European pension funds, including Sweden’s state funds, have been at the forefront of the institutional drive toward sustainable investing, and specifically the UN Sustainable Development Goals. Read More: Impact Alpha
As a long-term resident of Spain, British ex-pat John Barlow had no hand in his country’s decision to leave the European Union. That doesn’t mean he’ll escape the consequences. Like thousands of British retirees living in European Union countries, Barlow, 72, could lose access to his private pension unless UK and European negotiators reach a deal that allows the payments to continue after Brexit. With less than a year before the official exit date, the two sides haven’t even started...
With a historically low unemployment rate, more and more businesses across the country are turning to teenagers to help fill the gap. According to The Wall Street Journal, "The 12-month average unemployment rate for teens in March was 13.9%, the lowest year-round average since 2001 and about half that in 2010." A competitive job market is drawing a growing number of workers who have been out of the workforce back in, including teenagers. Some companies are even dropping age...
The Pensions Regulator (TPR) has published its corporate plan setting out how it is taking a clearer, quicker and tougher approach to driving up standards in the pensions sector. The corporate plan for 2018 – 2021 outlines how TPR will focus on key areas of activity, including: driving up standards of trusteeship and stewardship across all pension schemes authorising master trust schemes ensuring employers meet their automatic enrolment duties ensuring defined benefit (DB) schemes are effectively regulated working with government to implement the proposals set...
B.C.’s finance minister says there’s nothing hypocritical about the province’s public sector pensions investing in Kinder Morgan while the government fights the company’s Trans Mountain pipeline expansion. B.C. public sector pensions –including those of the public service, B.C. teachers and BC Hydro employees — are administered by a Crown corporation called the BC Investment (BCI) Corporation. It has 1.12 million Kinder Morgan shares, and has added some 21,000 in recent months. The investment is worth about $18 million of the $135.5...
Canada’s largest pension funds are fixing their gaze on Asia Pacific to fund the beachfront retirement dreams of today’s workers, says a new report. The report, released by the Asia Pacific Foundation of Canada (APFC), found that between 2003 and 2017, Canadian pension funds invested $25 billion in the region, with the Canada Pension Plan Investment Board, the Ontario Teachers’ Pension Plan Board and the Caisse de dépôt et placement du Québec is the top three investors. Read More: Asian Pacific Post
US insurer MetLife Inc (MET.N) has entered into an agreement to provide pension benefits for about 41,000 FedEx Corp (FDX.N) retirees and beneficiaries through an annuity, the two companies said on Tuesday. MetLife and FedEx expect to close the deal, which includes about $6 billion in pension obligations, on May 10, they said. The deal is the first “jumbo-sized” U.S. transfer of pension obligations to an insurer, measured by premium, since 2013, wrote Wells Fargo Securities LLC analyst Sean Dargan in...
Retirement income functions much differently from income during your working years. When you were employed, you most likely had a single employer and a single income source. As a retiree, you likely receive income from multiple sources, including Social Security, one or more IRAs, possibly a pension, and an investment account or two. While working you receive a check on a recurring basis (i.e., every two weeks). As a retired person, you might receive income monthly, quarterly, annually and even...
Now, they're thinking about selling their home and skipping their annual trip to Maine. They've already dipped into their savings. This is not the retirement they planned for. After working for 30 years as a truck driver for UPS, Van Alstyne was promised $5,141 a month by the The New York State Teamsters Conference Pension and Retirement Fund. "I hated the job from day one, but I stayed with it because I was promised a secure pension," said Van Alstyne, now...
The Resolution Foundation is not short of ambition. It believes its new report, A New Generational Contract, can reframe the political debate, shifting it away from free-market, small state concerns towards the new anxieties of voters. The report underlines how funding for the NHS has become a priority for every generation of voters, while even the older, affluent middle classes are worried that their children will never be able to buy a home. David Willetts, the former Conservative cabinet minister who...
