Pension System – Page 57
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NewsDutch pension funds lose more than €100bn in Q2
But thanks to rising interest rates, funding ratios have gone up
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NewsPension liabilities for DAX companies fall by 28.6% in Q2
‘Pension plans of individual companies could even be overfunded,’ says WTW
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NewsHigh inflation impacts timing of retirement decisions
As a result of falling long-term inflation expectations, UK DB long-term liabilities over the last three months have reduced by around £140bn
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NewsUK Treasury urged to reinvest £1bn to help savers
Last rise in state pension age also led to increases in rates of poverty and unemployment
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NewsPolitical crisis is a ‘very serious mistake’, says Assofondipensione
Italian governments tend to have short-term views, making it difficult to carry out long-term reforms of the complementary pension system
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Italian private pension funds call on Draghi to stay as PM to guarantee stability
Political instability and the possibility of early elections would lead to postponed reforms
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Dutch pension fund for grocers close to new pensions cut
Despite the rise in interest rates this year, the fund’s funding ratio is still below 100%
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UK roundup: New measures to boost pension scheme investment diversity
Plus: PLSA calls for six-month formal notice ahead of dashboards launch; ZEDRA launches pensions-focused offering
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NewsSwiss corporates post over 20% drop in pension liabilities so far this year
The decrease in the two quarters was caused by rising discount rates and corporate bond yields, WTW explained
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UK roundup: APPG recommends auto-enrolment equivalent for self employed
Plus: Isio partners with CIPFA to support LGPS funds; Just Group completes £500m DB de-risking transaction
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NewsUK government’s response to dashboards regulations calls for data concerns
Plus: DWP to launch taskforce on social factors to improve data
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AXA Germany transfers €19bn insurance portfolio to Athora
The insurer will migrate the portfolio over a period of five years, continuing to offer certain asset management services to Athora
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AZL buys Festina Finance DC admin system
The Dutch pension administrator is the second Dutch client for the Danish IT firm after APG
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NewsUK roundup: EDS scheme completes £1.1bn buy-in with PIC
Plus: PPF achieves strategic priorities
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Dutch IBM fund hedges inflation risk completely
The scheme also plans to start investing in green bonds
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Norwegian FSA sees positive pensions solvency effect from higher rates
Pension fund solvency ratios rise to 187% in this year’s Q1 from 179% at end 2021
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UK pensions minister Guy Opperman returns to post
‘Agreed to help DWP navigate the next few weeks, while we decide the appointment of a new Prime Minister,’ says Opperman
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German court rejects creditors’ claim against Pensionskasse for tax consultants
The pension fund is required to continue to fulfill existing contracts up to the death of its last member
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PenSam told to tighten up procedures around private equity valuations
Danish FSA hands out official orders to add paperwork on performance monitoring, amid wider regulatory focus on private equity
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UK roundup: Private sector companies still provide DB pensions
Plus: Investor group calls on UK CEOs for action on mental health; Workplace pension members plan contribution reduction to cope with living cost
