Pension System – Page 56
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NewsBank of England’s latest rate hike could have knock-on effect for DC savers
However, rising interest rates are good news for those thinking of using their retirement savings to purchase a guaranteed income in the form of a lifetime annuity
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NewsUK government says LDI still has useful place in pension scheme toolkit
Collateral buffers behind LDI need to be higher to withstand shocks, Trott tells MPs and Lords committees
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NewsUK pension fund boost for fast-growth industries, but challenges remain
‘We need regulation, accounting and policy changes to facilitate ‘VC into DC’,’ says Legal & General
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NewsDutch pension funds return -23% on average in 2022
The company pension fund of beer brewer Heineken did best, limiting losses on its investments to 9.3%
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NewsBulk annuity volumes reach £27.8bn, according to Aon
LCP and Hymans Robertson numbers differ slightly, but point to same upward direction
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NewsCredit Suisse, UBS pension funds to remain separate entities for now
Swiss Association of Bank Employees is demanding support particularly for older employees (over 55) in case of layoffs through early retirement
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NewsToo soon for LGPS reform on further consolidation, says PLSA
A forthcoming consultation would propose LGPS funds transfer all listed assets into their pools by March 2025
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NewsAPG struggles with 2027 pension transition deadline
Its own planning schedule is hard to reconcile with demands set by the regulator, according to the Netherlands’ largest pension administrator
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NewsL&G to enter Dutch buyout market with Lifetri partnership
According to the UK insurer, the pension reform in the Netherlands presents ‘an exciting opportunity’
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NewsMacron faces backlash as he bypasses parliamentary vote on pensions bill
The controversial pension reform proposed by Macron’s government seeks to merge France’s 42 separate pension schemes into a single, universal points-based system
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NewsSwiss parliament approves second pillar reform
The threshold to join a Pensionskasse would equal under the new regime to a salary of CHF19,845 per year
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NewsPension schemes bump insurers down as top investors in German Spezialfonds
Spezialfonds managed pension scheme assets totalling €530.4bn at the end of December last year, equivalent to a market share of almost 28%
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NewsUK Budget: pensions annual allowance increased, LTA abolished
These changes to pension allowances won’t impact the vast majority of hard working savers, industry says
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NewsSwiss MPs draw up proposal to set aside disagreements on second pillar reform
The reform plan proposed by the Council of States would cost around CHF100m more per year than the version proposed by the National Council
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NewsUK roundup: FTSE 350 pension scheme funding shows noticeable surplus increase
Plus: Trustees warned of insurance firms’ TCFD reports for risk transfer selection; Pension funds hold key to unlocking nature and wildlife potential
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NewsInarcassa hedges equity exposure, resumes private markets allocations
According to the new strategic asset allocation for 2023, Inarcassa is increasing its allocation to bonds by 3%, while reducing equities by 1.5%
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NewsBrunel Pension Partnership makes cost savings of £34m ahead of 2025 target
The pool claims to be saving almost four times the costs it incurs thanks to the management fees it negotiates
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NewsAP7 probes own climate lobbying to ‘set good example’
Sweden’s second-biggest pension fund sets itself twin tasks of being more open about climate lobbying, and doing more evaluation
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NewsSweden’s AP funds claim ‘major improvements’ in cocoa farming’s child-labour issue
Buffer funds’ Council on Ethics to extend reactive work to cover more asset classes
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NewsPensions Authority launches research on IORP II implementation in Ireland
EIOPA and the European Commission are supporting the Authority in the implementation of forward-looking risk-based supervision in Ireland
