Pensions

Serbia Maintains Interest Rate Amid Economic Caution Over Wage and Pension Hikes

8 hours ago

In a move that underscores the cautious approach of Serbia's central bank, the key interest rate has been held steady at 5.50%. This decision comes in the wake of rising concerns regarding potential inflationary pressures driven by planned increases in wages and pensions. The National Bank of Serbia (NBS) announced this decision in a recent meeting, emphasizing its commitment to maintaining financial stability amidst evolving economic conditions.

Australian Pension Funds Anticipate Impressive Double-Digit Returns in 2024

11 days ago

In a significant forecast for the coming year, Australian pension funds are projected to achieve remarkable double-digit returns, buoyed by a stable economic environment and a rebound in equity markets. This optimistic outlook stands in stark contrast to the more subdued performance experienced in the previous year, driven primarily by a chaotic economic landscape characterized by rising interest rates and geopolitical tensions.

Korea’s $800 Billion Pension Fund to Divest from Coal Companies: A Major Shift Towards Sustainability

23 days ago

In a pioneering decision marking a significant shift in environmental investment strategies, South Korea's National Pension Service (NPS), which manages assets worth approximately $800 billion, has announced its plans to divest from coal firms. This decision comes in light of growing concerns over climate change and the pressing need for sustainable investment practices globally.

UK Pensions Face Tax Risks Due to Home Investment Shortfalls

2 months ago

The UK pensions sector is confronting significant financial implications as the government warns that underinvestment in domestic assets could lead to taxation penalties for pension funds. The recent announcement has raised concerns among investors and financial analysts about the long-term viability of UK pension funds, which play a crucial role in supporting the financial security of millions of citizens.

Ghana's Pension Fund Investment Restrictions Under Review: A Move Towards Greater Flexibility

2 months ago

In a decisive move to enhance the investment landscape for pension funds, the Securities and Exchange Commission (SEC) of Ghana has announced a comprehensive review of its existing regulatory restrictions on pension fund investments. This initiative aims to provide more opportunities for pension funds to diversify their portfolios and increase returns amidst changing economic conditions.

Hungary's New Policy: Unlocking Private Pensions for Real Estate Investments in 2025

3 months ago

In a significant policy shift aimed at boosting the Hungarian property market and providing a new avenue for financial growth, the government of Hungary has announced plans to allow the use of private pension funds for real estate purchases starting in 2025. This initiative is expected to encourage individuals to utilize their savings in a way that can enhance both their personal financial situations and the overall economy.