October 2021
20Oct

US. Allianz, Calpers to Cut Portfolio Emissions by Up to 30% by 2025

By 2025, 29 of the world’s biggest pension funds and investment firms, including Allianz SE and the  California Public Employees’ Retirement System, intend to have cut the emissions of their portfolio holdings by at least 25%. The targets, which cover publicly-traded equities, corporate bonds and real estate portfolios, were announced in a statement Wednesday by the Net Zero Asset Owner Alliance, which was convened by the United Nations. Other firms that are part of the group and have also made such  a commitment include  Aviva Plc and Swiss Re AG. Eliminating emissions generated from their holdings has...

October 20, 2021
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19Oct

2021 Mercer CFA Institute Global Pension Index

By Mercer & CFA Institute The impact of the COVID-19 pandemic continues to affect the well-being of millions of individuals around the world. Its effects, however, are not confined to the health systems or those who contract the virus. There are broader economic effects with higher government debt and restricted economic activity in many countries. While it would be easy for governments to concentrate on these short term challenges, it would be a mistake to do so. With ageing populations,...

October 19, 2021
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19Oct

Los sistemas latinoamericanos en el ranking de Pensiones de Melbourne Mercer 2021

El año pasado el sistema de pensiones de Chile bajó del top 10 mundial, y este año cayó del top 15. Eso es lo que revela la decimotercera versión del Índice Mundial de Pensiones de Melbourne Mercer 2021, donde el país bajó del lugar 12 al 16, dentro de un ranking que considera a 43 naciones. Pese a lo anterior, Chile sigue liderando en Latinoamérica y su puntaje se mantuvo igual que en la edición anterior, en 67 puntos, ya...

October 19, 2021
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19Oct

These Are the World’s Best (And Worst) Pension Systems in 2021

Iceland has the best pension system in the world, according to a global study that shines a light on how nations are preparing their aging populations for retirement. The country took the top spot in the Mercer CFA Institute Global Pension Index published Tuesday, drawing praise for being well governed and providing strong benefits to retirees, including a generous state pension. The Netherlands and Denmark came in second and third respectively after holding the top spots for the past decade. Read...

October 19, 2021
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19Oct

Canada. Why more retirees are looking to green their retirement portfolios

Many greying Canadians are adding a green hue to their investment portfolios to make money, manage risk and leave a better world for their children and grandchildren. Responsible investing – which considers both financial returns and social/environmental good – has long been on the radar of baby boomers and Gen Xers, with ethical mutual funds being widely available since the 1990s. Still, it was often seen as a niche strategy that potentially added risk to an investment portfolio. Consequently, considering only...

October 19, 2021
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19Oct

India’s pension system needs impetus to ensure adequate retirement income: study

India needs to undertake strategic reforms to revamp the pension system so as to ensure adequate retirement income, revealed the 2021 Mercer CFA Global Pension Index survey (MCGPI) released on Tuesday. The Indian pension system ranked 40th on the overall index ranking out of 43 systems and had the lowest rank in the adequacy sub-index. The primary objective of this annual survey by Mercer Consulting, a leading global management consulting firm, is to benchmark each retirement income system using more...

October 19, 2021
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19Oct

Irish pensions system at risk, new study says

The €5 hike in the State pension in last week’s budget, along with delays in increasing retirement age and introducing automatic enrolment into savings plans, all threaten the sustainability of the pensions system over the long term, according to a new study. The Mercer study points to considerable future challenges as the population ages due to the topping up of what is described as a “generous” pensions system, and a failure to address core issues. Also adding to the problem is...

October 19, 2021
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15Oct

Pensions and ESG: An Institutional and Historical Perspective

By P. Brett Hammond & Amy O'Brien Sustainable investing is growing into its moment. Funded pensions, which were among the first institutions to respond to sustainability concerns, are showing renewed interest in better ways to reflect responsible investing objectives, along with regulators, asset managers and shareholder groups. Looking back, the principal elements of sustainability—environmental, social and governance (ESG)—all have different origins and took different pathways. Looking across, sustainable investing developed differently depending on region and country. Viewing it today, we...

October 15, 2021
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14Oct

U.S. Labor Department proposes counter rule to Trump-era investment measures

The U.S. Department of Labor on Wednesday proposed a rule aimed to override a pair of Trump-era measures that had barred retirement and pension plans from considering climate change and other environmental, social and governance (ESG) factors when they select investments. Read also U.S. Labor Department proposes counter rule to Trump-era investment measures The DOL proposal, which is subject to a 60-comment period before it can be adopted, comes after the agency in March said it would not enforce the 2020...

October 14, 2021
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13Oct

Principios ESG y Cadena de Valor: del Reporting al Impacto Social

Por Cátedra de Impacto Social, Comillas ICADE, Open Value Fundation, Repsol Fundación & Managenet Solutions El propósito de las empresas ¿Para qué existen las empresas? ¿Cuál es su finalidad? ¿Cuál es realmente el elemento esencial que vertebra y determina la actividad empresarial? Todas estas cuestiones, hacen referencia al propósito empresarial. Este concepto va más allá de las misiones y visiones, recursos utilizados actualmente como elementos clave que orientan las estrategias de las compañías y que pretenden dar respuesta a los...

October 13, 2021
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