White papers and reports broadly related to the topic of pension funds in Asia, with a particular focus on Japan, China and Hong Kong. The most read white papers on Asian pension funds analyse the Chinese pensions system, the Japanese pensions systems and pensions systems in East and South East Asia. In particular, a number of articles consider Japan's GPIF...
(Government Pension Investment Fund) and its management of assets. Further research and surveys consider other aspects of Asian pension schemes; the trends in Asian pension asset allocation, the effectiveness of pension fund governance, pension reform in China and elsewhere, and the trend towards longer-term investing. To search for keywords within the Asian Pension Funds category, use the search bar to the right of this text.
This annual study on the world’s 300 largest pension funds is conducted by the Thinking Ahead Institute. The research highlights high-level trends in the pension funds industry and provides information on how the characteristics of these top funds have changed.
Asset Allocation Insights 2021 highlights how pension fund investors within Latin America, the Middle East, Africa, and Asia are evolving across the global investment landscape while serving their beneficiaries and stakeholders locally. It summarises some of the decisions investors in these regions – representing more than…
Global Pension Finance Watch, published quarterly, reviews how capital market performance affects defined benefit pension plan financing in major retirement markets worldwide, with a focus on linked asset/liability results. WTW covers defined benefit pension plans in Brazil, Canada, the Eurozone, Japan, Switzerland, the UK…
The influence of ESG factors has been growing exponentially in the last five years. This paper explores whether purpose with multiple stakeholders, responsibility for the impact of investments, and system level engagement apply to global pension funds.
The influence of ESG factors has been growing exponentially in the last five years. This paper explores whether purpose with multiple stakeholders, responsibility for the impact of investments, and system level engagement apply to global pension funds.
The way in which wages respond to very low rates of unemployment remains a key source of uncertainty in Australia, partly due to the lack of historical evidence to draw upon. To help fill this gap, the authors study data on unemployment rates and wages growth across local labour markets over the past 20 years. The…
Global Pension Finance Watch, published quarterly, reviews how capital market performance affects defined benefit pension plan financing in major retirement markets worldwide, with a focus on linked asset/liability results. We cover defined benefit pension plans in Brazil, Canada, the Eurozone, Japan, Switzerland, the UK and…
This paper reviews the historical origins, mandates, and structures of pension funds to tease out which of these characteristics enable and which impede the inclusion of ESG at pensions funds. A variety of strategies are linked to these markers to understand which outcomes are pursued, and how pension funds are uniquely…
Preliminary data for 2020 show that pension funds held over $35 trillion of assets worldwide at end-2020, exceeding 2019 levels despite the headwinds due to COVID-19 (Table 1). Pension fund assets grew by nearly 9% in the OECD area – although less than the double-digit growth rate in 2019 – to reach $4.2 trillion at end2020…
There is a lot of volatility in a normal asset allocation in short time frames.This has occurred in a number of cases during the last couple of decades. To reduce this volatility, pension clients may wish to adopt a cash-flow-driven investment (CDI) approach.
This annual report describes how the fund has performed relative to its benchmarks, and gives a breakdown of how the Guardians' active investment decisions have added value during the year. It also includes a detailed overview of governance and risk management processes, a dedicated responsible investment report, and a…
The pandemic has brought into sharp focus the importance of health matters in macroeconomic terms. But how can economists incorporate population health into their analyses and forecasting? The IMF article proposes a basic model for health and cohort mortality evolution that could prove fruitful beyond the pandemic and inform…
The 2021 Global Survey of Accounting Assumptions for Defined Benefit Plans is the 32nd annual Willis Towers Watson survey of assumptions selected by major corporations for their defined benefit (DB) plans around the world.
Deep neural network models have substantial advantages over traditional and machine learning methods that make this class of models particularly promising for adoption by actuaries. Nonetheless, several important aspects of these models have not yet been studied in detail. To allow actuaries to incorporate deep learning…
In this paper the World Pension Alliance provides an overview of the challenges that both pension funds and pension plan members faced during 2020 and promote the adoption of policies with a long-term view toward retirement security. While not overlooking the current difficult economic situation of many workers around the…
Without being part of the full hydrocarbon value chain, pension and super funds are now claiming stakes in the Asia-Pacific oil & gas market, bringing into play non-traditional sources of funding for processing infrastructure assets in the region. But can these new entrants navigate the underlying risks and complex legal…
