Pension System – Page 58
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NewsSocial partner model spreads to small, medium-sized firms in Germany
New contracts for more than 600 employees have been signed so far
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NewsUK roundup: L&G Mastertrust reaches £20bn AUM milestone
Plus: Smart Pension achieves 50% cut in default growth fund emissions, 20-20 Trustees to merge with Punter Southall Governance Services
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NewsAP4’s 11.9% loss confirms AP3 as largest buffer fund after 2022
Last of the big-four Swedish pensions buffer funds to report 2022 figures says active management worsened result by 3.8 percentage points
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NewsDanish lobby says tax agency owes pension firms nearly €500m
IPD complains to ombudsman after tax authority fails to act properly on ECJ ruling of 2014
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NewsTPR’s new funding code causes cost concerns for DB schemes
Nearly half of trustees and sponsors (42%) are concerned about the additional governance challenges, and in turn associated costs, that the code will bring
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NewsDifficult for pensions industry to prepare for pensions dashboards, says Isio
For pensions administrators, the decision on which ISP to connect with constitutes the beginning of a long-term partnership and significant investment
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NewsSwedish buffer funds AP1, AP3 report 2022 losses of 8.6%, 5.8%
AP1’s CEO stresses importance of liquidity management; AP3 says emerging markets exposures to be analysed
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NewsThe Pensions Regulator launches ESG, climate campaign
TPR is warning trustees that enforcement action may be taken against them if they fail to publish their statement of investment principles
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NewsAP7 loses 9.5% in 2022 but beats average premium pension fund
State-run default in first-pillar DC system says forex, private equity and risk premia shored up returns last year
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NewsLower accruals age adds 100,000s to pension fund member tally
Three sector funds in low-wage industries expect the bulk of new 18-21 year-old members
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NewsSwiss canton of Vaud pension fund contains losses with real estate, infrastructure
The scheme’s funding ratio stood at 68.6% at the end of 2022
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NewsGerman Pensionskassen yet to set up joint decision mechanisms on sustainable investments
Pensionskassen still steer their investment policy without considering the demands and opinions of their members, says professor
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NewsNordic roundup: AP2 custodian, Swedish funds agency, OPF 0.3% loss
Sweden’s premium pension funds agency consults on procurement documentation
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NewsAP2 boasts resilient portfolio after 6.7% 2022 investment loss
First of Sweden’s AP funds to report full-year figures says beat benchmarks by 0.3 of a point overall
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NewsVarma beats Ilmarinen on 2022 returns but shrinks faster
Varma suffers 4.9% investment loss in 2022, while Elo loses 3.7% and Veritas sheds 4.5%
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NewsItalian pension fund association calls on government to cut tax burden on returns
The association is also demanding the government replaces the pro-rata standard to calculate pension benefits
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NewsGlobal pension assets down 16.7% in 2022
UK pension funds suffered the greatest losses due to their forced selling of Gilts during the liquidity crisis last autumn
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NewsDespite 6.6% investment loss, Ilmarinen refunds €175m as costs fall
Finnish pensions insurer says solvency rules must change
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NewsBelgian pension funds pass stress test even in unfavourable scenario
Belgian schemes achieved an average return of -14.98% in 2022
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NewsKLP blames ‘human error’ as it corrects huge pension underpayments
Norwegian municipal pensions giant owed 100 pensioners individual sums of up to €45,000 – including some deceased people
