US Archives - Page 38 of 170 - Pension Policy International

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

27SepSeptember 27, 2023

Comparing ESG regulation globally remains elusive – report

Comparing global regulatory demands on ESG funds will continue to be elusive, according to a regulatory update from ISS ESG published Sept. 21. Experts at the Institutional Shareholder Services' sustainable investment arm reviewed current and proposed regulations in the European Union, U.K., U.S., Canada, Australia, Hong Kong, Singapore and Japan, and surmised "that navigating the emerging regimes will remain a challenge for the foreseeable future," the 2023 Global Regulatory Update said. It noted that two major sustainability reporting standards were finalized in 2023:...

September 27, 2023

NewsAustralia, ESG, EU, Japan, Regulation, UK, US

26SepSeptember 26, 2023

US Corporate Pensions at Healthiest Level in a Decade, Aon Data Shows

Pension plans for the largest U.S. companies are at their healthiest in over a decade, according to financial services firm Aon (NYSE:AON). The average pension "funded ratio" for public companies in the S&P 500 stock index was 102% as of last Thursday, marking the highest level since at least the end of 2011 when the ratio stood at around 78%. The funded ratio is a measure of a pension's financial health, comparing a company's pension assets against its liabilities. Essentially,...

September 26, 2023

NewsFunding, Occupational Pensions, Pension Management, US

25SepSeptember 25, 2023

U.S. retirement assets continue increasing

U.S. retirement assets totaled $36.71 trillion at the end of the second quarter, according to data published recently by the Investment Company Institute. That marked the third straight quarterly increase after dropping to $32.81 trillion in September 2022. At the end of 2021, retirement assets were $39.73 trillion. Defined contribution assets totaled $10.23 trillion, up from the recent nadir of $8.96 trillion at the end of 2022's third quarter. The bulk, more than 70%, was placed in 401(k) plans. Defined benefit assets...

September 25, 2023

NewsPension Management, US

22SepSeptember 22, 2023

The Future of Global Retirement

By Andrew Evans & Will Wynne Smart is a world-leading retirement technology provider. Our mission is to transform retirement, savings and financial wellbeing, across all generations, around the world. Launched in 2015, our technology platform – Keystone – serves the needs of retirement savers globally, and we are now active on four continents. Keystone is specifically designed to help governments and financial services organisations to serve their citizens' and customers' retirement saving and spending needs. Smart’s team of engineers, researchers and user...

September 22, 2023

Books, Books, Reports, Savings2023, Australia, Investment, Pension Management, savings, South Africa, UK, US

22SepSeptember 22, 2023

2023 BlackRock Read on Retirement

By Black Rock If the pandemic taught us anything, it’s that burnout is real. Three years on, it turns out it’s not just a workplace side effect. BlackRock’s 2023 Read on Retirement™️ survey reveals that financial burnout is on the rise – and one for employers to watch. Today, only about half of workplace savers feel on track to retire with the lifestyle they want – a double-digit drop compared to last year and a worrisome trend since 2021. Encouragingly, though, this drop in...

September 22, 2023

Books, Books, Reports, System Characterization2023, Investment, Pension Management, US

22SepSeptember 22, 2023

2023 Retirement Plan Landscape Report

By MorningStar Millions of Americans rely on the U.S. retirement system to save and invest for their futures. Similarly, the system depends on new employers offering retirement plans to replace plan closures. Expanding access to employer-sponsored retirement plans is essential to ensuring Americans are saving enough for the future, but it’s also necessary for the current system to address its weakness. In the second iteration of our annual report, we take a comprehensive look at the overall health of the...

September 22, 2023

Books, Books, Pension Management, Reports2023, Investment, Pension Management, Political economy, US

22SepSeptember 22, 2023

Messaging on ESG strategies becoming critical, money managers say

Amid a continuing political backlash against the use of ESG in asset management — both as a term and as a part of the investment process itself — global money managers are taking action to fine-tune the language used in their messaging and engagement with clients and prospects. But it's not just in the U.S. where some money managers said they are thinking carefully about how they label their processes. Increased regulation in Europe has also put a spotlight on...

September 22, 2023

NewsESG, US

21SepSeptember 21, 2023

The Future of Retirement: Predictions and Trends

Traditionally, retirement has been viewed as a time for relaxing, enjoying the fruits of your labor, and taking a break from work. It is likely, however, that retirement will look very different in the future. Here, we will analyze some of the trends shaping retirement’s future. In addition, we will offer some predictions about the future of retirement. 1. The retirement savings gap is widening. Future retirees face a growing retirement savings gap as one of their biggest challenges. Based on Census...

September 21, 2023

NewsGender Gap, System Characterization, US

21SepSeptember 21, 2023

US. Fed holds interest rates steady

Federal Reserve officials on Sept. 20 held interest rates steady and signaled one more rate increase this year as the central bank continues its quest to tamp down inflation without overcooling the economy. The Federal Open Market Committee left the federal funds rate unchanged at a range of 5.25% to 5.5% following its two-day meeting. The committee in recent months has alternated between hikes and pauses — it approved a quarter-point increase at its last meeting in July but did...

September 21, 2023

NewsPolitical economy, Regulation, US

September 2023