August 2022
10Aug

These 7 African countries have recorded highest pension fund asset growth

A recent report by the Organisation for Economic Co-operation and Development (OECD) has shown that global pension fund assets grew by over 10% to $38.5 trillion in 2021. The report focused specifically on pension fund assets in 68 countries or reporting jurisdictions, consisting of 38 OECD countries and 30 non-OECD countries in Eastern Europe, Asia and Africa. The report said in parts: "Overall, pension fund assets amounted to USD 38.5 trillion in a total of 68 reporting jurisdictions at end-2021. Most...

August 10, 2022
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09Aug

Dutch pension fund APG completes $600 million MaxCap agreement

Dutch pension fund APG has completed the $600 million mandate with non-bank lender MaxCap Group it agreed to three years ago and given itself the option to double that exposure to $1.2 billion, tapping the growing demand for funding at a time when banks are holding back. The asset manager has exercised the option it took out in 2019 to invest a second tranche of $300 million for first-mortgage loans across all real estate asset classes with MaxCap, which last year sold a...

August 9, 2022
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08Aug

Nigerian Pension Fund Administrators pay N49.5 billion taxes in 3 years

Pension Fund Administrators (PFA) in Nigeria incurred a sum of N18.85 billion as income tax in 2021, a 15.6% increase compared to N16.31 billion spent in the previous year, and 31.4% increase when compared to N14.35 billion incurred in 2019. This brings the total tax expenses in the past three years to N49.5 billion, according to a report by the National Pensions Commission (PenCom). The report seen by Nairalytics- the research arm of Nairametrics, shows that Stanbic IBTC, ARM Pension,...

August 8, 2022
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05Aug

Pensions, Crypto, And Trust: Digital Assets And Retirement Funds

Retirement planning is the primary objective of retail investors. Indeed, 47% of respondents in the 2022 CFA Institute Investor Trust Study indicated saving for retirement was their most important investment goal. Yet the conventional pathway to retirement savings - the traditional stock and bond portfolio - is not as effective as it used to be. Weaker diversification, declining real returns, and rising inflation all present major challenges to both defined benefit and defined contribution (DC) pension funds. As funds struggle...

August 5, 2022
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04Aug

Coca-Cola Consolidated to terminate primary U.S. pension plan

Coca-Cola Consolidated Inc., Charlotte, N.C., plans to terminate its primary U.S. pension plan. The consolidated bottling company said it began the process of terminating the plan during the first half of 2022, according to its 10-Q filing with the SEC on Tuesday. Read also CF Industries offloads $375 million in U.S. pension liabilities In the filing, the company said it plans to offer a lump sum to "certain plan participants" before completing the purchase of a group annuity contract from an insurance...

August 4, 2022
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04Aug

Kenya. Risk-averse pension schemes bag higher returns

Pension funds that eschew risk are reaping the benefits of their conservative approach to investments, outperforming their more aggressive peers whose returns are being dented by bigger exposure to underperforming equities and offshore assets. Conservative schemes, which on average allocate over 80 percent of their assets under management to risk-free, stable yielding government securities, recorded a return of 2.9 percent in the year to June 2022, industry analysis done by fund administrator Zamara shows. Schemes with a moderate approach to investment,...

August 4, 2022
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04Aug

Sensitive data of Indian pension fund holders exposed online

A huge cache of data containing the full name, bank account number and nominee information of pension fund holders in India has surfaced online. Security researcher Bob Diachenko found two separate IP addresses storing more than 288 million records — with some 280 million records available under one IP address and about 8.4 million a part of the second IP address. Both IP addresses were publicly exposing the data to the internet but were not protected by passwords, the researcher...

August 4, 2022
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02Aug

Canada’s CPPIB turns attention to stocks in hunt for value

Canada's $421 billion state pension fund has shifted its attention toward public equities from private deals after a sell-off in the first half boosted valuations, according to its top executive. Canada Pension Plan Investment Board is one of the world's largest institutional investors in private equity, with more than $100 billion invested directly in private companies and through funds. But in recent months, "we've been active in the public equity space, even in places like infrastructure and real estate," CEO...

August 2, 2022
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July 2022
28Jul

South Korea pension fund says it is not driving won down

South Korea's national pension service, manageing the world's third-largest pension fund, said on Thursday its rising overseas investment was not a main driver of the won's recent weakening. "The fund is applying a strategic FX hedging strategy when the foreign exchange rate stands above a certain level," the National Pension Service said in a statement while responding to local media reports blaming it for the won's fall. Read more @Channel News Asia 391 views

July 28, 2022
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26Jul

US. Milliman: Pension risk transfer premiums increase slightly in June

Estimated average pension risk transfer premiums rose slightly in June, but the average rate among the most competitive bidding processes fell by 30 basis points, a study by Milliman showed. The estimated buyout cost as a percentage of accounting liabilities, or accumulated benefit obligations, was 103% as of June 30, up from 102.5% as of May 1, according to the Milliman Pension Buyout index. However, the average of the most competitive annuity purchase rates fell by 30 basis points to 98.3%...

July 26, 2022
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