Pension Management Archives - Page 7 of 98 - Pension Policy International

28OctOctober 28, 2024

Uruguay Elections: majority rejects pension reform and two candidates move on to the second round.

Early exit polls suggested opposition centre-left candidate Orsi had secured 44% of the vote, followed by Delgado's 27% for the ruling coalition and 16% for young conservative social media expert Andres Ojeda. Early exit polls in Uruguay's election suggest centre-left opposition candidate Yamandu Orsi is ahead of conservative rival Alvaro Delgado and a run-off vote is likely to be needed for a direct duel. Orsi had obtained 44% of the votes, according to an exit poll by Cifra, followed by Delgado's...

October 28, 2024

NewsPension Management, Pension Reform, Uruguay

24OctOctober 24, 2024

Pensionbee’s strategic US expansion backed by £20m funding as fintech eyes global pension market

Pensionbee, the online retirement savings provider, reported positive adjusted earnings in the last quarter and raised £20m for its US expansion. The London-based fintech firm saw a revenue increase in the third quarter, jumping to £9m from £6m the previous year. The company anticipates breaking even on an adjusted EBITDA basis by 2024. For the third quarter, it recorded its second consecutive quarter of positive adjusted EBITDA at £1m, as reported by City AM The firm also reported £5.5bn in assets under...

October 24, 2024

NewsFintech, Pension Management, UK

23OctOctober 23, 2024

New pension longevity model launched by Oliver Wyman and Mercer

Oliver Wyman and Mercer, businesses of Marsh McLennan, has launched a new pension risk transfer (PRT) longevity model that will enable pension plan sponsors, direct insurers and reinsurers to better price and manage longevity risk. Drawing on Mercer’s US longevity dataset of over one million pension lives, the model leverages the combined actuarial strength and longevity expertise of Oliver Wyman and Mercer. It also incorporates socioeconomic and demographic factors to generate a granular view of longevity risk. The underlying technology of the...

October 23, 2024

NewsPension Management, PRT

22OctOctober 22, 2024

$1.5 Trillion U.K. Pension Fund Eyes Entry into Crypto Tokenization

Legal & General (L&G), a major UK-based pension and investment management firm, is considering entering the blockchain tokenization market. With $1.5 trillion in assets under management, the company is considering how it can package its Legal & General Investment Management (LGIM) liquidity funds in a tokenized manner. Tokenization is the process of transforming tangible assets such as property, natural resources such as oil and gas and even paintings into digital tokens. This makes it possible for the average investor to own...

October 22, 2024

NewsBlockchain, Pension Management, UK

15OctOctober 15, 2024

UK. Govt launches National Wealth Fund to drive pension fund investment

The government has officially launched the National Wealth Fund and announced reforms to other public institutions to encourage additional pension fund investment into high-growth UK companies. The UK Infrastructure Bank is to be overhauled and rebranded as the National Wealth Fund. The announcement was made by chancellor Rachel Reeves at the government’s International Investment Summit in London yesterday (14 October). The fund is to receive £27.8bn and an expanded investment remit to support the government’s new industrial strategy, also announced yesterday. Its remit...

October 15, 2024

NewsInvestment, Pension Management, UK

15OctOctober 15, 2024

UK. PASA launches pensions dashboards toolkit

PASA today published the first content in its new ‘Dashboards Toolkit’. The Toolkit will be updated over time and the first releases include: A questionnaire for trustees to issue to their AVC providers in advance of connecting their scheme AVCs to dashboards A checklist and suggested list of activities for administrators to connect to and maintain AVC data A list of AVC providers and their connection methods Geraldine Brassett, Chair of the PASA Dashboards Scheme Configuration sub-group, commented: “PASA has...

October 15, 2024

NewsPension Management, Technology, UK

14OctOctober 14, 2024

30% of young Koreans support abolition of national pension system: poll

About 30 percent of Koreans, aged between 18 and 49, support the abolition of the national pension system amid waning public trust in the fund, a recent poll shows. According to a survey, released on Sunday, people in those age groups share a distrust of the sustainability of the fund, which is expected to be depleted around 30 years in the future. Asked to choose one of four options to improve its financial soundness — increasing the premium rate, focusing on...

October 14, 2024

Newskorea, Pension Management

14OctOctober 14, 2024

US. What Does Inflation’s New Normal Mean for Public Pension Funds?

September’s Federal Reserve interest rate cut was meant to signal a win in the battle against inflation. With the highest inflationary peak in decades behind us, there was palpable relief at the idea of rates coming down. That may be especially true for public pension plan participants and plan sponsors. Over the past few years, more retiree groups have pushed for cost-of-living adjustments for their retirement benefits, as inflation eroded pension benefits. Some have been successful at getting ad hoc...

October 14, 2024

NewsInflation, Pension Management, US

03OctOctober 3, 2024

UK. FCA: ‘We’ve raised the bar, we never expected all funds to get SDR label’

There is a “healthy pipeline” of funds applying for SDR investment labels, in line with where the regulator expected the market to be at this stage, the Financial Conduct Authority has said. Alicia Kedzierski, head of sustainable finance at the FCA, told delegates at the UKSIF Good Money Week conference 10 labels had been awarded as of yesterday (October 2) and many more were in the pipeline. Though she could not say how many labels the regulator expects to authorise before...

October 3, 2024

NewsPension Management, Sustainability, UK

01OctOctober 1, 2024

UK. Industry must work to improve communication on sustainable pensions

There is an “enormous amount of work” to do to improve communication with savers about sustainable pensions, Harmonics founder and CEO, John Dithfield, has argued. Speaking at a Good Money Week event yesterday (September 30), Dithfield discussed the complexities of sustainable pensions and how difficult it can be for savers to fully understand them. “What should savers look for in a pension? I think it is very difficult really,” he said. “The real problem for people is the complexity of understanding what’s...

October 1, 2024

NewsESG, Pension Management, Sustainability, UK

October 2024