October 2019

Melbourne Mercer Global Pension Index 2019 (MMGPI)

Ageing populations continue to be a significant issue for many economies as we are living longer and fertility rates continue to decline. Pension systems are becoming more important than ever as households want to maintain their living standards throughout retirement. But how is this possible, especially within the economic environment of low interest rates and reduced economic growth? There are implications for employers, employees, governments, as well as the pension funds. Pension reform is being considered in many countries,...

U.S. pension funds took positions in blacklisted Chinese surveillance company

Some of the biggest public pensions funds in the United States have invested in one of the world’s largest purveyors of video surveillance systems that the U.S. government claims are used in wide-scale repression of the Muslim population of western China. Read also US. White House Focuses on China Stock Limits in Retirement Fund The Trump administration’s decision to put the company, Hangzhou Hikvision Digital Technology Co (002415.SZ), on a blacklist last week has prompted at least two of...

US. GM, Pension Funds, And The Temptations Of Big Pots Of Money

The UAW’s strike against General Motors has now entered into its fifth week, with no indication of a resolution soon, as the UAW pushes to increase wages of its lower-seniority workers and move more workers away from their temporary status and the company focuses on using its profits to make investments in U.S. factories. Earlier, in late September, various of the Democratic presidential candidates joined the picket lines to show their support for the strikers. And in the midst...

The Quest for Sustainability in Contingent Pension Plans

By Barry Gros, Barbara Sanders The types of pension plans offered to Canadian employees are changing. As membership in traditional defined-benefit pension plans declines, plans in which benefits are contingent on the financial status of the plan are becoming more common. Rather than placing all the risk on sponsors to deliver guaranteed benefits to members, these contingent pension plans require members to take on at least some of the risk that benefits may or may not meet expectations. At...

Assets of Romanian pension funds up 26% YOY at end-June

The total assets managed by private pension fund managers (mandatory and voluntary) reached RON 57.43 billion (EUR 12.13 billion) at the end of June, up almost 26% year-on-year, according to data released by the Financial Supervisory Authority (ASF). The ratio of private pensions assets to GDP was 5.80% at the end of June, up from 5.22% at the end of last year. “Private pension funds are important institutional investors in the economy, and the investments they made on the...

Pension Insurance Market Size 2019: Demand, Type, Applications, Share, Global Growth Opportunities, Potential, Trends & Industry Forecast to 2026

By Morris Beck Global Pension Insurance Market Status & Trend Report 2013-2023 Top 20 Countries Data offers a comprehensive analysis on Pension Insurance industry, standing on the reader’s perspective, delivering detailed market data in Global major 20 countries and penetrating insights. No matter the client is industry insider, potential entrant or investor, the report will provides useful data and information. The report segments the Global Pension Insurance market as: Global Pension Insurance Market: Type Segment Analysis (Consumption Volume, Average Price,...

Pension Funds Sink Billions Into a Whole New World of Risk

For decades Dutch pension cash flowed to the place most likely to deliver steady and safe returns: government bonds. No longer. Now the investor behind the Netherlands’ biggest pension fund is channeling retirement savings to a Belgian airport, a bicycle parking lot in Utrecht and toll roads in the U.S. and Spain. “Because of low interest rates, we have to cast our nets far and wide to search for returns,” said Thijs Knaap, senior investment strategist at APG Asset...

NBC Ghana Trust CEO calls for transparency in Pension Trustee Administration

The Chief Executive Officer of Negotiated Benefits Trust Company Limited (NBC Ghana Trust), William Asiedu Yeboah, has called for transparency in corporate and individual trustee administration following the impact of the recent banking reforms undertaken by the Bank of Ghana. Mr. Yeboah explained that “the trustees (corporate and individual) licensed are required to provide regular reports on all aspects of the fund administration and investment activities. Regular audits are required in addition to robust data management systems. Annual audits...

Australia. Super industry reacts to Treasury’s Retirement Review

Super industry experts have reacted positively to the Treasury’s announcement of a retirement income review, the first review of the superannuation industry in 30 years, but say they want the Government to stick to its existing planned reforms. The Retirement Income Review was announced by the Treasurer Josh Frydenberg and will examine the interaction between the age pension, compulsory super and voluntary savings. The Productivity Commission had previously urged the Government to undertake the review before increasing the superannuation guarantee (SG)...

September 2019

Japan. Investors Await Naming of CIO at World’s Largest Pension Fund

Japan’s Government Pension Investment Fund will likely announce next week whether its chief investment officer will continue to manage the monolith’s $1.48 trillion in assets. Hiromichi Mizuno, whose term will end on Sept. 30, captained sweeping changes to the investment strategy of the world’s largest pension fund over the past five years. He became the GPIF’s first CIO in January 2015, overseeing the fund’s shift to stocks from domestic debt, while advocating assets that incorporate environmental, social and governance...