Defined contribution – Page 24
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AnalysisMansion House Compact: spotlight on British Business Bank
When he introduced the Mansion House Compact in July 2023, the UK’s chancellor of the exchequer tasked the British Business Bank with establishing an investment vehicle to open its commercial capability and investment pipeline to pension investment
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NewsDC schemes to disclose domestic assets as government seeks to boost UK business
Chancellor introduced plans requiring schemes to report the extent to which they invest in the UK assets, and warned that under-performing schemes will be closed to new business
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NewsSmart Pension anticipates reaching £10bn in assets within three years
The workplace pension provider hit £5bn in UK assets under management and forecasts stronger growth in 2024 and 2025
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NewsSweden launches €5bn premium pension tender for global, European index funds
Swedish Fund Selection Agency sets 18 April deadline for its second tender
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NewsUK pensions minister urges industry to embed data ahead of dashboard connection
‘Don’t wait for me to come knocking at your door’, says Paul Maynard
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NewsPrivate market managers must be held to account for climate reporting
Availability of climate data from private markets remained patchy in 2023, research from Hymans Robertson shows
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Opinion PiecesA thematic focus on sustainability
The evidence for global temperatures rises caused by human emissions of greenhouse gasses (GHGs) has become overwhelming. That means there will have to be a huge adaptation by human societies across the globe to the reality of significant climate changes in the next few decades.
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NewsAlecta writes off €1bn of its Heimstaden Bostad investment
CEO of troubled Swedish pensions giant says ‘fully aware it will take time and hard work to regain customers’ trust’
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NewsUK master trust appoints Van Lanschot Kempen as fiduciary manager
With the mandate, the Cheviot Trust’s quality approach to governance will be enhanced by better information and data in relation to sustainability
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AnalysisMansion House Compact: spotlight on NEST
NEST joined the Mansion House Compact in July 2023 as one of the first signatories, committing to allocating at least 5% of its default funds to unlisted equities by 2030
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NewsDutch hospitality industry fund ups interest rate hedge in run-up to DC switch
Pensioenfonds Horeca & Catering will be one of the first pension funds to switch to a DC arrangement on 1 January 2025
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NewsPublica sees increasing trend towards lump sum pension withdrawals
Pension funds increase contributions to compensate for falling conversion rates to calculate payouts, says director
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NewsUK pensions regulator to strengthen its authoritative grip
From April, TPR will create three new regulatory functions that protect, enhance and innovate in savers’ interests
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AnalysisMansion House Compact: spotlight on L&G
L&G joined the Mansion House Compact in July 2023 as one of the first signatories, committing to allocating at least 5% of its default funds to unlisted equities
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NewsAPG pension fund scales back investment risk in run-up to DC switch
The fund is the first Dutch pension scheme to publish detailed plans about its investment strategy in the new DC system
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NewsPPF selects Aviva to provide DC solution for hybrid schemes
Under the partnership, benefits of DC members of the PPF hybrid schemes will now be protected by Aviva’s master trust
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NewsAuto-enrolment changes could add £105bn to young adults’ pensions
People’s Partnership has called for cross-party agreement with the support of key unions and trade bodies, on a timeline for implementing auto-enrolment reforms
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NewsEIOPA’s IORP Risk Dashboard shows market and asset return risks as main concern
Liquidity risks are at a medium level but show an increasing trend compared to the previous quarter, driven by developments in derivative positions
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NewsIndustry sees continuity in Labour Party pension plans
Some ‘slightly interventionist’ changes include strengthening TPR powers in relation to DC consolidation
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Country ReportIreland country report 2024: A no-nonsense consolidation approach
Ireland’s bid to reduce the number of single-member DC pension funds is succeeding but is not without teething troubles
