Funding – Page 24
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Hitachi scheme completes buy-in journey ahead of schedule
Aon accompanies sole corporate trustee to final £275m deal with Legal & General
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Survey: FTSE 350 discount rates narrow
‘Market volatility in the first half of 2020 led to falls in discount rates’
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PLSA warns of trust hit from RPI-to-CPIH switch, ‘hopeful’ about decision
Industry group recommends formation of working group, as used for LIBOR-SONIA shift, to determine most equitable transition away from RPI
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Swiss pension funds’ perseverance pays off in pandemic-stricken H1
Funding ratios rose to 110% at the end of H1
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Siemens Benefits Scheme signs £530m buy-in
The pension fund chose an umbrella contract to allow for potential future transactions to be completed quickly and easily
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WTW Pensionsfonds pursues expansion with further takeovers
Total assets ballooned to €4.4bn in the 2019 fiscal year, a steep shot up from €1.1bn in 2018
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Frijns, Mensonides: New Dutch pension agreement is not ‘future-proof’
The expected real pension return for the elderly ‘does not look good’
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Germany’s lifeboat scheme ready to face new occupational liabilities
The full PSVaG protection will be granted to those entitled from 2022
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Littlewoods scheme completes de-risking with £930m buy-in
Rothesay Life deal covers liabilities of retail scheme’s remaining 6,454 uninsured members
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UK roundup: COVID-19 pushes back FTSE350 DB endgames
Plus: Exeter Uni in Mercer-Aon switch for investment advice
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German Pensionskassen show resilience with tough measures
Pensionskassen are forced to opt for either reducing benefits or adjusting the interest rate for new contributions
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Mercer survey reveals FTSE 350 DB accounting deficits skyrocket by £13bn
Total DB liabilities reached £970bn at the end of July
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COVID-19 mortality impact negligible for Dutch funding ratios
9.1% more deaths were recorded in the first six months of the year than could be expected based on the historical average
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Swiss schemes pushed to adopt riskier strategies amid crisis uncertainty
Swiss pension funds will need to pursue riskier investment strategies in a hunt for higher returns in a prolonged period of low interest rates and amid the consequences of the COVID-19 pandemic. “Hunting for yield is costlier and harder to do for pension funds, as for other investors,” Jackie ...
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Aon: FTSE 350 DB scheme funding gap widens
The top 10% of DB schemes were funded to at least 115% last year, while the bottom 10% were less than 80% funded
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Pension scheme of collapsed rural retailer agrees £100m bulk annuity
PPF+ deal includes flexibility for top-ups when further assets are recouped during insolvency proceedings
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UK universities scheme deficit climbs to £13bn with COVID-19 impact
DB promises were expensive already before the pandemic crisis, says CEO
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Austrian pension funds’ performance rebounds in Q2
Returns of 5.44% in Q2 2020 despite market volatility
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UK roundup: XPS models potential COVID-19 liability cut of up to £90bn
Plus: £5m bulk annuity for small scheme; PensionBee calls for more support for those accessing DC pensions
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BTPS keen for big voice in ESG/fixed income debate, says CEO
Credit rating agencies should step up their game on ESG, Nilsson says