December 2022
08Dec

Vanguard quits Net Zero Asset Managers initiative

Vanguard Group is leaving an asset managers initiative committed to net-zero goals and will pursue similar objectives independently, it said Wednesday in a statement on its website. With roughly $8.1 trillion under management, Vanguard was one of the largest members of the Net Zero Asset Managers initiative, which as of November had 291 signatories with a collective $66 trillion under management, committed to net-zero carbon emissions by 2050. Vanguard said in its statement that it was withdrawing from the initiative it...

December 8, 2022
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08Dec

BlackRock adding ESG policy to its flagship U.K. DC strategy

BlackRock is formally incorporating an ESG policy into its flagship defined contribution strategy in the U.K., the asset manager said in a news release Wednesday. The LifePath U.K. series of target-date funds launched in 1997 had £9.2 billion ($10 billion) in assets under management as of Sept. 30. It provides access to 11 asset classes through index funds. Adding the ESG policy "is a continuation and evolution of LifePath U.K.'s ESG journey, which began in 2019, and reflects scheme members' requirements...

December 8, 2022
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08Dec

Canada’s biggest pension plan, CPPI, ends crypto investment pursuit

Canada's biggest pension fund, CPP Investments, has ended its effort to study investment opportunities in the volatile crypto market, two people familiar with the matter told Reuters. The reasons behind CPPI's abandonment of crypto research were not immediately clear. CPPI declined to comment but said it has made no direct investments in crypto. It referred to previous comments on cryptocurrency by its CEO, John Graham, in which he sounded a note of caution. Read also Swedish pension funds invest in cryptocurrency CPPI's...

December 8, 2022
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06Dec

Ghana. Pensions will be protected against Debt Exchange – TUC assures workers

The Trades Union Congress(TUC) has assured that it will take steps to safeguard workers’ pensions amid the implementation of government’s Domestic Debt Exchange (DDX) Programme. In a statement issued on Monday, the TUC expressed disquiet about the failure of government to engage Labour ahead of the launch given that substantial portion of workers’ pension is invested in government bonds. Read also Shelter Afrique target East African bourses, pension funds in USD 500mn housing bond Nonetheless, the TUC appealed to all workers...

December 6, 2022
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05Dec

Swedish pension funds invest in cryptocurrency

Swedish public pension funds have invested hundreds of millions of kronor in a cryptocurrency company that has lost 87 per cent of its share value, Swedish daily Dagens Nyheter (DN) reported on Saturday. Four public pension funds, which manage the pension money on behalf of the Swedish public, have invested more than SEK200 million (USD19 million) in Coinbase, a cryptocurrency trading company, according to the report. Details of how many shares have been bought and sold were not revealed. But DN...

December 5, 2022
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05Dec

Private Debt Funds Tap Australia’s $2.3 Trillion Pension Savings

After winning over some of the biggest retirement plans in the US, private credit managers have found new fertile ground for their investment pitch: Australia’s $2.3 trillion pension industry. Four of the top-10 pensions Down Under -- Australian Retirement Trust, HostPlus, UniSuper and Colonial First State -- are making significant increases to their private credit allocations, according to recent statements and interviews with Bloomberg News. AustralianSuper, the nation’s largest, is midway into a three-year push to triple its allocation. That’s music...

December 5, 2022
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02Dec

Sustainable change needs to happen from the inside out. Here’s why that needs investment

Today, the number of impact-driven startups and scale-ups with noble intentions of improving the planet are plentiful, as are their ideas for clean alternatives to dirty technologies and innovations. But unfortunately, many of these ideas are simply reinventing what already exists, whether it be a product, supply chain or distribution system. Moreover, many are trying to reinvent all those things in parallel. These attempts sometimes fail to consider what competitors are already doing out there and don't take a holistic...

December 2, 2022
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01Dec

Canada Pension Plan funds war and climate change

The Canada Pension Plan (CPP) manages $539 billion on behalf of over 21 million working and retired Canadians, making it the seventh largest pension plan in the world. The CPP Investment Board (CPPIB) however is accountable first and foremost to the federal and provincial governments, not the contributors and beneficiaries. A webinar  “What is the CPPIB Really Up To?” was hosted earlier this year by the Canadian Foreign Policy Institute, Just Peace Advocates, World BEYOND War and several other organizations....

December 1, 2022
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01Dec

OECD Pensions Outlook 2022

The OECD Pensions Outlook discusses how to introduce, develop and strengthen asset-backed pension arrangements, the role that employers can play in their provision, and the implication of different fee structures on individuals saving for retirement and on providers. The 2022 edition focuses on describing best practices for developing mortality tables and providing policy guidance on how to design, implement and continue the operation of non-guaranteed lifetime retirement income arrangements. Get the report here

December 1, 2022
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November 2022
30Nov

US. Amid FTX fallout, public pension fund defends its big bet on crypto-related holdings

As investors scramble to assess the fallout from the bankruptcy of cryptocurrency exchange FTX and the general price collapse of bitcoin and other digital currencies, a public pension fund is standing by its hefty commitment to crypto-related holdings. The Fairfax County Police Officers Retirement System, a defined-benefit pension plan covering law-enforcement officers in the sprawling northern Virginia county, has over 7% of assets invested in crypto-related holdings, according to a person familiar with the fund, spread across venture capital and...

November 30, 2022
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