Tata Consultancy Services signs contract as the service provider, while National Automatic Enrolment Retirement Savings Authority (NAERSA) is established
Norwegian SWF ends observation status for Australia’s BHP Group and US utility Southern Co and brings five excluded stocks back into investment universe
EM situation offsets progress in advanced economies
Admin costs, however, rose by 13% as funds are investing in new IT systems to prepare for DC transition
Companies are bound to fail to design credible and ambitious environmental and climate strategies to meet climate targets, says foundation
All pensions within the Church Workers Pension Fund are now secured with insurers
Plus: South Yorkshire Pensions Authority appoints new assistant director for investment strategy; SEI adds director to master trust board
Plus: Global taskforce launched focused on financial risks posed by social issues; Dutch regulator proposes amendments to ESG reporting templates
The index giant will cut the reference to ESG from four index families: ESG Leaders, ESG Screened, ESG Universal and ESG Focus
The transaction secures benefits of circa 15,000 scheme members
SNB Bills can play an important role in negotiations with banks on interest rates, says PPCmetrics’ Lukas Riesen
Plus: South Yorkshire Pensions Authority appoints new assistant director for investment strategy; SEI adds director to master trust board
Robert Branagh was appointed as CEO of LPFA in April 2020
Plus: DWS adds to executive board; Ortec appoints climate and ESG team lead
When King Willem-Alexander read out his speech at the opening of the Dutch parliament, the topic of pensions was missing.
While perhaps the same cannot be said about climate change, there seems to be a consensus about artificial intelligence (AI) in the United Nations General Assembly.
Europe sure does not have a savings problem – EU household savings amounted to €1.4trn in 2022 versus €840bn in the US. What Europe does have, though, is a glut of bank savings capital that serves as a double bind.
Plus: Global taskforce launched focused on financial risks posed by social issues; Dutch regulator proposes amendments to ESG reporting templates
Plus: Economic growth; DB Funding Code, De-risking
‘A reform of the pension system and a rapid expansion of company pension schemes is essential for the economy,’ says Andreas Zakostelsky
The UK is facing a looming retirement crisis. As many as 17 million people are not saving enough for later life.
SEI Investments, the Pennsylvania-based technology and investment firm, was a vocal advocate for independent fiduciary management in the UK pension industry.
Stella Giovannoli, CIO and CFO at Italy’s Cassa Nazionale del Notariato, talks to Carlo Svaluto Moreolo about the efforts to modernise the fund
PGGM is using large language models in ESG, generic AI in forecasting to improve on quant models and ChatGPT to improve coding.
It’s often said that timing is everything. Nicholas Moreau sees an element of luck in the timing of his appointment to the helm of HSBC Asset Management in September 2019. This gave him a six-month head start in his role as CEO by the time the COVID pandemic arrived in early 2020.
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The recent brisk battle to buy an Australian data centre platform, AirTrunk, pushed the price to more than A$24bn (€14.5bn) – double what was anticipated just a few months ago.
The Corporate Sustainability Reporting Directive (CSRD) is often mentioned as one of the examples of the European Commission’s excessive zeal when working to implement the Green Deal. It is singled out as an example of overregulation that negatively impacts the competitiveness of European corporations, creates barriers to accessing the EU market and is costly to implement.
US high yield has come a long way from its murky beginnings with the very high yielding bonds of so called ‘fallen angels’, and Drexel Burnham Lambert’s Michael Milken offering bonds newly issued by corporates with sub-investment grade ratings for the first time in the 1980s, properly introducing the world to high yield bond investing.
PGGM is using large language models in ESG, generic AI in forecasting to improve on quant models and ChatGPT to improve coding.
We asked pension funds in Spain, Germany and Finland about their current views on European fixed income and credit as the ECB looks carefully at the timing and sequence of its rate cuts
Investors are becoming more sophisticated in how they approach emerging market debt
In generic US polls, Democrats beat Republicans, with a small but increasing margin, signalling an opportunity for reforms if Kamala Harris wins and a continuation of a divided and blocked Congress if Donald Trump wins.