Fees & Costs – Page 13
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News
No more cost efficiencies from scheme consolidation, says DNB
According to DNB, there were more than 500 independent pension funds in 2010 – by 2021, this number has more than halved to just over 200
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NewsGerman lifeboat scheme sees contribution rate climb to highest level
Contributions grew from €1.08bn in 2019 to €1.48bn last year
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NewsPerformance fees propel ABP investment costs above €3bn
Performance fees, which were mainly paid to private equity and hedge fund managers, rose by a third to €1.5bn in 2020
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News
Danica sees 8.3% premium growth as health, accident losses persist
Insurance losses not being cross-subsidised by other customers, commercial pension provider says
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NewsEIOPA opines on IORP cost reporting, DC scheme risk management
IORP II-related opinions aimed at enhancing supervisory convergence, feedback invited
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News
Direct real estate prices to drop by 25%, says DNB
DNB’s expectation of a price decline between 11% and 34% is based on the sharp drop in market liquidity within private markets for commercial real estate
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News
Dutch pension funds not transparent enough on costs – regulator
54% of pension funds provided incorrect or incomplete cost figures, AFM found
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NewsFRR reports 1% performance for 2020 as withdrawals weigh
French reserve fund says performance was affected by ‘prudent bias’ given exceptional withdrawals
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NewsPension tax nets Danish state twice as much as oil, says IPD
Lobby group says pension return tax produced €6.5bn in revenues for the government last year
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NewsDanish pensions lobby says EIOPA’s Solvency II proposals go too far
InsuranceEurope says the consequences of EU regulatory plans are not justified
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NewsGabler sees more Norwegian local councils mulling own pension fund
Some pension funds succeeding with rebalancing strategies, says Holvik
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News
Ahold Delhaize chooses Achmea IM as new fiduciary
In 2019, Ahold Delhaize Pensioen paid €8.5m in fees to external managers, while paying another €1.2m to AXA IM for its fiduciary services
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News
AP1’s new CEO applauds team’s gutsy mindset
Swedish pensions buffer fund matches AP3’s return and narrowly beats AP4 in 2020 with 9.7% gain
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NewsMost tax reforms can cause significant cost for employers, schemes, PLSA warns
Some experts believe a reform of this magnitude would result in the ‘end of defined benefit provision in the private sector’
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News
IASB to seek views on future workplan; FRC sets out budget, priorities
The FRC said its projected spend for the coming year amounts to £52.2m (€60.7m). DB schemes are expected to contribute £1.2m under the pension scheme levy
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News
Dutch pension fund proposes pooling grandfathered pension rights
PGB’s proposal was introduced in its response to the consultation on the new Dutch pension law, which cements a transition from DB to DC arrangements
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News
British Airways defers £450m in contributions
The deferral will be backed by security granted by BA over specified property assets
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News
UK roundup: £1trn of DB pension risk to be insured by 2031, says Hymans
Plus: Graphic Packaging International switches fiduciary manager; BlackRock LTPC to acquire pensions software provider
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News
Universities scheme eyes ABS debut amid in-house fixed income boost
‘We are taking more of these mandates in house which means we are able to do more to invest the scheme’s assets at a lower cost than paying an external manager’
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NewsNorway’s SWF has half the outperformance of peers, government told
Oil fund has far lower investment costs than other large pension funds, report shows, according to CEM Benchmarking
