Pension System – Page 48
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NewsSNS Reaal pension fund goes 100% green in corporate bond portfolio
The fund will also switch to a new Article 9 high-yield bond fund later this year
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NewsTPR updates superfunds guidance with saver security as primary focus
When TPR published its original guidance in 2020, it committed to review the issue of profit extraction within three years.
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NewsNest Sammelstiftung reconsiders private markets approach
High fees, questionable added value and governance among reasons for the rethink
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NewsLifeSight reaches €2bn AUM in Ireland ahead of auto-enrolment arrival
’Employers are preparing for big reforms around pensions, with the expected arrival of auto-enrolment early next year’
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NewsKENFO to invest assets of reformed first pillar in private markets
KENFO’s managers will invest the assets of the generational capital
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NewsFopen picks BNP, Schroders, UBS for equity and bond sub-funds investments
The scheme has started the process to define its new strategic asset allocation
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NewsDACH roundup: FCA gives go-ahead for GAM takeover by Liontrust
Plus: Universal Investment starts US equity fund with Montrusco Bolton; Ecclesia buys Pension Solution Group -
NewsGerman government moves to boost first pillar equity pension fund to €200bn
The plan is to turn the purely pay-as-you system into a partially capital-funded system
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NewsPension benefits rise by up to 30% in new DC system, says Dutch transport fund
Pensioenfonds Vervoer is the first fund to publish a detailed DC transition plan
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NewsMajority of DB schemes expect to approach an insurer about de-risking within five years
86% of trustees anticipate their scheme approaching an insurer for a Bulk Purchase Annuity (BPA) transaction within next five years
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NewsBVK’s new pension plan could set trend towards flexible pay-outs
From next year, members of the pension fund can receive a pension benefit at age 65 that exceeds the normal level of pensions by around 15%
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NewsMercer urges trustees not to ignore incoming DB funding code
Funding level increased from 108% to 109% and has not dipped below 105% since the start of 2023
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NewsUK roundup: DB scheme transfers see significant fall in quotations
Plus: PLSA recommends policy measures to reduce risk of over-saving; Smart Pension partners with Punter Southall
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NewsGerman experts endorse equity-geared public fund for third-pillar reform
Fokusgruppe Altersvorsorge recommendations have not given ‘a clear perspective’ on the future role of capital-funded pensions, says Council of Economic Experts
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NewsHigh Court puts a stop on future changes to BBC pension benefits
The case could have potential implications for a number of employers with DB pension schemes, not just the BBC
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NewsSwedish roundup: AP7 tender; Folksam, KPA, Skandia and Länsförsäkringar returns
Premium pension default provider seeks internal audit services
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NewsDACH roundup: Returns on equities boost Swiss pension schemes’ funding ratios
Plus: BaFin lays out classification method for pension funds’ assets according to SFDR
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NewsUSS sees assets under management drop by 16%
USS asset under management fell from £90.8bn to £75.5bn last year
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NewsReport slams pension funds and advisers for false climate assumptions
Carbon Tracker report cites advice from Mercer and information given to members from LGPS Central; Mercer says report ‘presents an incomplete, and therefore misleading, summary of Mercer’s climate change analysis’
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NewsUK roundup: Mitchells & Butlers scheme in £1.2bn buy-in with Standard Life
Plus: LGIM launches fossil fuel exclusion strategy; Qantas Airways pension fund completes £40m buy-in with PIC
