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Swiss second-pillar reform ‘does not deserve support’, says PwC pension fund CEO
Analysis by c-alm finds that it will take 28 years for the reform to take effect
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USS settlement with Petrobras and PWC Brazilian subsidiary
In February 2018, the Universities Superannuation Scheme (USS) reached a settlement with PWC’s Brazilian subsidiary as part of a class action lawsuit against Petrobras.
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Dutch funds risk €18bn bill if pension transition called off, says PwC
Dutch pension funds would have to shoulder the cost of running expensive legacy DB systems for decades to come, the accountant warns
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PwC finds limited ManCo compliance with SFDR PAI rules
Also, 39.1% of surveyed firms said they did not consider ‘principal adverse impacts’ of their investment decisions
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UK roundup: New Airways pension fund reappoints PwC as trustee
Plus: AEAT pension case highlights gaps in members’ complaints route; Cambridge University scheme picks Redington for advice
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Why pension buyout deals in Germany still struggle to take off
German companies are still reluctant to implement pension buyout projects, especially when it comes to large volumes of obligations, says PwC
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PwC Luxembourg launches European ESG dashboard
Research reveals that 66% of European institutional investors plan to stop investing in non-ESG funds
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UK pension funds hit record £250bn surplus, research from PwC reveals
The increase was mainly driven by the continuing rise in long-term bond yields
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UK DB schemes’ surplus should lead to more efficient investing, says PwC
Pension scheme investment in Gilts has more than doubled, from 23% to 50% of their assets, the firm found
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Trustees are lowest paid in pension scheme management: PwC survey
The average pay of a trustee who is not a board chair, but is likely to have additional responsibilities such as chairing a sub-committee, is £30,000 a year
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Norway’s new Arctic SWF unit hires first three portfolio managers
Ulf Nore, Tonje Roti and Ola Oppegaard appointed to work in Tromsø at Folketrygdfondet’s new asset management union from mid-April
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Swiss pension funds call for review of ESG reporting standards
Swiss schemes have faced challenges with data collection, processing and consolidation when reporting for the first time
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Clara superfund takes over Wates Group’s 1,500 members
This is the first superfund transaction to be completed by an active business, Clara claims
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PwC: Dutch schemes invest largest stake abroad
Foreign holdings of Dutch pension funds increased by six percentage points
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PwC: Dutch pensions reform unlikely to cause costs explosion
Pensions providers found it difficult to come up with an estimation of costs after the transition to a new pensions system
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People moves: Aon appoints new UK head of responsible investment
Plus: Siemens appoints Johannes Jasper as head of asset management for pensions
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PwC: Asset management costs to drop 20% by 2025
Asset managers must embrace new technology to cushion decreasing income, says consultancy group
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Italian institutional investors confronted with hard reality of net-zero transition
Panellists at Salone.SRI in Milan this week agreed that journey towards net zero will progress despite challenges
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Swiss occupational pension experts reject reform ahead of referendum
Proposed changes, if approved in the upcoming referendum, will make the secondpillar pension system ‘even more complex’, says IZV
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UK regulator publishes defined benefit covenant guidance
The update is the last piece of the jigsaw to help schemes carry out valuations under the new DB funding code