Defined benefit – Page 6
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Opinion PiecesCould Dutch pension reforms still be reversed?
1 January 2025: that’s the day the first Dutch pension funds will move to a defined contribution (DC) system according to the new Pension Act. So the clock is ticking for politicians who still hope to reverse the pension changes, or give members a say on the mandatory conversion of defined benefit (DB) accruals to DC capital, the most controversial part of the pension reform.
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Country ReportDutch pension reform opponents running out of time
Political parties struggle to reach agreement on what an alternative pensions system could look like
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Country ReportPFZW moves beyond oil and gas divestment
In a podcast recorded for IPE’s Dutch sister publication Pensioen Pro, Ravien Sewtahal of PFZW and Colin Tissen of the pension fund’s asset manager PGGM reflect on the Dutch healthcare scheme’s engagement programme with fossil fuel firms and PFZW’s next steps in climate engagement
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Country ReportNetherlands Country Report 2024: The pension transition dilemma
Dutch pension funds must tread a fine line between protecting funding levels and ensuring sufficient returns as they move to defined contribution
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NewsUK pensions committee calls for fresh approach to funding regulations
Industry welcomes recommendations that will help open DB schemes thrive
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NewsNext Group completes £510m buy-in deal with Pension Insurance Corporation
Pension liabilities for over 3,600 pensioners and deferred policyholders of the Next Pension Plan have now been fully insured
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NewsAA scheme appoints Van Lanschot Kempen as fiduciary manager
The mandate contributes £800m to Van Laschot Kempen’s total client assets under management
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NewsPPF proposes bespoke discount rates in valuations for smaller schemes
The consultation will close on 6 May and seeks views from actuarial professionals and industry stakeholders
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NewsGerman asset managers make inroads into occupational pensions
Trend towards DC plans and social partner model in SMEs opens up opportunities for money managers
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NewsIGG’s aim is to support scheme trustees, not replace them
The firm wants to access the small schemes’ market and is looking to launch a new product this summer, according to CEO Andrew Bradshaw
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NewsUK debt crisis could see DB scheme funding levels fall by 7%
Deficits for well-funded schemes could increase by £4m per £100m of liabilities
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NewsClara-Pensions completes second transaction with Debenhams
This is the first transaction from PPF assessment for Clara-Pensions
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NewsScottish Widows and Rothesay complete £6bn in-force bulk annuity deal
The transaction is expected to lead to a Part VII transfer of underlying assets and policy liability next year
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NewsUK regulators to remove barriers on productive finance investing
FCA, PRA and TPR will work together to manage potential risk and support the development of a more positive ecosystem for UK investment
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NewsPension funds look to sell real estate investments
Investment-grade bonds and private credit are the most popular asset classes, according to a GSAM pension fund survey
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NewsOckham Pension Scheme completes £110m buy-in deal with Just Group
This is a third buy-in completed by a pension scheme sponsored within Liverpool Victoria
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News£100bn could be returned to UK plan sponsors over next 10 years, says Isio
In response to regulatory changes, Isio launched purposeful run-on framework to help schemes invest beyond full funding on a buyout basis
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NewsRoyal London kicks off entry into UK bulk annuity market
The move follows transaction with Royal Liver UK pension scheme and the Royal London Group pension scheme
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NewsDutch wholesalers fund to give members individual choice on DC switch
The fund’s decision aligns with MP Agnes Joseph, a former actuary, who is advocating freedom of choice for pension fund members
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NewsUK ‘cools-off’ on pot for life model as it announces Spring Budget
Industry welcomed slow down from government in a push to introduce lifetime pensions provider model
