News Archives - Page 353 of 955 - Pension Policy International

13JanJanuary 13, 2023

UK Actuary Responds to Work and Pensions Committee Over LDI Issues

The Government Actuary’s Department (GAD) has assisted the Work and Pensions Select Committee with its inquiry into defined benefit pensions with Liability Driven Investments (LDI). The Government Actuary, Martin Clarke, was pleased to share his perspectives on the LDI issue in response to the Committee’s questions. Pensions and investment GAD’s knowledge and involvement with LDI is unique as we work with schemes that use leveraged LDI. We also work with government departments that support the pensions and investment industry. Discussions on the LDI...

January 13, 2023

NewsPension Management, supervision, UK

12JanJanuary 12, 2023

Ghana says debt exchange talks with local pension funds continuing

Ghana's finance ministry on Wednesday said negotiations on the terms of a domestic debt exchange agreement with local pension funds were continuing and that they would be made public once an agreement on the details is reached. Ghana's government, in a bid to mitigate an ongoing economic crisis, has negotiated a staff-level agreement for a $3 billion loan package from the International Monetary Fund (IMF). The deal will only be approved by the IMF board if Ghana undergoes comprehensive debt restructuring,...

January 12, 2023

NewsGhana, Investment, Pension Management

12JanJanuary 12, 2023

US. Unmarried Women No Longer Pay a Financial Penalty in Retirement

On the retirement front, a new study has some good news for unmarried women: They’re no longer falling behind their married peers. Still, it’s tough to celebrate equality when it seems to be driven mostly by the falling fortunes of men. Studies about how prepared US workers overall are for retirement tend to be incredibly depressing — and even more so when they focus on women, who say in staggering percentages that they’re worried about running out of money. Much...

January 12, 2023

NewsGender Gap, Income, Retirement Preparedness

12JanJanuary 12, 2023

Building up the voluntary carbon markets

Voluntary carbon markets stand to play a big role in the shift to a net zero global economy by enabling companies to offset certain emissions during the transition. They also have the potential to channel significant and much-needed investment towards initiatives that will have a positive climate impact. These markets are distinct from the compliance carbon markets managed by governments, such as the EU’s emissions trading system, and are already growing rapidly. According to non-profit Ecosystem Marketplace, VCMs almost quadrupled in...

January 12, 2023

NewsESG, Investment, UK

12JanJanuary 12, 2023

Kenyan Pension Funds To Intensify Regional Investments In 2023

The Kenya Pension Funds Investment Consortium (KEPFIC) will this year mobilize billions in investment from local pension funds for regional opportunities. KEPFIC Secretariat in a public statement said it is looking for bankable projects that are backed by strong environmental, social and governance principles. “KEPFIC is releasing this Request for Proposals (RFP) to invite investment proposals from project sponsors and fund managers that are looking to raise capital from Kenyan pension funds for regional opportunities,” KEPFIC announced in public statement today. KEPFIC...

January 12, 2023

NewsInvestment, Kenya

12JanJanuary 12, 2023

Early retirement can accelerate cognitive decline among the elderly, research shows

Early retirement can accelerate cognitive decline among the elderly, according to research conducted by faculty at Binghamton University, State University of New York. Plamen Nikolov, assistant professor of economics, and Shahadath Hossain, a doctoral student in economics, both from Binghamton University, examined China's New Rural Pension Scheme (NRPS) and the Chinese Health and Retirement Longitudinal Survey (CHARLS) to determine how retirement plans affect cognitive performance among plan participants. CHARLS, a nationally representative survey of people ages 45 and above within...

January 12, 2023

NewsHealth, Retirement Age

11JanJanuary 11, 2023

France unveils plan to raise retirement age by two years to 64

France's government has proposed raising the legal retirement age from 62 to 64 by 2030 in a major reform to the pension system. PM Elisabeth Borne said the changes were necessary to prevent a major deficit in the system in the future. Reforming pensions was one of President Emmanuel Macron's main promises when he was first elected in 2017. But the details immediately triggered an angry response from the unions, with plans for strikes on 19 January. Ms Borne's handling of an explosive...

January 11, 2023

NewsFrance, Pension Reform, Retirement Age

11JanJanuary 11, 2023

CDC schemes would have ‘weathered’ market turmoil

Aon said market turbulence would not have had an adverse impact on members’ benefits A ‘well-designed’ collective defined contribution (CDC) scheme would have withstood recent market turmoil, according to Aon. In an update to the firm's Collective DC in adverse markets paper, originally published in October 2020, Aon said an efficient CDC scheme would have been able to resist the financial turbulence in the markets throughout 2021 and 2022, without having a negative impact on members' benefits or their retirement outcomes....

January 11, 2023

NewsCDC, Pension design, Returns, Risk, UK

11JanJanuary 11, 2023

US. Investors’ resolve to forge ahead with ESG goals deepens for 2023

Russia's invasion of Ukraine and anti-ESG sentiment in the U.S. taught institutional investors to expect the unexpected in 2022, but those developments also deepened their resolve to forge ahead with sustainable investing goals — no matter what happens in the upcoming year. In 2023, institutions' ESG goals will include more specific expectations placed on companies to address climate risk, labor and human rights issues including diversity, and biodiversity, investors said. Many of them also plan to make a more direct...

January 11, 2023

NewsESG, Investment, US

11JanJanuary 11, 2023

Fintech Robos organises OECD pension event for MENA región

The experience and learning curve of Western and developed markets with defined contribution (DC) pension systems will be showcased one more time to the Arab world through another pension event organised by Fintech Robos, Bahrain-based savings & pensions technology provider. Fintech Robos and the OECD are partnering once again to launch “Pension Outlook 2022” Report in the MENA region. “Pensions Outlook” is one of two flagship bi-annual international pension reports and indexes produced by the Organisation of Economic Cooperation &...

January 11, 2023

NewsMENA, System Characterization

January 2023