The latest Pension News
A Sneaky Form of Climate Obstruction Hurts Pension Funds
By Tobias Read Source: The New York Times In several Republican-led states, the officials who oversee pension funds for millions of state workers are being told, or may soon be told, to ignore the financial risks associated with a warming world. There’s something distinctly anti-free market about policymakers limiting investment professionals’ choices — and it’s putting the retirement savings of millions at risk. The Texas comptroller, Glenn Hegar, recently announced [...]
The U.S. retirement system gets a ‘C+’ grade, experts say — even though it’s worth $39 trillion. Here’s why
By Greg Iacurci Source: CNBC The U.S. retirement system may seem flush — yet it ranks poorly in relation to those in other developed nations. Collectively, Americans had more than $39 trillion in wealth earmarked for old age at the end of 2021, according to the Investment Company Institute. However, the U.S. places well outside the top 10 on various global retirement rankings from industry players, such as the Mercer [...]
World’s largest pension funds reach new $23.6 trillion record
Source: WTW Assets under management (AuM) at the world’s top 300 pension funds increased by 8.9% to reach a new record, totaling $23.6 trillion in 2021, according to the annual research conducted by WTW’s Thinking Ahead Institute. The research highlights high-level trends in the pension fund industry and provides information on the changing characteristics of these funds. While total AuM has reached record highs, growth has slowed from 11.5% in 2020 [...]