Pension System – Page 63
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NewsDutch lump sum option postponed yet again
The introduction of a lump sum option for retirees, originally planned for 1 January 2022, will now be postponed to 2024
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NewsGerman government to start discussions on third pillar pensions reform
A focus group, under the leadership of the Ministry of Finance and including academics, associations and social partners, are to meet on 24 January
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NewsPension return tax should be far more visible, says Danish lobby
IPD says the levy can amount to as much as monthly salary in a single year, and Danes should be more aware how much they contribute
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NewsDutch ‘early bird’ schemes delay pension transition plans
Pension funds that had planned to transition to the new DC system in 2024 are delaying their plans due to lack of capacity with their administrators
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NewsItaly roundup: Fondenergia swaps Amundi with Credit Suisse to manage ‘garantito’ fund
Plus: Euronext moves clearing activities to Italy
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NewsDACH roundup: DAX companies’ pension assets drop
Plus: WTW Switzerland buys GiTeC, Swiss parliamentary committee consults on second pillar reform
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NewsUK roundup: WTW’s Lifesight selected as master trust provider for KBR
Plus: Merseyside scheme picks Redington as strategic investment adviser
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NewsPublica returns -9.6% as bond and equity losses hit
The funding ratio across all Publica’s pension plans stood at 96.7%
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NewsGerman government to set up foundation with up to €150bn for first-pillar pension reform
Nuclear waste management fund KENFO to help Stiftung Generationenkapital on asset management
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NewsBritish Steel Pension Scheme completes £2bn buy-in with Legal & General
Plus: Amey pension fund in £400m buy-in deal with PIC
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NewsDutch pension funds ask government to pay for supervisory cost increases
Additional supervisory costs related to the pension transition should be financed by tax payers rather than pension funds, according to Dutch social partners
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NewsCompenswiss holds strategy as first pillar reform gives room for illiquid investments
It will receive additional funds through an increase of the VAT rate
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NewsSwiss corporate pension funding decline can lead to take recovery measures, says WTW
Rising discount rates, instead, had a positive impact on companies’ international balance sheets
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NewsUK roundup: Isio set to acquire Deloitte’s pensions business
Plus: DWP makes recommendations amid PPF review
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NewsUK retirees see 20% increase in expenditure due to high inflation, says association
PLSA updates Retirement Living Standards as inflation adds to cost of retirement
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NewsPension funds must improve ESG risk management, says Dutch regulator
Schemes fail to make clear the relationship between ESG goals and risk management, according to DNB
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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
