Funding – Page 19
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NewsUK roundup: DB schemes stronger than pre-COVID levels
Plus: DWS, Tikehau’s new secured income fund; National Trust awards climate change mitigation mandate
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Norway takes record withdrawal from SWF in revised budget
“Right and necessary to implement powerful financial measures,” says finance minister
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KLM and unions agree DC switch for ground crew
The airliner has received €3.4bn in loans from the Dutch state to avoid bankruptcy
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NewsGerman lifeboat scheme sees contribution rate climb to highest level
Contributions grew from €1.08bn in 2019 to €1.48bn last year
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Ilmarinen sees contributions slip as COVID hits client payrolls
Finnish pension insurer reports 4.8% return for Q1, contributions fell to €1.4bn from €1.5bn a year ago
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NewsUnnamed UK pension scheme signs £6bn longevity swap
Longevity risk was reinsured to PFI subsidiary, with Zurich acting as intermediary on a ‘pass-through’ basis
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NewsDACH roundup: Swiss schemes’ funding ratio peaks at record level in Q1
Plus: Q1 results for Austrian Pensionskassen; Germany passes location act for industry boost; Porsche pension fund seeks pensions specialist
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Country ReportFunding code: Deciphering the new code
With the Pensions Regulator consulting on a new code of practice for defined benefit (DB) scheme funding, trustees are advised to take a long-term view of investment, covenant and liabilities
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NewsFormer pensions minister warns retired workers’ income set to fall dramatically
‘We have been living in a fool’s paradise when it comes to incomes at retirement,’ says Webb
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ABP funding ratio exceeds 100%
‘The chance of pension cuts over the coming years remains real,’ says Corien Wortmann–Kool, ABP president
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NewsSwiss cantonal Pensionskassen record funding ratio uptick in 2020
The funding ratio for the Canton Appenzell Ausserrhoden pension fund stood at 116.3%, topping the fully funded schemes’ list
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NewsSwiss corporate schemes record all-time-high funding ratio in Q1
Pension assets continued to grow in the first quarter of this year with a positive return of almost 4%
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German DAX firms see rise in pension liabilities, says Aon
The discount rate for DAX 30 companies fell further last year to 0.77% from 1.10% in 2019
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NewsSwiss roundup: equities, real estate drive APK’s returns in 2020
Plus: Allianz Suisse cuts conversion rates; PG Impact Investments’ climate strategy; University of Zurich’s Pensionskassen investment delegation survey
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UK pension funds seek judicial review of inflation measure reform
BT, Ford and Marks & Spencer pension schemes believe ’far-reaching implications not fully considered’
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USS rejects employer request for review of 2020 valuation approach
‘No justifiable basis for review until alternative proposals made or new information materialises’
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NewsHayfin sees record deployment via direct lending strategy
Investors include the UK’s Staffordshire Pension Fund and the North East Scotland Pension Fund
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NewsGerman government quick starts fund with €10bn for ‘future tech’
State-owned development bank KfW will be responsible for the administration of the equity fund
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DAX firms top outlook with €9.9bn returns on pension assets
Pension liabilities and pension assets of DAX firms decreased last year by 1.8% and 3.9% to €409bn and €266bn, respectively
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NewsSolvency II review may weigh heavier on Sweden than elsewhere: lobby
In Norway, Gabler says new capital requirement for interest-rate risk to have big effect on private pension funds
