Pension Management Archives - Page 68 of 109 - Pension Policy International

30MarMarch 30, 2022

Private Equity’s Opaque Costs Mystify the Pensions That Pay Them

On top of management fees, investors pay for a variety of funds’ business expenses, from travel to research to “other.” The stewards of billions of dollars in retiree savings are struggling to account for fees charged by one of the wealthiest industries on Wall Street. Investors who put money into a private equity fund expect to pay a management fee as well as a share of their profits to the firm running the fund. But on top of those costs are...

March 30, 2022

News2022, Investment, Pension Management

29MarMarch 29, 2022

AIG shifting $150 billion to BlackRock

American International Group hired BlackRock to manage up to $60 billion of its general account and up to $90 billion in its life and retirement investment portfolio, the insurance company announced on Monday. BlackRock will manage "certain liquid fixed income and private placement assets" and also will provide AIG with investment technology for both portfolios via Aladdin, the money manager's risk-management system, the insurer said in a news release. AIG said in the release that the shift of assets to BlackRock...

March 29, 2022

News2022, Investment, Pension Management, Risk

29MarMarch 29, 2022

US. SEC takes ‘monumental’ step on climate disclosure

More than a year in the works, the Securities and Exchange Commission unveiled its much-anticipated climate disclosure rule proposal this month, with major implications for the investor and business communities. "It's a monumental rule-making initiative," said Erin E. Martin, a Washington-based partner with law firm Morgan, Lewis & Bockius LLP who previously worked in the SEC's division of corporation finance. "This has been a long time coming, it's been highly anticipated by the public, it's an area that's of interest...

March 29, 2022

News2022, Climate crisis, Pension Management, Regulation, US

25MarMarch 25, 2022

High Pay Centre briefing: Pension saver views on the social and environmental impact of investments

By Andrew Speke & Luke Hildyard Pension savings make up a significant and growing proportion of individual wealth in the UK. The latest government figures from 2018 show that £2.6 trillion is invested in UK pensions, up from £2.3 trillion in 2015.(1) Pension savings are also one of the most commonly held forms of wealth in the UK. The percentage of adults below the State Pension age actively contributing to a private pension has increased, from 43% in 2012, to 53%...

March 25, 2022

Books, Savings2022, ESG, Investment, Pension design, Pension Management

25MarMarch 25, 2022

US. Milliman analysis: Competitive pension risk transfer buyout rate hits all-time low in February, at 98.9%

Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI). As the Pension Risk Transfer (PRT) market continues to grow, it has become increasingly important to monitor the annuity market for plan sponsors that are considering transferring retiree pension obligations to an insurer. During February, the estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process decreased from 99.9% of a plan's total liabilities...

March 25, 2022

News, Slider2022, Pension Management, Risk, US

25MarMarch 25, 2022

UK. Investment approach is increasingly key to pension endgames

Aon has said that with 2022 promising to be another active year in the UK pension risk settlement market, an increasing number of schemes are focusing on their investment approach in the bid to be ‘settlement ready’. Aon’s recently released Global Pension Risk Survey 2021/22 showed that more UK defined benefit (DB) pension schemes are now opting for buyout as their long-term target rather than just self-sufficiency. To prepare for that, schemes are ever more aware that they need to...

March 25, 2022

News, Slider2022, Investment, Pension Management, UK

18MarMarch 18, 2022

A Sustainable, Variable Lifetime Retirement Income Solution for the Chilean Pension System

By Olga Fuentes, Richard K. Fullmer & Manuel Enrique Garcia Huitron There is a need in pension systems to significantly improve the level and stability of pension payments as pensioners age. Solutions to address increased longevity and longevity risk should be not limited to increasing the take-up rate of annuities – explicit guarantees are costly in a low-interest rate environment, and lock-in of savings may not be in line with members' preferences. Our proposal is to develop a Sustainable, Variable...

March 18, 2022

Articles, Pension design2022, Chile, Pension Management, Risk, Withdrawals

17MarMarch 17, 2022

US. G.O.P. Senate Hopeful Faces Scrutiny Over Handling of Teacher Pensions

Before he entered Pennsylvania’s Senate race, David McCormick oversaw a giant hedge fund that invested billions of dollars for the retirement plans of the state’s teachers. But Mr. McCormick’s company, Bridgewater Associates, delivered such middling profits and charged such high fees that the Pennsylvania teachers’ retirement fund moved to sell off its Bridgewater holdings beginning two years ago. Overall, Bridgewater’s performance was a contributing factor in nearly a decade of poor returns for the retirement fund, trustees of the fund said...

March 17, 2022

News, Slider2022, Pension Management, US

14MarMarch 14, 2022

Global Pension Asset Values Grow to Record $56 Trillion in 2021

Total pension fund assets in the 22 largest global markets rose to a record $56.6 trillion as of the end of 2021, up from $52.9 trillion the previous year, according to new research from WTW’s Thinking Ahead Institute. The 2022 “Global Pension Assets Study” estimates that the $56.6 trillion in pension assets accounts for 76% of the gross domestic products of the 22 economies, which consist of 21 countries and Hong Kong. It also said total pension assets have nearly...

March 14, 2022

News, Slider2022, Pension Management, savings

11MarMarch 11, 2022

UK. Pension schemes still playing ‘catch-up’ on ESG despite increased awareness

Just 10 per cent of pension schemes have a standalone policy on environmental, social and governance (ESG) issues, research from Mercer has revealed, prompting concerns that pension schemes are playing 'catch-up' on improving ESG outcomes. The analysis, which utilised data from Mercer’s Responsible Investment Total Evaluation (Rite) analysis of more than 650 UK occupational pension schemes, also revealed that only 6 per cent of schemes have a standalone policy related specifically to climate change. And whilst stewardship was carried out for...

March 11, 2022

News, Slider2022, Corporate Governance, ESG, Pension Management, UK

March 2022