Slider Archives - Page 285 of 454 - Pension Policy International

18JunJune 18, 2019

Pension funds’ fixed income allocations losing ground in growth markets: report

In Africa, Asia, Latin America and the Middle East, pension funds are increasing their exposure to equities at the expense of fixed income, according to a new report by Mercer. In aggregate, over the five-year measurement period, average allocations to equities for the growth markets covered by the report rose eight percentage points to 40 per cent, while fixed income allocations decreased 11.3 percentage points to 45.6 per cent. Allocations to alternatives, cash and other asset classes, which accounted...

June 18, 2019

News, Slider

17JunJune 17, 2019

G-20 Put Global Aging On The Agenda, But Did They Define Longevity As A Problem, Or An Opportunity?

The G-20, the world’s finance ministers and central bankers, are meeting in Japan. In keeping with the backdrop of Japan, the nation with the world’s fastest-aging population, global aging has made its way to the front of G-20’s agenda. Japanese Finance Minister Taro Aso is quoted as warning the world’s financial decision makers that they must act now to take “effective measures against it.” Those who are invested in making the world a better place for older adults have...

June 17, 2019

News, Slider

17JunJune 17, 2019

How to take advantage of all the uncertainty with the stock market

As the stock market swings amid tariff and trade war threats, you might get nervous about the effects on your 401(k) or other investments. But a shaky market is no reason to stray from your financial plan. Behavior at the end of 2018 is a striking example. As the market soured in the final months of the year, investors pulled funds to mitigate losses, according to DALBAR's 2018 Investor Behavior Study, but not nearly enough to avoid the full...

June 17, 2019

News, Slider2019, US

17JunJune 17, 2019

Is it normal to face €2,300 fee on UK pension transfer?

I am a 54-year-old woman, who has 20 years of various pensions from working in the UK. I have been living and working in Ireland for 14 years. The transfer value of my UK private pensions totals about £250,000 (€283,000). I have been discussing this with a number of financial advisers - and am now close to transferring my pensions to Ireland. Part of my pension portfolio comes from an eight-year service with a bank I have worked with...

June 17, 2019

News, Slider2019, UK

14JunJune 14, 2019

Australian regulator slaps stricter conditions on AMP’s pension funds, shares fall

Australia’s banking watchdog on Friday said it had imposed stricter licensing conditions on AMP Ltd’s pension fund units following concerns regarding its compliance with superannuation laws, sending its shares down more than 4%. The move comes as the country’s largest listed wealth manager works to rebuild its brand after revelations of serious wrongdoing at an inquiry into the financial sector last year, including the charging of fees for services not rendered. Responding to the Australian Prudential Regulation Authority (APRA),...

June 14, 2019

News, Slider2019, Australia

14JunJune 14, 2019

Zimbabwe pensioners face delay in payments amid currency row

Payments to 200,000 retirees on Zimbabwe’s public pensions scheme could be delayed this month, the national social security agency said, after a foreign currency dispute erupted between local banks and a payments software vendor. Zimbabwe is battling an extended foreign currency crisis which has affected key imports such as electricity, fuel and medicines. Many firms with foreign ownership are also struggling to repatriate dividends to non-resident shareholders. Its National Social Security Authority, a mandatory public pension scheme, said on...

June 14, 2019

News, Slider2019, Zimbabwe

14JunJune 14, 2019

Minding the gap between the sexes in Switzerland

In Switzerland, equal rights for women and men are enshrined in the Federal Constitution – which is what voters wanted. But nearly 40 years after the popular vote of June 14, 1981, the goal of equality has yet to be achieved. Here are five key indicators illustrating day-to-day gender inequality in Switzerland. “Men and women have the right to equal pay for work of equal value,” states the constitutional article on equal rightsexternal link. The law also expressly prohibits...

June 14, 2019

News, Slider2019, Switzerland

14JunJune 14, 2019

South Korea’s Pension Fund to Adopt New Hiring Policy Amid Staff Exodus

South Korea’s National Pension Service (NPS) has reportedly decided to introduce a new hiring policy for its portfolio managers. According to the new policy, one of the largest pension funds in the world now wants to hire fresh talents and nurture them instead of hiring experienced managers as it currently does. To date, the NPS has hired only experienced professionals for portfolio manager positions. Since the pension manages massive assets — about 675 trillion South Korean won ($571 billion)...

June 14, 2019

News, SliderSouth Korea

14JunJune 14, 2019

Bermuda. Athene adopts pension risk analytics platform from RiskFirst

Athene Holding Ltd., one of Bermuda’s leading retirement services companies, has become the first insurer to adopt PFaroe, the pension risk analytics and reporting platform from RiskFirst. Using PFaroe’s on-demand liability and transaction price monitoring services, Athene plans to help sponsors evaluate risk and purchase annuities at the optimal time. “We see real value in moving from monitoring liabilities and insurance prices on an ad hoc basis to a more frequent – even daily – basis,” said Sean Brennan,...

June 14, 2019

News, Slider2019, Bermuda

13JunJune 13, 2019

Puerto Rico oversight board reaches deal over retiree pensions

Puerto Rico’s federally created financial oversight board said on Wednesday it reached a deal to restructure more than $50 billion in unfunded pension liabilities that includes cuts for some of the bankrupt U.S. commonwealth’s retired government workers. The tentative agreement with a federal court-appointed committee representing more than 167,000 retirees, which the government opposes, helps pave the way for a plan to restructure Puerto Rico’s core government debt. Puerto Rico has been in U.S. District Court since 2017 in...

June 13, 2019

News, Slider2019, Puerto Rico

June 2019