Pension Management Archives - Page 47 of 118 - Pension Policy International

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

09OctOctober 9, 2023

US. New SEC Names Rule getting mixed reaction from industry

Opinions vary on the SEC's choice to expand the scope of its Names Rule — while some industry players feel the new rule will help prevent misleading fund names, others say it will be a disruption to the industry. According to SEC Chair Gary Gensler, the rule amendments "will help ensure that a fund's portfolio aligns with a fund's name. Such truth in advertising promotes fund integrity on behalf of fund investors," he said in a news release Sept. 20...

October 9, 2023

News2023, Pension Management, Regulation, US

09OctOctober 9, 2023

What’s wrong with private market valuations and why do UK pension funds care?

Britain's Financial Conduct Authority said last week a review of risks in markets for unlisted assets would check how valuations are being undertaken and whether any risks could spread into banking. WHY IS THE REGULATOR WORRIED? Stock markets and prices of government bonds have been hit by expectations of higher interest rates for a longer period than initially anticipated. Prices of private, unlisted assets have remained relatively high, raising questions about how valuations are conducted and if a reckoning is due. WHY...

October 9, 2023

News2023, Pension Management, Regulation, Risk, UK

09OctOctober 9, 2023

Kenya. Pension fund assets up Sh127bn on NSSF new rates

Pension fund assets rose by Sh127 billion in the first half of this year, boosted in part by the introduction of higher mandatory contributions to the National Social Security Fund (NSSF) and exchange gains on offshore investments. The 8.1 percent growth to Sh1.704 trillion was also boosted by new investments in Real Estate Investment Trusts (Reits), including the Sh6.92 billion Laptrust Imara Investment Reit (I-Reit) which was listed on the Nairobi Securities Exchange (NSE) in March. Read: Pension funds fail to...

October 9, 2023

News2023, Kenya, Pension Management, savings

06OctOctober 6, 2023

Asian Retirement Markets 2023: Building Security Against Uncertainty

By Shaun Ng As Asia’s retirement pension funds evaluate the funding status for the many approaching their golden years, alternative investments offer diversification and returns. Major pension funds in Asia have been diversifying further into alternatives, driven by the need to deliver solid returns and combat inflationary pressures as they face a looming underfunding crisis. However, nearly 41% of Asian pensions surveyed by Cerulli cite a “limited understanding” of alternatives, while one-third say they lack in-house expertise when investing in alternatives....

October 6, 2023

Books, Books, Pension design, Reports2023, Asia, Investment, Pension Management

06OctOctober 6, 2023

Inflation concerns drive Asia-Pacific pension funds to alternatives

Pension funds in Asia-Pacific are planning to increase allocations to alternatives to hedge against inflation, but they lack the expertise and understanding to manage these assets in-house, according to a Cerulli Associates report. Between 2020 and 2022, these pension funds increased allocations to alternative assets by 28.4%, and are looking to outsource their alternative investments — particularly to hedge funds, private equity and private debt, according to The Cerulli Report — Asian Retirement Markets 2023: Building Security Against Uncertainty. Figures...

October 6, 2023

NewsAsia, Investment, Pension Management

05OctOctober 5, 2023

DB schemes’ sustainability reporting will be ‘ineffective’ without integrated approach

Defined benefit (DB) pension schemes have been warned they will lack the information needed to understand how nature- and climate-related risks impact them without an integrated approach to sustainability reporting. In a briefing note on Taskforce on Nature-related Financial Disclosures (TNFD), Hymans Robertson highlighted key actions asset owners should take to try and ensure successful TNFD reporting. TNFD published its final recommendations for nature-related risk management and disclosures in September. The recommendations aim to outline the relationship between nature, business and financial capital,...

October 5, 2023

NewsPension Management, UK

05OctOctober 5, 2023

South Africa. Some pensioners are still queuing for hours for their grants

Pensioners still had to wait hours to collect their grants at some places in Cape Town, though on the whole the payments seemed to be going more smoothly. Last month, thousands of social grant beneficiaries did not receive their money on time due to a technical glitch with PostBank. When GroundUp arrived at noon on Tuesday, about 80 people were waiting at the Gatesville Post Office to receive their pension. Elizabeth Fredericks, 75, waited for five hours before receiving her grant. She arrived...

October 5, 2023

NewsPension Management, Pension Payout, South Africa

October 2023