Integrity Photos IncGetty Images “What is the pension credit? Is searched 9.3,000 times per month, making it the most asked pension question in the UK, according to Profile Pensions, The pension credit is a weekly ‘top-up’ benefit for people who have reached retirement age and have low incomes. It isRead More →
Around 220 global financial institutions, including UK pension plans and asset managers, have called on 1,600 of the world’s most influential companies to ‘urgently’ set science-based emissions reduction targets ahead of the COP26. A total of 1,600 companies have been asked to set emission reduction targets under the Science BasedRead More →
Updated with correction. Connecticut state law requires that whenever the amount of the budgetary reserve fund equals 15% of the net general fund appropriations for the current year, the excess must be transferred to the Teachers’ Retirement Fund and / or the State Employees Retirement Fund. This was incorrectly statedRead More →
The UK government’s ambition to fuel a post-Covid ‘Big Bang of investment’ with billions of pounds in pension funds is likely to run out of steam after pension funds balked at Downing Street’s call to invest more money in projects. With public finances strained by the pandemic, the Prime MinisterRead More →
Dutch pension funds that opt for the so-called flexible arrangement in the new pension system will be allowed to have buffers, according to a draft revised version of the new pension law that has yet to be discussed in parliament. Under the original version of the law, only pension fundsRead More →
In 2015, the government, led by former Prime Minister David Cameron, pledged to build 300,000 homes per year, but according to a parliamentary report from January 2021, supply has consistently fallen well short of that target. Between 2012 and 2020, the supply of social housing and affordable social housing fellRead More →
Sen. Tommy Tuberville, R-Alabama, delivered a speech this week in the Senate calling on President Joe Biden’s four nominees for the Federal Retirement Thrift Investment Board (FRTIB) to appear before the Homeland Security Committee for a hearing. “I rise today to request that the candidates submitted by the president toRead More →
So far this year, a third of the UK’s biggest companies¹ have signed up to the United Nations Race to Zero campaign. The UK government recently pledged to cut emissions by 78% by 2035. These commitments will require sweeping changes in various areas of the market, encompassing buildings, transport andRead More →
Paul Singer’s Elliott Management has a fearsome reputation that has made it a $48 billion giant. But the hype around the company doesn’t match its results, according to a new report from Communications Workers of America and SOC Investment Group. The SOC investment group works with union-sponsored pension funds affiliatedRead More →
While cryptocurrencies are not a common asset in pension plan portfolios, a nonprofit educational organization for pension fund managers and service providers based in Texas is keen to show plan sponsors how digital assets could become an essential part of their investment pools. At its annual summer educational forum heldRead More →
Danmarks Nationalbank said in a report on the country’s pension sector and alternative investments that providers have the opportunity to invest more, in addition to the 750 billion DKK (100 billion euros) already held or committed. But the central bank also warned in the financial stability and risk analysis releasedRead More →
The total surplus of UK defined benefit funds covered by the Pension Protection Fund’s 7800 index rose to £ 83.2 billion ($ 114.5 billion) at the end of August, from £ 62.4 billion in July, according to a statement released Tuesday. The London-based PPF, the rescue fund for defined benefitRead More →
The $ 1.5 billion Atlanta Police Officer Pension Fund posted a 33.1% net return for the year ended June 30, above its benchmark of 33%. For the three, five and ten years ended June 30, the Police Fund reported an annualized return of 12.9%, 12.4% and 9.7%, respectively, compared toRead More →
Kempen Capital Management’s pension assets under management declined by € 2 billion in the first half of this year, after six years of strong growth. Cash outflows are expected to continue for the rest of the year as a pension fund is cutting a € 1 billion credit mandate, KempenRead More →
Irish workers have been warned of a simple mistake they make in the pension application process. Speaking ahead of Retirement Awareness Week 2021 (PAW21), former pensions ombudsperson Paul Kenny said a common mistake in Ireland is that people think it is enough to ask for the state pension when youRead More →
A third of East Lothian retirees are missing an average of £ 60 per week, local councilors have pointed out. Citizens Advice in Musselburgh and Haddington estimates that between 1,100 and 1,500 older people in the area do not claim the pension credit they are entitled to each week. TheyRead More →
The 300 largest pension funds in the world saw their assets under management (AUM) increase by 11.5% to a total of $21.7 trillion in 2020, according to a study by the Thinking Ahead Institute. Japan’s Government Pension Investment Fund (GPIF) and Norway’s Government Pension Fund Global (GPFG) remain the twoRead More →
The assets under management (AUM) of the world’s 300 largest pension funds grew 11.5% to a total of $ 21.7 billion (£ 15.8 billion) last year, despite many challenges caused by COVID-19. That’s according to a new study from the Thinking Ahead Institute, which shows that North America remains theRead More →
Pension funds, and those in the Nordic region in particular, have committed around € 450m of raised capital for a new private equity impact fund, which has Swedish buffer funds AP4 and AP6 on its advisory board . Nordea Asset Management (NAM), which is a minority shareholder in the managerRead More →
Tom Selby, head of retirement policy at the AJ Bell investment platform, explained a ‘double bubble’ retirement tip to increase your retirement pot by thousands of pounds There are ways to increase your retirement fund by the thousands ( Image: Getty Images / Image source) Savers could pocket £ 40,000Read More →
To the ancient Greeks, Cerberus was the dog of Hades, a multi-headed dog with a serpent’s tail that prevented souls from escaping from the underworld. His eyes were burning with fiery lava and he was vomiting bile. The dog’s namesake, Cerberus Capital Management, is a private equity firm that, likeRead More →