Investment Archives - Page 63 of 149 - Pension Policy International

06OctOctober 6, 2023

U.K. investors turn up the heat on boards for climate transition plans

Investors with a collective £1.8 trillion ($2.2 trillion) in assets told high-emitting FTSE 350 companies that they expect to see climate transition plans on the agenda at their next annual meetings. The 18 investors include the Local Authority Pension Fund Forum, CCLA Investment Management, Sarasin & Partners and Ethos Foundation. In letters to corporate chairmen at 35 companies, the investors said that for the past two years they asked the corporate boards to provide shareholders with the opportunity to vote on...

October 6, 2023

NewsClimate crisis, Investment, UK

04OctOctober 4, 2023

Japanese pension funds with $600 billion to ink ESG pact

Japanese pension funds managing 90 trillion yen ($600 billion) will join a global initiative for responsible investment, Prime Minister Fumio Kishida said in a speech on Oct. 3. Seven of the nation's public retirement funds will start preparations to sign the Principles for Responsible Investment, Kishida said. The PRI was started by the United Nations in 2006 to encourage investment that takes environmental, social and governance factors into consideration. As the number of members has increased globally, Japanese firms have been...

October 4, 2023

NewsESG, Investment, Japan

03OctOctober 3, 2023

Danish pension fund completes US$520m divestment

Danish pension fund AkademikerPension has completed a fossil fuel divestment program to exit its portfolio of oil and gas stocks worth US$520 million with the sale of Italy's ENI. The fund, which oversees $20 billion in client assets, has undergone a divestment program spanning half a decade. It has now divested from BP, Chevron, Equinor, Exxon Mobil, Petrobras, PetroChina, Shell, Repsol and TotalEnergies. AkademikerPension, formerly named MP Pension, is a pension fund that admits academic degree holders, with more than 150,000 members privately or...

October 3, 2023

NewsClimate crisis, ESG, Investment

02OctOctober 2, 2023

Chinese stocks pose reputational risk to US, Canadian pension funds amid geopolitical tensions, says Alpine Macro strategist

Chinese stocks are becoming a reputational hazard for US and Canadian pension funds because of geopolitical risks, a strategist said. Money managers are having a hard time convincing their boards to invest in Chinese assets even if they see long-term potential, as they worry about being seen to be aligning with a hostile government, according to Alpine Macro, a Montreal-based research firm. As a result, they are reducing their exposure to the country and use any market rallies as an opportunity to sell, it...

October 2, 2023

NewsCanada, China, Investment, Pension Management

02OctOctober 2, 2023

Japan government pension acts on population strain

Japan’s Government Pension Investment Fund — one of the world’s most powerful investors — is overhauling the way it chooses active managers, in a bid to secure the higher returns needed to support a rapidly ageing population. As its sheer size makes it harder to achieve above average performance, the world’s largest pension fund is leaning increasingly on data science to find those managers who can beat the market. “If asset owners can develop a scientific method for selecting active...

October 2, 2023

NewsAging, Investment, Japan

28SepSeptember 28, 2023

Pension Savings Are an Emerging UK Political Battleground

Nothing says an election is looming more than a raft of proposed policies that have been collecting dust on think tank shelves for years . UK Chancellor of the Exchequer Jeremy Hunt has been dropping heavy hints of reforms and enhancements targeted at Conservatives’ core voters — namely people who follow changes in pensions and savings. The underlying theme is Buy UK equities. Hunt will seek to address getting UK savers to stop hoarding cash and making it easier for...

September 28, 2023

NewsInvestment, Pension design, Pension Reform, UK

27SepSeptember 27, 2023

UK pensions pull back from private equity

The steady increase in UK interest rates since the start of last year has resulted in improved funding ratios for the plans that comprise this $1.67tn pool of capital, allowing them to move money out of buyout and venture capital funds and into less risky assets, according to several pension system managers and consultants. Traditional pensions have been a mainstay source of capital to sponsored funds for decades, but changed market conditions since last year have caused that flow to...

September 27, 2023

NewsInvestment, UK

27SepSeptember 27, 2023

Ghana. Financial sector assets see 95% growth

The nation’s financial sector assets’ value in nominal terms has almost doubled – recording a growth of 94.96 percent between the end of 2017 and 2022; a period marked by sector clean-ups, the COVID-19 pandemic, Domestic Debt Exchange Programme (DDEP) as well as recapitalisation of institutions in the sector. This was contained in the Ghana Financial Stability Review dubbed ‘Managing financial stability risks in the midst of a difficult macroeconomic environment and Domestic Debt Exchange Programme’, released by the sector’s...

September 27, 2023

NewsGhana, Investment, savings

26SepSeptember 26, 2023

Dutch pension funds move hundreds of billions in assets to mandates

Dutch pension funds have transferred €372bn in assets from investment funds to mandates over the past three and a half years. Mandates make it easier for funds to implement their responsible investment policies. Pension funds’ net investments in investment funds used to be fairly stable, but from the end of 2019 outflows gradually started to accelerate, according to figures from regulator DNB. A DNB spokesman said that conversations with pension funds have indicated that these holdings have generally been converted to...

September 26, 2023

NewsInvestment, Netherlands

26SepSeptember 26, 2023

UK. How can the pensions market help diversify DC savings?

There is a wide gap between the defined benefit and defined contribution generations in terms of the standard of living they are heading into for in retirement. Narrowing this gap was identified as a key driver for government by pensions minister Laura Trott in her keynote address to Onward, which she delivered the day after chancellor Jeremy Hunt's Mansion House speech. But while many who represent pension providers are clamouring for this gap to be filled by additional contributions, the government says we can...

September 26, 2023

NewsInvestment, Pension Management, UK

October 2023

U.K. investors turn up the heat on boards for climate transition plans

Japanese pension funds with $600 billion to ink ESG pact

Danish pension fund completes US$520m divestment

Chinese stocks pose reputational risk to US, Canadian pension funds amid geopolitical tensions, says Alpine Macro strategist

Japan government pension acts on population strain

September 2023

Pension Savings Are an Emerging UK Political Battleground

UK pensions pull back from private equity

Ghana. Financial sector assets see 95% growth

Dutch pension funds move hundreds of billions in assets to mandates

UK. How can the pensions market help diversify DC savings?