US Archives - Page 27 of 175 - Pension Policy International

23AprApril 23, 2024

ESG increasingly part of core business, CFO survey finds

An increasing number of companies integrate sustainability into their core business strategies, according to a survey of chief financial officers released April 22 by accounting and advisory firm BDO. The 2024 ESG Risk & ROI Survey found that companies see numerous benefits to ESG programs beyond simply responding to regulatory mandates. “By embedding ESG and sustainability initiatives into their organization’s overarching strategic agenda, CFOs can help retain top talent, better manage risk, and drive long-term resilience,” said Karen Baum, managing principal for the Sustainability...

April 23, 2024

NewsESG, Investment, US

22AprApril 22, 2024

US. Climate-related funds grow 16% in 2023 to $540 billion — Morningstar

Assets in mutual and exchange-traded funds with a climate-related mandate globally rose by 16% in 2023 to $540 billion, according to data collected by financial services firm Morningstar. The report said the increase was driven by continued inflows, product launches and market appreciation. Europe accounted for 84% of the climate-related assets, while China and the U.S. had market shares of 7% and 6%, respectively. However, the $40 billion of inflows into climate funds last year represented the lowest levels in four...

April 22, 2024

NewsClimate crisis, Investment, US

19AprApril 19, 2024

Planning & Progress Study 2024

By Northwestern Mutual The 2024 Planning & Progress Study, an annual research study from Northwestern Mutual, explores U.S. adults’ attitudes and behaviors toward money, financial decision-making, and the broader issues impacting people’s long-term financial security. Get the report here

April 19, 2024

Books, Books, Investment, Reports2024, Financial Literacy, Investment, Retirement Planning, US

19AprApril 19, 2024

“Safe” Annuity Retirement Products and a Possible US Retirement Crisis

By Thomas E. Lambert & Christopher B. Tobe This paper examines a looming possible crisis in many Americans’ retirement plans due to the proliferation of annuity products in their retirement investment portfolios. As defined benefit pension plans have almost completely disappeared as a means of retirement savings and have been replaced by defined contribution retirement plans over the last 40 to 50 years, a great number of private and public sector defined contribution retirement plans have become laden with insurance...

April 19, 2024

Articles, Pension design2024, Pension design, Pension Payout, US

19AprApril 19, 2024

US. House committee advances resolution to overturn SEC climate rule along party lines

Republicans on the House Financial Services Committee advanced a resolution to overturn the SEC’s climate disclosure rule, in addition to advancing several other resolutions aimed at rolling back various Biden administration rule-making. “Let us make no mistake, the commission finalized this rule despite no clear authorization from Congress,” said Rep. Bill Huizenga, R-Mich., who introduced the resolution to overturn the SEC’s climate rule, at the markup April 17. The Congressional Review Act allows Congress to disapprove, by a simple majority vote, a final...

April 19, 2024

NewsClimate crisis, Regulation, US

18AprApril 18, 2024

US. Pension funds, hedge funds must up game on liquidity in stressed markets — FSB

Pension funds, hedge funds and other non-bank market participants need to up their game when it comes to liquidity preparedness in times of marketwide stress, the Financial Stability Board said. A consultation paper published on April 17 by the FSB, an international body that monitors the global financial system and makes recommendations, identified weaknesses in risk management and governance as key causes of inadequate liquidity preparedness by some market participants during recent periods of liquidity stress in markets. The report highlighted recent...

April 18, 2024

NewsInvestment, US

17AprApril 17, 2024

How The US Economy Avoids The Longevity Trap

By Anthony Roth The anticipated increase in the proportion of the American population aged 65 and older—from 58 million in 2022 to a projected 82 million by 2050—calls attention to the economic implications of increased longevity. Yes, this trend will bring significant challenges to continued economic growth. Fortunately, I believe the U.S. is uniquely positioned to overcome these challenges and capitalize on the economic opportunities related to longevity. Strength In Aging A key to any discussion of the increasing age of our population should also...

April 17, 2024

News, OP Ed, Op-EdLongevity, US

16AprApril 16, 2024

US. Why Staying in Your 401(k) After Retirement Makes Sense

Many Americans heading into retirement confront a weighty question that doesn’t have an easy answer: Should they retain their savings in their 401(k) plans, move them to an Individual Retirement Account (IRA), or cash out and pay taxes (and perhaps penalties) on the assets withdrawn?A new research paper titled “The Pros and Cons of Remaining in a 401(k) Plan After Retirement” addresses this question, especially for “the vast majority of Americans who enter retirement with low or moderate levels...

April 16, 2024

NewsFinancial Literacy, Retirement Planning, US

16AprApril 16, 2024

Americans think they need almost $1.5 million to retire. Experts say to focus on another number instead

When it comes to retirement, Americans have a new number in mind — $1.46 million — for how much they think they will need to live comfortably, according to new research from Northwestern Mutual. That estimate is up 53% since 2020, when Americans said they would need $951,000, as the cost of living has surged in recent years. It is also up 15% from last year, when respondents said they would need $1.27 million. For many savers, that goal may sound daunting, particularly as...

April 16, 2024

NewsRetirement Planning, savings, US

15AprApril 15, 2024

US. CWA Union Fights Back Against So-Called Pension De-Risking

Before its bankruptcy in 1991, Executive Life Insurance Company accepted transfer contracts from companies to pay their retirees’ pensions instead of the companies defined benefit pension plan. Employers saved money in the transfer because Executive Life offered high interest rates — which were discovered later to be backed by junk bonds – and because their retirees lost Pension Benefit Guaranty Corporation (PBGC) protection when the companies stopped paying PBGC premiums. Retirees from RJ Reynolds, Pacific Lumber suffered significant cuts in pensions...

April 15, 2024

NewsDefined Benefit, Occupational Pensions, US

April 2024