Pension System – Page 147
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UK health insurer transfers £20m DB scheme to master trust
TPT Retirement Solutions has consolidated a ‘wide variety’ of schemes in the past year
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Dutch schemes headed for rights cuts after dramatic funding drop
Pension funds’ coverage ratio declined by four percentage points in the first week of August
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UK roundup: L&G buys pension pot consolidator in ‘dashboard’ move
Plus: LGPS Central to use KAS Bank for cost transparency work
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Cadbury Mondelēz takes a bite out of liabilities with £520m buy-in
Deal with Rothesay Life is pension scheme’s second buy-in in 10 years as insurers process busy pipeline of de-risking transactions
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Netherlands roundup: Energy firm’s scheme seeks consolidation vehicle
Also: The average age at which Dutch workers retire has risen to 65, according to Statistics Netherlands
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UK roundup: The best and worst industries for employer contributions
Also: The Pensions Regulator authorises DC master trusts run by Aon and Railpen
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‘Link investment policies to scheme demographics’, says trustee
Schemes’ investment policies should be geared to the age of a scheme’s population, says Dutch pension trustee Paul de Geus
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HSBC pension scheme strikes £7bn longevity risk transfer
Deal with Prudential Financial is the second-largest longevity swap completed by a UK pension plan after the BT Pension Scheme’s £16bn deal in 2014
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LGPS advisory board pursues ESG-related guidance updates
Scheme advisory board wants to make sure legal framework for LGPS does not lag that for other pension schemes
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Dutch military staff to switch from final to average salary accrual
Personnel will be compensated for the negative effects of a change that will bring an end to one of the Netherlands’ last open final salary pension funds
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TPR: DC governance stats show smaller schemes should wind up
The Pensions Regulator’s latest survey reveals an ‘unacceptable long tail’ of smaller schemes failing to meet key governance and trusteeship standards
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New players waiting in the wings for Dutch administration market
International companies including Capgemini and Tata could drive innovation as part of pensions reform, says consultancy firm Quint
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Asset managers propose new fund structure for illiquid assets
The Investment Association has proposed the creation of the ‘Long-Term Asset Fund’, which would be a modified version of an existing category of open-ended authorised fund
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Auto-enrolment providers slam NOW: Pensions over cost analysis
The master trust claimed it was the cheapest provider on the market – but its rivals have hit back over ‘artful propaganda’ and ‘absurd’ outcomes
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Moody’s makes buy-side fintech, climate risk acquisitions
RiskFirst is known for its platform for defined benefit pension plans, while Four Twenty Seven specialises in climate risk data and analysis
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Pension funds ‘remain in scope’ of financial transaction tax law
Brussels-based pension fund and insurance lobby groups reiterate concerns ahead of technical meeting tomorrow
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Experts voice concerns over planned Italian second-pillar fund
Aon and SSGA say Italy’s INPS is unsuited to run a proposed new pension fund and should focus on developing existing arrangements
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UK government consults on merger of two local authority pension funds
Merger of £492m closed transport authority fund into £15.7bn West Midlands Pension Fund intended to address solvency risks
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Regulator fines former Standard Life subsidiary £31m over annuity misselling
Standard Life Assurance failed to have robust systems and controls around its pension annuity sales, according to the FCA
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Auto-enrolment should be expanded, say UK firms
Nearly all companies favour broadening the regime to include lower-paid workers and the self-employed, according to a CBI/Scottish Widows poll