Davos report recommends 8 year increase to retirement age
Global leaders and business chiefs were warned that the rate at which society is ageing is rapidly increasing, with 2.1bn people set to be aged 60 or over by 2050. This is...
Global
International PMI firm collapses after uncovering financial black hole
Corporate advisers are being warned they could face an influx of queries from multinational clients after the collapse of the international PMI provider Global Benefits Group. The group, which covers health, life,...
IFM Investors hires WTW head as it expands overseas
IFM Investors — the private markets investment manager owned by a number of Australian pension funds — has appointed Rekha Misra to be its global head of product strategy and innovation. Misra...
Government pledges ‘climate finance’ to boost green investment in developing economies
The UK Government has pledged almost £500m of climate finance aid to developing countries at the 'Finance Day' at COP28 today. It says this is part of a wider £1.6bn climate aid...
LGIM launches Future World sovereign bond funds
Legal and General Investment Management is launching a new range of ESG sovereign bond funds. The first will be the Emerging Markets Government Bond Local Currency Index Fund - will be part of...
World’s largest asset owners look to diversify into private asset and ESG strategies
Large asset owners are confident in their portfolios’ resilience, despite market uncertainty with more targeting higher infrastructure and private debt and equity allocations. This is the more upbeat picture form Mercer’s latest global...
Pensions funds look to increase allocations to illiquid assets
One in four (26 per cent) institutional investors are looking to dramatically increase allocation to illiquid assets in the next three years while, while a further 59 per cent expect allocations to...
Maria Nazarova-Doyle: Time for a fresh approach to biodiversity?
Nature degradation and the loss of biodiversity are among the greatest threats facing our planet, our society and our economy. Biodiversity supports all systems of life on Earth. It encompasses all species,...
Smart’s AUM boosted to £8bn with latest US acquisition
Fintech pension provider Smart has acquired the US retirement savings provider ProManage for an undisclosed sum. This is the latest global acquisition by Smart and takes its AUM from £5.5bn to £8bn....
ISS launches new range of biodiversity indices
Institutional Shareholder Services’s ESG arm has launched a new range of passive indices based around biodiversity. These new products are likely to appeal to many institutional investors, including pension funds that increasingly...
