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pension,

Colombia pension reform would impact capital markets, private funds say

March 23, 2023
Colombia pension reform would impact capital markets, private funds say - photo licensed by shore news network.

By Nelson Bocanegra BOGOTA (Reuters) – Colombia’s private pension funds association said on Thursday a reform proposed by the leftist government of President Gustavo Petro …

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Explainer-Why is Macron in so much trouble over pension reform?

March 20, 2023
Explainer-why is macron in so much trouble over pension reform? - photo licensed by shore news network.

By Richard Lough PARIS (Reuters) – President Emmanuel Macron faces the toughest challenge to his authority after his government bypassed the lower house to push …

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Australia’s biggest pension funds not doing enough on climate, activist investor says

March 15, 2023
Australia's biggest pension funds not doing enough on climate, activist investor says - photo licensed by shore news network.

SYDNEY (Reuters) – Australia’s five largest pension funds were not doing enough to push fossil fuel companies toward decarbonisation, activist investor group Market Forces said …

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French union leader vows to keep fighting Macron’s pension plan

March 12, 2023
French union leader vows to keep fighting macron's pension plan - photo licensed by shore news network.

PARIS (Reuters) – French unions will keep on fighting against President Emmanuel Macron’s pension reform plan despite the upper house of parliament approving the text …

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South Korea to reactivate FX swap between pension fund, cenbank

March 9, 2023
South korea to reactivate fx swap between pension fund, cenbank - photo licensed by shore news network.

By Yena Park and Jihoon Lee SEOUL (Reuters) -South Korea’s finance minister said on Thursday foreign exchange authorities were in talks to reactivate market stabilizing …

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‘Bring The Economy To Its Knees’: Protestors Blockade Western Nation’s Oil Refineries Over Pension Reform

March 7, 2023
‘bring the economy to its knees’: protestors blockade western nation’s oil refineries over pension reform - photo licensed by shore news network.

‘Bring The Economy To Its Knees’: Protestors Blockade Western Nation’s Oil Refineries Over Pension Reform John Hugh DeMastri on March 7, 2023 Striking union workers …

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Exclusive-S.Korea pension fund ready to revive FX swap with cenbank

March 5, 2023
Exclusive-s. Korea pension fund ready to revive fx swap with cenbank - photo licensed by shore news network.

By Jihoon Lee and Yena Park SEOUL (Reuters) – South Korea’s National Pension Service (NPS), manager of the world’s third-largest public pension fund, will collaborate …

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California pension fund asks to meet Norfolk Southern after Ohio derailment

February 21, 2023
California pension fund asks to meet norfolk southern after ohio derailment - photo licensed by shore news network.

By Isla Binnie and Simon Jessop NEW YORK (Reuters) – Major U.S. pension fund CalPERS is seeking a meeting with rail operator Norfolk Southern at …

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Pension schemes’ share of hedge fund investments hits lowest in 5 years – Goldman

February 15, 2023
Pension schemes' share of hedge fund investments hits lowest in 5 years - goldman - photo licensed by shore news network.

By Nell Mackenzie LONDON (Reuters) – Investments by global pension schemes fell to the smallest proportion in five years of overall hedge fund assets at …

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Bucco: Murphy Passes the Buck on Public Employee Pension & Health Benefit Costs to Property Taxpayers

February 14, 2023
Sen. Anthony M. Bucco said Gov. Phil Murphy is passing the buck to property taxpayers after his mismanagement led to surging costs in public employee pensions and health benefits for local governments.

Strikes against pension reforms to disrupt French rail and air traffic on Tuesday

February 5, 2023
Strikes against pension reforms to disrupt french rail and air traffic on tuesday - photo licensed by shore news network.

PARIS (Reuters) – French train and air services are expected to be heavily disrupted on Tuesday by a nationwide strike against pension reforms, the national …

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UK passing $23 billion pension reform bill to workers, unions tell London court

January 31, 2023
Uk passing $23 billion pension reform bill to workers, unions tell london court - photo licensed by shore news network.

LONDON (Reuters) – Two British trade unions challenging changes to public sector pensions told a London court on Tuesday that the government was unlawfully passing …

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Factbox-Later retirement, income guarantees: What’s in France’s pension reform?

January 30, 2023
Factbox-later retirement, income guarantees: what's in france's pension reform? - photo licensed by shore news network.

PARIS (Reuters) – President Emmanuel Macron’s plan to reform France’s costly pension system, including raising the retirement age, has infuriated trade unions who are calling …

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South Korea pension fund will deplete faster than expected, report says

January 27, 2023
South korea pension fund will deplete faster than expected, report says - photo licensed by shore news network.

SEOUL (Reuters) – South Korea’s huge national pension fund is set to see its pool of money depleted by 2055, earlier than expected, because of …

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Trains, flights cancelled in France on Thursday in strike against pension reform

January 17, 2023
Trains, flights cancelled in france on thursday in strike against pension reform - photo licensed by shore news network.

PARIS (Reuters) -Most trains will be cancelled in France on Thursday, with flights also affected and Paris’ subway heavily disrupted, as part of a nationwide …

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Ghana says debt exchange talks with local pension funds continuing

January 11, 2023January 11, 2023
Ghana says debt exchange talks with local pension funds continuing - photo licensed by shore news network.

ACCRA (Reuters) – Ghana’s finance ministry on Wednesday said negotiations on the terms of a domestic debt exchange agreement with local pension funds were continuing …

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There’s A Massive Red Flag That Could Spell Disaster For Americans’ Pension Plans

December 28, 2022
There’s a massive red flag that could spell disaster for americans’ pension plans - photo licensed by shore news network.

There’s A Massive Red Flag That Could Spell Disaster For Americans’ Pension Plans Laurel Duggan on December 27, 2022 U.S. government pension funds currently have …

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South Korea pension fund opens up FX hedging limit to maximum 10%

December 16, 2022

By Jihoon Lee SEOUL (Reuters) -South Korea’s mammoth state pension fund will hedge foreign exchange risks for up to 10% of its overseas investment compared …

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JPMorgan, UBS and others vie for bigger share of China’s pension market

November 30, 2022November 30, 2022
Jpmorgan, ubs and others vie for bigger share of china's pension market - photo licensed by shore news network.

By Selena Li and Jason Xue HONG KONG (Reuters) – Chinese ventures of foreign asset managers including JPMorgan, Warburg Pincus and UBS are gearing up …

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Rapidly ageing China rolls out private pension scheme in 36 cities

November 25, 2022

SHANGHAI (Reuters) -China launched its first private pension scheme in 36 cities on Friday as it grapples with a rapidly ageing population, allowing individuals to …

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Singapore’s gig workers to get work injury, pension coverage

November 24, 2022
Singapore's gig workers to get work injury, pension coverage - photo licensed by shore news network.

By Chen Lin SINGAPORE (Reuters) – Singapore will extend work injury insurance and pension coverage to food delivery and ride-hailing workers under proposed legislative changes …

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China broadens private pension scheme with new participants, products

November 18, 2022

SHANGHAI (Reuters) -China broadened its private pension scheme on Friday, allowing qualified banks and wealth companies to start individual pension businesses, and published a list …

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Vanguard launches Australian pension fund in bid for $2 trillion savings pool

November 10, 2022November 10, 2022
Vanguard launches australian pension fund in bid for $2 trillion savings pool - photo licensed by shore news network.

SYDNEY (Reuters) – The world’s second-largest fund manager Vanguard launched a pension fund in Australia on Friday, the first new fund licence approved in six …

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Canada’s No. 2 pension fund Caisse sees opportunities in battered bond market

October 21, 2022October 20, 2022
Canada's no. 2 pension fund caisse sees opportunities in battered bond market - photo licensed by shore news network.

By Divya Rajagopal TORONTO (Reuters) – Canada’s second largest pension fund Caisse de dépôt et placement du Québec sees opportunities in global fixed income assets …

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Senior KFC executives opt for retirement as interest rates hit pension payouts -WSJ

October 15, 2022October 15, 2022
Senior kfc executives opt for retirement as interest rates hit pension payouts -wsj - photo licensed by shore news network.

(Reuters) – Three senior KFC executives have notified the U.S. fried chicken chain’s parent company Yum Brands Inc that they will take early retirement as …

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Texas Teachers’ Pension to cut China target allocation

October 14, 2022

(Reuters) – The $184 billion Texas Teachers’ pension fund is set to settle on a new emerging markets stock benchmark, a move that will cut …

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BoE’s repo facility to ease pension pain is no silver bullet, sources say

October 13, 2022
Boe's repo facility to ease pension pain is no silver bullet, sources say - photo licensed by shore news network.

By Sinead Cruise and Tommy Wilkes LONDON (Reuters) – A Bank of England fix to ease pension schemes’ cash crunch by getting banks to assume …

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U.S. pension rebalancing could boost bonds, international stocks, banks say

September 29, 2022September 29, 2022
U. S. Pension rebalancing could boost bonds, international stocks, banks say - photo licensed by shore news network.

By David Randall NEW YORK (Reuters) – U.S. fixed income and international equities could benefit from quarter-end rebalancing as pension funds square their books after …

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Explainer-Why are Britain’s pension schemes dumping gilts?

September 28, 2022
Explainer-why are britain's pension schemes dumping gilts? - photo licensed by shore news network.

LONDON (Reuters) – A dramatic upswing in British government bond yields this week triggered calls for cash from defined benefit pension funds, forcing them to …

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Canadian pension fund OTPP to buy 30% stake in India’s Mahindra renewables assets

September 18, 2022September 18, 2022
Canadian pension fund otpp to buy 30% stake in india's mahindra renewables assets - photo licensed by shore news network.

MUMBAI (Reuters) – Canadian pension fund Ontario Teachers’ Pension Plan has agreed to buy a 30% stake for 23.71 billion rupees ($297.5 million) in Indian …

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French retirement spending threatens deficit targets -pension panel

September 12, 2022
French retirement spending threatens deficit targets -pension panel - photo licensed by shore news network.

PARIS (Reuters) – France’s public spending on pensions as currently planned threatens President Emmanuel Macron’s deficit-reduction targets, an independent retirement system panel said in a …

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Liberal Pension Leaders Petition Credit Card Companies To Track Firearm Purchases

September 2, 2022August 30, 2022
Liberal pension leaders petition credit card companies to track firearm purchases - photo licensed by shore news network.

Liberal Pension Leaders Petition Credit Card Companies To Track Firearm Purchases John Hugh DeMastri on August 30, 2022 Pension officials in New York City and California have …

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Canadian pension fund CDPQ explores legal options over failed crypto firm

August 17, 2022
Canadian pension fund cdpq explores legal options over failed crypto firm - photo licensed by shore news network.

By Niket Nishant and Divya Rajagopal (Reuters) -Canada’s second-largest pension fund Caisse de dépôt et placement du Québec (CDPQ) is exploring legal options over bankrupt …

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‘Too big for Australia’, says pension fund eyeing global expansion

August 16, 2022

SYDNEY (Reuters) – Australia’s biggest pension fund has outgrown the country and wants to quadruple in size to be a global investment powerhouse worth A$1 …

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‘May Violate Multiple State Laws’: Republican AGs Demand BlackRock Answer For Pushing ESG On State Pension Funds

August 5, 2022
‘may violate multiple state laws’: republican ags demand blackrock answer for pushing esg on state pension funds - photo licensed by shore news network.

‘May Violate Multiple State Laws’: Republican AGs Demand BlackRock Answer For Pushing ESG On State Pension Funds ‘May Violate Multiple State Laws’: Republican AGs Demand …

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Baton Rouge Man Sentenced to 41 Months Imprisonment for Embezzling Funds from the New Orleans Firefighters Pension and Relief Fund

July 13, 2022
Baton rouge man sentenced to 41 months imprisonment for embezzling funds from the new orleans firefighters pension and relief fund - photo licensed by shore news network.

NEW ORLEANS, LA –  On July 12, 2022, United States District Court Judge Greg Guidry sentenced WAYNE TRICHE, 72, of Baton Rouge, Louisiana, to forty-one …

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Newark, Ohio woman sentenced for stealing Social Security and pension funds

July 8, 2022
Newark, ohio woman sentenced for stealing social security and pension funds - photo licensed by shore news network.

COLUMBUS, Ohio – Cindy S. Hardway stole more than $250,000 over 15 years by continuing to claim her father’s pension and Social Security benefits after …

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Taiwan’s largest pension fund hiring managers for $3 billion bond mandate

July 5, 2022

HONG KONG – Taiwan’s largest pension fund is seeking to hire global asset managers to run a bond portfolio totalling $3 billion. The Bureau of …

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Taiwan pension fund awards $2.3 billion ESG mandate to HSBC, Morgan Stanley, 3 others

June 24, 2022
Taiwan pension fund awards $2. 3 billion esg mandate to hsbc, morgan stanley, 3 others - photo licensed by shore news network.

By Selena Li HONG KONG – The fund management arms of HSBC and Morgan Stanley were among three others to win a mandate from Taiwan’s …

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Toyota heads into AGM under pressure from pension funds over climate

June 14, 2022
Toyota heads into agm under pressure from pension funds over climate - photo licensed by shore news network.

By David Dolan TOKYO – Toyota Motor Corp heads into its annual general meeting on Wednesday under fire from New York City and Danish pension …

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Former Tennessee Securities Broker-Dealer Sentenced To 78 Months’ Imprisonment For Embezzling $5.7 Million From Employee Pension Benefit Plan

June 2, 2022
Former tennessee securities broker-dealer sentenced to 78 months’ imprisonment for embezzling $5. 7 million from employee pension benefit plan - photo licensed by shore news network.

WILLIAMSPORT – The United States Attorney’s Office for the Middle District of Pennsylvania announced that a former securities broker based in Memphis, Tennessee, John Sherman …

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U.S. pension fund sues Credit Suisse board over losses in Archegos collapse

April 29, 2022
U. S. Pension fund sues credit suisse board over losses in archegos collapse - photo licensed by shore news network.

By Jody Godoy (Reuters) – A Rhode Island pension fund has sued Credit Suisse Group AG former Chairman Urs Rohner and 19 other directors and …

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China nudges mutual funds to offer pension products, stabilise markets

April 27, 2022
China nudges mutual funds to offer pension products, stabilise markets - photo licensed by shore news network.

SHANGHAI – China’s securities regulator nudged mutual funds to develop fund products for private pensions and asked them to stabilise markets, as Chinese equities witness …

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Colombia presidential candidates agree need for pension reform

April 22, 2022
Colombia presidential candidates agree need for pension reform - photo licensed by shore news network.

By Nelson Bocanegra CARTAGENA – Candidates most likely to win Colombia’s presidential elections on Friday agreed for the need to reform the country’s unbalanced pension …

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Florida pension leader praises Musk’s Twitter bid, criticizes poison pill

April 21, 2022
Florida pension leader praises musk's twitter bid, criticizes poison pill - photo licensed by shore news network.

By Ross Kerber (Reuters) – A Florida official praised Elon Musk’s offer to buy Twitter Inc and said pension officials will tell the company its …

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Woman Pleads Guilty for Collecting Dead Mother’s Pension

April 15, 2022

MIDDLETOWN, NY – A Middletown woman has pleaded guilty in court to collecting her dead mother’s pension. According to Orange County District Attorney David M. …

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Chile’s Boric proposes restricted pension withdrawals, citing inflation

April 12, 2022
Chile's boric proposes restricted pension withdrawals, citing inflation - photo licensed by shore news network.

SANTIAGO -A new pension withdrawal in Chile was voted down by a congressional committee Tuesday night after President Gabriel Boric submitted a competing proposal hours …

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California pension leader pushes for more women on boards, climate data

March 30, 2022March 30, 2022
California pension leader pushes for more women on boards, climate data - photo licensed by shore news network.

By Ross Kerber (Reuters) – One of California’s big pension funds said on Wednesday it will push companies to add more women to their boards …

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Analysis-Colombia presidential candidate Petro’s oil, pension proposals give investors pause

March 29, 2022
Analysis-colombia presidential candidate petro's oil, pension proposals give investors pause - photo licensed by shore news network.

By Nelson Bocanegra BOGOTA – Leftist Colombia presidential candidate Gustavo Petro’s promises to halt new oil projects and redistribute pension funds could put the country’s …

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New York state pension fund to divest Russia holdings

March 26, 2022March 25, 2022
New york state pension fund to divest russia holdings - photo licensed by shore news network.

By Jonathan Stempel NEW YORK – New York’s public pension fund, one of the largest pension funds in the United States, will divest its holdings …

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