Defined contribution – Page 22
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NewsKing’s Speech fails to mention pension reforms
Speculation that the PPF could be used as a consolidator remains unaddressed, and this is now unlikely to be resolved for at least another 12 months, PMI says
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NewsCost branded the biggest challenge to boosting investment in UK growth
Private market investments are more expensive to operate, more expensive to source and more expensive to run, says LGIM
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NewsGresham House raises £60m from institutional investors for unlisted equities
Worcestershire Pension Fund and several corporate and private investors in UK and Ireland committed funds
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NewsUK should learn from Australia, US, Canada in DC system journey
Only 19% of UK assets were in DC in 2021, according to the Pensions Policy Institute
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NewsPensions Dashboard Programme update highlights lack of pensions engagement
Despite automatic enrolment, around 12 million people are estimated to be under-saving for later life
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AnalysisElections loom large over Dutch pension reform
If the 22 November elections produce a parliament sceptical about the reforms, hundreds of millions in EU support may be at stake
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NewsPIC says DC saving pots should not be referred to as ‘pensions’
DC schemes fail to meet the key definition of a pension – the provision of a regular income, says PIC
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NewsDutch pension funds allowed to index pensions above inflation
Funds will be allowed to provide more indexation than the actual rate of inflation this year, if they did not give full indexation last year
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NewsGerman IG Metall rejects DC schemes
The union is in favour of supplementary, employer-financed company pensions, with guaranteed minimum benefits and employer liability
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NewsThe Pensions Regulator will not mandate schemes on how to invest
Instead, TPR will be challenging decision-making to ‘make sure trustees are always acting in members’ interests’, says Nausicaa Delfas
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NewsNOW: Pensions increases investment with sustainable objectives to 82%
A total of 23 green, social or sustainable bonds now make up over 15% of NOW: Pensions’ portfolio, up from 13% last year
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NewsUK’s NEST looks to add to illiquid assets
As at 31 March 2023, NEST was managing £29.6bn on behalf of scheme members
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NewsUK pensions regulator to take ‘more assertive’ approach
‘We will be testing the full suite of powers available to us to really change behaviours’ says TPR
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NewsUK pensions industry told to prepare for consolidation
Industry experts expect to see a significant amount of consolidation in the market by 2035
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NewsIrish Pensions Authority publishes own-risk assessment guidance
Trustees are required to complete a full own-risk assessment every three years.
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News68% of Irish DC schemes plan to wind up and transfer to alternative arrangement
Many schemes are moving their pensions into multi-employer mastertrusts or personal retirement savings accounts
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NewsItalian pension fund quartet boosts private equity investments
Asset manager Neuberger Berman will invest in buyout and growth strategies, and mainly in companies operating in Italy
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Opinion PiecesLondon’s Lord Mayor Nicholas Lyons outlines his plan to raise £50bn from pension funds for UK growth assets
The road to hell is paved with good intentions. This aphorism can perhaps well describe the current state of the UK’s investment ecosystem. Despite Europe’s largest pension market at £2.5trn (€2.9trn), the UK economy has been starved of risk capital through a series of legislative and regulatory decisions.
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AnalysisUK pension industry reacts to government’s ambitious Mansion House Reform agenda
September saw the close of key pension reform consultations. Pamela Kokoszka and Liam Kennedy assess the proposals and some of the responses
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Country ReportDutch pension funds evaluate member benefits and portfolio changes ahead of the transition
Early movers in the transition to a new Dutch pension system believe members could gain better benefits than under the old system
