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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
The composite returns of 40 medium-to-small Texas public pension funds exceeded those of a 60/40 benchmark portfolio for all measured periods ending Sept. 30, according to a report by the Texas Association of Public Employee Retirement Systems, an industrial group. According to “Report on the Asset Allocation and Investment PerformanceRead 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 →
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! US-based Fidelity Investments – the country’s largest retirement plan provider – plans to offer its customers the option of investing their retirement funds in Bitcoin (BTC), according to a report of The New York Times. WhileRead More →
China has launched its first private pension program for workers in the country, opening the door to foreign insurers and asset managers, Reuters reported on Thursday. Under the new scheme, workers can contribute up to 12,000 yuan, or about US$1,860, annually to their pension fund, Reuters reported on Thursday, citingRead 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 →
WASHINGTON, April 15, 2022–(BUSINESS WIRE)–The United Food and Commercial Workers International Union is calling on public pension funds invested in KKR Asian Fund III to divest Cue Group, a Chinese artificial intelligence company that has worked with a branch of the Ministry of Public Security, the body that oversees theRead 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 →
The majority of commercial real estate assets held by European pension funds do not yet have strong ESG credentials, according to a report by Deepki. As our sister publication reports, European pensions, The Deepki Report on European Pension Funds: Integrating ESG into Commercial Real Estate Investing surveyed 250 European pensionRead 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 →
Legal & General (L&G) Retirement Institutional had announced plans to invest more than £2 billion from pension funds in affordable housing over the next five years. The plans will see over 10,000 new homes created across the country and aim to ‘level up’ the UK through L&G’s inclusive capitalism goal.Read 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 →
More than £100bn (€120bn) of the capital of the UK’s defined contribution (DC) pension scheme could be allocated to infrastructure investment, according to a report by one of the leading consultancies. country pension advice. Hymans Robertson’s article suggests that investing in infrastructure could “improve outcomes” for members of defined contributionRead 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 →
Forsikring & Pension, the Danish trade association of insurance companies and pension funds, has proposed that pension money be invested in defence-related government bonds to help Denmark achieve the goal of NATO defense spending. In a press release issued today (4 April), Forsikring & Pension said Denmark faced an “enormousRead 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 →
Average gains of 1.4% in the last quarter of 2021 took Portuguese pension funds to an average return of 5.1% for the 12 months to December 31, 2021. In contrast, the three months to September 2021 had produced an average return of 0.3%, with a return of 7.3% for theRead 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 →
Dutch pension funds that want to make the transition to the new defined contribution (DC) system can immediately increase investment risk as they will no longer be required to hold buffers, according to the latest version of the new Dutch pension law. pensions. Pensions Minister Carola Schouten presented the revisedRead 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 →
UK pension fund managers write off billions of pounds of frozen Russian assets held for their members as they run out of options to sell them safely, adding to risks to their invasion funding positions of Ukraine by Russia. The funds have in many cases written down the value ofRead 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 →
/cloudfront-us-east-2.images.arcpublishing.com/reuters/XLDAHXCTRROORGL7V7WBZUSKFU.jpg)
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 →
While defense companies are excluded from some investment portfolios for ethical and other reasons, the war in Ukraine has led to expectations of increased government spending in the sector and therefore a spike in share prices for Lockheed Martin, Leonardo and others. Despite their responsible investment policies, some large pensionRead 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 →