News Archives - Page 342 of 982 - Pension Policy International

26MayMay 26, 2023

ChatGPT spurs interest of pensions and institutional investors in Chinese AI firms

ChatGPT has brought artificial intelligence to the forefront of institutional investors' minds and Chinese AI companies are benefiting from that interest — even if limited partners and venture capital firms are keeping silent on the topic. A February report by the Center for Security and Emerging Technology, a research organization within Georgetown University in Washington, said that Chinese AI firms raised $110 billion between 2015 and 2021, of which $40.2 billion came from syndication deals in which U.S. investors participated....

May 26, 2023

NewsChina, Investment

25MayMay 25, 2023

Analysis: Global pension funds eye currencies for additional returns

Expectations for lower returns in stocks and bonds are sending some pension funds into currency markets to diversify their portfolios and bolster performance. While both equities and fixed income have partially rebounded from last year's steep declines, some portfolio managers worry the scope for upside in either asset class may be limited, as markets face a tangle of issues including a standoff over raising the U.S. debt ceiling and a potential recession brought on by the Federal Reserve's aggressive monetary...

May 25, 2023

NewsInvestment, Pension Management

25MayMay 25, 2023

Changing pensions regulations will not boost UK business investment Expert

Often in politics, a bad idea turns up when its time has finally come. The current contender in the UK is the belief that a few tweaks to pension rules will flood dynamic companies with much-needed funds, save the troubled stock market, improve returns for future pensioners and resolve the longstanding weakness in business investment. Chancellor Jeremy Hunt said in his March Budget that his plans, to be announced in the autumn, will “unlock productive investment from defined contribution pension...

May 25, 2023

NewsInvestment, Regulation, UK

25MayMay 25, 2023

Jamaica. No big pension increase for former prime ministers

Prime Minister Andrew Holness' decision to decline his 214 per cent salary increase and keep his yearly $9 million pay is binding on all former and future heads of government, the administration has disclosed. The figure is critical for former prime ministers in particular because their pension is tied to the salary of the current officeholder. There are three living former prime ministers - PJ Patterson, Portia Simpson Miller, and Bruce Golding. Information Minister Robert Morgan made the clarification at a post-Cabinet...

May 25, 2023

NewsJamaica, Public Pensions

25MayMay 25, 2023

Longevity, A $56 Trillion Opportunity. With Andrew Scott

In unguarded moments, politicians occasionally wish that retired people would "hurry up and die", on account of the ballooning costs of pensions and healthcare. Andrew J Scott confronts this attitude in his book, “The 100-Year Life”, which has been sold a million copies in 15 languages, and was runner up in both the FT/McKinsey and Japanese Business Book of the Year Awards. Scott joined the London Futurists Podcast to discuss his arguments. Scott is a professor of economics at the...

May 25, 2023

NewsAging, Labor Market, Longevity

24MayMay 24, 2023

UK. Savers miss out on £70,000 at poorly performing pension funds

Thousands of poorly-performing pension funds have been placed on notice by regulators as analysis reveals that savers are missing out on nearly £70,000 in lost investment returns. Nausicaa Delfas, the new boss of The Pensions Regulator (TPR), vowed on Tuesday to go after the trustees of struggling funds that are letting down their members. The Telegraph can separately disclose that average savers are missing out on tens of thousands of pounds in lost investment returns at conservative British pension funds, after...

May 24, 2023

NewsPension Management, savings, UK

24MayMay 24, 2023

EU. MEPs face 50% cut to luxury pensions, but public still set for hefty bill

The European Parliament is set to slash payouts from its controversial top-up pension fund by 50 per cent as part of measures aimed at eradicating a €300 million deficit and averting a looming bankruptcy. Despite beneficiaries now facing major cuts to their pension payments, around €86 million is still expected to be covered with public money. After years of procrastination and an ever-growing deficit, the European Parliament has finally taken the bull by the horns to address the impending bankruptcy of...

May 24, 2023

NewsEU, Funding, Sustainability

24MayMay 24, 2023

US. House passes bill requiring Treasury report on economic risks from China

The House overwhelmingly passed a bipartisan bill that would require the Treasury Department, along with several federal regulators, to issue a report on risks posed to the U.S. by China's financial sector. In a 400-5 vote, the House passed the China Financial Threat Mitigation Act of 2023 Monday, introduced by Reps. Abigail Spanberger, D-Va., and Roger Williams, R-Texas. The bill directs the Treasury secretary — in consultation with the chairmen of the Federal Reserve, SEC, Commodity Futures Trading Commission and the...

May 24, 2023

NewsInvestment, Regulation, US

24MayMay 24, 2023

Asset owners, managers sign biodiversity pledge

Stichting Pensioenfonds ABP, Heerlen, Netherlands, joined 14 asset owners and managers signing the Finance for Biodiversity Pledge Monday to commemorate World Biodiversity Day. The pledge calls for signatories to commit to map their biodiversity impact, set goals and targets, and disclose the results before 2025, along with collaboration and engaging with companies to halt and reverse nature loss. The €480 billion ($528.9 billion) pension fund is now one of 140 signatories representing a collective €19.7 trillion in assets from 23 countries. Other...

May 24, 2023

NewsESG, Pension Management

23MayMay 23, 2023

US. Major pension funds are steering big dollars to infrastructure

Major U.S. pension funds are increasingly turning to infrastructure for its solid risk-adjusted return profile and strong performance resilience. Since 2011, Pensions & Investments has tracked more than 950 infrastructures hires totaling more than $134 billion committed, paced by 148 hires and $17.7 billion committed in 2021. Maine Public Employees Retirement System, Augusta, is also drawn to infrastructure due to its ability provide diversification from the plan's public and private equity and fixed-income assets, said William Proom, managing director of investments...

May 23, 2023

NewsInvestment, Pension Management, US

May 2023