Funding – Page 2
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NewsSwiss pension funds’ index investing climbs to all-time high
Swiss schemes achieved average net returns of 5.1%, with average returns of the best performing schemes standing at 8.2%, according to Swisscanto
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NewsTelereal Pension Plan completes £130m buy-in with Aviva
The deal covers the defined benefit liabilities for around 500 members of the plan
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NewsDB scheme employers urged to review surplus framework ahead of valuations
Areas to be reviewed include escrow arrangements, contribution mechanisms and funding of future service contributions
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NewsShare of Swiss underfunded pension funds shrinks to 7%
Occupational pensions regulator deems schemes’ financial situation solid to face geopolitical tensions this year
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NewsSwiss schemes see ‘significant improvement’ in Q1 funding ratios, says Swisscanto
Almost all pension funds have now reached a 100% funding ratio, and only 0.2% remain underfunded
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Country ReportUK Country Report 2024: Is buyout still the gold standard for pension funds?
Improved funding positions mean more DB schemes are considering run-on rather than off-loading their liabilities
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NewsLGPS funding level increases to 106% ahead of next actuarial valuation
LGPS funding level improved from 67% at 31 March 2022 to 106% as at 31 March 2024
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NewsVarma assets jump to historic high of €60.9bn with 3.6% Q1 returns
Plus: Ilmarinen reports a 3.2% Q1 return, while Keva posts 3.7%
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NewsRegulator calls for UK DB schemes to reassess long-term objectives
TPR’s Louise Davey says ‘trustees should look to redirect some of their funding level improvements towards a funding and investment strategy that is aligned with their plans’
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NewsRising equity markets spike Dutch funding ratios
ABP and PFZW suffered losses on their government bond portfolios, however, as Dutch and German yields rose
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NewsFTSE350 DB schemes do not invest in line with Mansion House agenda
Mercer analysis of FTSE350 pension funds shows an aggregate surplus of £66bn at the end of March 2024
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NewsTPR’s Statement of Strategy will be challenging and costly for UK schemes
Completing the template as proposed will create a lot of extra work and could add 20% to scheme valuation costs
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NewsDutch 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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NewsGermany proposes Ukraine reconstruction fund with institutional investor backing
The fund would be open to institutional investors to finance large-scale projects in key sectors in Ukraine
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NewsLucite International Pension Fund in £130m buy-in with Just Group
The transaction secures the benefits of 438 uninsured members, including 156 pensioners and dependants and 282 deferred members
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Country ReportPFZW moves beyond oil and gas divestment
In a podcast recorded for IPE’s Dutch sister publication Pensioen Pro, Ravien Sewtahal of PFZW and Colin Tissen of the pension fund’s asset manager PGGM reflect on the Dutch healthcare scheme’s engagement programme with fossil fuel firms and PFZW’s next steps in climate engagement
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Country ReportNetherlands Country Report 2024: The pension transition dilemma
Dutch pension funds must tread a fine line between protecting funding levels and ensuring sufficient returns as they move to defined contribution
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NewsSwitzerland to cut funds to first pillar to pay out 13th month of pension
To offset a reduction of public funds, the cabinet plans to either increase contributions or VAT, or both
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NewsUK pensions committee calls for fresh approach to funding regulations
Industry welcomes recommendations that will help open DB schemes thrive
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NewsDAX company schemes continue alternatives expansion, says WTW
Total pension assets increased in 2023 by 4.9% to €257bn
