News Archives - Page 499 of 984 - Pension Policy International

08DecDecember 8, 2021

US. Public Pensions Need a Shift in Investment Strategies

A report, which says their investments have underperformed since the 2008 financial crisis and are costly, suggests officials should switch to purely passive investing. Public employee pension funds, endowment funds and other nonprofit institutional investors in the U.S. have underperformed properly constructed, passively investable benchmarks by a wide margin since the global financial crisis of 2008, contends Richard Ennis, an early pioneer of quant investing and co-founder of U.S. investment consultancy EnnisKnupp, in a research paper. A composite of 46 large...

December 8, 2021

NewsInvestment, Public Pensions, US

08DecDecember 8, 2021

Canadian pension funds to increase stakes in Mexico’s IDEAL

The controlling shareholders of Mexican construction company IDEAL (IDEALB1.MX), part of the business empire of tycoon Carlos Slim, signed an agreement for two Canadian pension funds to increase their shareholdings in the firm, IDEAL said on Tuesday. The accord, which is still pending corporate and government approval, would see Ontario Teachers' Pension Plan Board and Canada Pension Plan Investment Board up their holdings by 8.4% and 1.1% respectively, bringing each of their total holdings to 24.8%, IDEAL said in a...

December 8, 2021

NewsCanada, Investment, Mexico

07DecDecember 7, 2021

US. Boston to Divest From Fossil Fuels, Tobacco, Private Prisons

Boston Mayor Michelle Wu has signed into law an ordinance to divest the city from the fossil fuel, tobacco, and private prison industries by the end of 2025. The ordinance prohibits using public funds to invest in the stocks, securities, or other obligations of any company that derives more than 15% of its revenue from those industries. Under the new law, fossil fuel investments are defined as investments in any company that derives more than 15% of its revenue from...

December 7, 2021

News2021, ESG, Pension Management, US

07DecDecember 7, 2021

Sustainable finance roundtable: EIOPA announces its sustainable finance activities for the coming three years

The European Insurance and Occupational Pensions (EIOPA) is organising today its 5th Sustainable Finance Roundtable which gathers representatives from supervisors, industry, consumer organisations, and academia to discuss society's resilience to sustainability risks, the role of insurers and pensions and EIOPA's work in this area. On this occasion, EIOPA announced its three year plan which will help to integrate sustainable finance across all areas of its own work. From 2022-2024, EIOPA defined its key areas of activity: Integration of sustainability risks in...

December 7, 2021

News2021, EIOPA, ESG

07DecDecember 7, 2021

Iceland’s Gigantic Pension Fund Is Creating a Headache at Home

Iceland is confronting the trouble that comes with having a pension system so successful in amassing savings for future retirees that it was recently rated the best in the world. With assets now at about double the size of the north Atlantic island’s economy, the government is considering allowing investment managers to diversify by buying up more securities abroad, prompting the central bank to urge caution. The rules currently limit the share of overseas holdings in pension assets at 50%. “The...

December 7, 2021

News2021, Iceland, Investment, Political economy

07DecDecember 7, 2021

Jamaica. Informal Sector Workers to Get NIS Benefits

For the first time, Jamaica’s household helpers and fisherfolk will be able to secure pension benefits under the National Insurance Scheme (NIS) as the Government moves to formalise these sectors. This will be facilitated under the Transition to Formality Action Plan, which will see this segment of workers being able to access health and life insurance, pension and other facilities to provide them with security and protection in their work environment. The Action Plan, which was officially launched by Minister of...

December 7, 2021

News2021, Informal Sector, Jamaica, Social Security

07DecDecember 7, 2021

Low Pension Savings in Ukraine: Ahead of Reform?

Ukraine took the penultimate place in the ranking of pension savings among the countries of the world. Despite the work of non-state pension funds in the country, people are reluctant to use their services. There are several quite simple reasons for this. But the low place of Ukraine in the rating can accelerate the introduction of a mandatory funded pension. Poverty and Mistrust According to the Organization for Economic Cooperation and Development (OECD), Ukraine is ranked second to last in terms...

December 7, 2021

News2021, Private Pensions, System sustainability, Ukraine

06DecDecember 6, 2021

UK. Thousands of pension plans lost as billions accumulate – where does the money go?

MILLIONS of pension plans are at risk of being lost by Britain's workforce, with unclaimed policies racking up billions. So what happens to this money? And how can you check yours? A recent study conducted by a financial services firm has shown more than 200,000 people placed calls to the Department of Work and Pensions (DWP) in the past four years alone hunting for lost pensions. Some experts have claimed the amount in lost pensions within the UK system could...

December 6, 2021

NewsPension Management, UK

06DecDecember 6, 2021

Australia’s $3.3 trillion pension pot reaps dividends with ESG

Responsible investing is paying dividends for Australia's A$3.4 trillion (S$3.3 trillion) pension pot. Funds seen as sustainable leaders controlled 42 per cent of the assets in the nation's default savings plans last year, up from 28 per cent in 2019, according to the Responsible Investment Association of Australasia (RIAA). The 13 leading funds - which integrate environmental, social and governance (ESG) practices, are transparent and demonstrate a commitment to good governance and accountability - also outperformed rivals over three, five and...

December 6, 2021

NewsAustralia, ESG

06DecDecember 6, 2021

Few Companies Make The Hard Tradeoffs To Reduce Carbon Emissions

The law firm Crowell & Moring recently released a survey-based report that looked at how companies are navigating pressures to improve their environmental performance. The company surveyed 225 executives whose jobs included environmental, social, and governance issues. 56% of respondents said their company does NOT measure its carbon footprint. What may surprise many people is that increasing pressure from investors is the third most common reason - cited by one third of respondents - for companies to adopt environmental goals....

December 6, 2021

News2021, Climate crisis, Investment

December 2021