Pension Management Archives - Page 58 of 118 - Pension Policy International

24MarMarch 24, 2023

Pension Administration in Nigeria: Lessons and Reflections

By Opeyemi Naimot Dawodu In every democratic society, from the jurisprudential perspective, there are certain ideals that must be present one of which is social justice. These ideals are aspirations and the nearer a society is to these aspirations, the better the society is. In a country like Nigeria, pension is one of the social objectives in partial fulfillment of the ideals present in Chapter 2 of the 1999 Constitution of Nigeria (as amended 2011) and as such how this...

March 24, 2023

Articles, Pension Management2018, Nigeria, Pension Management, Pension Payout, Pension Reform

24MarMarch 24, 2023

Pensions and the Nordic Welfare Model

By Torben M. Andersen Within the frame of the Nordic welfare model, pension system design has taken very different routes. While the overall aims in terms of distribution and replacement rates are similar, the division of labour between defined benefit and contribution as well as pay-as-you-go versus funded schemes differs significantly. The main characteristics of the pension systems in the Nordic countries are presented, and outcomes relating to pension adequacy in terms of poverty and replacement rates are discussed. Specific...

March 24, 2023

Articles, Pension design2023, Adequacy, Investment, Pension Management, Sustainability

24MarMarch 24, 2023

Hackers breach U.K. Pension Protection Fund, steal employee data

Hackers obtained data on some employees of the U.K.'s Pension Protection Fund after exploiting a third-party data transfer service, according to a fund spokesperson. The Pension Protection Fund manages £39 billion of assets for its 295,000 members, according to its website. The fund protects people with a defined benefit pension when an employer becomes insolvent. By exploiting the Go Anywhere transfer service, intruders compromised some employee data, Jenny Peters, a spokesperson for the fund, said in a statement. The hackers were...

March 24, 2023

NewsPension Management, UK

23MarMarch 23, 2023

Britain says it won’t ditch global accounting rule to unlock pensions cash

Britain on Wednesday played down the possibility of diverging from a globally-set accounting rule which some lawmakers blame for encouraging pension schemes to prefer low risk government bonds over stock markets. City minister Andrew Griffith in February said a global accounting rule needed reviewing as it had become a "performance penalty" which trapped cash in pension schemes which otherwise could be invested in companies and the economy. The so-called IAS 19 rule requires company defined benefit pension schemes to "mark to...

March 23, 2023

NewsPension Management, Regulation, UK

22MarMarch 22, 2023

Sweden’s Biggest Pension Fund Loses $2 Billion in US Bank Crises

Sweden’s largest pension fund, Alecta, is facing losses of almost $2 billion as a result of a failed investment strategy that made it one of the biggest shareholders in two collapsed US banks and another that is embroiled in the ongoing banking crisis. The scale of the losses has become clearer since the private pension group sold all of its First Republic Bank stake at a loss of 7.5 billion kronor ($728 million), according to Chief Executive Officer Magnus Billing....

March 22, 2023

NewsInvestment, Pension Management, Sweden

22MarMarch 22, 2023

U.S. General Accountability Office probing collapse of St. Clare’s pension fund

The U.S. Government Accountability Office, an investigative arm of Congress, is probing the alleged mismanagement of a depleted pension fund that wiped out retirement plans for more than 1,100 former employees of the now-closed St. Clare's Hospital in Schenectady. State Assemblyman Angelo Santabarbara disclosed the federal investigation on Wednesday and said he learned of it this week during a meeting with staff members with the House Committee on Education and Workforce. They had met "to discuss potential federal solutions regarding...

March 22, 2023

NewsInvestment, Pension Management, supervision, US

17MarMarch 17, 2023

Pension Funds and Sustainable Investment: Challenges and Opportunities

By P. Brett Hammond, Raimond Maurer, and Olivia S. Mitchell Pension Funds and Sustainable Investment: Challenges and Opportunities responds to rising global interest in environmental, social, governance (ESG), and impact investing to generate positive impact while generating financial return. Contributors explore the pros and cons of pension ESG investments and discuss case studies from the US and around the world. The findings will interest researchers, management/advisory firms, financial advisors, asset owners, and policymakers Read book here

March 17, 2023

Books, Books, Investment, Pension Management2023, Climate crisis, ESG, Investment, Pension Management

17MarMarch 17, 2023

The Importance of Goals-based (and Values-based) Liability Indices: Applied to Impact and Green Investing

By Arun Muralidhar, Roland van den Brink, Patrick Groenendijk & Ronald van der Wouden Investors are creating portfolios that align with their specific goals and values. We posit that goals and values should be translated into Goals-based Liability Indices (“GLIdes”). GLIdes can be used to achieve goals, benchmark the asset portfolio, and improve governance.They allow Boards to measure progress to their overall (or multiple) goal(s) and also the relative risks of their investment policies and implementation. We first introduce the...

March 17, 2023

Articles, Investing2023, Climate crisis, Pension Management

16MarMarch 16, 2023

US. Ohio public employee pension funds lose more than $30 million in bank collapse

Ohio's public pension systems collectively lost tens of millions of dollars invested in Silicon Valley Bank of California and Signature Bank of New York, two of the largest banks to fail in U.S. history Ohio's State Teachers Retirement System took the biggest hit. Last week, it had SVB shares worth $27.2 million, which represents 0.03% of the fund's total portfolio. It did not own shares of Signature. Last week, Ohio Public Employees Retirement System held shares in SVB worth $3.2 million...

March 16, 2023

NewsInvestment, Pension Management, US

14MarMarch 14, 2023

UK. DB Pension Risk Transfers May Slow Due to Lack of Liquidity

High interest rates have made it a good time for some defined benefit plan sponsors to transfer pension risk, but a liquidity pinch may be delaying or altogether shutting off the window, according to experts who spoke at PLANADVISER’s virtual DB Summit last week. The interest rate hikes, which the Federal Reserve started about a year ago to try and tame inflation, have brought present liability down for many plans, said Gloria Griesinger, assistant treasurer for global pension investments and...

March 14, 2023

NewsPension Management, Risk, UK

March 2023