June 2020

17Jun

Ghana. Public sector pensioners call for better packages from SSNIT

Scores of pensioners and public sector workers have expressed dismay at the pension package offered by the Social Security and National Insurance Trust (SSNIT) saying they would embark on industrial action if the anomaly was not rectified. “There will be total lockdown of public sector activities on June 25, if SSNIT does not follow the correct procedure and formula in paying past credits to pensioners,” Mr Isaac Bampoe Addo, Chairman of the Forum for Public Sector Registered Pensions Schemes,...

June 17, 2020
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16Jun

Global pension assets rose to $32 trillion in 2019

According to information and data from the Organization for Economic Co-operation and Development, OECD, pension fund assets rose to $32 trillion in OECD area and $0.7 trillion in 29 other selected (non-OECD) reporting jurisdictions in 2019. A country by country analysis shows that the United States of America has the largest amount of pension fund assets in the amount of $18.8 trillion. The US is followed by the United Kingdom with pension assets of $3.6 trillion, Australia, $1.8 trillion,...

June 16, 2020
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16Jun

Australia’s Biggest Pension Fund Eyes PE, Credit Amid Low Rates

AustralianSuper, the nation’s largest pension fund, is seeking private-equity opportunities and looking to lift credit holdings as it sees limited returns from government bonds. The fund is holding more cash than it would traditionally, Mark Delaney, the chief investment officer of Melbourne-based AustralianSuper, told Bloomberg’s Inside Track series Tuesday. It is underweight government bonds and maintained its long-term weightings in equities during the market turbulence amid the coronavirus pandemic, Delaney said. “If we get a chance and the markets...

June 16, 2020
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16Jun

The future of aging in the US

What does the future of aging in America look like? For answers, every year we ask some of our newest Influencers in Aging to offer their views at the American Society on Aging’s Aging in America conference. The pandemic turned this year’s in-person panel into a June 11 webinar, and the Influencers’ forecasts — as well as their laments — couldn’t have been timelier. “I want to acknowledge that we as a country have had a few rough months...

June 16, 2020
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16Jun

Publication of EIOPA’s Annual Report 2019

Today, the European Insurance and Occupational Pensions Authority (EIOPA) published its 2019 Annual Report, setting out its activities and achievements of the past year. Throughout the course of the year, EIOPA continued to play an essential role in the supervision of insurance and pensions in Europe, working closely with national supervisory authorities, European institutions and other stakeholders to fulfil its strategic objectives set out in its annual work programme. EIOPA significantly strengthened its work on conduct of business supervision. EIOPA...

June 16, 2020
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15Jun

Top US pension fund aims to juice returns via $80bn leverage plan

Calpers is to move deeper into private equity and private debt by adopting a bold leverage strategy that the $395bn Californian public sector pension fund believes will help it achieve its ambitious 7 per cent rate of return. In a presentation to the Calpers board, Ben Meng, chief investment officer, said the giant fund would take on additional leverage via borrowings and financial instruments such as equity futures. Leverage could be as high as 20 per cent of the...

June 15, 2020
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15Jun

Pension giant and BNP Paribas AM unite for climate lobbying effort

AP7, BNP Paribas Asset Management and the Church of England Pensions Board have partnered with specialist advisory firm Chronos Sustainability to develop a framework to guide responsible corporate climate change lobbying The Swedish pension fund, French asset manager and English group have teamed up to better assess whether corporate lobbying is aligned with climate change goals, as set out in the Paris Agreement. The project will develop on existing efforts to create a credible and systematic means of measuring...

June 15, 2020
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15Jun

IBM Trials Blockchain Platform For Primary Teachers ’ Pensions in Bangladesh

IBM has started an initiative to create a distributed ledger technology (DLT) based framework that will form the back bone of digital pension program for Bangladeshi primary school teachers. The PoC (Proof-of-Concept) consists of a permissioned network of teachers and other partakers backed by the IBM Blockchain Platform, with pension data loaded on the blockchain to guarantee unalterable data keeping and offer safety guarantees to teachers partaking in GBB (Grameen Bank of Bangladesh) government supervising IT policy in the...

June 15, 2020
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15Jun

Multinational Firms Aim to Standardize Their Retirement Plans

More multinational companies are moving to standardize the retirement plans they offer across countries, aiming to level the playing field for employees and boost efficiency and compliance. A 2018 study by the American Benefits Institute and international-benefits consultant Aon found that almost three-quarters of the more than 250 multinational companies surveyed had at least some level of centralization in their employee-benefit programs, compared with just 40% in 2015. Some 83% said they expect to be somewhat centralized. Read more...

June 15, 2020
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12Jun

World’s Worst Stock Market Risks More Pain From Pension Selling

The world’s worst-performing stock market this year is at risk of an even steeper drop from a proposal to let Colombians tap pension savings during the coronavirus crisis. The government has held talks with private pension funds regarding an “important proposal” that would allow workers to draw down their retirement accounts, Finance Minister Alberto Carrasquilla told lawmakers Wednesday. The government has made “advances” on the issue, though hasn’t reached a decision, Carrasquilla said. The plan would likely need congressional...

June 12, 2020
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