Pension System – Page 166
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News
Half of FTSE 100 companies could buy out DB funds in 10 years: report
Diverting an additional 6% of profits would let 70% of FTSE 100 schemes buy out within a decade, says Barnett Waddingham
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UK pension fund figures sign climate impact pledge
Signatories pledge to push asset managers to engage with investee companies about their impact on climate and plans to transition to a low-carbon future
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France’s Agirc-Arrco cuts deficit, adopts SRI charter
The reported deficit in the newly merged schemes fell from €2.9bn to €1.6bn ahead of a targeted return to financial equilibrium in 2020
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Dutch government proposes lump sum payments at retirement
New concept for the Netherlands will form part of the country’s wider planned pension reforms
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FeaturesDutch pensions agreement dodges the real issues
Social partners have agreed compromises relating to the state pension age and early retirement Many crucial aspects are yet to be confirmed and could still derail efforts to reform the system
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NewsNetherlands roundup: Parliament demands cost review of new pensions system
Also: €857m company pension scheme plans to consolidate into a general pension fund, posing problem for administration provider
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Swiss pension vehicles secure greater investment flexibility
New rules coming into effect in August will expand investment foundations’ opportunities, including higher equity allocations and access to alternative assets
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Regulator voices ‘real concerns’ over small DC schemes
Charles Counsell comments on consolidation, defined contribution and risk management in his first speech after taking over as chief executive of the UK’s Pensions Regulator
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Dutch sector fears delay in finalising pensions agreement
Large majority of conference attendees expect that a deadline of December 2020 for fleshing out this month’s pensions agreement will not be met
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Dutch pension system ‘in peril if interest rates remain low’, says minister
The government plans to address how low interest rates have affected the capital-funded system in a forthcoming ‘road map’ for pensions reform
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NewsDanish ‘wise men’ call for expansion of pension reform plans
Four academics have said a planned pension commission should have its remit expanded to address a number of issues within Denmark’s pension system
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University staff threaten to boycott Cambridge college over USS withdrawal
Withdrawal from multi-employer scheme for the higher education sector will cost 2% of Trinity College’s assets; USS plays down impact on funding and covenant
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Austria’s biggest pension fund ‘adds €1.5bn to economy’
Academic research shows economic impact of VBV Group’s investment activities; Survey shows dwindling faith in Austrian first pillar system
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NewsAuto-enrolment success masks inadequate savings rates, industry warns
More people are saving into a pension in the UK following auto-enrolment, but the amount they are saving is far short of what is needed
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ABP faces €1bn bill for unpaid labour disability benefits
Compensation for 16,000 workers could cost the Dutch civil service pension scheme up to €1bn
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UK regulator seeks to stem flow of exits from DB schemes
Financial Conduct Authority says too much financial advice related to transfers is ‘still not of an acceptable standard’
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ESG roundup: Alphabet ‘should lead on responsible use of AI’, says Hermes
Also: Investors back carbon pricing accord at Vatican summit; CDP leads calls for better environmental reporting at 700 companies
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Ireland toughens capitalisation rules for DC master trusts
DC master trusts must hold at least €100,000 in reserve regardless of size, according to new requirements published today by the Pensions Authority
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Bosch’s cross-border plan thwarted by regulatory hurdles
Engineering company transfers Austrian pension plan to local provider after regulations prevent consolidation within German Pensionsfonds vehicle
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PLSA invites FTSE 100 chairs for workforce data, governance talks
UK pension fund association hopes schemes and companies working together will improve workforce disclosure and governance standards
