Consolidation – Page 4
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NewsPPF ‘well placed’ to take on public sector consolidator role
‘The public sector consolidator option could substantially deliver against the government’s objectives,’ says PPF chief
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AnalysisAnalysis: Is consolidation for UK small pension pots too complex?
The proposed creation of a public sector consolidator could open up de-risking opportunities for smaller schemes, says Broadstone
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Special ReportUK: Encouraging UK growth through consolidation
The UK government is pursuing plans to leverage pension assets to boost economic growth while generating best returns for members
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NewsDenmark’s AkademikerPension welcomes overtures from architects
PAD members favour AkademikerPension’s record on climate and the scheme is considering ditching its current investment provider Sampension
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NewsDACH roundup: FCA gives go-ahead for GAM takeover by Liontrust
Plus: Universal Investment starts US equity fund with Montrusco Bolton; Ecclesia buys Pension Solution Group -
NewsUK master trusts expected to be slashed to 10 amid market consolidation
Recent master trust acquisitions include National Pension Trust by SEI, and of Evolve Pensions by Smart Pension
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NewsSEI acquires National Pensions Trust for £42.5m
The total combined assets of NPT and SEI Master Trust will be approximately £3.4bn
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NewsValue over cost, says new UK pensions regulator chief
’Our position is clear: no saver should be in a poorly performing scheme that doesn’t offer value for money,’ says Nausicaa Delfas
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NewsUK roundup: Brunel updates climate policy following review
Plus: Smart Pension reaches £3bn in total assets amid market consolidation; Timpson pension fund signs buy-in deal with Just Group
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Country ReportUK: Is it too soon to reform pension pools?
In his March 2023 Budget, UK chancellor Jeremy Hunt challenged the Local Government Pension Schemes (LGPS) in England and Wales to “move further and faster on consolidating assets”, proposing that LGPS funds transfer all listed assets into their pools by March 2025.
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NewsAlecta makes positive return in Q1 despite US bank losses
Financial position deteriorated between January and March but still good, says troubled Swedish pensions firm
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NewsSwiss schemes limit losses from Credit Suisse downfall through diversification, risk monitoring
Publica has refused to approve the decisions of Credit Suisse’s board of directors at every AGM since 2016
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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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NewsSwiss pension funds fear Credit Suisse/UBS deal will knock competition in banking sector
Takeover could hinder ability of pension funds to negotiate conditions with banks
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Opinion PiecesGuest viewpoint: The UK pensions sector should be more aggressive on consolidation
UK pension assets across both defined benefit (DB) and defined contribution (DC) funds are too fragmented, and our schemes, even the biggest, are sub-scale. Consolidation is not the answer to everything, but it is a big part of the solution.
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News
Alecta slashes DB pensions cost, boosts payments – on inflation, rates surge
Sweden’s largest occupational pension provider lifts DB pension payments by nearly 11% and cuts premiums by 40%
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Country ReportCountry Report – Pensions in Switzerland (November 2022)
Our report on Swiss pensions also looks at the growing demand for so-called 1e plans, additional pension vehicles for higher earners. The 1e sector is ripe for consolidation, like the market for multi-employer pensions (Anlagestiftungen), where the federal regulator is concerned about a build-up of complexity and supervisory risks. We also cover the annual survey of the consultancy Complemeta and assess Swiss pension funds’ asset allocation plans.
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Country ReportSwitzerland: 1e pension schemes gain traction
First sign of consolidation appears in the market of 1e pension plans
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NewsInsurer ASR acquires Aegon’s Dutch pension practice
The take-over means a further consolidation of the Dutch PPI market after last week’s acquisition of WTW’s PPI by Zwitserleven
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News
Topdanmark investment losses trigger emergency measure ahead of Nordea sale
With life and pensions unit divestment due to complete, Danish insurer posts 9.1% nine-month investment loss
