This story was among Asian investors most read articles in 2021. Three of Canada’s largest pension funds, which manage a combined total of $630 billion, are hitting the Asian expansion trail hard, underscoring ambitious plans to add to their asset base in the region despite the Covid pandemic -19. Together,Read More →
Consultants say Swiss pension funds should remain untouched by the insolvency of Greensill Capital and the liquidation of Credit Suisse’s supply chain funds. “I think the direct impact on Pensionskassen’s balance sheet [regarding] the case of Greensill and Credit Suisse is very small – supply chain finance and factoring representRead More →
Pension funds in the DACH region are preparing to face a potential increase in inflation rates resulting from the monetary and fiscal policies implemented to combat the consequences of the COVID-19 pandemic. “My personal standard scenario sees a higher probability of US inflation rising in the near term – inRead More →
New York City pension funds will invest more than $6 billion in climate change projects, surpassing their goal of $4 billion, trustees announced Tuesday. New York City Comptroller Scott Stringer, Mayor Bill De Blasio and other administrators said they plan to double investment in public companies offering alternative energy sources,Read More →
A Puerto Rican municipal group is suing the Oversight Council over the destination of money intended for the island’s pension system, a move that could impact the viability of the recently announced adjustment plan for debt and pensions. Commonwealth. La Liga de Ciudades de Puerto Rico (The League of CitiesRead More →
After nearly a decade of negative interest rates, one of the world’s best-run retirement industries is about to start guaranteeing its customers a negative return. This is the latest sign that sub-zero long-term rates are forcing Denmark to reshape its financial sector. The country’s banks have already taken the leadRead More →
China faces major strains in its pension system after dipping into social security funds to stimulate the economy over the past two years. On February 26, China’s Human Resources and Social Security Minister Zhang Jinan said the government had paid all its old-age pensions “on time and in full” lastRead More →
The way state and local governments keep their books is uniquely different from how the private sector operates. Public sector organizations are meant to be “perpetuaries” – never going out of business – and providing a common good. They therefore record assets and liabilities in a unique way. The sameRead More →
Major pension funds with assets worth £870billion, including those of the Church of England, Lloyds Banking Group and National Grid, have pledged to cut carbon emissions by their portfolios to net zero by 2050 or earlier, in another sign of major investors’ growing attention to the climate crisis. Pension providersRead More →
State pension rates will rise next month as triple lockdown rules increase payments by 2%. From April 12, the full rate of the new state pension will drop from £175.20 a week to £179.60. The government notes that claimants can get more pension credit if they are carers, severely disabled,Read More →
In 2020, each system exceeded its target. Returns ranged from a high of 14.3% at the Ohio Highway Patrol Retirement System to a low of 9.2% at the Ohio Police & Fire Pension Fund. The five systems have collectively invested $234 billion for nearly 2 million public servants, retirees andRead More →
Fintech start-up ClearGlass Analytics has closed a £2.6 million ($3.6 million) funding round for its platform, which aims to create greater transparency about fees in the cloud market. long-term savings, such as pensions and the broader asset management market. The £2.6m round includes European VC Lakestar and Outward VC, asRead More →