Pension Management Archives - Page 102 of 109 - Pension Policy International

18MarMarch 18, 2020

How are Canadian pension plans responding to coronavirus?

Across the country, public pension plans are releasing statements to assure members that their defined benefit pensions are secure and that they’re taking measures to protect the health and safety of their own staff. The Colleges of Applied Arts and Technology pension plan said it regularly tests operations and will continue to make pension payments. “We are well prepared and feel confident your pensions will be paid on time,” it wrote in a statement. “Although our response times to...

March 18, 2020

News, SliderCanada, Pension Management

17MarMarch 17, 2020

COVID19 checklist for pension schemes

As governments and central banks across the world introduce extraordinary measures to limit the damage of this pandemic to both health and the global economy, The Pensions Regulator has urged trustees to have appropriate contingency plans in place to mitigate risks that could have significant consequences for their schemes and members. As such, Buck has launched a checklist aiming to help trustees and employers understand these risks, including actions that can be taken to mitigate them. The checklist...

March 17, 2020

News, Slider2020, Coronavirus, COVID-19, Pension Management

17MarMarch 17, 2020

In Nagoya, scramble for hospital beds shows coronavirus challenge for aging Japan

Hospitals in Nagoya city in Japan's industrial heartland have more coronavirus patients than they can treat, forcing transfers to nearby areas and offering a glimpse of the challenges the outbreak poses for a country with a huge elderly population. Japan has closed schools and canceled public events, which experts say has helped prevent an explosive spread of the virus. But because testing hasn't been widespread, some medical experts say the extent of infection is understated, and a surge could...

March 17, 2020

News, Slider2020, Pension Management, Sustainability

13MarMarch 13, 2020

Feverish Stock Price Reactions to COVID-19

By Stefano Ramelli, Alexander F. Wagner This paper studies how markets adjust to the sudden and rapid emergence of previously neglected risks. It does so by analyzing the stock price effects of the 2019 novel Coronavirus (COVID-19) outbreak. Over the first two months of 2020, the health care industry did relatively well in China, the US, and several other countries. Transportation and Energy plummeted everywhere. Within industries, US firms reliant on Chinese inputs and those with a strong export...

March 13, 2020

Articles, Investment2020, Coronavirus, COVID-19, Pension Management

13MarMarch 13, 2020

Inquiry Alleges ‘Substantial Impropriety’ at South Africa’s Public Investment Corp.

A judicial inquiry in South Africa recommended sweeping changes to laws governing Africa’s biggest fund manager after it found senior management, including former Chief Executive Officer Dan Matjila, flouted internal procedures. The investigation, led by retired Judge Lex Mpati, concluded there had been “substantial impropriety” at the state-owned Public Investment Corp., which manages 2.13 trilllion rand ($130 billion) of state-employee pension funds. It found that the board had acted as a “rubber stamp” for Matjila, who failed to disclose...

March 13, 2020

News, Slider2020, Africa, Pension Management, Regulation, South Africa

13MarMarch 13, 2020

Coronavirus: FTSE 100, Dow, S&P 500 in worst day since 1987

The main UK index dropped more than 10% in its worst day since 1987. In the US, the Dow and S&P 500 were also hit by their steepest daily falls since 1987. The declines came despite actions by the Federal Reserve and European Central Bank to ease financial strains. At the start of US trading, plummeting shares triggered an unusual automatic suspension in trading for the second time this week. When trade resumed 15 minutes later, shares continued to...

March 13, 2020

News, SliderInvestment, Pension Management

13MarMarch 13, 2020

Japan’s GPIF, World’s Largest Pension Fund, Joins U.S., U.K. Funds to Adopt Sustainability Practices

Pension funds representing about $2 trillion in assets under management are committing to sustainability investing The move brings some of the world’s largest asset owners into the ESG movement, joining fund managers, companies and governments Pension funds’ ESG commitment highlights focus on the long term even during the current market meltdown due to coronavirus Three of the world’s largest pension funds are taking a $2 trillion stand in favor of sustainability investing. Read also Climate risk body launches...

March 13, 2020

News, Slider2020, Pension Management, Sustainability

12MarMarch 12, 2020

Dutch pension funds stick to rebalancing policy

Dutch pension funds and their asset managers are sticking to their rebalancing policies within their strategic asset allocations, despite market volatility and falling interest rates. Many schemes will buy additional shares if equity markets remain at the current low level, several asset managers and pension providers have said. However, pension providers are keeping their cards close to their chest as they try to keep other market players in the dark about their intentions. “Making statements could unnecessarily inform the...

March 12, 2020

News, SliderCoronavirus, COVID-19, Europe, Investment, Netherlands, Pension Management

11MarMarch 11, 2020

China’s total pensions assets grew by 19 percent to RMB 15 trillion in 2019, forecasts KPMG

China's three-pillar pension sector sees healthy growth prospects, improving investment returns and growing participation following regulatory changes. China's total pension assets are expected to have grown by 19 percent in 2019 to more than RMB 15 trillion. This is a year-on-year growth rate similar to its long-term average of 17 percent recorded over the last decade. According to KPMG's latest China Pensions Outlook report, the increase was due to the development of occupational annuities and continued capital injection under...

March 11, 2020

News, Slider2020, Asia, China, Investment, Pension Management

11MarMarch 11, 2020

South Africa. The Eskom Pension and Provident Fund overpays for underperformance at the expense of Eskom employees

The Eskom Pension and Provident Fund (EPPF) is South Africa’s second-largest retirement provider of defined benefits. Most investors are focused on its solvency ratios and metrics of material costs, and less so on operational costs because of the proportion of the assets under management. A few percentage point changes in the operation costs has never been much of a cause for concern. But when operational costs become a significant financial burden, pensions should take notice. The CEO and principal...

March 11, 2020

News, SliderAfrica, Pension Management, South Africa

March 2020