Funding – Page 14
-
NewsNorway overrules FSA on fund fees, saving pension funds NOK8bn, says lobby
Finance Ministry disagrees with FSA that mutual fund managers are subcontractors
-
NewsMercer research shows £35bn surplus for FTSE 350 pension schemes
The present value of liabilities fell from £627bn at 30 November 2022 to £595bn at the end of December 2022 driven by a rise in corporate bond yields
-
NewsUK roundup: Church Commissioners commit £100m to impact investment
Plus: Gates schemes complete £132m buy-in deal with PIC
-
NewsSwiss pension funds post -12% returns in difficult 2022
Technical funding ratios of Swiss schemes lost on average around 16 percentage points and stood at 103.9% at the end of 2022
-
NewsUK pensions regulator releases new DB funding code
‘The new funding code may be a double-edged sword for sponsoring companies,’ says Cardano Advisory
-
News
Barclays Bank UK scheme completes £7bn longevity risk transaction
It’s the scheme’s second multi-billion-pound longevity transaction, following the £5bn transaction in 2020
-
NewsAktienrente fund needs ‘three-digit billion’ sum for impact, says German finance minister
The funds the government plans to allocate in the initial phase for the statutory equity pension are not sufficient, says Christian Lindner
-
NewsAsga Pensionskasse expects -6% returns this year
Despite the negative returns, Asga will apply an interest rate on saved capital of its members of 2.5% in 2022
-
News
UK roundup: Border to Coast reappoints Robeco for voting and engagement support
Plus: FTSE 350 pension scheme funding stabilises following Gilt market turmoil; Coats UK scheme completes buy-in with Aviva
-
News
Actuaries association chair calls for renewed focus on systemic risks
There is currently little system-wide information on the use by individual schemes of LDI strategies
-
News
UK pensions regulator issues LDI guidance
TPR is also calling on pension fund trustees investing in leveraged LDI to improve their schemes’ operational governance
-
News
UK roundup: Balfour Beatty in £1.7bn longevity transaction
Plus: Room for improvement on pension funds’ sustainability strategies
-
News
UK mini budget accelerates DB schemes de-risking, says Russell Investments
Inflation and central bank policy action are critical issues for pension trustees and sponsors
-
NewsDutch pension funds give double-digit indexations despite investment losses
Civil service scheme ABP, the country’s largest fund, was the first to provide full compensation for inflation, increasing pensions by 12%
-
NewsLPPI ceo calls on LGPS to accelerate asset pooling
The pool revised projections and is now expecting to deliver net cost savings of more than £200m by 2025, more than £350m by 2030 and more than £500m by 2035
-
News
Irish Pensions Authority calls on DB schemes under LDI scrutiny
The regulator wants to know that, where schemes decide to implement an LDI strategy, trustees are making informed decisions
-
News
DWS increases portfolio duration after LDI market turmoil
Liabilities of the Deutsche Bank’s pension plans amount to €20.4bn
-
News
Pension funds demand engagement success from external managers
53% of pension funds are unlikely to hire an external manager that cannot demonstrate specific outcomes for engagement, according to bfinance
-
News
PFZW to increase pensions by 6%
The Dutch healthcare scheme did not award the maximum allowed indexation in order to protect its buffer
-
News
ATP seen as new example of leverage threat for pension funds – after UK LDI turmoil
‘We need a thorough discussion of the role of ATP in the Danish pension system,’ says Jesper Rangvid
