Defined contribution – Page 25
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Special ReportTop 1000 Pension Funds 2023: Europe’s pensions absorb a €646bn loss
Last year saw a net reduction in the asset stock of European pension investment retirement pools of 6.77% over the previous year, according to IPE’s annual study of the leading 1,000 pension funds across the continent, marking a sea change for pensions.
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Special ReportNetherlands: Pension funds to switch to DC by 2028
Long-awaited transition to happen despite complications of the Dutch pension system
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Country ReportFrance’s new pension product smashes through target
Assets managed by PER supplementary pension products could reach €200bn by 2026
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NewsUK roundup: ITB Pension Funds complete £290m buy-in with Just Group
Plus: Aon publishes DB funding report; TPT enhances responsible investment choices for DC members
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NewsTPR updates DC guidance ahead of illiquid ‘disclose and explain’ regulations
New regulations have removed regulatory barrier that may have hindered trustees from exploring investment in certain funds with performance fees
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NewsLarge Dutch pension funds to support PR campaign for DC switch
ABP, PFZW and PME will support a campaign by the Dutch Ministry of Social Affairs to promote the switch from defined benefit to defined contribution pensions
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NewsShift in mindset required to increase investment in private debt
There are “significant opportunities” in private debt investment which could lead to improved outcomes for members, according to Hymans Robertson.
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NewsPension benefits rise by up to 30% in new DC system, says Dutch transport fund
Pensioenfonds Vervoer is the first fund to publish a detailed DC transition plan
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NewsLower indexation in new Dutch DC system, finds Aegon AM
Pensioners would have received between 1.5% and 3.6% in indexation in 2023 if the new DC system had already been in place, says the asset manager
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NewsUK master trusts expected to be slashed to 10 amid market consolidation
Recent master trust acquisitions include National Pension Trust by SEI, and of Evolve Pensions by Smart Pension
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NewsDCIF calls for consistent template for TCFD reporting for master trusts
Greater standardisation of reports should become common practice, the forum recommended
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NewsProposals to boost investment in UK growth should not be rushed
It is important that the government seeks a range of views through an extended consultation process, says XPS
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NewsChancellor reveals plans to boost pension investments in UK growth
Plus: DC pension schemes sign up to Mansion House Compact
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NewsUK roundup: Small DC schemes fail to meet value expectations
Plus: Border to Coast sets up engagement programme; Risk sharing could provide an age-old solution, says Hymans Robertson; Impact Cubed launches SDG dataset
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NewsABP postpones DC transition to 2027
The news comes shortly after pensions minister Carola Schouten moved the final date for pension funds to introduce DC arrangements to 1 January 2028
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NewsWTW recommends policy changes to fuel UK economic growth
Plus: ABI calls on industry to put savers at the heart of plans to boost pension investment
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NewsPensioenfonds ING anticipates 20% benefits increase in new DC system
The fund’s board believes the reduced need for a buffer in DC will translate into higher pension benefits
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NewsDanish FSA warns spread of non-guaranteed pensions could undermine trust
Financial watchdog said danger that customers will lose confidence ‘particularly relevant’ after 2022’s big market losses
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Opinion PiecesViewpoint: UK defined contribution market
Many investors nearing retirement are unable or unwilling to take on the volatility associated with a more aggressive portfolio
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NewsDutch DC pension accruals ‘relatively low’, says regulator
Some 65% of workers in DC plans have pension contributions of 10% or less of pensionable salaries
