Funding – Page 5
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NewsThe Pensions Regulator’s funding code is laid in parliament
The industry is still awaiting the publication of final statement of strategy and employer covenant assessment
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NewsUniversities Superannuation Scheme reports £9.2bn DB surplus
The value of the DB fund increased by £1.7bn over the year to 31 March 2024
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NewsCERN pension fund posts negative returns while other schemes rebound
Swiss pension funds achieved average net returns of 5.1% in 2023, according to Swisscanto
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NewsFTSE 350 companies paid £6.6bn to UK DC plans in 2023
DC spend exceeds DB spend among DB sponsors for the first time
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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 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
