Corporate Governance Archives - Page 5 of 13 - Pension Policy International

01JunJune 1, 2022

The Rise Of Green Pension Funds

This marks another milestone in the pressure to be ‘green’ when investing. Scheme members are already expecting to see a responsible investment approach from their managers, adding to the pressure for trustees to produce a coherent and measured sustainability strategy. These disclosures will further fuel a movement towards responsible pension investing. In July 2021, pensions minister Guy Opperman described climate change in no uncertain terms, as a “major systemic financial risk and threat to the long-term sustainability of UK private...

June 1, 2022

News2022, Climate crisis, Corporate Governance, ESG

19MayMay 19, 2022

People and Investor Attention to Climate Change

By Mauro Aliano, Franco Fiordelisi, Giuseppe Galloppo & Viktoriia Paimanova This paper empirically studies whether people and investors globally really see climate change as a major threat, as defined by United Nations Framework Convention on Climate Change. Our identification strategy aims to investigate two research questions: (1) whether people attention to Climate Change varies depending on local natural disasters and (2) how does the climate change attention affect the stock price of local firms and, thus, the investors’ trading behavior....

May 19, 2022

Articles, Investing, Savings2022, Climate crisis, Corporate Governance, Pension design

18MayMay 18, 2022

US. Allianz subsidiary pleads guilty over a $7 billion investment implosion.

The German insurance firm Allianz will pay more than $6 billion over the implosion of a group of hedge funds two years ago that stuck public pensions, religious organizations, foundations and other investors with heavy losses. Read also US. DoL Urged to Help Pension Plans Make Climate Impact An American subsidiary of the insurer, Allianz Global Investors U.S., pleaded guilty Tuesday to securities fraud for failing to stop the scheme, which came to light after the funds collapsed early in the...

May 18, 2022

News2022, Corporate Governance, Investment, US

13MayMay 13, 2022

Are pension funds transparent enough about their investments?

The latest report from the UN’s Intergovernmental Panel on Climate Change, published in April 2022, made clear that the window for preventing the worst of climate change is closing fast. Plans already in place are not enough to limit global warming to 1.5C above pre-industrial levels, said the report, and more must be done to accelerate the energy transition. These efforts will require huge levels of capital. The UN has estimated that $90trn in infrastructure investment alone is needed by...

May 13, 2022

News2022, Climate crisis, Corporate Governance, Investment, Pension design

13MayMay 13, 2022

UK. 12 pension funds launch EM climate collaboration

A group of 12 UK pension funds convened by the Church of England (CofE) Pensions Board have teamed up in a bid to find ways in which to support the climate transition in emerging markets. The schemes include the £83bn Universities' Superannuation Scheme; the £57bn BT Pension Fund; Railpen, which manages the £37bn of assets; the £35bn Brunel Pension Partnership; the £55bn Border to Coast Pension Partnership; Nest, which has £24bn; and the £30bn Legal & General Workplace Pension Plan...

May 13, 2022

News2022, Corporate Governance, ESG, Investment, UK

12MayMay 12, 2022

Pensions and the green transition: policy and political issues at stake

By David Natali, Michele Raitano & Giulia Valenti Pension policy has gone through an intense period of reform over the past few decades. However, further changes are likely to take place in the near future. Major global trends, not only population ageing but also globalisation, technological innovation and climate change, are going to shape socioeconomic and labour organisation and influence macroeconomic trends and will thus have an impact on the adequacy and long-term sustainability of pension policy. This paper focuses on...

May 12, 2022

Books, Investment, Pension Management2022, Aging, Climate crisis, Corporate Governance, ESG

12MayMay 12, 2022

The DC Future Book 2021: In Association With Columbia Threadneedle Investments

By Pension Police Institute & Investments Columbia Threadneedle Columbia Threadneedle Investments has supported The DC Future Book since its inaugural publication six years ago. We are pleased to see that it has become the foremost longitudinal study of the UK Defined Contribution (DC) market we envisaged it to be. This is a special edition indeed – it is the first time that the Pensions Policy Institute has been able to track DC market activity against the backdrop of a major crisis....

May 12, 2022

Books, Investment, Pension design, Pension Management2022, Adequacy, Corporate Governance, Defined Contribution, ESG, UK

12MayMay 12, 2022

UK. 60% of pension funds don’t expect to meet net zero goals

Sixty per cent of a group of large pension funds across North America, Europe and Australasia believe they will fail to achieve their net zero goals under current conditions, new research has revealed. This pessimistic outlook — disclosed by Create-Research, which surveyed 50 large funds that collectively manage €3.3tn (£2.9tn) in assets — comes despite more than half of those surveyed having either already embedded or are in the process of incorporating net zero strategies into their portfolios. The findings will...

May 12, 2022

News2022, Climate crisis, Corporate Governance, UK

05MayMay 5, 2022

Zimbabwe: Pensioners Lose Billions to Financial Abuse

Zimbabwe´s senior citizens have been getting swindled out of billions of United States dollars and the trend is only getting worse as inflation sinks its teeth deep into their pockets. Read also Kenya. Cash-strapped KBC fails to remit Sh984m in pension This came out during a debate in the National Assembly over the Insurance and Pensioners Amendment Bill. Former finance minister Tendai Biti, contributing to the debate, claimed at least US$9 billion worth of pensioners funds has been lost in the past...

May 5, 2022

News2022, Corporate Governance, Payout, Zimbabwe

28AprApril 28, 2022

The New Corporate Governance

By Oliver D. Hart & Luigi Zingales In the last few years, there has been a dramatic increase in shareholder engagement on environmental and social issues. In some cases shareholders are pushing companies to take actions that may reduce market value. It is hard to understand this behavior using the dominant corporate governance paradigm based on shareholder value maximization. We explain how jurisprudence has sustained this criterion in spite of its economic weaknesses. To overcome these weaknesses we propose the...

April 28, 2022

Articles, Investment, Pension Management2022, Climate crisis, Corporate Governance, Equality, ESG, Yields

June 2022

The Rise Of Green Pension Funds

May 2022

People and Investor Attention to Climate Change

US. Allianz subsidiary pleads guilty over a $7 billion investment implosion.

Are pension funds transparent enough about their investments?

UK. 12 pension funds launch EM climate collaboration

Pensions and the green transition: policy and political issues at stake

The DC Future Book 2021: In Association With Columbia Threadneedle Investments

UK. 60% of pension funds don’t expect to meet net zero goals

Zimbabwe: Pensioners Lose Billions to Financial Abuse

April 2022

The New Corporate Governance