US Archives - Page 37 of 175 - Pension Policy International

20DecDecember 20, 2023

U.S. pension risk transfer sales dip in Q3 year over year, LIMRA survey shows

U.S. pension risk transfer sales totaled $10.4 billion in the third quarter, down for the year-over-year period, although there were a record number of contracts executed, a LIMRA survey found. The total volume in the third quarter fell below the record-setting third quarter of 2022, which saw a total of $26.1 billion in volume, according to the survey. However, the third quarter of 2022 experienced the record volume due to a single transaction. International Business Machines, Armonk, N.Y., purchased group annuity contracts...

December 20, 2023

NewsPension Management, Risk, US

19DecDecember 19, 2023

Private credit attracts billions from U.S. pension funds

U.S. state and local retirement funds are pumping billions into private credit, joining the stampede into a booming sector of finance in the pursuit of higher returns. These systems are collectively allocating at least $100 billion of their roughly $5 trillion in assets into private debt, according to Equable, a bipartisan pension researcher founded by public finance leaders. While that's only a sliver of their holdings at present, funds' private credit positions have been steadily growing and are poised to...

December 19, 2023

NewsInvestment, Pension Management, US

18DecDecember 18, 2023

AI poses risks to U.S. economy, Financial Stability Oversight Council says

For the first time, the Financial Stability Oversight Council in its annual report identified artificial intelligence as a vulnerability in the U.S. financial system. The council said financial institutions, market participants and regulatory authorities should further build expertise and capacity to monitor AI innovation and usage, and identify emerging risks. "AI has the potential to increase efficiency and innovation, but it also introduces certain risks," the council said in its report released Dec. 14. "Monitoring these rapidly emerging technologies will continue to be...

December 18, 2023

NewsRisk, Technology, US

15DecDecember 15, 2023

Playing the Long Game: How Longevity Affects Financial Planning and Family Caregiving

By Surya Kolluri, Janet Weiner & Mary Naylor Since 1935, when Social Security set the age to receive full benefits at 65, average life expectancy in the United States has risen by 17 years. This increased longevity has clear implications for financial planning, both in terms of the timing of retirement and the need to plan for a longer period of retirement. But there are less obvious implications as well, in terms of the likelihood and length of time that...

December 15, 2023

Articles, Pension design2023, Aging, Longevity, Retirement Planning, US

15DecDecember 15, 2023

Anticipated U.S. Population Decline and the Risks Ahead

U.S. Census Bureau projections from November reveal a startling prospect: The United States population will most likely begin to decline by 2080, spelling out substantial risks for economic and social stability in the coming decades. Population growth is critical for maintaining a strong economy and preserving social safety net programs, yet in many parts of the U.S., the rising cost of living along with stagnating wages are causing more and more young people to rethink their goals of starting a family....

December 15, 2023

NewsAging, Labor Market, US

15DecDecember 15, 2023

UK. New report finds greening pensions reduces carbon footprint more than stopping flying

Scottish Widows’ latest Green Pensions Report has found that while most Brits are well aware of how to reduce their carbon footprint through changing their behaviours, two thirds (67%) don’t know how to switch to a ‘green pension’. If this information gap were to be addressed by the government, industry and employers, UK consumers could collectively save up to 386 million tonnes of carbon emissions annually through their pensions[1] – the equivalent of 11 return flights from London to New...

December 15, 2023

NewsClimate crisis, ESG, Investment, US

14DecDecember 14, 2023

US. First LAX Strikes in 20 Years Pose Potential Fiduciary Risk for Public Pension Funds

Last week, hundreds of workers employed by PAI Partners-owned concessionaire, Areas USA, walked out on strike at Los Angeles International Airport, following workers’ first strike on November 21. PAI Partners is a private equity investment firm based in Paris, France. Workers’ decision to strike during the busy holiday season came after Areas has failed to agree to wage increases workers need to afford the soaring cost of housing in the Los Angeles area. "My coworkers and I are on strike because...

December 14, 2023

NewsPublic Pensions, Risk, US

13DecDecember 13, 2023

US. Study finds healthier funding status for DB plans raising interest in LDI strategy reviews

U.S.-based defined benefit pension plan sponsors are increasingly looking to assess their liability-driven investment strategies as they reach fully funded statuses, according to a new study by Coalition Greenwich and commissioned by Franklin Templeton. The study found nearly three-quarters (73 per cent) of pension plan sponsors reported funding ratios of 100 per cent or higher, while the rest had funding ratios above 110 per cent. Roughly half of respondents said they’re concerned about “substantial overlap in holdings” among their LDI...

December 13, 2023

NewsDefined Benefit, Funding, US

12DecDecember 12, 2023

U.S. pension funds heavily invested in China despite crackdown

U.S. proposals to clamp down on investments in China may be being undermined by continued funding from some of America's biggest institutional investors, new analysis shows. The majority of U.S. public pensions, as well certain universities and non-profit organizations, have committed funds to China and Hong Kong, including in sensitive technologies — some as recently as this year, according to a report by Future Union, a non-partisan trade organization. The 74 largest contributors have allocated more than $70 billion to companies...

December 12, 2023

News, UncategorizedChina, Investment, Pension Management, US

11DecDecember 11, 2023

US is not prepared to house a growing number of older Americans

As skyrocketing housing prices persist across the country, the resulting homelessness crisis is growing, and more Americans are in need of assistance. However, some industry experts have noted an uptick in the average age of unhoused populations. “It's very tough. Very tough. Not knowing where you're going to go at night is very tough. I can't even get stable work because you have to have a stable place,” said Latia Griffin, who is experiencing homelessness in Ohio. A recent report from Harvard University's...

December 11, 2023

NewsAging, US

December 2023