February 2022

Global retirement assets hit $56.6 trillion in 2021 – Thinking Ahead Institute

Global institutional retirement assets set a new record in 2021, reaching $56.6 trillion by the end of the year in the 22 largest markets, according to a study released Wednesday by the Thinking Ahead Institute in London. Read also US. A monumental year pushes assets up 17% In the largest markets, 54% of those assets are in defined contribution funds, the study found. Retirement asset totals by the end of 2021 were up 6.9% from a year earlier, when they first surpassed...

Dutch pension fund PFZW to end investment in some fossil fuel companies

PFZW, the Dutch health care workers' pension fund, on Wednesday said it would disinvest from any fossil fuel company by 2024 that doesn't have a "convincing and verifiable" strategy to reach the goals laid out in the Paris Climate Change agreement. The decision by PFZW, with 278 billion euros ($316 billion) in assets, follows similar moves by other asset managers to overhaul the way they invest as part of a global efforts to reach net-zero carbon emissions by 2050. Some have...

US. Pension Funds Chase Returns in Private-Market Debt

Retirement funds are clamoring to invest in private-market loans, hungry for an asset that can beat public markets while at the same time throwing off cash to help pay benefits. Read also US. Why Large Pension Funds Are Investing In Private Real Estate Two of the nation’s three biggest pension funds—those serving public workers in New York and California—have added private-credit allocation targets in the past two years. Across the U.S., state and local retirement funds with private-credit portfolios are expanding...

México. Los retiros por desempleo en las Afores pierden fuerza en enero

El monto retirado de las Afores por desempleo registró en enero su menor nivel en casi dos años. La Comisión Nacional del Sistema de Ahorro para el Retiro (Consar) informó este martes que en el primer mes del 2022 se retiraron 1,563.7 millones de pesos (mdp) de las Afores por este concepto, se trata del nivel más bajo desde marzo del 2020, cuando inició la pandemia de COVID-19. El monto retirado en enero también fue un 22% menos que en diciembre...

Colombia. Presidente de Asofondos propone unificar regímenes pensionales

Santiago Montenegro, presidente de Asofondos, presentó una propuesta para una nueva reforma pensional en el país. En el marco de la rendición de cuentas de la entidad de 2021, el funcionario sugirió unificar los regímenes pensionales. El directivo aseguró que la existencia de múltiples modalidades en Colombia, como Prima Media, Régimen de Ahorro Individual con Solidaridad, Capital y Garantía de Pensión Mínima (GPM), los BEPS y Colombia Mayor, no son viables sin cambios importantes. Leer también Colombia. Urge una reforma integral al sistema de pensiones: Asofondos “Nosotros...

España. El cambio de tramo de retenciones del IRPF absorbe hasta casi la mitad de la subida

La revalorización de las pensiones vendrá acompañada de una subida en la retención en el Impuesto sobre la Renta de las Personas Físicas que llevará a que parte de esa subida de las pensiones, retorne al Estado en forma de una mayor recaudación por impuestos. En concreto, la retención en la tributación de aquellos pensionistas que reciban una pensión media de jubilación subirá en medio punto, mientras que quienes reciban la pensión máxima de jubilación, verán cómo se incrementa la...

Colombia. Urge una reforma integral al sistema de pensiones: Asofondos

"El sistema de pensiones requiere de una reforma integral con urgencia", afirmó el presidente de Asofondos, Santiago Montenegro, durante la rendición de cuentas del gremio de los fondos privados (Colfondos, Porvenir, Protección y Skandia). De acuerdo con el dirigente, actualmente hay una baja cobertura y el hueco fiscal del régimen público ha venido creciendo tras ubicarse en unos $40 billones. En Colombia hay dos regímenes pensionales que son el Régimen de Prima Media (RPM), que es de carácter público y opera...

UK. Women face gap of £7,500 per year and state pension delay

The gender gap in terms of pensions, savings and earnings is a palpable one which can impact women for their entire lives. But it could rear its ugly head even more so in later life, as women face the reality of scrimping and saving just to make ends meet. Founder and CEO of Unbiased, Karen Barrett, spoke exclusively to Express.co.uk to highlight the issues facing women. She said: “A generation of women near retirement is facing the reality that they won’t...

Canada’s largest pension fund CPPIB takes engagement approach to net-zero

The Canada Pension Plan Investment Board, better known as CPP Investments or CPPIB, announced net-zero greenhouse gas (GHG) emission goals by 2050 through a decarbonisation approach focused on influencing transition within high-emitting sectors as opposed to divestment. Read also US. Pension plans increasing their focus on allocating to diverse asset managers The plan also includes increasing its investments into green and transition assets from $67 billion to $130 billion by 2030 and a carbon neutrality goal by the end of the...

US. Why Large Pension Funds Are Investing In Private Real Estate

Real estate agents and investors across the country, from California to Florida, have noticed an uptick in offers submitted by institutional investors (paywall). Large pension funds are competing with investors and homeowners to buy everything: single-family homes, multifamily, commercial spaces — few asset classes are exempt. These deep pockets cannot resist the action, and for good reason. As the co-founder of a company that invests in private real estate, I’ve seen how property investments can provide greater diversification, income...