Slider Archives - Page 8 of 454 - Pension Policy International

08MarMarch 8, 2022

UK pension funding levels prove resilient in February despite the crisis in Ukraine

UK pension funding levels prove resilient in February despite the crisis in Ukraine XPS's DB:UK funding tracker reveals that total scheme assets fell by £25bn over the month to 28 February 2022 reflecting the significant impact on global markets of the Russian invasion of Ukraine. UK pension scheme deficits against long-term funding targets increased relatively modestly by £7bn over the month to 28 February 2022. Liabilities fell as gilt yields continued to rise for the first half of February after the Bank...

March 8, 2022

News, Slider2022, Funding, UK

07MarMarch 7, 2022

IMF Sees ‘Severe Impact’ on Global Economy From War, Sanctions

The International Monetary Fund warned Russia’s war with Ukraine and the subsequent sanctions imposed upon President Vladimir Putin’s country will have a “severe impact” on the global economy. “While the situation remains highly fluid and the outlook is subject to extraordinary uncertainty, the economic consequences are already very serious,” the Washington-based lender said in a statement on Saturday. Food and energy prices have surged in recent days and supply chains have frayed, adding to the inflationary pressures that policy makers were...

March 7, 2022

News, Slider2022, Investment, Pension Management, Russia, UK, Ukraine

07MarMarch 7, 2022

The Complex Formulas Of Responsible Investing

By William Baldwin Distinguishing good from evil on Wall Street is a challenge. Be grateful there are analysts doing most of the homework for you. An ethical portfolio excludes the shares of irresponsible companies. Which ones are those? Once upon a time that was a fairly simple matter. A handful of mutual funds had portfolios omitting certain industries, such as weapons, alcohol and tobacco. Today, separating good equities from sinful ones is an industry unto itself. There are thousands of analysts at work...

March 7, 2022

News, OP Ed, Slider2022, ESG, Investment

07MarMarch 7, 2022

Target date retirement funds work up to a point. Here’s when you may want to reconsider

A retirement-savings option that can be smart at the outset of your career probably needs to be reexamined down the road. Target-date funds, as they’re called, offer a way to put your savings on autopilot: Holdings gradually shift away from riskier assets like stocks and toward more conservative investments (bonds and, perhaps, cash) as you approach retirement. While they are designed to be a “set it and forget it” way to save for retirement, these funds may make sense only for...

March 7, 2022

News, Slider2022, Pension Management, Yields

07MarMarch 7, 2022

Nigeria. PTAD saves N7 billion through BVN verification of pensioners

The Pension Transitional Arrangement Directorate (PTAD) has said that over N7 billion has been saved through the use of Bank Verification Number (BVN) in its verification of pensioners under the Defined Benefit Scheme. According to the agency, the N7 billion hitherto went to settling dead or uncertain pensioners from the federal government account. The exercises got rid of 19,018 retirees who had been receiving monthly pension benefits from the Federal Government. Speaking on the development at a workshop for media in...

March 7, 2022

News, Slider2022, Nigeria, Operations, supervision

07MarMarch 7, 2022

You Quit Your Job, but You Still Need a Retirement Plan

When she realized she wanted to quit her job at a San Francisco software company, Anna Rider was taking care of two babies: a food blog that she wanted to grow, and her actual child — the son she had five months ago. So Ms. Rider left, becoming one of the tens of millions of Americans who gave their notice in the past year and joining the cultural moment that has come to be known as the Great Resignation. She not...

March 7, 2022

News, Slider2022, Labor Market, US

05MarMarch 5, 2022

US. Already claimed Social Security? There are still ways you may be able to increase your retirement benefits

Social Security benefits make up about 30% of elderly Americans’ incomes, according to the Social Security Administration. For some beneficiaries, it can be 90% or more. Yet many people do not think of those earned benefits, and the monthly checks that come with them, as a personal financial asset, according to Social Security expert Larry Kotlikoff, author of a new book titled “Money Magic: An Economist’s Secrets to More Money, Less Risk and a Better Life.” The money you pay into the...

March 5, 2022

News, Slider2022, Payout, Pension design, US

04MarMarch 4, 2022

More U.K., European investors move away from Russia

Asset owners and managers across the U.K. and Europe continued moving away from Russian investments following the invasion of Ukraine. The Swedish Pensions Agency on Monday placed an immediate ban on purchasing Russian funds. "We are stopping the possibility of buying the funds that focus most heavily on investments in Russia. This is done to protect pension savers," said Erik Fransson, head of fund management for the SPA, in a news release. SPA has 2.1 trillion (232 billion) Swedish kronor...

March 4, 2022

News, Slider2022, Investment, Pension Management, Russia, UK, Ukraine

04MarMarch 4, 2022

US. State Pensions Can’t Dump Russian Investments They Don’t Even Know They Own

By Edward Siedle Across the nation politicians are naïvely calling for state pensions to dump their Russian investments to punish the country for its invasion of Ukraine. Since state pensions have in recent years agreed to let Wall Street fund managers keep secret their investment holdings, states don’t even know the Russian assets they hold. Yesterday, state Attorney General Dave Yost publicly called upon Ohio’s five public employee retirement funds to divest themselves of Russian financial holdings to further punish the...

March 4, 2022

News, OP Ed, Slider2022, Investment, Pension Management, Russia, Ukraine, US

04MarMarch 4, 2022

Retired women in South Africa carry a huge burden of poverty

South Africa’s president, Cyril Ramaphosa, recently acknowledged that “South Africa needs a new consensus to deal with poverty, unemployment and inequality”. Despite the government’s efforts to address poverty through the provision of state grants, it’s still on the rise. In 2020, it was reported that half of the population was experiencing hardships that have pulled individuals and households into poverty. Even before the COVID-19 pandemic, the South African economy had been growing very slowly, with high rates of unemployment and increasing...

March 4, 2022

News, Slider2022, Gender Gap, South Africa

March 2022