Pension Management Archives - Page 2 of 112 - Pension Policy International

12MayMay 12, 2026

Private credit is cracking, but pension funds aren’t blinking

Close to US$300bn flowed into private credit vehicles from institutional investors in 2025, and the money keeps coming — despite the sector's most turbulent stretch in years. Major pension systems are not just holding their private credit allocations; several are actively expanding them. Europe's largest pension investor, Dutch manager APG, plans to raise its private markets exposure above 30 percent of assets and could increase its private debt allocation to between 2 and 4 percent from roughly 1.5 percent currently, according to Reuters. In the...

May 12, 2026

NewsInvestment, Pension Management

12MayMay 12, 2026

Streamlining the risk transfer process: it’s harder than you might think

Ahead of a new research series from Pensions Expert into small scheme bulk annuities, members of the Endgame Perspectives Group explore how streamlined services have developed, their limitations, and how they can better serve pension schemes and members. Simplifying the risk transfer process isn’t as simple as it may appear. If we were to build the ideal risk transfer process for pension schemes now, without any baggage, what would it look like? Perhaps it’s a standardised process across insurers and advisers where contracts,...

May 12, 2026

NewsPension Management, Risk

08MayMay 8, 2026

Iran Conflict: How Long, and How Bad?

By Goldman Sachs The unprecedented US and Israeli coordinated attack on Iran has resulted in the largest energy supply disruption in history. With seemingly no end to the conflict in sight, its potential duration, impact on global energy supplies, and economic and market implications are Top of Mind. Chatham House’s Sanam Vakil and longtime US Middle East advisor Dennis Ross agree that an end to the conflict doesn’t look imminent owing to (the lack of) incentives on Iran’s side and...

May 8, 2026

Books, Books, Pension Management, Reports2026, Investment, Iran, Pension Management

08MayMay 8, 2026

Pension Systems, Demographic Aging, and the Home Bias Puzzle: Global Evidence

By Brian Peters This paper tests whether pension system growth mediates the relationship between demographic aging and cross-border portfolio diversification. Using a panel of up to 188 countries from 1990 to 2024, we find that demographic aging robustly predicts pension system growth (Z₁ = +69.2***, p = 0.0002, N = 1,225, 42 countries), establishing the first stage of the mediation chain. However, pension fund growth does not uniformly translate into changes in external portfolio allocation: the second stage (pension spending...

May 8, 2026

Articles, System Characterization2026, Aging, Investment, Pension Management

07MayMay 7, 2026

UK. TPR outlines vision for megafunds and simplified pensions market by 2036

The Pensions Regulator (TPR) chief executive, Nausicaa Delfas, has said the UK workplace pensions market could look “very different” by 2036, with a smaller number of large pension megafunds, greater consolidation and more scheme-led retirement solutions becoming the norm. Speaking at the Eversheds Sutherland UK Pensions Conference, Delfas said the pensions market was currently undergoing “the biggest changes in pensions since the introduction of auto-enrolment”. Setting out her vision for the future of the UK pensions system, Delfas said she expected to...

May 7, 2026

NewsPension Management, Regulation, UK

29AprApril 29, 2026

Market Turmoil Sparked by Iran War Wiped Out $233B in Public Pension Funding

A 3.5% aggregated investment loss spurred by war in the Middle East wiped $233 billion from the 100 largest U.S. public pension plans in March, dropping their funded levels to 83.7% from 87% in February, according to actuarial and consulting firm Milliman. It was the first time the dataset recorded investment losses in more than a year, and it halted the progress of the aggregate funded level’s steady rise from almost 80% funded 12 months earlier. Milliman estimated that individual...

April 29, 2026

NewsInvestment, Pension Management, Risk

29AprApril 29, 2026

Australia. Solving the $326 billion ‘stranded’ pension asset problem

More than 1.5 million Australians aged 65 and over have left money sitting in superannuation accumulation phase, paying tax at 15 per cent on investment earnings when they could be in the tax-free pension phase and receiving higher retirement income. A dialogue paper published by the Actuaries Institute, It’s Time: Here’s How to Turn Superannuation into a Retirement Income System, puts the aggregate value of those “stranded” balances at $326 billion. the additional tax cost to those individuals exceeds $2 billion...

April 29, 2026

NewsAustralia, Investment, Pension Management, Taxation

27AprApril 27, 2026

Analysis-Brazil shackles public pension funds after Banco Master meltdown

Brazil’s biggest bank failure in recent history has led to an aggressive crackdown on public pension funds, which were among its creditors, limiting their portfolios in ways that could make it harder to hit their long-term targets. The new restraints for public pension funds, which manage some $73 billion in Brazil, are part of the widening fallout from the liquidation of Banco Master, with consequences for politicians, a state-run lender and even central bankers. Although Master was not considered a systemic...

April 27, 2026

News2026, Brazil, Investment, Pension Management, System sustainability

16AprApril 16, 2026

UK. The birth of the buy-in: Reflections on 20 years of pension risk transfer

Buy-ins are now well-established and regularly dominate the headlines in the pensions press. But that has not always been the case. Take yourself back to March 2006. A small group of us at LCP was contemplating what the recent launch of a wave of new insurers seeking approval to write bulk annuities could mean for defined benefit (DB) schemes. We saw potential benefit for trustees and sponsors, and so our pension risk transfer practice was born. Today, we have a thriving...

April 16, 2026

NewsPension Management, Risk, UK

15AprApril 15, 2026

Major Australian pension fund mulls crypto offerings amid growing demand

Hostplus, Australia's third-largest pension fund by member count, is reportedly considering offering cryptocurrencies as an investment option, citing interest from its members in the asset class. “There’s certainly a demand from some of our members who write in and say, ‘Why can’t I have access to cryptocurrency?’” Sam Sicilia, the fund's chief investment officer, told Bloomberg on Monday. Investment offerings in crypto could be available as soon as next financial year, he said, with Bitcoin and other digital assets offered through its...

April 15, 2026

NewsAustralia, Cryptocurrencies, Pension Management

May 2026

Private credit is cracking, but pension funds aren’t blinking

Streamlining the risk transfer process: it’s harder than you might think

Iran Conflict: How Long, and How Bad?

Pension Systems, Demographic Aging, and the Home Bias Puzzle: Global Evidence

UK. TPR outlines vision for megafunds and simplified pensions market by 2036

April 2026

Market Turmoil Sparked by Iran War Wiped Out $233B in Public Pension Funding

Australia. Solving the $326 billion ‘stranded’ pension asset problem

Analysis-Brazil shackles public pension funds after Banco Master meltdown

UK. The birth of the buy-in: Reflections on 20 years of pension risk transfer

Major Australian pension fund mulls crypto offerings amid growing demand