Latest news with #PensionFund
Reuters
10-08-2025
- Business
- Reuters
PIC secures 4.3 billion pound buy-in of Rolls-Royce UK pension fund
Aug 10 (Reuters) - Pension Insurance Corporation (PIC) has completed a 4.3 billion pound ($5.78 billion) deal to full buy-in of the Rolls-Royce (RR.L), opens new tab UK Pension Fund, securing pensions for 36,000 members, it said on Sunday. ($1 = 0.7435 pounds)
New Straits Times
15-07-2025
- Business
- New Straits Times
Sanctions against Francesca Albanese expose hypocrisy of the powerful on Gaza
IN a jarring move that sent shockwaves across the globe, the United States imposed sanctions on Francesca Albanese, the United Nations Special Rapporteur on the Occupied Palestinian Territories, accusing her of "systematic demonisation" of the US. But behind this vague allegation lies a disturbing truth: Albanese's real "offence" was exposing the industrial economy of genocide — one fuelled not just by the Israeli government but by a vast network of corporations, hedge funds, universities, and pension systems across the West. Her latest report, "The Economy of Genocide," laid bare the machinery of death behind the war on Gaza. She revealed how weapons manufacturers, bulldozer suppliers, and construction conglomerates are not merely supporting genocide — they are profiting from it. Construction contracts to rebuild illegal settlements flow rapidly. For every bomb dropped, there's a dividend earned; for every displaced family, a new high-rise emerges. But what shocked the conscience of the global public was not merely her confirmation of genocide — it was the financial lifelines she traced. Norway's government Pension Fund alone holds over US$122 billion invested in companies complicit in Israeli occupation and military operations. Similar financial trails lead to Sweden, Germany, France, and the United Kingdom. Even Ivy League institutions like Harvard, Stanford, and NYU are enmeshed through opaque endowment investments and silent third-party fund managers. These universities, while professing solidarity with Palestine in student forums, funnel capital into firms that supply arms and equipment to Israeli forces. Albanese also painted an unflinching picture of Gaza's humanitarian catastrophe. "More than 75 per cent of those killed in Gaza and the West Bank are women and children," she said, emphasising that these victims cannot be labelled 'militants' by any legal or moral standard. "Their only crime is being Palestinian." Albanese called Gaza "a living textbook of genocide," fulfilling every criterion under international law — deliberate killings, destruction of living conditions, forced displacement, and erasure of cultural identity. Israeli raids have decimated Palestine's knowledge ecosystem: universities bombed, professors assassinated, students slaughtered, libraries turned to dust. Gaza's last remaining research centres and cultural hubs have been wiped out. It is not only the bodies, but the collective memory and future of a nation being erased. Shops, bakeries, factories, and schools have been obliterated. Gaza is left with no one to educate, to trade, or to heal. The goal is clear: to reduce an entire people to dependency, silence, or oblivion. This extermination campaign is not funded solely by Tel Aviv or condoned solely by Washington — it is driven by a war economy backed by multinational private contractors. Security firms, tech companies, arms manufacturers, and logistics contractors turned Gaza into a testing ground and a profit centre. These corporations operate in sync with the Israeli military - IDF. Private surveillance firms now work alongside Mossad, analysing data harvested by US-built platforms. Albanese warned: "This is not just a war — it's a joint venture. A business enterprise of destruction." A faceless ecosystem of fund managers, politicians, and lobbyists keep the war alive. Private defence contractors mint money; lawmakers receive donations; media pundits get scripts. Israel's military policy has become a business model. And what especially rattled the US and Israeli establishments was Albanese's courage in naming these links as primary beneficiaries and drivers of genocide. However, the sanctions on her backfired spectacularly. when she became an instant global icon. Her voice, exploded across media platforms. She became a symbol of defiance, if telling the truth is punishable, —then justice is already dead." She revealed she had contacted 48 of the entities named in her report, offering them a right of reply. Only 15 responded — most with evasive statements. None denied the facts. In her concluding message, Albanese offered not just a diagnosis but a remedy. She argued that only strategic, financial, and civic disassociation from genocide will force change. Experts and former officials now agree: the key to stopping the Gaza genocide rests squarely with the United States. A policy reversal by the White House — if backed by public will — could alter the tide. President Trump, or his successor, must face the moral and political reckoning of this complicity. Many now identify Netanyahu's war-mongering policies as the root cause of perpetual conflict. But there's a third force equally dangerous: the war economy itself. Fuelled by private contractors, weapon lobbies, and pro-Israel institutions like AIPAC, this machine funds lawmakers, shapes coverage, and pressures legislatures globally to maintain the killing spree for profit. Albanese showed us that genocide is no longer hidden — it's televised, monetised, and outsourced. The question now is whether we will act.
Time of India
07-07-2025
- Business
- Time of India
NPS equity funds offer single-digit returns in first half of 2025
Live Events National Pension System (NPS) equity funds have offered single-digit returns in the first half of the current calendar year. There were around 10 NPS fund managers in the mentioned time period, according to data available on Value Pension Fund Managers, relatively a new entrant, offered the highest return in the last six months of around 7.28% and a monthly contribution of Rs 1,000 made six months ago would have been Rs 6,413 now and manages an asset worth Rs 1,565 crore as on May 31, Read | Mutual fund SIP guide: How to invest for the rest of 2025 Kotak Pension Fund offered a return of 6.01% in the first half of the current calendar year and the value of Rs 1,000 SIP would have been Rs 6,451 now. This fund manager had an AUM of Rs 3,011 crore in Pension Fund delivered a return of 5.93% in the first half of 2025, making the current value of Rs 1,000 SIP to Rs 6,445 now. It had an AUM of Rs 6,628 crore as on May 31, 2025. HDFC Pension Fund, which had the highest AUM among 10 fund managers, gave a return of 5.20% in the first half of on May 31, 2025, it had an AUM of Rs 56,982 crore and the current value of Rs 1,000 monthly contribution would have been Rs 6,436 Pension Management Private offered a return of 4.84% in the said time period and a monthly contribution of Rs 1,000 in this fund would have been Rs 6,427 now. This fund manager had an AUM of Rs 1,949 crore as on May 31, Birla Sun Life Pension Scheme which had an AUM of Rs 1,604 crore as on May 2025 offered a return of 4.73% in the first six months of the current calendar year. If an investor invested in the fund via Rs 1,000 monthly SIP, the value would have been Rs 6,426 Read | Mazagon Dock and Radico Khaitan among 19 stocks which are upgraded in H2 CY25 AXIS Pension fund Management and ICICI Prudential Pension Fund offered a return of 3.92% and 3.58% respectively in the mentioned time Pension Fund offered a return of 3.43% in the first half of the current calendar year and turned the value of Rs 1,000 to Rs 6,437 now. It had an AUM of Rs 4,464 crore as on May 31, Pension Fund offered the lowest return of around 1.88% in the first half of the current calendar year. A monthly SIP of Rs 1,000 in the fund would have been Rs 6,420 now and it had an AUM of Rs 22,376 crore as on May 31, National Pension System (NPS) helps an investor to save tax in several ways. NPS is a market-linked defined contribution scheme that helps you save for your scheme is simple, voluntary, portable and flexible. It is one of the most efficient ways of boosting your retirement income and saving tax. It allows you to plan for a financially secure retirement with systematic savings in a planned way, according to the NPS Trust is focused on saving for retirement whereas mutual funds help investors to plan for different financial goals. The NPS scheme has a certain maturity period of 60 years and withdrawal restrictions. Mutual funds offer a lot more flexibility and ELSS mutual funds come with a three-year lock-in. These funds have a minimum lock-in period amongst various tax saving options available under Section 80C.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Bloomberg
07-07-2025
- Business
- Bloomberg
Germany's $40 Billion Pension Gives Mandate to China Stock Fund
A German pension fund has tapped a Chinese firm's Hong Kong arm to help it invest in local stocks, in a rare move among global allocators that have been cautious about gaining exposure to the nation's equities. KZVK, which manages €34.1 billion ($40 billion), gave $50 million to Fullgoal Asset Management (HK) Ltd. in the second quarter, according to people with knowledge of the matter. The mandate is to invest in Chinese equities listed in Hong Kong, the mainland and the US, the people said, asking not to be identified as the information is private.
Yahoo
30-06-2025
- Business
- Yahoo
Norwegian pension fund divests from companies selling to Israeli military
Norway's largest pension fund, KLP, has said that it will no longer do business with two companies that sell equipment to the Israeli military because the equipment is possibly being used in the war in Gaza. The two companies are the Oshkosh Corporation, a United States company mostly focused on trucks and military vehicles, and ThyssenKrupp, a German industrial firm that makes a broad selection of products, ranging from elevators and industrial machinery to warships. 'In June 2024, KLP learned of reports from the UN that several named companies were supplying weapons or equipment to the [Israeli army] and that these weapons are being used in Gaza,' Kiran Aziz, the head of responsible investments at KLP Kapitalforvaltning, said in a statement provided to Al Jazeera. 'Our conclusion is that the companies Oshkosh and ThyssenKrupp are contravening our responsible investment guidelines,' the statement said. 'We have therefore decided to exclude them from our investment universe.' According to the pension fund, it had investments worth $1.8m in Oshkosh and almost $1m in ThyssenKrupp until June 2025. KLP, founded in 1949 and the country's largest pension fund, oversees a fund worth about $114bn. It is a public pension fund owned by municipalities and businesses in the public sector, and has a pension scheme that covers about 900,000 people, mostly municipal workers, according to its website. KLP said that it had been in touch with both companies before it made its decision and that Oshkosh 'confirmed that it has sold, and continues to sell, equipment that is used by the [Israeli army] in Gaza', mostly vehicles and parts for vehicles. ThyssenKrupp told KLP that 'it has a long-term relationship with [the Israeli army]' and that it had delivered four warships of the type Sa'ar 6 to the Israeli Navy in the period November 2020 to May 2021. The German company also said it had plans to deliver a submarine to the Israeli Navy later this year. When asked by KLP what checks and balances were made when it came to the use of the equipment the companies delivered, KLP said both Oshkosh and ThyssenKrupp 'failed to document the necessary due diligence in relation to their potential complicity in violations of humanitarian law'. 'Companies have an independent duty to exercise due diligence in order to avoid complicity in violations of fundamental human rights and humanitarian law,' said Aziz. This is not the first time that the pension fund has divested from companies linked to possible human rights abuses. In 2021, KLP divested from 16 companies, including telecom giant Motorola, that it concluded were linked to illegal Israeli settlements in the occupied West Bank. The pension fund said there was an 'unacceptable risk that the excluded companies are contributing to the abuse of human rights in situations of war and conflict through their links with the Israeli settlements in the occupied West Bank'. That same year, KLP also said it was divesting from the Indian port and logistics group Adani Ports because of its links to the Myanmar military government. Last summer, KLP also divested from US firm Caterpillar. In an opinion piece for Al Jazeera, the KLP's Aziz wrote that Caterpillar's bulldozers undergo adjustments in Israel by the military and local companies, and are subsequently used in the occupied Palestinian territory. 'The constant use of these weaponised bulldozers in the occupied Palestinian territory has led to a series of human rights warnings from United Nations agencies, and nongovernmental organisations over the last two decades about the company's involvement in the demolition of Palestinian homes and infrastructure,' she wrote. 'It is therefore impossible to assert that the company has implemented adequate measures to avoid becoming involved in future norm violations.' The latest move builds on a series of similar decisions among several large investment funds in Europe that have cut ties with Israeli companies for their involvement in either the war in Gaza or because of links to illegal Israeli settlements in the occupied West Bank. In May, Norway's sovereign wealth fund, the largest in the world, said it would divest from Israel's Paz Retail and Energy because of the company's involvement in supplying infrastructure and fuel to illegal Israeli settlements. This came after an earlier decision in December last year to sell all shares it had in another Israeli company, Bezeq, for its services provided to the illegal settlements. Other pension funds as well as wealth funds have also, in recent years, distanced themselves from companies accused of enabling or cooperating with Israel's illegal occupation of the West Bank or its war on Gaza. In February 2024, Denmark's largest pension fund divested from several Israeli banks and companies as the fund feared its investments could be used to fund the settlements in the West Bank. Six months later, the United Kingdom's largest pension fund, the Universities Superannuation Scheme (USS), said it would sell off all its investments linked to Israel because of its war on Gaza. The fund, which totals about $79bn, said it would sell its $101m worth of investments after pressure from its members.
