Funding – Page 37
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NewsDutch social partners and government reach agreement on retirement age
Underfunded schemes are temporarily off the hook after the minister for social affairs agreed to temporarily relax minimum funding rules
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High street chain agrees £310m pension funding deal with regulator
Arcadia, owned by Sir Philip Green, is attempting to cut its debt bill to stave off bankruptcy and has secured the support of the Pension Protection Fund
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Most pension funds missed funding recovery targets, says Dutch regulator
Three pension funds – including giant metal and engineering sector pension funds PMT and PME – are facing benefit cuts in 2020
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Academics call for government inquiry into USS governance
More than 1,000 UK-based professors and university staff have demanded action over governance concerns at the UK’s largest pension fund
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Staff and students protest as college threatens exit from USS
Council in charge of Trinity College, Cambridge wants to extract itself from USS in a move that could cost it £30m
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NewsChart of the Week: AP7 boosts share of Swedish DC system to record 42%
Government report shows AP4 has posted the best long-term annualised return among the four main state pension buffer funds
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‘Tens of thousands’ strike on second day of pension protests in Netherlands [updated]
Major Dutch trade unions rallied this week to protest against a planned increase in the state pension age
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NewsContributions must rise for Dutch builders’ scheme, says chairman
BpfBouw is the healthiest of the Netherlands’ five biggest schemes, but still has concerns about the sustainability of its arrangements
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Booming Swedish economy boosts inflows for pension providers
Folksam and Alecta gained market share in the first quarter while Skandia and AMF experienced a dip in contributions
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NewsGerman Pensionskassen announce major cuts to reserves
Ailing Caritas and Kölner PK have agreed recovery terms with member representatives and the national financial regulator BaFin
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NewsStudy highlights imbalance between dividends and pension payments
LCP found that FTSE 100 companies paid £90bn to shareholders and just £13bn to pension funds in 2018
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Marks & Spencer strikes fresh buy-ins worth £1.4bn with PIC, Phoenix
The UK high street chain has now insured ‘approximately two thirds’ of its pensioner liabilities to reduce exposure to longevity changes and other risks
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Swiss voters approve €4bn recapitalisation of Geneva pension fund
A plan worth CHF4.4bn will take the Swiss canton’s public pension scheme to a funding level of 75%, but without a DB to DC shift
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UK regulator to expand scope and powers [updated]
The Pensions Regulator says it will take a greater interest in more pension schemes as part of its latest corporate strategy
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NewsSwiss pension funds bounce back from 2018 losses
The average funding ratio of Swiss Pensionskassen declined by more than 5 percentage points during 2018 after the fourth-quarter equity crash
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UK high street chain shuts £5.6bn DB scheme
John Lewis Partnership will switch its staff to an “improved” defined contribution fund after a year of negotiations with staff
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BT slashes cost of legacy pension equalisation
UK company annual reports are starting to reflect less pessimistic estimates of the cost of October’s court ruling
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Fresh proposals for USS funding fail to satisfy university staff
The higher education staff union says a proposed new contribution schedule for the £64bn scheme is not sufficient to break the negotiating deadlock
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NewsLife expectancy will continue to fall in 2019: KPMG
Longevity swap contracts could be ‘out of the money’ given major shifts in data on life expectancy, warns accountancy group
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Stagecoach sues UK government over pension-related rail franchise ban
The transport company is taking legal action after it was banned from three franchises for refusing to take on funding risk related to Railpen
