News Archives - Page 311 of 954 - Pension Policy International

07JunJune 7, 2023

The Irish pension landscape for employers in 2023

Pension provision for staff is a valuable recruitment and retention tool for employers. Pensions can be a core part of a benefits and reward package offered. When there are labour or skills shortage affecting your hiring capabilities, this can be a meaningful part of your offering to ensure you are competing with top employers for talent. IORP II The IORP II Directive “sets common standards by ensuring the soundness of occupational pensions and better protecting pension scheme members and their beneficiaries.” Employers...

June 7, 2023

NewsIreland, Operations, Regulation

06JunJune 6, 2023

Top asset manager says pension fund clients are turning skittish on China — ‘There is a very real geopolitical risk’

APG's pension fund clients are more worried about investing in China, the Financial Times reported. That's as geopolitical risk has grown, with China increasingly at odds with the West. "There is a very real geopolitical risk that has been added to the proposition." Rising international tensions with Beijing are a serious factor in the worsening skepticism around Chinese investments, APG Asset Management told The Financial Times. One of the largest asset managers in the world, the firm is in charge of about $570...

June 6, 2023

NewsChina, Investment

06JunJune 6, 2023

Funding ratios for U.S. corporate pension plans increase in May

U.S. corporate pension plans saw their funding ratios increase in May thanks to falling liability values offsetting asset losses due to negative non-U.S. equity returns during the month, according to three new reports. Wilshire Advisors estimated the aggregate funding ratio of U.S. corporate plans increased 0.8% percentage points to land at 99.8% as of May 31. Liability values declined further than asset values after U.S. Treasury yields rose, primarily due to debt ceiling negotiations and continuing anticipation regarding the Federal Reserve,...

June 6, 2023

NewsFunding, US

06JunJune 6, 2023

Why saving for a pension has become more risky

How much money are you going to have to live on in retirement? Perhaps, just like one in five Britons, you do not know. This is not a surprise since there are so many shifting factors, or risks, to consider when thinking about retirement finances. You need to think about how much you’ll earn during your life, to what your employer will decide to contribute towards your a pension, and how much tax you will have to pay. And then, even...

June 6, 2023

NewsRisk, UK

06JunJune 6, 2023

French unions make ultimate push to derail pension reform

Hundreds of thousands of people are expected to take to the streets across France on Tuesday for what will be the fourteenth day of demonstrations since January to oppose French President Emmanuel Macron's pension reform. Authorities expect up to 600,000 people at the demonstrations nationwide, less than half the peak on 7 March, when 1.28 million were counted by police. In contrast to the earlier phase of the movement, only limited disruption is expected on public transport though some flight cancellations...

June 6, 2023

NewsFrance, Pension Reform

05JunJune 5, 2023

California, New York pension funds vote against Toyota chairman

Two of the largest U.S. public pension funds have voted against the re-election of Toyota Motor Corp (7203.T) Chairman Akio Toyoda, shareholder voting records showed, sharpening the focus on the automaker's annual meeting later this month. The California Public Employees' Retirement System (CalPERS) and the Office of the New York City Comptroller also voted for a resolution urging Toyota to improve disclosure of its lobbying on climate change, according to postings by the funds. Two leading proxy advisory firms last week...

June 5, 2023

NewsClimate crisis, Investment, Pension Management

05JunJune 5, 2023

How the FCA’s new Consumer Duty impacts UK pension scheme buy-outs

Pension scheme trustees considering a buy-out are likely to welcome this, because the Duty will require the insurer to use its influence to deliver good outcomes for the members in relation to the policies. This will further strengthen the regulatory regime that applies to insurers and the protection it offers to bought out members. How the Consumer Duty will apply to pension schemes In July 2022, the FCA published its rules for a new Consumer Duty that will apply to FCA-regulated...

June 5, 2023

NewsPension Management, Regulation, Risk, UK

05JunJune 5, 2023

Green and sustainable investing: why asset managers need clear ESG definitions to aid fund sales, quash greenwashing

A lack of globally consistent and clear definitions of what “green” and “sustainable” actually mean when it comes to projects and investment products has imposed extra burdens on asset managers struggling to meet compliance requirements, according to Fidelity’s head of sustainable investing. Insufficient regulation of environment, social and governance (ESG) data and ratings providers also heightens concerns about greenwashing, the act of making unsubstantiated sustainability claims. “If you are selling a fund as a green fund, that means very different things...

June 5, 2023

NewsESG, Investment

05JunJune 5, 2023

Elderly Outnumber 20-Somethings in Korea’s Workforce

For the first time ever senior citizens outnumber 20-somethings in Korea's workforce after decades of low birthrates and an aging society.According to Statistics Korea, 3.38 million people over 60 were employed in the fourth quarter of last year, up 284,000 from the same period of 2021. But only 3.22 million Koreans in their 20s were employed, down by 36,000 over the same period.It was the first time in seven quarters that the number of young workers declined.That brought the...

June 5, 2023

NewsAging, Labor Market, South Korea

02JunJune 2, 2023

US. Senate passes debt ceiling agreement; bill heads to Biden

With only days before a projected U.S. default, the Senate in a 63-36 vote on Thursday passed a bill to suspend the debt ceiling, sending the measure to President Joe Biden for signature. The Fiscal Responsibility Act of 2023 will suspend the debt ceiling until January 2025 and cap federal spending for at least two years. The Congressional Budget Office on Tuesday estimated the bill will cut the federal deficit by $1.5 trillion over the next decade. The measure was passed...

June 2, 2023

NewsPolitical economy, US

June 2023