March 2022

AIG shifting $150 billion to BlackRock
29Mar

AIG shifting $150 billion to BlackRock

American International Group hired BlackRock to manage up to $60 billion of its general account and up to $90 billion in its life and retirement investment portfolio, the insurance company announced on Monday. BlackRock will manage "certain liquid fixed income and private placement assets" and also will provide AIG with investment technology for both portfolios via Aladdin, the money manager's risk-management system, the insurer said in a news release. AIG said in the release that the shift of assets to BlackRock...

March 29, 2022
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29Mar

UK. Opperman calls for industry input on CDC expansion

Pensions minister Guy Opperman has called on the industry to work with government on expanding the nascent collective defined contribution market, though experts have previously warned that draft regulations are too strict to allow for real growth in the sector. Speaking at a Royal Society of Arts CDC forum on March 28, Opperman expanded on the draft regulations due to come into force on August 1, and expressed his support for the expansion of CDC beyond the single-employer arrangements currently...

March 29, 2022
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US. SEC takes ‘monumental' step on climate disclosure
29Mar

US. SEC takes ‘monumental’ step on climate disclosure

More than a year in the works, the Securities and Exchange Commission unveiled its much-anticipated climate disclosure rule proposal this month, with major implications for the investor and business communities. "It's a monumental rule-making initiative," said Erin E. Martin, a Washington-based partner with law firm Morgan, Lewis & Bockius LLP who previously worked in the SEC's division of corporation finance. "This has been a long time coming, it's been highly anticipated by the public, it's an area that's of interest...

March 29, 2022
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México. Ven posible concentración en afores, si Banorte compra Citibanamex
28Mar

México. Ven posible concentración en afores, si Banorte compra Citibanamex

Si Grupo Financiero Banorte adquiere a Citibanamex, existe el riesgo de concentración en las afores, ya que ambas entidades financieras tienen una administradora que es líder en el sector. Bernardo González, presidente de la Asociación Mexicana de Afores (Amafore), aseguró que a todos, a trabajadores y al sistema, le conviene que haya más oferta en el sector, no menos, según una entrevista publicada este sábado por el diario Reforma. Señaló que serán las comisiones Federal de Competencia Económica (Cofece) y Nacional...

March 28, 2022
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Sustainable Investment & Asset Management: From Resistance to Retooling
25Mar

Sustainable Investment & Asset Management: From Resistance to Retooling

By Virginia E. Harper Ho Globally, market demand is rising for investment products and practices that take “environmental, social, and governance” (ESG) factors into account, challenging asset managers and capital markets to adapt in new ways. This chapter outlines why sustainability issues are increasingly relevant to mainstream asset owners and asset managers. It then explores the evolving regulatory landscape for sustainable investment in the U.S., focusing on the degree to which it supports or facilitates ESG integration into investment management...

March 25, 2022
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25Mar

High Pay Centre briefing: Pension saver views on the social and environmental impact of investments

By Andrew Speke & Luke Hildyard Pension savings make up a significant and growing proportion of individual wealth in the UK. The latest government figures from 2018 show that £2.6 trillion is invested in UK pensions, up from £2.3 trillion in 2015.(1) Pension savings are also one of the most commonly held forms of wealth in the UK. The percentage of adults below the State Pension age actively contributing to a private pension has increased, from 43% in 2012, to 53%...

March 25, 2022
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25Mar

Global Pension Risk Survey 2021/22. UK survey findings. The DB pension risk management journey

By AON We have been carrying out the Global Pension Risk Survey every two years for over a decade and it gives the industry great insight into how the pensions landscape has developed. When the COVID-19 pandemic hit in early 2020, it created many challenges for sponsors, pension schemes and their members. We saw sponsors and trustees reassessing the risks that they faced. While the impact was not negative for all pension schemes, there was a large market crash which had a...

March 25, 2022
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Pensions and the green transition: policy and political issues at stake
25Mar

Pensions and the green transition: policy and political issues at stake

By David Natali, Michele Raitano & Giulia Valenti Pension policy has gone through an intense period of reform over the past few decades. However, further changes are likely to take place in the near future. Major global trends, not only population ageing but also globalisation, technological innovation and climate change, are going to shape socioeconomic and labour organisation and influence macroeconomic trends and will thus have an impact on the adequacy and long-term sustainability of pension policy. This paper focuses...

March 25, 2022
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25Mar

México. ¿Debería existir un régimen especial de pensiones para las mujeres?

Las mujeres tienen particularidades en su vida que se deben reconocer en el régimen de pensiones, señaló Bernardo González Rosas, presidente de la Asociación Mexicana de Administradoras de Fondos para el Retiro (AMAFORE). Durante el EF Meet Point Virtual. Pensiones, ¿un retiro seguro?, el especialista aclaró que este reconocimiento no significaría un beneficio inequitativo, sino de un esfuerzo en tratar de alcanzar un piso parejo para todos. “Las mujeres tienen particularidades de su vida que tenemos que incorporar a los sistemas...

March 25, 2022
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25Mar

España. El Congreso ‘salva’ la ley de planes de pensiones de empleo pero exige mejoras a Escrivá

El proyecto de ley para el impulso de los planes de pensiones de empleo ha superado este jueves su primera votación en el Pleno del Congreso rechazando la enmienda de totalidad defendida por el BNG, y apoyada por Esquerra Republicana, EH-Bildu, Más País-Equo, la CUP y Compromís, que pretendían devolver el texto al Gobierno. El PSOE y Unidas Podemos ha superado la votación con el apoyo del PP, Vox, Ciudadanos y PNV, que han defendido seguir tramitando la ley y...

March 25, 2022
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