LANSING, Mich. (FOX 2) – The Michigan Investment Board announced on Wednesday that it had unanimously approved moves to divest all state-owned assets in Russian and Belarusian businesses, following the invasion of Ukraine that sparked a wave of anger and condemnation towards President Vladimir Putin. According to the Treasury Department,Read More →
/cloudfront-us-east-1.images.arcpublishing.com/tgam/OV4ZSMFBVFDFROGAVW4MYAMF5I.JPG)
The Caisse de depot et placement du Quebec and other pension fund managers have acknowledged or disclosed that they have invested around $100 million or more in Russia, mostly through publicly traded stocks.Christinne Muschi/Christinne Muschi/The Globe and The derussification of Canada’s largest public pension plans is nearly complete. The country’sRead More →
Money Saving Expert founder Martin Lewis explained how private workplace pension plans work and advised everyone to change their policy immediately for easy gains. Video loading Video unavailable The video will start automatically soon8to cancel play now Martin Lewis urges viewers to use pension search service A simple change meansRead More →
America’s largest private-sector pension plans fared so poorly last year that they earned barely half the amount of the traditional balanced portfolio of low-risk, low-fee stocks and bonds. So report international retirement consultants Milliman & Co. That says a lot about the typical performance of U.S. corporate pension plans thatRead More →
Read: Liquidation of quantitative easing, inflation likely to benefit pension plans: expert Searching for the document, which was last updated in December 2021 and is currently undergoing a peer review process, the authors found that seven major Canadian pension funds were responsible for 60 % of total value of directRead More →
Defined benefit (DB) schemes at the UK’s largest listed companies remained stable in 2021 despite a “strange” year, according to the latest data. Mercer’s pension risk survey finds that the book deficit in DB pension schemes for the 350 UK companies listed on the FTSE ended the year at £76bn.Read More →
These days, managers of public pension plans like to brag about their “ethical” investment policies, for example when it comes to the environment or “diversity, equity and inclusion”. Meanwhile, they are pouring billions of dollars into secret private equity funds in search of additional profits. Now comes even more evidenceRead More →
Pension funds are starting to think they have a duty to look after their members in their old age, not just give them a large sum of money, says the head of pension investments at one of the UK’s largest funds. Maria Nazarova-Doyle, from Scottish Widows, said there was noRead More →
Market news Pension funds target road PPP projects Wednesday 08 December 2021 Zamara Group Chairman and CEO Sundeep Raichura speaks at the Panafric Hotel in Nairobi on October 18, 2018, during the Kenya Pension Fund Investment Consortium. PHOTO | SALATON NJAU | NMG By ELIZABETH KIVUVAMore from this author SummaryRead More →
The UK Pensions Minister and a group of pension providers have each written to 44 asset managers setting out their expectations of asset owners so that they have more of a say in voting at corporate meetings. In the letter, members – not all – of the Occupational Pensions SchemeRead More →
Pension funds and other investors in general see private debt as an attractive alternative “for liquidity premiums” in Switzerland and beyond, Anna Demarmels, business development manager at IFM Investors Switzerland, told IPE. IFM – an asset management company owned by 23 Australian pension funds – operates a global infrastructure debtRead More →
While the UK government has called on pension funds to support the country’s efforts to ‘build back better’, some schemes have had to limit their ambition to invest in UK green infrastructure due to the scarcity of offer, reported MandateWire, sister title to Pensions Expert. Speaking at the Global ResponsibleRead More →
Large funding gaps are driving pension plans to invest money in private assets in search of returns, increasing the risk of overloaded transactions and moderate earnings, a new study finds. The report from Amundi, Europe’s largest asset manager, and Create Research studied 152 defined benefit pension plans managing € 2.1Read More →
/cloudfront-us-east-1.images.arcpublishing.com/tgam/ZYHM2B5BFZMXDCDOV3ZB77CA2Y.jpg)
Can green investment save the planet? A new newsletter course from The Globe explores climate-friendly investing. Register today. The COP26 summit in Glasgow put major institutional investors in the spotlight as financiers of both climate change and solutions to combat it. With assets exceeding $ 2 trillion, Canada’s largest pensionRead More →
Band Mike Dolan LONDON, November 5 (Reuters) – Despite all the inflation angst, short-term interest rate volatility and central bank distraction, long-term bond yields remain calm – in part thanks to an old friend who will stick around for a long time. Loving bonds when fully funded, the behavior ofRead More →
Chancellor Rishi Sunak poses with the famous red box outside 11 Downing Street Chancellor Rishi Sunak has said he wants to change the way pension funds operate, allowing them to invest more in tech start-ups. Pension funds are crippled by regulations that limit them when it comes to investing inRead More →
British pension plans have around £ 128 billion invested in fossil fuels, which works out to around £ 1,916 for every person in the UK, according to a Friends of the Earth study. The report, Polluted pensions? Clean the air around UK pensions and fossil fuels, found that a typicalRead More →
Capital markets The participation of pension funds in the market is declining Tuesday, October 19, 2021 Absa Headquarters in Westlands, Nairobi. PHOTO FILE | NMG By ELIZABETH KIVUVAMore from this author Summary Pension plans have cut back investment in securities on the Covid-19 disruptions, dulling the participation of local investorsRead 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 →
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 →
Posted on 04/08/2021 In 2020, the MSCI China index returned 29.67% compared to 23.66% in 2019. In late July and early August 2021, the market value of Chinese stocks declined, as the Chinese Communist Party (CCP) marked its centenary with a harsh speech in Beijing. by Chinese President Xi Jinping.Read More →
Canadian corporate and public pension plans in the RBC Investor & Treasury Services universe posted a median gross return of 4.4% in the quarter ended June 30. A press release issued Thursday reported strong performance by Canadian equities, which generated a median gross return of 7.9% for the second quarter.Read More →
Pension funds are financial intermediaries that provide social insurance by providing income to policyholders after retirement. Often, they also provide death and disability benefits. Pension systems are important cornerstones of European household income during retirement. Pension funds also play a role in financial markets as institutional investors. For these reasons,Read More →
Large British pension funds should not wait until the next United Nations climate change conference, known as COP26, to commit to net zero targets to tackle climate change, the campaign said on Thursday at nonprofit Make My Money Matter. Make My Money Matter sent letters to 73 of the UK’sRead More →
All public pension plans in the United States should begin reporting their returns on a monthly basis to improve transparency of their funds, say researchers from Markov Processes International (MPI). Moving to monthly data reports is something the New Jersey-based investment researcher could help. The firm has developed its businessRead More →
UK pension plans have become “more and more focused on their goals – which are also becoming more achievable,” according to a recent survey by Aon. Aon’s 2021 Risk Settlement Survey – Journey to Settlement, which surveyed 120 UK pension schemes ranging in size from £ 50m (€ 58m) toRead More →
Bank of America Corp strategists say a “massive rotation” of corporate bonds from stocks may be on the horizon for US pension funds as they become fully funded. The investment gains pushed the capitalization ratio of the 100 biggest business plans to 98.8% in May, according to Milliman. This measureRead More →
By Maiya Keidan and Nia Williams TORONTO (Reuters) – Canada’s biggest pension plan managers increased their investments in the country’s top oil sands companies in the first quarter of 2021, raising questions about the funds’ recent pledges to green their portfolios. The nation’s top five pension funds’ cumulative investment inRead More →
/https://specials-images.forbesimg.com/imageserve/60a7bf898e94c4489e4708d1/0x0.jpg)
Forensic investigations reveal that gambling on expensive, high-risk and secretive alternatives … [+] Investments exposed pensions to significantly increased risk and reduced net returns. It’s time to stop the looting. getty Forensic investigations in Rhode Island, North Carolina, Kentucky and Ohio find gambling of 30% or more on high-cost, high-risk,Read More →
The funding status – a measure of the degree to which pensions have enough assets to meet liabilities – of the 100 companies tracked by Milliman was 88.4%. Since 2005, the funds have also increased their allocations to “other” investments, including private equity, real estate, hedge funds and money marketRead More →
Agecroft Partners, the hedge fund advisory and marketing specialist, put a positive outlook on reinsurance-related investments, via insurance-related securities (ILS), saying large pension funds are increasingly looking for more in addition to entry points into this market.Don Steinbrugge, founder and CEO of Agecroft Partners, explained recently that large institutional investors,Read More →
Savers will pay higher fees on their pension funds without guarantees of better returns under government plans to get schemes to invest to help revive the economy, the pensions industry has warned. The trade body representing 1,300 pension schemes issued the warning on Monday as it responded to proposals toRead More →
Environmental organizers from across the country are converging in northern Minnesota to support Indigenous Water Protectors to stop construction of the Line 3 pipeline expansion. People across the country are protesting, sending letters and call to demand that President Biden stop construction of Line 3 just as he called forRead More →
PENSION POLICY–Environmental organizers from across the country are converging in northern Minnesota to support Indigenous Water Protectors, to stop construction of the Line 3 pipeline expansion. Across the country, people are protesting, sending letters and calling to demand that President Biden stop construction of Line 3 just as he calledRead More →
The latest installment of the European Commission’s Sustainable Finance Action Plan went live last month, leaving pension funds in major EU jurisdictions uncertain about the precise meaning of the rules, according to research from the PEI. According to Morningstar, the SFDR (Sustainable Finance Disclosures Regulation) is an “essential element ofRead More →
PUBLIC sector pensions represent a quarter of the pensions owed to State households. New figures show that the total liability of public sector defined benefit plans was just under € 150 billion in 2018. This represents 25% of the state’s total pension obligations, according to the Central Statistics Office. DefinedRead More →
Good pensions fund good infrastructure. Good infrastructure pays for good pensions. This crucial relationship is only noticed when they both go missing, as the United States, United Kingdom, and several other countries discover. Having largely dismantled the company defined-benefit pensions of yesteryear, they are now struggling to turn fragmented individualRead More →
As they continue their denunciation campaign, the Human Rights Defenders Coalition (HRDC) has revealed that the administrator of the Malawian pension money is a Kenyan company, which the organization suspects of corruption in the way they have been awarded. Trapence: We urge the Anti-Corruption Bureau to suspend contract award andRead More →
The Oklahoma legislature overruled the governor’s veto on the state budget proposal, which aims to divert money from state pension plans to fund education needs. Governor Kevin Stitt vetoed the $7.7 billion budget for fiscal year 2021, as well as two additional state House bills that he said would takeRead More →
The global rout in financial markets this year is putting pressure on state and local government pension funds in the United States, many of which were already struggling to pay future retirement benefits for public sector workers. The hit to returns from pension systems for firefighters, police and civil servantsRead More →
Bombay : Canadian pension funds are seeking to exploit the private debt space in India, where a prolonged credit crunch is hampering companies’ ability to raise funds from traditional lending sources. This includes Canada’s largest pension fund manager, the Canada Pension Plan Investment Board (CPPIB), which, according to a DecemberRead More →
The retreat conclaves that were held around the turn of the decade were instructive affairs for people like me. This was the pre-National Pension System (NPS) era. Participants, typically policymakers, think tanks, fund managers and annuity providers, reflected on pension plan design, regulation, ecosystem and global best practices. Time wasRead More →
Millions of Canadians have had their pension funds allocated in offshore funds – without being properly informed, according to a report released yesterday. Canadian news organization Radio-Canada conducted an investigation based on the Paradise Papers leak which says it discovered that millions of ordinary Canadians have an interest in moneyRead More →
Palm-fringed islands, balmy weather, luxury yachts moored in azure blue waters – offshore tax havens evoke a wonderland for the well-heeled and their wealth. But a CBC investigation based on the Paradise Papers leak found that millions of ordinary Canadians also have an interest in money parked in tax havensRead More →
When you invest for your retirement through products such as the National Pension System (NPS) or a retirement plan offered by life insurance companies, the construction of the product is such that at the end of the investment period – at your retirement – you take the accumulated corpus toRead More →
/shutterstock_112522391-5bfc2b9846e0fb0051bde2d3.jpg)
In recent years, traditional retirement plans, also called pension funds, have been gradually disappearing from the private sector. Today, public sector employees, such as civil servants, are the largest group with active and growing pension funds. This article explains how other traditional pension plans work. Key points to remember TraditionalRead More →
/pension_fund-5bfc36d44cedfd0026c3b0c0.png)
A superannuation plan is a retirement plan that requires an employer to make contributions to a pool of funds set aside for a worker’s future benefits. The fund pool is invested in the employee’s name, and earnings on the investments generate income for the retired worker. Pension fund assets mustRead More →
Four years before the financial collapse, Goldman Sachs executive George Herbert Walker IV had much to be thankful for. “I have been fortunate enough to be part of the leadership teams of US restructuring, European privatizations, global pension management and now investments in hedge funds and private equity,” he saidRead More →