Pension System – Page 66
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NewsUK roundup: Tioxide Pension Fund in £430m buy-in deal with L&G
Plus: Smart Pension launches sustainable investment strategies; Pensions Management Institute partners with Phoenix CIS
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NewsBritish employers could face £34bn bill following new pension rules, says LCP
Employers could find themselves receiving demands from schemes for large sums, collectively running into tens of billions of pounds
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NewsIPD calls for swift Danish, EU action on green energy in face of Biden’s rapid rollout
Danish pension funds will make their renewable infrastructure investments in US if Denmark, EU don’t move now, says lobby
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NewsGerman Green Party defies idea of growing first pillar equity pension funds
Green MP Frank Bsirke warned against diverting contributions for investment in the equity market ‘at the expense of millions of pensioners’
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NewsVBV pension funds post negative returns in 2022
Last year’s results were disappointing, says CEO
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NewsInterest rate hikes lead to negative returns for Austrian pension funds
Austrian Pensionskassen have returned -9.67% last year while provident funds Vorsorgekassen -7.6%
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NewsBulk annuity, longevity hedging deals set to reach £60bn, says WTW
Improved funding positions following a significant increase in Gilt yields, along with some of the cheapest pricing seen in over a decade
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NewsDutch lump sum option postponed yet again
The introduction of a lump sum option for retirees, originally planned for 1 January 2022, will now be postponed to 2024
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NewsGerman government to start discussions on third pillar pensions reform
A focus group, under the leadership of the Ministry of Finance and including academics, associations and social partners, are to meet on 24 January
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NewsPension return tax should be far more visible, says Danish lobby
IPD says the levy can amount to as much as monthly salary in a single year, and Danes should be more aware how much they contribute
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NewsDutch ‘early bird’ schemes delay pension transition plans
Pension funds that had planned to transition to the new DC system in 2024 are delaying their plans due to lack of capacity with their administrators
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NewsItaly roundup: Fondenergia swaps Amundi with Credit Suisse to manage ‘garantito’ fund
Plus: Euronext moves clearing activities to Italy
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NewsDACH roundup: DAX companies’ pension assets drop
Plus: WTW Switzerland buys GiTeC, Swiss parliamentary committee consults on second pillar reform
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NewsUK roundup: WTW’s Lifesight selected as master trust provider for KBR
Plus: Merseyside scheme picks Redington as strategic investment adviser
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NewsPublica returns -9.6% as bond and equity losses hit
The funding ratio across all Publica’s pension plans stood at 96.7%
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NewsGerman government to set up foundation with up to €150bn for first-pillar pension reform
Nuclear waste management fund KENFO to help Stiftung Generationenkapital on asset management
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NewsBritish Steel Pension Scheme completes £2bn buy-in with Legal & General
Plus: Amey pension fund in £400m buy-in deal with PIC
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NewsDutch pension funds ask government to pay for supervisory cost increases
Additional supervisory costs related to the pension transition should be financed by tax payers rather than pension funds, according to Dutch social partners
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NewsCompenswiss holds strategy as first pillar reform gives room for illiquid investments
It will receive additional funds through an increase of the VAT rate
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NewsSwiss corporate pension funding decline can lead to take recovery measures, says WTW
Rising discount rates, instead, had a positive impact on companies’ international balance sheets
