Pension System – Page 163
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News
Aegon pushes for DC switch for Dutch staff
Continuing with DB arrangements would cause a disproportionate increase in costs, according to the insurer – but other options are limited
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NewsSwiss pension funds’ alternatives allocation hits double digits [updated]
Complementa study also finds that pension funds will have to cut benefits to close the gap between required returns and forecast returns
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News
Dutch Pensions Federation rings alarm bells over looming disaster [updated]
Industry organisation calls for urgent consultations between minister and pensions sector to prevent serious damage to system
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News
Top pension schemes back industry cost reporting initiative
USS, Royal Mail, RBS and seven others pen letter endorsing new industry cost disclosure standard
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NewsSwiss high earner pension plan providers expect significant growth
Surveyed providers of 1e plans expect assets under management to grow from CHF3.8bn to CHF12.7bn over the next five years
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NewsFrance expands scope for new pension vehicles in IORP II bill
Government calls on insurance sector to take up opportunity offered by FRPS vehicles and help make a success of the PACTE law’s retirement savings reform
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News
Dutch unions, employers seeking solution to avoid pension cuts
Unions and employers are attempting to come up with ways to make sure pension values can keep pace with inflation in the Netherlands’ new system
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News
German treasurers increase focus on pension asset management
VDT says its focus will include in-house versus external fiduciary management, pension finance, and accounting issues
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News
Intergenerational fairness under pressure in Dutch system, survey finds
The principle of solidarity between pension fund participants – one of the key elements of the Dutch pensions system – is under pressure, according to Netspar
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News
Estonia set to overhaul €4.4bn second-pillar system
Coalition government’s decision follows similar moves in Poland and Romania to scale back second-pillar coverage
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News
Netherlands roundup: Longevity gap increases
Plus: Achmea Pensioenservices posts €14m loss in the first half of 2019 as it continues to phase out old IT systems
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News
‘Huge’ variations in outcomes between default DC funds: report
Employers have been urged to monitor the performance of their pension plans more closely given big differences between fund outcomes
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NewsUK think tank calls for state pension age increase to 75
The Centre for Social Justice has proposed a range of policy reforms to promote flexible working and retirement for older workers
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News
High Court blocks £12bn Prudential-Rothesay annuities transfer
Unusual judgement could increase insurer appetite for pension buy-ins or buyouts, says expert
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News
Pension liabilities set to rise as mortality falls in first half
Analysis from longevity experts at Club Vita indicates that longevity improvements could be on the rise again – which means DB scheme costs could increase
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News
Dutch union demands state pension increase as second-pillar cuts loom
FNV’s Tuur Elzinga says the Netherlands’ government should raise state pension benefits to compensate for imminent cuts to second-pillar pension payments
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News
€3bn Dutch pharmacy staff scheme reduces risk profile
PMA reduces equities allocation from 50% to 40% in favour of fixed income, lifts interest rate hedging to 40%
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News
UK health insurer transfers £20m DB scheme to master trust
TPT Retirement Solutions has consolidated a ‘wide variety’ of schemes in the past year
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News
Dutch schemes headed for rights cuts after dramatic funding drop
Pension funds’ coverage ratio declined by four percentage points in the first week of August
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NewsUK roundup: L&G buys pension pot consolidator in ‘dashboard’ move
Plus: LGPS Central to use KAS Bank for cost transparency work
