Pension System – Page 50
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Varma overtakes Ilmarinen in size after Q3’s narrower loss
Finnish pension insurers all see declining solvency levels by the end of September, reports show
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New Dutch pension contract fails to deliver indexation
Calculations shed doubt over an earlier claim by pensions minister Schouten that the new system would provide ‘a pension with great purchasing power’
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Guy Opperman returns to UK’s Department for Work and Pensions
‘After the recent merry go round in government we welcome Guy Opperman back as the pensions minister,’ says Aegon
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Market for transferring pension schemes to insurers set to ‘skyrocket’
‘The industry simply does not have the operational bandwidth,’ says LCP
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UK roundup: Cobham scheme completes £530m buy-in
Plus: DB deficits could be a thing of the past; £1.3trn wiped off value of UK bonds since start of 2022
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ATP seen as new example of leverage threat for pension funds – after UK LDI turmoil
‘We need a thorough discussion of the role of ATP in the Danish pension system,’ says Jesper Rangvid
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German unions, energy company Uniper kick off first pure DC pension model
Social partners have agreed on a collective bargaining agreement to implement pure DC schemes for occupational pensions
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Tweaked recipe for Finnish pension contributions to boost costs transparency
For first time, upfront cost for employers set to vary between occupational pension providers depending on administrative efficiency
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German government starts dialogue on reform second pillar
The government is now working on the Rentenpaket II to secure a minimum level of pension in the first pillar pension system
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UK large employers plan pensions management outsourcing, research shows
The shift is due to increasing regulation driving scheme management into ever more technical territory
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Swiss schemes’ assets to fend off volatility fall in Q3
Negative returns on equities hit Swiss fund market
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Members demand more from their schemes, Hymans’ latest research shows
Retirement outcomes for DC scheme members in master trusts have undoubtedly been impacted by recent market challenges
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Topdanmark investment losses trigger emergency measure ahead of Nordea sale
With life and pensions unit divestment due to complete, Danish insurer posts 9.1% nine-month investment loss
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ESG roundup: NOW: Pensions publishes first TCFD report
Plus: Global economy is ’significantly behind schedule’ in 2050 net-zero targets; MSCI launches new climate action indices
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Storebrand turns to European agency to end barriers to municipal tendering
Rival KLP says ‘happy to help shed light on the matter’ if asked by ESA or state
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UK pensions committee launches inquiry into DB schemes with LDI
Inquiry will focus on impact of recent volatility in Gilt yields on DB schemes with LDI strategies and their regulation and governance
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Swiss regulator expects underfunding for pension funds facing volatility
Some pension funds may decide to ultimately trigger restructuring measures
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Big Dutch funds lose another €50bn in Q3
Cumulative investment losses in 2022 for the five largest funds now have exceeded €200bn, eclipsing losses made during the 2008/09 financial crisis
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Pensions industry raises concerns over DWP’s scheme funding consultation
‘We do have major doubts over whether the proposed legislation is sufficiently flexible,’ says Aon