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 →
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 →
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 →
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 →
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 →
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 →
MP JOHN Stevenson has welcomed a new campaign to boost the use of pension credit in Carlisle as part of wider cost of living support. Pension Credit is a top-up for vulnerable pensioners with an average value of £3,300. In addition to a cash supplement to the state pension, itRead More →
Capital markets Pension funds are the main buyers of the EABL bond which raised 11 billion shillings Friday, April 22, 2022 Jane Karuku, Managing Director of EABL Group. PICTURES | FILE | NMG By CHARLES MWANIKIMore from this author Summary Pension funds were among the main buyers of the corporateRead More →
3 minute readApril 21th Pension credit applications have increased by 30% in 2021 compared to 2019. This is giving a massive financial boost to vulnerable pensioners. As well as putting extra money straight into retirees’ pockets, it also opens up access to other benefits, such as rent and council taxRead More →
The cost of living crisis has people taking a closer look at their finances to find possible ways to reduce their expenses and with switching energy providers currently out of the question, one of the most obvious ways is to look at your broadband package. BT currently offers people onRead More →
A 2019 law championed by Pritzker aims to combine more than 600 local public safety pension funds into two funds — one for firefighters and another for police. Pritzker argues this would boost fund returns and help address the problem of low funding levels that have weighed on budgets andRead More →
A change to the pension credit could see some people in the UK receiving an extra £182 a week from the Department for Work and Pensions (DWP). Applicants can also get help with heating costs, a free TV license and reduced council tax if they have a lower income. ThisRead More →
People who have reached statutory retirement age may be able to claim additional weekly benefits from the Department for Work and Pensions (DWP). The pension credit is issued by the government to retirees who have a lower income. Pension credit rates have recently increased by 3.1%, as have all benefitsRead More →
1 year Billed annually at 4699 ₹ 392 / month 2 years Billed annually at 6999 ₹ 292 / month 3 years Billed annually at 9399 ₹ 261 / month 1 year Billed annually at 6999 ₹ 583 / month 2 years Billed annually at 8799 ₹ 367 / monthRead More →
Mexican pension fund managers (Afores) have so far invested 460 billion pesos ($23 billion) in infrastructure. The pension regulator Consar wants to increase this amount to stimulate development and stimulate small projects. BNamericas spoke with Consar Director Iván Pliego Moreno about the relationship between the infrastructure sector and pension fundRead More →
Its Make My Money Matter campaign has revealed that at least £300bn of UK pension funds are invested in businesses linked to the destruction of trees. The creator of Blackadder wants to mobilize a “generation of savers” to realize the power of their pensions through a short film released today.Read More →
Legal & General plans to invest more than £2bn (€2.3bn) from pension funds in affordable housing in the UK over the next five years. Legal & General’s Retirement Institutional (LGRI) said it plans to invest the additional capital to help create more than 10,000 new homes nationwide. The investment –Read More →
Legal & General Group Plc April 8, 2022 Legal & General will invest over £2billion from pension funds in affordable housing over the next five years The investments will provide over 10,000 new homes across the UK Legal & General Retirement Institutional (“LGRI“) announcement today its plans to invest anRead More →
Pensioners and their loved ones are urged to take up the pension credit, as a new government campaign is launched to help those of retirement age with the cost of living. From this month, advertising for Pension Credit will appear in internet search results and social media, before being extendedRead More →
Vijayawada: The state government uses the volunteer service to deliver welfare programs at people’s doorsteps. On the first day of each month, volunteers will go door to door to distribute pensions and other social assistance. However, some volunteers behave negligently and delay the payment of pensions. They also try toRead More →
Pension credit claimants will see their income increase this month as new higher rates are granted by government officials. This means that those claiming the benefit can expect a 3.1% increase. With the cost of living proving difficult for some households as fuel costs soar, electricity and gas prices riseRead More →
Pension Credit is paid by the Department for Work and Pensions (DWP) and provides assistance to retirees who need financial support by supplementing their weekly income. From April 11, when the state pension will increase by 3.1%, the amounts people can receive through the pension credit will increase by theRead More →
The drawdown of dividends Even from a purely financial standpoint, BlackRock’s recent bets on Russia might now seem misjudged. The Moscow stock exchange almost tripled in value from April 2014 to the end of last year, but share prices fell as Russian tanks prepared to enter Ukraine this year, wipingRead More →
Hundreds of thousands of people entitled to pension credit are missing. With the cost of living crisis worsening, now is the time to check whether you or your elderly relative are eligible. Up to 850,000 people eligible for Pension Credit in 2020 did not apply for the benefit, missing anRead More →
It comes as new figures show many pensioners could be missing out on Pension Credit, a vital financial boost that can be worth more than £3,300 a year. From this month, advertising for Pension Credit will appear in internet search results and social media, before being extended to national andRead More →
Four of the five New York City Retirement Systems pension funds have reached agreements with 11 companies that will disclose workforce data annually, City Comptroller and Trustee Brad Lander announced Thursday. retirement plans. The companies are American Express, Anthem, Honeywell International, Illumina, Intuitive Surgical, Raytheon Technologies, Simon Property Group, TexasRead More →
Despite rising household incomes for retirees, many are still struggling and could benefit from the support provided by Pension Credit. Applicants could get additional income every week. Recent data from the Department for Work and Pensions showed that in 2021 pensioners had an average income of £361 after housing costs,Read More →
The Ethos Foundation, along with seven other Swiss pension funds, are pressuring Credit Suisse to set up a special audit to look into the Greensill case and the information leaks that revealed the bank had suspected criminals, autocrats and war criminals as clients. Separately, ShareAction, which coordinates a climate change-focusedRead More →
Pension credit applications need to be “de-cluttered” and in future automated to help older people facing soaring bills, according to an influential financial industry veteran. Take-up is currently “low” with around 850,000 eligible households without pension credit, says Henry Tapper, who is setting up a task force to reduce pensionerRead More →
© Reuters. (Bloomberg) – As tempting as it is to attribute the stock market’s meteoric rise to expectations that the economy will prosper despite war and inflation, other forces are at work in the rally. How much they are responsible for is a serious question for traders and central bankRead More →
(Bloomberg) – As tempting as it is to attribute the stock market’s meteoric rise to expectations that the economy will prosper despite war and inflation, other forces are at work in the rally. Bloomberg’s Most Read How much they are responsible for is a serious question for traders and centralRead More →
Nigerian contributors often wonder where their pension contributions are invested and whether their funds are in safe hands. Therefore, it becomes imperative to explain the contributory pension scheme and how the pension contributions are invested by the administrators of the pension funds, PFAs. The Contributory Pension Scheme (CPS) is aRead More →
Band Carolyn Cohn and Iain Withers LONDON, March 28 (Reuters) – UK pension fund managers write off billions of pounds of froze Russian assets held for their members when they had no options to sell them safely, adding to the risks to their funding positions from Russia’s invasion of Ukraine.Read More →
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Most pension funds wrote down Russian assets – regulator Companies supporting the funds also face the economic blow of war Funds deflect divestments for fear of selling to oligarchs Some “do not buy” policies for companies with Russian operations LONDON, March 28 (Reuters) – British pension fund managers are cancelingRead More →
There are a number of changes from the Department for Work and Pensions (DWP) that will come into effect in April for millions of benefit claimants. This will include increased payments for those claiming Universal Credit, Personal Independence Payments (PIPs) and Pension Credit. As well as an increase in payments,Read More →
Sweden’s financial watchdog, Finansinspektionen, is urging the country’s insurance and pension companies to check their solvency levels regularly amid the war between Russia and Ukraine, despite low exposure to the region. The watchdog said a recent survey it conducted, due to “the troubled economic situation created by Russia’s invasion ofRead More →
Sascha Lavin examines the extent to which British advice supported companies linked to Vladimir Putin’s war effort At least a quarter of UK city council pension funds have recently held shares in Russian banks and companies that have been sanctioned by the West following Vladimir Putin’s invasion of Ukraine, theRead More →
The Minnesota House voted unanimously on Wednesday to withdraw state pension funds from Russia, joining US states in putting financial pressure on the country over its war in Ukraine. The Minnesota Public Employees Pension Fund had about $53 million in investments in Russia before its invasion of Ukraine. The valueRead More →
New York’s top financial stewards have welcomed the Securities and Exchange Commission’s proposed rule to require companies to disclose climate-related financial risks. State Comptroller Thomas DiNapoli and City Comptroller Brad Lander welcomed the SEC’s proposal, saying environmental transparency is good for state and city pension plans. “This proposed rule willRead More →
We have recently seen an increase in the number of people applying for pension credit. However, as the cost of living increases, there are still hundreds of thousands of retirees who may be eligible and who are not – including the readers of this document. They miss out on thatRead More →
“Both AustralianSuper and HOOPP are high caliber shareholders and their decision to invest in our business is an affirmation of the quality of our team, our strategy and our long-term vision,” Wahby told staff. He said Greencross sales have grown 18.5% per year based on a compound annual growth rateRead More →
Nordic pension fund investment managers say they expect the European Central Bank (ECB) to tighten monetary policy as its US and UK counterparts have already hiked rates, after the outbreak of war in Ukraine exerted upward pressure on inflation. In a blog posted on March 13, Jesper Rangvid, professor ofRead More →
Millions of people depend on state benefits to help them make ends meet. Issued by the Department for Work and Pensions (DWP), these vital payments are usually paid at the same time each month. However, dates may change when it comes to public holidays such as Christmas and Easter. ThisRead More →
PENSION Credit claimants will receive larger payments within days as the benefit is increased. The standard amount will increase by £436 per year for couples, while individuals will receive an additional £286 per year. 1 Anyone who gets a pension credit or any of the additional items will see theirRead More →
SOFIA (Bulgaria), March 17 (SeeNews) – The number of Bulgarians switching between supplementary pension insurance funds increased by 12.2% quarter-on-quarter in the last quarter of 2021, with contribution transfers totaling 349.1 million levs ($196.3 million/€178.5 million), the country’s financial watchdog said. In the last three months of 2021, a totalRead More →
Pension Credit claimants can claim a free TV license worth £159 a year – a significant saving amid rising household bills. A Statista survey found that 93% of people aged 56 and over in the UK watch ‘linear’ TV every week. This means they watch programs at their scheduled timeRead More →
Pension credit claimants can claim a free TV license and save hundreds on their bills. Television licenses are important for older generations and the traditional style of watching the normal television program is much more common among older viewers. A Statista survey found that 93% of UK viewers aged 56Read More →
Italian pension funds have been caught in the crossfire of current geopolitical tensions, suffering the consequences of the war in Ukraine on global stock markets. Assets under management at Inarcassa, the Italian pension fund for independent engineers and architects, fell below 13 billion euros at the end of February dueRead More →
OKLAHOMA CITY — Oklahoma’s two largest state pension funds say they managed to divest themselves of most of their Russian assets before the economic sanctions, minimizing losses to the taxpayers who fund them. Officials of some of Oklahoma’s large pension funds said their investment managers bought Russian-based assets before Russia’sRead More →
New York City Comptroller Brad Lander appears to be gearing up for alternative investments. Lander, which is the custodian of $274.7 billion in assets held by New York’s five public pension funds, recently called on state lawmakers to update a law and increase the amount that City pension funds canRead More →
Pensioners can claim a free TV license each year, saving them over £100 a year. Pensioners who receive a pension credit benefit may qualify for a free license. A color TV license currently costs £159 per year. However, some retirees can obtain their permit completely free of charge by claimingRead More →
As people struggle to cope with the cost of living amid rising inflation and rising energy bills, Britons are being urged not to suffer in silence. Millions of people with certain benefits could save money on things like NHS prescriptions. As the cost of living crisis continues to dominate theRead More →
Pensioners can save hundreds of pounds by claiming their free TV license under a DWP scheme. Recipients of pension credit may be eligible for a free license, which currently costs £159 per year for the color TV license. Pension Credit is a benefit paid by the Department for Work andRead More →
Pension funds should increasingly invest with impact, according to a survey by the Impact Investing Institute and EY, the professional services firm. The UK impact investing market had approximately £58 billion in assets under management at the end of 2020. Only 1% of this was attributed to pension fund managers.Read More →
OKLAHOMA CITY — Oklahoma’s two largest state pension funds say they managed to divest themselves of most of their Russian assets before the economic sanctions, minimizing losses to the taxpayers who fund them. Officials of some of Oklahoma’s big pension funds said their investment managers bought Russian assets before RussiaRead More →
OKLAHOMA CITY — Oklahoma’s two largest state pension funds say they managed to divest themselves of most of their Russian assets before the economic sanctions, minimizing losses to the taxpayers who fund them. Officials of some of Oklahoma’s large pension funds said their investment managers bought Russian-based assets before Russia’sRead More →
OKLAHOMA CITY — Oklahoma’s two largest state pension funds say they managed to divest themselves of most of their Russian assets before the economic sanctions, minimizing losses to the taxpayers who fund them. Officials of some of Oklahoma’s large pension funds said their investment managers bought Russian-based assets before Russia’sRead More →
(Photo by OZAN KOSE/AFP via Getty Images) AFP via Getty Images As economic sanctions against Russia for its invasion of Ukraine spread, state and local public pension plans are considering selling their Russia-related assets and some are already doing so. Lawmakers in at least a dozen states are pressuring theirRead More →
When climate change activists lobby council pension funds, they often prioritize one action over all others: divestment from fossil fuel stocks. But while climate change is a central concern for the Local Government Pension Scheme and recognized as a significant risk to its investments as well as the environment, mostRead More →
ST. PAUL, Minnesota (WCCO) – A bipartisan proposal unveiled Thursday would target Russia with economic sanctions to further punish its government for invading Ukraine by banning public investment in the country. The bill would direct the State Board of Investment over the next few months to divest Minnesota state pensionRead More →
J he boss of savings and investment giant Legal & General wants the government to overhaul investment rules to make it easier for UK pension funds to back fast-growing tech companies. Nigel Wilson told Standard: “If we’re not careful, [investment] will just come from America, from the 401K people [theRead More →
LANSING, Mich. (FOX 2) – The Michigan Investment Board announced on Wednesday that it had unanimously approved moves to divest all state-owned assets in Russian and Belarusian businesses, following the invasion of Ukraine that sparked a wave of anger and condemnation towards President Vladimir Putin. According to the Treasury Department,Read More →
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The Caisse de depot et placement du Quebec and other pension fund managers have acknowledged or disclosed that they have invested around $100 million or more in Russia, mostly through publicly traded stocks.Christinne Muschi/Christinne Muschi/The Globe and The derussification of Canada’s largest public pension plans is nearly complete. The country’sRead More →
UK pension schemes appear to be increasingly considering impact investing, particularly social infrastructure and affordable housing. According to a survey conducted by Pensions for Purpose and sponsored by Big Society Capital of UK pension funds with total assets under management of around £150 billion (€180 billion), more than 50% ofRead More →
THE TOP 10 LARGEST PENSIONS IN THE WORLD 10.PFZW MARKET: Netherlands TOTAL ASSETS: $306,893 (as of March 31, 2021) (Photo from Amsterdam: Yasonya/Shutterstock) 9. CENTRAL PROVIDENCE FUND MARKET: Singapore TOTAL ASSETS: $349,787 (Photo: Central Provident Fund Board via Wikipedia) 8. CANADIAN PENSION MARKET: Canada TOTAL ASSETS: $390,503 (as of MarchRead More →
Swiss pension funds are facing the prospect of selling undervalued Russian assets, which still make up only a small part of their portfolio allocations, and are experiencing market corrections following the war in Ukraine. The question of the sale of Russian shares has not yet arisen for Compenswiss, the publicRead More →
The country united states of americaUS Virgin IslandsU.S. Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth ofCuba, Republic ofDominican RepublicHaiti, Republic ofJamaicaAfghanistanAlbania, People’s Socialist Republic ofAlgeria, People’s Democratic Republic ofAmerican SamoaAndorra, Principality ofAngola, Republic ofAnguillaAntarctica (the territory south of 60 degrees S)Antigua and BarbudaArgentina, Argentine RepublicArmeniaArubaAustralia, Commonwealth ofAustria, Republic ofAzerbaijan, RepublicRead More →
Up to 850,000 families could miss a pension credit worth an average of £1,900 a year. A new report from the Department for Work and Pensions (DWP) has revealed that a total of £1.7billion in pension credit was unclaimed in the 2019/20 financial year. Here, which one? explains how theRead More →
Up to 850,000 families could miss a pension credit worth an average of £1,900 a year. A new report from the Department for Work and Pensions (DWP) has revealed that a total of £1.7billion in pension credit was unclaimed in the 2019/20 financial year. Here, which one? explains how theRead More →
The country united states of americaUS Virgin IslandsU.S. Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth ofCuba, Republic ofDominican RepublicHaiti, Republic ofJamaicaAfghanistanAlbania, People’s Socialist Republic ofAlgeria, People’s Democratic Republic ofAmerican SamoaAndorra, Principality ofAngola, Republic ofAnguillaAntarctica (the territory south of 60 degrees S)Antigua and BarbudaArgentina, Argentine RepublicArmeniaArubaAustralia, Commonwealth ofAustria, Republic ofAzerbaijan, RepublicRead More →
Millions of people who receive state benefits including Universal Credit, Personal Independence Payments (PIPs) or Pension Credit are set to lose hundreds of pounds due to inflation. Campaigners warn that more than 24 million people will be affected and have urged the government to take action to prevent families fromRead More →
The Australian government said on Thursday it “strongly expects” the country’s pension funds to review their investment portfolios and take steps to divest themselves of any stake in Russian assets. Russia’s invasion of Ukraine led to severe Western sanctions and caused a number of companies to sever their ties withRead More →
Due to the increase in public debt held by Nigeria and other emerging economies, the IMF has warned that the sovereign debt crisis could spread to banks, pension funds, households and others. segments of the national economy. This was revealed by the International Monetary Fund in a report titled “SHININGRead More →
New data from Stand.earth shows more than $800 million of US pension funds have been invested in the Russian war chest Stand.earth research shows millions from California, Massachusetts, Washington, Alaska, New York and others have invested heavily in Russian oil and gas Traditional Lummi and Nooksack Lands and Unceded andRead More →
The banner read “so take a cold shower, turn off the gas taps”. Photo: DutchNews.nl Dutch pension funds have invested at least 2.5 billion euros in Russian companies and government bonds, the Nu.nl news site reported on Tuesday. The 10 largest funds have investments in companies such as Gazprom, LukoilRead More →
Investors with retirement savings in lifestyle funds that automatically transfer them into bonds have been warned to reconsider because faster-than-expected interest rate hikes will affect their value. The value of so-called lifestyle funds fell 13% in the two months to mid-February as persistently high inflation and rising interest rate expectationsRead More →
State Treasurer Scott Fitzpatrick wants Missouri to join other states that are dumping of Russian investments from pension funds. In a Tuesday press release, Fitzpatrick called for an emergency meeting of the board of directors of the Missouri State Employees Retirement System (MOSERS) to vote to block future purchases ofRead More →
Dutch pension funds have invested at least 2.5 billion euros in Russian companies and government bonds, reports NU.nl based on its own research. The ten largest pension funds in the Netherlands have a large portfolio of shares in Russian companies such as Gazprom, Lukoil and Rosneft, as well as inRead More →
The pressure to divest from Russian investments is everywhere. Both from an environmental, social and governance perspective and from a prudent financial perspective, Russian assets are currently extremely high risk. But many of the largest US pension funds still have assets in the country, making them vulnerable to an evenRead More →
Retirees generally turn to the state pension to provide them with financial assistance. However, this is not always the only form of help available. Many retirees might find they qualify for the pension credit, which is designed specifically to help low-income people. The benefit supervised by the Department for WorkRead More →
Although a TV license is required to watch or record live programs on any channel, not just the BBC, there are benefits that allow Brits to waive license fees. Revising the rules could save households £159 a year. Most people in the UK will have to shell out for aRead More →
Written by: Emma Lunn 02/24/2022 Up to 850,000 people eligible for Pension Credit in 2020 did not apply for the benefit, missing an average of £1,900 a year. The figures come from the latest earnings-related benefit figures from the DWP, which found that a third of those eligible for pensionRead More →
Low-income pensioners are missing out on average £1,900 a year by not claiming pension credit, according to the latest government figures. Some 850,000 families are missing out on a total of £1.7billion in financial support. Pension Credit is a benefit paid by the Department for Work and Pensions, which providesRead More →
14 million people would consider switching pension funds if their current fund contributed to deforestation According to a study, a fifth of the money invested in the average UK pension is linked to deforestation. The data was collected jointly by Make My Money Matter, a campaign that aims to highlightRead More →
More than £300 billion of UK pension funds are invested in companies and financial institutions at high risk of deforestation, according to a joint study by Make My Money Matter (MMMM), SYSTEMIQ and Global Canopy. MMMM estimated that pensioners could unknowingly invest more than £6,500 in companies which contribute –Read More →
US-based pension funds are the largest in the world with around $35 trillion in assets, according to a study just released by consultants Willis Towers Watson Plc. That’s nearly 10 times the size of the second-place UK at $3.86 trillion and Japan’s $3.7 trillion, according to the report. Canada, Australia,Read More →
(Bloomberg) – The drop in tech stocks that has hit Baillie Gifford risks exposing a group of UK pension funds to volatility as they have more money tied to the Scottish fund company than any other stock picker. Data compiled by Bloomberg from the roughly 90 municipal pension funds inRead More →
Filmmaker Richard Curtis has warned the pensions industry should be put on ‘red alert’ as a new report says billions of UK savers’ money is driving deforestation. In Britain, £2 out of every £10 invested in an average pension is linked to forest loss, amounting to some £300bn of UKRead More →
Dutch pension funds invested billions more in mortgages in 2021. The asset class is still seen as more attractive than government or corporate bonds, according to the mortgage funds. These funds have all seen additional investment from pension funds, in addition to regular reinvestment of interest income and monthly installmentRead More →