Pension Management Archives - Page 41 of 112 - Pension Policy International

27OctOctober 27, 2023

UK. New charter calls on political parties for pension reform

The Building a Consensus for Better Pensions charter unifies voices from across the pension industry in calling on major political parties for reform. Organisations from across the pension industry signed a new charter last week calling for reform to the pension savings system. The Pensions and Lifetime Savings Association (PLSA), the Association of British Insurers (ABI) and Age UK were among signatories calling on major UK political parties to prioritise pension reform in their manifestos ahead of the next General Election. “It’s almost 20...

October 27, 2023

NewsPension Management, UK

27OctOctober 27, 2023

Canada. Finance ministers to meet on Alberta’s proposal to leave Canada Pension Plan

Finance Minister Chrystia Freeland has agreed to convene a meeting with provincial and territorial finance ministers to discuss Alberta’s proposal to withdraw from the Canada Pension Plan. The agreement comes after Ontario Finance Minister Peter Bethlenfalvy called for the meeting in a letter to Freeland, saying Alberta’s withdrawal could cause “serious harm.” Freeland says any province has the right to leave the program, but it’s important the decision “be based on facts and be clearly and well informed. “It is absolutely my...

October 27, 2023

NewsCanada, Pension Management, savings

25OctOctober 25, 2023

World’s largest sovereign wealth fund loses $34 billion as all asset classes fall in third quarter

Norway’s $1.4 trillion sovereign wealth fund, the world’s largest, on Tuesday reported losses of 2.1% in the third quarter, as all asset classes fell in value. The so-called Government Pension Fund Global returned a loss of 374 billion Norwegian kroner ($34 billion) in the third quarter, citing a weaker three-month period, compared with the first half of the year. The results were still 0.17 percentage point stronger than the return on the fund’s benchmark index. The fund last reported a quarterly loss...

October 25, 2023

NewsInvestment, Norway, Pension Management

24OctOctober 24, 2023

Fund managers are updating bond models to capture a new risk

A growing number of asset managers is reassessing bond values tied to real assets, as a spike in the frequency of flash floods, fires and storms hits conventional pricing models. Mitch Reznick, head of sustainable fixed income at Federated Hermes, says climate risk is a key reason why the investment manager is now underweight real estate credit. Jonathan Bailey, global head of ESG and impact investing at Neuberger Berman Group, says he's increasingly looking at whether issuers have enough capital to...

October 24, 2023

NewsClimate crisis, Pension Management, Risk

24OctOctober 24, 2023

Zimbabwe seeks compensation for pensioners whose savings were wiped out in 2009

Zimbabwe wants the retirement industry to help compensate pensioners who lost their savings 14 years ago following a bout of hyperinflation that led to the collapse of the local currency and its eventual scrapping in favour of the US dollar. The switch to the greenback immediately wiped out the value of Zimbabwe dollar-denominated investments, leaving thousands of pensioners destitute. The payment of compensation is a key step toward helping restore confidence across the retirement industry, said Grace Muradzikwa, head of...

October 24, 2023

NewsPension Management, savings, Zimbabwe

23OctOctober 23, 2023

US. Private equity is past its peak, warns Pulitzer Prize-winning

A new business book calls into question the business model of private equity and argues the strategy won’t generate the same returns as in prior decades. Since the 1970s and 1980s, firms such as Apollo Global Management, Blackstone, Carlyle Group and KKR & Co., among others, made money in leveraged buyouts, more recently dubbed private equity, in which the firms buy up companies using investor assets, leverage them and aim for more efficiencies and higher profits. Institutional investors have come to...

October 23, 2023

NewsInvestment, Pension Management, US

20OctOctober 20, 2023

Global Pension Risk Survey: UK Findings 2023/24

By Aon The Global Pension Risk Survey has been running every two years for over a decade and it gives the pension industry great insight into how the pensions landscape has developed. The 2023 findings show that many pension schemes are grappling with recent challenges including persistent high inflation, rising interest rates and a raft of regulatory change. Schemes are having to prioritise carefully which actions they will address and when, while also navigating the risk of non-compliance as well as...

October 20, 2023

Books, Books, Pension Management, Reports2023, Investment, Pension Management, Risk

18OctOctober 18, 2023

UK. Regulatory change is pension schemes greatest concern

The 2023/24 edition of Aon’s Global Pension Risk Survey – published every two years for over a decade - charts the actions, plans and concerns of UK DB pension schemes. The UK survey had a total of 204 responses, covering DB schemes of all different sizes, from the relatively small (less than £100 million) to the very large (over £10 billion). This year, 63 per cent of respondents were trustees, including professional trustees, while a quarter were pension managers,...

October 18, 2023

NewsPension Management, Regulation, US

17OctOctober 17, 2023

US. DOL working on pension risk transfer rule review amid hot market

While pension risk transfer (PRT) deals continue to break records, federal regulators are nearing a deadline for review and recommendations of Interpretative Bulletin 95-1. Issued by the Department of Labor in 1995, IB-95 lays out the fiduciary standards for selecting an annuity provider for a pension risk transfer. Under the rule, pensions must consider the provider’s investment portfolio, size relative to the annuity contract, level of capital and surplus, liability exposure, and availability of state government guaranty associations. According to provisions in the...

October 17, 2023

NewsPension Management, Regulation, Risk, US

11OctOctober 11, 2023

PIAFRICA 2024: Shaping The Future Of Pension Funds And Alternative Investments In Africa

PIAFRICA 2024, the 7th edition of the Pension Funds and Alternative Investments Africa Conference, is set to take place on February 28th – 29th, 2024, at the Intercontinental in Mauritius. This distinguished event brings together Pension Fund Managers, Investment Managers, Institutional Managers, and industry leaders for a groundbreaking gathering. The overarching theme of the event revolves around exploring new investment avenues, especially in alternative investments, and addressing the challenges that accompany them. PIAFRICA is not just a conference; it’s a...

October 11, 2023

NewsAfrica, Investment, Pension Management

October 2023