Pension System – Page 45
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NewsDutch pension law heads to Senate after parliamentary approval
The Netherlands’s Second Chamber approved the law just before Christmas with a comfortable majority
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NewsGerman coalition parties fire back at proposals to change pensions
Chair of the Council of Economic Experts called to increase retirement age, contribution rates, and cut high pensions
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NewsNorway overrules FSA on fund fees, saving pension funds NOK8bn, says lobby
Finance Ministry disagrees with FSA that mutual fund managers are subcontractors
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NewsMercer research shows £35bn surplus for FTSE 350 pension schemes
The present value of liabilities fell from £627bn at 30 November 2022 to £595bn at the end of December 2022 driven by a rise in corporate bond yields
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NewsPPF’s latest consultation proposes updates to valuation assumptions for buyout
The PPF is proposing adopting a yield-curve approach when assessing schemes for entry to the scheme
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NewsAdmin practicalities and costs block pensions progress, says Barnett Waddingham
Other barriers included a lack of impact on the scheme, a lack of knowledge or engagement, or concerns about giving members too much choice
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NewsItalian government paves way for pension reforms
Ministry of Labour and Social Affairs is set to meet with the unions on 19 January to start discussing changes to the pension system
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NewsDACH roundup: BaFin orders Eurex Clearing to act on risk management
Plus: Swiss APK applies minimum interest rate on pension assets
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NewsAustrian regulator intensifies supervision on sustainable products under new EU rules
The Delegated Regulation specifies the content, methods and presentation of information in a ‘practical and precise manner’
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NewsGerman employers’ associations call on government to act on pension reforms
The German labour market continues to have structural problems, and one solution is to create the right conditions for people to work longer, says BDA
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NewsATP’s overall risk ‘freezing cold’, says CEO, countering critics
Martin Præstegaard in pre-Christmas post: ‘Following the markets is part of the strategy and a condition for a long-term investor’
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Greece’s funded supplementary system heads towards first €24m
New Greek pension system ‘will lead to higher pensions’
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Varma unveils biodiversity roadmap, prioritising issue alongside climate
Finland’s biggest pensions insurer follow’s Ilmarinen’s lead, says can’t sit back and wait for Montreal summit results
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Alecta slashes one-off premiums by 7% as higher rates cheapen DB
Swedish pensions giant lowers premiums for PRI redemptions, saying pricing must be based on current market conditions
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AP7 finds Gröttheim successor in Swedbank’s Pål Bergström
Swedish national pension fund’s future CEO has both public and private-sector finance experience
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NewsUK pensions regulator releases new DB funding code
‘The new funding code may be a double-edged sword for sponsoring companies,’ says Cardano Advisory
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NewsItalian private pension schemes see assets grow to €108bn
The asset owners have cut their allocations to government bonds significantly, from 19.7% in 2013 to 13.7% in 2021
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Barclays Bank UK scheme completes £7bn longevity risk transaction
It’s the scheme’s second multi-billion-pound longevity transaction, following the £5bn transaction in 2020
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NewsEU Commission rebukes Italian government on early retirement plan
Temporary measures of early retirement schemes would lead to an increase in the deficit of 0.7% of GDP
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Varma welcomes self-employed pensions law, but wish list remains
Finnish parliament passes proposal to amend the Self-employed Persons’ Pension Act (YEL)
