January 2025
14Jan

China. Private pension plan to boost capital markets

The implementation of a private pension program nationwide will serve as an important driver for the increased maturity of Chinese capital markets, but there is still room for it to attract more users with a willingness to open accounts and invest, said experts. According to a notice jointly released by five central government departments, including the Ministry of Human Resources and Social Security, the Ministry of Finance and the State Taxation Administration, the private pension program began to be fully...

January 14, 2025
News, Slider,
Read more...
14Jan

Romanian private pension fund assets jump 19% in 2024 on year

Assets held by Romania's seven mandatory private pension funds jumped 19% on the year to 150.85 billion lei ($31.15 billion) in 2024, with the average yield at 5.74%, slightly above the 5.1% annual inflation rate, the industry association said on Tuesday. The European Union member state overhauled its communist-era pension system in 2008, making it compulsory for working Romanians under 35 to contribute to a "second pillar" of private pension schemes as well as their state pension. Roughly 8.3 million Romanians...

January 14, 2025
News, Slider, ,
Read more...
13Jan

Europe’s top pension fund divests $585 million stake in Tesla

Europe's largest pension fund, Stichting Pensioenfonds ABP, has sold off its entire stake in Tesla (NASDAQ:TSLA) Inc., valued at $585 million, during the third quarter. The decision was influenced by several factors, including a disagreement over CEO Elon Musk's compensation package. Stichting Pensioenfonds ABP spokesperson stated on Sunday that the fund had issues with Musk's pay package. The decision to divest was also influenced by considerations of costs, returns, and responsible investment requirements. The Dutch newspaper Het Financieele Dagblad originally reported...

January 13, 2025
News, Slider, ,
Read more...
13Jan

PensionBee Launches New Climate Plan to Help Customers Invest in Line With the Paris Agreement Goals

PensionBee, a leader in the consumer retirement market, has launched its new Climate Plan that sets a clear standard for climate-focused pensions. This plan not only excludes fossil fuel producers but also commits to continually reducing the total intensity of greenhouse gas (GHG) emissions produced by companies in the plan by 10% annually. So, even if the global economy uses more carbon over time, the Climate Plan will move in the opposite direction, always using less. Building on the success of...

January 13, 2025
News, Slider, , ,
Read more...
13Jan

Turkish Parliament set to discuss new bills, pensions

Parliament’s General Assembly will resume its weekly work on Tuesday with an agenda dominated by draft bills and a debate on pensions. Lawmakers will discuss the ruling Justice and Development Party’s (AK Party) bill for the establishment of the Turkish Justice Academy, an educational institution first of its kind for intra-judiciary training. The bill proposes the eligibility of judges and prosecutors with at least an eight-year career in the profession for assignment to the academy. The academy will also host...

January 13, 2025
News, Slider,
Read more...
13Jan

US. Could climate change cost pensions 44 per cent?

Climate change is a complex financial risk. Its immediate impact on weather patterns and the various societal responses to a changing climate will influence GDP growth, inflation and ultimately, financial markets. An inaugural climate report released by Ortec Finance has found that Canadian pension funds are among the funds most vulnerable to climate change, second only to US pensions. Climate risk specialist at Ortec and author of the report Doruk Onal says Canadian pension funds are expected to experience profound...

January 13, 2025
News, Slider,
Read more...
13Jan

Pension managers urge UK to ditch ‘megafund’ scale test

UK pension managers have objected to government plans to force the creation of a series of “megafunds”, arguing it could stifle competition and hamper investment returns. Fund managers say that the government should focus on optimising value for savers rather than applying an “arbitrary” scale test for pension funds that could discourage new market entrants and force some funds to merge with underperforming peers. The criticisms come after the government said last year defined contribution (DC) workplace pension schemes should consolidate...

January 13, 2025
News, Slider, ,
Read more...
10Jan

The regions racing to become the “Silicon Valley” of an aging world

In 2018, when Inc. Magazine named Boston one of the country’s top places to start a business, it highlighted one significant reason: Boston is an innovation hub for products and services catering toward the aging population. The “longevity economy” represents a massive chunk of economic opportunity: As of 2020, the over-50 market contributed $45 trillion to global GDP, or 34 percent of the total, according to AARP and Economist Impact. What makes Boston such a good place to do business in aging? One important factor,...

January 10, 2025
News, Slider,
Read more...
10Jan

UK. What the bond market turmoil means for your mortgage, pension and savings

The bond market sell-off has revived fears about rising borrowing costs after the crisis that followed Liz Truss’s disastrous mini budget in 2022. However, experts are suggesting there is no need to panic. Here is what it may mean for mortgages, pensions and savings. Pensions If you are aged under 50 and are saving into a pension, it is unlikely any of your money will be in bonds. It is instead probably going into stock market-based investments, and any short-term fall...

January 10, 2025
News, Slider, ,
Read more...
10Jan

US. What We Need to Do to Protect Retirees’ Financial Security

As Americans live longer, the challenge of safeguarding the financial well-being of older and vulnerable populations — particularly those facing cognitive decline — has grown more urgent. For retirees who have spent decades contributing to pension plans or hoping to manage their financial futures via 401(k) plans, the golden years should provide peace of mind. However, without proper protections in place, some of these people may be at risk of losing their financial security at the most vulnerable stage of life. As...

January 10, 2025
News, Slider, Uncategorized,
Read more...