Funding – Page 9
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NewsLCP urges UK DB sponsors to prepare for challenging economic times
Covenants under scrutiny: LCP urges sponsors to be ‘proactive’ as corporate insolvencies look set to increase
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NewsClara’s first superfund transaction marks ‘significant milestone’ for UK pension industry
LCP estimates there could be £5bn or more further superfund transactions in the next few years
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NewsSwiss pension schemes see funding ratios decline in Q3
Commodities help sustain returns as situation in oil market remains tense, says Swisscanto
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NewsSouth Yorkshire pension fund delivers surplus of assets over liabilities
This is the first time South Yorkshire Pensions Authority delivered surplus of assets over liabilities since 1990s
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NewsStandard Life highlights barriers for trustees to deliver endgame strategy
Market volatility was cited as a key concern by trustees to deliver their endgame strategy
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NewsEquities performance knocks Swiss fund market in Q3
Almost all asset classes suffered outflows in the first nine months of the year, says AMAS
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NewsAustrian Pensionskassen returns slow down in Q3
Pension schemes will ‘continue to rely on their diversification strategies to achieve solid long-term results for their beneficiaries’, says association
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NewsUK sees record £21.2bn transferred to insurers in first half of 2023
LCP research shows number of UK private sector DB schemes fully-funded on buyout has increased to 20%
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NewsWTW expects Swiss corporate pension funds to lift technical interest rates
Discount rates increased during the third quarter of this year, pushing down liabilities by 0.5%, according to the consultancy
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NewsPension schemes encouraged to run on to avoid potential value loss
Van Lanschot Kempen launched a solution for schemes approaching their endgame to encourage longer term thinking for the benefit of members, trustees and sponsors
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NewsLondon Stock Exchange Pension Scheme in £335m buy-in with Standard Life
The transaction secures benefits of the scheme’s 1,740 members
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News68% of Irish DC schemes plan to wind up and transfer to alternative arrangement
Many schemes are moving their pensions into multi-employer mastertrusts or personal retirement savings accounts
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NewsElevated mortality rates accelerate DB scheme shift towards de-risking
Mortality analysis from the start of the coronavirus pandemic until the end of 2022 showed that England and Wales had an excess mortality rate of 26% at the end of 2022
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NewsSwiss pension fund industry slams regulator’s new definition of improved benefits
The Swiss Chamber of Pension Fund Experts (SKPE) has firmly rejected the proposed change because it is ‘too restrictive’
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NewsUSS employers urge scheme for fast conclusion of 2023 valuation
Employers ‘wish to be cautious and proportionate’ in making responses to USS’s improved funding position
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NewsStakeholders propose flexible funding rules for German Pensionskassen
Proposal foresees temporary underfunding through so-called ‘standby agreement’ between the Pensionskasse and sponsoring companies
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NewsValue of UK defined benefit schemes falls by £626bn in 2023
ONS data indicates that the total value of DB pension schemes decreased from over £2trn at the start of 2022 to less than £1.4trn by the end of March
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NewsGerman pension funds pull out of Spezialfonds for first time
Spezialfonds recorded an outlfow worth €1.9bn from pension institutions in the first half of the year, an historic first
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NewsKeva to boost equities as board ramps up risk to target higher returns
Finland’s biggest pension fund argues long-term deficit risk is the institution’s key risk
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NewsGovernance group calls UK government to end DB/DC ‘intergenerational unfairness’
To encourage corporate DB schemes to build a surplus, plan sponsors should be offered the chance to deploy surplus to boost DC contributions, IGG says
