December 2020

01Dec

Nigeria. The pros and cons of Pension Fund Administrator transfer

After my first article on the best pension fund managers in Nigeria, a few people have commented differently on the article. In response to the comments, I have decided to do another article on the pros and cons of Pension Fund Administrator (PFA) transfer. Here are some of the advantages Better Performance The major reason for any investment is to make gains. Most investment gains are measured with investment performance. When a fund manager performs poorly relative...

December 1, 2020
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November 2020

30Nov

China’s plans to hike retirement age from 60 fuels public discontent

China is making a new push to raise one of the world’s lowest retirement ages as it tries to cope with a rapidly aging population, a move that’s already fueling public discontent and will test the Communist Party’s ability to implement reforms. The ruling party alluded to the change earlier this month when it released an outline of its five-year economic plan, which included a recommendation to “implement postponing the retirement age.” Specific measures in the plan are due...

November 30, 2020
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30Nov

Canadian pension funds, insurers seeking private debt face shrinking pool of lower-risk firms

Canadian pension funds and insurers are facing a shrinking universe of higher-quality private debt investments to lift returns in a low-yield world, as the coronavirus pandemic has crushed many businesses, while banks maintain lending to better ones. The tightening supply of this high-yielding credit comes as many Canadian institutional investors have been accelerating their exposure to the private debt. Private credit is issued primarily by closely held companies, offering a premium over corporate bonds due to fewer disclosures and...

November 30, 2020
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30Nov

How To Save For A Pension During Coronavirus

Retirement and pensions may not seem like pressing issues for young adults, but saving early can make a huge difference to your future finances. However, due to coronavirus, many young people are facing financial uncertainty and saving for a pension isn't exactly a high priority. If this applies to you, there are ways to save for a pension during COVID safely without worrying about losing money. Whether you're on a pension scheme through your workplace or you have a...

November 30, 2020
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30Nov

COVID-19: How do pension systems fare?

Saving for retirement is the primary investment objective for most individuals. Yet the ability to meet this objective depends not only on the investments made, but on the system on which retirement income provision rests. Put simply, how well a pension system is designed, including the level of benefits it provides, its sustainability, and its governance, has a critical bearing on the ability to meet one’s retirement goals. Pension funds, as some of the biggest institutional investors in financial...

November 30, 2020
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27Nov

U.K. clarifies timeline for reform of inflation measure

Investment consultants and the Pensions and Lifetime Savings Association welcomed clarity over the future use of the retail price index to calculate U.K pension benefits and liabilities, but warned that the change will still be detrimental to participants. Chancellor of the Exchequer Rishi Sunak announced Wednesday that the RPI calculation of inflation will be reformed to bring it into line with another measure of inflation — the consumer price index — starting in 2030 at the earliest. The change...

November 27, 2020
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27Nov

Five reasons to invest in pensions technology

The world has changed exponentially in 2020, leading many multinationals to ask valid questions about how they can enhance their global operations. As a significant expense for any business, pensions and benefits have come into the spotlight. Read also With more childcare and domestic work, the pandemic poses a ‘real danger’ to women’s progress, UN finds More than ever, the pressure is on for benefits teams to demonstrate that they are taking steps to minimise spend and avoid curbing...

November 27, 2020
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27Nov

With more childcare and domestic work, the pandemic poses a ‘real danger’ to women’s progress, UN finds

Since the onset of the coronavirus pandemic, women have been bearing the brunt of extra childcare duties and unpaid domestic work, a study by the United Nations (UN) has found. Women in a number of countries around the world have been spending around 31 hours on average a week on childcare, the study by the UN’s gender equality body, UN Women, found. This was an average 5.2 hours a week more than pre-pandemic time spent on childcare,...

November 27, 2020
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27Nov

UK. State pension rise will go ahead in 2021

State pensions will rise by 2.5 per cent next year, the government has announced. In her statutory annual review of benefit and State Pension rates, Therese Coffey, secretary of state for work and pensions, confirmed the state pension hike, in line with the government’s manifesto commitment not to tinker with the triple lock. The new rates will come into effect on April 12, 2021 and apply to the 2021/22 tax year. She said: “The Social Security (Up-rating of Benefits)...

November 27, 2020
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26Nov

In unprecedented move, Canadian pension funds unite to call for greater ESG standards

In an unprecedented move, some of Canada’s largest institutional investors have banded together to ask companies for more rigorous disclosures of environmental, social and governance factors, an effort they say is meant to promote more sustainable and inclusive economic growth. Read also Swedish pension giant and LGIM launch sustainable EM equity fund A group of eight pension funds, which together manage a total of about $1.6 trillion in assets, called on corporations in a joint statement Wednesday to standardize their...

November 26, 2020
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