then, the actuarial assumptions were generally reasonable, even for the public pension systems, before some of the latter strayed down the path of unsustainable benefits promises and fishy math. Needless to say, times have changed, and nowadays the vast majority of Americans have very few guarantees of lifetime income other...

September 5, 2023

NewsLongevity, savings, US

05SepSeptember 5, 2023

UK. One in five cut back or axe pension saving – risking a poorer retirement

One in five people have cut pension contributions or stopped saving for retirement due to tighter household budgets, research reveals. Men, younger people and higher earners are the most likely to have pared back or axed pension contributions altogether, despite the serious damage this inflicts to their long term finances. Inflation also means people need to save up even bigger pensions than ever to fund a decent old age. Some 14 per cent of people have stopped saving into their pension and 8...

September 5, 2023

NewsInflation, savings, UK

04SepSeptember 4, 2023

US. Biden’s pension relief flows to IG bonds

A large part of this infusion is making its way into the bond market this year, either in the form of investments in highly rated corporate paper or US Treasury debt. “A lot of money is coming from the pension relief provided by the government,” said a senior DCM banker. The Special Financial Assistance programme is intended for so-called Taft-Hartley pension plans, such as those run by labour unions like the Teamsters, which represents millions of truck drivers and delivery workers...

September 4, 2023

Newssavings, US

04SepSeptember 4, 2023

UK. ‘Real risk of new generation of pension inequality if action not taken’

There is a “real risk” of a new generation of pension inequality emerging if further action is not taken, according to new research. Government, employers and the pensions industry need to act, the report from consultants LCP (Lane Clark & Peacock) said. The Government should take further steps to reduce the inequalities which arise following the birth of a child, including effective policies on shared parenting and greater provision of support for childcare for the youngest children, the report said. Employers should...

September 4, 2023

NewsEquality, Gender Gap, UK

04SepSeptember 4, 2023

7 Expenses Most Likely To Drain Your Retirement Savings: How To Plan for Each One

You’re going to spend a good portion of your life working and saving for retirement. Once you reach that milestone, you want to feel confident that your nest egg is big enough to cover your needs in your golden years. As you’re planning for retirement, it’s important to anticipate some of the costs that could eat into your savings. Here are seven expenses that can drain your retirement savings — and how to plan for them. Healthcare Even with Medicare, out-of-pocket healthcare expenses can...

September 4, 2023

NewsRetirement Planning

September 2023