Pension Management Archives - Page 66 of 112 - Pension Policy International

12AugAugust 12, 2022

Canada. CPPIB returns -4.2% in quarter on equity market losses

Canada Pension Plan Investment Board, Toronto, returned a net -4.2% for the quarter ended June 30, the first quarter of its 2023 fiscal year, said a news release Thursday. CPPIB, which manages the assets of the Canada Pension Plan, said the pension fund's net assets totaled C$523 billion ($406.1 billion) as of June 30, down 3% from C$539 billion three months earlier. The C$16 billion quarterly decrease in net assets consisted of a net investment loss of C$23 billion and C$7...

August 12, 2022

News2022, Canada, Investment, Pension Management

12AugAugust 12, 2022

Canada Pension Plan discloses billions in investments

Canada Pension Plan Investment Board, Toronto, reported a large number of investments and commitments it made in the first and second quarters of fiscal 2023, according to news release Thursday issued along with its results for its first fiscal quarter that ended June 30. CPP Investments, which manages the assets of the C$523 billion ($406.1 billion) Canada Pension Plan, said in the fiscal first quarter it closed a C$230 million investment in the term loans of Legal Search, a provider...

August 12, 2022

News2022, Canada, Investment, Pension Management

10AugAugust 10, 2022

US. Tough markets hit active asset managers striving for turnarounds

Some active managers have none of the luck. They shook up senior teams, swapped out their bosses and merged to build scale. But their efforts to overcome the yearslong erosion of assets and profit as investors shift from actively managed funds into cheaper, index-tracking products just took another blow. The latest round of earnings reports offer a bruising read. Rising inflation, Vladimir Putin's war in Ukraine and fears of a looming recession have dented investment performance, prompting investors to yank yet...

August 10, 2022

News2022, Investment, Pension Management

10AugAugust 10, 2022

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

News2022, Africa, Pension Management, System Characterization

09AugAugust 9, 2022

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

News2022, Investment, Netherlands, Pension Management

08AugAugust 8, 2022

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

News2022, Pension Management

05AugAugust 5, 2022

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

News2022, Cryptocurrency, Investment, Pension Management

04AugAugust 4, 2022

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

News2022, Occupational Pensions, Pension Management, US

04AugAugust 4, 2022

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

News2022, Investment, Kenya, Pension Management

04AugAugust 4, 2022

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

News2022, India, Pension Management, supervision

August 2022