Defined benefit – Page 13
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Special ReportTop 1000 Pension Funds 2023: Europe’s pensions absorb a €646bn loss
Last year saw a net reduction in the asset stock of European pension investment retirement pools of 6.77% over the previous year, according to IPE’s annual study of the leading 1,000 pension funds across the continent, marking a sea change for pensions.
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NewsUK roundup: ITB Pension Funds complete £290m buy-in with Just Group
Plus: Aon publishes DB funding report; TPT enhances responsible investment choices for DC members
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AnalysisAnalysis: DB Funding Code reforms
The relevance of the Code has been called into question given the improved funding position of UK DB schemes
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Opinion PiecesViewpoint: How to prepare your scheme for the buyout backlog
Schemes must proactively prepare for major delays in risk transfers
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NewsIFoA highlights benefits of capital backed funding arrangements
CBFAs can ‘offer distinct benefits when compared with DIY approaches, superfunds, DB master trusts and conventional insurance risk transfer policies’
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NewsUK roundup: Leonardo Helicopters scheme picks Isio as actuarial adviser
Plus: DB trustees focus on illiquids when targeting bulk purchase annuities; Pension industry urged to reach out to LGBTQIA+ community
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NewsMercer urges trustees not to ignore incoming DB funding code
Funding level increased from 108% to 109% and has not dipped below 105% since the start of 2023
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NewsUK roundup: DB scheme transfers see significant fall in quotations
Plus: PLSA recommends policy measures to reduce risk of over-saving; Smart Pension partners with Punter Southall
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NewsUSS sees assets under management drop by 16%
USS asset under management fell from £90.8bn to £75.5bn last year
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NewsProposals to boost investment in UK growth should not be rushed
It is important that the government seeks a range of views through an extended consultation process, says XPS
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NewsChancellor reveals plans to boost pension investments in UK growth
Plus: DC pension schemes sign up to Mansion House Compact
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NewsWTW recommends policy changes to fuel UK economic growth
Plus: ABI calls on industry to put savers at the heart of plans to boost pension investment
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NewsDutch DC pension accruals ‘relatively low’, says regulator
Some 65% of workers in DC plans have pension contributions of 10% or less of pensionable salaries
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NewsClosed Dutch Unilever fund to continue DB arrangement
Univest, the investment vehicle for all global Unilever pension schemes, will hand over two bond mandates to external managers
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NewsUK DB schemes planning for buyout could save £20m, says Hymans Robertson
The firm’s latest guide aims to provide trustees with a ‘clear’ online framework to avoid ‘potential pitfalls’ on their journey to buyout
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NewsAlecta to diversify equities, cut non-Nordic exposure and add indexing
Swedish pensions heavyweight announces first steps in crisis-driven strategy overhaul
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NewsPensions industry calls on regulators to ‘materialise’ revised funding code
The code has introduced elements of flexibility, but uncertainty needs to be avoided
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Opinion PiecesViewpoint: Fee transparency – it’s good for managers too, but they probably won’t believe it
Asset managers are still not properly able to represent the true and comparative value-for-money they provide
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NewsPLSA pinpoints UK investment potential for pension funds
The association expects the scale and distribution of assets across the pensions sector to alter substantially over the next decade
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NewsFTSE 350 DB pensions schemes shift £5bn deficit to £38bn surplus
But ’there is every chance that 2022 will be a last hurrah for cash injections into DB schemes’, says WTW
