December 2020

01Dec

Nigeria. The pros and cons of Pension Fund Administrator transfer

After my first article on the best pension fund managers in Nigeria, a few people have commented differently on the article. In response to the comments, I have decided to do another article on the pros and cons of Pension Fund Administrator (PFA) transfer. Here are some of the advantages Better Performance The major reason for any investment is to make gains. Most investment gains are measured with investment performance. When a fund manager performs poorly relative...

December 1, 2020
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November 2020

30Nov

COVID-19: How do pension systems fare?

Saving for retirement is the primary investment objective for most individuals. Yet the ability to meet this objective depends not only on the investments made, but on the system on which retirement income provision rests. Put simply, how well a pension system is designed, including the level of benefits it provides, its sustainability, and its governance, has a critical bearing on the ability to meet one’s retirement goals. Pension funds, as some of the biggest institutional investors in financial...

November 30, 2020
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25Nov

US. Effect of the Biden Administration on Health and Retirement Benefits

What president- elect Joe Biden´s administration will be able to get done regarding health care and retirement policy will depend much on the political tone in Congress. Control of the Senate is hinging on two Georgia runoff elections in January, notes Geoff Manville, partner and government relations leader in Mercer’s Law and Policy Group. He says most observers believe Democrats will lose one of those races, which would give Republicans Senate control. “That would make it all but impossible...

November 25, 2020
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24Nov

Sweden’s Kåpan ups green bond weighting, expands fossils strategy

Swedish government employees’ pension fund Kåpan Pensioner announced a series of environmental, social and governance (ESG) initiatives it has taken so far this year to up its game in sustainable investment, and said it plans to extend the scope of its fossil-fuel strategy. The SEK100bn (€9.8bn) fund also said it was increasing its mandate for green bonds, with its holdings of the environmental debt having grown in 2020, and had taken action to cut sustainability risk in its global...

November 24, 2020
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24Nov

Canada. TTC pension plan focusing on liquidity amid coronavirus pandemic

The Toronto Transit Commission Pension Fund Society has been reminded of the importance of liquidity during the coronavirus pandemic, according to Sean Hewitt, the fund’s chief executive officer, during a virtual roundtable hosted by the Canadian Pension and Benefits Institute on Thursday. “COVID-19 was a really interesting test study in liquidity,” he said, noting the TTC plan conducts a liquidity budget test annually to ensure it’s able to pay pensioners under dire circumstances. The previous test case was the...

November 24, 2020
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19Nov

Nigeria. Retirees protest unpaid pensions

Pensioners in southwestern Nigeria stormed a government building Wednesday, protesting a lack of payments, local media reported. Angry protestors raised placards, in front of the Government Secretariat in the town of Abeere, adjacent to Osogbo, the capital of Osun state, according to local news website The Punch. The report did not elaborate on the reason for the state administration's alleged failure to pay pensions Nigeria, an oil-rich nation that has one of Africa's highest populations, has been suffering...

November 19, 2020
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18Nov

South Africa. GEPF asset market value declines by 11.4% – annual report

Ryk Van Niekerk: The Government Employees Pension Fund, or GEPF, released its annual report yesterday, November 16, 2020. It was for their financial year to the end of March this year. Now the GEPF is a defined-benefit fund, which manages pensions and related benefits on behalf of government employees in South Africa. It was established in 1996, and is the largest pension fund in South Africa and one of the largest in the world. The fund’s asset value stood...

November 18, 2020
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13Nov

Nigeria. NSE Fixed Income Market capitalization hits N17 trillion

Despite the impact of the pandemic on businesses and incomes, the market capitalization of fixed income securities appreciated to over N17 trillion as at October 2020. This was revealed by the Divisional Head, Listing Business at the Nigerian Stock Exchange Market, Mr. Olumide Bolumole, in a webinar hosted by the Exchange in collaboration with Oduá Chambers of Commerce and Industry on Wednesday 11 November, 2020. Despite the impact of the pandemic on businesses and incomes, the market capitalization...

November 13, 2020
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11Nov

Japan’s Government Pension Investment Fund Returns 3.05% in Q2

Japan’s Government Pension Investment Fund (GPIF) posted an investment return of 3.05% gross of fees during the second quarter of fiscal year 2020 to raise the asset value of the world’s largest pension fund to 167.536 trillion yen, or $1.62 trillion. The fund is now $440 billion larger than the world’s second largest pension fund, Norway’s Government Pension Fund Global (GPFG), which currently has an asset value of roughly $1.18 trillion. To put that in perspective, the gap between...

November 11, 2020
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10Nov

United Kingdom (UK) Post – Retirement Pensions Market 2020

By Research and Markets This report explores trends in the way individuals fund their lifestyle in retirement. It examines pension decumulation and provides details on the way pension plans are accessed for the first time, exploring differences by pension pot size. Current and historical data on the size of common retirement income products is provided. The report also discusses to what extent individuals are confident that their lifetime investments will last through retirement. In addition, it explores consumers’ attitudes and...

November 10, 2020
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