News – Page 152
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NewsSwiss government reviews first and second pillar pensions
In the second pillar, the reviewed ordinance clarifies the definition of pensioners’ portfolios
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NewsUncertainty must ‘take centre stage’ in climate scenario advice to trustees
Failure to communicate uncertainty in damage estimates ‘the most glaring flaw in the advice’
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NewsPension reform to continue despite election result, says Dutch minister
According to Carola Schouten, pension funds and their administrators must continue preparing for the switch to DC
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NewsBoots pension scheme completes largest single transaction with L&G
The deal secures benefits of all 53,000 retirees and deferred members of the scheme
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NewsSocial partner model on track to expand to ceramics, glass, paper industries
Over 50 companies have already joined the social partner model in the chemical industry
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NewsGRI seeks comments on draft standards to enhance climate action transparency
The consultation comes on the eve of the United Nations COP28 climate change summit
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NewsGerman baking industry starts DC options via BVV Pensionsfonds
The introduction of pure DC options – BVV.MAXRENTE – comes after more than three and half years of negotiations
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NewsCo-op pension fund insures remaining £4bn of liabilities
The transaction secures benefits for almost 50,000 members
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NewsERAFP names 11 winners in multi-billion equities hiring spree
Amundi and BlackRock were among 11 winners in a European and Japanese equities hiring process by the French civil service pension scheme
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NewsGermany’s Growth Fund raises €1bn with Allianz, BlackRock, Generali backing
Over 20 institutional investors allocated capital to the fund, investing in German and European venture capital and venture debt funds
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NewsUBS to examine integration of Credit Suisse pension fund
Credit Suisse Pensionskasse has a funding ratio of 124.2%, CHF17bn assets under management, and over 16,000 members
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NewsSEI completes acquisition of National Pension Trust
The deal, which had a total cash value of £42.5m, follows recent expectations of an accelerated consolidation of the master trust market
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NewsUK’s Autumn Statement proposals encourage DB schemes to run on
Chancellor announces consultation on changes to rules around DB scheme surpluses and tax rate reduction on surplus extraction
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NewsUK’s pension regulator to enhance approach to master trusts
DWP analysis shows trust market could grow from around £140bn in 2023 to £420bn in 2030
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NewsDWP consultation finds trustees could benefit from more support
A key barrier to achieving better long-term outcomes for pension savers is a ‘damaging and continual focus on cost and minimising all risks’
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NewsMixed views on UK government plans to consolidate DB schemes into PPF
PPF a ‘clear choice’ for public sector consolidator, but concerns remain over the time it would take to make it operational
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NewsUK pensions industry hesitant about ‘pot for life’ proposals
Pension providers will inevitably seek to ‘cherry pick’ high earners, while ordinary savers get left behind, says LCP
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NewsGerman lifeboat scheme increases members’ contributions
The volume of contributions increased last year to €685m from €242m in 2021
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NewsChancellor updates on Mansion House reforms, announces further consultations
The government will consult on opening PPF as an investment vehicle for smaller DB schemes
