Looking into 2019, Sigma Pensions say they expect Nigeria's investment landscape to be shaped by lower oil prices, the pace of monetary policy normalisation in developed markets and Nigeria's 2019 elections. Pabina Yinkere, Chief Investment Officer for Sigma Pensions joins CNBC Africa to discuss how investors should navigate the investment landscape this year Watch the full video here Source: @CNBCAfrica
New research has found that fixed income is set to experience a spike over the new twelve months among institutional investors. BlackRock’s annual survey of global institutional investors found that 38 per cent of investors intended to increase their fixed income allocations, up 9 percentage points from 29 per cent last year. BlackRock’s global head of institutional client business Edwin Conway said that as the economic cycle turned private markets would help clients to navigate the challenging environment. “We have...
For those with decades until retirement, the market’s swings are just a part of the investing process. As long as your asset allocation is in line with your risk tolerance, you can more or less sit back, ignore daily movements and turn off CNN when things get rocky. But for new retirees and those just a few years away, a tanking market is a scarier prospect.If that’s you, you need to start moving some of your assets around to a...
A ban on nuisance calls about pensions has now come into force but people are still being urged to be on their guard. Cold-calling has been used by fraudsters trying to steal life savings or persuade people to invest in high-risk schemes. Some 10.9 million unsolicited pension calls and messages are made a year, according to Citizens Advice. Any firm found flouting the rules faces a fine of up to £500,000, but experts suggest fraudsters may ignore the ban....
Romania’s Labour Ministry drafted a law that allows employers to set up occupational pensions for their employees, newly-appointed labour minister Marius Budai announced. The occupational pensions are designed as supplementary pensions, a benefit that employers can offer, he explained, according to local Agerpres. The law is aimed at implementing the EU Directive 2016/2341 of the European Parliament endorsed by the European Council on December 14, 2016 for the supervision of the specialised occupational pension funds managers. One or more employers can set...
Brazil's real firmed against the dollar on Tuesday, with investors anticipating tougher government proposals on pension reform, while the losses among some Latin American currencies reversed after comments by U.S. President Donald Trump on trade. Financial markets are hoping that new Brazilian President Jair Bolsonaro's government will take steps to make deeper cuts to the country's fiscal deficit than envisaged under the previous government. Bolsonaro, who was elected in October and has been an outspoken proponent of shrinking the deficit, is...
Industry superannuation funds are on track to overtake self-managed super funds to become the dominant players in the $2.7 trillion retirement savings system within the next two years. The remarkable shift is being driven by a combination of factors, including industry funds' superior investment returns and members switching from retail super funds in the wake of damning hearings at the banking royal commission. Read more @AFR
The federal government, has reached an agreement with the Academic Staff Union of Universities, ASUU, at the end of a meeting with union leaders in Abuja. Minister of Labour and Employment, Chris Ngige, who presided over the meeting, said the government has met most of the union’s demands, including the release of fifteen and a half billion naira for payment of salary shortfalls. The minister also said ASUU has fulfilled all righteousness on the issue of pensions. He said all...
World Bank President, Jim Yong Kim has made the surprise announcement that he is stepping down after six years in the post. His resignation will take effect from 1 February. Mr Kim, 59, was not due to leave until 2022, after he was re-elected for a second five-year term in 2017. He will "join a firm and focus on increasing infrastructure investments in developing countries", the World Bank said. In a statement, Mr Kim said: "It has been a...
The number of multiemployer pensions in critical status has fallen for the sixth straight year. The number of US multiemployer pension plans in critical status has declined for the sixth straight year, and has fallen to its lowest level since 2008, according to data from the US Department of Labor. Under federal pension law, if a multiemployer pension plan is determined to be in critical status or endangered status, the plan must provide notice to participants, beneficiaries, the bargaining parties, the...
