Risk Archives - Page 7 of 37 - Pension Policy International

24NovNovember 24, 2023

Romania Pension Law Could Pose Medium-Term Fiscal Risk

Romania’s new pension law could result in a less favourable sovereign debt trajectory and weaken fiscal credibility over the medium term if implemented as planned and without offsetting measures, Fitch Ratings says. The eventual impact will depend on the broader direction of fiscal policy, including efforts to exit the ongoing Excessive Deficit Procedure. The new law, which received parliamentary approval on 20 November, is intended to remove inconsistencies in how state pensions are calculated as part of efforts to improve...

November 24, 2023

NewsRegulation, Risk, Romania

17NovNovember 17, 2023

US Pension Risk Transfer Market Expected to See $10 Billion In Q3 Deal Volume

Legal & General Retirement America (LGRA), a leading provider of pension risk solutions in the United States, today released the Q3 2023 edition of the US Pension Risk Transfer Monitor, which analyzes industry trends and market outlooks in the US. Following the largest first half on record for the US Pension Risk Transfer (PRT) market at $22.5 billion in deal volume, the Monitor reports an expected $10 billion in Q3 PRT market volume. While this is a decrease from last...

November 17, 2023

NewsPension Management, Risk, US

14NovNovember 14, 2023

UK. ESG: Biodiversity And Nature Risks For Pension Schemes

While climate risk has increasingly been at the top of the agenda for trustees in recent years, biodiversity and nature risk has occasionally been overlooked, despite the serious financial implications stemming from these issues. The World Economic Forum's Global Risk Report 2023 cited "biodiversity loss and ecosystem collapse" as the fourth most significant global risk over the next ten years. In light of this, pension regulators are focusing their attention on biodiversity risk management.  A guide recently produced by...

November 14, 2023

NewsClimate crisis, ESG, Risk, UK

26OctOctober 26, 2023

US. Pension risk transfer pipeline remains robust, even if falling short of 2022 record

The U.S. pension risk transfer market remains robust in 2023, although it may not break the record for dollar volume set in 2022, experts say. This is despite a new record for dollar volume in the first half of 2023, totaling $22.5 billion in premiums paid for pension buyout transactions, according to research firm LIMRA. In 2022, the total volume was $48.3 billion, driven primarily by corporate pension funds' improving funding ratios, which have enabled many to pull the trigger on...

October 26, 2023

NewsInvestment, Risk, US

24OctOctober 24, 2023

Fund managers are updating bond models to capture a new risk

A growing number of asset managers is reassessing bond values tied to real assets, as a spike in the frequency of flash floods, fires and storms hits conventional pricing models. Mitch Reznick, head of sustainable fixed income at Federated Hermes, says climate risk is a key reason why the investment manager is now underweight real estate credit. Jonathan Bailey, global head of ESG and impact investing at Neuberger Berman Group, says he's increasingly looking at whether issuers have enough capital to...

October 24, 2023

NewsClimate crisis, Pension Management, Risk

20OctOctober 20, 2023

Global Pension Risk Survey: UK Findings 2023/24

By Aon The Global Pension Risk Survey has been running every two years for over a decade and it gives the pension industry great insight into how the pensions landscape has developed. The 2023 findings show that many pension schemes are grappling with recent challenges including persistent high inflation, rising interest rates and a raft of regulatory change. Schemes are having to prioritise carefully which actions they will address and when, while also navigating the risk of non-compliance as well as...

October 20, 2023

Books, Books, Pension Management, Reports2023, Investment, Pension Management, Risk

17OctOctober 17, 2023

US. DOL working on pension risk transfer rule review amid hot market

While pension risk transfer (PRT) deals continue to break records, federal regulators are nearing a deadline for review and recommendations of Interpretative Bulletin 95-1. Issued by the Department of Labor in 1995, IB-95 lays out the fiduciary standards for selecting an annuity provider for a pension risk transfer. Under the rule, pensions must consider the provider’s investment portfolio, size relative to the annuity contract, level of capital and surplus, liability exposure, and availability of state government guaranty associations. According to provisions in the...

October 17, 2023

NewsPension Management, Regulation, Risk, US

09OctOctober 9, 2023

What’s wrong with private market valuations and why do UK pension funds care?

Britain's Financial Conduct Authority said last week a review of risks in markets for unlisted assets would check how valuations are being undertaken and whether any risks could spread into banking. WHY IS THE REGULATOR WORRIED? Stock markets and prices of government bonds have been hit by expectations of higher interest rates for a longer period than initially anticipated. Prices of private, unlisted assets have remained relatively high, raising questions about how valuations are conducted and if a reckoning is due. WHY...

October 9, 2023

News2023, Pension Management, Regulation, Risk, UK

04OctOctober 4, 2023

90% of U.S. companies with DB plans looking for exits via PRT – MetLife

Nearly 90% of U.S. corporations with defined benefit plans look to fully transfer all their liabilities in an average of just four years, according to a new poll conducted by MetLife. In MetLife's 2023 Pension Risk Transfer Poll, the insurer said 89% of respondents said they plan to fully divest all their liabilities. Among that population, they plan to do so in an average of 4.1 years. Also, 94% of respondents said they are weighing the DB plan's value against the...

October 4, 2023

NewsDefined Benefit, Risk, US

28SepSeptember 28, 2023

Striking US auto workers want their pensions back, apart from higher wages

On picket lines around the country, auto workers aren’t just demanding higher wages. They want to get back their once-sacred retirement pensions. While United Auto Workers (UAW) members who were hired prior to the 2008 financial crisis have pensions, those brought on since have received 401(k) plans instead. The union is demanding the auto companies provide pensions for new employees and those who currently lack them. “We need to do something, because right now, if you came in after '07, you...

September 28, 2023

NewsAdequacy, Risk, US

November 2023

Romania Pension Law Could Pose Medium-Term Fiscal Risk

US Pension Risk Transfer Market Expected to See $10 Billion In Q3 Deal Volume

UK. ESG: Biodiversity And Nature Risks For Pension Schemes

October 2023

US. Pension risk transfer pipeline remains robust, even if falling short of 2022 record

Fund managers are updating bond models to capture a new risk

Global Pension Risk Survey: UK Findings 2023/24

US. DOL working on pension risk transfer rule review amid hot market

What’s wrong with private market valuations and why do UK pension funds care?

90% of U.S. companies with DB plans looking for exits via PRT – MetLife

September 2023

Striking US auto workers want their pensions back, apart from higher wages