News Archives - Page 438 of 983 - Pension Policy International

05JulJuly 5, 2022

German regulator adds more guidelines for occupational schemes’ risk assessment reports

The German financial supervisory authority, BaFin, has released further guidelines for occupational pension schemes to improve their own risk assessment reports, which that are so far not in line with the requirements set by the regulator. IORPs are not meeting the minimum requirements specified in the circular 09/2020 (VA), that provides information on the interpretation of regulations on own risk assessment (ERB) according to paragraph 234d of the Insurance Supervision Act (VAG). The ERB circular recommends occupational schemes to structure risk...

July 5, 2022

NewsGermany, Regulation

05JulJuly 5, 2022

China Turns to Automation and Robotics to Solve Aging Problem

The impact of an aging population has taken a toll on China’s economy. Industrial automation and robotics could be the solution. We believe that China is at the beginning of a structural shift thanks to the country’s policy support, demographic trends and technological progress. Furthermore, the ongoing trend of domestic substitution will likely provide a fertile breeding ground for local champions to be born and thrive – and our portfolio companies Shenzhen Inovance Technology Co., Ltd Class A (“Inovance”) (0.64%...

July 5, 2022

News2022, Aging, China, Technology

05JulJuly 5, 2022

Over 2,000 Retired Nigerian Workers Were Cut Off from Monthly Pension

Some Nigerian workers will have to live by what they have saved as their pension account failed to meet the regulatory standard The number of workers according to the National Pension Commission is over 2,000 from both the public and private There are currently over 9.67 million pension accounts in the country with a pension fund value at N34.11 trillion More than 2,084 retirees who can no longer receive monthly pension payments and who left the Contributory Pension Scheme in the first...

July 5, 2022

News2022, Coverage, Nigeria, Pension design

05JulJuly 5, 2022

Canadian defined benefit pension plans’ financial health steady in Q2 2022: Aon

Aon plc (NYSE: AON), a leading global professional services firm, announced today that the aggregate funded ratio for Canadian pension plans in the S&P/TSX Composite Index increased from 100.5 to 101.5 percent during the past three months, according to the Aon Pension Risk Tracker. It was at 96.9 percent at the beginning of the year. The Aon Pension Risk Tracker calculates the aggregate funded position on an accounting basis for companies in the S&P/TSX Composite Index with defined benefit (DB)...

July 5, 2022

News2022, Canada, Defined Benefit

04JulJuly 4, 2022

UK. DB pension surplus reached record high in June

The aggregate defined benefit (DB) pension scheme surplus in the UK increased by £60bn to £250bn in June, according to the PwC Pension Trustee Funding Index, marking the highest surplus recorded since the launch of the index in 2015. The index showed that whilst asset values fell over the month amid market volatility, this was more than offset by a larger fall in liabilities, as long-term bond yields continued to rise. Liabilities fell by £110bn to £1,340bn, while asset values declined...

July 4, 2022

News2022, Defined Benefit, Funding, UK

04JulJuly 4, 2022

Africa insurers urged to focus more on climate change

Africa’s insurance industry has been challenged to play a proactive role in addressing the climate change agenda. Speaking at the Africa Insurance Organization Annual Conference, General Assembly in Nairobi, director School of Pension and Retirement Studies Edward Odundo, underscored the need for climate change provisions in Environmental, Social and Governance, ESG, risk assessment. "The risks posed by the rising global temperatures cut across all sectors including the insurance industry,"Odundo said. He added that the increasing frequency and intensity of disasters relating to...

July 4, 2022

News2022, Africa, Climate crisis, Pension Management

04JulJuly 4, 2022

US. Climate change knocking, but not all managers home

Some of the most in demand regions in the U.S. for real estate investment, most notably the Sun Belt, are also getting clobbered by the floods, extreme heat and other ravages of climate change — potentially impacting returns. It's a worldwide challenge that is threatening to chisel away at expected returns across real asset sectors, from housing and office to retail. Some real estate managers are starting to exit properties early or decline to invest in real estate with relative...

July 4, 2022

News2022, Returns, US

04JulJuly 4, 2022

Pension giant GPIF to invest in Japanese startups for first time

Japan's Government Pension Investment Fund, one of the world's largest institutional investors, will begin investing in Japanese startups in order to give the sector a boost, Nikkei has learned. The amount of the GPIF's investment in startups is expected to total several tens of millions of dollars. The move could serve as a magnet for other pension money and give momentum to the development of Japanese startups, which have lagged behind those in the U.S., China and other countries, observers...

July 4, 2022

News2022, Investment, Japan

04JulJuly 4, 2022

A bright future for pensions in Mexico. Interview with: David Razú Aznar, CEO, Afore XXI Banorte

Home to 130 million people and covering just shy of two million square kilometres, Mexico is a vast nation with tremendous economic potential. For decades, the country has been hotly tipped as an economy ready to boom, with experts predicting that Mexico could emerge as a global powerhouse as far back as the 1980s. Boasting abundant natural resources, a young labour force and enjoying a strategic location that is integrated with North America, Mexico is certainly ripe with economic...

July 4, 2022

News2022, Mexico, Pension Management

01JulJuly 1, 2022

US. Milliman: Public pension plans’ funding dips slightly in May

The estimated funding ratio of the 100 largest public defined benefit plans in the U.S. inched down to 78.4% at the end of May from 78.6% at the end of April, according to the latest Milliman 100 Public Pension Funding index released Wednesday. The "relatively stagnant market" of May provided a "reprieve" for these plans after the volatility experienced between February and April this year, Milliman said in a news release. The funding ratio was as high as 85.5% at...

July 1, 2022

News2022, Funding, US

July 2022