Funding – Page 6
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NewsLondon Stock Exchange Pension Scheme in £335m buy-in with Standard Life
The transaction secures benefits of the scheme’s 1,740 members
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News68% of Irish DC schemes plan to wind up and transfer to alternative arrangement
Many schemes are moving their pensions into multi-employer mastertrusts or personal retirement savings accounts
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NewsElevated mortality rates accelerate DB scheme shift towards de-risking
Mortality analysis from the start of the coronavirus pandemic until the end of 2022 showed that England and Wales had an excess mortality rate of 26% at the end of 2022
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NewsSwiss pension fund industry slams regulator’s new definition of improved benefits
The Swiss Chamber of Pension Fund Experts (SKPE) has firmly rejected the proposed change because it is ‘too restrictive’
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NewsUSS employers urge scheme for fast conclusion of 2023 valuation
Employers ‘wish to be cautious and proportionate’ in making responses to USS’s improved funding position
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NewsStakeholders propose flexible funding rules for German Pensionskassen
Proposal foresees temporary underfunding through so-called ‘standby agreement’ between the Pensionskasse and sponsoring companies
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NewsValue of UK defined benefit schemes falls by £626bn in 2023
ONS data indicates that the total value of DB pension schemes decreased from over £2trn at the start of 2022 to less than £1.4trn by the end of March
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NewsGerman pension funds pull out of Spezialfonds for first time
Spezialfonds recorded an outlfow worth €1.9bn from pension institutions in the first half of the year, an historic first
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NewsKeva to boost equities as board ramps up risk to target higher returns
Finland’s biggest pension fund argues long-term deficit risk is the institution’s key risk
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NewsGovernance group calls UK government to end DB/DC ‘intergenerational unfairness’
To encourage corporate DB schemes to build a surplus, plan sponsors should be offered the chance to deploy surplus to boost DC contributions, IGG says
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NewsDepartment store John Lewis shows healthy pension fund surplus
Pension fund to stop £10m deficit contributions
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NewsSwiss pension funds over invested in real estate, alternatives
PPCmetrics recorded for the first time rise in average technical interest rate
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NewsLocal Government Pension Scheme funding level reaches 102%
LGPS funding levels improved from the 67% estimate as at 31 March 2022 triennial valuations
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AnalysisAnalysis: Encouraging DB schemes to take more investment risk
With the call for evidence closing today, consultants shared what needs to be done to encourage DB schemes to take on more investment risk
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AnalysisAnalysis: Can UK plan sponsors benefit from Mansion House reforms’ surpluses?
Consultants share mixed views on whether pension fund sponsors could benefit from surpluses
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AnalysisAnalysis: UBS/Credit Suisse pension funds merger
To protect beneficiaries of both pension schemes, a precondition for the merger is that the pension funds have at least in principle an ‘equal’ funding ratio
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Special ReportNetherlands: Pension funds to switch to DC by 2028
Long-awaited transition to happen despite complications of the Dutch pension system
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NewsUK roundup: ITB Pension Funds complete £290m buy-in with Just Group
Plus: Aon publishes DB funding report; TPT enhances responsible investment choices for DC members
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AnalysisAnalysis: DB Funding Code reforms
The relevance of the Code has been called into question given the improved funding position of UK DB schemes
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NewsNorth Rhine-Westphalia proposes law to cut Pensionsfonds funds
The state’s expenses will increase from €8.4bn in 2020 to €12.5bn in 2040
