Asset

Pension Crisis Looms Over Cincinnati as Report Urges Tax Hikes and Asset Sales

Cincinnati, Ohio – The state of Cincinnati’s pension system is causing concern as it falls behind, posing potential devastating consequences for the city’s budget, according to a recent report released by the Cincinnati Futures Commission. The report highlights how economic recessions and a decrease in the city’s workforce over the years have significantly impacted the financial stability of the pension system. Back in 1999, there was approximately one city employee for every retiree, resulting in …

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Pension Funds: Ready for Mass Private Asset Sale Amid UK Gilt Crisis

LONDON – UK pension funds are at the center of a crisis as they prepare for a large-scale private asset sale to alleviate the pressure caused by a surge in government bond yields. In response to the recent increase in bond yields, pension funds in the UK are faced with the challenge of needing to sell off a significant amount of private assets, such as real estate and infrastructure, to cover the shortfall in their …

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Retirement Crisis Looms as Asset Managers Race to Provide Solutions

New York, USA – Larry Fink, the chief executive of BlackRock, recently raised concerns about a possible “retirement crisis” in the United States. This issue not only underscores a widespread societal challenge but also points to a lucrative business opportunity for money managers, insurers, and other industry players aiming to capitalize on the growing demographic shifts. As longevity increases worldwide, countries are grappling with the financial burden of supporting aging populations. In the US, the …

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Pension Fund Manager Preference and Asset Allocation: Key Decisions for NPS Subscribers

Mumbai, India – National Pension System (NPS) subscribers have the responsibility of choosing their Pension Fund Manager (PFM) and scheme preference upon registration with the Central Recordkeeping Agency (CRA) system under NPS. With various PFMs available within the NPS framework, subscribers have the option to choose between investment options, namely Auto or Active, and allocate their investments among four asset classes: Equity, Corporate Debt, Government Bonds, and Alternative Investment Funds. In the compulsory Tier-1 account, …

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