News Archives - Page 291 of 981 - Pension Policy International

09NovNovember 9, 2023

UK pensions minister urged to encourage schemes to invest in sustainability

LCP and Pensions for Purpose have written an open letter to UK pensions minister Laura Trott calling for investment in social and environmental sustainability and for intergenerational inequality to be at the heart of planned pension reforms. In July’s Mansion House speech, the chancellor of the exchequer Jeremy Hunt introduced a number of measures aimed at unlocking the growth potential of UK defined benefit (DB) schemes. LCP and Pensions for Purpose are urging the government to encourage pension schemes to invest more in areas...

November 9, 2023

NewsESG, Investment, Regulation, UK

09NovNovember 9, 2023

Solid returns can be found in today’s high-risk environment, investors say

Despite a challenging macro environment, there are opportunities to be found in inflation-linked bonds, the energy transition, artificial intelligence, and life sciences, said top executives at some of the world's largest investment managers during the Bloomberg New Economy Forum. Ten-year Treasury Inflation-Protected Securities currently offer real yields of 2.5%, said Lim Chow Kiat, chief executive officer at Singapore sovereign wealth fund GIC. Higher asset yields are generally good for long-term return, he added while speaking on a panel at the...

November 9, 2023

NewsInvestment

09NovNovember 9, 2023

Dutch pension funds fear ‘ill-fated idea’ to grandfather accruals

Agnes Joseph, an actuary for Achmea and a member of parliament (MP) candidate for the NSC party, is leading the proposal to make it easier to keep accruals in the current DB system – a plan that was unveiled last month when NSC published its election manifesto and discussed extensively on Monday during an election debate organised by IPE’s sister publication Pensioen Pro. According to Joseph, who is the NSC spokesperson for pensions, DB pensions should only be converted to DC if pension...

November 9, 2023

NewsNetherlands, Pension Management

08NovNovember 8, 2023

U.S. Treasury to propose rule to ban investment on China’s tech

Deputy Treasury Secretary Wally Adeyemo said Nov. 7 the Treasury Department hopes to propose a rule "in the coming weeks" to implement the president's executive order prohibiting investments in certain Chinese technology sectors. "I think the president and his counterparts across the G7 have made very clear that our goal is not to decouple but rather to derisk the relationship with China," Adeyemo said at the Securities Industry and Financial Markets Association's annual meeting. 2 House lawmakers ask Treasury to 'urgently'...

November 8, 2023

NewsInvestment, Regulation, US

08NovNovember 8, 2023

UK. Pensions notably excluded from King’s Speech

Speaking at the 2023 State Opening of Parliament this morning, the King did not mention any new pensions legislation to build on chancellor Jeremy Hunt's Mansion House reforms announced earlier this year. Reforms included the creation of the Mansion House Compact, alongside several consultations on issues such as defined benefit (DB) superfunds, deferred small pots, collective defined contribution and a value money for money framework. ‘Disappointed' The pensions industry has aired its disappointment over the lack of mention of pensions in the monarch's first King's Speech. Aegon pensions director Steven Cameron...

November 8, 2023

NewsInflation, Regulation, UK

08NovNovember 8, 2023

Parliament rejects move to reinstate pensions for MPs: Bahrain

A MOVE to reinstate lifetime pensions for elected and appointed public representatives has been shot down. Of the 31 MPs present in Parliament during its weekly session yesterday, 26 voted against reinstating the 2009 MPs, Shura Council and Municipal Council Members’ Pension Law, four abstained and only Jalal Khadim endorsed the proposal. Under the rejected legislation, public representatives would have be entitled to annual increases in pensions similar to others in the private, government and military sectors. The legislation also sought to...

November 8, 2023

NewsBahrain, State Pensions

07NovNovember 7, 2023

US. Low earners need more retirement income

Social Security alone is simply not enough, new Vanguard study confirms People often assume that the retirement needs of low-wage workers are covered by Social Security's progressive benefit formula. That assessment has never been correct. Social Security was never intended to be the sole source of income for any group of retirees. Social Security replacement rates -- benefits as a percentage of preretirement earnings -- fall far below the generally accepted benchmarks. Low earners are more likely to claim early, which results...

November 7, 2023

Newssavings, Social Protection, US

07NovNovember 7, 2023

British pensions could invest 1.2 trln pounds in climate projects, with policy help-report

Britain's pensions industry could invest up to 1.2 trillion pounds ($1.5 trillion), half the capital needed by 2035 to put the UK on track to its net-zero goals, if there were more attractive projects and fewer regulatory barriers, a report on Tuesday showed. The UK pensions industry currently invests 4% of its assets in "climate solutions" and is on course to invest just 300 billion pounds by 2035, according to research from British life insurer Phoenix Group and campaign group...

November 7, 2023

NewsClimate crisis, Regulation, UK

07NovNovember 7, 2023

China pension fund posts 0.33% gain in 2022

The basic pension fund managed by China’s social security fund gained RMB 5.1 billion, or 0.33% in 2022, down from a 4.9% gain in 2021, the National Council for Social Security Fund said on Saturday, reports Reuters. The shrink in yield was mainly impacted by deep changes in global economic and political situations and increasing fluctuations in the financial markets, the state investor said in a statement. China’s stock benchmark CSI 300 lost 21.6% in 2022 and so far this year...

November 7, 2023

NewsChina, Investment, Pension Management

07NovNovember 7, 2023

U.S. corporate pension plan funding ratio climbs to new high for year

The overall funding ratio at the 100 largest U.S. corporate pension plans edged up to 104.2% as of Oct. 31 – a new high for the year, according to the latest Milliman 100 Pension Funding Index released on Nov. 6. The funding ratio was 103.6% at the end of September. An investment return of -2.68% in October, the third consecutive month of losses, was offset by a significant increase in discount rates to 6.2% from 5.84%, which contributed to the gain. Assets...

November 7, 2023

NewsFunding, Occupational Pensions, US

November 2023