Funding – Page 35
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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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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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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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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
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NewsSwiss minimum interest recommendation disappoints pension funds
Multi-stakeholder expert body recommends government set minimum accrual rate at 1%, 50 basis points higher than the level called for by Asip
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NewsFunding level at large Dutch funds reaches critical limit
The funding level of industry-wide pension funds in the Netherlands fell to an average of 96.9% in July, according to DNB, with five below the critical 94.7% level
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Swiss municipal pension schemes face funding shortfalls: analysis
Pension fund for city of Lucerne has funding in excess of 100%, while Lausanne’s coverage ratio was 64.2% in 2018, according to Avenir Suisse analysis
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University staff warn of fresh strike action over contributions [updated]
Employers welcome proposal from USS’ Joint Negotiating Committee but union rejects higher costs for scheme members
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One fifth of UK schemes in ‘weak’ position by TPR standards
Hymans Robertson analysis finds just 11% of schemes have a “strong” sponsor covenant, while one in five trustees has or expects to experience regulatory intervention
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NewsDutch pensions reform ‘threatens healthy schemes’: SPH chair
Chairman of GPs’ pension scheme warns that sharing out funding surpluses among participants would be “unworkable and undesirable”
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Pension liabilities set to rise as mortality falls in first half
Analysis from longevity experts at Club Vita indicates that longevity improvements could be on the rise again – which means DB scheme costs could increase
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L&G backs ‘innovative’ buy-in for Hitachi UK pension scheme
The data and technology company’s scheme has insured members’ benefits, preserving an unusual DB-DC hybrid arrangement
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€3bn Dutch pharmacy staff scheme reduces risk profile
PMA reduces equities allocation from 50% to 40% in favour of fixed income, lifts interest rate hedging to 40%
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Dutch schemes headed for rights cuts after dramatic funding drop
Pension funds’ coverage ratio declined by four percentage points in the first week of August
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Dutch regulator’s pension fund aims for 30% outperformance on ESG
Pensioenfonds De Nederlandsche Bank also plans to reduce its carbon footprint by 10% relative to benchmark, and cut controversial weapons and tobacco from its investment universe
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NewsDe-risking deals totalled £17.6bn in H1: LCP
Legal & General and Pension Insurance Corporation dominated the market for buy-ins and buyouts in the first six months of 2019, and the total for the full year is set to be a record
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UK roundup: The best and worst industries for employer contributions
Also: The Pensions Regulator authorises DC master trusts run by Aon and Railpen
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‘Link investment policies to scheme demographics’, says trustee
Schemes’ investment policies should be geared to the age of a scheme’s population, says Dutch pension trustee Paul de Geus
