February 2022
14Feb

US. Pension plans increasing their focus on allocating to diverse asset managers

U.S. pension funds are allocating more to diverse money managers and taking more steps to measure how their assets are allocated and articulate formal policies on their processes. This is the second year Pensions & Investments has surveyed the top 200 U.S. retirement plans regarding defined benefit plan assets managed by money management firms owned by women, minorities, people with disabilities and veterans. As of Sept. 30, respondents said a total $120.7 billion was managed by WMDV-owned managers, up from $68.4...

February 14, 2022
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14Feb

UK. Lecturers strike again over USS benefit cuts

On the go: Staff at 44 institutions are to walk out once again over planned benefit cuts to the Universities Superannuation Scheme. The strike is the latest episode in a long dispute between the USS trustee, employer group Universities UK, and the University and College Union over the resolution of the scheme’s controversial 2020 valuation. The trustee has until the end of the month to submit a schedule of contributions to regulators. Absent a deal, the conclusions reached by the 2020...

February 14, 2022
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14Feb

French Prime Minister Castex: pensions to be adjusted to factor in inflation

French Prime Minister Jean Castex told France 2 TV on Friday that pensions would be adjusted to factor in inflation. French inflation fell less than expected in January as it eased back from a 13-year high on lower prices for manufactured goods due to winter sales. The INSEE statistics agency said consumer prices rose 0.1% in January, giving a 12-month inflation rate of 3.3%, down from 3.4% in December.   Read more @Financial Post 405 views

February 14, 2022
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14Feb

Ghana. GH¢10bn private pensions funds available for investment in GSE securities – Deputy MD

Abena Amoah, Deputy Managing Director (MD) of Ghana Stock Exchange (GSE), has said GH¢10 billion private pensions fund is available for investments in GSE listed equity and debt securities. She, therefore, called on specified entities, including State-Owned Enterprises (SOEs), to take advantage of such financing and investment opportunities to enhance their operations and make them economically viable. Ms Amoah further urged specified entities to assess and raise Patient Long-term Capital by becoming issuers of equity or debt securities as a support...

February 14, 2022
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14Feb

US. A monumental year pushes assets up 17%

The 1,000 largest U.S. retirement plans had a banner year, propelled in large part by strong returns in public and private equity and other alternative investment strategies, as well as from higher contributions to defined benefit and defined contribution plans. In the year ended Sept. 30, aggregate assets of the 1,000 largest U.S. retirement funds rose 16.9% to $14.13 trillion, a big improvement from the previous year when assets managed to rise 6.6% amid the first year of the COVID-19...

February 14, 2022
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11Feb

US. New York’s public pension fund to divest from 21 companies over transition risk

New York’s public pension fund has announced it will divest from nearly two dozen stocks involved in shale oil and gas production. The New York State Common Retirement Fund, which manages around $280 bn on behalf of more than one million individuals, says the 21 companies have ‘failed to demonstrate they are prepared for the transition to a low-carbon economy’. ‘As market forces and new policies drive the energy transition, we must align our investments with a profitable and dynamic future,’...

February 11, 2022
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11Feb

UK. Force pension funds to align with net zero goal, says Richard Curtis

Pension funds should face legal obligations to bring their investments in line with the net zero greenhouse gas emissions goal, the film-maker Richard Curtis has said. Curtis, a co-founder of the Make My Money Matter campaigning group, urged ministers to follow up the UK’s legal commitment to reach net zero emissions by 2050 by making it mandatory for pension schemes to align their portfolios with the target. He told the Guardian: “The moment has arrived. Why not invest in sustainable investments?...

February 11, 2022
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11Feb

Tunji Andrews is Building Awabah, a Pension Platform for Nigeria´s Informal Sector

The world’s population is expected to grow by 2 billion people from 7.7 billion in 2019 to 9.7 billion in 2050. The report suggested that nine countries would make up over half the projected growth of the global population, five of which are African countries – Nigeria, the Democratic Republic of Congo (DRC), Ethiopia, Tanzania and Egypt. In agreement, Cities Alliance reported that about 95 per cent of this growth will happen in low and middle-income countries globally. Africa is...

February 11, 2022
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10Feb

Mexico. Regulator calls on Afores to invest in local projects

The risk aversion of Mexico’s private pension fund administrators (Afores) is impeding growth, the head of pensions watchdog Consar told a webinar. “They have lots of resources, but local projects, which could be growth boosters, are lacking,” Iván Pliego Moreno said during a webinar organized by Nuevo León’s economists college. Read also US. New York’s public pension fund to divest from 21 companies over transition risk Pliego claimed Afores only choose 'AAA' investment projects as apparently 'BBB' ones “are not that attractive...

February 10, 2022
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10Feb

Latin America lags on decarbonization financing, report says

Decarbonization efforts in Latin America are being held back by lack of policy and private sector financing, according to a report released Wednesday by Janus Henderson Investors. Read also UK. Force pension funds to align with net zero goal, says Richard Curtis The Janus Henderson Latin America Decarbonization Report found that climate bond issuance in Latin America, at $45 billion in 12 countries at the end of 2021, is relatively small compared to the size of the region and to the...

February 10, 2022
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