October 2020

30Oct

How are Japanese corporate funds adapting to global economic challenges

Since 2016, a Japanese publication for institutional investors, AL-IN, has periodical surveyed Japanese corporate pension funds to determine what products best serve them as they confront structural and market changes. The 2018 edition of the survey found pension funds preparing for a domestic economic downturn. Income gains were already slack and pension funds sought bond-related and low-liquidity assets to cover the shortfall. Since then, investment and financial markets have been defined by the U.S. Federal Reserve’s shift in monetary...

October 30, 2020
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30Oct

Equity returns fuel Q3 Canadian pension fund returns

Strong global equity markets continue to augment pension plan returns with Canadian defined benefit plans returning 3.2 percent for the third quarter, according to the Northern Trust Canada Universe. The Northern Trust Canada Universe tracks the performance of Canadian institutional investment plans that subscribe to performance measurement services as part of Northern Trust’s asset service offerings. Overall, equity markets navigated pockets of volatility, closing the quarter in positive territory, while financial markets appeared to shrug off fears perpetuated by...

October 30, 2020
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30Oct

COVID-19 and the Future of Aging: A Public Health Forecast

Milken Institute Center for the Future of Aging: What has the COVID-19 pandemic shown us about the importance of investment in public health — are there opportunities for improvement that can be made in time to help? Dr. Linda Fried: COVID-19 has unmasked so many areas where the United States has not invested adequately to protect its people. A key example is our public health system. It should be responsible for creating seventy percent of the health of our...

October 30, 2020
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29Oct

UK. Pensions Dashboards delayed until 2023

The long-awaited roll-out of Pensions Dashboards has been pushed back to 2023 – four years after the initial deadline for the scheme. Pensions Dashboards will allow savers to view all their various pension pots in one place – including the government pension, workplace pensions and any private pensions. Read also UK pension funds to boost renewables, survey finds Currently savers have to look at these pots separately, which can make it difficult to keep track. Read also UK. DWP launches ‘Stronger Nudge’ plans...

October 29, 2020
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29Oct

Pension fund of S.Africa’s Eskom to invest $170 mln in U.S. projects

The pension fund of South Africa's indebted power utility Eskom plans to invest $170 million in private equity, infrastructure and real estate projects in the United States, the U.S. embassy in South Africa said on Wednesday. Eskom Pension and Provident Fund (EPPF) will invest $100 million in private equity managed by AlpInvest and $30 million in real estate managed by Metropolitan. The two companies are owned by U.S. private equity firm Carlyle Group. The remaining $40 million infrastructure investment will be...

October 29, 2020
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29Oct

US. Most Workers Believe COVID-19 Will Affect Their Retirement Planning

Market volatility driven by the COVID-19 pandemic and a contentious U.S. presidential election have struck fear in pre-retirees about their ability to save for the future, according to new survey results.  Principal Financial Group’s quarterly Retirement Security Pulse Survey, which looks at consumer concerns surrounding their retirement savings, finds that nearly two-thirds of workers anticipate the pandemic will impact their path to retirement.  While most retirees feel they can live comfortably over the coming months, that confidence wanes when they think longer...

October 29, 2020
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29Oct

Highlights of China’s elderly care over past five years

China has been running at full tilt to foster a social environment in which senior citizens are respected, cared for and live happily in the span of the 13th Five-Year Plan (2016-2020), given the country's fast-growing aging population. By the end of 2019, China had a population of 254 million aged 60 or above, accounting for 18.1 percent of the national population. The number is expected to exceed 300 million in the next five years, according to the Ministry of...

October 29, 2020
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28Oct

Asia’s pension systems forced to cut back under COVID pressures

The coronavirus pandemic is weighing on Asia's pension systems, raising concerns about whether some will be up to the task of allowing future retirees to live comfortably. Read also How are Japanese corporate funds adapting to global economic challenges Across the region, employers hit by lockdowns and slower economic activity are struggling to keep pension funds topped up. Governments have responded by scaling back contribution requirements. Read also Highlights of China’s elderly care over past five years "The economic recession caused...

October 28, 2020
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28Oct

UK. DWP launches ‘Stronger Nudge’ plans to boost Pension Wise usage

Pension Wise is a public website/service set up by government to help people understand their pensions and seek additional guidance if needed. Today, the Department for Work and Pensions (DWP) has launched plans to boost pension guidance take up by "nudging" people towards the help available. Pension assets can be notoriously confusing and tricky to manage given their complexity and rules which change from scheme to scheme. To address these issues, the government set up Pension Wise in 2015...

October 28, 2020
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28Oct

Saudi Arabia pension system shows positive signs in 2020

We show you our most important and recent visitors news details Saudi Arabia pension system shows positive signs in 2020 Global Pension Index in the following article Hind Al Soulia - Riyadh - RIYADH — Mercer released the results of its 2020 Mercer CFA Institute Global Pension Index survey (MCGPI) that benchmarks retirement income systems around the World. According to the survey, Saudi Arabia had an overall index value of 57.5 among the countries analyzed, scoring slightly higher than...

October 28, 2020
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