April 2022
01Apr

EEUU. Muy pocas mujeres creen estar ahorrando lo suficiente para su retiro. Así pueden ponerse al día

Los dos años transcurridos desde que la pandemia provocó un cierre generalizado en Estados Unidos han afectado especialmente a las mujeres. Ahora, la brecha de sus ahorros para la jubilación con los de sus pares masculinos se ha ampliado aún más. Sólo el 19% de las mujeres confía en estar en camino de jubilarse sin el temor a quedarse sin dinero mientras hacen este ahorro. Esto es en comparación con el 35% de los hombres, según la encuesta de la compañía...

April 1, 2022
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US. Saving for retirement is the top financial priority for just 17% of adults, survey shows
01Apr

US. Saving for retirement is the top financial priority for just 17% of adults, survey shows

Saving for retirement appears to be taking a backseat to other financial considerations for many Americans right now. Just 17% have made saving for their post-working years their top financial priority for 2022, according to First National Bank of Omaha’s latest financial wellness survey. This is despite 59% of respondents worrying that they won’t be able to retire by age 65. Additionally, 46% of those surveyed said they have less than $15,000 saved for retirement. The survey was conducted in February...

April 1, 2022
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March 2022

U.S. funds remain vigilant over exposure to Russian securities
31Mar

U.S. funds remain vigilant over exposure to Russian securities

U.S. pension funds large and small are monitoring their portfolios for exposure to Russian securities and are asking their money managers to divest those investments as Russia continues to wage war in Ukraine. Members of the investment staff of the $41 billion defined benefit plan of Indiana Public Retirement System, Indianapolis, have been "actively monitoring and managing its Russian-related investments leading into and throughout the invasion into Ukraine," a statement from the fund said. Indiana Gov. Eric J. Holcomb issued an...

March 31, 2022
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30Mar

US. House passes SECURE 2.0 bill

The House on Tuesday overwhelmingly passed a bipartisan retirement security bill in a 414-5 vote. Read also US. SEC takes ‘monumental’ step on climate disclosure The Securing a Strong Retirement Act of 2022, introduced by Ways and Means Committee Chairman Richard Neal, D-Mass., and ranking member Kevin Brady, R-Texas, builds on the Setting Every Community Up for Retirement Enhancement Act, known as the SECURE Act, which Congress passed and was signed into law in late 2019. Read also US. Saving for retirement...

March 30, 2022
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US. SEC takes ‘monumental' step on climate disclosure
29Mar

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
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28Mar

US. Russia blocks NY pension systems from dumping $300M in Moscow stocks

New York’s pension systems want to dump nearly $300 million invested in the Moscow stock market, but can’t because Russia has blocked foreigners from selling shares. Since Russia began its invasion and brutal attacks on Ukraine, the trustees of all five NYC employee pension systems have voted to divest from $185.9 million in Russian companies and securities. “A vicious and unjust war continues to be waged on Ukraine, driving deaths, destruction and displacement of civilians. New Yorkers remain steadfast in solidarity...

March 28, 2022
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28Mar

Ghana. SSNIT to expand coverage to cover more informal sector workers

Director-General of Social Security and National Insurance Trust (SSNIT), Dr. John Ofori-Tenkorang, has said it's outfit is working to expand coverage of the scheme to cover all workers in the informal sector. According to him, SSNIT has introduced an informal sector pension fund to provide social protection to workers in the informal sector to secure their irregular incomes. Read also Ireland. State to pay €1 for every €3 a worker puts into new auto-enrolment pension scheme Director-General of Social Security and National...

March 28, 2022
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28Mar

US. Kansas Employee Pension System Halts Russia Investments

Trustees who oversee the Kansas Public Employee Retirement System voted Friday to halt future investments in Russian assets amid the country's invasion of Ukraine. While some board members initially pushed for a full divestment, others said they would rather focus on the future and noted the fund’s current holdings in the country have been largely liquidated anyway, the Topeka Capital-Journal reported. Kansas has $36 million invested in Russian equities, as of Feb. 25. That accounts for about 0.14% of the pension...

March 28, 2022
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Sustainable Investment & Asset Management: From Resistance to Retooling
25Mar

Sustainable Investment & Asset Management: From Resistance to Retooling

By Virginia E. Harper Ho Globally, market demand is rising for investment products and practices that take “environmental, social, and governance” (ESG) factors into account, challenging asset managers and capital markets to adapt in new ways. This chapter outlines why sustainability issues are increasingly relevant to mainstream asset owners and asset managers. It then explores the evolving regulatory landscape for sustainable investment in the U.S., focusing on the degree to which it supports or facilitates ESG integration into investment management...

March 25, 2022
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US. Milliman analysis: Competitive pension risk transfer buyout rate hits all-time low in February, at 98.9%
25Mar

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
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