February 2020

20Feb

India. ETMoney now lets users invest in NPS through its app

ETMoney has introduced an option to invest in National Pension Scheme (NPS) to help customers save on taxes and increase flow to the PFRDA controlled pension corpus.Through the feature, the fintech platform expects to double the NPS users across the country, a company spokesperson said. “India has one of the youngest working populations in the world. In a decade or two from now, we will possibly have a rising number of retirees from private sector companies,” said Santosh Navlani,...

February 20, 2020
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14Feb

Asia Hedge Funds Brace for Lean Times as Investors Stay Away

Asia-based hedge funds are bracing for a lean quarter of capital raising as the spread of the coronavirus leads to the postponement and cancellation of key events that have historically drawn Western investors to the region. London-headquartered Albourne Partners Ltd., a consultancy that advises pensions, university endowments and foundations that invest a combined $550 billion in alternative investments, including hedge funds, said it’s seen at least 10 of its clients cancel trips to Asia in coming weeks, according to...

February 14, 2020
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14Feb

Canadian defined benefit pension plans generated second-highest returns in a decade: RBC Investor & Treasury Services

To mark the end of a decade characterized by fintech disruptors, geopolitical tensions and regulatory changes, Canadian defined benefit pension plans returned 14.0 per cent in 2019, according to the RBC Investor & Treasury Services All Plan Universe. This was the second highest annual return over the past 10 years, in large part due to an upsurge in Canadian and global equity markets. "Over the past 10 years, the average Canadian Defined Benefits plan has generated an annualized return...

February 14, 2020
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11Feb

Zimbabwe pension funds to invest offshore

During an inaugural insurance and pensions industry breakfast meeting yesterday, Finance minister Mthuli Ncube said Parliament would receive the Pensions and Provident Fund Bill, the Insurance Act and the amendments of the Insurance Commission Act soon. "In the first half of the year, all three Bills will come before Parliament . . . It is going to be contained in one of the Bills (Pensions and Provident) that eventually what we are saying is that for now we...

February 11, 2020
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10Feb

Asian pension markets post nearly 12% jump in assets under management

Asia-Pacific’s seven top pension markets – Japan, Australia, South Korea, Malaysia, China, Hong Kong and India – saw their assets under management climb by 11.6 per cent in 2019, according to Thinking Ahead Institute’s Global Pension Assets Study released Monday. Also Read Asia Hedge Funds Brace for Lean Times as Investors Stay Away Japan is the largest of Asia’s pension markets, followed by Australia, with both countries in the top seven pension markets globally, the study said. “Asia Pacific...

February 10, 2020
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07Feb

Coronavirus fallout hits pensions and ISAs as investors urged not to flinch

The first day back to work after a long holiday is always a bit grating. But for those logging in at the Chinese stock market for the first time since the coronavirus outbreak, all bets were off. Read also Super funds push for lower pension age for Indigenous Australians The rest of the world’s markets have been riding the waves of coronavirus-induced volatility for weeks now as the infection spreads, while the epicenter remained economically silent. Read also Pension inequality:...

February 7, 2020
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07Feb

World’s Largest Pension Fund Gains on Stocks, Foreign Debt

The world’s biggest pension fund posted a gain for a fourth consecutive quarter, with foreign stocks providing the best return among assets amid a thaw in trade tensions between the U.S. and China. Japan’s Government Pension Investment Fund returned 4.6%, or 7.4 trillion yen ($67 billion), in the quarter ended Dec. 31, with assets totaling 168.9 trillion yen, it said Friday in Tokyo. Foreign stocks were the fund’s best performing investment, gaining 9.7%, while domestic equities added 8.6%. The...

February 7, 2020
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07Feb

CDPQ Goes Local for Private Credit in India

Caisse de dépôt et placement du Québec, which manages funds primarily for Canadian public and parapublic pension and insurance plans, has formed a partnership with Piramal Asset Management Private Limited to invest in illiquid credit opportunities in India. The two organizations will invest US$300 million, with 75 percent of the money coming from CDPQ and the remainder from Piramal. CDPQ oversees C$326.7 billion (US$246 billion) in net assets. CDPQ’s partnership with Piramal, an India-based manager that is part...

February 7, 2020
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05Feb

Controversial plan to use pensions for government funding in South Africa

Labour federation Cosatu met with government, business, community and labour leaders on Monday (3 February) to present its plan to rescue debt-stricken Eskom. Key to this plan is the use of civil servant pensions and a state-run unemployment fund to cut Eskom’s debt by about R254 billion, which would then leave the power utility with a sum of around R200 billion to service, which Eskom has previously said it can manage as it currently struggles to cover its daily...

February 5, 2020
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04Feb

Europe’s biggest pension fund sets 2050 ‘climate neutral’ goal

ABP, Europe’s biggest pension fund, will phase out investments in coal miners and companies that extract oil from tar sands as part of a plan to make its €466bn investment portfolio “climate neutral” by 2050. Read also Netherlands’ $515 billion pension fund to accelerate cuts to fossil fuel investments Launching a new sustainability policy on 3 February, the pension fund said that, over the next five years, it plans to slash the CO2 emissions from its €150bn equity portfolio...

February 4, 2020
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