Pension Management Archives - Page 38 of 112 - Pension Policy International

04DecDecember 4, 2023

Dutch pension fund PMT sells most fossil fuel holdings

Pensioenfonds Metaal & Techniek (PMT) has divested from 40 oil and gas companies, but remains invested in nine companies with “sufficiently convincing plans” for the energy transition and carbon reduction. All of the retained companies are headquartered in Europe. Over the past two years, the pension fund had asked all companies in the oil and gas sector in which it invests to commit to the Paris Agreement and set sufficiently ambitious and substantiated CO2 reduction targets. Forty of those companies could not meet...

December 4, 2023

NewsClimate crisis, ESG, Netherlands, Pension Management

01DecDecember 1, 2023

Meeting multiple objectives: The pension fund addressing mental health

With the right governance models pension funds can play a role in broader societal issues, such as mental health in the workplace, while still delivering financial security for members. A unique “democratic governance structure” at the Danish Velliv Association allows it to manage multiple objectives – delivering value to members and focusing philanthropic efforts on mental health in the workplace – chief executive Lars Wallberg told delegates at the Sustainability in Practice conference at Oxford University. The commercial Danish pension...

December 1, 2023

NewsHealth, Pension Management

30NovNovember 30, 2023

US. Corporate Pensions are Looking to Make Changes to Liability-Driven Investment Allocations

A new study commissioned by Franklin Templeton and conducted by Coalition Greenwich reveals corporate pension plans are signaling changes to their liability-driven investment (LDI) approaches in the current interest rate environment. The first dedicated Corporate Defined Benefit (DB) LDI research in over five years marks a distinct inflection point in pension plan management strategy and LDI approaches of the top US Corporate DB plans. “We have seen a dramatic shift in the funding ratio over a short period of time...

November 30, 2023

NewsPension Management, US

29NovNovember 29, 2023

97% of US Corporate Pensions Can Achieve Full Funding Without a Significant Draw on Corporate Cash: Report

Russell Investments has released its 2023 Prudent Pension Funding Report, which reveals most (97%) corporate pension plans can achieve full funding without a significant draw on corporate cash, based on the respective firms’ latest disclosures as well as market and interest rate movement so far in 2023. This finding increased from 86% in last year’s report. "Despite a challenging economic environment in 2023, pension plans continue on a positive trend for full funding," said Michael Hall, Managing Director, Americas Institutional at Russell Investments....

November 29, 2023

NewsOccupational Pensions, Pension Management, US

28NovNovember 28, 2023

IBM unveils details of retirement benefit account

International Business Machines has provided details to employees of the company's scrapping its 401(k) corporate match and replacing it with a cash balance component called a retirement benefit account, which is part of the IBM Personal Pension Plan, a defined benefit plan. The company confirmed earlier this month that the RBA would replace the 5% match for the 401(k) plan on Jan. 1, but didn't discuss details. The IBM Personal Pension Plan — closed to new participants since 2005 and frozen...

November 28, 2023

NewsDefined Benefit, Occupational Pensions, Pension Management, US

27NovNovember 27, 2023

Pension funds have lost market share among 100 largest asset owners with $23T AUM

The 100 largest asset owners in the world saw their assets under management decline by 9% by the end of 2022 compared to the previous year, but still controlled more than $23 trillion in assets. But who are they? Five years ago, pension funds were in pole position, holding 60% of AUM among the top 100 owners at the time. But relative investment performance – with a slower correction in their collective assets – and new inflows means sovereign wealth funds have...

November 27, 2023

NewsInvestment, Pension Management

27NovNovember 27, 2023

Canada. Alberta premier quiet on reason for abandoning promised in-person CPP exit consults

Alberta Premier Danielle Smith won’t say what happened to her government’s promise to hold face-to-face meetings with citizens in December on quitting the Canada Pension Plan. However, thousands of citizens got their say or tuned in to five recent telephone town hall consultations, she said during a house question period last week, noting nearly 100,000 people participated online. “We’re going to ask the chair of that committee, Jim Dinning, to give us his impressions of where we find ourselves.” New Democratic...

November 27, 2023

NewsCanada, Pension Management

24NovNovember 24, 2023

ESG and Public Pension Investing in 2023: A Year-To-Date Recap and Analysis

By Joshua Lichtenstein, Michael Littenberg & Reagan Haas Since 2021, Ropes & Gray has been actively tracking the various approaches states have taken on how or whether environmental, social and governance (ESG) factors should be applied to the investment decisions for public retirement systems. States have used legislative, administrative and enforcement mechanisms to address this area, which has been complemented by Congressional Republicans’ various attempts to shine a spotlight on ESG in recent months. Judging by the significant uptick in...

November 24, 2023

Articles, Investment2023, ESG, Investment, Pension Management, US

24NovNovember 24, 2023

UK pension transfer boom continues as deals worth $11 bln struck

Two British insurers on Friday struck deals to take on a combined 8.8 billion pounds ($11 billion) of company pension liabilities, including the largest such UK deal so far, as pension schemes strive to limit their risks in volatile markets. Legal & General (LGEN.L) said it had agreed a so-called full buy-in to the Boots Pension Scheme worth 4.8 billion pounds, in what it said was the largest such deal in Britain by premium size. Pension insurance specialist Rothesay, meanwhile, said it...

November 24, 2023

NewsPension Management, Risk, UK

23NovNovember 23, 2023

U.K. retirement industry skeptical of government’s ‘pot for life’ proposal

Proposals by the government to alter retirement plans, including creating a "pot for life" concept and consulting on expanding the U.K. lifeboat fund's remit, were met with mixed reaction by the industry. Chancellor of the Exchequer Jeremy Hunt on Nov. 22 outlined his Autumn Statement — the government's latest tax and spending plans — with a proposal to allow participants to divert their contributions to a retirement plan of their choice. The government is launching a call for evidence for defined...

November 23, 2023

NewsPension Management, UK

December 2023

Dutch pension fund PMT sells most fossil fuel holdings

Meeting multiple objectives: The pension fund addressing mental health

November 2023

US. Corporate Pensions are Looking to Make Changes to Liability-Driven Investment Allocations

97% of US Corporate Pensions Can Achieve Full Funding Without a Significant Draw on Corporate Cash: Report

IBM unveils details of retirement benefit account

Pension funds have lost market share among 100 largest asset owners with $23T AUM

Canada. Alberta premier quiet on reason for abandoning promised in-person CPP exit consults

ESG and Public Pension Investing in 2023: A Year-To-Date Recap and Analysis

UK pension transfer boom continues as deals worth $11 bln struck

U.K. retirement industry skeptical of government’s ‘pot for life’ proposal