An analysis of submissions made to the U.S. Securities and Exchange Commission reveals a sharp divide between the opinions of institutional investors and corporate executives when it comes to a proposal to standardize corporate climate disclosures. “Comments from different parties did not always fall along corporates versus investors, though some did,” wrote Subodh Mishra, global […]
A resolution passed by the trustees of the Florida State Board of Administration with the approval of Governor Ron DeSantis is barring state pension fund managers from making fiduciary decisions based on environmental, social and governance criteria. “As used in this section, ‘pecuniary factor’ means a factor that the board prudently determines is expected to […]
A fifth (19 per cent) of U.S. employees say they’ve adjusted their retirement strategy and are taking a more conservative savings approach amid economic uncertainty, according to a new report by Fidelity Investments Inc. It found the total savings rate for the second quarter of 2022 continued the positive momentum achieved in the first quarter, […]
The uniting theme at the 2022 Defined Contribution Plan Summit was financial wellness, a chief concern for any employer that offers a pension plan to its workforce. In particular, with inflation reaching its highest level in four decades and people facing several competing financial priorities, including simple day-to-day expenses, plan sponsors are bringing flexibility to […]
When it comes to educating women about retirement and their finances, the needle hasn’t moved enough in the past few decades because the language being used by the industry isn’t connecting to what’s really going on, said Jenine Garrelick, senior managing director at MFS Fund Distributors Inc., during a session at Benefits Canada‘s 2022 DC […]
In 2016, the Calgary Foundation launched an impact investment program — one that required as much creativity as financial acumen to design. Perhaps that’s why the job fell to Lauren Frosst, director of investments at the endowment fund, which provided $66.9 million in funding to 1,100 charitable organizations last year. Beyond her experience designing a […]
The world’s electrical grids require massive investments if countries are to meet net-zero carbon emissions by 2050 goals, according to a new report from the Ontario Teachers’ Pension Plan. “In many countries, including the world’s most advanced economies, aging grids are not yet ready for the expected surge in demand,” noted the report. “Nor were […]
Banks must provide institutional investors with more information on climate strategies, according to the head of an organization of European pension funds and asset managers seeking to curb carbon emissions. “For investors considering their own net-zero alignment and stewardship of portfolio companies, it is critical that they have sufficient information on companies’ transition planning, including […]
Canada’s defined benefit pension plan sponsors are more concerned about broad-scale climate resilience in portfolios than they were before the coronavirus pandemic, according to a new report by the Global Risk Institute and the Smart Prosperity Institute. “It’s increasingly clear that climate change’s impact is accelerating and that’s fuelling a movement toward sustainable finance,” says […]
The Canadian Association of Pension Supervisory Authorities’ risk management guideline committee is seeking nominations for an industry working group. The committee will draw on the group members’ technical input and expertise in the areas of integrated risk management, according to a press release, which noted participants will be selected from various pension sector categories based on […]