The world’s biggest retirement fund should put half its $1.2 trillion of assets in stocks and increase its yearly return goal to 5 percent, said the head of a panel that advised lawmakers on overhauling public pensions.
China Credit Trust Co. started repaying investors in a high-yield product whose threatened failure spurred concern of further defaults and contributed to a sell-off in emerging-market stocks and currencies.
Japan’s 121 trillion yen ($1.21 trillion) pension fund needs more independence from bureaucrats and should put some of the world’s biggest retirement savings pool into private equity and commodities, an expert panel said.
Anglo American Plc and Lonmin Plc , who employ 100,000 people in South Africa, say the government has deprived them of mine rights, threatening investment and job creation in the country’s biggest export industry.
The U.K.’s Financial Services Authority recommended that companies offering investments described as “guaranteed,” “protected” or “secure” should be required to state precisely what those terms mean, the Financial Times reported.