October 2020

26Oct

UK pension funds to boost renewables, survey finds

Pension funds in the UK are set to increase their investments in renewable energy as the sector draws investors with attractive returns, says a survey of 50 pension fund investors by Pureprofile and real estate investment firm Alpha Real Capital. The survey found that nearly 70% of pension funds plan to increase their allocations to renewables over the next five years, while 10% expect to cut their positions. Some 74% of pension funds surveyed already invest in the...

October 26, 2020
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26Oct

Chileans vote to change their constitution in hopes of better pensions and socioeconomic equality

Chileans have overwhelmingly voted to rewrite the South American country's dictatorship-era constitution, which its critics see as favouring deep levels of socioeconomic inequality that fuelled a wave of violent protests in 2019 and 2020. With 90.78 per cent of polling stations counted, 78.24 per cent voted in favour of a new constitution, while 21.76 voted against, according to figures released by the Electoral Service on Sunday night, (Monday AEDT). Read also Jamaica. Alternative investments a must for the modern...

October 26, 2020
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26Oct

Jamaica. Alternative investments a must for the modern portfolio

Alternative investments have been creating quite a buzz in the financial market as investors contend with the effects of a global pandemic, geopolitical risks, and the resulting impact on the performance of traditional assets such as stocks and bonds. This roller coaster experience in traditional asset prices caused by the aforementioned factors is expected to become the new normal but has negative implications for long-term financial goals. As a result, the search for investments in assets in non-traditional spaces, which...

October 26, 2020
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26Oct

Young people in the UK expect to retire before turning 64

On average, young people between the ages of 18 and 34, expect to retire at the age of 63 and eight months, while one in eight are looking to retire by 55, new data has shown. A survey by Opinium for investment platform Hargreaves Lansdown said that in contrast, those over 55 expect to retire on average at 67 and 11 months, with 20% aiming to stop work after 70. The current average age of retirement in the UK...

October 26, 2020
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23Oct

Ethical investment remains a work in progress

The flurry of activity around Good Money Week this year feels more than justified. Launched in 2005, this annual initiative — which starts on Saturday — aims to help people understand the benefits of sustainable and ethical finance, whether in pensions, investments or savings. And 15 years on, Covid-19 is providing new motivation for investors to explore investing in ethical funds. Read also Canada. Quebec Pension Launches Fund to Boost Diversity in Smaller Firms The hard months of lockdown have...

October 23, 2020
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23Oct

US. The DOL’s ESG Proposal and DB Plans

There´s a lot of money in corporate defined benefit (DB) plans, and it can make a difference how those assets are invested. Cooper Abbott, president and chairman of Carillon Tower Advisers, notes that the Department of Labor (DOL) oversees employee benefit plans that represent approximately $10 trillion in combined assets under the Employee Retirement Income Security Act (ERISA). Of this total, about $8 trillion is in mutual and other funds, and about $2 trillion is in directly...

October 23, 2020
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23Oct

Number of people working beyond retirement age on the rise in Germany

According to new statistics, around 1,3 million people in Germany who have reached the standard retirement age were still employed in 2019. Living to work The number of pensioners who are still working continues to rise in Germany. At the request of the AfD, the Federal Employment Agency has revealed that around 1,29 million people who had reached the standard retirement age were still gainfully employed in 2019. This amounts to around 400.000 more people compared to 2010, a...

October 23, 2020
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23Oct

UK. The Pensions Regulator issues guidance on £170bn pension ‘superfunds’

The Pensions Regulator (TPR) has published new guidance for trustees and employers on transferring to defined benefit (DB) ‘superfunds’, as PwC research suggests up to one million pension scheme members and £170bn of assets could take this route over the next decade DB superfunds offer a way for employers to consolidate existing schemes, by replacing the sponsoring employer with a capital-backed vehicle or a special purpose vehicle (SPV). They create a large retirement savings fund which includes different company...

October 23, 2020
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23Oct

How Well-Prepared Are Pension Funds for Climate Risk?

A major report recently released by United States federal regulators warns that climate change is starting to disrupt U.S. financial markets, as the costs of wildfires, floods and droughts penetrate insurance and mortgage markets. The report by the bipartisan Commodity Future Trading Commission (CFTC) lays out how escalating climate risks could threaten pension payouts over the coming decades. Divya Mankikar is an investment manager at CalPERS, the public pension for California’s public employees and the world’s largest pension...

October 23, 2020
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22Oct

US. Pension Fund Freezes New Investment With Apollo Over Founder’s Epstein Ties

A pension fund for Pennsylvania teachers said it had frozen new investments with Apollo Global Management amid concerns about ties between its founder, Leon Black, and Jeffrey Epstein. The $63 billion Pennsylvania Public School Employees’ Retirement System said it spoke with Apollo officials last week after a New York Times report detailed the financial ties between the two men. Mr. Black made at least $50 million in payments and donations to entities affiliated with Mr. Epstein in the years...

October 22, 2020
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