May 2024
29May

The world’s largest pension fund may be running dry

A population equaling the size of the entire U.S. will retire from China's workforce by 2035, and the country isn't reproducing sufficiently to mend its fraying social safety net Fifty-eight-year-old Li Zhong, a traditional-Chinese-medicine salesman, retires in two years and doesn't fret about his pension. It's his daughter he is worried about. He recently took out a mortgage to help her buy a house in a Shanghai suburb. China's housing bubble burst in 2021, and prices are at their lowest levels...

May 29, 2024
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28May

UK Pension Fund Market Expected to Reach USD 5.22 Trillion by 2029

The "UK Pension Fund - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2020 - 2029" report has been added to ResearchAndMarkets.com's offering. The UK Pension Fund Market size in terms of assets under management value is expected to grow from USD 4.25 trillion in 2024 to USD 5.22 trillion by 2029, at a CAGR of 4.22% during the forecast period (2024-2029). UK Pension Fund Market Trends Ageing population rate in United Kingdom affecting United Kingdom Pension Funds Market As a country's population grows, there is...

May 28, 2024
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27May

Rethinking the route to retirement investing

At any time in an economic cycle, keeping watch on how retirement portfolios are positioned is good practice. On the back of the relentless swings in asset prices, which investors have endured for so many months, it is vital. Recent market sentiment, as well as fund flows and performance, can attest to this. Take China and Hong Kong equities, for instance. In April, the Hong Kong and Greater China equity markets were the only asset classes posting positive returns, with...

May 27, 2024
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24May

US. Pension Risk Transfer Market Sets Q1 Record

The first quarter of this year marked was the largest first quarter on record, as estimated $15 billion in pension risk transfers closed in the period. According to Legal & General Retirement America, the activity significantly outperformed the previous record of $6.3 billion in 2023 and nearly triple the 2022 amount of $5.3 billion. LGRA found that jumbo transactions continue to be the driving force behind the market’s strong performance, as two transactions that closed in Q1 totaled $11 billion....

May 24, 2024
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24May

How South Korea’s giant pension funds fell prey to $395m NDIS housing scam

James Charisiou was no novice at corporate finance. At KPMG, the Melburnian advised banks on big deals. On Friday, he was sentenced to 12 years in jail for the deal of his life – securing $395 million from South Korean investors to build specialist accommodation for use in the National Disability Insurance Scheme. If only any of it was real. The elaborate fraud rocked Australia’s property industry. Charisiou even used the names of some of the sector’s most prominent executives...

May 24, 2024
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22May

US. NYC Pension to Invest $60 Million to Preserve Cheap Housing

New York City’s $86 billion pension fund for civil employees is investing in a nonprofit-led partnership that took on property loans tied to rent-controlled and rent-stabilized apartment buildings from the failed Signature Bank. New York City Employees’ Retirement System, or NYCERS, will invest as much as $60 million in a partnership, led by the Community Preservation Corp., that will preserve nearly 35,000 rent-stabilized units affected by the Signature Bank’s sudden collapse last March, city Comptroller Brad Lander said Tuesday. The...

May 22, 2024
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21May

Pension De-Risking with Lump Sum Windows

Pension plans are critical components of retirement security, yet they pose significant financial and operational risks to sponsoring organizations. The volatility of funding requirements, coupled with longevity and investment risks, compels companies to seek innovative de-risking strategies. Offering a temporary lump sum window to active employees over age 59½, as facilitated by the Miners Act of 2019, has emerged as a strategic tool for de-risking pension plans. Background The Pension Protection Act of 2006 introduced the concept of phased retirement whereby pension...

May 21, 2024
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17May

Goldman Strikes $43 Billion Investing Deal for UPS Pension Funds

By Marion Halftermeyer, Sridhar Natarajan   Goldman Sachs Group Inc. clinched a $43 billion mandate to invest pension fund assets of parcel-delivery company UPS, in one of the largest deals of its kind. The investment mandate announced Thursday pushes Goldman, which manages some $325 billion of such pension assets, closer to its goal of surpassing rivals in the next three to five years. Those rivals include Marsh McLennan’s Mercer, BlackRock Inc. and Russell Investments. The multitrillion-dollar global business of taking on investing responsibility...

May 17, 2024
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17May

Nigerian Government Denies It’s Attempting to Illegally Access Workers’ Pension Funds

In response to circulating rumors, the Federal Government has emphatically denied any intentions to illegally access the hard-earned savings and pension contributions of workers. This clarification comes amidst concerns raised by various quarters regarding the safety and security of pension funds. The Finance Minister, Wale Edun addressed the issue, stating, “The pension industry, like most financial industries, is highly regulated. There are rules. There are limitations about what pension money can be invested in and what it cannot be invested in.” He...

May 17, 2024
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16May

S. Korea’s retirement pension funds post double-digit growth in 2023

South Korea's retirement pension funds posted a double-digit growth last year amid the higher return on investment, government data showed Thursday. Corporate retirement pension funds under management grew 13.8 percent over the year to 382.4 trillion won (283.9 billion U.S. dollars) in 2023, according to joint data from the Financial Supervisory Service (FSS) and the Ministry of Employment and Labor. For the past five years, the retirement pension funds doubled from 190 trillion won (141.1 billion dollars) in 2018. The funds' annual...

May 16, 2024
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