News Archives - Page 323 of 981 - Pension Policy International

28JulJuly 28, 2023

Why investing pension funds requires players to think outside the box

It’s a tough time to be investing a pension fund’s cash. Analysis of pension schemes by Actuarial Service East Africa (ActServ) shows overall flat returns over the first quarter this year (0.8 percent) and 2022 (-0.6 percent). Both returns further trail those posted in the first quarter of 2021 and 2019 at 2.26 percent and 6.5 percent respectively. In addition, for the year 2022, weighted average returns stood at 1.7 percent - while inflation in the period averaged 7.64 percent. Amid this...

July 28, 2023

Newspension funds

28JulJuly 28, 2023

UK. pension funds, consultants rely on flawed climate research – report

Pension funds and their investment consultants are depending on flawed research that lowballs the financial risk of climate change, according to a report released Thursday by Carbon Tracker. A study done for the financial think tank by University of London research fellow Steve Keen places much of the blame on climate economists for perpetuating "scientifically false assumptions," according to the study report, Loading the Dice against Pensions. Relying on flawed research leads to a disconnect between current investment decisions that assume...

July 28, 2023

NewsUK

28JulJuly 28, 2023

AMF posts 4.4% first-half return and says it can continue to broaden portfolio

Swedish pension provider AMF this morning reported a total return of 4.4% for the first half of this year for its traditional insurance – a with-profits, defined contribution (DC) product – and said its financial strength meant it could continue broadening its investments. The return is on a par with the 4.3% return reported by its larger rival Alecta last week, for the defined benefit (DB) scheme which represents the bulk of its assets, but lower than Alecta’s 6.6% return...

July 28, 2023

NewsAMF

27JulJuly 27, 2023

Nigeria. Pension contributors cross 10m mark 19 years after sector reform

The nation’s pension industry has achieved a milestone of over 10 million registered contributors as at June 2023, 19 years after the reform of the sector. Pension fund assets also hit a record N16.76 trillion in the same month, growing by 4.1 percent from N16.10 trillion in May 2023. Michael Oyebola, an analyst at Money Counselors, while reviewing the performance of the pension industry at the end of June, described it as a significant achievement. “In a significant achievement for the Nigerian...

July 27, 2023

Newscontributors, Pension

27JulJuly 27, 2023

Pension funds, other institutional investors and wealth managers plan to boost crypto investments

Nearly three out of four (74%) institutional investors and wealth managers questioned say their organisation will increase its level of investment in the sector in the year ahead. Nearly one in five (18%) will dramatically increase investment levels. The study with institutional investors and wealth managers in the US, UK, Germany, Switzerland, Singapore, Brazil and the United Arab Emirates who collectively manage around $3.5 trillion in assets, found growing confidence in the sector in the short and longer term. Nearly nine...

July 27, 2023

NewsCryptocurrencies

27JulJuly 27, 2023

Millions of pensions at risk because investment consultants overlook threat of climate tipping points

Pension funds are risking the retirement savings of millions of people by relying on economic research that ignores critical scientific evidence about the financial risks embedded within a warming climate, warns a report released today by Professor Steve Keen and the financial think tank Carbon Tracker. Financial institutions, central banks, regulators and governments underestimate the dangers and economic damages of climate change, relying on research from a small, self-referential group of climate economists that ignores the impact of climate “tipping...

July 27, 2023

News#Millionsofpensions

27JulJuly 27, 2023

Canadian Pension Plans Look to Annuities, Fixed Income to Preserve Pension Surpluses

Many Canadian pension plans are in the enviable position of having a funded surplus, as of the year’s second quarter, thanks to positive market returns and higher interest rates that increased assets and lowered liabilities. The Mercer Pension Health Pulse, a measure that tracks the median solvency ratio of Canadian corporate defined benefit pension plans in the firm’s pension database, increased to 119% at the end of the second quarter. Mercer estimates 85% of these plans were in a surplus...

July 27, 2023

NewsCanada

26JulJuly 26, 2023

UK pension funds must broaden investments, new regulator warns

UK pension fund trustees must consider increasing the range of their investments, including in start-ups or other illiquid assets, or face “robust” intervention, the British regulator has warned. Nausicaa Delfas, newly appointed chief executive of The Pensions Regulator, added that it was important for trustees of defined contribution plans to have the expertise to assess more complex assets — and advised that, if they did not, they should look to consolidate or even wind up their schemes. “Trustees have a duty...

July 26, 2023

NewsUK

26JulJuly 26, 2023

Australia’s $2.5 trln pension stash is one to envy

Ask Hong Kong-based financial bigwigs where they have been jetting off to since the Asian hub lifted its coronavirus restrictions and a surprising number say Melbourne. Sure, mining giant BHP (BHP.AX) has its headquarters in Australia’s second-most populous city, it’s a self-anointed coffee capital and boasts top-notch restaurants. It is also home to some of the country’s largest pension funds. They have plenty of capital to deploy, are too big for their home market and they’re getting larger fast. Superannuation,...

July 26, 2023

NewsAustralia

26JulJuly 26, 2023

Agusto: Nigeria’s pension assets to rise to N19trn by end of 2024

Agusto & Co, a Pan-African credit rating agency, projects that Nigeria’s total pension assets will rise to an impressive N19 trillion by the end of 2024. The agency’s projection is contained in its recently released report titled ‘The Nigerian Pension Industry – Unlocking Potential Amidst Economic Uncertainties’. Agusto said Nigeria has the second-largest pension industry in Africa with assets under management (AuM) of N16.1 trillion ($34.9 billion) as at May 31, 2023, representing a 13.5 percent increase from the corresponding period...

July 26, 2023

NewsNigeria

July 2023