Funding – Page 34
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News
Major Dutch funds still on course for pension cuts despite September lift
Coverage ratios improved a bit in Septmeber, but not enough
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NewsATP rejects criticism as board mulls solutions to rates, longevity problem
Business model of Denmark’s statutory pension fund ‘under pressure’, say CBS academics
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News
National Grid UK pension scheme seals £2.8bn buy-in
Transaction is the third large pension deal with Rothesay Life to have been announced within the last two weeks
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Alecta chief queries relevance of EU consumer protection lens to Swedish pensions
Billing argues that high risk-free capital requirements could lead to weak protection
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NewsDutch metal schemes to apply benefit cuts quickly
Smoothing the required reductions over a 10-year period would increase costs, according to PME board member Marcel Andringa
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News
‘Changing discount rate could destroy pension system’, warns Dutch PM
Mark Rutte warns a major change to the discount rate could discourage younger people from saving – but government vows to battle ‘unnecessary’ pension cuts
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News
Travel company’s £1.4bn scheme heads for PPF assessment [updated]
Thomas Cook’s UK pension plans are ‘marginally overfunded’ according to the lifeboat fund, meaning an insurance deal could avoid pension cuts
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News
USS ‘pushing regulator to the limit’ on risk, says CEO
£68.5bn scheme’s leaders say they have taken a position of ‘maximum flexibility’ in a bid to resolve a long-running dispute over contributions
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News
Weak funding levels are a threat to reform, says Dutch Pensions Federation
Schemes lack the cash to compensate older workers for a transition from average to degressive pensions accrual, says the industry trade body
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News
Swedish pension funds slam draft IORP II solvency rules
Folksam, AMF and Alecta home in on proposals for traditional guaranteed pensions while industry association says ambiguities in the draft must be addressed
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NewsABP and PFZW headed for early pension cuts as funding level crashes
Collapsing interest rates caused funding to fall through the minimum level of 90%, meaning millions of Dutch savers face pension cuts from next year
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NewsSwiss pension funds’ alternatives allocation hits double digits [updated]
Complementa study also finds that pension funds will have to cut benefits to close the gap between required returns and forecast returns
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NewsSwedish pensions lobby says new IORP II rules too close to Solvency II
The regulator has revised its timetable for the implementation of IORP II, pushing the deadline back to January 2020 – a year after it was supposed to come into force
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NewsRothesay Life to raise £500m in preparation for DB insurance deals
Plus: Legal & General has insured a UK law firm’s £35m scheme, transferring from its fiduciary management business
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News
Dutch Pensions Federation rings alarm bells over looming disaster [updated]
Industry organisation calls for urgent consultations between minister and pensions sector to prevent serious damage to system
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NewsSwiss pension funds facing negative discount rates
Company pension schemes may need to use negative rates to discount liabilities – mean obligations could rise by around 15%
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News
UK DB scheme deficit hits two-year high amid Brexit uncertainty
The combined DB pension funding shortfall across the UK’s biggest 350 listed companies increased by £16bn during August
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News
Collapsing interest rates put Dutch schemes in danger zone
The 30-year swap rate dropped by 43 basis points in August, leading to the average coverage ratio falling from 102% to 98%
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News
USS deficit hits £6.6bn as chief exec warns on market outlook
Staff and employers have been unable to agree contribution levels – and recent market volatility could require them to pay even more
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NewsFall in yields deals solvency blow to Danish pension providers
A change to liability calculations for Danish pension providers and insurers has had a significant impact on the companies’ solvency ratios
