April 2024

Progress and priorities: reviewing sustainability in key pension systems

Pension funds are long-term investors and their ability to generate long-term returns relies on the performance of the markets and economies in which they invest. Because sustainability factors such as climate change and biodiversity loss threaten the performance of the markets and economies on which they rely for financial returns, pension funds have a responsibility to consider whether sustainability-related risks will inhibit their ability to protect long-term value and provide an adequate pension to their members or beneficiaries. Accordingly,...

Retirement insecurity 2024 americans’ views of retirement

By Dan Doonan & Kelly Kenneally T he ground is shifting when it comes to retirement. Most Americans are experiencing increased financial pressures "I am scared to be broke." Dream. Eighty-three percent of Americans say that all workers should have a pension so they can be and low levels of retirement savings. Amid growing concerns about Americans’ retirement readiness, policymakers recently enacted measures to help address the grave savings shortfall. On the federal level, Congress passed important retirement legislation in...

The future of life expectancy

By Prachi Patkee & Adam Strange Human longevity is one of the great success stories of the past century, and there is broad consensus that there are further gains to come. Mortality improvement forecasts underpin the insurance industry's long-term mortality and longevity lines of business. To generate long term forecasts, defined as beyond 20 years, a holistic view of the factors that influence mortality, which combine analyses of historic trends with a forward-looking view of medical advances, societal changes and...

2023 Corporate Pension Funding Study

By Zorast Wadia, Alan H. Perry & Richard J. Botelli Jr The 2023 edition of the Milliman Corporate Pension Funding Study (PFS) is our 23rd annual analysis of the financial disclosures of the 100 U.S. public companies sponsoring the largest defined benefit (DB) pension plans. These 100 companies are ranked highest to lowest by the value of their pension assets as of the end of fiscal year (FY) 2022. These values have been reported to the public, to shareholders, and to...

March 2024

Global top 300 pension funds

By Thinking Ahead Institute The global top 300 pension funds is an annual study conducted by the Thinking Ahead Institute, in conjunction with Pensions and Investments. The research highlights high-level trends in the pension fund industry and provides information on how the characteristics of these top funds have changed. Get the report here

Report on long term investing of large pension funds and public pension reserve funds 2023: Annual Survey of Large Pension Funds and Public Pension Reserve Funds

By Organization for Economic Co-operation and Development This is the tenth edition of the OECD survey of large pension funds and public pension reserve funds that collects long-term investment data since it was first published in 2011. The scope of this report covers 87 public and private pension funds from 34 countries. This survey is based on a qualitative questionnaire sent directly to large pension funds and public pension reserve funds. It covers the infrastructure investments made by large pension...

Fertility, mortality, migration, and population scenarios for 195 countries and territories from 2017 to 2100: a forecasting analysis for the Global Burden of Disease Study

By Prof Stein Emil Vollset, DrPH, Emily Goren, PhD, Chun-Wei Yuan, PhD, Jackie Cao, MS, Amanda E Smith, MPA, Thomas Hsiao, BS, Catherine Bisignano, MPH, Gulrez S Azhar, PhD, Emma Castro, MS, Julian Chalek, BS, Andrew J Dolgert, PhD, Tahvi Frank, MPH, Kai Fukutaki, BA, Prof Simon I Hay, FMedSci, Prof Rafael Lozano, MD, Prof Ali H Mokdad, PhD, Vishnu Nandakumar, MS, Maxwell Pierce, BS, Martin Pletcher, BS, Toshana Robalik, BSc, Krista M Steuben, MS, Han Yong Wunrow, BSc,...

U.S. Pension Risk Transfer. 2023 Reflections and Looking Ahead

By AON The U.S. pension risk transfer (PRT) market saw another record-breaking year in 2023. After setting record highs for total premium in 2021 and 2022, the market set a new high-water mark for the total number of transactions in 2023 with 773 deals closing during the calendar year. These transactions resulted in $45 billion of premium transferred. Since 2012, $318 billion of pension obligations have transferred from plan sponsors to insurance companies. On the other side of the equation, insurer...

The next stage of ESG evolution in the pension landscape

By Investment Institute A juggernaut that’s losing momentum or just refiring its engine? This question on ESG investing has come to the fore due to a confluence of exceptional events in 2022. After meeting investors’ return expectations since the 2015 Paris Agreement, last year’s savage bear market hit a broad range of investment strategies, no matter their intrinsic merits. ESG was no exception. The episode showed that ESG investments are exposed to periodic setbacks due to a larger dynamic that has little to do with...

OECD/INFE 2023 International Survey of Adult Financial Literacy

By OECD Understanding current levels of financial literacy and needs is key for the effective development of financial literacy strategies and programmes. This report presents the results of an international survey of financial literacy levels among adults. A total of 39 countries and economies, of which 20 are OECD member countries, participated in this third coordinated measurement exercise using the globally recognized OECD/INFE 2022 Toolkit for Measuring Financial Literacy and Financial Inclusion to measure financial literacy levels among their adult...