The council has urged borough residents to check if they are eligible for top-up pension payments as millions of pounds go unclaimed. Figures revealed that around 36,000 eligible households in Greater Manchester are missing around £70million in unclaimed pension credit. They could also miss additional cost-of-living payments that the governmentRead More →
South Africa is about to introduce a “two pot” system for pensions. The new approach aims to give you access to your retirement savings in an emergency, while preventing people from quitting get their hands on their pension money. The two-pot system could be in place in 2023, but don’tRead More →
Asian pension fund investors continue to further diversify their assets outside the region, according to Mercer’s 2022 Asset Allocation Insights report, which summarizes the decisions pension fund investors make with their investment strategies in each region . Source: Mercer Asset Allocation Outlook 2022 “In our view, this trend is oneRead More →
Seniors have until Thursday August 18 to apply for a pension credit in order to be eligible for government cost of living payments. Age UK Northumberland is urging all older people struggling to make ends meet and not yet receiving pension credit to apply without delay. Amy Whyte, chief executiveRead More →
The author is a finance and economics commentator and former global head of asset allocation at Columbia Threadneedle Investments The £1.5billion number is significant – at least in a UK context. It accounts for 40% of the UK institutional asset management market, two-thirds of gross domestic product and around theRead More →
Companies hit hard by the epidemic have resorted to early retirement incentives to decrease staff. If your workplace offers a defined benefit pension plan, you may be able to choose between a monthly pension or a lump sum payout of about the same amount. Employers urge employees receive lump-sum paymentsRead More →
According to research by Morningstar Indexes, pension funds and other asset owners in North America and Europe are adopting sustainable investment practices for their portfolios. According to the “Voice of the Asset Owner” survey, based on 14 interviews with asset owners, pension funds viewed ESG investing as central to investing.Read More →
Pension Credit claims more than doubled during the Department for Work and Pensions (DWP) recent Pension Credit Day of Action, with more than 10,000 claims filed during the week of June 13, which represents a 275% year-on-year increase. The DWP’s campaign included a social media video with Strictly Come Dancing’sRead More →
More than 10,000 pension credit claims were filed in the week of June 13, a 275% increase from the same week in 2021. The double step in the right direction was helped by Strictly Come Dancing’s Len Goodman, who teamed up with Pensions Minister Guy Opperman to help spread theRead More →
European pension funds are required to declare their investments in nuclear energy and natural gas as sustainable according to the EU sustainable taxonomy, which means additional reporting work for pension funds. Previous critics of the European Commission’s proposal, including the Netherlands’ Pensioenfederatie, are disappointed with the decision. On Wednesday, 278Read More →
Under the new plans, the BBC will be able to automatically check whether someone applying for a free TV license has a pension credit. This means that, in most cases, the 7,000 people who apply for a free TV Licensing license each month can apply online or by phone, withoutRead More →
On 23 June 2022, the interinstitutional agreement “Regulations for the creation of savings and/or pension funds established by the tax consultation law and its reforms” entered into force. By this regulation, the creation of the Savings and/or Pension Funds Commission was agreed, formed by the Ministry of Finance and PublicRead More →
People on Jobseeker’s Allowance (JSA), Employment and Support Allowance (ESA) and Pension Credit will be among the first to receive the £650 cost of living payment of the government. It will likely be a lifeline for thousands of families struggling to keep up with rising bills. Five groups of peopleRead More →
Older people on low incomes will find it easier and faster to apply for their free TV license under the UK Government’s new plans. Reforms tabled in Parliament on Thursday would mean that over-75s on pension credit would no longer have to fill in paperwork when applying for or renewingRead More →
The reforms presented to Parliament today will make it easier and faster for pensioners on low incomes to apply for or renew their free-to-air TV license. The legal change will reduce the administrative burden on qualified persons over the age of 75 applying for a free licence. Currently, those affectedRead More →
Nigerian pension fund administrators (PFAs) increased their investments in the local stock market as investments hit the trillion naira mark, rising by 8.73 billion naira from the 999 billion naira recorded in the month previous. Year-to-date, pension manager investment in the local stock exchange has increased by N92.43 billion fromRead More →
Corporate pension funds in Japan struggle to identify best allocation strategies as reverberations of global disruptive events ripple through emerging markets in Asia, top pension funds say . As China’s economy is tested by the shutdowns and general repercussions of the Covid-19 pandemic, as well as regulatory interventions that haveRead More →
According to Aeon Investments, more than two-fifths (43%) of pension funds and other institutional investors expect the performance of fixed income securities to deteriorate further over the next 12 months, with 13% expecting a significant drop. The research comes after global bond markets suffered “significant losses” in recent months. MoreRead More →
The DWP has urged people to apply for a pension credit as thousands seem to be running out of money that could really help improve their lives. According to the Center for Aging Better’s annual report on aging, more than two million retirees live in poverty. So Pension Credit, aRead More →
Australian pension funds Mercy Super and HESTA have agreed to merge via a successor fund transfer, the latest deal in an ongoing wave of consolidation among superannuation funds across the country. The funds are currently carrying out due diligence and aim to complete the merger before the end of theRead More →
Currently, more than 1.4 million pensioners in Britain receive pension credit. However, many are still not claiming this extra financial help which can be worth upwards of £3,300 a year. It comes as the Department for Work and Pensions (DWP) today held its second annual Day of Action on theRead More →
The online calculator can help claimants determine how much they could claim for the benefit Register to our Money Savers newsletter Here’s everything you need to know about Pension Credit – who’s eligible, how to apply and how much you could get. What is Pension Credit? Pension Credit is aRead More →
Many retirees are turning to the state pension, but there could be other supports that could make a real difference. Today is Pension Credit Day of Action, with the Department for Work and Pensions (DWP) using the day to boost the use of Pension Credit. The benefit aims to boostRead More →
MARTIN Lewis has urged a million people to do a simple check to see if they are missing £3,300 a year. Retirees could be deprived of assistance if they do not apply for a pension credit. 1 Martin Lewis has warned a million people to check if they are missingRead More →
Money-saving expert Martin Lewis explained the main benefits of pension credit and how Britons could get support. It comes as the Department for Work and Pensions (DWP) celebrates Pension Credit Action Day. It is part of a new advertising campaign aimed at encouraging increased take-up of the benefit among pensioners.Read More →
Around 850,000 households are thought to be without the life support of the Pension Credit, at a time when the cost of living crisis is hitting those on low or fixed incomes particularly hard. While more than 1.4 million pensioners benefit from the Pension Credit, many do not claim thisRead More →
“PIMCO – given its fiduciary duty to its customers – has engaged with the US Treasury to express some of the key consequences of Russia’s default,” a spokesperson for the Newport Beach-based company said in a statement. California, in a statement. Russia has argued that it has met all ofRead More →
“PIMCO – given its fiduciary duty to its customers – has engaged with the US Treasury to express some of the key consequences of Russia’s default,” a spokesperson for the Newport Beach-based company said in a statement. California, in a statement. Russia has argued that it has met all ofRead More →
TOKYO (Reuters) – Toyota Motor Corp heads to its annual general meeting on Wednesday under fire from criticism from New York City and Danish pension funds for its commitment to battery-powered vehicles and lobbying on climate policy. Once a darling of environmentalists for the Prius hybrid model it popularized moreRead More →
The campaign aims to prevent companies from using dual-class share structures that concentrate voting power in the hands of some shareholders at the expense of others. Launched by UK railways’ Railpen pension scheme and the not-for-profit Council of Institutional Investors. Other funders include the New York City Comptroller’s Office andRead More →
Department for Work and Pensions (DWP) benefit claimants were underpaid by around £2.6billion in the 2021/22 financial year, according to new reports. Additionally, others claiming benefits from the UK government department have been overpaid by an estimated £8.6billion collectively. As The Mirror reports, it is the result of mistakes madeRead More →
Grayscale CEO Michael Sonnenshein said more and more pension fund firms are looking to add crypto to their clients’ portfolios. Speaking to CNBC, Grayscale CEO Michael Sonnenshein said there is still interest in including cryptocurrencies in people’s retirement portfolios, despite recent market volatility. He noted that more pension funds areRead More →
Advertising As Canadian lawmakers meet to discuss the second anniversary of the introduction of the draconian national security law in Hong Kong, they will also consider the issue of Canadian pension funds passively investing in Chinese stocks and bonds linked to serious human rights violations. Russia’s brutal invasion of Ukraine,Read More →
From 2025, Hong Kong bosses will no longer be allowed to dip into a worker’s pension fund to make severance and seniority payments after lawmakers voted to ban the practice, following a a 20-year campaign led by trade unions. The Legislative Council on Thursday passed a bill amending the compensationRead More →
Thousands of people eligible for pension credit could claim an extra £278 every week. Those eligible could also get discounts on other expensive bills, including council tax and TV license fees, reports the Liverpool Echo. “Pension Credit Awareness Day” will take place on June 15, which urges people who mayRead More →
The pension credit is separate from the state pension, which is automatically paid to Britons once they reach statutory retirement age. The extra cash helps cover living costs and has become increasingly important in recent months as energy bills and inflation continue to soar. Are you entitled to pension credit?Read More →
The Canada Pension Plan Investment Board and OMERS Infrastructure are considering selling their lease attached to the Chicago Skyway toll bridge, according to people familiar with the matter. The companies are working with an adviser to solicit an interest in concessioning the 7.8-mile toll road, the people said, requesting anonymityRead More →
I argued that Canada has a major productivity growth problem and must seriously consider adopting a comprehensive multi-year plan to tackle this problem at the grassroots. We need to find ways to encourage companies to invest in new technologies, innovation and people. There is no silver bullet or one-size-fits-all approachRead More →
The group health of 11 retirement systems that cover Chicago and Cook County and local government employees across the state remained mostly stable in 2020, supported by healthy investment returns and contribution levels in increase for some of the funds that still do not meet actuarial standards. Overall, the resultsRead More →
Hedge fund and private equity managers are complaining to anyone who will listen (mostly Republican senators) that Gary Gensler’s plans to shed additional light on the opacities of their art more or less portend the end of the civilization. Rules that would require more uniform disclosures and subject funds toRead More →
Pension plans and other institutional investors are adopting a federal proposal that would require hedge funds and private equity funds to provide more information to investors. University endowments, insurance funds and pension funds serving teachers and firefighters are urging the Securities and Exchange Commission to move forward with a proposedRead More →
Social housing provider Bolton At Home is encouraging older people in Greater Manchester to check if they are eligible for supplementary pension payments. The appeal comes after figures revealed around 36,000 eligible households are missing around £70million in unclaimed pension credit. In the borough alone, Bolton at Home estimated thereRead More →
The 2021 financial year was an excellent year for public pensions. According According to funding data from Pew Charitable Trusts, a decade of rising pension contributions has been bolstered by the 2021 reopening rally. As a result, public pensions in all 50 states have seen their funded ratios exceed 80%,Read More →
Discussions on attracting much-needed investment to Africa have generally focused on non-African sources: foreign companies, multilateral financial institutions and non-African institutional investors. Yet much more attention is now being given to investment funds based on the continent itself. As the size of African pension and social security funds grows, theyRead More →
By Alice Uribe SYDNEY – Australian pension funds are increasingly taking action on the environmental, social and governance issues they see in the companies they invest in, and that can have a bigger impact than just investing in “green assets.” “, said KPMG. According to Linda Elkins, national head ofRead More →
Living on a low income has been found to negatively affect people’s emotional well-being. Older people living in poverty have also been found to be at risk of developing mental health problems along these lines. It’s a major concern for Christine, a 65-year-old woman, whose story was shared exclusively withRead More →
The introduction of a framework allowing pension fund administrators (PFAs) to co-invest with private equity (PE) firms will provide industry players with an opportunity to diversify and reduce the concentration of pension funds in federal government bonds. Industry players who have received the framework have described it as a welcomeRead More →
Pension funds invest in real estate in order to be able to offer higher returns to their investors. Most of these investors are retirees living on a fixed income, which makes consistently high returns even more important. Many real estate investments offer above-average returns and act as a hedge againstRead More →
This marks another milestone in the push to be “green” when investing. Plan members already expect to see a responsible investment approach from their managers, adding to the pressure on administrators to produce a cohesive and measured sustainability strategy. These disclosures will further fuel a movement toward responsible pension investing.Read More →
More than 1,000 Ukrainian refugees over retirement age who are eligible for this financial assistance are benefiting from it. The payment is designed to support low-income people with top-ups, as well as open up eligibility for other aid. This includes free TV licenses for over-75s, council tax help and freeRead More →
Wind farms are “the perfect asset” for pension funds, according to Robert Waugh, CEO and co-CIO of NatWest Group Pension Fund. Speaking at a panel discussion on the role of renewable energy infrastructure in the energy transition at the 2022 PLSA Investment Conference, Waugh detailed NatWest’s pension fund experience withRead More →
Victoria Scholar, of stockbroker Interactive Investor, said a tax on Shell and BP had been considered for some time and was likely to have been factored into the share price. However, companies beyond the oil giants have also been hit by investor concern after it became clear earlier this weekRead More →
Updated with correction. Connecticut pension plans and trust funds will receive $3.6 billion in additional contributions. An incorrect amount was provided in an earlier version of this story published in the May 25 P&I Daily. Connecticut Retirement Plans & Trust Funds, Hartford, will receive $3.6 billion in additional contributions nextRead More →
Connecticut Retirement Plans & Trust Funds, Hartford, will receive $1.6 billion in additional contributions next fiscal year due to a state budget surplus. The additional contributions will bring a total of $3.6 billion to be transferred to pension plans in the fall, according to a May 20 letter from theRead More →
As bills continue to rise, people are being reminded that they could qualify for financial assistance from the DWP. Some 850,000 Britons of state pension age are deprived of this DWP benefit which could also reduce their energy bills and council taxes. Pensioners are missing out on average £1,900 aRead More →
“It’s worrying that so many people have tried to consolidate their funds and failed and so many people don’t know how to go about it.” More than one in 10 (11%) savers with multiple plans have tried to consolidate their funds and failed while nearly two in five (38%) admitRead More →
PENSIONERS in the Scottish Borders could lose thousands of pounds by failing to claim eligible pension credit. Pension Credit is a top-up for the most vulnerable pensioners worth an average of £3,300 a year. As well as being a cash supplement to the state pension, it is a passport toRead More →
The Department for Work and Pensions (DWP) has announced a ‘day of action’ next month which will aim to encourage people of state pension age to check their eligibility for a higher value benefit to £3,000 each year in financial support and further reductions. The DWP’s ‘Pension Credit Day ofRead More →
Capital markets Pension funds record negative returns as stock prices fall Monday, May 23, 2022 Nairobi Securities Exchange (NSE) on the floor of the Exchange building in Nairobi on August 26, 2020. PHOTO | NJAU SALATON | NMG Pension fund returns turned negative in the first quarter of the yearRead More →
The federal government says it expects $40 billion in private capital investment in digital infrastructure by 2025.The government revealed this in its “National Development Plan 2021-2025: Volume I”.He said, “To achieve the set targets in the sector, the estimated public investment is N150 billion from 2021 to 2025. Allocations willRead More →
New Delhi: The Ministry of Defense has requested Defense Pensioners to complete their annual life identification/certification process by May 25, 2022 to ensure proper processing of the monthly pension. “After verifying the data received as of 17 May 2022, it was found that 43,774 retirees who were migrated to theRead More →
A grieving Scottish widow has been left distressed after crooks stole more than £2,000 from her bank account while posing as Amazon staff. Margaret Eggett, 68, received a text from an unknown number telling her she had made a payment to Amazon of nearly £80. The pensioner, who lives aloneRead More →
WARRINGTON South MP Andy Carter has welcomed a new Government campaign to boost the use of pension credit, as part of wider cost of living support. Pension Credit is a top-up for the most vulnerable pensioners with an average value of £3,300. As well as a cash top-up to theRead More →
The text of the new Dutch pension law is particularly vague on how pension funds that serve several different sectors should deal with the question of whether or not to move to the new defined contribution (DC) system or to acquired rights. Pensioenfonds PGB, which manages the pension schemes ofRead More →
MP Simon Baynes In Clwyd South, which includes the Chirk area, around 25% of people who could claim pension credit to supplement their income are currently not doing so. Some 2,000 people are claiming the credit. Area MP Simon Baynes said: ‘It’s great news that 2,000 pensioners in Clwyd SouthRead More →
A group of 12 leading UK pension funds brought together by the Church of England Pensions Board, representing £400 billion in assets under management and working on behalf of over 18 million members, will jointly consider how to support the transition climate in emerging markets. British Prime Minister, Boris Johnson.Read More →
Headquarters of the United States Securities and Exchange Commission in Washington, DC Photo: Diego M. Radzinschi/ALM Allianz Global Investors US LLC has reached a $6 billion settlement with the SEC to resolve claims related to a scheme that saw investors lose billions after the COVID-19 pandemic crippled US markets. PensionRead More →
At least 21 company pension schemes have increased payouts this year by 3% or more, Financieele Dagblad said on Tuesday. The funds have more leeway to increase the amount they pay out because their coverage ratios have improved, but they are still not able to match the rate of inflation.Read More →
Pension credit can be an invaluable supplement to pension payments. Anyone over the statutory retirement age is eligible for the Supplementary Weekly Allowance from the Department for Work and Pensions (DWP). Individuals in four groups can apply for additional pension credit assistance. It gives you extra money to help coverRead More →
At least 21 pension schemes with a funding rate of at least 125% have so far planned indexation of 3% or more in 2022. That’s just over 10% of all Dutch pension funds. Of the funds that have been able to index pensions by at least 3%, all but twoRead More →
New York City employees and taxpayers are unwittingly funding Russian companies and Vladimir Putin’s oligarch cronies with at least $519 million invested in assets now frozen by the belligerent dictator, The Post has learned. City and state pension systems have pledged to sell the holdings in protest against Russia’s assaultRead More →
‣ 1.3 million people affected by hacking‣ Long list of CA pension plans Horizon has issued a fifth data breach notice in California. The total number of people affected by the Horizon Actuarial data breach now exceeds 1.3 million. Employees enrolled in 49 pension plans have been notified, including theRead More →
A dozen UK pension funds with collective assets of £400bn ($493bn) are joining forces to support the climate transition in emerging markets, according to a press release from a climate change summit on Thursday. net zero deliveries in London. Led by the Church of England Pensions Council, which oversees £3.7bnRead More →
According to a new survey, more than half of pension funds do not expect their climate change mitigation targets for net carbon dioxide emissions to be met – and only a sixth have fully integrated climate change goals in their portfolios. The study, by CREATE-Research and sponsored by DWS, isRead More →
Nigeria’s imports from China increased by 183.91% from N530.98 billion in the first quarter of 2018 to N1.51 trillion in the same period of 2022.Foreign trade data from the National Bureau of Statistics (NBS) shows that Nigeria had its imports from China.Specifically, during the review period, China ranks first outRead More →
The Johannesburg High Court has convicted a father who wanted his ex-wife to notify him of any attempt to obtain an order to pay maintenance arrears. Photo: Ashraf Hendricks/GroundUp/Archive The Johannesburg High Court has ruled that a mother whose ex-husband owes maintenance for their children has the right to takeRead More →
BDC Capital is stepping up its efforts to attract institutional investors as partners, as the Canadian government-owned venture capital firm seeks to increase its presence in fast-growing industries such as clean technology. A “sort of key theme that we are pursuing is also how to get other privateRead More →
Pension funds in the Netherlands have significantly increased their allocations to high-yield bonds over the past two years, according to an overview published by regulator DNB. Since the outbreak of the coronavirus pandemic in March 2020, the Dutch pension sector’s allocation to high yield bonds has increased from around 7%Read More →
Breadcrumb Links Renewable energies PF Finance PF Energy fintech Goods Government-owned venture capital firm steps up efforts to attract institutional investors as partners Author of the article: Bloomberg News Esteban Duarte Building of the Business Development Bank of Canada in Ottawa. Photo by ANDRE FORGET / QMI Agency Files ContentRead More →
Largest corporate pension plans ranked by funded ratio – plan assets as a percentage of projected benefit obligation – as of December 31, 2021, unless otherwise noted. Dollars are in millions. Rank plan sponsor Funding rate Fair value of plan assets Performance obligation Funded Status Long-term expected rate of returnRead More →
A mother whose ex-husband owed her child support was legally allowed to withdraw funds from her child support without notice. It was the result of a ruling by Johannesburg High Court Judge Tina Siwendu, who was hearing an urgent request from the man. He sought an order requiring the motherRead More →
BY SYDNEY KAWADZA THE Insurance and Pensions Commission (IPEC) has wielded an ax to about 40% of pension funds operating in the country in a bid to protect billions of dollars contributed by millions of Zimbabwean workers. There were 985 occupational pension funds registered in Zimbabwe as of December 31,Read More →
Five New York City employee retirement groups that own shares of struggling video game maker Activision Blizzard are suing Activision, claiming the company has failed to turn over financial records as the groups try to investigate whether Activision got a fair price in its planned sale to Microsoft. The lawsuit,Read More →
Credit Suisse shareholders have rejected the proposal for a special audit aimed at clearly determining the bank’s position on the Greensill affair and the so-called Swiss Secrets presented by the Ethos Foundation and seven pension funds at its general meeting Annual Meeting (AGM) last Friday. Shareholders rejected the company’s proposalRead More →
The complaint from the New York City Employees’ Retirement System, as well as pension funds representing the city’s teachers, police and firefighters, seeks to open the books of Activision Blizzard to prove whether Kotick negotiated the The company’s $68.7 billion sale to Microsoft as “a way to escape liability” stemmingRead More →
At present, Pension Credit is the most under-claimed benefit in the UK, despite the support it can provide. The payment is made available to people of statutory retirement age and above, who have a low income. Recent statistics from the DWP showed the payout could be worth over £3,300, butRead More →
(Bloomberg) — Fairfax County, Va., is considering putting pension fund money into two crypto funds that use the investment strategy known as yield farming. The funds, if approved in the coming days, will be used to provide liquidity on decentralized cryptocurrency exchanges, according to Katherine Molnar, chief investment officer atRead More →
Total assets under the contributory pension scheme increased by 460 billion naira in three months to reach 13.88 billion naira in March, according to figures from the National Pensions Commission released on Friday. This was included in the National Pensions Commission’s latest report titled “Unaudited Report on the Pension FundsRead More →
Company pension plans had an excellent year. The average capitalization ratio was 96.3% in 2021, down from 88.1% the previous year and the highest number on record since 2007, according to the latest Milliman report. (This figure has been updated with new data and is slightly lower than the company’sRead More →
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An aerial view shows a compressor station for the German natural gas grid at Open Grid Europe (OGE), one of Europe’s largest gas transmission grid operators, in Werne, Germany March 24.INA FASSBENDER/AFP/Getty Images Four of Canada’s largest pension plans have significant stakes in European gas pipeline or gas distribution companiesRead More →