Pension Management Archives - Page 44 of 112 - Pension Policy International

15SepSeptember 15, 2023

Risk Aversion and Savings Behavior

By Antoine Bommier, Francois Le Grand & Lionel Wilner This paper investigates the relationship between lifetime savings and risk aversion. First, we take a theoretical approach in a two-period framework with a very general non-parametric model. We show that risk aversion reduces savings in the presence of mortality risk. We then verify the negative impact of risk aversion on savings in a numerical exercise, with a multi-period setting where mortality risk is calibrated on actual demographic life-tables. Finally, we check...

September 15, 2023

Articles, Savings2023, Pension design, Pension Management, Risk

15SepSeptember 15, 2023

Mobile Apps Emerge as a Critical Tool for Retirement Plan Providers

Amid ongoing market volatility, it’s little wonder that plan participants are keeping a close eye on their retirement account balances, and they increasingly are doing so via mobile apps. As a result, mobile apps have taken center stage as critical tool for retirement investors, according to J.D. Power’s 2023 U.S. Retirement Plan Digital Experience Study released Sept. 14. And while improved market performance has helped lift overall satisfaction with retirement plan digital tools, for firms that want to differentiate and increase customer...

September 15, 2023

NewsPension design, Pension Management, savings, US

14SepSeptember 14, 2023

US. Fox Sued by New York City Pension Funds Over Election Falsehoods

New York City’s pension funds sued the Fox Corporation and its board on Tuesday, accusing the company of neglecting its duty to shareholders by opening itself up to defamation lawsuits from the persistent broadcasting of falsehoods about the 2020 presidential election. The lawsuit, filed in the Delaware Court of Chancery, is the most significant shareholder action since Fox settled a blockbuster defamation lawsuit brought by Dominion Voting Systems in April for $787.5 million. The city’s five pension funds represent nearly...

September 14, 2023

NewsCorporate Governance, Pension Management, US

14SepSeptember 14, 2023

How Africa’s pension funds are financing the continent’s infrastructure gap

African countries have huge infrastructure needs, and governments need private investment to help meet them, particularly considering increasing climate impacts and green development agendas. Local pension funds and other institutional investors are a significant but untapped source of finance. Two examples of pension fund consortiums, in Kenya and South Africa, offer promising models for engaging Africa’s institutional investors in closing the infrastructure financing gap and meet the continent’s growing infrastructure development needs. In just three years, these two consortiums have...

September 14, 2023

NewsAfrica, Investing, Pension Management

14SepSeptember 14, 2023

UK. TPR to ‘work more closely’ with pension administrators

The Pensions Regulator (TPR) has said it is planning to "work more closely" with third-party administrators (TPAs) and has updated on recent progress in a blog published today (13 September). The blog, written by TPR interim head of relationship supervision Cliodhna Judge, outlined how a recent pilot project on an ‘administrator relationships' function has led to better engagement with TPAs. The project, which has been running since early 2022, involved working with a voluntary administrator to "explore potential risk areas", and...

September 14, 2023

News, UncategorizedPension Management, Regulation, supervision, UK

12SepSeptember 12, 2023

Carving a Path For Fixed Income Through Shifting Scenarios

With market expectations that the Federal Reserve is close to the end of its interest rate hiking cycle with the likelihood of avoiding a U.S. recession, institutional investors are considering a wider set of opportunities across fixed income and credit to take advantage of attractive current yields. A selective investment approach may be a prudent choice, allowing investors to withstand prolonged inflationary pressures, uncertainty over slowing growth and persistent geopolitical risks. “From our fixed-income perspective, we are back in an...

September 12, 2023

NewsPension design, Pension Management

11SepSeptember 11, 2023

Top funds see biggest drop since 2008

A rocky market environment that affected all major asset classes saw total assets of the world's top 300 retirement plans record their worst drop since the global financial crisis of 2008, according to the latest annual survey by Pensions & Investments and Willis Towers Watson PLC's Thinking Ahead Institute. Assets of the top 300 retirement plans — including public and corporate pension funds, defined contribution plans and state-owned pension funds — fell 12.9% in 2022 to $20.6 trillion, compared with...

September 11, 2023

News, UncategorizedInvestment, Pension Management

08SepSeptember 8, 2023

Japan’s pension funds to increase allocations to active fixed income

As the Bank of Japan loosens its stranglehold on yields, opening the door for them to rise in a more volatile market environment, Japanese pension funds have started to recognize the merits of actively investing their Japanese fixed-income portfolio, sources said. For instance, the Government Pension Investment Fund, Tokyo, revealed in its annual report in July that it would shift an in-house ¥9.1 trillion ($62 billion) passive domestic bond fund to be actively managed. "The decision to shift the in-house domestic...

September 8, 2023

NewsInvestment, Japan, Pension Management

07SepSeptember 7, 2023

Nigeria’s pension, four other countries collaborate to grow over $70bn assets

Nigeria’s pension sector with assets under management (AUM) in excess of N16.7 trillion, equal to $22.14 billion at of June 2023 is collaborating with four other countries in Africa to grow their over $70 billion market size. The collaboration will enable them to foster the adoption of alternative investments and will focus on green finance, a pivotal driver for bolstering various sectors of the economy. This collaboration on Monday witnessed the launch of the Pan-African Fund Managers’ Association (PAFMA), a new...

September 7, 2023

NewsInvestment, Nigeria, Pension Management

07SepSeptember 7, 2023

Research finds pensions struggle to determine metrics for ESG goals

There’s no one-size-fits-all approach for pension funds looking to use an environmental, social and governance lens in their investment approach, according to a new publication from the pension research council at the Wharton School of the University of Pennsylvania. Olivia Mitchell, a professor and executive director of the pension research council at the University of Pennsylvania’s Wharton Business School and one of the editors of the volume, says institutional investors are split over the long-term value of an ESG approach between pursuing...

September 7, 2023

NewsESG, Pension Management, Regulation

September 2023