Pension Management Archives - Page 58 of 112 - Pension Policy International

22DecDecember 22, 2022

Ghana. Conduct stress test on pension funds -Think tank to government

The government has been urged to conduct a comprehensive stress test on the decision to include pension funds in the proposed domestic debt exchange programme (DEP). The test should be conducted by the Ministry of Finance (MoF), in collaboration with all stakeholders and debtors, as part of best practices required to reveal the possible implications of including pension funds in the programme. Contributing to the debate on the proposed involvement of pension funds in the DEP, the Executive Director, Africa Centre...

December 22, 2022

NewsGhana, Pension Management

20DecDecember 20, 2022

Declining US Natural Interest Rate: Quantifying and Qualifying the Role of Pensions

By: Jacopo Bonchi & Giacomo Caracciolo We develop a life-cycle model and calibrate it to the US economy to quantify and qualify the role of the public pension system for the past and future trend of the natural interest rate, the so-called r∗. Between 1970 and 2015, past pension reforms mitigated the secular decline in r∗, raising it by around 1%, mainly through the positive effect of a higher replacement rate. As regards the future, we simulate the demographic trends, expected...

December 20, 2022

Articles, System Characterization2022, Pension Management, Public Pensions, US

20DecDecember 20, 2022

Ghana labour unions call for strike over local debt swap

Ghana's main unions on Monday called for a nationwide strike from next week in protest against the inclusion of workers' pensions in a local debt swap programme as part of the terms for an IMF credit. A top cocoa and gold producer, Ghana has oil and gas reserves but its debt payments are high and its revenues weak. Like the rest of Africa, it has been hit by economic fallout from the global pandemic and the Ukraine war. Two weeks ago, the...

December 20, 2022

NewsGhana, Pension Management, savings

08DecDecember 8, 2022

Can Investors Save the Planet? – NZAMI and Fiduciary Duty

By Tom Gosling & Iain MacNeil Asset manager signatories of the Net Zero Asset Manager Initiative, part of the Glasgow Financial Alliance for Net Zero, have committed to investing in line with the Race to Zero goal of limiting global warming to 1.5oC with limited or no overshoot. Given that a recent report from United Nations Environment Programme says that there is “no credible pathway” in place to 1.5oC, we explore the implications for asset managers, as fiduciaries, of investing...

December 8, 2022

Articles, Investment, System Sustainability2022, ESG, Pension Management

07DecDecember 7, 2022

Global pensions with $3 trln on books fear stagflation –survey

Global public pension schemes and sovereign wealth funds managing more than $3 trillion in assets fear a combination of economic slowdown and higher inflation in the next 12-24 months, a survey showed on Tuesday. The investors face huge challenges in switching their portfolios to cope, according to think tank OMFIF, which carried out the survey of 19 funds across Europe, North America, the Middle East, Asia Pacific and Latin America. Read also Europe needs to step up on ‘global clean tech...

December 7, 2022

NewsPension Management

07DecDecember 7, 2022

Shelter Afrique target East African bourses, pension funds in USD 500mn housing bond

Speaking in Nairobi, Shelter Afrique's Ag. Managing Director Kingsley Muwowo disclosed that the Company was considering issuing local currency Medium Term Notes in Kenya, Uganda, Tanzania, and Rwanda. "Already, we have opened negotiations with Kenya's Capital Market Authority on the possibility of Shelter Afrique issuing another housing bond to support local housing projects and we plan to do the same with capital market authorities in Rwanda, Uganda and Tanzania. We want to approach it as an East Africa issue- meaning...

December 7, 2022

NewsNigeria, Pension Management

02DecDecember 2, 2022

Sustainable change needs to happen from the inside out. Here’s why that needs investment

Today, the number of impact-driven startups and scale-ups with noble intentions of improving the planet are plentiful, as are their ideas for clean alternatives to dirty technologies and innovations. But unfortunately, many of these ideas are simply reinventing what already exists, whether it be a product, supply chain or distribution system. Moreover, many are trying to reinvent all those things in parallel. These attempts sometimes fail to consider what competitors are already doing out there and don't take a holistic...

December 2, 2022

NewsClimate crisis, ESG, Investment, Pension Management

01DecDecember 1, 2022

Maintaining reform momentum is essential to strengthen pension systems, says OECD

The current financial and economic uncertainty, as well as the rising cost of living, may lead policy makers, regulators and supervisors to postpone reforms that could improve their pensions systems. However, delaying needed reforms would put at risk the well-being of current and future pensioners. Policy makers should continue to improve pension systems, according to a new OECD report. The OECD Pensions Outlook 2022 says that pension arrangements in which retirement savings are invested to accumulate assets that will finance...

December 1, 2022

NewsPension Management, Pension Reform, Regulation, System sustainability

01DecDecember 1, 2022

US. Corporate pension buyouts reach $26 billion in Q3 — LIMRA survey

U.S. corporate pension plan buyout sales totaled $26.1 billion in the quarter ended Sept. 30, the highest volume for a third quarter, a LIMRA survey found. It also brings the year-to-date volume of buyout sales to $41 billion, breaking the previous annual record of $36 billion in 2012 in just the first three quarters of the year. LIMRA projects the total volume for 2022 will exceed $50 billion. The third quarter was highlighted by the second-largest U.S. pension buyout transaction in...

December 1, 2022

NewsLongevity, Pension Management, Risk, US

01DecDecember 1, 2022

Canada Pension Plan funds war and climate change

The Canada Pension Plan (CPP) manages $539 billion on behalf of over 21 million working and retired Canadians, making it the seventh largest pension plan in the world. The CPP Investment Board (CPPIB) however is accountable first and foremost to the federal and provincial governments, not the contributors and beneficiaries. A webinar “What is the CPPIB Really Up To?” was hosted earlier this year by the Canadian Foreign Policy Institute, Just Peace Advocates, World BEYOND War and several other organizations....

December 1, 2022

NewsCanada, Corporate Governance, Investment, Pension Management

December 2022