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German chemicals company de-risks with lump sum payments
Employees respond positively as Henkel offers one-off payment to reduce DB liabilities
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Henkel creates global fiduciary pensions structure
[16:00 CEST 27-04] GLOBAL - Henkel, the Düsseldorf-based personal and consumer goods multinational, has completed what is thought to be the first global restructuring of pension schemes as a notional pooling structure and appointed three firms to manage its plans globally as custodian, fiduciary and risk manager.
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Henkel to issue bonds for pensions
GERMANY – Consumer chemicals firm Henkel plans to create a contractural trust arrangement (CTA) for €1bn in German pension liabilities, yet will fund the CTA not with existing liquidity but with the proceeds of a bond issuance.
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DeAM, Trinkaus in running for Henkel CTA
GERMANY – Industry sources say Deutsche Asset Management and HSBC’s Trinkhaus Capital Management may be in line to advise chemicals firm Henkel on its planned contractual trust arrangement – an external fund to finance more than €1bn in pension liabilities.
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Henkel joins new chemical sector fund
GERMANY- The German chemical group Henkel has decided to make the new Chemical sector Pensionsfond available to its German workforce, says the group’s benefits manager Wolfgang Lorz, based at headquarters in Dusseldorf.
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Funding level of DAX schemes reaches record high – WTW study
Pension liabilities of DAX companies increased by only €3bn in 2021, or 0.7%, to €412bn, as the discount rate rose by 40 basis points to 1.20%
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NN Group eyes Dutch €343bn corporate pension pot
The group expects the DC pension market for insurance firms to double over the next few years
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Re-balancing the rate of risk
Iain Morse looks at how two pension funds, Henkel and PME, are addressing risk in management of liabilities
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New project tackles emissions reporting completeness [updated]
100% Club aims to incentivise companies to commit to complete Scope 1 reporting
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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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Fixed Income – European investment grade: No sign of end for negative yields
Negative interest rates look set for a lengthy run in Europe, raising concerns about the long-term effects
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Funding in a changed world
Liam Kennedy assesses the measures German companies are taking to address pension funding issues and future plan design
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Deutsche Bahn pension fund cites onerous regulation for merger decision
GERMANY – Managers say single Pensionskasse 'can no longer cope' with EU regulation.
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Mercer applauds DAX companies' ability to protect pension scheme funding
GERMANY – Liabilities and assets grew by 4% in 2011, while funding levels remained stable.
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PA Pension Trustees award fiduciary mandate
[14:45 CEST 30-09] UK – PA Pension Trustees Ltd has become the latest pension fund to award a fiduciary mandate to investment manager BlackRock.
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Cookson appoints BlackRock as fiduciary of pension scheme
UK – The Cookson Group has appointed BlackRock as fiduciary manager of its £460m defined benefit pension plan.
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Metzler says German pensions business booming
GERMANY – Metzler Asset Management says its German corporate pensions business is booming, with contributions from the business set to more than double to €250m in 2006 from €105m in 2005.