Funding – Page 10
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NewsSwiss pension funds’ funding ratios deteriorate, says Swisscanto
The report showed that 16.1% of private pension funds and 44.4% of fully funded public pension funds are underfunded
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NewsLow Countries’ COVID recovery funds contingent on pension reform
The Netherlands and Belgium must push through reforms to their pension systems to receive COVID recovery grants from Brussels
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NewsBaFin warns of sinking reserves for Pensionskassen with higher interest rates
The regulator has identified six main risks for 2023 in its latest risk report
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NewsUK roundup: Tioxide Pension Fund in £430m buy-in deal with L&G
Plus: Smart Pension launches sustainable investment strategies; Pensions Management Institute partners with Phoenix CIS
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NewsInterest rate hikes lead to negative returns for Austrian pension funds
Austrian Pensionskassen have returned -9.67% last year while provident funds Vorsorgekassen -7.6%
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NewsNorway roundup: Tangen on boards, OPF investment, FSA on strong solvency
At Davos, NBIM chief tells company boards to sharpen up; Oslo Pensjonsforsikring invests in tech firm No Isolation
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NewsDACH roundup: DAX companies’ pension assets drop
Plus: WTW Switzerland buys GiTeC, Swiss parliamentary committee consults on second pillar reform
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NewsPublica returns -9.6% as bond and equity losses hit
The funding ratio across all Publica’s pension plans stood at 96.7%
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NewsSwiss corporate pension funding decline can lead to take recovery measures, says WTW
Rising discount rates, instead, had a positive impact on companies’ international balance sheets
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NewsUK retirees see 20% increase in expenditure due to high inflation, says association
PLSA updates Retirement Living Standards as inflation adds to cost of retirement
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NewsNorway overrules FSA on fund fees, saving pension funds NOK8bn, says lobby
Finance Ministry disagrees with FSA that mutual fund managers are subcontractors
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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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NewsSwiss pension funds post -12% returns in difficult 2022
Technical funding ratios of Swiss schemes lost on average around 16 percentage points and stood at 103.9% at the end of 2022
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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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NewsAktienrente fund needs ‘three-digit billion’ sum for impact, says German finance minister
The funds the government plans to allocate in the initial phase for the statutory equity pension are not sufficient, says Christian Lindner
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NewsAsga Pensionskasse expects -6% returns this year
Despite the negative returns, Asga will apply an interest rate on saved capital of its members of 2.5% in 2022
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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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Actuaries association chair calls for renewed focus on systemic risks
There is currently little system-wide information on the use by individual schemes of LDI strategies
