June 2023
21Jun

Finnish pension giant invests €500m in newly launched Europe climate-action ETF

Finnish pension giant Ilmarinen Mutual Pension Insurance has invested more than €500m in Amundi’s new MSCI Europe Climate Action Ucits ETF. The fund tracks an index designed to identify European companies assessed as the top 50% sector leaders in terms of their positioning and actions relative to the climate transition. Notably, the ETF gives investors an alternative to ESG and Climate ETFs linked to the Paris-aligned benchmark (PAB) and EU Climate Transition benchmark. The index methodology tracks metrics including carbon intensity, science-based...

June 21, 2023
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September 2022
13Sep

Demographic change impacting asset allocation

Aging populations and advances in technology influencing investment strategies Changing demographics are having a significant impact on asset allocation, latest research by BNP Paribas Asset Management (BNPP AM) shows. The asset manager's survey - conducted in association with Coalition Greenwich - questioned 135 institutional and intermediary investors across Europe, Asia and the US. The findings revealed just under four-fifths (78%) of European investors believe that changing demographics factors had already had an impact on asset allocation, along with 83% of Asian investors....

September 13, 2022
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August 2022
22Aug

Renewable energy’s charm still growing for investors

Amid a just-passed U.S. climate bill unleashing record investment in domestic clean energy, energy transition efforts in the U.K. and Europe well underway and energy security concerns raised by the Ukraine war, institutional investors seem poised for the next level of investing in renewables. "Over the last year alone, we've witnessed the highest levels of interest in renewables we've ever seen from institutional investors," said Matt Setchell, co-head of Octopus Energy Generation's fund management team in London. Part of Octopus...

August 22, 2022
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December 2021
28Dec

US. With Pandemic Lessons Learned, Institutional Investors Gear Up for 2022

Recently, the Massachusetts Mutual Life Insurance Co. (MassMutual) announced it had finalized the consolidation of Barings’ mutual funds with MassMutual funds onto the MassMutual investments platform. To mark the occasion, PLANSPONSOR sat down with Keith McDonagh, the head of MassMutual’s institutional solutions business, to talk about this and other developments, including the state of competition in the institutional services space and the challenges he is hearing about from brokers, consultants and their institutional investor clients. At a high level, McDonagh...

December 28, 2021
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27Dec

Record returns notched in pandemic head list

A global pandemic in its second year, historically strong equity markets and a new occupant in the White House dominated headlines during the past year, while the return of inflation and regulatory and legislative changes were also among Pensions & Investments' top 10 stories of 2021. The top story this year — chosen by P&I's editors — is the economic impact of the COVID-19 pandemic. As it lagged on, a historic market recovery spurred in part by actions taken to...

December 27, 2021
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27Dec

Chinese province offers $31,000 baby loans to counter shrinking population

A Chinese province with one of the fastest-shrinking populations is rolling out special loans to encourage couples to marry and have babies, as the rapidly-aging country tries to reverse a slump in births. Jilin province in northeast China will support banks to provide up to 200,000 yuan ($31,400) of “marriage and birth consumer loans” to married couples, according to an official blueprint on policies to promote population growth. There were no details on how the government would offer support, but the...

December 27, 2021
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October 2021
22Oct

Benchmarking Retirement Income Systems Around the World: Which Countries Rank Highest and Why?

By David Knox The variety of retirement income systems around the world is great, with varying dependencies on public-sector pensions, funded private pensions, and savings outside these formal systems. But which are producing the best outcomes? And which are sustainable into the future, as many countries face the effects of a significantly aging population? The Melbourne Mercer Global Pension Index considers more than 40 indicators in calculating an index value for the systems in 16 countries covering more than half...

October 22, 2021
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07Oct

Ros Altmann: Could pensions be used to boost more sustainable investing?

As we rebuild the economy after Covid-19 and pursue the government’s aims to ‘Level up’ and ‘Build back better’, the greening of finance has become increasingly important. With the impacts of climate change ever more apparent, politicians seek to appeal to the ‘green vote’. The legislative measures to boost the battle against climate change include: mandating the UK’s main financial regulators to factor in climate-related issues; statutory requirements for pension schemes to address the international Taskforce on Climate-related Financial Disclosures...

October 7, 2021
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September 2021
10Sep

Horizon Effect on Optimal Retirement Decision

By Junkee Jeon, Minsuk Kwak & Kyunghyun Park We study an optimal consumption, investment, life insurance, and retirement decision of an economic agent who has an option to retire early any time before the mandatory retirement date. We conduct a thorough theoretical analysis for the optimal retirement problem with general utility function in the presence of mandatory retirement date, which leads to the optimal stopping problem in finite horizon. Furthermore, different marginal utility of consumption before and after retirement is...

September 10, 2021
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June 2021
24Jun

3 hurdles to sustainable investing — and how to overcome them

Can sustainable investing save the world?Jason Jay, director of the MIT Sloan Sustainability Initiative, thinks so — with three caveats. In a March 2021 talk, part of the MIT Impact Investing Initiative spring speaker series, Jay laid out the case for sustainable investing and outlined three major challenges. Sustainable investing is at a tipping point, said the MIT Sloan senior lecturer. “What’s been happening over the last 20 years — and really accelerating over the last five years — is that...

June 24, 2021
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