Pensions

Milliman analysis: Public pension funding tops 80% for first time in over five years

Retrieved on: 
Wednesday, July 21, 2021
Pensions, Academic disciplines, Finance, Financial services, Milliman, Defined benefit pension plan, Actuarial science

SEATTLE, July 21, 2021 /PRNewswire/ --Milliman, Inc., a premier global consulting and actuarial firm, today released the second quarter (Q2) 2021 results of its Public Pension Funding Index (PPFI), which consists of the nation's 100 largest public defined benefit pension plans.

Key Points: 
  • SEATTLE, July 21, 2021 /PRNewswire/ --Milliman, Inc., a premier global consulting and actuarial firm, today released the second quarter (Q2) 2021 results of its Public Pension Funding Index (PPFI), which consists of the nation's 100 largest public defined benefit pension plans.
  • For the first time since Milliman began tracking the PPFI in 2016, the funded ratio for these plans has climbed above 80%.
  • "This was a banner quarter for public pensions, though the individual plans in our study saw a range of investment returns from an estimated 2.54% to 6.75%," said Becky Sielman, author of Milliman's Public Pension Funding Index.
  • For more information and to view the full Milliman 100 Public Pension Funding Index, go to http://www.milliman.com/ppfi/ .

Podcast episode 4: Pensions, PEPP and young people

Retrieved on: 
Friday, July 16, 2021
Personal finance, Pan-European Pension, Pensions, European Insurance and Occupational Pensions Authority, Finance, Money, Economy

The pensions gap is increasing in importance, which means that personal pensions will become more event more relevant.

Key Points: 
  • The pensions gap is increasing in importance, which means that personal pensions will become more event more relevant.
  • The views expressed are those of the speakers and not necessarily those of the European Insurance and Occupational Pensions Authority.
  • Show notes

    As mentioned in the podcast, EIOPA is now consulting on the development of pension tracking services and pension dashboards.

  • Find out more about each consultation:

    Read more about the Pan European Personal Pesnion Product, or PEPP.

The Church Pension Fund Board of Trustees Launch New Communication to Highlight Work

Retrieved on: 
Thursday, July 15, 2021
Professional services, Other Professional Services, Consumer, Insurance, Religion, Finance, Banking, Pensions, Finance, Central Provident Fund, Money, Economy

The Church Pension Fund (CPF), the sponsor and administrator of pension and other benefit plans for The Episcopal Church, announced the launch of A Message from the Chair , a quarterly communication that will be published after each regular meeting of the CPF Board of Trustees (CPF Board).

Key Points: 
  • The Church Pension Fund (CPF), the sponsor and administrator of pension and other benefit plans for The Episcopal Church, announced the launch of A Message from the Chair , a quarterly communication that will be published after each regular meeting of the CPF Board of Trustees (CPF Board).
  • View the full release here: https://www.businesswire.com/news/home/20210715005738/en/
    The Church Pension Fund (CPF), the sponsor and administrator of pension and other benefit plans for The Episcopal Church, announced the launch of A Message from the Chair, a quarterly communication that will be published after each regular meeting of the CPF Board of Trustees.
  • Governance of The Church Pension Fund (CPF) is provided by a 25-member Board of Trustees , 24 of whom are elected by the General Convention of The Episcopal Church.
  • The Church Pension Fund and its affiliated companies, collectively referred to as the Church Pension Group (CPG), maintain three lines of businessbenefits, insurance, and publishing.

Equisoft continues global expansion with U.K. acquisition of investment and pension management solutions provider Altus

Retrieved on: 
Monday, July 5, 2021
Personal finance, Pensions

These include investment portfolio transfers, pension fund trading, pension payroll and tax reporting.''

Key Points: 
  • These include investment portfolio transfers, pension fund trading, pension payroll and tax reporting.''
  • Equisoft is excited to welcome the entire Altus team as the company continues to exhibit substantial growth in regions around the world.
  • Founded in 1994, Equisoft is a global provider of advanced insurance and investment digital solutions.
  • Altus supplies specialist consultancy services and market-leading automation software to over 150 clients in the investment, pensions,insuranceand wealth management sectors.

Equisoft continues global expansion with U.K. acquisition of investment and pension management solutions provider Altus

Retrieved on: 
Monday, July 5, 2021
Personal finance, Pensions

These include investment portfolio transfers, pension fund trading, pension payroll and tax reporting.''

Key Points: 
  • These include investment portfolio transfers, pension fund trading, pension payroll and tax reporting.''
  • Equisoft is excited to welcome the entire Altus team as the company continues to exhibit substantial growth in regions around the world.
  • Founded in 1994, Equisoft is a global provider of advanced insurance and investment digital solutions.
  • Altus supplies specialist consultancy services and market-leading automation software to over 150 clients in the investment, pensions,insuranceand wealth management sectors.

MissionSquare Research Institute Announces Expansion of Public Plans Database

Retrieved on: 
Thursday, July 1, 2021
Finance, Money, Pensions, Retirement plans in the United States, Economy, Investment, Defined benefit pension plan, Defined contribution plan, Cash balance plan, 401, DB

Washington, D.C., July 01, 2021 (GLOBE NEWSWIRE) -- The Public Plans Database ( PPD ) has been expanded to include data from nearly 50 public sector defined contribution (DC) retirement plans.

Key Points: 
  • Washington, D.C., July 01, 2021 (GLOBE NEWSWIRE) -- The Public Plans Database ( PPD ) has been expanded to include data from nearly 50 public sector defined contribution (DC) retirement plans.
  • It includes 401(a), 457, 401(k), and cash balance plans, along with mandatory, optional, supplemental, and primary DC plans.
  • This database also contains detailed information on the largest state and local defined benefit (DB) pension plans in the U.S.
  • Adding defined contribution data is a strategic expansion of the PPD, said Joshua Franzel , Ph.D., Managing Director at MissionSquare Research Institute.

Emerging markets face a USD 5.4 trillion-per-year shortfall in savings for sustainable retirements, says Swiss Re Institute

Retrieved on: 
Tuesday, June 29, 2021
Pensions, Finance, Money, Economy, Personal finance, Retirement, Fiscal policy, Pensions crisis

- Emerging markets face a USD 5.4 trillion pension savings shortfall for every year of their workers' retirements, or USD 106 trillion in cumulative terms.

Key Points: 
  • - Emerging markets face a USD 5.4 trillion pension savings shortfall for every year of their workers' retirements, or USD 106 trillion in cumulative terms.
  • - Latin America has a pension savings gap of USD 514 billion per year, or USD 50 000 per worker on average.
  • ZURICH, June 29, 2021 /PRNewswire/ --Workers in emerging markets are retiring without sufficient assets to cover their pension needs, creating a total pension shortfall of about USD 106 trillion, Swiss Re Institute estimates.
  • 2The pension savings gap is the unfunded gap between pension funds available and the retirement need of emerging markets' working populations.

Emerging markets face a USD 5.4 trillion-per-year shortfall in savings for sustainable retirements, says Swiss Re Institute

Retrieved on: 
Tuesday, June 29, 2021
Pensions, Finance, Money, Economy, Personal finance, Retirement, Fiscal policy, Pensions crisis

- Emerging markets face a USD 5.4 trillion pension savings shortfall for every year of their workers' retirements, or USD 106 trillion in cumulative terms.

Key Points: 
  • - Emerging markets face a USD 5.4 trillion pension savings shortfall for every year of their workers' retirements, or USD 106 trillion in cumulative terms.
  • - Latin America has a pension savings gap of USD 514 billion per year, or USD 50 000 per worker on average.
  • ZURICH, June 29, 2021 /PRNewswire/ --Workers in emerging markets are retiring without sufficient assets to cover their pension needs, creating a total pension shortfall of about USD 106 trillion, Swiss Re Institute estimates.
  • 2The pension savings gap is the unfunded gap between pension funds available and the retirement need of emerging markets' working populations.

NISA Investment Advisors Issues Report on Why Corporate Pension Plans Should Consider a Move to a Hibernation Portfolio Sooner Rather than Later: "95 Is the New 105: Why Plans Should Consider Accelerating their Glidepath"

Retrieved on: 
Tuesday, June 22, 2021
Finance, Money, Personal finance, Economy, Investment, Pensions, Defined benefit pension plan, Portfolio

The analysis discusses why now may be the appropriate time for such plans to pivot to a lower risk portfolio comprised predominately of bonds often referred to as a hibernation portfolio.

Key Points: 
  • The analysis discusses why now may be the appropriate time for such plans to pivot to a lower risk portfolio comprised predominately of bonds often referred to as a hibernation portfolio.
  • "Plans that are nearly fully funded or overfunded should consider accelerating their de-risking decisions to protect this elevated funded status and limit the potential for future contributions."
  • NISA's Pension Surplus Risk Index, or PSRX, is a forward-looking estimate of the funded status of U.S. corporate defined benefit plans and is published monthly.
  • For more information, please visit our website at www.nisa.com and be sure to follow us on LinkedIn .

Newly established organization attracts talent via innovative pension solution

Retrieved on: 
Monday, June 21, 2021
Pensions, Defined benefit pension plan

With CAAT's expert team managing everything pension related, NDRIO's team can focus on developing Canada's highly qualified researchers and enabling global innovation through Canadian research.

Key Points: 
  • With CAAT's expert team managing everything pension related, NDRIO's team can focus on developing Canada's highly qualified researchers and enabling global innovation through Canadian research.
  • Since its launch in 2019, more than 80 employers have chosen the innovative DBplus pension plan design to provide peace of mind to their employees.
  • "One of our main goals at CAAT is to provide an innovative, high-value pension plan solution to more workplaces across Canada.
  • Established in 1967, the CAAT Pension Plan is an independent, jointly governed plan that offers two defined benefit pension designs.