Pension funds

Top pension firms celebrated in World Finance's 2021 Pension Fund Awards

Retrieved on: 
Monday, July 5, 2021
Personal finance, Pension funds, Banorte, Pension, Finance, Financial services, Economy

The latest issue of World Finance champions the pension funds at the heart of these movements on the global stage.

Key Points: 
  • The latest issue of World Finance champions the pension funds at the heart of these movements on the global stage.
  • Among the recipients of the 2021 Pension Fund Awards is Afore XXI-Banorte, the largest pension fund management company in Mexico.
  • Progressive and dynamic planning is key if pension funds are to adapt to changing priorities around sustainability in the business sector.
  • World News Media, the parent company of World Finance , is a leading publisher of quality financial and business magazines, which enjoys a global distribution network that includes subscriber lists of prominent decision-makers around the world.

Top pension firms celebrated in World Finance's 2021 Pension Fund Awards

Retrieved on: 
Monday, July 5, 2021
Personal finance, Pension funds, Banorte, Pension, Finance, Financial services, Economy

The latest issue of World Finance champions the pension funds at the heart of these movements on the global stage.

Key Points: 
  • The latest issue of World Finance champions the pension funds at the heart of these movements on the global stage.
  • Among the recipients of the 2021 Pension Fund Awards is Afore XXI-Banorte, the largest pension fund management company in Mexico.
  • Progressive and dynamic planning is key if pension funds are to adapt to changing priorities around sustainability in the business sector.
  • World News Media, the parent company of World Finance , is a leading publisher of quality financial and business magazines, which enjoys a global distribution network that includes subscriber lists of prominent decision-makers around the world.

Altshuler Shaham Selects Sapiens for the Operation and Automation of its Provident and Pension Funds

Retrieved on: 
Tuesday, January 5, 2021
Pension funds, Pension, Personal finance

Altshuler Shaham, Israel's largest investment house and fastest growing provident and pension funds, reported massive growth in both assets and number of members during the first 3 quarters of 2020.

Key Points: 
  • Altshuler Shaham, Israel's largest investment house and fastest growing provident and pension funds, reported massive growth in both assets and number of members during the first 3 quarters of 2020.
  • As part of its strategic decision to enter the operations sector, Sapiens recently acquired Tiful Gemel company and its activities, which include the management and operation of provident and pension funds.
  • Altshuler Shaham can now benefit from Sapiens' significant presence and extensive experience in the field of life insurance, long-term savings and pensions, both in Israel and globally.
  • Roni Al-Dor, CEO of Sapiens:"We are pleased and excited about this vote of confidence from the management of Altshuler Shaham.

Altshuler Shaham Selects Sapiens for the Operation and Automation of its Provident and Pension Funds

Retrieved on: 
Tuesday, January 5, 2021
Pension funds, Pension, Personal finance

Altshuler Shaham, Israel's largest investment house and fastest growing provident and pension funds, reported massive growth in both assets and number of members during the first 3 quarters of 2020.

Key Points: 
  • Altshuler Shaham, Israel's largest investment house and fastest growing provident and pension funds, reported massive growth in both assets and number of members during the first 3 quarters of 2020.
  • As part of its strategic decision to enter the operations sector, Sapiens recently acquired Tiful Gemel company and its activities, which include the management and operation of provident and pension funds.
  • Altshuler Shaham can now benefit from Sapiens' significant presence and extensive experience in the field of life insurance, long-term savings and pensions, both in Israel and globally.
  • Roni Al-Dor, CEO of Sapiens:"We are pleased and excited about this vote of confidence from the management of Altshuler Shaham.

Global Pension Funds Industry| Growth, Trends, and Forecast (2020 - 2025)

Retrieved on: 
Tuesday, September 22, 2020
Pensions, Finance, Pension funds, Money, Economy, Pensions crisis

Pension funds are adapting their investment strategies to succeed in today's complex and demanding environment.

Key Points: 
  • Pension funds are adapting their investment strategies to succeed in today's complex and demanding environment.
  • Pension funds grew by 0.4% in 2018 to $35.6 trillion, significantly below the sector's annual average growth of 6.3% between 2012 and 2017.
  • The slowdown in the growth of financial assets held by pension funds was a common trend in most advanced economies, including the US which represents 63% of global pension fund assets.
  • The report includes an overview of the largest pension funds and a few corporate funds operating pension schemes worldwide.

Equable Institute Analysis Shows U.S Statewide Public Pension Funds Entering COVID-19 Pandemic Recession in Worse Position Than 2008

Retrieved on: 
Tuesday, August 18, 2020
Economy, Pensions, Pension funds, Articles, Employment, Business cycle, Recession, Unemployment, Retirement, COVID-19 recession

NEW YORK, Aug. 18, 2020 /PRNewswire/ -- A new report by Equable Institute exploring public retirement system trends found that despite a decade-long bull market, U.S. statewide public pension funds entered the COVID-19 recession in a worse position than the Great Recession of 2008.

Key Points: 
  • NEW YORK, Aug. 18, 2020 /PRNewswire/ -- A new report by Equable Institute exploring public retirement system trends found that despite a decade-long bull market, U.S. statewide public pension funds entered the COVID-19 recession in a worse position than the Great Recession of 2008.
  • The analysis also finds that as of the end of 2019, only 1 in 5 public pension funds is resilient enough to weather future market downturns.
  • The 2020 edition of the report also illuminates the far-reaching impact of COVID-19, by analyzing post-Great Recession pension funding and policy trends.
  • While State of Pensions 2020 finds that public pension funding is declining nationally, deeper analysis shows a more complex reality.

Leaders of Prudential’s longevity reinsurance business optimistic about a vibrant 2020 risk transfer market after record-breaking 2019

Retrieved on: 
Tuesday, February 18, 2020
Banking, Professional services, Insurance, Finance, Prudential regulation, Companies, Prudential plc, Longevity risk, Economy, Pension funds, Stock exchanges, Prudential Retirement, Prudential Financial, Inc., Rothesay Life

2019 was an extraordinary year in the global risk transfer markets, having started the year at the best funded status that U.S., U.K. and Canadian pension funds had seen since the financial crisis, said Amy Kessler, head of longevity risk transfer for PICA.

Key Points: 
  • 2019 was an extraordinary year in the global risk transfer markets, having started the year at the best funded status that U.S., U.K. and Canadian pension funds had seen since the financial crisis, said Amy Kessler, head of longevity risk transfer for PICA.
  • They were pursued in a thoughtful and efficient manner, driven by long-term de-risking goals set by the pension schemes, culminating in the ability to transfer risk in an incredibly busy marketplace.
  • In 2020, smaller transactions will be a growth area to watch, as will the burgeoning risk transfer markets in Canada and the Netherlands, Kessler concluded.
  • Rothesay Life is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Lothian Pension Fund Streamlines its Investment Management Processes with Charles River IMS

Retrieved on: 
Monday, January 27, 2020
Banking, Professional services, Finance, Economy, Finance, Money, Financial services, Pension funds, Investment management, Pensions, Local Government Pension Scheme, Charles River, a State Street Company, State Street Corporation, Lothian Pension Fund

Lothian Pension Fund , the Edinburgh-based local government pension scheme provider, has completed the implementation of the Charles River Investment Management Solution ( Charles River IMS ) to help strengthen its investment processes and provide capacity for expansion of its third-party services.

Key Points: 
  • Lothian Pension Fund , the Edinburgh-based local government pension scheme provider, has completed the implementation of the Charles River Investment Management Solution ( Charles River IMS ) to help strengthen its investment processes and provide capacity for expansion of its third-party services.
  • As the pension market evolves, asset owners, such as Lothian, are seeking ways to optimise their investment strategies and better manage risk, said Gavin Lavelle, Managing Director EMEA, Charles River.
  • The Charles River Investment Management Solution (Charles River IMS) is designed to automate and simplify the institutional investment process across asset classes, from portfolio management and risk analytics through trading and post-trade settlement, with integrated compliance and managed data throughout.
  • Lothian Pension Fund (LPF) administers the Local Government Pension Scheme (LGPS) in Edinburgh and the Lothians.

Ontario Teachers' congratulates COO Rosemarie McClean on being appointed CEO of the United Nations Joint Staff Pension Fund

Retrieved on: 
Monday, August 26, 2019
Pension funds, Finance, Ontario Teachers' Pension Plan, Money, Investment, United Nations Joint Staff Pension Fund

TORONTO, Aug. 26, 2019 /PRNewswire/ -Ron Mock, President and CEO of the Ontario Teachers' Pension Plan (Ontario Teachers') today announced that Rosemarie McClean, Chief Operating Officer, Enterprise Operations, is leaving at the end of 2019 to become CEO of the United Nations Joint Staff Pension Fund, effective January 1, 2020.

Key Points: 
  • TORONTO, Aug. 26, 2019 /PRNewswire/ -Ron Mock, President and CEO of the Ontario Teachers' Pension Plan (Ontario Teachers') today announced that Rosemarie McClean, Chief Operating Officer, Enterprise Operations, is leaving at the end of 2019 to become CEO of the United Nations Joint Staff Pension Fund, effective January 1, 2020.
  • "In addition to being enormously smart and capable, Rosemarie is a genuinely caring person who has always put our members first.
  • Rosemarie joined Ontario Teachers' in 1986 and since then she has taken on bigger and broader mandates, leading to her current position as COO, Enterprise Operations.
  • The Ontario Teachers' Pension Plan (Ontario Teachers') is Canada's largest single-profession pension plan, with $201.4 billion in net assets at June 30, 2019.

Ontario Teachers' congratulates COO Rosemarie McClean on being appointed CEO of the United Nations Joint Staff Pension Fund

Retrieved on: 
Monday, August 26, 2019
Pension funds, Finance, Ontario Teachers' Pension Plan, Money, Investment, United Nations Joint Staff Pension Fund

TORONTO, Ontario, Aug. 26, 2019 /CNW/ -Ron Mock, President and CEO of the Ontario Teachers' Pension Plan (Ontario Teachers') today announced that Rosemarie McClean, Chief Operating Officer, Enterprise Operations, is leaving at the end of 2019 to become CEO of the United Nations Joint Staff Pension Fund, effective January 1, 2020.

Key Points: 
  • TORONTO, Ontario, Aug. 26, 2019 /CNW/ -Ron Mock, President and CEO of the Ontario Teachers' Pension Plan (Ontario Teachers') today announced that Rosemarie McClean, Chief Operating Officer, Enterprise Operations, is leaving at the end of 2019 to become CEO of the United Nations Joint Staff Pension Fund, effective January 1, 2020.
  • Rosemarie joined Ontario Teachers' in 1986 and since then she has taken on bigger and broader mandates, leading to her current position as COO, Enterprise Operations.
  • "I have been very fortunate to spend the majority of my career at such a great organization as Ontario Teachers'.
  • The Ontario Teachers' Pension Plan (Ontario Teachers') is Canada's largest single-profession pension plan, with $201.4 billion in net assets at June 30, 2019.