Pension funds in Denmark and New York on Wednesday expressed their displeasure with Toyota Motor Co. over what they see as lobbying activity that is slowing a green transition. “We are extremely concerned that Toyota’s lobbying activities are misaligned with its climate goals and electric vehicle strategy,” said New YorkRead 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 →

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 →

Hedge fund and private equity managers are complaining to anyone who will listen (mostly Republican senators) that Gary Gensler’s plans to shed additional light on the opacities of their art more or less portend the end of the civilization. Rules that would require more uniform disclosures and subject funds toRead 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 →

Discussions on attracting much-needed investment to Africa have generally focused on non-African sources: foreign companies, multilateral financial institutions and non-African institutional investors. Yet much more attention is now being given to investment funds based on the continent itself. As the size of African pension and social security funds grows, theyRead More →

This marks another milestone in the push to be “green” when investing. Plan members already expect to see a responsible investment approach from their managers, adding to the pressure on administrators to produce a cohesive and measured sustainability strategy. These disclosures will further fuel a movement toward responsible pension investing.Read 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 →

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 →

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 →

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 →

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 →

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 →

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 →