Funding – Page 7
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Opinion PiecesViewpoint: How to prepare your scheme for the buyout backlog
Schemes must proactively prepare for major delays in risk transfers
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NewsHayfin smashes fundraising target for €6bn private credit fund
Hayfin now ‘well positioned’ to meet growing demand for private credit in Europe
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NewsDanes’ life expectancy falls for second year, ATP says COVID a factor
Pensions giant says 2022 was first time in almost 30 years that Danish expected lifespans had shrunk for two years in a row
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NewsUK roundup: Buy-ins and buyouts reach record-breaking £20bn in H1
Volumes in the first half of 2023 are on track to be 20% higher than the previous record of £17.6bn
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NewsAverage total LGPS contribution rates fall to 21.1%
Report from LGPS Advisory Board also showed that LGPS funding levels improved from 98% to 107% in 2022
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NewsTPR’s updated guidance opens the door to more UK superfund activity
But the latest guidance may be “too little, too late”
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NewsMercer urges trustees not to ignore incoming DB funding code
Funding level increased from 108% to 109% and has not dipped below 105% since the start of 2023
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NewsItalian pension funds recover with AUM reaching €214bn in H1
Pension schemes recorded overall positive returns in the first six months of 2023, but results were up particularly for those with higher exposure to equity investment
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NewsDACH roundup: Returns on equities boost Swiss pension schemes’ funding ratios
Plus: BaFin lays out classification method for pension funds’ assets according to SFDR
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NewsUSS sees assets under management drop by 16%
USS asset under management fell from £90.8bn to £75.5bn last year
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NewsDACH roundup: AllianzGI partners with DBR for pension transfer services
Plus: Pension schemes’ funding ratios of DAX, MDAX companies continues to rise; BaFin shows shortcomings on risk reporting; Swiss fund market’s volume shoots up
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NewsEquity returns boost Dutch funding ratios
Double-digit returns on listed equity more than compensated for investment losses on non-listed real estate for the Netherlands’ five largest pension funds
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NewsUSS consults on lowering contribution rate to 16.2%
Indicative results reflect a significant change in the economy since the 2020 valuation was finalised in the latter half of 2021
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NewsDACH roundup: Swiss pension funds returns 4.6% in H1
Plus: WTW warns of liabilities for Swiss corporate schemes; GDV’s report on occupational schemes, insurers; Institutional investors back KKA Partners fund
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NewsUnited Utilities pension funds secure £1.8bn buy-in deal with Legal & General
L&G provided a bespoke price lock to the assets held by the schemes
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NewsSchemes should stay on top of changing mortality rates
Current mortality rates ‘highlight the problems of matching investment strategies to liability cash flows’, says Mercer
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NewsDACH roundup: BaFin approves Complementa’s advisory services in Germany
Plus: Pension liabilities of Swiss largest firms shoot up; German Pensionskassen free from additional guarantee reserves
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NewsUK roundup: Chubb pension schemes complete £1bn buy-in deal
Plus: Cushon partners with Link Group to deliver customer experience outcomes; Big Society Capital picks XPS as investment adviser
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NewsPensioenfonds ING anticipates 20% benefits increase in new DC system
The fund’s board believes the reduced need for a buffer in DC will translate into higher pension benefits
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NewsDACH roundup: Funding gaps in Swiss first pillar pension system remain
Plus: WTW partners with BAA; German lifeboat scheme set ups contribution rate
