Pension System – Page 35
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Senate passes Dutch DC switch after 15-year debate
The new pension law in the Netherlands will come into force on 1 July 2023
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Danish pensions lobby calls for biodiversity data definitions
With investments in wind, solar, infrastructure and forestry, pensions and insurance sector is ‘central player’ where biodiversity plays decisive role, says Damsgaard
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Swiss trade union to formally request referendum on second-pillar reform
The government will decide in November when exactly the vote will take place
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FTSE 350 DB pensions schemes shift £5bn deficit to £38bn surplus
But ’there is every chance that 2022 will be a last hurrah for cash injections into DB schemes’, says WTW
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UK government seeks further views on LGPS changes
The final regulations are expected to come into force on 1 October 2023
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German CDU party relights early retirement debate
Number of employees opting for early retirement has grown from 151,000 in 2014 to 270,000 in 2021
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Pension professionals increasingly dissatisfied with pensions policy, says PMI
However, there is scope for improvement, according to the Institute
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New PPF proposals would represent ‘seismic changes’ to UK pensions landscape
Plans would mean ‘struggling’ DB schemes could choose to opt-in to the Pension Protection Fund
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Norway moves ahead with flexible buffer rules for legacy DB
Pension funds, insurance companies divided on issue of proposed ceiling on buffer fund
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DACH roundup: German pension schemes’ investments in Spezialfonds drop
Plus: European Commission green lights UBS-Credit Suisse merger
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Dutch pension providers welcome additional year for DC implementation
Dutch social partners had spoken out against any delays beyond 2027, but now say they can live with the postponement
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Value over cost, says new UK pensions regulator chief
’Our position is clear: no saver should be in a poorly performing scheme that doesn’t offer value for money,’ says Nausicaa Delfas
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KLP sees long process ahead in Storebrand complaint case
Storebrand surprised by government’s response to ESA, saying KLP is ‘not an economic actor’
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Institutional group set to tackle pension inequalities in the UK
‘Doing nothing is not an option,’ says NOW: Pensions
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Fresh delay to Dutch pension reform
Pensions minister Carola Schouten has offered a one-year extension to the implementation period in order to secure a Senate majority for the DC transition
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Italian government plans sovereign wealth fund set up
The draft bill, called ‘Made In Italy’, will be tabled by the minister of enterprise and Made in Italy Adolfo Urso in an upcoming government meeting
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Nordic roundup: Danish pension policy, Swedish premium pension, Lærernes Pension
Danish pensions lobby group calls on Danish government to change pension withdrawal rules
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German Pensionskassen with negative results in BaFin’s stress test double
The sudden increase in interest rates represents a risk for Pensionskassen, the regulator warns
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AMNT calls on UK government to help lay trustees reach full potential
‘Downgrading the role of member nominated trustees, whose only interest is the best outcome for members, would seem to be a retrograde and potentially harmful step,’ says AMNT co-chair
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BaFin challenges German pension funds, asset managers with costs reporting
The supervisory authority is carrying out a one-off investigation on costs of IORPs in Germany