Columnists Use pension funds on roads, rails Wednesday, September 21, 2022 Motorists at the Nairobi Expressway Mlolongo Toll Booth on Sunday June 26, 2022. PHOTO | DENNIS ONSONGO | NMG As the debate around the funding of infrastructure projects in Kenya intensifies, the broader debate that needs to take placeRead More →
Republicans in state capitals across the country are targeting an investment concept known as environmental, social and corporate governance criteria, or ESG for short. Describing these investment criteria as “wake up” and “misguided activism, GOP officials say that by considering these factors when making investment choices, financial institutions are puttingRead More →
The backlash could lead to lawsuits against public pension fund managers who favor ESG efforts. Marc Brnovitch A major Republican backlash is underway in at least 24 US states against public pension fund managers making investment decisions based on environmental, social and governance (ESG) concerns and principles. Those leading theRead More →
The world’s 300 largest pension funds saw their assets under management increase by 8.9% to a record $23.6 trillion in 2021, according to a report by WTW’s Thinking Ahead Institute. The Government Pension Investment Fund of Japan remained at the top of the list as the world’s largest pension fundRead More →
NEW YORK (AP) — Payments processor Visa Inc. said late Saturday that it plans to begin categorizing sales at gun stores separately, a major victory for gun control advocates who say it will help better track suspicious increases in gun sales that could be a prelude to a mass shooting.Read More →
NEW YORK (AP) — Payments processor Visa Inc. said late Saturday that it plans to start categorizing sales at gun stores separately. It’s a major victory for gun control advocates who say it will help better track suspicious increases in gun sales that could be the prelude to a massRead More →
NEW YORK (AP) — Payments processor Visa Inc. said late Saturday that it plans to start categorizing sales at gun stores separately. NEW YORK (AP) — Payments processor Visa Inc. said late Saturday that it plans to start categorizing sales at gun stores separately. It’s a major victory for gunRead More →
Rising bills mean a growing number of older people are likely to claim pension credit as they struggle to pay essentials this winter. Having savings can affect how much people get in pension credit, but a rainy day fund of up to £10,000 won’t count if your income is lowRead More →
Mr. Lander also announced on August 30 the filing of a shareholder proposal at Mastercard and American Express to publicly report on their monitoring of the application of the code of firearms dealers. A similar proposal was not filed with Visa because the filing deadline had passed. “Mass shootings areRead More →
Intel will retain majority ownership in the new chip fabs in Arizona, but share revenue with Brookfield Asset Management. Brookfield Asset Management, the Canadian investment firm with $750 billion in assets, recently agreed to help build Intel’s new factories in Arizona, a rare arrangement that could gainRead More →
Officials from the California State Teachers’ Retirement System and New York City’s Retirement Systems have called on credit card companies to help track gun and ammunition purchases to detect suspicious activity. In letters sent to executives of American Express, Mastercard International and Visa, Aeisha Mastagni, portfolio manager for sustainable investingRead More →
Already 10 years ago, predictions were made that Korean investors would turn massively to alternative investments. Also Read: Expect Korea to Turn to Alternatives Since then, Korean asset owners have indeed shown a deep interest and ability to diversify their portfolio into alternatives – more so than their Asian peers.Read More →
Sitting in a windowless US Department of Labor conference room in January 2015, Credit Suisse officials endured a day of public humiliation. It wasn’t enough that the bank had pleaded guilty a year earlier to helping US customers evade taxes and paying $2.6 billion in fines. A face-to-face rebuke ofRead More →
Florida Governor Ron DeSantis, along with administrators of the State of Florida Board of Directors (SBA), on Tuesday passed a resolution ordering fund managers to disregard environmental, social and governance factors. when making investments for state pension funds. Managers of public funds must now base their allocation decisions “only onRead More →
According to Aeon Investments, 95% of pension funds and other institutional investors believe that alternative credit investments can be used to have positive social and environmental impacts. As our sister publication reports, European pensionsits survey of institutional investors in Europe and the United States, who collectively hold approximately $574 billionRead More →
An ENVIRONMENT activist does not pay council tax. Yet another educated person who does not understand the realities of energy. We will continue to use gas to run our power plants for the next 50 to 100 years, there is no other solution than a massive nuclear program, 30 toRead More →
Many retirees think they can’t claim the Pension Credit, a benefit designed to help low-income retirees because they have savings or own their homes. However, this is not necessarily the case, and many could be entitled to a worthwhile supplement. Age UK shared the story of a 72-year-old woman whoRead More →
By Adedapo Adesanya The National Pensions Commission (PenCom) reports that the total number of registered contributors and the value of pension fund assets stood at N9,795,957 million and N14.27 trillion, respectively, as of June 2022. PenCom Managing Director Ms. Aisha Dahir-Umar gave the figures at a recent workshop on theRead More →
Members can add additional service time, according to EPFO, if they have worked for different organizations. A pension calculator has just been made available to employees covered by the Employee Retirement Scheme (EPS) 1995 by the EmployeeRead More →
According to an analysis by S&P Global Market Intelligence, US public pension funds are increasing their allocations to real estate to protect against volatile market conditions. A review of the latest meeting minutes and investment reports from the 40 largest U.S. public pension plans in June found that increasing realRead More →
It is estimated that more than 3,000 Oldham households are cut off from the pension credit amid a cost of living crisis. The Greater Manchester Combined Authority and charity Independent Age are asking people to check their eligibility for support, which averages £63.54 a week for those already claiming inRead More →
The Council is reaching out to thousands of people and households in Coventry by letter to target payments to them under a government scheme. The Department of Works and Pensions (DWP) has provided funding to Coventry City Council under the Household Support Fund to provide Coventry residents with additional supportRead More →
More than 2,200 Trafford households are estimated to be without pension credit amid a cost of living crisis. The Greater Manchester Combined Authority and charity Independent Age are asking people to check their eligibility for support, which averages £65.80 a week for those already claiming in the area. The pensionRead More →
The pension credit is designed to help low-income retirees with a valuable financial supplement, but it has been significantly under-claimed. Therefore, the Department for Work and Pensions (DWP) has taken action with its Pension Credit Awareness Day, designed to draw attention to eligibility. Claims for the pension credit have increasedRead More →
A warning has been issued to households who could miss up to £3,300 a year. While more than 1.4 million pensioners benefit from the Pension Credit, many do not claim this additional financial assistance which can also be a gateway to other benefits. An estimated £1.7 billion of the unclaimedRead More →
Age Scotland is calling on pensioners living on a low state pension to act quickly to check their eligibility for pension credit and apply before next week’s deadline, to avoid losing out on £650 in extra financial support which could help increase energy bills. Low-income pensioners have until next ThursdayRead More →
Latin American pension funds have a greater appetite for alternative investments than their global counterparts, led by growing allocations to Peru, Colombia and Mexico, according to a recent Mercer report. The report, which tracked information on $5.9 billion in assets under management (AUM) from corporate and government pension plans inRead More →
Public pension schemes lost a median of 7.9% in the year ended June 30, according to data from Wilshire Trust’s Universal Comparison Service released on Tuesday, their worst annual performance since 2009 and a new sign of the chronic financial stress faced by governments and retirement savers. Much of theRead More →
KARACHI: The State Bank of Pakistan (SBP) has allowed non-resident Pakistanis (NRPs) to contribute to pension funds, licensed by the Securities and Exchange Commission of Pakistan (SECP) under the 2005 Rules on voluntary pension funds (VPS rules). As a result, some changes have been made to the instructions for theRead More →
KARACHI: The State Bank of Pakistan (SBP) has allowed non-resident Pakistanis (NRPs) to contribute to pension funds, licensed by the Securities and Exchange Commission of Pakistan (SECP) under the 2005 Rules on voluntary pension funds (VPS rules). As a result, some changes have been made to the instructions for theRead More →
The Isle of Wight community have come together to raise £500 for an elderly man who was recently attacked and stripped of his pension money in Ryde. Local taxi driver Paul Floyd hosted the fundraiser late last week with the aim of raising £100 to help the man in hisRead More →
KARACHI: The State Bank of Pakistan (SBP) has allowed non-resident Pakistanis to contribute to pension funds. In a circular issued to Banks/Authorized Dealers (ADs) on 05 August 2022, the SBP stated that to enhance the value proposition of the NRP Rupee Value Account (NRVA) and facilitate Non-Resident Pakistanis (NRPs), itRead More →
According to a report by WTW, global pension funds saw mostly positive performance in the second quarter, with the notable exceptions of the United States and Brazil. These returns came at a time of high volatility in global markets, which saw record inflation, weak equity markets, fluctuating exchange rates andRead More →
Pension funds are beginning to dabble in crypto investing, opening the door to a broader discussion about whether investment managers should embrace the risk profile of digital assets. Driving the news: The Fairfax County Board of Trustees in northern Virginia recently authorized its $6.8 billion pension funds to begin investingRead More →
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 →
One in three savers worry about having accumulated funds that they lost or forgot after changing jobs. According to a study by provider iSipp, almost 40% of savers have set up several pension funds due to a change of employer, and more than a quarter of the 2,000 adults surveyedRead 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 →
While the anti-ESG movement likely started the same day the ESG movement launched, recent proxy proposals and new legislation are forcing companies and asset managers to choose between relationships with state and local clients and increasingly stringent global ESG disclosure mandates. The sticky situation is likely to generate work forRead More →
Florida Governor Ron DeSantis (pictured) has become the latest Republican lawmaker to crack down on ESG investing at state pension funds. DeSantis last week proposed legislation for the 2023 legislative session that would amend Florida’s Deceptive and Unfair Trade Practices Act to prohibit major banks, credit card companies and moneyRead 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 →
Breadcrumb Links FP Investor Or should I work another three years and just get my full pension — paid monthly for life — then? Publication date : July 29, 2022 • July 29, 2022 • 4 minute read • 6 comments An Ontario government-sponsored pension plan is safer than manyRead 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 →
TRENTON — New Jersey pension funds have lost $10 billion in value in nine months, reflecting the slowdown in investment markets since last summer. Pension funds were valued at $91.5 billion as of May 31, according to a report presented to the State Board of Investments by the Treasury DepartmentRead More →
Urban renewal may not be the first association the average saver or even fund manager may make with the word “retirement”. But long-term “patient” capital invested in pensions can play an important role in regenerating our cities. Urban renewal evokes small industrial sections of a city in ruins which areRead More →
Almost nine in 10 UK pension funds (86%) expect investment in residential property development to increase over the next five years and 18% forecast a dramatic increase, new research from Downing has found. The survey with UK pension funds found that more than three in four (78%) believe the UK’sRead More →
There’s still time for people to qualify for the first lump sum, but struggling retirees must apply for the pension credit by August 18. The £650 cost of living payment was first announced by former Chancellor, Rishi Sunak in May. The first installment is worth £326 and it’s the firstRead 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 →
Retired Houston Fire Captain Russell Harris poses for a photo in his studio at his home Wednesday, June 22, 2022, in East Bernard, Texas | Associated Press file photo by David J. Phillip, St. George News MINNEAPOLIS (AP) — When the Houston Firefighters Relief and Retirement Fund purchased $25 millionRead 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 →
When the Houston Firefighters Relief and Retirement Fund purchased $25 million in cryptocurrencies, with the fund’s chief investment officer touting their potential, retired firefighter captain Russell Harris was concerned. Harris, 62, attended the funerals of 34 firefighters killed in the line of duty. He was already worried about his pensionRead More →
FT Money’s article on pension funds and liability-driven investing left me searching for more answers (July 2). Final salary pension plans were encouraged to undertake this investment strategy as long-term gilt yields continued to decline from 1994 onwards. LDI was never going to be a panacea or a complete solutionRead More →
article FUYANG, CHINA – JUNE 26, 2022 – Photo taken on June 26, 2022 shows U.S. dollars and bitcoins in Fuyang, Anhui Province, China. (Photo credit should read CFOTO/Future Publishing via Getty Images) MINNEAPOLIS (AP) – When the Houston Firefighters Relief and Retirement Fund purchased $25 million in cryptocurrencies, withRead More →
Australia’s pension funds will continue to rely on mining companies to generate returns despite calls from scheme members to dump coal and gas stocks, according to one of the country’s former ministers. Nick Sherry, superannuation minister from 2007 to 2009, said the coal and gas sectors would continue to beRead 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 →
Text size A federal magistrate recently recommended class action status for an antitrust action involving stock lending. Spencer Platt/Getty Images Five of Wall Street’s biggest brokerages are set to defend class action lawsuits that they conspired to extract unfair profits from the nearly $2 trillion stock lending market. Successful classRead More →
On Tuesday, July 5, global investment manager VanEck announced that two pension systems in Fairfax County (which is in the state of Virginia, USA) have invested a portion of their funds in its loan fund. crypto. VanEck, which was founded in 1955, has been “at the forefront of research andRead More →
Cautious optimism Pension Reserve Fund (FRR)France Olivier Rousseau, member of the board of directors Assets: €26bn Pension Reserve Fund Location: Paris In defense of the asset managers who have been accused of greenwashing, I would say that the allegations against them suggest that they may haveRead More →
Published: 10:30 a.m. July 1, 2022 I have held several jobs over the years and have moved several times. I’m sure I joined a few company pension plans in my thirties, but I can’t find any documentation for them. Can I find them easily? The companies concerned have been closedRead 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 →
Mexican pension fund body Amafore has updated its list of approved mutual funds available to Afores pension fund managers in the country, expanding their available investment options after eight months of discussions. Amafore’s Specialized Analysis Center (CAE) previously published a monthly list but had not updated it since last OctoberRead 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 →
Published: 1:00 p.m. June 20, 2022 If you are over the statutory retirement age, even if you own your own home or have savings, it may be worth checking whether you are entitled to a pension credit to help you cope with the expenses of daily life. The Pension CreditRead 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 →
Pension funds in Denmark and New York on Wednesday expressed their displeasure with Toyota Motor Co. over what they see as lobbying activity that is slowing a green transition. “We are extremely concerned that Toyota’s lobbying activities are misaligned with its climate goals and electric vehicle strategy,” said New YorkRead 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 →
Former New York mayor and current congressional candidate Bill de Blasio is calling on the state’s two largest pension funds to divest companies that make guns and ammunition. In an op-ed for AM New York, De Blasio said the New York State Common Retirement Fund, which administers pensions for stateRead 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 →