News Archives - Page 300 of 954 - Pension Policy International

14JulJuly 14, 2023

UK. Pension Protection Fund returns 1.9% on growth assets for year

The Pension Protection Fund, London, achieved a 1.9% investment return on its growth assets and saw its funding ratio increase to 156% for the year ended March 31, despite a challenging year in markets. The investment return was 7.6% and the funding ratio was 137.9% for the year ended March 31, 2022. Reserves — held to ensure the lifeboat fund for the defined benefit plans of insolvent U.K. companies can absorb future claims and pay compensation should participants live longer than...

July 14, 2023

NewsPension Management, UK

14JulJuly 14, 2023

World’s Biggest Pension Fund GPIF Boosts Its Treasuries Holdings

Japan’s Government Pension Investment Fund boosted its holdings of Treasuries to a three-year high as the dollar’s strength against the yen offset losses on the securities. Resilient demand from GPIF, as the world’s biggest pension fund is known, suggests that elevated yields and a weak yen may support Japanese appetite for Treasuries, even if US interest rates are coming off recent highs as the Federal Reserve’s monetary tightening campaign nears its peak. GPIF holds ¥200 trillion ($1.4 trillion) worth of assets...

July 14, 2023

NewsInvestment, Japan, Pension Management

14JulJuly 14, 2023

Jamaica. NIS a regressive use of public funds – IDB executive

Labour lead specialist at the Inter-American Development Bank (IDB) Professor David Kaplan has described the National Insurance Scheme (NIS) as a “regressive use of public funds”. Kaplan was addressing the annual luncheon of the Pension Industry Association of Jamaica (PIAJ) at Hotel Four Seasons in St Andrew yesterday. Responding to a question, following his keynote address, Kaplan pointed to deficiencies in the system. “It does seem that there is an imbalance between what people are contributing to the system and what they...

July 14, 2023

NewsJamaica, Social Security

13JulJuly 13, 2023

China’s $400 Billion Pension Sends New Warning on Debt Risks

One of China’s biggest state-run investors is adding to the chorus of warnings over debt risks at the nation’s cash-strapped developers and local government financing vehicles. The National Council for Social Security Fund, which oversees about $417 billion according to the latest available figures, has advised asset managers that handle its money to sell some bonds including those from riskier LGFVs and private developers after a review, people familiar with the matter said, asking not to be identified discussing private...

July 13, 2023

NewsChina, Private Pensions, Risk

13JulJuly 13, 2023

ESG Remains Important for Pension Funds and Asset Owners

Asset owners face the thorniest investment challenges today, dealing with inflation, geopolitical instability, and systemic risks like climate change. They oversee some of the world’s largest pools of capital, steering investment policy on behalf of pension plans, foundations, endowments, and sovereign wealth funds. Their practices shape the capital markets and the behavior of asset managers, financial advisors, and retail investors. They invest with a long time horizon and are exposed to the entire global market. That means they can’t diversify...

July 13, 2023

NewsESG, Investment, Pension Management

13JulJuly 13, 2023

“Pensioners Live in Fear”: Only 1 Out of 10 Nigerians Has Access to Pensions

Hamisu Bala Idris, the managing director of Norrenberger Pensions Limited, has exposed the extent of pension reach in Nigeria. The disclosure follows several reports of pensioners across different parts of the country regularly lamenting the non-payment of their pensions, especially by state governors. Idris, during a retirement planning seminar organised to empower individuals close to retirement and retirees for a financially-secured future after retirement in Abuja, disclosed that only 10% of Nigerians have access to pension schemes, as reported by Vanguard. The...

July 13, 2023

NewsCoverage, Nigeria

12JulJuly 12, 2023

Investment returns push U.S. corporate pension funding to 102.2% in June

U.S. corporate pension funds enjoyed greater surpluses in their funding ratios in June thanks to strong investment returns during the month, according to the latest Milliman Pension Funding index. As of June 30, the estimated funding ratio of the 100 largest U.S. corporate pension funds was 102.2%, up from 100.7% at the end of May and also marks a six-month increase from 101.9% at the end of 2022, according to the index. "While June saw strong monthly investment returns and muted...

July 12, 2023

NewsFunding, Occupational Pensions, US

12JulJuly 12, 2023

Aboriginal Man Loses Pension Fight With Australian Government

Proud Wakka Wakka man Uncle Dennis* brought the case in which the Federal Government faced court for the first time in connection with its failure to close the gap in life expectancy between Aboriginal and Torres Strait Islander people and non-Indigenous people. Despite recognising the ongoing gap in life expectancy, the Court did not accept that Australia's racial discrimination laws should give Aboriginal and Torres Strait Islander people earlier access to the age pension. It comes on the same day as...

July 12, 2023

NewsAustralia, Equality, Retirement Age

12JulJuly 12, 2023

Britain’s £50 billion pensions gamble provides ‘no guarantees’ for savers

Britain’s financial services industry has broadly cheered fresh government proposals to jump-start the economy by channelling £50 billion (US$64.5 billion) of pension fund cash into fledgling firms, but the plans could backfire on savers, experts said. Finance minister Jeremy Hunt on Monday unveiled a raft of reforms aimed at redirecting a greater proportion of a £4.6 trillion pool of capital managed by Britain’s pensions and insurance sectors into unloved UK assets by 2030. The so-called Mansion House Reforms follow years of...

July 12, 2023

NewsInvestment, Regulation, UK

12JulJuly 12, 2023

Czech Republic. Government pension reform now before final vote

A Czech government bill to slow the indexation of old-age pensions and tighten the rules for early retirement now stands before its third reading after a vote in the lower house on Tuesday. The vote followed a debate lasting over eight hours and concluded late in the evening. MPs will vote on the matter for a final time next week at the earliest. The minister of social affairs, Marian Jurečka, said on Tuesday that the move was necessary to maintain the...

July 12, 2023

NewsCzech Republic, Pension Reform

July 2023