News Archives - Page 331 of 981 - Pension Policy International

30JunJune 30, 2023

US. DC assets concentrated in a few money managers

Vanguard Group had $1.78 trillion in U.S. defined contribution assets under management at the end of 2022, representing 21% of the $8.43 trillion in DC AUM, based on data collected by Pensions & Investments in its annual money manager survey. BlackRock followed with $1.16 trillion. The five largest managers of U.S. DC assets had 60% of the total and the top 10 accounted for 79%. The five DC managers with the most DC AUM had equity assets ranging from BlackRock's...

June 30, 2023

News, UncategorizedInvestment, US

30JunJune 30, 2023

Analysis: Dutch pension fund reform spells investment rethink

An overhaul of the private pensions system in the Netherlands - the biggest in the European Union - is leading asset managers there to rethink how they invest 1.5 trillion euros ($1.64 trillion) of retirement savings. Asset managers for top Dutch pension funds said the reform, which takes effect on Saturday, could spark outflows from euro zone government bonds in favour of riskier assets and change the way such funds protect themselves from swings in interest rates. Changes approved in May...

June 30, 2023

News, UncategorizedNetherlands, Pension Reform

30JunJune 30, 2023

UK. Half of DC pension savers don’t know how to access retirement pot

Almost half of defined contribution (DC) pension savers in their 50s and 60s have not considered how they will access their retirement pot, a study finds. The Institute for Fiscal Studies (IFS) research published today (30 June) finds that close to half of working-age people have at least a small amount of wealth held in DC pensions. Wealthier people are more likely to have DC pension wealth — 60% of individuals in the top tenth of the (non-pension) wealth distribution have...

June 30, 2023

NewsFinancial Literacy, savings, UK

29JunJune 29, 2023

US. Pension funds would have $21 billion more without fossil fuel holdings – study

Several public pension funds under pressure to divest from fossil fuel investments would have had as much as $21 billion more over the last decade without them, according to a study by the University of Waterloo released Wednesday by advocacy group Stand.Earth. In the report, The Impact of Energy Investments on the Financial Value and the Emissions of Pension Funds, researchers at the university's School of Environment, Enterprise and Development (SEED) used Bloomberg data to analyze six large pension funds'...

June 29, 2023

NewsClimate crisis, ESG, Investment, US

29JunJune 29, 2023

UK pension funds still holding £88bn in fossil fuels, despite increased climate commitments

UK-based pension schemes have more than £88bn invested in fossil fuel firms, the equivalent of £3,000 per pension policyholder. That is according to Make My Money Matter, which has analysed the fossil fuel investments of more than 50 of the nation’s largest pension schemes. Most of these schemes have net-zero targets but are yet to completely stop investing in fossil fuels. While some fossil fuels are likely to be used in a net-zero world, Net-Zero Tracker recently confirmed that no major...

June 29, 2023

NewsClimate crisis, ESG, Investment, UK

29JunJune 29, 2023

Ghana. Pensioner bondholders suspend picketing at Finance Ministry

The Pensioner Bondholders Forum has suspended its planned picketing at the Finance Ministry to protest the non-payment of outstanding coupons. This follows the resumption of payments of the coupons by government on June 27. On June 22, the pensioner Bondholders began a third round of picketing at the Finance Ministry to demand seven outstanding coupons following which government has begun payment. The pensioners say a planned protest scheduled for today, June 29 has been suspended due to the show of commitment by...

June 29, 2023

NewsGhana, Payout

28JunJune 28, 2023

U.S. Treasury partners with CDPQ, managers on sustainable investing

The U.S. Treasury has partnered with Canadian pension fund CDPQ, asset managers Natixis Investment Managers and Ninety One, the Rockefeller Foundation and others to accelerate pension fund and other institutional investment in emerging and developing countries over the next three years. In particular, the new partnership will focus on investing in energy transition and sustainable infrastructure, and will be led by the Investor Leadership Network, according to a statement from U.S. Treasury Secretary Janet Yellen. "Today, we are proud to announce...

June 28, 2023

NewsCanada, ESG, Investment, US

28JunJune 28, 2023

China to explore housing pension system, improve residential quality: minister

China's housing minister has emphasized the need to improve the quality of housing and explore a housing pension system. Ni Hong, minister of Housing and Urban-Rural Development, called on the financial institutions to participate in urban construction and renovation, promoting the creation of livable, intelligent, and resilient cities, news outlet CHINAJSB.CN reported on Tuesday. Ni made the remarks in a meeting with chairman of Bank of China on Monday to discuss a deepening of cooperation between the government and financial institutions,...

June 28, 2023

NewsChina, Pension design

28JunJune 28, 2023

India. Balancing Old and New Pension Systems: Neglected Pensioners and PFRDA’s Role

The ongoing debate surrounding the Old Pension Scheme (OPS) and the New Pension System (NPS) must not overlook the most affected group – the pensioners. While political parties, economists, and think tanks engage in discussions about the advantages and risks of each system, elderly individuals relying on these pensions continue to be forgotten. The OPS has a long history dating back to British Colonial Rule in India, initially introduced in 1881. It has evolved over the years, extending its coverage...

June 28, 2023

NewsAdequacy, India, System sustainability

28JunJune 28, 2023

Australia. The positive super and tax changes from July 1

All Aussie employees will receive 0.5% more as their superannuation guarantee lifts to 11% of their salary from July 1, up from 10.5%. The biggest winners will be employees on award wages or enterprise agreements negotiated by a union because the superannuation will be paid on top of their wage. For example, an employee on a wage who is paid $100,000 plus superannuation is currently receiving $10,500 into their superannuation but from July 1, they will be paid $11,000 into...

June 28, 2023

NewsAustralia, Pension Payment, Saving

June 2023