Returns Archives - Page 2 of 4 - Pension Policy International

07JulJuly 7, 2023

World’s Largest Pension Fund Posts Quarterly Gain, Record Assets

Japan’s state pension fund, the world’s largest, posted its strongest quarter in more than two years as gains in global stock and bond markets during the three months through March boosted the value of its assets to a record. The Government Pension Investment Fund added 5.4% during the quarter, raising its total assets to 200.13 trillion yen ($1.39 trillion), the fund said in Tokyo Friday. Foreign equities were the top performers, gaining 8.2% as the US started to overcome a...

July 7, 2023

NewsJapan, Pension Management, Returns

09JunJune 9, 2023

Prepare for a longer period of volatility, pension fund CIOs warn

Investors will need to deal with a volatile investment environment for longer than previously anticipated, pension fund CIOs said in a panel discussion. Speaking at the Pensions and Lifetime Savings Association's annual investment conference in Edinburgh on Tuesday, Wyn Francis, CIO of Brightwell, said markets are "less than helpful" when it comes to the investment outlook right now. "We are more likely to stay in a volatile period for a while," he said. Brightwell manages assets for the £47 billion ($58.5...

June 9, 2023

NewsInvestment, Returns

03AprApril 3, 2023

UK. DB pensions show resilience despite market turbulence

The PwC Buyout Index recorded a surplus of £120bn in March, with the drop in gilt yields driving a reduction of £40bn on the previous month. Meanwhile, the Low Reliance Index also continues to show a sizable surplus of £290bn. This index assumes schemes invest in low-risk, income-generating assets like bonds, meaning they are unlikely to call on the sponsor for further funding. The resilience of pension schemes to short term market shocks is something the Pensions Regulator (TPR) highlighted...

April 3, 2023

NewsDefined Benefit, Returns, UK

24MarMarch 24, 2023

S. Korea’s pension fund posts 8.2% investment loss for 2022

South Korea's National Pension Fund reported a -8.2% investment return for 2022 and a 6.1% drop in assets to 890.5 trillion won ($706.4 billion). Domestic equity in the portfolio accounted for the biggest loss at -22.8%, followed by overseas equity at -12.3%, according to a statement by the Jeonju-based pension fund on March 2. "Domestic and overseas equity portfolios experienced a sharp drop in value due to ongoing market volatility at home and abroad triggered by the prolonged war in Ukraine...

March 24, 2023

NewsInvestment, Returns, South Korea

24FebFebruary 24, 2023

Canada’s CDPQ is slammed by bond rout in worst year since 2008

The historic bond market rout did not spare the Caisse de Depot et Placement du Quebec, causing the pension manager to post its worst results since the global financial crisis. Canada’s second-largest public fund lost 5.6 per cent and saw net assets fall to $402 billion (US$297 billion), down $18 billion from the prior year. Its fixed-income portfolio was shredded by the rapid rise in interest rates, falling almost 15 per cent. The result would have been much worse if not...

February 24, 2023

NewsCanada, Pension Management, Returns

10FebFebruary 10, 2023

Canada Pension Plan Investment Board returns net 1.9% in latest quarter

Canada Pension Plan Investment Board returned a net 1.9% in the third quarter of fiscal 2023 ended Dec. 31, the Toronto-based board announced in a news release Thursday. For the five-year and 10-year periods through Dec. 31, the fund delivered annualized net returns of 8.1% and 10%, respectively. Neither benchmark returns nor returns for individual asset classes are not provided in quarterly returns. CPPIB, which manages the assets of the Canada Pension Plan, also said the pension fund's net assets increased to...

February 10, 2023

NewsCanada, Investment, Returns

07FebFebruary 7, 2023

US. Public pension funds lowered expectations for returns as expenses spiked in fiscal 2022

Public retirement systems saw their expenses rise in fiscal 2022, while many reduced their assumed rates of return, according to an annual study by the National Conference on Public Employee Retirement Systems. In fiscal 2022, the pension systems averaged 64 basis points in administrative costs and investment manager fees, up from 54 points the year before. Systems lowered their assumed rates of returns to an average 6.86%, from 7.07% a year earlier. Among all respondents, 60% said they lowered those rates...

February 7, 2023

NewsPublic Pensions, Returns, US

11JanJanuary 11, 2023

CDC schemes would have ‘weathered’ market turmoil

Aon said market turbulence would not have had an adverse impact on members’ benefits A ‘well-designed’ collective defined contribution (CDC) scheme would have withstood recent market turmoil, according to Aon. In an update to the firm's Collective DC in adverse markets paper, originally published in October 2020, Aon said an efficient CDC scheme would have been able to resist the financial turbulence in the markets throughout 2021 and 2022, without having a negative impact on members' benefits or their retirement outcomes....

January 11, 2023

NewsCDC, Pension design, Returns, Risk, UK

04NovNovember 4, 2022

Kenya. Pension assets fall Sh33bn on bonds, equities hit

Pension industry assets under management shrank by Sh33.4 billion in the six months to June on the back of paper losses on equities and government bond holdings, representing the first half-year decline in retiree assets in 19 years. The Retirement Benefits Authority (RBA) said the contraction in the assets by 2.16 percent to Sh1.514 trillion was due to volatility in the financial markets and the political campaigns ahead of August’s general elections. The value of government bond holdings by the industry...

November 4, 2022

NewsInvestment, Kenya, Pension Management, Returns

01NovNovember 1, 2022

Poor returns show why more pensions knowledge needed, says Denmark’s IPD

Danish industry association IPD said average market-rate pension savings in the Nordic country have fallen 14% so far this year, and such poor performance showed why people need more pensions knowledge. Kent Damsgaard, chief executive officer of Insurance & Pension Denmark (IPD), said: “The crisis and the poor returns in 2022 emphasise why it is so important that Danes know more about their pension schemes.” After many years of good returns, he said, people’s savings as well as their pension payouts...

November 1, 2022

NewsDenmark, Financial Education, Returns

July 2023

World’s Largest Pension Fund Posts Quarterly Gain, Record Assets

June 2023

Prepare for a longer period of volatility, pension fund CIOs warn

April 2023

UK. DB pensions show resilience despite market turbulence

March 2023

S. Korea’s pension fund posts 8.2% investment loss for 2022

February 2023

Canada’s CDPQ is slammed by bond rout in worst year since 2008

Canada Pension Plan Investment Board returns net 1.9% in latest quarter

US. Public pension funds lowered expectations for returns as expenses spiked in fiscal 2022

January 2023

CDC schemes would have ‘weathered’ market turmoil

November 2022

Kenya. Pension assets fall Sh33bn on bonds, equities hit

Poor returns show why more pensions knowledge needed, says Denmark’s IPD