News – Page 138
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NewsSwiss investors weigh up illiquids as valuation uncertainties mount
PPCmetrics is currently observing ‘great uncertainty’ as to whether the stated valuation of some illiquid assets reflects their true value
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NewsLD picks BankInvest for listed alternatives, citing quant, factor-based approach
Danish pension fund manager “pleasantly surprised” by volume of extremely high quality offers received
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NewsBelgian IORP numbers down in 2022, members up
Belgian regulator delivers latest annual statistical overview of IORP sector
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NewsGerman economist calls for review of ‘mothers' pension’ amid budget redraft
The Mütterrente was ‘purely an election gift’, says Monika Schnitzer, chair of the German Council of Economic Experts
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NewsIrish DB schemes’ average funding level above 100%
This marks the first time in 15 years of the LCP’s accounting survey that the average funding level has been above 100%
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NewsSwiss APK applies minimum interest rate on members’ pension savings
The scheme expects its funding ratio to hit 100% after a ‘very volatile’ year
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NewsItaly’s INPS increases minimum pensions
The institute will increase minimum pensions this year by 5.4% for people who are employed and self-employed
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NewsACA sets up steering group to assess risk and opportunities of AI for pensions
The group will be chaired by LCP partner Alex Waite and to date is made up of members from Aon, Barnett Waddingham, Buck, Isio, Mercer and XPS
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NewsProfond returns 4.6% despite market volatility
The pension fund recorded a 4.6% return and a funding ratio of 107%
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NewsValue of USS’s stake in Thames Water drops by almost two-thirds
The ‘fair value’ of USS investment fell to £364.4m last year, down from £956m in 2022
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NewsKBR trustees appoint LGIM as fiduciary manager
Appointment covers over £1bn in assets and aims to further improve financial security for over 9,000 members
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NewsConcreto broadens investment in private markets
The scheme will invest 5% of the assets held in the sub-fund in alternatives
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NewsATP hands SAP six-year €46m IT contract, taking over from KMD
Danish pensions, benefits giant switches operational provider for migration to ‘future-proof technology’ based on SAP cloud services.
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NewsAustrian provident funds increase allocation to bonds, equities
FMA’s report also showed that the pension schemes reduced their allocation to real estate
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NewsKeva positive on idea of investigating stabilisation mechanism
”Our defined benefit system has not been very ‘defined’ in the longer term,” says head of Keva’s EU pensions team
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NewsSwiss pension funds increase interest rates on pension savings
The pension fund for the city of Zurich, Migros Pensionskasse, PK SBB and Publica, among others, have made changes to their interst rates on pensions
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NewsPLSA to further develop recommendations aimed at driving UK growth
The association’s top strategic policy priority for 2024 will be to establish what role pension funds can play in supporting UK growth
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NewsItalian government defines stringent requirement for early retirement
One of the changes includes women asking for early retirement under the ‘Opzione Donna’ at 61, instead of 60, and 35 years of contributions
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NewsInvestors’ in-house ESG scores diverge more than providers’ ratings
There is just 30% correlation between the ESG scores that asset managers assign to their portfolio companies, compared with 50% for external ratings providers
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NewsPensions Authority sets out changes to fees calculation for occupational schemes
The changes apply to occupational pension schemes with 20 or more participating employers
