April 2021
19Apr

Asia Is Increasing Its ESG Asset Appetite

Sustainability funds explode onto the global financial scene, and the momentum is not stopping anytime soon. JPMorgan’s head of environmental, social, and governance research Elaine Wu pointed out that sustainability funds doubled in 2020, and the market segment could double again in Asia, CNBC reports. Read also Fintech but make it eco-friendly. “We’ve seen the amount of asset under management dedicated to ESG investing double in the last year,” Wu told CNBC. “We expect that to double again, in Asia, for the coming...

April 19, 2021
News, Slider, , ,
Read more...
19Apr

Vanguard launches price war in UK pensions market

Vanguard has launched its financial advice service in the UK, charging an 'all-inclusive' ongoing fee of 0.79 per cent. The headline cost will incorporate annual platform charges of 0.15 per cent, ongoing fund charges of 0.12 per cent, transaction costs and an advice fee of 0.5 per cent. Vanguard said it would not charge an initial, or any other, fee. The service will be targeted at clients with assets of £50,000 or more. The company is to focus on providing restricted advice...

April 19, 2021
News, Slider, ,
Read more...
19Apr

Fintech but make it eco-friendly.

Green finance has long been becoming more and more popular as the race to save our planet is increasingly important. For years now we’ve heard about how we all need to do our bit to slow the rapid pace of global warming and it seems like the message has taken a hold of the fintech world. There’s a growing trend among firms in the sector to operate in a more eco-conscious manner, from planting trees to offering fossil-fuel-free investment options, the...

April 19, 2021
News, Slider, , , ,
Read more...
19Apr

Ireland. Government in bid to resolve pensions dispute in community employment sector

The Government is set to table new proposals to resolve a long -running dispute over access to pensions for hundreds of community employment scheme supervisors. Minister for Public Expenditure Michael McGrath and Minister for Social Protection Heather Humphreys informed Government politicians that they had agreed on measures to deal with the issue. They told Government TDs and senators on Saturday that the Department of Social Protection would provide details to trade unions in the coming days. The proposal is expected to involve...

April 19, 2021
News, Slider, ,
Read more...
16Apr

Four Ways Covid-19 Has Changed Retirement

The Covid-19 pandemic is triggering a retirement rethink for many Americans. A survey by the National Institute on Retirement Security (NIRS) found that about half of Americans are now more concerned about their retirement security in light of the Covid-19 pandemic and are considering the possibility of working longer. At the same time, the pandemic has triggered a desire to retire earlier among other survey respondents. After all, Covid-19 has reminded everyone that life can be shorter than anticipated. The fallout extends...

April 16, 2021
News, Slider, , , ,
Read more...
16Apr

India. National Pension System: PFRDA to extend entry age to avail benefits

Senior citizens who have not yet got into the National Pension System (NPS) bandwagon may have some cause for cheer. Pension regulator PFRDA plans to soon extend the maximum entry age for availing NPS benefit to 70 years from the current 65 years, its Chairman Supratim Bandyopadhyay said on Thursday. Read also EU insurance regulator cracks down on unit-linked policy costs Simultaneously, the exit age limit is proposed to be extended from 70 years to 75 years, he said at a...

April 16, 2021
News, Slider, ,
Read more...
16Apr

Coinbase IPO: like it or not, you’re now invested in Bitcoin

Whether you think Bitcoin and other cryptocurrencies are a scam or an economic revolution, you are becoming increasingly exposed to them as financial institutions incorporate them into payments and investments. This year, both Mastercard and Visa have announced plans to allow payments using cryptocurrencies, and the US’s oldest bank, BNY Mellon, has begun accepting cryptocurrencies for its asset management clients. And with the cryptocurrency platform Coinbase selling shares from today via a direct listing on the Nasdaq stock exchange,...

April 16, 2021
News, Slider,
Read more...
15Apr

US Corporate Pension Funding Nudges Higher in FY 2020

Robust returns of 13.4% for the 100 largest corporate pension plans in the US offset a 67-basis-point drop in the discount rate to raise the plans’ funded ratio to 88.4% last year from 87.5% at the end of 2019, according to consulting firm Milliman’s “2021 Corporate Pension Funding Study.” The funded levels rebounded strongly during the second half of the year after the bottoming out at 81% in July. “Corporate pensions demonstrated their resilience in 2020 amidst a turbulent year of...

April 15, 2021
News, Slider, , ,
Read more...
15Apr

The Macro Challenges of Population Aging

A new paper jointly released today by The Concord Coalition and the Global Aging Institute (GAI) warns that the aging of the U.S. population not only threatens to overwhelm the budget, but could also usher in a future of permanently slower economic growth and diminished geopolitical stature. The paper, entitled The Macro Challenges of Population Aging, is the fifth in a series of issue briefs on the aging of America called The Shape of Things to Come. Read also Spain....

April 15, 2021
News, Slider, , , ,
Read more...
15Apr

Are Dutch pensions hesitant to absorb direct real estate write-offs?

Dutch pension funds reported substantially higher returns on their direct real estate returns in 2020 than on their investments in listed real estate equities during the same period. Despite the heavy losses in segments of the real estate market as a result of the coronavirus lockdowns, the value of Dutch pension funds’ direct real estate investments as reported to pensions regulator De Nederlandsche Bank (DNB) increased by 1% to €83.5bn compared with a reported decrease of 7% to €56.7bn for listed real estate. The...

April 15, 2021
News, Slider, , ,
Read more...