Slider Archives - Page 406 of 454 - Pension Policy International

30JanJanuary 30, 2018

SEC looking into MetLife’s failure to pay some pensions

MetLife Inc said on Monday the U.S. Securities and Exchange Commission was looking into the insurer’s failure to pay some workers’ pensions. MetLife, in a statement, said the SEC’s enforcement staff has inquired about payments that the insurer failed to make for people who receive a type of annuity benefit from the company via its retirement business. Less than 5 percent of 600,000 people are affected, the company has said. The New York insurer estimated increasing total reserves by between $525...

January 30, 2018

News, Noticias, Slider, Slider

29JanJanuary 29, 2018

US. The rationality (or otherwise) of public pension fund managers

A new research paper from the Stanford University Graduate School of Business discusses the rationality (or otherwise) of the return expectations of institutional investors, with especial reference to public pension funds. It finds that the returns that pension fund managers expect from their investments are extrapolated from the returns those investments have made in the past. That is a normal human tendency, to presuppose inertia, but it is not ideally rational. The report is co-authored by Aleksandar Andonov, of Erasmus University,...

January 29, 2018

News, Slider

29JanJanuary 29, 2018

UK. Carillion ‘fell short on pensions for a decade’

Bosses at Carillion are set for a heated showdown with MPs after the Commons work and pensions committee accused the failed outsourcer of attempting to “wriggle out” of its pension obligations for the past decade. The committee released details of the way the company’s pension deficit and its cash problems were handled over several years. This week MPs will be questioning former Carillion executives and regulators as part of a joint inquiry into the company’s collapse with the business, energy...

January 29, 2018

News, SliderUK

26JanJanuary 26, 2018

Saint Lucia. Government explores social protection programme for seniors

Over the next 20 years the number of older persons in the Caribbean will double. This ageing of the population has important implications for public policy in areas such as pensions, health, and social care services. Consequently, there is an urgent need to strengthen social protection against the risks associated with ageing, for example loss of income, ill health, disability, loss of independence, isolation and abuse. At the same time, with older persons making up an increasing proportion of the...

January 26, 2018

News, Slider

26JanJanuary 26, 2018

Ireland. Men hit by pension anomaly risk ‘being left behind’, Dáil told

Government moves to fix the pensions anomaly now risk discriminating against men hit by the same problem, the Dáil has been told. The Government was also under pressure over the decision to re-open Stepaside Garda Station in Dublin. There were claims that it was a “political trophy” for local Independent Alliance TD and Transport Minister, Shane Ross. Fianna Fáil welcomed Government efforts to fix the pensions problem which since 2012 has left some pensioners with €40 per week less. Read More: Independent

January 26, 2018

News, Slider

25JanJanuary 25, 2018

Kenya. Jobs, pensions crisis as 37pc of civil servants set to retire

A jobs and pension crisis will hit the public service as the number of civil servants set to retire in the next decade rose to 37 per cent. The Public Service Commission (PSC), in a report to Parliament, said the percentage of civil servants above the age of 50 increased from 35 per cent in the year to June 2016, to 37 per cent last year. Read More: Business Daily Africa

January 25, 2018

News, Slider

25JanJanuary 25, 2018

Canada. Morneau Shepell releases the results of its Performance Universe of Pension Managers’ Pooled Funds

Morneau Shepell (TSX: MSI) has released the results of its Performance Universe of Pension Managers' Pooled Funds for the fourth quarter of 2017. According to the report, in the fourth quarter of 2017, diversified pooled fund managers posted a median return of 3.9 per cent before management fees. For 2017 as a whole, diversified pooled fund managers obtained a median return of 8.6 per cent. "Stimulated by strong and synchronized global economic growth, stock markets rose to record levels in 2017....

January 25, 2018

News, SliderCanada

25JanJanuary 25, 2018

Global Pension Funds Pump Trillions To Develop Africa

AFRICAN countries will be thrown a lifeline as two influential organisations in the development landscape, African Investor and the World Pension Council have taken a joint decision to mobilise one per cent of the $3 trillion owned by pension investors worldwide to contribute towards infrastructure development in the continent. In a statement sent yesterday, African Investor said the decision to plough into African infrastructure was taken ahead of the World Economic Forum held in Davos, Switzerland. The World Pensions Council is...

January 25, 2018

News, Slider

24JanJanuary 24, 2018

Sweden. Manager Overseeing $54 Billion Says She’s Looking for New Risks

As the global stock rally has many pondering just how bad the correction will be, Sweden’s AP7 pension fund is seeking out new risks. The 430 billion-krona ($54 billion) fund is looking at diversifying its portfolio to include more small cap investments after reducing the leverage it takes since 2015. “We seek diversification to get a better risk-adjusted return,” Ingrid Albinsson, the fund’s chief investment officer, said in a phone interview on Friday. “The reason for the diversification effort in the...

January 24, 2018

News, Slider

24JanJanuary 24, 2018

UK. Universities face 14 days of strike action over pensions

Staff are angry at plans to change the Universities Superannuation Scheme from a defined benefit scheme, where they would have a guaranteed income in retirement - to a defined contribution scheme, where their pensions would be subject to changes in the stock market. UCU general secretary Sally Hunt said: "Universities will be hit with levels of strike action not seen before on UK campuses if a deal cannot be done over the future of USS pensions." The union says it would...

January 24, 2018

News, Slider

January 2018