Pension System – Page 64
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News
Centrica pension schemes hand over £10bn OCIO mandate
Newly-formed Schroders Solutions to absorb Centrica in-house investment specialists, led by CIO Chetan Ghosh
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News
Co-ordinated UK industry campaign bids to crack pension engagement nut
15 providers and schemes support concentrated engagement season campaign being led by ABI and PLSA
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News
€500m VAT windfall for Dutch pension funds in new DC system
Pension funds will get a VAT exemption because the switch to DC transfers investment risks away from pension funds to their members
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News
Danish pensions lobby proposes sector pitches in to build national defence
IPD proposes ‘completely new PPP collaboration’, in the light of the war in Ukraine
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News
Solidarity buffer to absorb inflation shocks in new Dutch pension system
The exact rules that govern the additional measure still have to be worked out
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News
EIOPA launches climate risk-focused 2022 pension fund stress test
Stress test also aims to assess the effects of a rise in inflation on retirement income
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News
Dutch funding ratios reach highest point in 10 years
The new high comes just as the country is preparing a shift to a DC system
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News
Portuguese pension funds return 5.1% for calendar year 2021
The results for Q4 2021 were a combination of very strong equity returns – particularly from US equities – and low, or negative, returns from bonds
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News
Centric quits Dutch pension admin market
The provider had been losing clients for some time and did not see sufficient opportunities for renewed growth
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Opinion Pieces
The Ukraine war and what it means for pension funds
A health check for pension funds as Russia’s invasion of Ukraine raises questions about diversification and energy
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Opinion Pieces
Viewpoint: Invasion reactions show pension funds are more than investors
Before the Russian government’s decision to invade Ukraine at the end of February, the exposure of European pension funds to Russian assets was relatively low, and in some cases non-existent. Nevertheless, those funds that did invest in Russia acted quickly to reassess their exposure and divest from Russia entirely when possible, given the treacherous market conditions.
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Opinion Pieces
Letter from US: US pension funds decide on Russian holdings
“We support efforts at all levels of government and across the public and private sectors, which include cross-functional and multi-agency partnerships, to divest State Treasury and pension funds from investments in Russian-domiciled companies. We are committed to taking steps that include divesting as soon as possible to have the quickest and most meaningful impact on this tragic situation.”
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Opinion Pieces
Guest viewpoint: The fault with the default setting for COVID mortality in standard tables
The Continuous Mortality Investigation (CMI) is a subsidiary company of the Institute and Faculty of Actuaries (IFoA) in the UK. The CMI has a long history of providing high-quality and impartial analysis on mortality and morbidity. It is mainly focused on gathering data to produce standard mortality tables across various sub-populations of interest to actuaries, including term assurances, annuitants and pension schemes.
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Features
Defining the precise scale advantages for DB pension funds
Most people working in the institutional asset management space have an intuitive understanding that the size of the institution, measured by total assets under management (AUM), has an impact on performance – that bigger funds tend to perform slightly better. On the other hand, there are plenty of stories of successful hedge funds that got too large and lost their way, unable to continue delivering on past success due to their size. So which is it? Do larger institutional investors outperform their smaller kin, or is AUM the proverbial millstone in terms of performance?
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Opinion Pieces
UK's pension dashboard project should prioritise accuracy over simplification
The UK’s Department for Work and Pensions (DWP) consultation on the draft Pensions Dashboards Regulations 2022 closed last month. The DWP now aims to lay the regulations before parliament for debate later in the year.
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News
UK roundup: Regulator used its powers against Germany’s Scharf AG
Scharf showed ‘complete disregard’ for the Dosco scheme, according to TPR
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News
DWP adds ‘disclose and explain’ proposals to DC illiquids boost agenda
Major DC consulation also reveals government plans to continue with charge cap reform despite opposition
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News
Ireland adopts ClearGlass’s Cost Transparency Initiative
The CTI provides investors with the tools necessary to produce standardised costs and charges
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News
Aargau canton tackles underfunding, lower pension payouts at APK Pensionskasse
For the canton the increase in contributions amounts to additional expenses of CHF6.9m (€6.7m) per year
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News
CDC schemes could be extended to multi-employer funds, master trusts
Call for age-related contributions to be allowed in CDC schemes