Pension Management Archives - Page 57 of 118 - Pension Policy International

19AprApril 19, 2023

Global Pension Funds Fall Short of Private Equity Targets in Q1

Pension funds worldwide fell slightly short of meeting their private equity allocation targets in the year’s first quarter due to uncertain macroeconomic conditions affecting institutional investment decisions, according to S&P Global Market Intelligence. Among 365 global pension funds, the median allocation to private equity was $276 million, compared with a median target allocation of $280 million, according to S&P Global Market Intelligence and Preqin. The under allocation was attributed to a relative dearth of private equity and venture capital fund...

April 19, 2023

NewsInvestment, Pension Management

17AprApril 17, 2023

Nigeria. Pension funds investment in banks reduced to N1.6trn by PFAs

The Pension Funds Administrators has reduced the funds under the Contributory Pension Scheme that was invested in fixed deposits and bank acceptances to N1.6 trillion in February. This was as the total funds under the scheme hit N15.49 trillion in the period under review, according to the National Pension Commission. PenCom disclosed this in its unaudited report on the pension funds industry portfolio for the period ended February 28, 2023. The data provided information on the approved existing schemes, Closed Pension...

April 17, 2023

NewsInvestment, Nigeria, Pension Management

13AprApril 13, 2023

Bank of Korea, pension service seal $35 billion FX swap deal to help ease pressure on won

South Korea's central bank on Thursday agreed a deal with the National Pension Service that allows the latter to secure up to $35 billion in funds outside the standard foreign exchange market, a move offering support to the beleaguered Korean won. The move comes in the wake of the won weakening more than 8 per cent versus the dollar in just two months, hit by a ballooning trade deficit and a fresh wave of risk aversion in global markets. The won...

April 13, 2023

NewsPension Management, Polirical Economy, South Korea

12AprApril 12, 2023

U.K. pension funds see surplus drop as liabilities grow

The aggregate surplus of U.K. defined benefit funds covered by the PPF 7800 index declined 5.8% in March to £359.3 billion ($443.8 billion), as liabilities increased due to lower government bond yields. The surplus almost doubled for the year ended March 31, from £193 billion, according to a Tuesday update by the Pension Protection Fund, London. The PPF is the lifeboat fund for pension funds of insolvent U.K. companies. The aggregate funding ratio was 133.2% as of March 31, compared with...

April 12, 2023

NewsPension Management, UK

11AprApril 11, 2023

US. Does ESG Matter in Public Finance? It Depends

In case you’ve tuned it out, there’s a battle underway between proponents of “sustainability” analysis of corporate business practices and those who favor “drill, baby, drill” and “anti-woke” free market profitability metrics and political slogans. The debate worked its way up to Capitol Hill, where Congress passed and President Biden vetoed a bill to stifle retirement account fiduciaries’ consideration of environmental, social and governance (ESG) factors in their funds’ investments. At the state level, meanwhile, a number of oil-rich states...

April 11, 2023

NewsESG, Investment, Pension Management

05AprApril 5, 2023

US. NYC pension leaders to seek emissions cut plans from fund managers

New York City pension leaders will press external fund managers, including private market fund managers, on Wednesday for details on their plans to cut greenhouse gas emissions, officials said. Public, and private market managers that have faced less pressure on climate issues to date, run most of the roughly $240 billion in New York City pension fund assets. Boards overseeing the majority of that money have approved new expectations for those managers, New York City Comptroller Brad Lander said, which...

April 5, 2023

NewsESG, Pension Management, US

05AprApril 5, 2023

$2 Billion Loss at Sweden’s Pension Fund Has Stocks Chief Put on Leave

Sweden’s biggest pension fund Alecta has put its equities chief on leave and announced a plan to reduce risk exposure after reporting $2 billion in investment losses tied to last month’s US banking crisis. On Tuesday, Alecta said it would scale back large stakes in companies far from its home market and named Ann Grevelius as acting head of equity portfolio management. Liselott Ledin, the equities chief responsible for making Alecta one of the largest shareholders in Silicon Valley Bank...

April 5, 2023

NewsInvestment, Pension Management, Sweden

03AprApril 3, 2023

‘Pensions have done more than most for ESG but it’s time for more action’

If the recent Treasury sub-committee on financial services regulations ("Greenwashing: sustainability disclosure requirements") is anything to go by, there remain far too many people in and around financial services who think we are doing a good job addressing sustainability challenges. We are not. Clients are confused, and despite pockets of excellence, sustainability challenges are getting worse not better. And neither of these will be addressed by investors sidelining real world problems or inciting ambulance chasing. Conflating welcome mass-market improvements, like entry level...

April 3, 2023

NewsESG, Investment, Pension Management

31MarMarch 31, 2023

BlackRock calls on clients to rethink hedging strategy after UK pension crisis

BlackRock's liability-driven investment business is urging some smaller UK pension fund clients to stop splitting assets across multiple managers, as it tries to cut the complexity and risks of a strategy that imploded last year. Asset managers worry new rules to make LDI investing more robust could render the strategy unviable for some schemes, but consultants warn BlackRock's push could repel pension clients who want to minimise concentration risk. LDI, a hedging strategy used by thousands of schemes to ensure their...

March 31, 2023

NewsInvestment, Pension Management

30MarMarch 30, 2023

US. Pension Risk Transfers Spiked in 2022 due to Higher Interest Rates, Report Shows

Rising interest rates drove increased pension risk transfer activity in 2022, as these transactions totaled $52 billion in premiums last year—the highest total in the decade Aon has been tracking the information, according to a recent report. A total of 568 pension risk transfer transactions were made last year, with IBM headlining this activity by completing a $16 billion retiree lift-out in September 2022. This was the second-largest PRT transaction in U.S. history, Aon’s U.S. Risk Transfer report for March...

March 30, 2023

NewsPension Management, Risk, US

April 2023

Global Pension Funds Fall Short of Private Equity Targets in Q1

Nigeria. Pension funds investment in banks reduced to N1.6trn by PFAs

Bank of Korea, pension service seal $35 billion FX swap deal to help ease pressure on won

U.K. pension funds see surplus drop as liabilities grow

US. Does ESG Matter in Public Finance? It Depends

US. NYC pension leaders to seek emissions cut plans from fund managers

$2 Billion Loss at Sweden’s Pension Fund Has Stocks Chief Put on Leave

‘Pensions have done more than most for ESG but it’s time for more action’

March 2023

BlackRock calls on clients to rethink hedging strategy after UK pension crisis

US. Pension Risk Transfers Spiked in 2022 due to Higher Interest Rates, Report Shows