All valuation articles
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NewsCorporate debt could become more attractive than equity under climate scenarios
Prompt and robust abatement action is needed to keep losses below 10%, research by EDHEC Business School shows
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NewsPensionDanmark and Lærernes told to correct alternatives valuation processes
Danish pension funds handed orders from FSA to improve valuation methods for private equity, infrastructure and illiquid credit investments
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NewsPPF proposes bespoke discount rates in valuations for smaller schemes
The consultation will close on 6 May and seeks views from actuarial professionals and industry stakeholders
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NewsWhat does Thames Water’s valuation dip mean for UK pension funds?
Earlier this month USS cut the value of its investment in Thames Water from £956m to £364.4m
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NewsSwiss investors weigh up illiquids as valuation uncertainties mount
PPCmetrics is currently observing ‘great uncertainty’ as to whether the stated valuation of some illiquid assets reflects their true value
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NewsUSS to reduce contribution level to 14.5% in January
While reporting a healthy surplus, lowering contribution rates and improving benefits is a ‘positive backdrop for USS’, says CEO Carol Young
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NewsBT Pension Scheme sees assets drop despite improved funding position
The scheme’s deficit dropped to £3.7bn in 2023 compared with £8bn in 2020, while its liabilities also declined to £41bn in 2023 compared with £51.28bn in 2022
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Asset Class ReportsRefinancings: private equity out in the cold
Activity has been disappointing due to macroeconomic headwinds and geopolitical tensions
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NewsUSS employers urge scheme for fast conclusion of 2023 valuation
Employers ‘wish to be cautious and proportionate’ in making responses to USS’s improved funding position
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NewsFCA set to kick off review of private market valuations
IOSCO recently highlighted valuations as a vulnerability for the private sector
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NewsDanish FSA raps ATP and other pension funds over alternatives valuation
Pension firms must ensure necessary value adjustments take place sufficiently quickly and frequently, says FSA
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NewsPrivate equity hesitant to adjust to high interest rate reality
The 2022 returns on private equity investments reported by pension funds contrast sharply with double-digit losses on listed equity portfolios
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Opinion PiecesDenmark: Seeking answers on unlisted valuations
The perennial problem of how unlisted assets should be valued has reared its head in Denmark. Data collated by one financial adviser on pension funds’ 2022 private equity investments has led to worries about an apparent black-box approach to valuation processes.
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NewsDanish FSA sees room for improvement in way pension funds’ value alternatives
Watchdog reacts to analysis showing widely divergent stated 2022 returns for Danish pension funds’ unlisted assets
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NewsPPF’s latest consultation proposes updates to valuation assumptions for buyout
The PPF is proposing adopting a yield-curve approach when assessing schemes for entry to the scheme
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Private equity continuation funds to see ‘record high’ in Q1 2023
Private equity funds are responding to the record gap in expectations between sellers and buyers by launching continuation funds
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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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Opinion PiecesViewpoint: As inflation psychology kicks in pension plans must act
Pascal Blanqué, chair of the Amundi Institute, says it’s a mistake to assume the inflation spike is merely a blip
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UK roundup: Church Workers Pension Fund complete buy-in
Plus: National Grid scheme hires BW, Hymans calls on plan sponsors to take control over DB valuations, UK pension fund sells office building
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Bank facility recourse part of revised De La Rue valuation, deficit plan
De La Rue Pension Scheme and sponsor agree to bring forward actuarial valuation
