Pension System – Page 104
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News
APK Pensionskasse’s 4.2% 2020 returns outperform local schemes
Austrian Pensionskasse recovered from a -10% stand at the time of the equity market downturn in Q1 2020 to 2.55% at the end of the year
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NewsWTW points to viable solutions to up occupational schemes’ appetite
According to the Alterssicherungsbericht 2020, the number of the people entitled to occupational pensions in Germany has lost momentum in recent years
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News
Michael O’Higgins to step down as chair of LGPS pool LPP
Chair feels that, with two subsidiaries fully operational, ‘it is time to move on’
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Russell Picot to join UK university scheme trustee board
Two directors rotating off at the end of January
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NewsUK government presents pension fund climate risk governance, reporting regs
Requirements largely in line with August 2020 proposals but some helpful tweaks seen
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News
Aberdeen City Council completes buy-in transaction with Rothesay
The transaction will insure the pension payments of 1,360 retired FirstGroup employees
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Investors set 2030 deadline for mining reforms
An investor group, led by CEPB and the Council on Ethics of the Swedish National Pension Funds, has committed to further interventions to drive change, including on tailings dams
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NewsDutch sector-wide pension funds want to open up for self-employed
Social affairs minister Wouter Koolmees wants to give second-pillar schemes the opportunity to allow the self-employed to join as of next year
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News
Legal & General strikes £400m ‘assured payment policy’ with own scheme
‘At the simplest level an APP does the reverse of a longevity insurance contract’
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NewsPLSA policy board identifies six priorities for 2021 as new members join
DC decumulation, investment and stewardship, pensions tax relief, small pots, pension dashboards and DB funding are top priorities for the PLSA
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News
Equities, Swiss real estate push Migros’ returns in 2020
The board of trustees decided to overhaul its investment strategy by increasing allocations to real assets to 37% from 2021
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News
VBV sees AUM rise at slower pace year-on-year in 2020
Total assets rose by 6.3% in 2020 to a total €12.7bn, despite the pandemic
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NewsATP slashes dependence on government bonds with new business model
Danish pensions giant to add market exposure to guaranteed annuity product
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News
Major UK pension funds ask prime minister for net-zero meeting
PRI and investors are paying more attention to ‘real economy policy’ in bid to help drive climate change mitigation
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News
Folksam LO funds go fossil free in ‘milestone’ for pension provider
Four Swedbank Robur funds shed gas, coal and oil stocks
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NewsAustrian Pensionskassen bounce back to positive returns in 2020
Austrian Pensionskassen increased the amount of sustainable investments to €20.5bn last year, up 25.8% compared to €16.3bn in 2019
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News
Publica pulls unexpected positive returns in difficult 2020
Returns in 2020 were below the 9% achieved in 2019
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NewsABP calls for change to funding ratio calculation to prevent pension cuts
Social Affairs Minister Wouter Koolmees’ expectation that ‘an average pension fund’ will not have to cut pensions until 2026 ‘is too optimistic’
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News
Icelandic pension funds’ foreign allocations hit 34%, highest ever
Average pension fund returns top 9% in 2020, vs 11.8% in previous year
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NewsRecord contribution hikes for Dutch pension funds
‘If accumulation falls to close to 1%, the pension ambition of 75% of average wages will no longer be achievable’
