Defined contribution – Page 10
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News
DC schemes to disclose domestic assets as government seeks to boost UK business
Chancellor introduced plans requiring schemes to report the extent to which they invest in the UK assets, and warned that under-performing schemes will be closed to new business
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News
Smart Pension anticipates reaching £10bn in assets within three years
The workplace pension provider hit £5bn in UK assets under management and forecasts stronger growth in 2024 and 2025
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News
Sweden launches €5bn premium pension tender for global, European index funds
Swedish Fund Selection Agency sets 18 April deadline for its second tender
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News
UK pensions minister urges industry to embed data ahead of dashboard connection
‘Don’t wait for me to come knocking at your door’, says Paul Maynard
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News
Private market managers must be held to account for climate reporting
Availability of climate data from private markets remained patchy in 2023, research from Hymans Robertson shows
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Opinion Pieces
A thematic focus on sustainability
The evidence for global temperatures rises caused by human emissions of greenhouse gasses (GHGs) has become overwhelming. That means there will have to be a huge adaptation by human societies across the globe to the reality of significant climate changes in the next few decades.
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News
Alecta writes off €1bn of its Heimstaden Bostad investment
CEO of troubled Swedish pensions giant says ‘fully aware it will take time and hard work to regain customers’ trust’
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News
UK master trust appoints Van Lanschot Kempen as fiduciary manager
With the mandate, the Cheviot Trust’s quality approach to governance will be enhanced by better information and data in relation to sustainability
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Analysis
Mansion House Compact: spotlight on NEST
NEST joined the Mansion House Compact in July 2023 as one of the first signatories, committing to allocating at least 5% of its default funds to unlisted equities by 2030
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News
Dutch hospitality industry fund ups interest rate hedge in run-up to DC switch
Pensioenfonds Horeca & Catering will be one of the first pension funds to switch to a DC arrangement on 1 January 2025
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News
Publica sees increasing trend towards lump sum pension withdrawals
Pension funds increase contributions to compensate for falling conversion rates to calculate payouts, says director
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News
UK pensions regulator to strengthen its authoritative grip
From April, TPR will create three new regulatory functions that protect, enhance and innovate in savers’ interests
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Analysis
Mansion House Compact: spotlight on L&G
L&G joined the Mansion House Compact in July 2023 as one of the first signatories, committing to allocating at least 5% of its default funds to unlisted equities
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News
APG pension fund scales back investment risk in run-up to DC switch
The fund is the first Dutch pension scheme to publish detailed plans about its investment strategy in the new DC system
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News
PPF selects Aviva to provide DC solution for hybrid schemes
Under the partnership, benefits of DC members of the PPF hybrid schemes will now be protected by Aviva’s master trust
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News
Auto-enrolment changes could add £105bn to young adults’ pensions
People’s Partnership has called for cross-party agreement with the support of key unions and trade bodies, on a timeline for implementing auto-enrolment reforms
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News
EIOPA’s IORP Risk Dashboard shows market and asset return risks as main concern
Liquidity risks are at a medium level but show an increasing trend compared to the previous quarter, driven by developments in derivative positions
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News
Industry sees continuity in Labour Party pension plans
Some ‘slightly interventionist’ changes include strengthening TPR powers in relation to DC consolidation
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Asset Class Reports
UK equities fail to regain their shine
UK pension funds are abandoning domestic equities, and the country’s global weighting in indices has also declined significantly
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Analysis
Mansion House reforms: UK government should embrace long-term thinking to boost the economy
Other countries have been far better than the UK at creating long-term strategies that have been maintained way beyond the five-year or shorter electoral timescales on which UK politicians focus