Funding – Page 86
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Nordic roundup: Solvency levels, Skandia Liv, Storebrand, SPP, Folksam Liv, KPA
Rising long-term interest rates have been good for the Swedish pensions industry
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Pension Protection Fund levy 'here to stay'
Chief executive of UK lifeboat fund warns industry not to expect levy holidays
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Larger Dutch schemes remain wary despite progress on funding ratios
Biggest pension funds in Netherlands refusing to rule out rights cuts
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New FTK to increase Dutch contributions by 14% – Mercer
Consultancy confirms previous estimates of civil service scheme ABP
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IASB confirms employee contributions amendments
Question mark hangs over Standards Board’s plans for IAS 19
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Serco pays £17m to fund deficit, close defined benefit pension fund
UK – Outsourcing giant funds DB scheme acquired in recent deal to buy part of IT company Vertex.
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UK's Cambridgeshire outperforms, warns of 'unexciting' equity returns
UK – Fund sees outperformance despite property, European equity falling short of expectations.
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UK roundup: HMV, Deloitte, Aon Hewitt, Lookers
UK – Pension fund for retailer HMV fund unlikely to see outstanding claims, says administrator.
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Dutch pension fund Vervoer stands by defensive strategy
NETHERLANDS – Private transport scheme moves to reduce liquidity risk.
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Four in 10 Irish DB schemes yet to submit funding proposals
IRELAND – Opposition Fianna Fail party reveals 40% remain in breach of June deadline, down from over 70%.
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Royal Mail reports pension surplus after liability transfer
UK – Annual report sees IAS 19 surplus after government assumes legacy liabilities.
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Aer Lingus to put €140m pension proposal to shareholders
IRELAND – Airline hopes extraordinary general meeting can be held later in year.
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PPF shift to bespoke insolvency risk model 'could increase transparency'
UK – Towers Watson says model catered to PPF’s needs could be more open with how companies are assessed.
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Strong markets lift average funding at Dutch schemes to at least 104%
NETHERLANDS – Threat of additional rights cuts still looms, consultancies warn.
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Dutch scheme cuts rights 'straight away' after funding drops
NETHERLANDS – Growing number of pension funds falling short of 105% minimum coverage ratio.
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UBS 'freezes' defined benefit pension fund in UK [updated]
EUROPE – Closure appears to be linked with drive to comply with Basel III capital requirements.
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Dutch Cabinet unveils proposals for new financial assessment framework
NETHERLANDS – ABP claims proposed FTK will do little to help stabilise contributions or discount rate.
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SPMS reorganises 'disappointing' alpha portfolio
NETHERLANDS – Dutch pension fund reduces number of managers after six years of poor results.
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PPF benefit cap changes to add £140m to levy
UK – Increased cost, estimated through 2030, to be borne by those paying lifeboat scheme’s levy.
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Pension Protection Fund 'big enough' to accommodate UK Coal liabilities
UK – UK Coal in talks with creditors following forced closure of major mine in March.