February 2021
24Feb

Italy. Pension funds pull positive returns in 2020 despite pandemic

The pension fund for management staff of oil and gas company ENI has recorded positive results for all its investment options last year. The performance of its garantito assicurativo fund stood at 1.71%, 11.28% for the last five years. Its bilanciato (balanced) fund recorded a positive performance of 3.44% in 2020, with a 13.52% for the past five years. Fopdire’s dinamico fund hit 5.20% last year, reacing a 21.70% figure for the last five years. On average annually, for the...

February 24, 2021
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23Feb

Swiss scheme assets expected to drop by 2035 if fossil investments kept

Swiss pension funds will experience on average a 10% loss in assets in the next 15 years if they continue to invest in fossil fuels and industries with high CO2 emissions, according to a report by Climate Alliance, a group of civil society organizations. Pension funds with an above-average share of foreign equities and bonds in their portfolios carrying high climate risks could see assets declining by 18%. The study predicted funding ratios to sink to 90% with assets falling...

February 23, 2021
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23Feb

US. 3 Retirement Myths, Debunked: Social Security, The Stock Market And Savings

Retirement should inspire thoughts of mixed drinks on the beach and long afternoons with the grandkids. But for many people, just mentioning the word spurs anxiety. Younger Americans are waiting too long to put money away, middle-aged workers rarely make up for lost time and people approaching retirement hope to hold onto their jobs long enough to save just a few dollars more. Most people know they should be doing more to save for retirement, yet too few of us are...

February 23, 2021
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19Feb

Underfunded and Under Pressure, U.S. Pensions to Keep Investing in China

U.S. state pension funds that invested in Ant Group Co. were stung when the financial technology firm’s initial public offering was suddenly pulled on orders of China’s president. But few of these investors are swearing off Chinese private markets, where they still hope to reap big returns. Read also US Corporate Pension Funded Ratio Climbs to 89.8% in January Shock waves rippled through the investment world when China halted the initial public offering of Ant, which would have been the world’s...

February 19, 2021
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17Feb

Canadian Pensions Adapt Investment Strategies for Post-COVID-19 World

Canadian pension funds are adapting their investment strategies for a post-COVID-19 world by shifting their investments away from infrastructure to private equity, and by moving more of their asset management in-house, according to a new report from CIBC Mellon. The report was based on a survey completed last year of 50 Canadian pension managers—half of which had more than C$1.2 billion ($950 million) in assets under management (AUM), with the other half having between C$600 million and $1.2 billion assets...

February 17, 2021
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15Feb

How your retirement investments can help protect the environment

As a climate-conscious consumer, you might already be cutting down on your water use, buying from eco-friendly companies for your everyday needs, and making the switch away from single-use plastic. But have you thought about how your money is impacting the environment when it's not in use? Take your retirement account. If you're lucky enough to have retirement investment options, you most likely consider it a "set it and forget it" kind of decision. But there's good reason to go...

February 15, 2021
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12Feb

Danish pension giant ATP makes first investment in social bonds

Denmark’s ATP, one of the first pension funds globally to buy green bonds, has made its first investments in so-called social bonds as part of its sustainable portfolio, it said on Thursday. Social bonds, which are debt issued for socially beneficial projects such as eradicating child labour or strengthening workers’ rights, have caught the eye of investors during the COVID-19 pandemic, when ethical investments have surged. “In 2020, we decided to take it one step further and expand our universe to...

February 12, 2021
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10Feb

China. Green finance gets newfound incentivization

China will make it easier for international investors to access the country's green finance market by promoting the harmonization of domestic and global green standards as part of its efforts to achieve net-zero emissions by 2060, central bank officials said on Tuesday. Read also Asia needs pension reforms for sustainable growth The green finance industry in China needs to learn from the asset management experiences of foreign investors, such as multinational pension funds and insurance companies. Large capital injections are also...

February 10, 2021
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09Feb

2020 Global Equity Release Roundtable Survey

By EY In conjunction with the 2020 Global Equity Release Roundtable, representatives from each country attending have been surveyed to understand the details of how equity release markets operate in different countries. This document summarizes the survey responses received. The responses provided have not been verified by EY professionals and simply represents the views of the responders. The information in this pack should not be regarded as comprehensive or sufficient for making decisions, nor should it be used in...

February 9, 2021
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09Feb

Debt for Climate: Green Bonds and Other Instruments

By Paul Rose This chapter, prepared for the Edward Elgar Research Handbook on Climate Finance and Investment Law (2020, Michael Mehling and Harro van Asselt (eds.)), examines the rise of green bonds, climate bonds, and other green financial instruments. Although climate finance has enjoyed positive momentum in recent years, this momentum is at risk—with the possibility of reversal—if climate markets fail to provide competitive risk-adjusted returns. For climate finance to compete effectively, governments, issuers, and investors must resolve a...

February 9, 2021
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