Defined contribution – Page 9
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News
UK master trust appoints Van Lanschot Kempen as fiduciary manager
With the mandate, the Cheviot Trust’s quality approach to governance will be enhanced by better information and data in relation to sustainability
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Analysis
Mansion House Compact: spotlight on NEST
NEST joined the Mansion House Compact in July 2023 as one of the first signatories, committing to allocating at least 5% of its default funds to unlisted equities by 2030
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News
Dutch hospitality industry fund ups interest rate hedge in run-up to DC switch
Pensioenfonds Horeca & Catering will be one of the first pension funds to switch to a DC arrangement on 1 January 2025
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News
Publica sees increasing trend towards lump sum pension withdrawals
Pension funds increase contributions to compensate for falling conversion rates to calculate payouts, says director
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News
UK pensions regulator to strengthen its authoritative grip
From April, TPR will create three new regulatory functions that protect, enhance and innovate in savers’ interests
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Analysis
Mansion House Compact: spotlight on L&G
L&G joined the Mansion House Compact in July 2023 as one of the first signatories, committing to allocating at least 5% of its default funds to unlisted equities
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News
APG pension fund scales back investment risk in run-up to DC switch
The fund is the first Dutch pension scheme to publish detailed plans about its investment strategy in the new DC system
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News
PPF selects Aviva to provide DC solution for hybrid schemes
Under the partnership, benefits of DC members of the PPF hybrid schemes will now be protected by Aviva’s master trust
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News
Auto-enrolment changes could add £105bn to young adults’ pensions
People’s Partnership has called for cross-party agreement with the support of key unions and trade bodies, on a timeline for implementing auto-enrolment reforms
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News
EIOPA’s IORP Risk Dashboard shows market and asset return risks as main concern
Liquidity risks are at a medium level but show an increasing trend compared to the previous quarter, driven by developments in derivative positions
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News
Industry sees continuity in Labour Party pension plans
Some ‘slightly interventionist’ changes include strengthening TPR powers in relation to DC consolidation
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Asset Class Reports
UK equities fail to regain their shine
UK pension funds are abandoning domestic equities, and the country’s global weighting in indices has also declined significantly
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Analysis
Mansion House reforms: UK government should embrace long-term thinking to boost the economy
Other countries have been far better than the UK at creating long-term strategies that have been maintained way beyond the five-year or shorter electoral timescales on which UK politicians focus
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Country Report
Ireland country report 2024: A no-nonsense consolidation approach
Ireland’s bid to reduce the number of single-member DC pension funds is succeeding but is not without teething troubles
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Opinion Pieces
Guaranteed retirement income and AI: key themes for the US in 2024
The three major 2024 trends in the US retirement industry, according to senior industry figures interviewed by IPE, are: Plan sponsors will continue to expand financial wellness programmes and explore optional provisions of the new pension law SECURE 2.0. Plan participants will up their demand for guaranteed income and ...
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News
WPT and Cushon in a first master trust consolidation
This is the first time an acquired authorised master trust has been merged into another authorised master trust
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News
Booking.com to join Dutch pension fund, court rules
The costs for the travel agency to join PGB retroactively from 1999 may amount to more than €400m
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News
First DC pensions for German financial industry is officially launched
The official start of the social partner model for the banking industry is ‘a milestone in retirement provision in the financial sector and beyond’ says Marco Hermann
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News
What does Thames Water’s valuation dip mean for UK pension funds?
Earlier this month USS cut the value of its investment in Thames Water from £956m to £364.4m
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News
TPR publishes private markets guidance for trustees
TPR says trustees who do not have skills or resource to explore diversified portfolios should consider changing governance model or consolidating