Funding – Page 3
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NewsLucite International Pension Fund in £130m buy-in with Just Group
The transaction secures the benefits of 438 uninsured members, including 156 pensioners and dependants and 282 deferred members
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Country ReportPFZW moves beyond oil and gas divestment
In a podcast recorded for IPE’s Dutch sister publication Pensioen Pro, Ravien Sewtahal of PFZW and Colin Tissen of the pension fund’s asset manager PGGM reflect on the Dutch healthcare scheme’s engagement programme with fossil fuel firms and PFZW’s next steps in climate engagement
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Country ReportNetherlands Country Report 2024: The pension transition dilemma
Dutch pension funds must tread a fine line between protecting funding levels and ensuring sufficient returns as they move to defined contribution
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NewsSwitzerland to cut funds to first pillar to pay out 13th month of pension
To offset a reduction of public funds, the cabinet plans to either increase contributions or VAT, or both
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NewsUK pensions committee calls for fresh approach to funding regulations
Industry welcomes recommendations that will help open DB schemes thrive
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NewsDAX company schemes continue alternatives expansion, says WTW
Total pension assets increased in 2023 by 4.9% to €257bn
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NewsASIP warns of unclear impact of 13th month of pension on second pillar
The Swiss pension fund association expects that ‘legally binding’ answers will come only with decisions taken by federal administration and legislators
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NewsDAX companies’ pension assets grow to €257bn, says Mercer
The value of pension obligations went up by around €16bn to €323bn, primarily as a result of the discount rate
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NewsUK debt crisis could see DB scheme funding levels fall by 7%
Deficits for well-funded schemes could increase by £4m per £100m of liabilities
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News£100bn could be returned to UK plan sponsors over next 10 years, says Isio
In response to regulatory changes, Isio launched purposeful run-on framework to help schemes invest beyond full funding on a buyout basis
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NewsExtra disclosure under TPR’s funding code could push up scheme costs
There is a risk that an ‘overly prescriptive’ approach pushes trustees into ‘costly tick-boxing’ exercise, according to Cardano
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Country ReportCommentary: Pension funding options for German employers
Pension schemes have a choice of ways in which they can exercise their funding obligations
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NewsGerman government to review investment rules for Pensionskassen
Government is drafting a law to allow Pensionskassen to achieve higher returns through their asset allocations
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NewsDutch 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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NewsNumber of UK defined benefit schemes continues to shrink
The number of UK DB schemes reduced by 2% from 5,378 to 5,297 in 2023
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NewsVector Pension Scheme completes buy-in with Standard Life
The transaction secures the benefits of approximately 1,800 members
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NewsAPG 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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NewsMigros Pensionskasse sees real assets allocation hinder higher returns
MPK’s return 3.7% in 2023 is above its target return of 2.1%, said CEO Christoph Ryter
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NewsAMF posts 7.8% full-year return despite turbulent market conditions
The solvency ratio slipped to 220% in 2023 from 228% in 2022
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NewsLower rates overshadow further €500m transfer to Siemens Pensionsfonds
Liabilities increase to €1.5bn despite good returns due to lower rates
