Pension System – Page 54
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Opinion PiecesLDI lessons: be wary of future traps
After the global financial crisis of 2008-09, world leaders meeting at the Pittsburgh G20 summit mandated central clearing for derivatives. This was to allow for greater supervisory oversight and to mitigate against the unintended build-up of risks of the kind that almost toppled the financial system in the guise of over-the-counter credit default swaps.
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Opinion PiecesGuest viewpoint: Pensions and the EU's plans on social protection
Elections for the European Parliament will be held in spring 2024, after which a new European Commission will be formed. Early preparation to collect new ideas is ongoing. The Commission’s high-level group on the future of social protection and of the welfare state published a report in February, taking a wide-angle look at social protection, including pensions.
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Opinion PiecesCDC: finally off the starting blocks
The Pensions Regulator (TPR) last month approved the Royal Mail Collective Pension Plan as the first registered collective defined contribution (CDC) scheme in the UK
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Country ReportCountry Report – Pensions in UK (May 2023)
UK pensions are at a crucial juncture. The UK Parliament’s inquiry into the LDI crisis of September 2022 shed some light on its causes, but the debate on the role of LDI is alive and well. Meanwhile, regulators including The Pensions Regulator and the Financial Conduct Authority have advised pension schemes on how to make LDI strategies more resilient to shocks.
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NewsSweden’s move to tie pension age to lifespans found to bolster pension system
Swedish Pensions Agency finds that over 75 year, PAYG system’s assets will exceed liabilities because pension age to be linked to life expectancy after 2026
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NewsDanish FSA develops national stress test for pension firms
Watchdog says new tests have higher local coverage than EIOPA’s stress tests, and are tailored to national conditions
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NewsThe Pensions Regulator pushes trustees on long-term funding targets
TPR’s Annual Funding Statement explains how pension funds will need to reset funding and investment strategies
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NewsAEIP defends proportionality principle in IORP II review consultation
The IORP sector is asking for more proportionality, not less, according to the European Association of Paritarian Institutions
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News‘Potential renaissance’ of UK DB pensions mooted amid parliamentary probe
Work and Pensions Committee’s inquiry into defined benefit pension schemes ends today
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NewsBuy-in roundup: Safeway completes £1.4bn deal with Rothesay
Plus: Ibstock Pension Scheme’s £190m buy-in with Just Group; Market volatility pushes buy-in/buyout volumes
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NewsBaFin warns of further risks for Pensionskassen
Risks are perceived from investments in Spezialfonds and alternative investments, as well as in private equity and private debt funds
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NewsGerman government plans to broaden social partner pension model
Plans will enable workers not represented by a union and smaller firms to join pension agreements
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NewsBilling granted discharge at Alecta AGM – on auditors’ advice
No flood of pension savers at open meeting, but press conference goes out live on Swedish national TV
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Opinion PiecesViewpoint: A landmark moment for British pensions
What is it the British pension savers want, and until now have been denied in private sector pensions?
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NewsFuture of UK pensions ‘looks risky’, says IFS as Pensions Review is launched
The Pensions Review will produce a series of detailed reports over the next two years on these challenges facing future generations of pensioners
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NewsArkwright beats McKinsey in tender for AP funds’ evaluation contract
Mats Langensjö and Claes Green to lead Arkwright team in annual evaluations of Swedish state pension funds
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NewsAP4 slashes transport holdings after green-shift fundamental analysis
Swedish state pension fund divests airlines, shipping, and traditional lorries while buying into US rail and niche players in truck freight
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NewsUK parliamentarians call for greater accountability of regulators
RRG recommends forming a new cross-parliamentary committee to oversee the performance of regulators
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NewsPensionDanmark CEO Torben Möger Pedersen quits after 30 years
High-profile pensions industry veteran was Danish labour-market fund’s first employee
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NewsUK government pushes for wider CDC schemes as regulator approves Royal Mail as first
Aon calls for regulations to be in place for wider forms of CDC by the end of 2024
