Defined benefit – Page 16
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NewsMercer research shows £35bn surplus for FTSE 350 pension schemes
The present value of liabilities fell from £627bn at 30 November 2022 to £595bn at the end of December 2022 driven by a rise in corporate bond yields
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NewsUK roundup: Church Commissioners commit £100m to impact investment
Plus: Gates schemes complete £132m buy-in deal with PIC
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NewsAdmin practicalities and costs block pensions progress, says Barnett Waddingham
Other barriers included a lack of impact on the scheme, a lack of knowledge or engagement, or concerns about giving members too much choice
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Greece’s funded supplementary system heads towards first €24m
New Greek pension system ‘will lead to higher pensions’
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Alecta slashes one-off premiums by 7% as higher rates cheapen DB
Swedish pensions giant lowers premiums for PRI redemptions, saying pricing must be based on current market conditions
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UK regulator’s new DB funding code sparks industry concern
TPR launched its new code today, but experts point to discrepancies with DWP regulations
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NewsUK pensions regulator releases new DB funding code
‘The new funding code may be a double-edged sword for sponsoring companies,’ says Cardano Advisory
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Barclays Bank UK scheme completes £7bn longevity risk transaction
It’s the scheme’s second multi-billion-pound longevity transaction, following the £5bn transaction in 2020
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NewsEIOPA’s first IORPs climate stress test shows material exposure to transition risks
The exercise focused on the asset portfolio of IORPs
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NewsPersistent inflation to raise cost of DB provision, says Swedish lobby
Insurance Sweden says in report that country’s insurance and pension firms still have good financial position despite 2022 stocks slump
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UK roundup: Border to Coast reappoints Robeco for voting and engagement support
Plus: FTSE 350 pension scheme funding stabilises following Gilt market turmoil; Coats UK scheme completes buy-in with Aviva
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Fiduciary managers face challenges as growth slows and AUM falls
Total fiduciary management AUM decreased 5% to £218bn in 2022, largely as result of a rise in yields driving declines in Gilts and LDI portfolios
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UK mini budget accelerates DB schemes de-risking, says Russell Investments
Inflation and central bank policy action are critical issues for pension trustees and sponsors
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Irish Pensions Authority calls on DB schemes under LDI scrutiny
The regulator wants to know that, where schemes decide to implement an LDI strategy, trustees are making informed decisions
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DWS increases portfolio duration after LDI market turmoil
Liabilities of the Deutsche Bank’s pension plans amount to €20.4bn
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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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NewsLarge Dutch pension funds defend DC switch in letter to parliament
The initiative was triggered by recent negative media reports about the move to DC, according to ABP, PFZW, PMT, Bpf Bouw and PME
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Actuaries call on new pensions minister to favour flexibility to address pensions challenges
‘We urge the incoming pensions minister to listen to industry concerns about implementation of existing policies,’ says Hymans Robertson
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Cassa Forense to reform pension provision from 2024
Changes to the pension plan are in line with the broader reform of the Italian pension system
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Dutch opposition parties play hard to get as pension debate runs into overtime
PvdA and GroenLinks, whose support the government needs to steer the law through the Senate, want more assurances to bring down the number of workers without a pension
