November 2023
07Nov

China pension fund posts 0.33% gain in 2022

The basic pension fund managed by China’s social security fund gained RMB 5.1 billion, or 0.33% in 2022, down from a 4.9% gain in 2021, the National Council for Social Security Fund said on Saturday, reports Reuters. The shrink in yield was mainly impacted by deep changes in global economic and political situations and increasing fluctuations in the financial markets, the state investor said in a statement. China’s stock benchmark CSI 300 lost 21.6% in 2022 and so far this year...

November 7, 2023
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06Nov

Canada. ‘Take your job seriously’: Employment Minister tells Alberta to stick with Canada Pension Plan

Federal Employment Minister Randy Boissonnault says he is against any attempt by the Alberta government to leave the Canada Pension Plan. "I can tell you that the federal government and I are very clearly committed to working with Albertans to keep them in the Canada Pension Plan," Boissonnault told CTV’s Power Play on Friday. "It's simply wrong to politicize pensions." Alberta's governing United Conservative Party contends that the province's workers put more into the Canada Pension Plan (CPP) than they get...

November 6, 2023
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03Nov

2022 Future Focus Survey: ESG and sustainable investing trends in Europe

By J.P. Morgan Asset Management   While allocations to sustainable investing strategies continue to grow, the average allocation across Europe is relatively low, at 23%. Even in Finland, which tops the table, the average allocation is only 33%. It is clear that even in the region where sustainable investing is most popular, broad ESG adoption is still at the early part of its journey.* Interestingly, there is far more divergence among the investors within countries than between them. Therefore, we urge investors to focus on the...

November 3, 2023
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03Nov

Alberta pension plan: Analysis of costs, benefits, risks and considerations

By LifeWorks Alberta Treasury Board and Finance (ATBF) has engaged LifeWorks to prepare a detailed analysis of the costs, benefits and structure of a potential Alberta Pension Plan (APP). This analysis includes actuarial, economic, legal, and technical information regarding the establishment and ongoing operation of an APP. This analysis will give ATBF a clearer picture on what a future provincial pension plan may look like and help answer key questions that Albertans are asking about the costs and benefits of such a move. This report does...

November 3, 2023
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03Nov

ESG in China: A review of practice and research, and future research avenues

By Hongtao Shen, Honghui Lin, Wengi Han & Huiying Wu   This paper reviews the practice and research on environmental, social and governance (ESG) in China. It finds that (1) under China’s top-down framework, ESG practices have grown substantially in ESG disclosure, ESG rating and ESG investing; and (2) ESG research has focused on corporate ESG disclosure and performance as well as ESG investing. Although the topics of the ESG studies reviewed in this paper are similar to those of ESG...

November 3, 2023
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03Nov

The Impact of Population Aging on Financial Services and Economic Development

By Hongyu Fang With the increasing aging population, it has had a profound impact on the financial services industry and economy. This study aims to explore the effect of population aging on the financial service industry and economy and propose corresponding countermeasures and suggestions. The aging population has brought challenges to the financial services industry. The increase in the elderly population has led to a rise in demand for financial products and services. Financial institutions innovate and develop financial products...

November 3, 2023
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03Nov

CrusaderSterling Pensions bags Africa’s Most Innovative Pensions Fund Management Company of the Year 2023 award

CrusaderSterling Pensions Limited (CPL) has been honoured for its exceptional dedication and innovation at the 4th Africa Financial Technology Congress (AFTC), where it was awarded “Africa’s Most Innovative Pensions Fund Management Company of the Year 2023.” This recognition serves as a testament to CrusaderSterling Pensions’ unwavering commitment to delivering financial solutions that empower individuals to secure their financial futures. The company has consistently demonstrated its ability to embrace technological advancements, implement new strategies, and adapt to the evolving needs of its...

November 3, 2023
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October 2023
31Oct

UK trustees should challenge advisors but government needs to lead change

Around £1.2 trillion of UK pension fund assets lies in around 5,000 defined benefit schemes that primarily invest in Gilts and corporate bonds. With a suite of initiatives, the government is attempting to get the country’s fragmented DB (and DC) pension sector to invest more in illiquid assets and help fuel economic growth, as well as exploring how to consolidate these funds into larger pools. The biggest UK pension funds like Railpen, Nest and LGPS already invest in alternatives and nine...

October 31, 2023
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30Oct

How Nigeria’s Contributory Pension Scheme Grew 52% in Three Years

The Director General of the National Pension Commission (PenCom), Mrs Aisha Dahir-Umar, has said pension assets under the Contributory Pension Scheme (CPS) surged by N5.94 trillion or 52.3 per cent over the last three years from N11.35 trillion in August 2020 to N17.29 trillion in August 2023. The CPS is an arrangement where both the employer and the employee contribute a portion of an employee’s monthly emoluments towards the payment of the latter’s pension at retirement. Speaking recently on the development...

October 30, 2023
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30Oct

Korea’s national pension fund logs over 10% return through October

Korea's state pension fund registered some 10 percent yield through October on the back of good performance in its investments in local and overseas stocks, its operator said Monday. The National Pension Service (NPS) said the national pension fund logged a 10.27 percent return in the January-October period, with the value of its assets under management reaching 997.38 trillion won ($739 billion) as of end-October. Last year, the pension fund logged its worst return at minus 8.28 percent amid jitters in...

October 30, 2023
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