Posted 9/4/2023, 11:01:00 PM

Raise pension contributions to combat UK capital market decline, says think-tank

Higher minimum pension contributions and increased regulatory measures are needed to address shortfalls in retirement income and revive Britain's capital market, according to a report by think-tank New Financial, in partnership with Citi bank and abrdn asset management. The report highlights the urgency of avoiding inadequate pension provisions and suggests that more investment should flow into UK-based companies and riskier assets.

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Relevant topic timeline:

8/21/2023

Australia's $1.5 trln pension sector invests in debt again

Australia's pension sector has increased its investments in local and foreign debt by over A$20 billion in the past year, as higher yields make fixed income assets more attractive. This shift marks a departure from the country's traditional preference for equities and reflects a broader trend of pension funds globally increasing their allocations to fixed income securities.

9/11/2023

Global Pension Funds See Worst Losses Since 2008 Financial Crisis, But Ireland Fares Relatively Well Over Last Decade

Pension funds worldwide experienced their worst year since the 2008 financial crash, with assets under management dropping by 12.9%, according to a report by the Thinking Ahead Institute. The study also revealed that Ireland had performed relatively well compared to other countries, with Irish pension funds delivering a compound annual growth rate of 4.6% over the past decade.