Funding – Page 8
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NewsPhilips pension fund caps indexation at 4% to protect buffer
The move can assist the scheme of the Dutch electronics firm to make the transition to the new DC system with a funding ratio of at least 110%
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NewsDAX pension investors set to benefit from calmer capital markets
Funding ratios reached a new high of 79% last year, compared with 72% the previous year, Aon report finds
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NewsHarrods pension scheme completes buy-in deal worth £400m
The deal secured benefits of around 1,900 pensioners and 2,100 deferred plan members
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NewsPensions industry calls on regulators to ‘materialise’ revised funding code
The code has introduced elements of flexibility, but uncertainty needs to be avoided
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NewsFinnish pension funds deemed able to weather big illiquids writedowns
Average investment return of 1.6% in Q1 was just below required rate of return, says FIN-FSA
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NewsFTSE 350 DB pensions schemes shift £5bn deficit to £38bn surplus
But ’there is every chance that 2022 will be a last hurrah for cash injections into DB schemes’, says WTW
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NewsPension professionals increasingly dissatisfied with pensions policy, says PMI
However, there is scope for improvement, according to the Institute
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NewsABP and PME demand end to fossil fuel subsidies
The two Dutch pension funds signed a letter authored by Fossil Free Netherlands
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NewsGerman Pensionskassen with negative results in BaFin’s stress test double
The sudden increase in interest rates represents a risk for Pensionskassen, the regulator warns
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NewsOverall LGPS funding level up to 107%, says report
Improved funding positions have meant that schemes have been able to reduce the level of contribution rates
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NewsUK roundup: BA Pensions appoints LCP for actuarial, consulting services
Plus: BlackRock gest FCA green light on long-term asset fund; Broadstone launches specialist admin service; FRC consults on revision to actuarial standards
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NewsPortuguese pension funds return -11.4% for calendar year 2022
Average gains of 1.5% in the final quarter of 2022 took Portuguese pension funds to an average -11.4% return for the 12 months to 31 December 2022. In contrast, the three months to September 2022 had produced an average -2.9% return, with a -11.3% return for the 12 months to ...
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NewsPensions regulator calls on DB trustees to brush up on employers’ financial positions
A high level of debt among businesses can risk their ability to support DB pension schemes
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NewsDACH roundup: German Pensionskasssen solvency progress
Plus: Consolidation in Swiss pension market continues; Austrian Vorsorgekassen AUM shoots up
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NewsAon lauds BoE sparking ‘robust debate’ on wisdom of UK buyout surge
Consultancy responds to warning from UK central bank about risks of insurers rushing to offer bulk annuities to now-healthier DB schemes
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NewsItaly roundup: Enpam plans to build up global bond portfolio
Plus: Write downs hit Enasarco; Laborfonds sees sign of return to normality
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NewsABP to switch to passive investing
The €470bn Dutch civil service scheme is the last remaining all-active pension investor in the country
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NewsUK bank pension scheme in £1.6bn longevity swap deal
Plus: Repsol Sinopec completes £160m full scheme buy-in with Rothesay
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NewsDACH roundup: Swiss schemes’ performance returns positive in Q1
Plus: Swiss fund market on recovery path; PSVaG posts negative net income
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NewsThe Pensions Regulator pushes trustees on long-term funding targets
TPR’s Annual Funding Statement explains how pension funds will need to reset funding and investment strategies
