June 2025
11Jun

Energy firm CEO Appointed to Ghana’s National Planning and Pension Boards

Michael Bozumbil, Chief Executive Officer of indigenous energy firm PETROSOL, will represent Ghanaian employers on two critical national institutions following his appointment by the Ghana Employers Association. Bozumbil was sworn in as a Commissioner of the National Development Planning Commission (NDPC) by President John Mahama and simultaneously appointed to the Social Security and National Insurance Trust (SSNIT) Board of Trustees by Finance Minister Cassiel Ato Forson. The PETROSOL leader, who currently serves as First Vice President of the Ghana Employers Association,...

June 11, 2025
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10Jun

Pension funding gains, negative bond returns reshaping LDI landscape for managers

LDI managers are seeing their assets under management dip slightly as long-duration bond returns have lingered in negative territory for years, and fully funded corporate plan sponsors no longer need to add assets to their liability-hedging portfolios or are transferring assets to insurance companies. Liability-driven investing emerged as the key portfolio strategy among U.S. corporate plan sponsors who closed and/or froze their plans in the wake of the funding crisis that emerged following the dot-com recession of the early 2000s....

June 10, 2025
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06Jun

Milliman Pension Buyout Index May 2025

By Jake Pringle & Ryan Cook Estimated competitive retiree buyout cost, as a percentage of accounting liability, decreased by 140 bps from 102.5% to 101.1% during April As the pension risk transfer market continues to grow, it has become increasingly important for plan sponsors to monitor the annuity buyout market when considering a plan termination or de-risking strategy. Figure 1 illustrates retiree buyout costs with two different metrics: The red line represents only the most competitive insurers' rates from each month,...

June 6, 2025
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05Jun

Ghana. Government clears all outstanding arrears owed SSNIT – Ato Forson

The Minister of Finance, Dr Cassiel Ato Forson, has assured the newly-inaugurated Board of Trustees of the Social Security and National Insurance Trust (SSNIT) that the government has fully settled all arrears owed to the pension fund. Speaking at the official inauguration of the board in Accra, Dr Forson reaffirmed the government’s commitment to a robust and sustainable pension system, stressing that all outstanding obligations to SSNIT have been honored. “I want to assure you that the government is current on all...

June 5, 2025
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04Jun

Rising Discount Rates Push Pension Risk Transfer Costs Lower in April

Offloading retiree pension risk to an insurance company became less expensive in April, according to consulting and actuary firm Milliman, which tracks the cost of de–risking pension funds with its Milliman Pension Buyout Index. The firm estimated that in a competitive bidding process, average costs of a pension risk transfer declined to 101.1% of a plan’s accounting liabilities in April from 102.5% in March. At the same time, average annuity purchase costs among all insurers in Milliman’s index decreased to...

June 4, 2025
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May 2025
23May

Sustainability reporting on pension schemes the path forward

In an era marked by growing awareness of environmental, social and governance (ESG) considerations, sustainability reporting has emerged as a crucial aspect for organisations, investors and stakeholders. For pension schemes, particularly, integrating sustainability into their reporting frameworks is more than just a regulatory requirement; it’s an ethical imperative that aligns with the long-term nature of their commitments to retirees and the society. Read the complete book here

May 23, 2025
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23May

Decoding Pension Funds: Sustainability Indicators for Annual Report Analysis

By Leticia Martins Medeiros, Clea Beatriz Macagnan & Rosane Seibert Pension funds' growth highlights the need to emphasize fiduciary duty and investment sustainability, considering the current and future participants' interests (priority stakeholders) and systemic risk reduction (environmental, social, economic, and governance effects). Therefore, this study builds sustainability indicators based on the interests of pension fund stakeholders. The methodology comprised five stages: the first consisted of analyzing Annual Information Reports to create a preliminary list of indicators; the second involved examining...

May 23, 2025
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19May

Nigeria. NAICOM advocates long-term financial planning to enhance retirement security

The National Insurance Commission (NAICOM) has urged individuals to prioritise long-term financial planning and risk management to ensure a stable and secure retirement. Olusegun Omosehin, Commissioner for Insurance (CFI)/Chief Executive Officer, National Insurance Commission (NAICOM), who stated this at the 2025 Inspenonline Retirement Summit in Lagos, underlined the need for proactive retirement savings and investment strategies. Omosehin, who was represented by Julius Odidi, Lagos Director of NAICOM, emphasised that individuals must prioritise long-term financial planning to mitigate challenges associated with inflation,...

May 19, 2025
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16May

Investor Fiduciary Duties in the Crosshairs – Targeting a Mirage

By Susan N. Gary, Keith L. Johnson & Nicholas W. Zuiker The fiduciary duties of institutional investors have become a hot issue amongst policymakers and courts, with the future financial security of millions of American workers and savers at stake. Unfortunately, many recent policy debates and court opinions on investor fiduciary duties demonstrate only a limited understanding of fiduciary duty principles.  A more complete appreciation of the full range of investor fiduciary duties is essential to inform policy and court decisions that...

May 16, 2025
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16May

UK. Mandating large pension scheme investments could risk UK growth gains

Mandating how large pension schemes invest to support UK growth could risk undermining the benefits these schemes already deliver to the UK economy, WPI Economics has suggested. The research suggested that while the UK government is seeking to attract more investment, enforced allocation rules could fail to address broader barriers already identified, such as fiscal incentives, planning system bureaucracy, and the need for a “clear and consistent” industrial strategy. WPI Economics’ report found that large UK pension funds deliver “significant” economic...

May 16, 2025
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