Pension System – Page 23
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News
Swiss groups slam government’s decision to increase minimum interest rate
The Swiss Employers’ Association considers the increase unjustified and says minimum interest rate should have been well below the limit of 1%
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News
Clara-Pensions announces first superfund deal
The formal transfer of members will proceed at the end of November
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Langensjö amazed Swedish buffer fund reform ‘still alive’ after decade dormant
Former AP Funds inquiry chief says government’s new review is a chance to make system more efficient and better governed
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Swiss pension fund industry expects regulator to amend improved benefits definition
The definition creates false incentives to determine technical interest rates
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UK should learn from Australia, US, Canada in DC system journey
Only 19% of UK assets were in DC in 2021, according to the Pensions Policy Institute
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News
Pensions Dashboard Programme update highlights lack of pensions engagement
Despite automatic enrolment, around 12 million people are estimated to be under-saving for later life
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Opinion Pieces
Ireland – future pensions tiger
Ireland stands a few policy steps away from the creation of a serious first and second-pillar pensions architecture that will improve the country’s international standing in terms of retirement provision.
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Opinion Pieces
Irish pensions auto-enrolment is a worthy challenge
Irish citizens are set to get a retirement boost following the government’s decision to implement its auto-enrolment retirement savings scheme in 2024. That is, if all goes to plan. Under the proposed scheme, which has been a topic of debate in Irish politics for at least 15 years, employees will have access to a workplace pension savings scheme that is co-funded by their employer and the state.
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Opinion Pieces
Pensions a bright spot for Australia
By 2063, Australia’s relatively youthful treasurer, Jim Chalmers, will be 85 years old and likely well into retirement.
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News
UK pension schemes concerned over insurer capacity as they approach endgame
The total deal value for bulk annuity transactions is expected to reach ‘well over’ £40bn in 2023
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News
Italian government faces backlash on targeted pension changes
The government has this week introduced the budget law to the Senate to start the approval process
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CFOs uncertain of pension schemes’ endgame objective
Cardano’s research shows that 51% of CFOs are seeking external advice to determine the endgame for their schemes
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News
Sampension and PBU link up to push multinationals on responsible tax
Danish pension funds work with Nordea AM and Engagement International, calling out large tech companies for low tax ratios
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News
Resolution Life enters UK buyout market
The agreement provides capacity to the UK pension risk transfer writers in a sustainable way
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News
IPD calls for pensions law changes to foster flexible retirement
Danish pensions lobby’s poll shows 57% of population envision working after retirement age – provided they could reduce hours beforehand
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News
PIC says DC saving pots should not be referred to as ‘pensions’
DC schemes fail to meet the key definition of a pension – the provision of a regular income, says PIC
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News
Germany holds talks with Ukraine on pension reforms
Ukraine plans to introduce a new system, based on scores, to calculate pensions to level out differences in the amount of pension received
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News
Ilmarinen chief says solvency rules ‘short-sighted and encourage procyclical behaviour’
Varma increases year-to-date returns in Q3, besting other three Finnish pension insurers; Elo writes down direct property holdings
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News
Dutch pension funds allowed to index pensions above inflation
Funds will be allowed to provide more indexation than the actual rate of inflation this year, if they did not give full indexation last year
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News
German IG Metall rejects DC schemes
The union is in favour of supplementary, employer-financed company pensions, with guaranteed minimum benefits and employer liability