All United States articles – Page 5
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FeaturesFrom soft landing to no landing
Once again, the US jobs market has shown its capacity to surprise forecasters, if not astonish them. January’s non-farm payroll numbers came in way above consensus forecasts, swiftly reversing markets’ dovish take on that week’s central bank actions, with bond markets handing back much of their earlier gains.
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FeaturesCentral banks and the weaponisation of finance
The US has been a global power since the second world war. But it was during the interval between the collapse of the USSR in 1991 and the rise of China in the 21st century that the US was perhaps the single global hegemon.
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FeaturesUS: SECURE 2.0 means the hard work ahead for pension plan sponsors
On one thing pretty much everyone agrees: the new SECURE 2.0 Act is very broad, complex, and will create a lot of work for US plan sponsors and retirement providers. In fact, the Setting Every Community Up for Retirement Enhancement law includes over 90 different provisions.
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Opinion PiecesUS: Sponsors back pension buyouts
In 2022, pension risk transfer (PRT) deals in the US reached a record of over $50bn (€46.5bn), according to estimates. And many industry observers expect demand from plan sponsors for PRT solutions to remain strong in 2023.
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FeaturesWill the US pushback against ESG slow global progress?
Hostility towards asset managers embracing climate action and stewardship is raising questions on both sides of the Atlantic
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Opinion PiecesUS: Republican House will not divert from SECURE 2.0
The new Republican majority in the US House of Representatives is not large enough to have a significant impact on the retirement industry.
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KLP on Vanguard: ‘NZAM not the only way of working for net zero’
Norwegian municipal pensions giant says finance sector must come together and push for transformation in portfolios, markets
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FeaturesUS dollar strength and the issues facing institutional investors
Most central banks across the world are raising interest rates – some more aggressively than others – but it is proving hard for any of them to out-hike the US Federal Reserve. The resulting widening interest rate differentials have been an important factor in the appreciation of the US currency.
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NewsAP7 sues US gaming firm and Microsoft over planned merger
Swedish pensions giant alleges bid process not done correctly, disadvantaging Activision shareholders
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PenSam, Greater Manchester demand tax transparency from ConocoPhillips
Danish and UK pension funds challenge US oil giant, co-filing shareholder resolution alongside Oxfam America
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FeaturesThe rising influence of target-date funds on capital markets
One of the fastest growing markets in recent years is the US retirement market. Since 1995, the investment volume has increased six-fold, so that by the end of 2021, the market stood for almost $40trn (€40.1trn) AUM.
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Opinion PiecesUS: Pension plans face up to a tough 2022
After the terrible returns of the fiscal year that ended in June, what will US public pension funds do? Will they increase their risky investments to try to reach their target returns? Or will they lower their target returns?
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Opinion PiecesUS: Transparency concerns over SEC private market disclosure rules
Will the US Securities and Exchange Commission’s (SEC’s) new climate risk reporting rules bring more transparency to private markets? Or will they have the unintended consequences of increasing the opacity of the markets?
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KLP banishes US prison stocks due to refugee treatment
Norwegian municipal pensions giant finds little credibility in reassurance from CoreCivic and GEO Group
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Opinion PiecesUS: The great unfreeze - does it make sense to reopen DB plans?
US defined benefit (DB) public and corporate pension funds are responding differently to inflationary pressures. Public schemes are more concerned about the negative impact of financial market turmoil on their returns, while corporates are enjoying the rising discount rates that are lowering their liabilities and improving their funded status.
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AP4, PFZW win plaudits for transparency in international pension fund ranking
Canada’s CPP Investments ranked as most transparent pension fund overall, while PFZW, AP4 assessed as most open pension fund on costs, responsible investment
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PFA sues Meta, alleging firm gave market misleading information
Danish pension fund says US social media giant has duty to prevent proliferation of misinformation or harmful content
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AP7 co-files Tesla resolution on workers’ rights
‘Tesla must also have confidence that the company has effective human capital management systems,’ says Nia Impact Capital in proposal
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Opinion PiecesUS: A cautious approach on private assets in DC plans
Will 2022 be the year when private equity is finally incorporated in US defined contribution (DC) plan line-ups? Possibly, following the Department of Labor’s (DoL’s) clarification of its position in a letter last December. But it will be a very slow process, according to industry experts.
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NewsRailpen, US investor group team up for equal voting rights campaign
Hope that new coalition ‘will mark a turning point in the dual-class share structure debate’ and avoid ‘long-term corporate governance trainwreck’
