Funding – Page 18
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News
PMT interest rate hedge increase backfires
The fund’s accountability body voiced surprise about the move
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NewsSwiss pension fund market sees increased consolidation activity
The consolidation that has taken place in the past few years has led to an increase in multi-employer pension funds
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News
‘Potentially difficult decisions ahead for DB schemes if inflation stays high’
Most DB pension payment increases in UK are capped at 5%, lower than the current rate of inflation
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Opinion PiecesSeesawing rates pivot European pension funding ratios
Many pension funds throughout Europe have had insufficient funding ratios for many years in part due to falling interest rates, even though pension funds’ investment choices and contribution levels also play a role.
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News
Credit Suisse Pensionskasse sees 9.5% returns pushed by real assets
Its funding ratio recorded the highest level since 2013 at 130.9% last year
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NewsTPR calls on trustees to reduce covenant reliance
UK pensions regulator points to the importance of assessing how current market events are shaping the employer covenant
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NewsSwiss private pension funds see funding ratios drop in Q1
The schemes recorded negative returns of -3.54% in Q1
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News
Large Dutch pension schemes edge closer to indexation
The funding ratios of ABP, PFZW, PMT, Bouw and PME have reached record highs
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NewsUK roundup: Fidelity, Tumelo launch stewardship hub
Plus: Act quickly to lock in funding gains, says Hymans Robertson; LGIM reports on latest DC savers’ preferences
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News
PPF DB index funding level reaches highest level since June 2007
Increasing bond yields driving up scheme funding levels
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NewsSwiss pension liabilities fall 12% in Q1, says WTW
Biggest fall since consultancy’s Swiss Pension Index began in 2000
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NewsAargau canton tackles underfunding, lower pension payouts at APK Pensionskasse
For the canton the increase in contributions amounts to additional expenses of CHF6.9m (€6.7m) per year
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News
Funding level of DAX schemes reaches record high – WTW study
Pension liabilities of DAX companies increased by only €3bn in 2021, or 0.7%, to €412bn, as the discount rate rose by 40 basis points to 1.20%
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News
UK pension schemes sign buy-in deals with PIC, Just Group
Air Canada UK Trust Fund and Keysight Technologies UK Limited Retirement Benefits Plan embark on de-risking journey
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News
Dutch pension schemes continue to increase interest rate hedges
Some funds have further reduced their interest rate risk to protect their funding ratios in the run-up to the switch to DC
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NewsCSM Limited scheme completes £86m ‘deferred heavy’ buy-in
Preparation for a bulk annuity included the trustee hedging the scheme assets to protect against volatile markets
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News
UK roundup: London councils switch pension investments to renewable energy
Plus: DB schemes maintain surplus amid market volatility
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News
Bank facility recourse part of revised De La Rue valuation, deficit plan
De La Rue Pension Scheme and sponsor agree to bring forward actuarial valuation
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News
Universities flag importance of investment performance after USS reforms passed
Chair of stakeholder forum exercises casting vote to pass employer-proposed reforms
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News
Employers down on UCU proposal for resolving USS dispute
93 of 97 employers did not support the proposal, according to UUK
