Pension Management Archives - Page 51 of 118 - Pension Policy International

29AugAugust 29, 2023

US. North Carolina Retirement Systems discloses $500 million in commitments

North Carolina Retirement Systems, Raleigh, committed a total of $500 million to private equity and inflation-sensitive asset funds. The $114.6 billion pension fund disclosed the commitments in a report included with the Aug. 23 investment advisory committee meeting materials on the website of Dale R. Folwell, state treasurer and sole trustee of the retirement system. The commitments closed in June and July of this year, according to the report. Within private equity, NCRS committed $150 million each to Hg Titan 2...

August 29, 2023

News, UncategorizedInvestment, Pension Management, US

28AugAugust 28, 2023

Zimbabwe: Pensioners Drown in Poverty As Companies Hold on to $47 Billion Deductions

HAVING grown up in the rural community of Chiriseri in Bindura South, Backdoor Mhunza says he witnessed the disgusting twist of circumstances which can ensue one in his old age due to reduced incomes. From experience, Mhunza could tell how chronic diseases may end up escalating among the aged who find themselves helpless and struggling to meet their basic needs, let alone paying for their medical treatment. Such childhood lessons left lasting impressions and since primary school Mhunza vowed that the...

August 28, 2023

NewsPension Management, savings, Zimbabwe

28AugAugust 28, 2023

Canada is burning, so why is our national pension fund still heavily into fossil fuels?

By: Patrick DeRochie Patrick DeRochie is the senior manager of Shift Action for Pension Wealth and Planet Health, a charitable project that tracks the fossil fuel investments and climate policies of Canadian pension funds, and mobilizes pension beneficiaries to engage fund managers on the climate crisis. As Canada experiences a record-shattering summer of deadly extreme weather, it’s worth remembering that our national pension fund has poured much of our retirement savings into the primary cause of the climate crisis: fossil fuels. In...

August 28, 2023

News, OP Ed, Op-EdCanada, Climate crisis, Investment, Pension Management

25AugAugust 25, 2023

Sustainable funds return to outperformance in reversal of 2022, says report

Sustainable funds beat traditional funds in the first half of 2023, helped in particular by a rebound in growth stocks, according to research from Morgan Stanley. In a report, the bank’s Institute for Sustainable Investing said the median return for sustainable funds in the first half of this year was 6.9% and traditional funds’ 3.8%. Structural market factors were more favourable to sustainable funds’ positioning in the first half of 2023, according to the report. In 2022, a rapid rise in...

August 25, 2023

NewsInvestment, Pension Management, Sustainability

25AugAugust 25, 2023

UK. Interest rates and pensions: good news and bad

The much higher interest rates we have seen in the past few months are clearly bad news for borrowers, especially for younger people trying to buy their first home. And higher long-term interest rates, pushing down the value of bonds, have hit the value of defined contribution (DC) pension pots, even though equities are up. However, it’s not all bad news, particularly not for older Britons. For those with a DC pension who have retired, or nearing retirement, higher bond interest...

August 25, 2023

NewsPension Management, UK

25AugAugust 25, 2023

Global Pension Risk Transfer Monitor: Record H1 Transaction Volumes in UK and US

-The Legal & General Group’s Global Pension Risk Transfer (PRT) businesses – Legal & General Retirement Institutional (LGRI), the United Kingdom’s longest-serving active PRT provider and Legal & General Retirement America (LGRA), a leading provider of pension risk solutions in the United States – today released the latest edition of the Global PRT Monitor, which analyses industry trends and market outlooks in the UK and US. In the US, the Monitor found that last year’s record momentum for US transactions...

August 25, 2023

NewsPension Management, Risk, UK, US

25AugAugust 25, 2023

Investment Option Switching Behaviour and Impact for Pension Fund Members Around the COVID Pandemic

By Adam Butt, Gaurav Khemba, William Lim, Geoff Warren & Shang Wu We study the switching of investment options by defined contribution pension fund members, using a unique dataset provided by a large Australian superannuation fund and spanning the market volatility associated with the COVID-19 pandemic. We find that both the magnitude and direction of switching activity is primarily related to market conditions, but is moderated by member characteristics. Switching activity appears reactive to market movements, with a spike in...

August 25, 2023

Articles, Investment2023, COVID 19, Pension Management

24AugAugust 24, 2023

$1.2m benefits from NSSF remain unclaimed in Kenya

Retirees failed to claim Ksh166.83 million ($1.2 million) in benefits due from the National Social Security Fund (NSSF) by the end of June 2022, the Auditor-General has revealed, with the fund coming under the spotlight over failure to remit the funds to the unclaimed assets authority. The unclaimed benefits were part of accrued payments of Ksh3.6 billion ($24.9 million) at the end of the period, which the state-owned pension fund continually pays out to retirees at the end of their working...

August 24, 2023

NewsKenya, Pension Management, savings

24AugAugust 24, 2023

U.S. PRT sales totaled $16.2 billion in Q2, more than doubling Q1 volume

U.S. pension risk transfer sales totaled $16.2 billion in the second quarter, more than doubling the volume from the previous quarter, a LIMRA survey found. The total volume in the second quarter also exceeded the volume during the same period last year by 31%, according to the survey. The increase in buyout volume from $12.3 billion in the second quarter of 2022 was primarily due to a single transaction. On May 1, Dallas-based AT&T Inc. announced the third-largest U.S. buyout transaction in history,...

August 24, 2023

NewsPension Management, Risk, US

23AugAugust 23, 2023

UN pension fund flags climate risk on ALM and performance

In a nod to headwinds including climate change, evolving demographics, and the future economic outlook the $85.5 billion United Nations Joint Staff Pension Fund, UNJSPF, will use a slightly lower real rate of return on investments to inform its upcoming actuarial valuation. The 2023 ALM study will consider various scenarios for the future, including those incorporating climate risk. The 2023 ALM study will consider various scenarios for the future, including those incorporating climate risk. Under a baseline scenario based on moderate...

August 23, 2023

NewsClimate crisis, Investment, Pension Management

August 2023