Pension Management Archives - Page 43 of 112 - Pension Policy International

25SepSeptember 25, 2023

U.S. retirement assets continue increasing

U.S. retirement assets totaled $36.71 trillion at the end of the second quarter, according to data published recently by the Investment Company Institute. That marked the third straight quarterly increase after dropping to $32.81 trillion in September 2022. At the end of 2021, retirement assets were $39.73 trillion. Defined contribution assets totaled $10.23 trillion, up from the recent nadir of $8.96 trillion at the end of 2022's third quarter. The bulk, more than 70%, was placed in 401(k) plans. Defined benefit assets...

September 25, 2023

NewsPension Management, US

25SepSeptember 25, 2023

AI in Investment Management: Separating Hype from Reality

Daily advances in artificial intelligence are leading some to herald it as the next frontier in asset management. AI can generate opportunity with new investment ideas and sources of alpha, as well as improve the risk management of existing quantitative models while creating new ones. But which developments are real and actionable, and which are simply noise? “What we’re seeing is, in a way, remarkable. The level of awareness of the technology has increased massively,” said Benjamin Roy, chief technology officer...

September 25, 2023

NewsInvestment, Pension Management, Technology

22SepSeptember 22, 2023

Alberta presents plan to exit Canada Pension Plan

Today, the Alberta government released a report detailing just how Alberta plans to exit the Canada Pension Plan — which would have ripple effects on all Canadians. The proposal would amount to Alberta removing more than $330 billion — or almost sixty percent — of the Canada Pension Plan’s assets. Since 1966, Canadians have confidently invested their retirement savings in the CPP. More than 650,000 Albertans are CPP beneficiaries, and Canada’s chief actuary reports that the CPP is sustainable for at...

September 22, 2023

News2023, Canada, Pension Management

22SepSeptember 22, 2023

The Future of Global Retirement

By Andrew Evans & Will Wynne Smart is a world-leading retirement technology provider. Our mission is to transform retirement, savings and financial wellbeing, across all generations, around the world. Launched in 2015, our technology platform – Keystone – serves the needs of retirement savers globally, and we are now active on four continents. Keystone is specifically designed to help governments and financial services organisations to serve their citizens' and customers' retirement saving and spending needs. Smart’s team of engineers, researchers and user...

September 22, 2023

Books, Books, Reports, Savings2023, Australia, Investment, Pension Management, savings, South Africa, UK, US

22SepSeptember 22, 2023

2023 BlackRock Read on Retirement

By Black Rock If the pandemic taught us anything, it’s that burnout is real. Three years on, it turns out it’s not just a workplace side effect. BlackRock’s 2023 Read on Retirement™️ survey reveals that financial burnout is on the rise – and one for employers to watch. Today, only about half of workplace savers feel on track to retire with the lifestyle they want – a double-digit drop compared to last year and a worrisome trend since 2021. Encouragingly, though, this drop in...

September 22, 2023

Books, Books, Reports, System Characterization2023, Investment, Pension Management, US

22SepSeptember 22, 2023

2023 Retirement Plan Landscape Report

By MorningStar Millions of Americans rely on the U.S. retirement system to save and invest for their futures. Similarly, the system depends on new employers offering retirement plans to replace plan closures. Expanding access to employer-sponsored retirement plans is essential to ensuring Americans are saving enough for the future, but it’s also necessary for the current system to address its weakness. In the second iteration of our annual report, we take a comprehensive look at the overall health of the...

September 22, 2023

Books, Books, Pension Management, Reports2023, Investment, Pension Management, Political economy, US

22SepSeptember 22, 2023

A year after budget crisis, UK debt faces fresh pensions headwind

Britain's pensions industry, Europe's biggest, is posing a new challenge to the country's 2 trillion pound ($2.5 trillion) government bond market a year on from the "mini-budget" crisis that put the sector at the centre of financial stability fears. Pension funds are big buyers of UK debt, known as gilts, but they are likely to step back just as the Bank of England (BoE) reduces its own holdings faster and debt issuance remains high, adding pressure on British borrowing costs. Benefiting...

September 22, 2023

NewsPension Management, UK

21SepSeptember 21, 2023

Higher fees for inclusion of ESG and private markets a ‘real barrier’ for DC schemes

The higher charges for incorporating environmental, social and governance (ESG) and private market investments is a “real barrier” for defined contribution (DC) schemes, which are reluctant to reverse the fall in charges seen over the past decade, according to WTW.The consultancy’s latest DC Pensions and Savings report found that average charges for DC schemes in the UK had fallen by 20 per cent, from 41 basis points in 2014 to 33 basis points in 2023.It noted that this was...

September 21, 2023

NewsDefined Contribution, ESG, Pension Management, UK

19SepSeptember 19, 2023

Canadian pension funds ignore rapid rise in climate dangers

Canadian pension funds with hundreds of billions in assets are ignoring the threat to their members’ retirement security as the global climate tips into a new and more destructive phase. “There are some pretty ominous concerns that we’re approaching tipping points,” says Patrick DeRochie, senior manager with Shift Action for Pension Wealth and Planet Health, an educational and advocacy organization on Canadian pensions and climate. “Pension funds need to understand that their mandate is impossible to fulfill without a stable climate....

September 19, 2023

NewsCanada, Climate crisis, Pension Management

18SepSeptember 18, 2023

Investors eye sustainability upgrades for UK and European offices

Private and institutional investors are actively seeking UK and European offices that score poorly on environmental grounds in order to increase their value through sustainability improvements, research shows. According to Knight Frank’s ESG Property Investor Survey, 58% of investors plan to acquire older office assets that require sustainability improvements to meet future environmental standards. Among the surveyed investors, only 22% aim to sell poor-performing properties, while 76% plan to enhance or improve their current buildings. However, 40% of 'core' investors do intend...

September 18, 2023

NewsESG, Pension Management

September 2023