November 2021
24Nov

Pension funds and institutional investors set to increase focus on ESG, says new study

Some 14 per cent said they expect their focus here to increase ‘dramatically’ between now and 2024, with just 7 per cent claiming it will decrease. Read also Longevity, the uncertainty and managing the risks When considering what impact ESG will have on their investment activities, 43 per cent of the institutional investors surveyed said the environmental factor is the most important one for them. Nearly one in three (31 per cent) said social factors are, and 26 per cent selected...

November 24, 2021
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24Nov

US. IRI Expert Weighs in On Morningstar Update to 4% Rule

A recent paper from Morningstar Research that questions the decades-old “4% rule” for safely withdrawing funds from retirement accounts—and says 3.3% is the new 4%—has raised plenty of eyebrows in the retirement planning community. One of the latest to comment about it is Frank O’Connor, Vice President, Research and Outreach for the Insured Retirement Institute (IRI), who notes the research also found that including protected income via annuities can help retirees meet their income needs. “Outliving retirement savings is a major...

November 24, 2021
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24Nov

Why scaling investment is crucial for sustainable development

Global organizations are cooperating on scaling investment to help achieve sustainability goals. Investment promotion needs to change to target sustainable investments, particularly to help reach climate goals. Turkey is implementing this approach by making the SDGs central to its foreign direct investment strategy. Climate change has been on the international agenda for a long time, but recent developments have upped the urgency of taking immediate action for both humanitarian and developmental reasons. World leaders gathered in Glasgow to discuss...

November 24, 2021
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24Nov

No pension. No savings. No future. No wonder we’re betting the house on crypto

By Rohit Thawani I must begin this article by stating that the information I’m providing is not financial advice. I think I legally have to say that because I heard it on a podcast or whatever, I really don’t know. But, if you’re taking crypto advice from me, that might be your first problem. It all started with a missed shot. Let’s go back to 2004, when I invested my $5,000 life savings into Apple, a company I truly believed in. It...

November 24, 2021
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23Nov

US. Pension Cash Dwindles, Risking Liquidity Crunch

Bigger private-market bets, inflation fears and a surge of retirees are putting public retirement funds at risk of a cash crunch that would force them to sell assets at losses to pay pension checks. Read also US. How The Pandemic Has Impacted Retirement Confidence Cash allocations have dropped to a seven-year low at the funds that manage more than $4.5 trillion in retirement savings for America’s teachers, police and firefighters. Read also US Department of Labor recovered more than $2.4B to employee...

November 23, 2021
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23Nov

​Three foreign pension lessons for the UK – PPI report

The Pensions Policy Institute’s (PPI) latest report looks at what the UK can learn from other countries to improve value for money for pension savers. Such contries, among others, include Sweden, Australia and the Netherlands. When Sweden introduced its defined contribution (DC)-based premium pension system in the 1990s, it launched a campaign to encourage workers to make an active, considerate choice between the six available investment funds. With remarkable success, as two thirds of workers did indeed make an active choice...

November 23, 2021
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23Nov

Low-income Greek pensioners to get one-off grant to buffer price surge

ATHENS- Greece will hand out one-off grants to low-income pensioners and medical staff ahead of Christmas to shield them from higher energy and food prices, Prime Minister Kyriakos Mitsotakis said on Monday. Consumer inflation hit a multi-year high of 3.4% in October with costs in the housing sector rising by an annual 7.8%, mainly due to rising electricity, heating oil and natural gas prices. The government has already spent about 700 million euros ($790 million)on subsidies for the majority of Greek...

November 23, 2021
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23Nov

Puerto Rico. Pension Costs Hound Final Steps in Bankruptcy Case

Disagreements over public worker pensions in Puerto Rico continue to threaten a restructuring plan that would ease $33 billion of the island’s debt just as the judge overseeing its bankruptcy case hears final arguments. A lawyer representing the congressionally appointed board overseeing the island’s finances said in court Monday that local laws, if enforced, would boost public-worker benefits and increase Puerto Rico’s expenses by an estimated $5 billion, too much for the plan to work. “Quite possibly the plan wouldn’t be...

November 23, 2021
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23Nov

How will we make the most of an extra 30 years of life?

Demographers predict that as many as half of the children born in the developed world since 2000 will reach the age of 100 and beyond. Once a rare event, century-long lives will become commonplace by 2050. The near doubling of life expectancy presents a range of challenges — along with yet unrealized opportunities. To the extent that we continue to live our lives according to the norms, institutions and policies based on lives half as long as the ones we...

November 23, 2021
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22Nov

Australia. Global Managers Circle as Retiring Boomers Cash In Billions

Almost two million Australians will soon start drawing down A$300 billion ($218 billion) in savings as they leave the workforce, and that’s providing opportunities for domestic, and increasingly overseas, asset managers as retirement costs soar at the quickest pace in seven years. Read also UK. How will the new pension transfer restrictions work? “The decumulation problem is the trickiest problem in finance to solve because everyone’s going to have a different set of needs and requirements and aspirations in retirement,” Richard...

November 22, 2021
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