Pension System – Page 49
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Country ReportItaly: Private markets allocations at a crossroads
Italian pensions funds are showing renewed interest in fixed income, as investment in private markets slows down – but long-term commitments are still in place
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NewsDanish FSA warns spread of non-guaranteed pensions could undermine trust
Financial watchdog said danger that customers will lose confidence ‘particularly relevant’ after 2022’s big market losses
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Opinion PiecesViewpoint: UK defined contribution market
Many investors nearing retirement are unable or unwilling to take on the volatility associated with a more aggressive portfolio
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NewsWPP launches new sustainable global active equity sub-fund
The new sub-fund has launched with £1.2bn, with all eight Welsh Funds participating, and will be managed by Russell Investments.
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NewsPension assets shrank 16% last year, with 20% decline for Netherlands, UK
After 2022 dive in nominal bond prices, falls in equities, no country had funded pensions of more than twice its GDP, survey finds
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NewsGerman schemes could face further liquidity risks
Substantial rating downgrades of securities held by German investment funds could lead to high outflows
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NewsLGPS climate reporting rules delayed
‘The absence of a reporting regime only adds to the already considerable pressure placed on funds from lobby groups,’ says SAB
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NewsSwiss pension funds association backs second pillar reform
ASIP has been involved in the legislative process, considering the reform of the second pillar ‘necessary and urgent’
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NewsTPR’s new general code to improve outcomes for members
The new code will introduce new pension scheme governance responsibilities
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NewsUK pensions regulator in hot seat over lax governance of LDI
The Pensions Regulator was not able to monitor whether its LDI guidance on managing risk was being followed, Work and Pensions Select Committee finds
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NewsDutch DC pension accruals ‘relatively low’, says regulator
Some 65% of workers in DC plans have pension contributions of 10% or less of pensionable salaries
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NewsEIOPA says national supervisors need more data on liquidity risks
European pension funds, insurers holding up well despite higher stability risks, says latest risk report from EU pension and insurance watchdog
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NewsUK’s position as financial capital called into question amid regulatory burden
The UK is ‘losing ground to other jurisdictions’, says Investment Association
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NewsStandardised mortality rates 3% lower in 2022
The CMI model found that mortality in 2020 to 2022 was significantly higher than before the coronavirus pandemic
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NewsChurch of England, Commissioners cut oil and gas companies from investment portfolios
‘Some progress has been made, but not nearly enough,’ says the chair of the Church Commissioners for England
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NewsDACH roundup: Funding gaps in Swiss first pillar pension system remain
Plus: WTW partners with BAA; German lifeboat scheme set ups contribution rate
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NewsIreland moves step closer to auto-enrolment setup
There will be a separate tender for investment services later in the year
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NewsNationwide Pension Fund completes £1.7bn UK longevity risk transaction
Plus: DWP publishes review of pension transfer regulations; NEST reappoints TCS for admin services
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NewsPhilips pension fund caps indexation at 4% to protect buffer
The move can assist the scheme of the Dutch electronics firm to make the transition to the new DC system with a funding ratio of at least 110%
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NewsDAX pension investors set to benefit from calmer capital markets
Funding ratios reached a new high of 79% last year, compared with 72% the previous year, Aon report finds
