July 2025
14Jul

Swedish pensions reform efforts must heed rise of anonymous owners, says AMF

AMF, Sweden’s second biggest occupational pension fund, has issued a stark warning about the negative effects of the rise of huge passive investment funds on corporate governance in the Nordic country, and said legislators must take this into account when shaping pension reforms. Anders Oscarsson, head of equity and stewardship at the SEK850bn (€76.3bn) pensions institution, said large index funds were increasingly dominating as owners of Swedish companies — a development he said posed a threat to the Swedish ownership...

July 14, 2025
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11Jul

National Pension Fund and Stock Liquidity: Evidence from Korea

By Eunyoung Cho & Cheol-Won Yang We investigate the impact of the national pension’s trading on individual stock liquidity. While prior research has primarily focused on the effects of national pension funds on market performance or volatility, this paper shifts attention to liquidity, a relatively underexplored dimension of market quality. Utilizing detailed transaction-level data from the National Pension Service (NPS) of Korea between 2010 and 2019, we assess the relationship between NPS trading activity and stock liquidity by employing both...

July 11, 2025
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11Jul

Addressing the Challenges for Asset-backed Pensions in Indonesia

By Organisation for Economic Co-operation and Development This report assesses the challenges to ensuring adequate benefits in retirement for the Indonesian population. The design of the asset-backed pension system aims to help individuals to accumulate resources to finance their retirement. However, the rules of the system may not help achieve the desired objectives, appropriate schemes or vehicles may not always be available and individuals may not necessarily make use of those available. This can lead to retirement savings gaps that...

July 11, 2025
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10Jul

UK. BoE governor says mandating pension investments is ‘not appropriate’

The government's proposed power to influence investment decisions within defined contribution (DC) pension schemes, outlined in the Pension Schemes Bill, has faced renewed scrutiny after Bank of England governor, Andrew Bailey, cautioned that such an intervention would not be "appropriate” and require “a lot of heavy lifting". According to the Press Association, Bailey said today (9 July) that he supports structural changes in the pensions industry but rejected the idea of mandating where schemes should allocate capital, stating: “I do not...

July 10, 2025
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10Jul

US. NYC pensions seek partners to expand place-based investments

New York City’s Bureau of Asset Management is in talks with fund managers and other possible partners to expand place-based investments by the city’s five pension funds, according to Valerie Red-Horse Mohl, deputy chief investment officer for responsible investing at BAM. “I’ve had meetings with four other entities based in the New York area that have a strong interest in this type of investment,” Red-Horse said last month at a committee meeting of the New York City Employees’ Retirement System...

July 10, 2025
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09Jul

Uganda. Insurance Industry Urged to Tap Into the Country’s Growing Pension Sector

Insurance companies in Uganda have been encouraged to design retirement-focused products to take advantage of opportunities in the fast-growing pension sector. Speaking at the inaugural Thought Leaders Forum on Pensions held at Mestil Hotel and organised by the Uganda Insurers Association (UIA), Rita Faith Nansasi, Acting CEO of the Uganda Retirement Benefits Regulatory Authority (URBRA), said insurers are strategically placed to boost the pension system through their expertise in long-term financial planning, investment, and risk management. "Retirement remains a distant concern...

July 9, 2025
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08Jul

Germany’s 34.1 billion euros pension gives mandate to China stock fund

A German pension fund has tapped a Chinese firm’s Hong Kong arm to help it invest in local stocks, in a rare move among global allocators that have been cautious about gaining exposure to the nation’s equities. KZVK, which manages 34.1 billion euros (S$51 billion), gave US$50 million to Fullgoal Asset Management (HK) in the second quarter, according to sources with knowledge of the matter. The mandate is to invest in Chinese equities listed in Hong Kong, the mainland and...

July 8, 2025
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07Jul

Japan’s US$1.7 trillion fund boosts ESG holdings as others flee

Japan’s US$1.7 trillion Government Pension Investment Fund (GPIF) has added to its environmental, social, and governance (ESG) investments, rejecting the shift away from green strategies by many global asset managers. GPIF held about 18.2 trillion yen (S$160.5 billion) of assets tracking ESG indexes at the end of March – or 14.7 per cent of the fund’s equity investments – up from 17.8 trillion yen a year earlier, according to documents published on Friday (Jul 4). The fund posted a quarterly...

July 7, 2025
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07Jul

US. What’s in your 401(k)? Why boomers and Gen X really need to know.

Your target-date fund might have the wrong mix for you, and new alternatives could be risky As stock and bond markets have whipsawed this year, you may be afraid to look at your 401(k) account balance. But all of the volatility actually makes this an opportune time to look under the hood of your 401(k) if you're nearing retirement or already there. The conventional retirement-investing advice is to "set it and forget it" - but at this stage of life, you...

July 7, 2025
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04Jul

US. Asset Gains for 100 Largest Public Pensions Surge $98B in May; PRT Costs Decline

The 100 largest public defined benefit plans in the U.S. raked in $98 billion in asset gains during May thanks to a 2.4% investment gain during the month, according to Milliman’s Public Pension Funding Index. It was the funds’ best monthly market performance in more than a year. The consulting and actuarial firm said the strong gains boosted their estimated funded level to 81.1% from 79.6% a month earlier. It also said that the deficit between the estimated plan assets and liabilities...

July 4, 2025
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