Pension Fund Strategy – Page 65
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Denmark paves the way for major changes to ATP’s model
Parliament debates bill to change “outdated restrictions” to population-wide statutory pension
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Littlewoods scheme completes de-risking with £930m buy-in
Rothesay Life deal covers liabilities of retail scheme’s remaining 6,454 uninsured members
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Responsible investments hike to €1.7trn in Germany, Austria
Responsible investment almost quadrupled over the last five years, compared with a value of €466bn in 2014
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KENFO turns to PE, infra, amid ‘challenging’ return expectations
It’s in the process of building a portfolio based on a step-by-step approach, and hired asset managers to run specialist mandates
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COVID-19 fuelled unprecedented Spezialfonds flows – study
April flows a ‘dramatic dynamic’, says Kommalpha
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Strathclyde ups cash balance in case of COVID-19 interruption
Year-end cash balance was ‘unusually high’ at the Scottish local government pension scheme
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Virus harms Dutch schemes’ private equity, infra investments
In the first half of 2020, ABP lost 8.1% on private equity, while its infrastructure portfolio returned -5%
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German Pensionskassen show resilience with tough measures
Pensionskassen are forced to opt for either reducing benefits or adjusting the interest rate for new contributions
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PMT invests in Rotterdam coal-fired power station
Investment is a ‘very limited interest’ that dates back to the time when investments in coal were not yet ruled out
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TPR: Difficult COVID-19 decisions may call for ‘conflict management advice’
CEO of UK pensions regulator sets out how DB trustees can hold ‘first line of defence’ for members
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Swiss schemes pushed to adopt riskier strategies amid crisis uncertainty
Swiss pension funds will need to pursue riskier investment strategies in a hunt for higher returns in a prolonged period of low interest rates and amid the consequences of the COVID-19 pandemic. “Hunting for yield is costlier and harder to do for pension funds, as for other investors,” Jackie ...
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Intesa Sanpaolo issues €1bn in equity, bond mandates
The scheme is seeking managers for US and euro corporate bonds, global high yield corporate bonds, among others
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Publica to increase stake in firms with renewable energy ‘high-quality patents’
It has excluded investments in the coal sector, preferring renewable energies, wind farms or photovoltaic systems
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PLSA delivers guide to ‘new discipline’ of implementation disclosures
Trustees encouraged to take time to produce meaningful reporting about about how investment principles were implemented
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Pension scheme of collapsed rural retailer agrees £100m bulk annuity
PPF+ deal includes flexibility for top-ups when further assets are recouped during insolvency proceedings
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UK universities scheme deficit climbs to £13bn with COVID-19 impact
DB promises were expensive already before the pandemic crisis, says CEO
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Border to Coast invests £675m in infra, secures £760m for more
Asset manager for local authority pension funds made eight investments with commitments secured in first round
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LV= employee scheme turns longevity swap into £800m buy-in
The move represents a significant de-risking step and reduces volatility
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Average UK pension chair pay unchanged in 2019 at £47,305
Majority of chairs responding to survey are not expecting remuneration to increase
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bfinance: satisfied investors still plan risk management changes
82% are satisfied with overall portfolio performance, with just 25% changing their strategic asset allocation in 2020