Defined contribution – Page 14
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NewsABP postpones DC transition to 2027
The news comes shortly after pensions minister Carola Schouten moved the final date for pension funds to introduce DC arrangements to 1 January 2028
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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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NewsPensioenfonds ING anticipates 20% benefits increase in new DC system
The fund’s board believes the reduced need for a buffer in DC will translate into higher pension benefits
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NewsDanish FSA warns spread of non-guaranteed pensions could undermine trust
Financial watchdog said danger that customers will lose confidence ‘particularly relevant’ after 2022’s big market losses
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Opinion PiecesViewpoint: UK defined contribution market
Many investors nearing retirement are unable or unwilling to take on the volatility associated with a more aggressive portfolio
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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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NewsPhilips pension fund caps indexation at 4% to protect buffer
The move can assist the scheme of the Dutch electronics firm to make the transition to the new DC system with a funding ratio of at least 110%
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NewsPGB to minimise solidarity aspect in new Dutch DC system
The Dutch multi-sector scheme will limit the solidarity buffer to the legally required minimum of 5%, while not offering a risk-sharing buffer in its flexible DC arrangement
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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 master trusts don’t survey members on risk appetite
‘Risk considerations are not driven by member views but by expert opinion,’ says Hymans Robertson
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NewsNew PPF proposals would represent ‘seismic changes’ to UK pensions landscape
Plans would mean ‘struggling’ DB schemes could choose to opt-in to the Pension Protection Fund
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NewsDutch pension providers welcome additional year for DC implementation
Dutch social partners had spoken out against any delays beyond 2027, but now say they can live with the postponement
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NewsFresh delay to Dutch pension reform
Pensions minister Carola Schouten has offered a one-year extension to the implementation period in order to secure a Senate majority for the DC transition
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NewsSweden’s premium pension tenders to kick off with European large-cap equity
Fund Selection Agency announces asset category of first tender, says deadline will be end of August
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Country ReportUK: Schemes must prioritise members
Pension funds are encouraged to invest in UK illiquids, but it cannot come at any cost
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Country ReportUK: DC investment won't be a panacea for tech and science
The UK government’s March Budget contained plans to boost investment in high-growth industries such as digital, life sciences and advanced manufacturing, so they can start, scale up and remain in the UK.
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Opinion PiecesCDC: finally off the starting blocks
The Pensions Regulator (TPR) last month approved the Royal Mail Collective Pension Plan as the first registered collective defined contribution (CDC) scheme in the UK
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Country Report
UK: One way for DC schemes to access private markets
There is much debate about mark-to-model valuation methodologies and whether a material economic downturn will cause these to catch up with public market price falls, but the history books will show that portfolios with allocations to private markets were more robust than those with none in 2022 – the worst year on record for traditional balanced portfolios.
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NewsGerman government plans to broaden social partner pension model
Plans will enable workers not represented by a union and smaller firms to join pension agreements
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NewsPensionsEurope Conference: Risk management in time of transition
The move from DB to DC schemes, and a renewed emphasis on ESG, lead to a rethink in governance and investments
