Pension

Port Houston Regular Commission Meeting

Retrieved on: 
Friday, April 19, 2024
Other Construction & Property, State, Local, Construction & Property, Other Transport, Trucking, Rail, Engineering, Maritime, Urban Planning, Transport, Public Policy, Government, Logistics, Supply Chain Management, Manufacturing, Cisco Webex, Port, Pension, Tutoring

The Port Commission of the Port of Houston Authority will hold its Regular Monthly Meeting on Tuesday, April 23, 2024, beginning at 9:15 a.m. A quorum of the Port Commission, along with executive leadership, will be present in the boardroom of the Port Houston Executive Office Building, located at 111 East Loop North, Houston, TX 77029.

Key Points: 
  • The Port Commission of the Port of Houston Authority will hold its Regular Monthly Meeting on Tuesday, April 23, 2024, beginning at 9:15 a.m. A quorum of the Port Commission, along with executive leadership, will be present in the boardroom of the Port Houston Executive Office Building, located at 111 East Loop North, Houston, TX 77029.
  • On this same date, the Port Commission Audit Committee will meet at 8:30 a.m. prior to the Port Commission Regular Monthly Meeting, which is scheduled to meet at 9:15 a.m.
  • Immediately following or thereafter the adjournment of the Regular Monthly meeting, the Business Equity Committee is scheduled to meet at 10:00 a.m.
  • The next Port Commission Regular Monthly Meeting is on Tuesday, May 21, 2024.

The Standard Promotes Julie Briggs to Vice President of Strategic Innovation and Emerging Markets and Asset Management Group Actuary

Retrieved on: 
Friday, April 19, 2024
Professional Services, Insurance, Finance, Corporation, Standard Insurance Company, American Academy, Emerging market, Society of Actuaries, Retirement, Risk, Pension, WTW, Risk management, Mathematics, AMG, Standard, Multimedia, The Standard, Towers Perrin, Willamette University

Standard Insurance Company ( The Standard ) announced today that Julie Briggs has been promoted to vice president of Strategic Innovation and Emerging Markets and Asset Management Group Actuary.

Key Points: 
  • Standard Insurance Company ( The Standard ) announced today that Julie Briggs has been promoted to vice president of Strategic Innovation and Emerging Markets and Asset Management Group Actuary.
  • View the full release here: https://www.businesswire.com/news/home/20240419608802/en/
    Julie Briggs, Vice President of Strategic Innovation and Emerging Markets and Asset Management Group Actuary at The Standard (Photo: Business Wire)
    In her new role, Briggs is responsible for the leadership of all AMG actuarial and finance functions, working closely with The Standard’s corporate partners to balance growth, risk and the increasing contributions of AMG to the company.
  • Most recently, Briggs served as assistant vice president of Retirement Plans Actuarial and Finance.
  • Ijaz, vice president of Asset Management Group at The Standard.

Wellington Management Announces Close of Inaugural Climate Innovation Fund

Retrieved on: 
Wednesday, April 17, 2024
Finance, Environment, Professional Services, Climate Change, Asset Management, Climate change, Agriculture, AI, Woodwell Climate Research Center, City, Software, Insurance, Research, Transport, Food, Wellington Management Company, Fund, Pension, Renewable energy

Wellington Management (“Wellington” or the “Firm”), one of the world’s largest independent investment management firms, today announced the final close of the Wellington Climate Innovation Fund (“CIF” or the “Fund”), with US$385 million in commitments.

Key Points: 
  • Wellington Management (“Wellington” or the “Firm”), one of the world’s largest independent investment management firms, today announced the final close of the Wellington Climate Innovation Fund (“CIF” or the “Fund”), with US$385 million in commitments.
  • CIF is Wellington’s first fund to invest solely in private companies developing solutions to help mitigate and adapt to climate change.
  • “Climate change is an existential threat to society and touches every sector of the global economy, making it one of the largest and most necessary investment opportunities we will see in our lifetimes,” said Greg Wasserman, Head of Private Climate Investing at Wellington Management.
  • The team has extensive experience investing in climate solutions and leverages Wellington’s broader investment, research and sustainability capabilities in public and private markets, along with the Firm’s research collaboration with Woodwell Climate Research Center, the leading independent climate change research institute.

AlphaGeo announces launch of AI-powered geospatial platform to future-proof global investing

Retrieved on: 
Thursday, April 25, 2024
Book, Multimedia, Machine learning, Insurance, ETF, Complexity, Pension, Risk, IRT, Policy, Climate, Management

The result is a comprehensive library of more than 50 billion datapoints comprised of nearly 100 engineered features across over 40 million indexed locations.

Key Points: 
  • The result is a comprehensive library of more than 50 billion datapoints comprised of nearly 100 engineered features across over 40 million indexed locations.
  • Over a dozen actionable metrics allow asset managers to rank and benchmark location performance under three major climate scenarios and four time periods to 2100.
  • Chief Technology Officer Abraham Wu points out that "risk is not the determinant of a location's future – resilience is.
  • Our holistic yet quantitative approach is the first to measure that ground truth for any location in the world."

New AARP Survey: 1 in 5 Americans Ages 50+ Have No Retirement Savings and Over Half Worry They Will Not Have Enough to Last in Retirement

Retrieved on: 
Wednesday, April 24, 2024
Congress, Comparison (grammar), Pension, Woman, State, Housing, Federation, Retirement, Legislation, AARP, Food, Tide, Running, Automatic

WASHINGTON, April 24, 2024 /PRNewswire/ -- A new AARP survey finds that 20% of adults ages 50+ have no retirement savings, and more than half (61%) are worried they will not have enough money to support them in retirement. The findings also reveal a decline in overall sense of financial security among men, 42% of whom describe their financial situation as "fair" or "poor," up from 34% in the beginning of 2022. However, roughly 40% of men who are regularly saving for retirement believe they are saving enough, compared to just 30% of women.  

Key Points: 
  • However, roughly 40% of men who are regularly saving for retirement believe they are saving enough, compared to just 30% of women.
  • "Everyday expenses continue to be the top barrier to saving more for retirement, and some older Americans say that they never expect to retire."
  • Americans are 15 times more likely to save for retirement when they have access to a workplace plan.
  • And learn more about AARP's ongoing efforts to make it easier for everyone to save for retirement.

Nationwide accelerates adoption of in-plan protected retirement solutions with launch of Dynamic Default feature

Retrieved on: 
Wednesday, April 24, 2024
Capital Group Companies, City, Retirement, AUM, Face, NCIT, Ernst & Young, Pension, Longevity, Growth, DB, Life insurance

COLUMBUS, Ohio, April 24, 2024 /PRNewswire/ -- In 2020, Nationwide led the industry with the launch of an entire suite of in-plan protected retirement solutions to help employer-sponsored retirement plan participants convert their savings into protected income they won't outlive in retirement. Now Nationwide will accelerate adoption of these solutions by being the first in the industry to allow plan sponsors to automatically default participants into a protected retirement solution through Dynamic Default. While many employers are familiar with setting a default investment for participants – Nationwide's dynamic default will allow the employer to select multiple default investment options based on age.

Key Points: 
  • Now Nationwide will accelerate adoption of these solutions by being the first in the industry to allow plan sponsors to automatically default participants into a protected retirement solution through Dynamic Default .
  • As of the end of the first quarter of 2024, 6,931 plans offered in-plan protected retirement solutions supported by Nationwide with $4.95 billion in assets under management (AUM) for 64,372 participants who have adopted a protected retirement investment solution.
  • Based on positive feedback from these plan sponsors, Nationwide will build on this success with the introduction of a new Dynamic Default feature.
  • "We're really starting to see a lot more employers become more comfortable offering protected retirement solutions, and we believe offering them through dynamic default will be the next generation of retirement plan auto features," said Eric Stevenson , President of Nationwide Retirement Solutions.

American Voters: We Have a Retirement Crisis

Retrieved on: 
Tuesday, April 23, 2024
Prosperity, POS, Research, APSR, Human, Retirement, Republican, Public opinion, Democrat, Partisan, Pension, Financial adviser

WILMINGTON, Del., April 23, 2024 /PRNewswire/ -- American voters are concerned about retirement savings and are not confident they will have enough money saved for their retirement years, according to public opinion research completed for the Alliance for Prosperity and a Secure Retirement.

Key Points: 
  • Even more, 87 percent say the country faces a retirement crisis.
  • Nearly all the focus group participants believed there is a retirement crisis in America.
  • Nearly all the focus group participants vocalized their belief that there is a retirement crisis in America.
  • We represent the investor's voice and advance constructive solutions to address the American retirement crisis.

NexPoint Publishes Annual Report Highlighting Investment Activity and Growth Across Firm in 2023

Retrieved on: 
Tuesday, April 23, 2024
Recognition, Pension, Annual report, Growth, DFW, Housing

DALLAS, April 23, 2024 /PRNewswire/ -- NexPoint , a multibillion-dollar alternative investment firm, today published its 2023 annual report.

Key Points: 
  • DALLAS, April 23, 2024 /PRNewswire/ -- NexPoint , a multibillion-dollar alternative investment firm, today published its 2023 annual report.
  • The report details major investment activities, areas of growth, and other accomplishments across the firm in 2023.
  • Focus on addressing housing affordability issues through its residential portfolio;
    Growth in manufacturing real estate with a focus on facilities supporting the life sciences and semiconductor industries;
    Recognition as one of the Best Places to Work in Money Management by Pensions & Investments; and
    "We are pleased to share some of the important work we did in 2023 growing key businesses, bringing unique opportunities to investors, and supporting the community here in DFW and across markets where we operate," said Lucy Bannon, NexPoint's Chief Communications Officer.
  • "We look forward to building on that momentum in 2024."

CAAT Pension Plan Announces Strong Growth Results for 2023

Retrieved on: 
Thursday, April 18, 2024
The Plan, Risk, Policy, Annual report, Plan, Conference, CAAT, Retirement, Pension, Lakehead University, Paper, Trust, Growth, Pension fund

The Plan continues to see growth in assets, employers, members and investment returns

Key Points: 
  • The Plan continues to see growth in assets, employers, members and investment returns
    TORONTO, April 18, 2024 /CNW/ - CAAT Pension Plan ("the Plan"), one of Canada's fastest-growing modern pension plans, is pleased to release its 2023 Annual Report and digital Year in Review, which illustrates the Plan's strength, continued growth and commitment to improving retirement income security for more Canadians.
  • New participating employers, including Canadian Nuclear Laboratories, Lakehead University, and Thunder Bay Pulp and Paper, among many others, are now offering the security of a CAAT pension to their employees.
  • The strong results of our investment, growth and funding strategies reinforce the Plan's benefit security and long-term sustainability," said Derek W. Dobson, CEO and Plan Manager, CAAT Pension Plan.
  • CAAT Pension Plan aims to provide its members with secure and stable lifetime retirement income.

Employers Missing Key Opportunities To Gain Advantage Through Employee Benefits

Retrieved on: 
Thursday, April 18, 2024
Education, Retirement, Investment, Nuveen, Insurance, Communication, Research, Parent, Life, Gen, Generation Z, TIAA, Pension, Workforce, Organization, Health insurance

NEW YORK, April 18, 2024 /PRNewswire/ -- Employers are missing key opportunities to develop a competitive advantage by enhancing the delivery and focus of employee benefits, according to new research conducted by Economist Impact and sponsored by Nuveen, the investment manager of TIAA.

Key Points: 
  • "This research demonstrates that there are three key considerations for employers when it comes to their benefits lineup," said Brendan McCarthy, Head of Retirement Investing at Nuveen.
  • "First, benefits play an essential role in recruitment and retention so they should be seen as investments, not cost-drivers.
  • Lastly, benefits offered are only as powerful as the way they are understood by the employees, highlighting the importance of clear communication and education."
  • The "Benefits 2.0" research program surveyed 1,500 full-time U.S. workers to examine the major gaps and socio-economic impacts of employer-provided benefits, with the goal of helping firms better understand workers' priorities and optimize benefits delivery.