September 2021
30Sep

Pension fund and other investors with $4 trln assets aim to tackle Asian firms on climate change goals

A group of six investors with a combined $4 trillion of assets under management, including Fidelity International, said on Wednesday it aims to step up engagement with big Asian companies like banks and energy producers to ensure they have a road map to meet climate change targets. Initial engagement will focus on carbon risk and coal at banks and coal-exposed power companies, the group of investors, facilitated by Singapore-based advisor Asia Research & Engagement (ARE), said in a statement. The move...

September 30, 2021
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21Sep

US. SEC Is Exploring Reforms Regarding Private Fund Disclosure Of Conflicts Of Interest And Fees and Expenses

On September 14, 2021, U.S. Securities and Exchange Commission Chair Gary Gensler testified before the Senate Committee on Banking, Housing, and Urban Affairs. During his testimony, he stated that the SEC is exploring “potential reforms” regarding investment funds and managers. Chair Gensler explained that one of the potential reforms under consideration by the SEC was ways to enhance disclosures by private fund managers regarding conflicts of interest and allocation of fees and expenses. He stated that he believed the...

September 21, 2021
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03Sep

Global Pensions and ESG: Is There A Better Way?

By Luba Nikulina The influence of ESG factors has been growing exponentially in the last five years. This paper explores whether purpose with multiple stakeholders, responsibility for the impact of investments, and system level engagement apply to global pension funds. Aside from government spending, global pension assets represent the largest pool of capital on the planet with the longest time horizon and multiple stakeholders across different generations. The power of influence of this capital is enormous. Many international challenges can...

September 3, 2021
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July 2021
23Jul

Importance of ‘social’ pillar in ESG increases for pension funds despite dearth of index strategies, survey finds

The ‘S’ pillar of environmental, social and governance (ESG) is becoming increasingly important for pension funds, however, a dearth of core-social related indices remain, according to a survey conducted by CREATE Research in partnership with DWS. The survey, which interviewed 142 pension plans, found 66% expect to increase their allocations to ‘S’ pillar passive funds over the next three years despite just 14% currently using core social-related indices. In the subsequent report, titled Passive Investing 2021: Rise of the social pillar...

July 23, 2021
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June 2021
02Jun

Nigeria. Still on corruption in pension scheme

The recent expose by the British Broadcasting Corporation (BBC) on corruption in Cross River State, shocking as it were, is but one of the many plagues currently ravaging this country, which would explain why it barely elicited the deserved reaction from average Nigerians, as they have to deal with these situations on a daily basis. It is no longer a question of the magnitude of corrupt practices in the system, which is not in doubt, but one of who...

June 2, 2021
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May 2021
28May

UK pension asset owners join Net-Zero Asset Owner Alliance

Three UK pension asset owners have signed up to the UN-convened Net-Zero Asset Owner Alliance. As reported by our sister publication, European Pensions, Phoenix Group, Legal & General (L&G) and Rothesay all joined alongside Germany’s largest pension fund under public law, Bayerische Versorgungskammer (BVK), and Asia- and Africa-focused insurance group, Prudential plc. The five new signatories have added a combined USD 900bn AUM to the alliance, meaning it now consists of 42 assets owners managing a combined USD 6.6trn of assets. By...

May 28, 2021
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April 2021
29Apr

Rethinking Retirement Savings

By Jason Fernandes, Janelle Orsi In this Commentary, we demonstrate that the rules governing retirement savings have been funneling tens of trillions of dollars into a narrow class of return-maximizing investments, including industries that have been driving inequality and widespread ecological destruction. The Employee Retirement Income Security Act of 1974 (ERISA), along with its state law analogs, directs trustees to seek the highest risk-adjusted return on plan assets, regardless of the consequences to workers, their communities, and the planet. American...

April 29, 2021
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February 2021
19Feb

Global Pension Transparency Benchmark

By top1000funds.com and CME The Global Pension Transparency Benchmark is a world first global standard for pension disclosure, bringing a focus to transparency in a bid to improve pension outcomes for members. The GPTB ranks 15 countries on public disclosures of key value generation elements for the five largest pension fund organisations within each country. The GPTB focuses on the transparency and quality of public disclosures with quality relating to the completeness, clarity, information value and comparability of disclosures. The overall country...

February 19, 2021
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18Feb

The Global Pension Transparency Benchmark launches in a bid to improve pension outcomes for members

The Global Pension Transparency Benchmark has revealed the opportunity for improvement in pension fund disclosure transparency around the globe. Read also Ten degrees of sustainability The Global Pension Transparency Benchmark is a world first global benchmark measuring transparency of pension disclosure, bringing a focus to transparency in a bid to improve pension outcomes for members. Read also ESG-Conscious Money Managers Are Pension Funds’ Top Consideration The GPTB ranks 15 countries on public disclosures of key value generation elements for the five largest pension...

February 18, 2021
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18Feb

Ten degrees of sustainability

By Tanya Broadfield In November, when COP26 takes place in Glasgow, the eyes of the world will be looking at what progress the UK has made towards delivering sustainability targets to support net zero and the tackling of climate change. Savills has identified 10 drivers of change we can expect to hear more about this year. 1. TCFD and climate transparency A raft of sustainability disclosure requirements is coming and The Taskforce on Climate-related Financial Disclosures (TCFD) is leading the way. Since January,...

February 18, 2021
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