July 2021
05Jul

Australia’s Biggest Pension Fund Posts Record Annual Return

Australia’s biggest pension fund notched a record return in fiscal 2021 as strong market performance in the wake of the pandemic lifted assets under management. Read also US. Do You Get Your Money’s Worth From Buying An Annuity? AustralianSuper Pty.’s default investment option returned 20.43% in the 12 months ended June 30, the 12th consecutive year of gains, the fund said in a statement Monday. The Melbourne-based fund’s assets under management rose to A$225 billion ($169 billion) from A$180 billion a...

July 5, 2021
News, Slider, , , ,
Read more...
05Jul

Corporate France Urges Macron to Delay Contentious Pension Reform

France desperately needs pension reform, just not right away. That’s the message for President Emmanuel Macron from a chorus of top business leaders, days before he’s set to announce whether he’ll attempt change before the 2022 election. Read also Germany finally launches basic pension scheme “There’s already a great deal of worry and uncertainty. It would be a gamble to add more,” Stephane Richard, chief executive officer of telecom giant Orange SA told Bloomberg News on the sidelines of a conference in...

July 5, 2021
News, Slider, , ,
Read more...
05Jul

India. Now, wider choice of pension funds in National Pension System

In order to make the National Pension System (NPS) more transparent, increase the subscriber base and ensure orderly growth, the pension fund regulator has taken a host of initiatives easing the process of transacting for the subscribers and the Points of Presence (PoP). The Pension Fund Regulatory and Development Authority (PFRDA) has now issued guidelines for opening ‘on tap’ registration of pension funds on a continuous basis to manage the pension assets of NPS subscribers under central government schemes, state...

July 5, 2021
News, Slider, , ,
Read more...
02Jul

World’s Top Pension Fund Books ‘Historic’ $339 Billion Gain

The world’s biggest pension fund posted a record return for the fiscal year ended March, boosting its assets to a new high and beating its benchmark for the first time in seven years. Japan’s Government Pension Investment Fund booked a gain on its investments of 25%, or 37.8 trillion yen ($339 billion), in the 12 months ended March, the most since the fund started managing the nation’s pension reserves in 2001. Overseas stocks were its best-performing asset in the period, returning...

July 2, 2021
News, Slider, ,
Read more...
02Jul

UK. Women’s pensions ‘would gain over £106k on average’ if new fathers did half of unpaid care work, report finds

Women are losing out on over £100,000 in their pension pots on average due to men not taking on an equal share of unpaid care work in the early years of child-rearing, a new report has found. Read also UK. Half of millennials want cryptocurrencies in pensions The "gender pension gap" is a known issue. Women are more likely to be left in poverty on retirement because they typically work fewer hours due to caring responsibilities from their late twenties onwards,...

July 2, 2021
News, Slider, ,
Read more...
02Jul

US. Public Retirement Benefits Not What They Used to Be

Defined benefit (DB) pension plans are a valuable benefit for employees—offering the option of guaranteed retirement income that is lacking in most defined contribution (DC) plans. Some private-sector employees have been envious of the pension benefits provided to public-sector employees. Over the years some outsiders have even argued that public pensions are too generous, perhaps without understanding that many public employees are required to put a significant percentage of their own pay into the plans. And there has been misunderstanding...

July 2, 2021
News, Slider, , ,
Read more...
01Jul

Spain. Escrivá Advances A Small Adjustment In Pensions Of The Baby Boomers

Escrivá advances a “small adjustment” in the pensions of the ‘baby boomers’. According to the minister, they will be able to choose between adjusting or delaying retirement. The new equity mechanism will replace the sustainability factor. Escrivá indicates that the pension reform will come into force “at the end of the year”. Read also France. Macron Weighs Pension Reform Before Bastille Day The implementation of the new intergenerational equity mechanism will mean “a small adjustment” in the pension of the generation...

July 1, 2021
News, Slider, , ,
Read more...
01Jul

Germany. Pension increase rolls out in July

Just in time before the grand coalition government ends for this legislative period, one of its prestige projects is reaching citizens, or more precisely pensioners. According to estimates by the Federal Ministry of Labor, around 1.3 million retirees will receive a supplement to their pensions at taxpayer expense. In the face of opposition from the CDU/CSU, the SPD pushed through the basic pension last year, which is intended to recognize the lifetime achievements of people who have worked all...

July 1, 2021
News, Slider, ,
Read more...
01Jul

US. Now Is The Time To Re-Think Retirement Plan Conventional Wisdom

Retirement plan design can make or break an employee’s ability to maintain their standard of living in retirement. Over the past several decades, many private sector companies implemented a complete overhaul in retirement plan design, shifting from defined benefit pensions to 401(k)-style defined contribution accounts. Originally designed to supplement rather than replace pensions, 401(k) plans have become the primary employer-sponsored plan for many U.S. workers. This transition meant sacrificing a number of important features of pension plans and economic efficiencies....

July 1, 2021
News, Slider, , ,
Read more...

June 2021
25Jun

UK. TPR outlines inclusive culture and equality ambitions

The Pensions Regulator (TPR) has outlined plans to “lead by example” on equality and diversity and pave the way for a more inclusive culture across the pensions industry. TPR's Equality, Diversity and Inclusion strategy - published today (24 June) - sets out how the regulator plans to embed diversity and inclusion throughout the organisation and support the regulated community to make similar moves. The regulator said the strategy's five-year roadmap will place equality, diversity and inclusion "at the heart" of its...

June 25, 2021
News, Slider, ,
Read more...