Defined contribution – Page 31
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News
€500m VAT windfall for Dutch pension funds in new DC system
Pension funds will get a VAT exemption because the switch to DC transfers investment risks away from pension funds to their members
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News
Solidarity buffer to absorb inflation shocks in new Dutch pension system
The exact rules that govern the additional measure still have to be worked out
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News
Dutch funding ratios reach highest point in 10 years
The new high comes just as the country is preparing a shift to a DC system
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NewsDWP adds ‘disclose and explain’ proposals to DC illiquids boost agenda
Major DC consulation also reveals government plans to continue with charge cap reform despite opposition
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NewsCDC schemes could be extended to multi-employer funds, master trusts
Call for age-related contributions to be allowed in CDC schemes
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News
OECD adopts revised good DC design messages as recommendation
One of changes involves broadening message on pay-out phase beyond annuitisation
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FeaturesJoseph Mariathasan: India’s NPS reaches $100bn in assets
India’s state-run voluntary defined contribution New Pension Scheme (NPS) has reached a milestone of $100bn (€88bn) in assets and is likely to double in size every five years, according to renowned economist Ajay Shah. There are many lessons to be learnt from the success of the NPS, particularly for developing countries seeking to create pension safety nets for their populations from scratch.
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Opinion PiecesNotes from the Netherlands: Inflation could bolster pension reforms
The Dutch pension agreement, paving the way for a change from a defined benefit to defined contribution-type system, was concluded in the pre-COVID summer of 2019. But it is still waiting to be implemented, with the delay blamed on the protracted negotiations following Dutch parliamentary elections in March 2021.
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Book ReviewBooks – Demographics Unravelled: A broad and granular understanding of demographics
Amlan Roy’s contention in his new book Demographics Unravelled is that a wider and more holistic approach to demographics is necessary. An academic by background and a long-standing former head of global demographics and pensions research at Credit Suisse, Roy’s choice of focus in his book underlines his views.
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Country ReportProfile – Carola Schouten: New pensions minister to push for solidarity
The Hague’s first dedicated minister for pensions has a prodigious task ahead in implementing new collective DC framework
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Opinion PiecesEditor's letter: Could CDC provide a solution to the pension income problem?
This month sees the close of a consultation in the UK on a new code of practice for authorisation and supervision of collective defined contribution (CDC) pensions schemes. Trustees will be able to apply to set one up from August this year.
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FeaturesStrategically speaking – WTW: Democratising private markets
WTW’s ill-fated merger with Aon, announced at the outset of the pandemic in early March 2020, would have shaken up the corporate insurance brokerage market. It would also have created an outsourced CIO (OCIO) giant to compete with Mercer in terms of delegated assets under management (AUM).
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News
Dutch professional funds choose to retain solidarity contract in new DC system
Shipping pilots and medical specialists have voiced a preference for the solidarity version of the new pension contract
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News
APG in talks with Festina Finance for admin contract
The Dutch pension provider would be Festina’s first admin client in the Netherlands
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Features
Accounting: IASB’s sustainability challenges
Thinking back to 2007, pensions was the spectre at just about every feast when it came to the work of the International Accounting Standards Board (IASB), not least because of the push to persuade the US to adopt International Financial Reporting Standards (IFRS).
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Opinion PiecesPEPP could be a slow-burn success if big asset managers help
When early pan-European pension concepts took shape, spearheaded by the late Koen de Ryck of Pragma Consulting and his groundbreaking 1996 report, there was a vision that cross-border pension provision by the likes of Unilever and Shell would provide a European model for DB pensions that would boost labour mobility, take workplace retirement provision to under-served markets and set standards for the future.
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Country ReportAuto-enrolment: a never-ending story?
COVID, Brexit and elections all contributed to the delay in the introduction of the workplace schemes
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Opinion PiecesLetter from US: Upcoming court ruling could create complications for DC plan sponsors
By the first half of this year, the United States Supreme Court is expected to issue a decision that could affect the defined-contribution (DC) industry. The case is Hughes vs Northwestern University, one of about 150 similar class-action lawsuits filed nationally in the past few years, alleging that plan fiduciaries breached their duty of prudence under ERISA, the Employee Retirement Income Security Act of 1974.
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NewsUK roundup: DC market concentration continues
Number of occupational pension schemes has declined by nearly 40% in a decade, regulator’s figures show
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NewsRegulator starts consultation into CDC code of practice
The eight-week consultation will run until Tuesday 22 March
