News Archives - Page 338 of 982 - Pension Policy International

08JunJune 8, 2023

U.S., Europe managers diverge on ESG priority – survey

Some North American managers are making ESG integration less of a priority, according to a global survey released Wednesday by Linedata. The biennial Global Asset Management Survey by Linedata, a global provider of asset management software, data and services also tracked other trends, including continued digital transformation led by automation, data integration pain points, outsourcing and adoption of artificial intelligence. The survey of 265 buy-side institutions, including asset managers and wealth managers, found that worldwide, more of them consider environmental, social...

June 8, 2023

News#USPensions #Investment #ESG

08JunJune 8, 2023

French parliament chief to block bid to axe pension reform

The law was enacted following months of mass protests via a controversial constitutional mechanism whereby the government avoided a vote in the lower-house National Assembly. Speaker Yael Braun-Pivet, who is from President Emmanuel Macron's centrist party but is officially neutral, confirmed she would reject on constitutional grounds the bid to introduce new legislation, infuriating its backers. Speaking to BFM television, she said an amendment proposed by the small LIOT faction in parliament and backed by left-wing parties would be declared "inadmissible". She...

June 8, 2023

News, UncategorizedFrance, Pension Reform

08JunJune 8, 2023

Pension reform could impact employment and wages warns Bank of Spain

The Bank of Spain has warned the government that the new pension regulation could have a negative impact on employment, wages and the competitiveness of companies. This, it said, is due to the triple increase in contributions that the regulation imposes and that will particularly affect workers with higher salaries, who will be penalised in three ways, while the rest of the workers will only be affected by the increase in contributions that the new intergenerational equity mechanism entails. According...

June 8, 2023

NewsPension Reform, Spain

08JunJune 8, 2023

New global report highlights older people’s risk of starvation and extreme poverty due to rising global costs

Older people selling assets or even begging on the street to survive: “We buy bread and cheese and feed the children while we do not eat.” “We get sick and we no longer go to the hospital due to high transportation costs …the only thing left is for us to die.” The global food, fuel and finance crisis is having a devastating impact on millions of older people across the world. It is leaving them struggling to afford food and...

June 8, 2023

NewsIncome, Inflation

07JunJune 7, 2023

US. DOL took thumb ‘off the scale’ in finalizing new ESG rule, official says

Despite mischaracterizations and political backlash, the Department of Labor's new rule permitting retirement plan fiduciaries to consider environmental, social and governance factors when selecting investments and exercising shareholder rights does not tip the balance in favor of ESG, a key department official said Tuesday. "The final rule that we put out, notwithstanding what you may have heard, doesn't require consideration of ESG, it doesn't mandate that every investment have an ESG score attached to it, it doesn't mandate that if...

June 7, 2023

NewsESG, Investment, Regulation, US

07JunJune 7, 2023

U.K. pension funds slow to invest in biodiversity – report

U.K. pension funds are increasingly aware of biodiversity risks to their portfolios, but not many are investing in natural solutions, according to research from Pensions for Purpose released Monday. Commissioned by alternatives asset manager Gresham House, Pensions for Purpose asked 22 asset owners and investment consultants how much they incorporate biodiversity and natural capital in investment decisions. Participants included the £25 billion ($31 billion) National Employment Savings Trust, London, £35 billion Brunel Pension Partnership, Bristol, £15 billion London CIV, £35...

June 7, 2023

NewsESG, Investment, UK

07JunJune 7, 2023

Vietnam strives to maintain replacement fertility rate

More people in a country can lead to a larger workforce which will lead to more products being produced and economic growth subsequently. While other countries in the world with a population of 500,000 people or more have only maintained their fertility rate which means that each woman of reproductive age has an average of 2.1 children for 2-10 years, Vietnam is the only country that has so far maintained a golden population ratio and structure for 23 years, from...

June 7, 2023

NewsAging, Vietnam

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

June 2023