pensioners

Institutional investors raised $190bn for private credit funds, a 53% jump, even as retail-facing private credit products face turmoil and redemptions. The figures suggest large allocators such as pension funds and insurers are leaning further into direct lending and credit strategies, even as retail channels come under strain. Commenters in asset management circles are weighing what the divergence means for the market's next phase.

Pension investors are developing a climate-risk model designed to assess individual stocks, allowing funds to measure the exposure of specific holdings rather than portfolios in aggregate. The initiative reflects growing pressure on institutional investors to account for climate risks in their equity selections. Details of which pension funds are involved, or the model's timeline, have not yet been disclosed.

Salaries of central government employees in India are expected to be credited by September 25 this month, earlier than the usual end-of-month date. Reports and updates on the change are drawing wide attention among employees and pensioners tracking their monthly pay schedules.

The Council of the European Union has given its final approval to updated rules on social security coordination, which determine how workers' pension, unemployment and other benefits are handled when people move between EU member states. The update modernises a framework that affects millions of cross-border workers, students and families across the union, aligning it with current employment patterns.