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Lufthansa completes three-in-one transaction with Royal London
Lufthansa Group has insured its three UK defined benefit (DB) pension schemes with Royal London in one integrated transaction worth £120m (€145m). Each of the pension schemes had its own unique features but the parties worked together to run the bulk purchase annuity (BPA) transactions efficiently, offering bespoke contractual terms ...
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KGAL invests in leasing deal for three more aircraft for pension fund
KGAL has successfully concluded a lease agreement with the Canadian regional airline Porter Airlines for three De Havilland Dash-8 Q400 aircraft via its subsidiary GOAL, the long-standing joint venture between KGAL and Deutsche Lufthansa AG. The aircraft are part of the KGAL APF 5 fund, which specialises in aircraft leasing and which has to date grown to a volume of well over 400 million euros.
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Lufthansa cabin crew deal to cut pension liabilities by 'high triple-digits'
Deal to cut Lufthansa’s pension scheme liabilities by “high triple digit million”
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State aid could provide relief for German airlines’ occupational pensions
Government to grant Lufthansa a €9bn aid package in exchange for a 20% stake in the company
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Mandate roundup: Fondenergia, SEI, Lufthansa, Nuffield, Headlam
Fondenergia re-appoints Société Générale Securities Services for depository banking services.
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Lufthansa sees pension fund liabilities soar 40% in three months
Airline reports doubling of liabilities since May 2014 after further cuts to discount rate
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Germany's Lufthansa to drop defined benefit pension fund
GERMANY – Airline cites rising cost of retirement provision for shift to DC scheme.
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UK roundup: Lufthansa, bmi, Tyne and Wear Pension Fund
bmi pension fund to enter Pension Protection Fund after Lufthansa agrees to pay £84m.
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Germany: Politicians look to bolster pensions ahead of elections
Draft bills prepared by the government to change public, private and occupational pensions are bound for parliamentary debate
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Swiss pensions safe in Lufthansa move
GERMANY – Deutsche Lufthansa’s €310m takeover of Swiss International Air Lines is not likely to alter the Swiss company’s pension arrangements.
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Lufthansa taps State Street for E4bn in custody
GERMANY- Airline group Lufthansa says it has awarded State Street Corp. a custody and accounting services brief worth around 4.3 billion euros, meaning State Street retains the former Deutsche GSS client.
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KGAL successfully closes a challenging 2023
Despite market turbulence, KGAL exceeded its earnings target in the past financial year. Highlights from 2023 include the renewable energy flagship funds KGAL ESPF 4 and ESPF 5, which continue to outperform expectations, as well as important transactions in the residential sector and new investors in the aviation segment. KGAL is well-positioned to benefit from the anticipated market recovery.
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Germany: Fighting for innovation
The three-party coalition faces important decisions in coming months to reconcile differences over its planned reforms to all three pillars of the pension system
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Is sustainable finance working?
Sustainability is now a top consideration for investors, but there is little evidence it is leading to a more sustainable economy
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German DAX firms see rise in pension liabilities, says Aon
The discount rate for DAX 30 companies fell further last year to 0.77% from 1.10% in 2019
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German DAX pension liabilities set to increase
The value of pension liabilities of the 30 largest firms in terms of market cap listed on the DAX rose by €20bn, or 5%, in 2020 to €410bn
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Jet zero – how investors can get on board for the long haul of aviation decarbonisation
This viewpoint explores the sector’s possible flightpaths to net zero, outlines how the sector is currently tracking, and how Columbia Threadneedle Investments is working to drive the transition.
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Handelsblatt Conference: De-risking comes to the fore as past costs loom large
German pension schemes reveal ambitious overhauls to reduce sponsor burdens; Generali moves to reassure over sale of insurance business to Viridium
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German companies paid €13.1bn into pension plans last year
Aggregate funding level now at highest since 2007, according to analysis from Willis Towers Watson
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UK regulator justifies 'disappointing' decision to let BMI fund enter PPF
The Pensions Regulator publishes report on decision that saw airline fund enter PPF.