Funding – Page 23
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News
Old British Steel Scheme set for £2bn buyout with PIC
The transaction will secure the pensions of 30,000 former steelworkers and keep them out of the Pension Protection Fund
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NewsUK regulator delivers superfund guidance for trustees, sponsors
Guidance follows the announcement of an interim regime for superfunds in the summer
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UK roundup: Brickmaker scheme completes £340m buy-in
Deal covers more than half of Ibstock Pension Scheme’s liabilities
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NewsSwiss schemes see Q3 funding ratios go above 110%
The number of underfunded pension institutions reached 67 at the end of September, up from 24 at the end of last year
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Superfund sees ‘train hard to fight easy’ value in tough TPR process
Rigorous regulatory assessment important for confidence
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How the Howden Joinery pension fund navigated the global pandemic
The UK building supplies company had just signed off on a new long-term strategy when the pandemic hit
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PPF: Redeveloped long-term risk model will enable ‘step-change’
Annual report also reveals COVID-19-triggered reserves, funding ratio slumps
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NewsSwitzerland’s APK to lower conversion rate from 2022
The savings of the insured as of 31 December 2021 will be increased by 1.25% over two years
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Dutch minister to prevent ‘unnecessary’ pension cuts
The minimum required funding ratio for pension funds that was reduced from 100% to 90% for 2019/20 has now been extend to 2021
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NewsSwiss parliament votes in favour of non-interest bearing account
The Council of States, the upper house of the Parliament, has approved the proposal yesterday with 43 votes in favour and none opposing
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LCP calls sponsors to work closely with trustees to consider superfunds
The buyout demand may outstrip market capacity, forcing schemes to remain in the funding regime for significantly longer than anticipated
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Hymans calls on trustees to consider commercial consolidators
DB scheme members of weaker employers have 50% chance of benefits cuts
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NewsUK pension schemes ‘over-dependent’ on equity performance, says WTW
‘Simply putting all your eggs in one basket and hoping for unlikely events will not be enough to solve the funding gap’
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News
Lower life expectancy lifts Dutch funding ratios by 2%
Funds with a young population are being affected more than more mature schemes
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USS warns of higher costs to employers as COVID-19 hits hard
The UK’s largest scheme has placed high demands on universities in order to keep potential future costs down
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NewsSwiss pension funds see boost in funding ratio following market turmoil
Schemes still have to generate 2.2% in returns by the end of the year in order to keep funding ratios at constant levels
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Aon: latest valuations show 67% UK schemes use long-term funding target
The LTO principle is key to the revised TPR code of practice
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Koolmees: ‘Balanced transition’ most difficult challenge of new pensions contract
If pension schemes’ funding ratios are still below 100% at the moment of transition, they will have no choice but to cut pension rights
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NewsDutch regulator delays new UFR to smooth drop in coverage ratios
Coverage ratios would drop by at least 6% if the new UFR would be introduced today
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News
Risk that large DB employer insolvencies could ‘seriously strain’ PPF
LCP sees PPF well-placed to withstand deep COVID-19-related downturn, but fate of firms with large DB deficits key
