September 2022
09Sep

Designing Successful Target Date Strategies for Defined Contribution Plans

By Schaus, Gross The ultimate guidebook for navigating the new world of pensions and retirement plans In the wake of the explosive growth of defined contribution (DC) plans invested with target date strategies, and the understanding of how important these strategies can be in effectively meeting retirement income goals, plan sponsors are seeking more optimal target date approaches. This timely book provides you with in-depth answers from the nation's most qualified and experienced experts to pressing questions about DC plan design. Read...

September 9, 2022
Books, Books, Investing,
Read more...
07Sep

Reducing portfolio volatility is top priority for European pension funds

European pension funds say reducing absolute portfolio volatility is their top risk management priority, as geopolitical tensions and high inflation continue to impact global investment markets. This is according to new research from Alpha Real Capital. Nearly half (46%) of European pension fund professionals interviewed, who collectively manage €324 billion in assets under management, say increasing portfolio diversification is their top strategic asset allocation priority. Meanwhile, more than a quarter (28%) of respondents say their priority is to increase expected...

September 7, 2022
News, ,
Read more...
06Sep

Strong dollar boosts some plans, but hurts others

A stronger dollar made U.S. funds the standout performers in Pensions & Investments and Willis Towers Watson PLC's Thinking Ahead Institute's latest tally of the world's 300 largest retirement funds, and made itself felt across a range of key survey results. For example, in prior surveys, bigger retirement funds consistently outperformed smaller funds. And for the five years ended Dec. 31, the 20 biggest retirement funds had annualized gains of 8.8%, ahead of the broader 300's 8.5% gains. But with currency...

September 6, 2022
News
Read more...
06Sep

The world’s largest retirement funds: 2022

Ranked by total assets, in millions. U.S. fund data are as of Sept. 30, 2021, from the P&I 1,000, published Feb. 14; non-U.S. fund data are as of Dec. 31, unless otherwise noted. Defined benefit and defined contribution breakouts were not available or applicable to all non-U.S. funds. Rank Fund Country Assets DB assets DC assets 1 Government Pension Investment Japan $1,730,900 $1,730,900 2 Government Pension Fund Norway $1,437,111 3 National Pension South Korea $797,968 $797,968 4 Federal Retirement Thrift U.S. $774,176 $774,176 5 ABP Netherlands $630,358 $630,358 Read More @Pionline 252 views

September 6, 2022
News
Read more...
05Sep

$23.6 trillion in assets sets record for plans

World's largest retirement plans grow 8.9% as the era of easy money ends Assets of the world's 300 largest retirement plans rose 8.9% last year to a record $23.6 trillion, in what could prove a bittersweet end to an unprecedented era of easy money, according to the latest annual survey by Pensions & Investments and Willis Towers Watson PLC's Thinking Ahead Institute. Last year's healthy gain was smaller than the 11.5% surge logged in 2020, when policymakers around the world put...

September 5, 2022
News
Read more...

August 2022
31Aug

US. Pension officials want Visa and Mastercard help track suspicious gun purchases

Top New York City and California pension officials want payments processors Visa Inc, Mastercard Inc and American Express to create a new tool to track suspicious gun purchases. Staff for New York City Comptroller Brad Lander, who oversees pension funds, said he has filed shareholder resolutions at Mastercard and American Express asking their boards to explain their views on whether to add a new "merchant category code" for firearms stores. Lander and a California State Teachers' Retirement System portfolio manager made...

August 31, 2022
News,
Read more...
31Aug

UK. Pensions industry urged to join forces to address adequacy concerns

The pensions industry has been urged to work together to reach a consensus on how to deal with the issue of under saving, after a report from B&CE found that 61 per cent of households and nearly two thirds (63 per cent) of individuals aren’t saving enough for retirement. The analysis, based on data from the ONS Wealth and Assets Survey, found that 68 per cent of Generation X workers aren’t saving enough, rising to 76 per cent amongst Millenials,...

August 31, 2022
News, , ,
Read more...
30Aug

Vanguard moves a third of $25.4 billion high-yield fund in-house

Vanguard Group has shifted management of one-third of the assets of its Vanguard High-Yield Corporate Fund to its internal fixed-income group from Wellington Management, which will continue to manage the remaining two-thirds. The High-Yield Corporate Fund had $25.4 billion in total net assets as of July 31, according to Vanguard's website. Wellington previously managed the entire fund. Jessica Schifalacqua, a spokeswoman for Vanguard, said by email that the fixed-income group's "long-term and disciplined approach is a natural complement to Wellington Management...

August 30, 2022
News, ,
Read more...
29Aug

Nigeria. PenCom to provide health insurance for micro pension contributors

The National Pension Commission (PenCom) says it is planning to provide incentives to contributors under the micro pension plan (MPP). The commission said incentives such as health insurance would increase participation in the scheme. Aisha Dahir-Umar, director-general of PenCom, said this at a recent workshop for journalists in Abuja. Dahir-Umar said the MPP was implemented to curb old-age poverty by assisting informal sector workers, including small-scale businesses, entertainers, professionals, petty traders, and others. Also you may interesting in Japan’s GPIF joins GRESB as infrastructure...

August 29, 2022
News, , ,
Read more...
26Aug

Mercer’s Asia Retirement Survey Report

By Mercer Conducted over 2019 to 2021, this series leverages our client base across Asia, and aims to bring together common issues in retirement security that Asia business leaders, HR and Finance partners can take action on. In combination, we have surveyed views from more than 700 employers from all industries, with responsibility for the well-being of over 120,000 employees. Get the report here

August 26, 2022
Books, Pension design, , , ,
Read more...