September 2019

18Sep

Millennials share their retirement plans on Twitter — let’s just say it’s not good

Climate change. Wars. Overworking. Unnecessary meetings. And just flat out being broke. These are some of the reasons why millennials aren’t planning for much of a retirement. Twitter TWTR, -0.83% erupted with suggestions as to how this young generation could spend their old age, using the hashtag #millennialretirementplans, on Tuesday morning. More of the tweets were pessimistic, but some made light of their situations. A few said they’d continue to live in their parents’ basements, while another person...

September 18, 2019
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18Sep

Pension auto-enrolment at risk of being stalled, warns Irish Life

The Government’s plan to introduce mandatory private pensions for all workers above a certain income limit by 2022 is now in danger of being stalled, putting at risk the adequacy of worker’s future pension pots. With private pensions still inadequate – research from the Economic and Social Research Institute last week found that women are retiring with significantly smaller pension pots then men – Irish Life, in its pre-budget statement, says the introduction of auto-enrolment needs to be “expedited”....

September 18, 2019
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18Sep

Investors Urge South Africa to Leave Their $163 Billion Savings

South Africa’s 2.4 trillion rand ($163 billion) savings industry has a request for the ruling party: stop threatening to dictate where funds must invest and get going on projects that pensions can help finance. “You can prescribe, but nothing will happen unless you have proper projects,” Leon Campher, the chief executive officer of the Association for Savings and Investment South Africa, an industry body of fund managers and insurers, said in an interview in Johannesburg. “The savings industry would...

September 18, 2019
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18Sep

Hooray, LDI Is Progressively Making Corporate Pension Portfolios Less Risky

Liability-driven investing has made great strides toward its goal of lowering the risk for corporate defined benefit plans. With the advent of under-funded pension programs, LDI has emerged as the most widely used antidote. The idea is that, by de-risking portfolios, plan managers can prevent any further erosion of their assets’ value and at the same time inch back to the fully funded level (their ability to match obligations to participants). And it looks as if many are pulling...

September 18, 2019
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18Sep

France. How Emmanuel Macron’s pension reforms could paralyse his presidency

Last Friday, the Paris transport system came to a standstill. Employees at RATP, the company that runs the metro and bus lines as well as suburban RER trains, launched the biggest French strike for more than a decade: between 60 and 98 per cent of the workforce took action, according to trade unions. With ten metro lines completely closed and buses, trams and RER trains scarcely running, the strike wreaked havoc on Paris streets. People resorted to cars to...

September 18, 2019
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17Sep

France. Lawyers, doctors, nurses protest pension changes

Thousands of French professionals, including lawyers and doctors, took to the streets of Paris Monday in the latest protest against the government's planned pension changes. The protest saw lawyers, doctors, nurses and others in regulated professions vent their displeasure at the proposed changes that President Emmanuel Macron's government says will simplify France's convoluted pensions system. The government has promised the legal retirement age of 62 won't change, but new conditions may encourage people to work longer. A large majority...

September 17, 2019
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17Sep

ECB Has $51 Billion Fund Questioning Future of Inflation Hedging

The European Central Bank’s latest round of easing sent a signal to institutional investors that their inflation hedges may be growing more pointless by the day. In the northernmost corner of the euro zone, a $51 billion pension fund says ECB President Mario Draghi isn’t giving his industry much hope that things will improve. “So far, the less you’ve hedged, the better off you’ve been,” Reima Rytsola, the chief investment officer of Varma Mutual Pension Insurance Co., said in...

September 17, 2019
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17Sep

Where is the increase to pension in Russia ?

Now it is safe to say that with fanfare announced the increase to pension to pensioners in the amount of $ 1000 has not led to the desired result. 　 In the first quarter of 2019, a significant number of pensioners began to complain about rising prices and argue that even the increased pensions they don’t have enough for a decent life. 　 Moreover, we must honestly admit that a significant number of pensioners received a pension less than...

September 17, 2019
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13Sep

France. Paris traffic gridlock as metro workers strike over pension reform

Paris metro workers walked off the job Friday over plans for a major overhaul of the pension system, sparking huge traffic jams as commuters scrambled to find other ways of getting to work. Ten of the city's 16 metro lines were shut down completely, while service on most others was "extremely disrupted," the city's RATP transit operator said. Massive crowds waited on the platforms of the two automated driverless lines still operating and officials counted nearly 300 kilometres (185...

September 13, 2019
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13Sep

How Making Smart Financial Decisions Can Have a Positive Impact on Climate Change

There’s a lot of responsibility that comes with managing a fund with $1.5 trillion in assets—a responsibility that Japan’s Government Pension Investment Fund (GPIF), the largest pension fund in the world, faces every day. We have more than 5,000 stocks and 3,400 bond issuers in our portfolio, and the fund is designed to operate with a 100-year, multi­generational time frame. Unlike investors with a shorter time horizon, we consider climate change to be a systemic risk affecting the entire...

September 13, 2019
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