Defined contribution – Page 5
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News
SAUL is first UK scheme to adopt pass-through voting across DC, DB plans
The move strengthens the £3bn University of London’s stewardship powers which is particularly focused on voting for resolutions at the Climate Action 100+ companies
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Analysis
Mansion House Compact: spotlight on Aon
Jo Sharples, CIO for Aon’s DC solutions, spoke to IPE about Aon signing up to the compact and how it plans on embarking on a private markets journey
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News
Siemens Investor Plan appoints Standard Life as master trust provider
Over 30,000 Siemens members move to Standard Life master trust
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News
TPR focuses on driving consolidation in new corporate plan
‘Our focus is not just on the fundamentals of driving high levels of compliance, but also working together to enhance the system and support innovation in savers’ interests’
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News
UK equity disclosure enforcement could contradict Value for Money framework
SPP questions whether pension funds should invest in British businesses when knowing that such investment may produce worse returns than investing overseas
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Country Report
Mercer’s upbeat vision for UK pension funds and their investment advisers
James Lewis, UK CIO at Mercer, is optimistic about the future of the UK’s DB and DC industries
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News
Dutch funds risk €18bn bill if pension transition called off, says PwC
Dutch pension funds would have to shoulder the cost of running expensive legacy DB systems for decades to come, the accountant warns
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Analysis
Mansion House Compact: spotlight on Aegon
Niall Aitken, head of retail investment proposition at Aegon, spoke to IPE about why Aegon signed up to the compact and the complexity of its journey
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News
Dutch ‘early birds’ postpone DC transition
Only 10 pension funds are now still scheduled to make the transition to a new DC arrangement by 1 January 2025
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News
Huge amount of work left for schemes ahead of pension dashboards launch
LCP’s survey found that only 39% of its webinar attendees had prepared pensions dashboard ‘project plan’
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News
Dutch pension funds cannot reduce risk without limits, says regulator
Many Dutch schemes plan to dial down investment risk to protect their funding ratios in the run-up to the pension transition
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News
WTW to launch private equity LTAF with £450m of commitments
WTW is targeting £2bn for its new open ended fund
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News
Irish auto-enrolment deadline branded ‘ambitious’
Irish government is targeting 1 January 2025 as a deadline for introduction of auto-enrolment
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Interviews
Swedish funds agency chief: ‘We can’t afford not to be good’
As FTN completes first tender award, executive director Erik Fransson talks about the need for internal cooperation and the pressure on the organisation to get things right
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Analysis
Mansion House Compact: spotlight on Phoenix
Sam Tufts, head of strategy and solutions in asset management team at Phoenix, spoke to IPE about the group’s plan to extend its private markets experience for DC
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News
CDC should be innovative and diverse, urges Hymans Robertson
Hymans Robertson highlights four areas of focus for the development of CDC: intergenerational fairness, benefits through scale, harnessing inertia, and regulation
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News
UK master trusts’ overseas equities post three times higher returns than domestic investments
Overseas equity investments do not align with chancellor of the exchequer’s plan to help grow the nation’s economy
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News
Swedish funds agency gives peek at terms of next tender
Nordic equities mandates will have tracking error limit of 4% against category benchmark, FTN reveals, but still gives no date for upcoming tender
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News
Lifetime provider model risks undermining success of automatic enrolment
‘Member choice would deliver few benefits, but risk throwing away the gains from auto-enrolment,’ says ABI’s Yvonne Braun
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Opinion Pieces
Could Dutch pension reforms still be reversed?
1 January 2025: that’s the day the first Dutch pension funds will move to a defined contribution (DC) system according to the new Pension Act. So the clock is ticking for politicians who still hope to reverse the pension changes, or give members a say on the mandatory conversion of defined benefit (DB) accruals to DC capital, the most controversial part of the pension reform.