Pension funds (Page 2)

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 →

(Bloomberg) — Fairfax County, Va., is considering putting pension fund money into two crypto funds that use the investment strategy known as yield farming. The funds, if approved in the coming days, will be used to provide liquidity on decentralized cryptocurrency exchanges, according to Katherine Molnar, chief investment officer atRead More →

LOS ANGELES (CNS) — Los Angeles Comptroller Ron Galperin on Tuesday urged the city to identify all Russian investments held by the city’s three retirement plans and take steps to divest them in response to the Russian invasion of Ukraine. The city has a total of $46.2 million in RussianRead More →

The city’s top accountant called on the city to withdraw more than $45 million in pension funds from any Russian investment after the country invaded Ukraine. “Because of the heinous war crimes committed by Russia, I believe the City of Los Angeles should explore all options and take every actionRead More →

Total assets under the contributory pension scheme increased by 460 billion naira in three months to reach 13.88 billion naira in March, according to figures from the National Pensions Commission released on Friday. This was included in the National Pensions Commission’s latest report titled “Unaudited Report on the Pension FundsRead 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 →

An aerial view shows a compressor station for the German natural gas grid at Open Grid Europe (OGE), one of Europe’s largest gas transmission grid operators, in Werne, Germany March 24.INA FASSBENDER/AFP/Getty Images Four of Canada’s largest pension plans have significant stakes in European gas pipeline or gas distribution companiesRead 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 →

👋 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 →

Dutch pension schemes will soon be allowed to increase investment risk in anticipation of the transition to a new pension fund system under which they no longer need large buffers. However, experts believe that most pension funds will not immediately use the opportunity to increase risk. Pension transition opens aRead 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 →

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 →

India has canvassed Abu Dhabi Investment Authority, Singapore-based GIC, three Canadian pension funds and Qatar Investment Authority, among other sovereign wealth funds and pension funds, as lead investors in India’s Life Insurance Corporation (LIC). India’s initial public offering (IPO). The funds had expressed interest and the government wants to confirmRead 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 →

(Bloomberg) – Japanese Prime Minister Fumio Kishida has said he will create a pathway for funds from the Government Pension Investment Fund – the world’s largest of its kind – to be channeled to startups and venture capital. At a Tuesday night meeting on his administration’s new capitalism policies, heRead 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 →

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 →

The Los Angeles City Council voted unanimously Tuesday, April 4, to support a state Senate bill under which California’s public employee retirement system and teachers’ retirement system State of California would divest from fossil fuel companies. The council resolution, introduced by Councilman Paul Koretz, supports Senate Bill 1173 — co-authoredRead More →

In the United States, officials pledge to withdraw public pensions from Russian funds in protest against the invasion of Ukraine. But unraveling Russia’s money is easier said than done. SCOTT DETROW, HOST: As U.S. officials widely condemn Russia’s invasion of Ukraine, there is growing pressure to strip public pension systemsRead 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 →

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 →

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 →

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 →

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 →

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 →

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 →

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 →

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 →

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 →

Nordic pension funds appear to be maintaining their exposure to Chinese equities at a time when some of their Australian counterparts are reducing theirs due to political risks, according to comments from four major pension funds in the region. Australian pension funds were reported by the Financial Times on MarchRead 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 →

“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 →

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 →

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 →

Two Dallas pension funds that manage billions of dollars in retirement benefits for city employees have at least $7 million in Russia-related investments. But the fund managers made no formal request to dispose of the assets after the city council voted last week to suspend the city’s ties with Russia.Read 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 →

The term tracks the funding gap which deprives UK SMEs of the finance they need to grow. Above all, this gap can widen in times of crisis, such as the economic uncertainty of the past two years caused by the Covid-19 pandemic. Currently, it is estimated that there is upRead More →

Although pension funds have come a long way in their use of ETFs, “ETF adoption in the pension industry is still in its infancy,” according to Adam Schenck, Managing Director and Managing Director of Milliman Chicago-based Financial Risk Management LLC, which underadvises approximately $6.6 billion in ETF assets for TransamericaRead More →

Australian pension funds are pulling out of Chinese stock markets amid fears that President Xi Jinping’s “common prosperity” policy has increased the risk of government interference in the private sector. Senior pensions executives told the Financial Times they fear that under the policy launched last year by Beijing in anRead 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 →

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 →

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 →

Minnesota lawmakers are pushing to sever all state financial ties to Russia following its attack on Ukraine, including withdrawing millions from state pension funds and indefinitely banning government agencies to conclude contracts with companies having ties with the Russian Federation. “We stand with Ukraine and free democracies around the worldRead 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 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 →

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 →

Just over 50% of UK pension funds hold some form of impact investing, a survey by Pensions for Purpose has found. The survey, sponsored by Big Society Capital, showed UK pension funds are increasingly considering impact investing, with 90% of respondents looking to make impact investments in the UK. SocialRead 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 →

register here for The 74’s daily newsletter. Donate here to support The 74’s independent journalism. Less than two weeks into Russia’s war in Ukraine, the geopolitical ripples of the conflict are heading in unexpected directions. Some are even felt by active and retired teachers, via their pension funds. Many 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 →

Understand the impact of the conflict in Ukraine from a cross-sector perspective with the Global Data Executive Briefing: Ukraine Conflict The Australian government has called on the country’s pension funds to review their investment portfolios and offload their holdings of Russian assets, Reuters reported. Russia’s ongoing invasion of Ukraine hasRead 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 →

Council pension funds are scrambling to divest millions of pounds of Russia-linked assets after its invasion of Ukraine, LGC research has found. Almost half of the 86 funds in the Local Government Pension Scheme in England and Wales have provided LGC with information on their response to the war, eitherRead 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 New Jersey state Senate is due to vote Thursday on a bill that would prevent New Jersey’s $98 billion pension fund, Trenton, from investing in a company ‘with an equity connection’ to Russia or Belarus or any government entity affiliated with these countries, depending on proposed legislation. The pensionRead More →

American pension funds want to do the right thing in light of Russian aggression and offload their investments there. But it’s not that easy, reports the Wall Street Journal. This is because stockbrokers avoid Russian stocks and bonds, making it difficult for investors to sell them. And the closing 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 →

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 →

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 →

From Japan to the United States, sanctions threaten the assets of Russia’s main pension funds – Risk.net Drawer end navigation content Skip to main content Major global pension funds may dump Moscow-linked holdings in response to Ukraine invasion Norway’s announcement that it would divest its sovereign wealth fund’s Russian assetsRead More →

The move comes as a growing number of national, local and international pension funds have sold their Russian assets or are planning to do so. In addition to the humanitarian concerns cited by McGuire, the The Russian financial market is in crisis after a series of international sanctions in responseRead More →

By David Barbuscia NEW YORK, Feb 25 (Reuters) – The California Public Employees’ Retirement System (CalPERS) and California State Teachers’ Retirement System (CalSTRS), the two largest U.S. pension funds, are exposed to Russian assets, which have suffered pressures after the invasion of Russia. Ukraine on Thursday, according to statements fromRead 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 →

Youth vs. Apocalypse student activists participate in a “die-in” outside the CalSTRS building in West Sacramento on Thursday, January 30, 2020, calling for the divestment of CalSTRS funds from fossil fuel companies, saying it will affect climate change and their future . Daniel Kim [email protected] A new state Senate proposalRead More →

Denmark’s major pension funds have defended themselves after being challenged by a campaign group over the amount they invest in fossil fuel companies – particularly in stocks that increase their capacity for fossil fuels. The non-governmental organization (NGO) ActionAid Denmark (Mellemfolkeligt Samvirke) has published a new report in recent daysRead More →

Content of the article A scale case reveals that large institutional investors are getting higher returns with lower risk Content of the article TORONTO — A new report released today by CEM Benchmarking (CEM), one of the world’s leading pension fund researchers, reveals how scale can lead to better investmentRead More →