Archive News

Small- to mid-size pension risk transfer (PRT) transactions could see growth of up to 25 per cent in 2020 despite the ongoing Covid-19 pandemic, according to analysis by Legal & General (L&G)
Posted: 07/08/20
AP Pension has revealed that its positive returns in the second quarter (Q2) has made up for a large part of the losses it saw in the first quarter (Q1)
Posted: 07/08/20
Irish managed pension funds returned just 0.1 per cent over July, in what was described as a “damp squib” month for the funds.

The latest data from Rubicon Investment Consulting revealed that the best performer was Merrion Investment Managers with a return of 1.2 per cent, whilst New Ireland delivered the worst return with -1.6 per cent
Posted: 07/08/20
ITV has submitted an initial offer of £31m to The Pensions Regulator (TPR) to reach a settlement regarding its financial support of the Box Clever Group Pension Scheme
Posted: 06/08/20
Sweden’s AP7 has increased the size of its green impact mandate by €48.5m
Posted: 06/08/20
The deficits of pension schemes in ISEQ-listed companies reduced by €200m over the second quarter (Q2), according to the latest data from Mercer
Posted: 06/08/20
The Pensions Regulator (TPR) has warned that the hardest times “may still be ahead” for many sponsoring employers in a letter to the Work and Pensions Select Committee (WPC)
Posted: 05/08/20
The Covid-19 pandemic has “taken its toll” on the financial situation of the European occupational pensions sector, the European Insurance and Occupational Pensions Authority (EIOPA) has said
Posted: 05/08/20
Europe’s pension funds are leading the way with a new Net Zero Investment Framework, which provides a practical blueprint for investors wanting to maximise the contribution they make in tackling climate change and achieving net zero emissions globally by 2050
Posted: 05/08/20
The National Institute of Agricultural Botany (NIAB) Trust has become a statutory employer of the NIAB (1996) Pension Scheme following pressure from The Pensions Regulator (TPR)
Posted: 04/08/20
The average policy funding ratio of Dutch schemes continued to fall in July, ending the month on 95 per cent, the latest data from Aon has revealed
Posted: 04/08/20
A hearing will begin at Estonia’s Supreme Court on Tuesday, 4 August, on the government’s proposed pension reform bill at the request of the country’s President, Kersti Kaljulaid, who believes the reform bill is unconstitutional
Posted: 03/08/20
The best and worst performing pension schemes of FTSE 350 companies have seen “further divergence” in their funding levels in 2020 due to Covid-19 volatility, according to Aon
Posted: 03/08/20
The need for pension funds to be on the Netherlands’ upcoming register for ultimate beneficial owners (UBO) has been criticised by Achmea
Posted: 03/08/20
The Bank of Ireland (BOI) is to charge a negative interest rate of 0.65 per cent on ‘specialised accounts’, which includes accounts held by pension schemes
Posted: 31/07/20
The number of transfers into UK Qualified Recognised Overseas Pension Schemes (QROPS) fell by 12 per cent year-on-year in 2019/20, from 5,000 to 4,400, according to HMRC data
Posted: 31/07/20
The latest news in brief from the past seven days, including PMT, P PLus and Sampension
Posted: 31/07/20
Danish pension company, PFA, has entered into an undisclosed triple-digit million loan agreement to finance the construction of what will be one of Europe’s largest factory facilities for the production of sustainable lithium-ion battery cells for primarily electric vehicles
Posted: 30/07/20
The Countrywide Farmers Retirement Benefits Scheme has agreed a £100m bulk annuity transaction with Legal & General (L&G), securing the benefits of 360 deferred members and 712 retirees
Posted: 30/07/20
Sportfondsen Pensioenfonds has increased its pension contribution by 1 percentage point to 23 per cent
Posted: 30/07/20
Denmark’s Industriens Pension has invested DKK 1bn in a renewable energy fund from infrastructure investor Actis, which will focus on emerging markets (EM)
Posted: 29/07/20
The UK's Financial Conduct Authority (FCA) has launched a second consultation on measures to ensure that vulnerable consumers are treated fairly and consistently across financial services sectors
Posted: 29/07/20
Stichting Pensioenfonds PostNL’s (PostNL) policy funding ratio fell to 105.7 per cent in June 2020, down from 106.3 per cent at the end of May
Posted: 29/07/20
European countries’ pension reforms over the past two decades have played a “decisive role” in driving up the participation rate of older workers in the labour force, a new report by the European Central Bank (ECB) has found
Posted: 29/07/20
Austrian women receive 41.9 per cent less pension that men, according to SPÖ women
Posted: 28/07/20
The UK's Work and Pensions Committee (WPC) has launched an investigation into pension scams in the first strand of a three-part inquiry into the impact of the pension freedoms and protection of pension savers
Posted: 28/07/20
The average funding ratio of Dutch pension schemes increased by 3.3 percentage points in the second quarter (Q2) of 2020, according to the country’s central bank and supervisor, DNB
Posted: 28/07/20
Nordic postal company PostNord has revealed that the transfer of its insurance arm of its pension scheme, PostNord Försäkringsförening, has contributed to a higher pension liability
Posted: 28/07/20
The deadline to enter the Irish Pensions Awards, which honours the Irish pension funds and providers that have excelled in the past year, has been extended to 7 August 2020
Posted: 27/07/20
Danica Pension has pledged to transition its DKK 400bn of assets under management to net-zero greenhouse gas emissions by 2050, as it becomes the 26th member of the United Nations-convened Net-Zero Asset Owner Alliance (AOA)
Posted: 27/07/20
Ethical investment funds have shown their resilience during the coronavirus pandemic, with the average ethical fund producing a 4.3 per cent return over the past year, compared to an average of 1.5 per cent for non-ethical funds, according to analysis by Moneyfacts
Posted: 27/07/20
The Pensions Administration Standards Association (Pasa) has emphasised the importance of administrators in mitigating against the risk of cybercrime in pension schemes, amid increased industry concerns
Posted: 24/07/20
The latest news in brief and mandates from the past seven days
Posted: 24/07/20
Environmental, social and governance (ESG) has been “zero to 100” when it comes to implementation, products, and consulting advice, but there hasn’t been “fundamental thinking from the ground up about what the topic is about”
Posted: 24/07/20
Denmark’s MP Pension had the second-best result of the Danish pension industry in the first half of 2020, according to data by Morningstar
Posted: 23/07/20
The Vodafone Defined Contribution (DC) Pension Plan has completed the largest-ever transfer of an unbundled DC scheme to a master trust, with £1.4bn of assets transferring to LifeSight master trust, according to Willis Towers Watson
Posted: 23/07/20
Sweden’s Första AP-fonden (AP1) returned -1.8 per cent in the first half of 2020, during a period that was rocked by Covid-19
Posted: 23/07/20
Norges Bank Investment Management (NBIM), which is responsible for the investments of the Government Pension Fund Global (GPFG), has sold two logistics property in the USA
Posted: 22/07/20
The French public sector additional pension scheme (ERAFP) has launched a call for tenders for the allocation of four diversified fund of funds management mandates, and several US equity mandates
Posted: 22/07/20
Several OECD countries have been warned that the short-term measures they have taken to help citizens through the coronavirus crisis have long-term risks
Posted: 22/07/20
The UK government has launched a call for evidence into pensions tax relief administration, following industry and stakeholder concerns over the net pay anomaly.

It has highlighted concerns around the potential for a low-earning individual’s take-home pay to be affected by the method of pensions tax relief operated by their scheme, stating that it is keen to understand what “deliverable options for change” exist, as a "straightforward and proportionate solution" has yet to be outlined.
Posted: 21/07/20
Pensioenfonds ING, the fund for employees of Dutch multinational banking group ING, has seen its policy funding ratio fall again down to 128.1 per cent from 129 per cent last month
Posted: 21/07/20
People in Ireland that live alone in the years before retirement are at greater risk of having inadequate income in retirement, according to a study by the Economic and Social Research Institute (ESRI)
Posted: 21/07/20
The number of Irish defined benefit transfer value enquiries from members of LCP-managed pension schemes increased during the pandemic lockdown
Posted: 21/07/20
Pension administration company, Achmea, has teamed up with Pensioenfonds PGB and IT provider CGI, to set up a new pensions administration platform following the joint acquisition of IT company, InAdmin RiskCo
Posted: 20/07/20
Skandia’s asset under management (AUM) dropped by SEK 28bn in the first half of 2020, falling from SEK 692bn to SEK 664bn, with falls in AUM seen across the group
Posted: 20/07/20
Danish pension provider PKA has tightened up its requirements for investing in coal and has excluded 20 companies with exposure to coal.
Posted: 20/07/20
The European Commission’s (EC) Renewed Sustainable Finance Strategy should focus on plugging legislative “inconsistencies and gaps”, the European Fund and Asset Management Association (EFAMA) has said
Posted: 17/7/20
The European Insurance and Occupational Pensions Authority (EIOPA) has voiced its support for calls to improve environmental, social and governance (ESG) integration and reporting for pension providers in a response to the European Commission’s Renewed Sustainable Finance Strategy consultation
Posted: 17/7/20
Swedish pension provider, Alecta, saw its defined benefit (DB) and defined contribution (DC) pension returns fall negative in the first half of 2020, according to its H1 2020 financial report
Posted: 17/7/20
The Serbian government’s pledge to boost pensions and salaries for public sector employees has been questioned by economists, who argue that there is no money to pay for the policy
Posted: 16/7/20
Greenpeace has launched a campaign placing pressure on the Luxembourg Fonds de Compensation (FDC) to divest from fossil fuels, after highlighting the fund’s current investments in oil and gas
Posted: 16/7/20
Dutch pension administrator, Achmea Pensioenservices, has welcomed the recent agreement on pension reform in the Netherlands, but warned that the transition to the new system would be complex
Posted: 16/7/20
Proposals for a reformed pension system in the Netherlands have now received the support of all four coalition parties, VVD, CDA, D66 and ChristenUnie, following a debate at the House of Representatives
Posted: 15/7/20
The Greek government could have to pay out billions of euros to retirees after the country’s Council of State found that cuts to pensions between June 2015 and May 2016 were unlawful
Posted: 15/7/20
Pension funds and other investors have met with the Brazilian Congress to discuss potential improvements to the country’s sustainable management of the Amazon rainforest
Posted: 15/7/20
The combined deficit of UK defined benefit (DB) pension schemes in the Pension Protection Fund (PPF) 7800 Index fell to £174.8bn at the end of June 2020, down from the £176.3bn reported in May 2020
Posted: 14/7/20
Around three quarters (74 per cent) of Finns trust the country’s pension system as confidence grew by 6 percentage points compared to last year, according to the Finnish Centre for Pensions (ETK)
Posted: 14/7/20
The Fourth Swedish National Pension Fund (AP4) has revealed that its return for the first six months of 2020 totalled -2.5 per cent
Posted: 14/7/20
Three quarters (75 per cent) of Danish savers would find it 'positive or very positive' if their pension company provided a digital solution allowing them to easily adjust their funds based on their needs, according to a survey for PFA
Posted: 13/7/20
Dutch pension fund PME has given a mandate to CBRE Global Investors to build a convenience retail portfolio with a focus on sustainability in the Netherlands
Posted: 13/7/20
The financial returns of Danish pension funds MP Pension and Danica Pension recovered in Q2 2020, after falling in first three months of 2020 due to the impact of Covid-19
Posted: 13/7/20
Norges Bank Investment Management (NBIM), which is responsible for the investments of the Government Pension Fund Global (GPFG), has called on the European Commission (EC) to go further on its sustainable finance strategy
Posted: 10/07/20
The Pensions Infrastructure Platform Limited (PiP) has been acquired, in its entirety, by Foresight Group LLP, following a "competitive process" run by the PiP board
Posted: 10/07/20
The latest news in brief and mandates from the past seven days
Posted: 10/07/20
Sweden’s income-based pension will increase by 0.8 per cent in 2021, the Swedish Pensions Agency has revealed
Posted: 10/07/20
Two-thirds of Dutch households expect their pension benefits to be reduced as a result of the coronavirus crisis, according to a survey by DNB
Posted: 09/07/20
PensionsEurope has raised some concerns over the proposed reporting requirements for the Pan-European Personal Pension Product (PEPP)
Posted: 09/07/20
The French government is to reinstate its pension reform negotiations with the social partners, it has been revealed
Posted: 09/07/20
Work to tackle climate change is “too slow and must be accelerated” despite such progress increasing “considerably”, according to AP7 CEO Richard Gröttheim
Posted: 08/07/20
Finland’s public sector pension provider, Keva, has become a joint owner in a district heating business in the Järvenpää-Tuusula area of the country
Posted: 07/06/20
The European Commission (EC) has deemed member states’ transposition of the supplementary pension rights directive as satisfactory
Posted: 08/07/20
The UBS UK Pension and Life Assurance Scheme has entered a £1.4bn longevity hedge deal, covering “the majority” of its defined benefit (DB) pensioners
Posted: 07/06/20
Danish pension savers are being warned to check how much they are paying in annual management costs (APR), especially in this period of low stock market returns
Posted: 07/06/20
ABP has revealed it successfully voted against proposed remuneration policies at four Dutch companies in the most recent general meeting of shareholders (AGM) season
Posted: 07/06/20
The transfer of benefits into the new Dutch pension system has not been “sufficiently considered” according to Aon Netherlands chief executive officer, Frank Driessen
Posted: 07/06/20
The UK's Pensions Ombudsman (TPO) has upheld a complaint against Phoenix, after misinformation saw the scheme record a lower Guaranteed Minimum Pension (GMP) for the complainant
Posted: 06/07/20
Plans to reform the Dutch pension system have been approved by the Dutch Federation of Trade Unions (FNV) in a vote that took place on Saturday, 4 July
Posted: 06/07/20
The second quarter of 2020 has seen Irish managed pension funds recover the majority of the losses they endured in quarter one, according to Rubicon Investment Consulting
Posted: 06/07/20
There are less than three weeks left to enter the Irish Pensions Awards, which honours the Irish pension funds and providers that have excelled in the past year
Posted: 06/07/20
Nordea has acquired NOK 4.2bn worth of pension portfolios from Norwegian insurance company, Frende Livsforsikring AS (Frende)
Posted: 06/07/20
Danish people born from 1954 onwards are the first age group to work longer following the retirement increase to 65.5 in 2019
Posted: 03/07/20
The cost of the UK’s Brexit bill has increased by €2.05bn (£1.85bn) “overnight” due to a 21 per cent increase in EU officials' pension liabilities
Posted: 03/07/20
The latest mandates and news in brief from the past seven days
Posted: 03/07/20
Swedish pension company, Skandia, has invested almost SEK 500m in a fund aimed at lending to microfinance institutions and inclusive financial institutions in developing countries
Posted: 02/07/20
Norges Bank Investment Management (NBIM), which is responsible for the investments of the Government Pension Fund Global (GPFG), has made several proposals that would increase the transparency and accountability of shareholder voting
Posted: 02/07/20
The average policy coverage ratio of Dutch pension funds fell further to 96 per cent in June, down from 98 per cent, according to Aon’s latest Pension Thermometer figures
Posted: 02/07/20
One-in-10 (11 per cent) UK defined benefit (DB) pension schemes have discussed superfunds as an option for their target end-game, according to a survey conducted by Willis Towers Watson
Posted: 01/07/20
Tax-subsidised pension savings are at the top of Swedish people’s wish list when it comes to pension reform, according to Skandia
Posted: 01/07/20
Denmark’s MP Pension has signed a joint letter from investors calling on the Brazilian government to stop the deforestation of the Amazon rainforest
Posted: 01/07/20
The upcoming Dutch pension reform, which will see every defined benefit scheme become a DC-like collective scheme, transfers the risks of the system to individuals, AXA Investment Managers head of quant lab, Laurent Clavel, has warned
Posted: 01/07/20
The Dutch pension reforms, which will see all pension schemes move from a defined benefit system to a DC-like collective system, will lead to €500bn of assets transferred from liability driven investments to cash flow driven investments
Posted: 30/06/20
Willis Towers Watson’s Willis Pension Scheme has entered a longevity swap deal with Munich Re to manage longevity risk in relation to £1bn of pensioner liabilities
Posted: 30/06/20
Several Baltic pension funds are now investors in Eco Baltia, the largest environmental management group for plastic recycling and waste collection in the Baltics, through their investment in the INVL Baltic Sea Growth Fund
Posted: 30/06/20
Danish pension fund, Industriens Pension, has detailed how using artificial intelligence helps its staff provide greater support to its members
Posted: 29/06/20
The Pensions Regulator (TPR), the UK pensions industry's regulator, has published its 2020/21 Corporate Plan, which sets out its priorities for the year ahead
Posted: 29/06/20
Finland has been ranked as the best country in Europe for retirement in 2020, moving up from second place in 2019, a report by Blacktower Financial Management Group has found
Posted: 29/06/20
The ex-boss of Norton Motorcycles, Stuart Garner, said that it was “likely” that pension investors would receive all their money back following The Pension Ombudsman’s (TPO) decision
Posted: 26/06/20
Finnish earnings-related pension payments increased by €1bn in 2019, totalling €29bn, the Finnish Centre for Pensions (ETK) has revealed
Posted: 26/06/20
The latest mandates and news in brief from the past seven days
Posted: 26/06/20
Norton Motorcycles director and scheme trustee, Stuart Garner, has been ordered to repay all the money that he invested into his own firm from the company pension schemes
Posted: 25/06/20
The policy funding ratio of Dutch pension fund, Pensioenfonds PostNL, has fallen to 106.3 per cent at the end of May
Posted: 25/06/20
Net sales of UCITS and AIFs rebounded in April after big outflows were seen in March, the European Fund and Asset Management Association (EFAMA) has revealed
Posted: 25/06/20
Denmark’s MP Pension has joined forces with other international investors to pressure Japan’s Mizuho Bank to stop lending to coal industries in Asia
Posted: 25/06/20
Kommunal Landspensjonskasse (KLP) has sold its wholly-owned pensions subsidiary, KLP Bedriftspensjon AS, to DNB Livforsikring AS, the bank’s life insurance arm, for an undisclosed amount
Posted: 24/06/20
The UK government has launched a consultation to seek views on proposed amendments to the Fee-Paid Judicial Pension Scheme (FPJPS), designed to reflect recent Supreme and European Union Court rulings
Posted: 24/06/20
Eighty per cent of German institutional investors now use environmental, social and governance (ESG) investment strategies, according to research by Union Investment
Posted: 24/06/20
AP2’s Female Representation Index for 2020 shows that the proportion of women represented on the boards of companies listed on Nasdaq Stockholm has decreased for the first time since 2013
Posted: 24/06/20
The High Court has ruled that the UK's Pension Protection Fund's (PPF) compensation cap for those below normal pension age is unlawful discrimination on the grounds of age
Posted: 20/06/20
Denmark’s Industriens Pension has invested DKK 8.9bn in a sustainable bond fund with PIMCO that has a focus on supporting the United Nation’s (UN) global goals
Posted: 23/06/20
Sweden’s state employees are now more likely to retire in the month they turn 67 than when they turn 65, according to the latest data from SPV, which is responsible for administering government employee pensions
Posted: 23/06/20
The drop in defined benefit (DB) scheme liabilities caused by Covid-19’s impact on mortality rates has been overshadowed by liability increases triggered by economic factors, according to Lane Clark & Peacock (LCP)
Posted: 22/06/20
The Danish pensions industry has said it is “ready with the necessary capital” to support the government’s climate initiatives
Posted: 22/06/20
Danish pension provider, PKA, is cracking down on car manufacturers, with one firm excluded and other big names on its watch list
Posted: 22/06/20
The average solvency ratio of Finnish earnings-related occupational pension insurers increased to 123 per cent at the end of May
Posted: 22/06/20
Worldwide regulated open-ended fund assets decreased by 10.8 per cent to €47.1trn in the first quarter (Q1) of 2020, the European Fund and Asset Management Association (EFAMA) has revealed
Posted: 22/06/20
The future expected monthly benefit that a Dutch defined contribution (DC) pension pot can buy has fallen by 5 per cent, according to new research by Aon
Posted: 19/06/20
The latest mandates and news in brief from the past seven days
Posted: 19/06/20
A “big surge” in defined contribution (DC) occupational trust pension schemes moving to master trusts is expected as the UK begins to ease lockdown, Hymans Robertson has said
Posted: 19/06/20
Pensioenfonds ING, the fund for employees of Dutch multinational banking group ING, has seen its market value coverage ratio increase to 116.3 per cent over May
Posted: 19/06/20
The Pensions Regulator (TPR) has published its interim regulatory regime for prospective defined benefit (DB) pension consolidation vehicles in the UK, ahead of future government legislation
Posted: 18/06/20
Luxembourg is “uniquely placed” to support the development of the Pan-European Personal Pension Product (PEPP), according to Association of the Luxembourg Fund Industry (Alfi) StatBo member, Steven Libby
Posted: 18/06/20
Ireland’s defined benefit schemes will be categorised by the country’s Pensions Authority on how likely they are able to meet their obligations, the Pensions Regulator, Brendan Kennedy announced, whilst stating that the “culture of trusteeship must change”
Posted: 18/06/20
There is still no expected completion deadline for the transposition of the European Union’s IORP II Directive in Ireland, the country’s Pensions Regulator, Brendan Kennedy has said
Posted: 17/06/20
Biffa’s defined benefit (DB) pension schemes had a net surplus of £116.7m at 27 March 2020, up from £79m at the same point 12 months prior
Posted: 17/06/20
Nordic-based pension funds AP Pension, PensionDanmark and KLP are among the first round of investors in what is set to be the largest renewable energy fund globally, having already reached €1.5bn
Posted: 17/06/20
Norges Bank Investment Management (NBIM), which is responsible for the investments of the Government Pension Fund Global (GPFG), has voted on 187 shareholder proposals on sustainability so far in 2020
Posted: 17/06/20
Swedish pension provider, Alecta, has said it is taking a stand against investments in tobacco and commercial gambling companies
Posted: 17/06/20
Danish pension providers, Velliv and Topdanmark, have been ranked as the worst providers for sustainability, a study by Söderberg and Partners has found
Posted: 16/06/20
Skandia’s foundations have donated SEK1.5m to support new research on Sweden’s reformed pension system
Posted: 16/06/20
Women and younger savers are more likely to choose low carbon dioxide funds or opt out of certain products and services when choosing investment options in Sweden’s premium pension
Posted: 16/06/20
Icelandic pension funds have extended their hiatus from foreign currency purchases until the 17 September, the Central Bank of Iceland has confirmed
Posted: 16/06/20
Sweden’s AP7 has excluded a further three companies from its investment universe, bringing its total number of blacklisted companies to 74
Posted: 15/06/20
The Dutch cabinet has finalised discussions with trade unions on the elaboration of the pension agreement
Posted: 15/06/20
The Pensions and Lifetime Savings Association (PLSA) has urged the government to alter the upcoming Corporate Insolvency and Governance Bill to avoid “unintended negative consequences”
Posted: 15/06/20
Danish women’s pension wealth immediately before the retirement age is, on average, 22 per cent less than that of men, new research by Forsikring and Pension (Insurance and Pension Denmark) has found
Posted: 15/06/20
A committee tasked with reviewing the ethical framework for Norway’s Government Pension Fund Global (GPFG) has made a series of proposals to update the guidelines “in light of the evolution in ethical norms and new issues that have emerged over the past 15 years”
Posted: 15/06/20
Ireland’s state-owned transport group, CIÉ, has seen a proposal for one of its pension schemes rejected by workers, the Irish Times has reported
Posted: 12/06/20
The Supervisory Council of Norges Bank has written to the country’s parliament giving a briefing on its probe into the appointment of incoming Norges Bank Investment Management (NBIM) CEO, Nicolai Tangen
Posted: 12/06/20
The latest news in brief and mandates from the past week
Posted: 12/06/20
The Pensions Regulator (TPR) has stated that it is "alive" and responding to the eight risk 'hotspots' identified in the Joint Forum on Actuarial Regulation’s (JFAR) updated Risk Perspective report
Posted: 11/06/20
PensionsEurope has sent a joint letter to the European Commission (EC) calling for the establishment of an open source European Union (EU) environmental, social and governance (ESG) data register
Posted: 11/06/20
Danish pension provider, PFA, is now giving customers access to a sustainable pension product
Posted: 11/06/20
Norges Bank Investment Management (NBIM) has partnered with the United Nation’s International Children’s Emergency Fund (UNICEF) to launch a guidance tool to help companies integrate children’s rights into their responsible sourcing policies and practices
Posted: 10/06/20
The Association of the Luxembourg Fund Industry (Alfi) has set itself the objective of leading in the development of innovative cross-border savings and pension products as part of its five key aims for its 2025 ambition
Posted: 10/06/20
The European Commission (EC) should “table a legislative proposal to require auto-enrolment into default occupational pension schemes at member state level”, the final report form the High Level Forum (HLF) on a Capital Markets Union (CMU) has said
Posted: 10/06/20
The annual return of the investments of Pensioenfonds ING was 11.1 per cent in 2019, up from 1.1 per cent in 2018, it has revealed
Posted: 10/05/20
The combined deficit of UK defined benefit (DB) pension schemes in the PPF 7800 Index has increased by 37 per cent to £176.3bn at the end of May 2020 (£128.5bn in April)
Posted: 09/06/20
Baltic-based financial services provider, Luminor, has partnered with cloud portfolio management platform provider FA Solutions to streamline its cross-border pension operations
Posted: 09/06/20
The investment management industry is split over the mood of institutional investors following the market turmoil caused by the pandemic, a report by Cerulli has found
Posted: 09/06/20
Denmark’s MP Pension has excluded a further 24 oil companies, bringing its total oil shares exclusion value to DKK 870m
Posted: 09/06/20
A steep incline in pension savings in Denmark since the 1990s has coincided with a strong rise in household debt, a study by Danmarks Nationalbank, the European Stability Mechanism, and several economists has found
Posted: 08/06/20
Norway’s largest pension fund, KLP, has excluded 12 companies from its investment portfolio, it has revealed
Posted: 08/06/20
Prof. dr. Hans van Meerten, chair European pension law, Utrecht University, the Netherlands, discusses why the recent ruling of the German Constitutional Court that an act of the European Central Bank and the EU Court is ultra vires, is significant to pension scheme members
Posted: 08/06/20
A final report on Sweden’s guarantee pension has suggested several changes be made to the public pension system
Posted: 08/06/20
The latest news in brief from the past seven days
Posted: 05/06/19
The UK's Financial Conduct Authority (FCA) is moving ahead with a ban on contingent charging for defined benefit (DB) pension transfers in most circumstances
Posted: 05/06/19
Several European pension funds have signed a letter calling on European leaders to ensure the economic response to the Covid-19 pandemic delivers a sustainable recovery
Posted: 05/06/20
Irish managed pension funds made an average return of 2.5 per cent over May, according to the latest analysis from Rubicon Investment Consulting
Posted: 05/06/20
Danica Pension has published a report on the CO2 impact of its investments, which finds that its investments emit 1.8 million tonnes less than the benchmark
Posted: 04/06/20
Norway’s Government Pension Fund Global (GPFG) has a real estate portfolio worth NOK 273bn, 10 years since Norges Bank Investment Management (NBIM) was given a mandate to invest in unlisted real estate
Posted: 04/06/20
The UK's Financial Ombudsman Service (FOS) received 5,528 new complaints about pensions in the 2019/20 financial year, down by 26 per cent on the year before
Posted: 03/06/20
Ireland’s Pensions Authority has said it remains “just as concerned as in previous years” about the amount of investment risk inherent in defined benefit (DB) schemes
Posted: 03/06/20
The average coverage ratio of Dutch pension funds increased from 90 per cent to 92 per cent in May, according to the latest analysis by Aon
Posted: 3/06/20
The Financial Conduct Authority (FCA) has stopped Surrey-based cross-border financial consultancy, Montfort International, from conducting new investment or pension business
Posted: 2/6/20
Many self-employed Finns feel that they "cannot afford" to pay higher pension contributions and "lack trust" in the pension system, according to the Finnish Centre for Pensions (ETK)
Posted: 2/6/20
Sampension has boosted its green bonds purchases, after raising more than DKK 300m in green and sustainable investments over the first few months of the year
Posted: 2/6/20
The governor of Norway’s central bank has signed an employment contract to make Nicolai Tangen the CEO of Norges Bank Investment Management (NBIM), despite previous concerns over conflicts of interest
Posted: 1/6/20
Sweden, Belgium and Denmark have the “best pension systems worldwide”, yet only a “handful” of countries are tackling demographic issues, analysis by Allianz Global Investors has found
Posted: 1/6/20
Deutsche Rentenversicherung Bund spokesperson, Dirk von der Heide, sat down with European Pensions reporter, Sophie Smith, to discuss the recent German Pensions Commission’s report, and how the system’s adaptability and long-term outlook can help it see past the current crisis
Posted: 1/6/20
Nationwide Building Society has announced that it will close its defined benefit (DB) pension scheme to future accrual on 31 March 2021
Posted: 29/05/20
European Pensions brings you the latest mandates and news in brief from the past seven days
Posted: 29/05/20
With World No Tobacco Day this Sunday 31 May, Tobacco Free Portolios discusses the risks associated with pension funds investing in tobacco
Posted: 29/05/20
Pensioenfonds ING, the fund for employees of Dutch multinational banking group ING, has postponed its decision on indexation to December 2020
Posted: 29/05/20
There was a “sense in the UK” that it was “too difficult to divest from tobacco because of fiduciary duty constraints”, Nest CIO, Mark Fawcett, has said
Posted: 28/05/20
Jens van Egmond, board member and member of the investment committee at Netherlands’ Sportfondsen pension fund, talks Covid-19, portfolio strategy and the future of pensions with Francesca Fabrizi
Posted: 28/05/20
Pension funds in Norway posted a pre-tax profit of -4 per cent (annualised) on average in the first quarter (Q1) of 2020, according to the Financial Supervisory Authority of Norway (Finanstilsynet)
Posted: 28/05/20
Global society is on a “cusp of a generation” that demands a “pension to be proud of”, according to the film producer, director and writer, Richard Curtis
Posted: 28/05/20
A new Dutch pension bill changing the rules on pension distribution in the event of a divorce has been postponed until 1 January 2022, Minister of Social Affairs and Employment, Wouter Koolmes, has announced
Posted: 27/05/20
The trustees of the 3i Group Pension Plan have completed a £650m bulk annuity deal with Legal & General (L&G)
Posted: 27/05/20
European Insurance and Occupational Pensions Authority (EIOPA) coordinator for pensions policy, Sandra Hack, reflects on the continual evolution of the Pan-European Personal Pension Product (PEPP)
Posted: 27/05/20
The Covid-19 pandemic has highlighted the heterogeneous nature of Europe’s pension systems, as multinationals look for flexibility on pension funding as a way to manage cash flow
Posted: 27/05/20
A new law introduced in the Netherlands to increase diversity on company boards does not apply to pension funds, Minister of Education, Culture and Science, Ingrid van Engelshoven, has confirmed
Posted: 26/05/20
Aston Martin Lagonda’s new chief executive, Tobias Moers, will receive a pension in line with the majority of the workforce after he joins the automotive giant on 1 August
Posted: 26/05/20
Irish Association of Pension Funds (IAPF) CEO, Jerry Moriarty, discusses
the challenges for the pensions industry in Ireland at a time of a global
health and economic crisis
Posted: 26/05/20
The Finnish pension provider for the local government sector, Keva, had a return of -10.4 per cent in the first quarter (Q1) of 2020, it has revealed
Posted: 26/05/20
United Utilities’ defined benefit surplus stood at £754m at 31 March 2020, according to its annual results, up from a surplus of £484m in March 2019
Posted: 22/05/20
Danish pension providers, PensionDanmark and PFA, have united with energy company, SEAS-NVE, to invest in and operate an offshore wind farm
Posted: 22/05/20
Members of Denmark’s P+ pension paid a record amount of over DKK 250m in contributions in 2019, it has revealed
Posted: 22/05/20
European Pensions brings you the latest news in brief and mandates from the past seven days
Posted: 22/05/20
The UK government has said that it does not believe there are “proportionate interventions” to be made at this time in pension investments affected by the Covid-19 crisis
Posted: 21/05/20
The traditional life portfolio of Sweden’s SH Pension saw a return of -6.3 per cent in the first quarter of 2020, it has revealed
Posted: 21/05/20
The Dutch pension fund, ABP, for those working in the government and education sectors, has increased its investments in bonds aimed at the fight against the Covid-19 pandemic and its impact
Posted: 21/05/20
NN Life, a subsidiary of the Netherlands’ NN Group, has completed three longevity reinsurance transactions with companies Canada Life, Munich Re and Swiss Re associated with €13.5bn of pension liabilities in the Netherlands
Posted: 21/05/20
The policy funding ratio of Pensioenfonds ING, the fund for employees of Dutch multinational banking group ING, increased slightly over April to 130.1 per cent
Posted: 20/05/20
The number of UK employers that are requesting deficit recovery contribution (DRC) suspensions or reductions will continue to rise, according to The Pensions Regulator (TPR)
Posted: 20/05/20
The development of a European pension tracking service is making “good progress”, the European Tracking Service (ETS) steering group has said
Posted: 20/05/20
The coverage ratio of the Netherlands’ Pensioenfonds Hoogovens increased to 96.2 per cent in April from 94.7 per cent in March, it has revealed
Posted: 19/05/20
The Norwegian Government Pension Fund Global is being urged to divest from German defence group, Rheinmetall, by a group of institutional investors and non-governmental organisations (NGOs)
Posted: 19/05/20
Sweden’s AP4 was the top performing pension investor in 2019, with a return of 19.6 per cent, according to the Finnish Centre for Pensions (ETK)
Posted: 19/05/20
The French Pension Reserve Fund (FRR) has reported that it achieved a performance of 9.66 per cent in 2019, which it attributed to high returns from assets such as equities
Posted: 18/5/20
The Dutch Pension Ombudsman has called on pension funds to make a “reasonable policy” on how to deal with people who miss the deadline for a disability contribution waiver
Posted: 18/5/20
The majority of the Dutch population expect to be financially affected by the current pandemic and mitigating measures, research by De Nederlandsche Bank (DNB) has revealed
Posted: 18/5/20
The European Commission (EC) has referred the Netherlands to the Court of Justice of the European Union for taxing the transfers of pension capital by mobile workers, which it says is a restriction on the free movement of capital
Posted: 15/05/20
KBC Bank Ireland has today (15 May) confirmed that it is launching a digital pension offering to its customers
Posted: 15/5/20
Irish defined benefit (DB) pension schemes have weathered recent market turbulence well, Mercer has found, as DB deficits for ISEQ-listed companies remain unchanged since year-end at €1.2bn
Posted: 15/5/20
Norway’s largest pension fund, Kommunal Landspensjonskasse (KLP), saw value adjusted returns on customers’ funds of -3.7 per cent in Q1 2020, as the Covid-19 pandemic hit financial markets
Posted: 15/5/20
Last year (2019) was an “exceptionally profitable” year for European pension funds, despite expectations of a difficult period, the Finnish Centre for Pensions (ETK) has said
Posted: 14/5/20
Norges Bank’s executive board has excluded five companies from the Government Pension Fund Global (GPFG) after an assessment against the product-based coal criteria
Posted: 14/5/20
Finland’s State Pension Fund (VER) has increased its investments in commercial papers by €31m across 25 companies
Posted: 14/5/20
Pension obligations for PMT, the Dutch pension fund for the metal and technology industry, rose by over £10bn to €85.7bn in 2019, as the fund reported a “turbulent year” amid ongoing market volatility
Posted: 13/5/20
Swedish pension provider AMF has purchased around 6.6 per cent of the shares in engineering industry group Haldex for approximately SEK 114.5m
Posted: 13/5/20
The Swedish Pensions Agency, Pensions Myndigheten, has predicted that the average public pension income will decrease by 1.5 per cent in 2021
Posted: 13/5/20
Danish pension provider PFA has purchased 20 per cent of Data4, which finances, designs, builds and operates data centres in several locations in Europe
Posted: 12/5/20
Pension scheme actuaries can aid efforts to understand the current and future effects of the coronavirus crisis, according to a report from the Actuarial Association of Europe (AAE)
Posted: 12/5/20
Norges Bank will take its Supervisory Council’s concerns “into account” when drafting the contract of incoming Norges Bank Investment Management (NBIM) CEO, Nicolai Tangen
Posted: 12/5/20
Finnish pension provider Elo made a loss of 9.5 per cent in the first quarter of 2020, it has revealed
Posted: 11/05/20
Sweden’s KPA Pension made a return of -5.8 per cent in the first quarter of 2020 (Q1), it has revealed
Posted: 11/05/20
The AA’s DB pension deficit decreased from £218m to £162m year-on-year, as of 31 January 2020, driven by a 10 per cent increase in the AAUK scheme’s asset value to £2,472m
Posted: 07/05/20
The €252bn Dutch pension fund asset manager, PGGM, and €900bn Swedish pension fund, Alecta, have partnered up to co-invest in credit risk sharing transactions
Posted: 07/05/20
The Dutch pension fund for employees in the government and education sectors, ABP, has revealed improvements in meeting sustainable investment goals
Posted: 7/5/20
The UK's Pensions Ombudsman (TPO) has upheld a complaint against the Railways Pension Trustee Company over its response to a member’s application for augmentation of her early retirement
Posted: 06/05/20
Pension provider, Velliv, has entered into a collaboration with Danish artificial intelligence (AI) company, 2021.AI
Posted: 06/05/20
Global government responses to Covid-19 and promises of financial support helped Irish managed pension funds make a positive return over April, the latest data from Rubicon Investment Consulting shows
Posted: 06/05/20
Punter Southall Aspire has announced that is withdrawing from the UK's master trust market and is seeking a “suitable home” for Aspire Savings Trust members
Posted: 05/05/20
The Polish Open Pension Funds' (OFE) funding position moved from a deficit of PLN 17bn (€3.7bn) to a surplus of PLN 1.4bn (€308m) during 2019, according to government statistics
Posted: 5/5/20
German institutional investors, investing in spezialfonds (special funds), have increased their investments in government bonds, according to analysis by Universal Investment
Posted: 05/05/20
The UK's Pensions Ombudsman (TPO) has upheld a complaint against the NHS Business Services Authority (BSA) over special class status (SCS) eligibility
Posted: 04/05/20
The solvency ratio of Finnish pension provider, Varma, has remained high, despite suffering investment losses in the first (Q1) of 2020
Posted: 04/05/20
The Council of Ethics of Sweden’s AP funds has detailed its work undertaken with social media companies such as Facebook and YouTube, following the live streaming of a terrorist attack that took place in New Zealand in March 2019
Posted: 04/05/20
Dutch pension funds began their recovery in April, as average funding ratios rose from 85 per cent to 90 per cent, according to the latest analysis by Aon Netherlands
Posted: 04/05/20
Dutch pension funds, Pensioenfonds PostNL (Post NL) has submitted a revised recovery plan to Dutch pension regulator, De Nederlandsche Bank (DNB)
Posted: 01/05/20
Pension savers in the UK reclaimed £32.7m in overpaid tax from their first pension freedoms withdrawals in Q1 2020, according to HMRC data
Posted: 01/05/20
The governor of Norges Bank, Øystein Olsen, has defended the decision to appoint Nicolai Tangen as the new CEO of Norges Bank Investment Management (NBIM)
Posted: 01/05/20
The UK's pensions industry has widely welcomed The Pensions Regulator’s (TPR) “pragmatic” Annual Funding Statement (AFS) but acknowledged that schemes will face huge challenges amid the uncertainty
Posted: 30/04/20
Danish pension provider, ATP, saw a DKK 32.1bn increase in the value of its guaranteed pensions in the first quarter (Q1) of 2020 as a result of hedging, it has said
Posted: 30/04/20
Danish pension provider, PFA, has said that it has recovered approximately half of the losses it suffered in the first quarter (Q1) of 2020
Posted: 30/04/20
The Leonardo Electronics Pension Scheme has completed a £160m buy-in with Just Group
Posted: 29/04/20
The ninth annual Irish Pensions Awards are now accepting entries until 24 July for Irish pension funds and providers who feel they have excelled in the past year
Posted: 29/04/20
Switzerland’s PFS Pension Fund Services AG (PFS) has acquired BVG (second pillar) administration business Swisscanto Vorsorge AG (SVAG) from Zürcher Kantonalbank, for an undisclosed sum
Posted: 29/04/20
Defaqto has emphasised the importance of considering risk adjustment and appropriate timescales when reviewing UK default pension funds, in new research analysing default performance
Posted: 28/04/20
Ninety per cent of young Swedish citizens can see themselves working past the age of 65, according to a survey by the Swedish Pensions Agency
Posted: 28/04/20
Four public sector trade unions in the UK have filed court proceedings against the country's government, accusing it of withholding improved pension benefits for hundreds of thousands of public service workers
Posted: 27/04/20
A desire for more generous pension benefits by Irish employees has increased across all age groups, according to Willis Towers Watson (WTW)
Posted: 27/04/20
Ireland’s Pensions Authority has reminded employers, trustees and those within the pensions industry that it has “no power” to waive obligations required by the Pensions Act
Posted: 27/04/20
Danish insurance and pension provider, Topdanmark, has revealed it made a loss of DKK 193m in the first quarter of 2020, as a result of the financial impact of coronavirus
Posted: 27/04/20
UK pensions specialist and employee benefits advice firm, Johnson Fleming, has been acquired by US insurance broker and consultancy, NFP
Posted: 24/04/20
The Supervisory Council of Norway’s central bank, Norges Bank, has sent a letter to the bank’s Executive Board with questions over the hiring of the incoming Norges Bank Investment Management (NBIM) CEO, Nicolai Tangen
Posted: 24/04/20
European Pensions brings you the latest news in brief from the past seven days
Posted: 24/04/20
Between 5-10 per cent of UK sponsoring employers have been requesting to suspend deficit recovery contributions (DRCs), according to The Pensions Regulator (TPR)
Posted: 23/04/20
Swedish pension and insurance company, Länsförsäkringar, has made it easier for it members to identify low carbon funds by adding a green leaf symbol next to them on its funds list
Posted: 23/04/20
The jointly owned investment company of the first, third and fourth Swedish AP funds, Polhem Infra, has invested in one of the country’s largest wind power projects
Posted: 23/04/20
The Dutch pension fund ABP, for those working in the government and education sectors, has invested €288m since the end of March in various bonds targeted at the fight against the coronavirus
Posted: 22/04/20
The Dutch pension scheme for those working in the government and education sectors, ABP, has revealed that it has lost over half of its 2019 investment gains in the first quarter of 2020
Posted: 22/04/20
Average pension transfer times in the UK have improved over the past year, with simpler transfers taking just seven calendar days according to the Origo Transfer Index
Posted: 22/04/20
Net sales of UCITS and AIFs saw a decrease between January and February 2020 of €95bn, from €137bn down to €42bn, the European Fund and Asset Management Association (EFAMA) has revealed
Posted: 22/04/20
Sweden’s financial supervisory authority, Finansinspektionen (FI), has fined Skandia Liv SEK 35m along with a warning over a “serious” administrative error
Posted: 22/04/20
Pension scheme members in defined contribution schemes that are due to retire and have to take out an annuity under their domestic pension laws should be given the option to delay this, the European Insurance and Occupational Pensions Authority (EIOPA) has said
Posted: 21/04/20
Several Dutch pension funds have joined a group of international investors calling on the pharmaceutical industry to work together in the fight against the Covid-19 pandemic
Posted: 21/04/20
Prof. dr. Hans van Meerten, chair European pension law, Utrecht University, the Netherlands, discusses why Dutch pension funds must stop opposing EU measures, and instead embrace EU co-operation
Posted: 21/04/20
Italy’s Fonchim Pension Pension Fund has awarded a new €110m emerging market debt mandate to Payden and Rygel
Posted: 21/04/20
Ireland’s Pensions Authority has been successful in its case against an employer that failed to pay pension contributions
Posted: 20/04/20
The total amount of assets in Finnish earnings-related pension savings reached €215bn at the end of 2019, according to the Finnish Pension Alliance (Tela)
Posted: 20/04/20
Premier Foods has today announced a "landmark" pensions agreement, which will see its three pension schemes merged into a single trust
Posted: 20/04/20
All four defendants in the case relating to the Falcon Funds and Optimus fraud have been sentenced to prison
Posted: 20/04/20
The Association of British Insurers (ABI) has warned savers against making rash decisions with their pension savings during the Covid-19 pandemic
Posted: 17/04/20
The coverage ratio of the Netherlands’ Pensioenfonds Hoogovens fell from 101.6 per cent to 94.7 per cent in March, it has revealed
Posted: 17/04/20
Several European pension funds have welcomed Shell’s commitment to take significant additional action on climate change, including a commitment to achieve net zero emissions
Posted: 17/04/20
The European Insurance and Occupational Pensions Authority (EIOPA) Board of Supervisors has elected Åsa Larson and Els Bos to the Management Board
Posted: 16/4/20
Norges Bank Investment Management (NBIM) brought in NOK 47bn of extra income through external active equity managers between 1998 and 2018
Posted: 16/4/20
Sustainable investments are seeing their stock market value decline “less rapidly” then the broader index, according to Dutch pension service provider and asset management company, PGGM
Posted: 15/04/20
Risk transfer demand is likely to be slowed by pension schemes considering whether upcoming transactions are appropriate amid the coronavirus crisis, according to Hymans Robertson
Posted: 15/04/20
Savers across Europe are worried that the sustained period of low interest rates is “strangling” their retirement savings, according to Raisin
Posted: 15/04/20
Denmark’s MP Pension has reported a loss of 10.1 per cent in the first quarter of 2020
Posted: 14/04/20
River and Mercantile (R&M) is set to complete the transition and onboarding of £1.16bn of mandates from the Smurfit Kappa UK Pension Fund
Posted: 14/04/20
The total number of earnings-related pension insurance policies transferred from one pension insurance company to another reached almost 4,800 during quarter one 2020, according to the Finnish Pension Alliance (Tela)
Posted: 14/04/20
Pensions Europe has called for close collaboration between member associations and European Union (EU) level and national regulators and supervisors to ensure that pension funds can overcome the challenges caused by the Covid-19 pandemic
Posted: 09/04/20
Read in full the statement from PensionsEurope on measures it believes should be taken to mitigate the impact of the Covid-19 pandemic on pension funds across Europe
Posted: 09/04/20
UK employer’s auto-enrolment (AE) duties towards their staff will continue to apply “as normal”, despite the ongoing challenges posed by the coronavirus, The Pensions Regulator (TPR) has stated
Posted: 09/04/20
Finland has reduced employer earnings-related pension contributions by around 2 per cent as a measure to deal with the financial impact of the Covid-19 pandemic
Posted: 09/04/20
Financial literacy and promoting sustainability awareness are “somewhat sidelined” in a consultation on the Renewed Sustainable Finance Strategy released by the European Commission
Posted: 09/04/20
The European Insurance and Occupational Pensions Authority (EIOPA) has said that it plans to expand the remit of its costs and past performance annual reports to include occupational pension funds
Posted: 08/04/20
Supermarket firm Tesco has reached an agreement with its pension trustees to make a one-off £2.5bn scheme contribution to eliminate its funding deficit
Posted: 08/04/20
Swedish pension company, Skandia, has invested SEK 1.5bn in a social bond issued by the African Development Bank that aims to support African communities during the coronavirus pandemic
Posted: 08/04/20
Two Danish pension funds, PKA and PenSam, have invested DKK 1.7bn in solar power farms in the US states of California and Texas
Posted: 08/04/20
Sweden’s KPA Pension has invested an additional SEK 530m in two bonds that aim to alleviate the social and economic effects of the Covid-19 pandemic
Posted: 07/04/20
The introduction of pension freedoms in the UK has partly driven a "significant risk of harm" to pension investors, the Financial Conduct Authority (FCA) has said
Posted: 07/04/20
Pension funds should follow a five-step risk management process in order to respond quickly and adequately to risks posed by a crisis such as the Covid-19 pandemic, according to Achmea Pension Services
Posted: 07/04/20
Stichting Bedrijfspensioenfonds voor de Agrarische en Voedselvoorzieningshandel (Bpf AVH), the Dutch pension fund for those working in the agriculture and food supply sector, has said there is a “great chance” that pensions will need to be reduced next year
Posted: 06/04/20
The Dutch Pension Federation has welcomed a government measure that will see workers’ pension contributions continue to be paid throughout the coronavirus pandemic
Posted: 06/04/20
British high street retailer, Debenhams, failed to pay its agreed April deficit recovery contribution (DRC) as the firm edges towards administration
Posted: 06/04/20
Danish pension provider, Danica Pension, has said it expects improvement in returns for the rest of the year after a negative first quarter
Posted: 06/04/20
Irish managed pension funds declined by 15.8 per cent in the first quarter of 2020, one of the worst results for the funds since the 2008 financial crisis
Posted: 06/04/20
Legal & General (L&G) announced that its global pension risk transfer business has secured £261m of pensioners’ benefits across eight transactions in March
Posted: 03/04/20
Denmark’s AP Pension made a loss of DKK 72m in 2019, which it said was as a result of integrating Skandia’s Danish business following its takeover
Posted: 03/04/20
Danish citizens are being reminded of their pension schemes’ insurance policies, which are linked to the scheme but could stop if pension contributions are paused
Posted: 03/04/20
A proposal by the German government’s Sustainable Finance Committee to develop sustainability indicators for corporate disclosures in Germany could have the “unintended consequence of preventing comparability of companies’ disclosures across markets”
Posted: 03/04/20
Norway’s Government Pension Fund Global has made a loss of 14.6 per cent in the first quarter of 2020, its preliminary results have revealed
Posted: 02/04/20
Swedish pension company, Skandia, has invested SEK 450m in a bond that aims to be used to fight the Covid-19 pandemic in Europe
Posted: 02/04/20
Cecilia Thorn has resigned as the chief executive of the Actuarial Association of Europe (AAE), effective 1 April 2020
Posted: 02/04/20
The average coverage ratio of Dutch pension funds fell from 95 per cent to 85 per cent in the first half of March, according to Aon
Posted: 02/04/20
The Royal Bank of Scotland (RBS) has cancelled a dividend-linked contribution to its main UK pension scheme in light of the Covid-19 pandemic
Posted: 01/04/20
Danish pension provider, PKA, has joined the Investor Alliance on Human Rights, and has signed a joint letter calling for 95 of the world’s largest companies to make greater efforts to uphold fundamental human rights throughout their value chains
Posted: 01/04/20
The number of people in receipt of a partial old-age pension in Finland increased by 6,000 between the end of 2018 and 2019, according to the Finnish Centre for Pensions (ETK)
Posted: 01/04/20
The European Insurance and Occupational Pensions Authority (EIOPA) has created two model pension benefit statements, demonstrating how schemes should provide “clear, comparable” information to their members
Posted: 01/04/20
The board chairman of Dutch pension fund, ABP, Corien Wortmann, has said that the financial impact of Covid-19 increased the chance of lowering pensions in 2021
Posted: 31/03/20
Two WPP sponsored pension schemes have completed a further combined £250m buy-in with the Pension Insurance Corporation (PIC)
Posted: 31/03/20
Risk management is most valued by European pension funds in a long income manager, according to research by Alpha Real Capital LLP
Posted: 31/03/20
Several of Finland’s pension providers have warned that the economic downturn caused by Covid-19 “may outweigh the worst experiences of banking crises,” as they published a joint statement urging the government to strengthen the country’s healthcare capacity
Posted: 30/03/20
Arcadia Group intends to suspend monthly contributions to its pension scheme in an effort to retain cash during the coronavirus crisis
Posted: 30/03/20
The foundations of Swedish pension company Skandia have donated SEK 1.8m to institutions undertaking climate research
Posted: 30/03/20
The Pensions Authority in Ireland has said it will take into account current circumstances when assessing the trustees’ compliance with their obligations
Posted: 30/03/20
The UK government has confirmed that the coronavirus job retention scheme will include provisions for pension contributions
Posted: 27/03/20
A joint statement signed by 195 institutional investors from around the world is urging companies to take steps to mitigate the social impact of the coronavirus crisis
Posted: 27/03/20
The Dutch government has announced that there will be no tax consequences for pensions of healthcare workers who retired early but are returning to work to support the fight against Covid-19
Posted: 27/03/20
The average monthly pension of Finnish retirees exceeded €1,700 euros for the first time, according to the Finnish Centre for Pensions (ETK)
Posted: 26/03/20
The UK's Financial Conduct Authority (FCA) has delayed the implementation of its proposed changes to defined benefit (DB) pension transfers by up to six months
Posted: 26/03/20
Norges Bank Investment Management (NBIM), which is responsible for the investments of the Government Pension Fund Global, has revealed that Nicolai Tangen is to become its new chief executive officer
Posted: 26/03/20
Bulk annuity pricing has fallen as current market volatility is causing rapid shifts in all asset pricing, new research from XPS has shown
Posted: 25/03/20
Institutional investors that are not obliged to trade are waiting for the right moment before they step into the markets, according to Danish consultancy firm Kirstein
Posted: 25/03/20
The value of worldwide regulated open-ended fund assets increased by 3.1 per cent to €52.7trn in the fourth quarter (Q4) of 2019, according to the European Fund and Asset Management Association (EFAMA)
Posted: 25/03/20
Sweden’s AP7 fund has been revealed as one of the founding members of a new task force that aims to drive corporate action on water-related financial risk
Posted: 25/03/20
Denmark’s MP Pension is allow self-employed members to pause their payments throughout the coronavirus crisis
Posted: 24/03/20
The Parliamentary Contributory Pension Fund (PCPF) has announced that it is reducing its investment in fossil fuels and increasing its exposure to renewable energy
Posted: 24/03/20
Assets under management in Spain’s pension plans fell by 2.6 per cent over February, according to Spanish platform VDOS
Posted: 24/03/20
The Pensions Regulator (TPR), the UK's pensions regulator, has confirmed plans to postpone its ongoing regulatory initiatives, including its Corporate Plan and long-term strategy
Posted: 23/03/20
The think tank, 2 Degrees Investing Initiative (2DII) has developed stress tests based on Covid-19 scenarios to assess the financial risks of the virus
Posted: 23/03/20
Swedish pension provider Alecta has invested SEK 2bn in a social bond to support companies that have been negatively affected by Covid-19
Posted: 23/03/20
Swedish pension provider Alecta has formed its own real estate business, Alecta Fastigheter, AB in order to bring its real estate investments in-house, which will initially own and manage properties worth SEK 45bn
Posted: 20/03/20
The French public sector additional pension scheme (ERAFP) is launching a call for tenders for several US mid-cap equities mandates
Posted: 20/03/20
Net sales of UCITS and AIFs totalled €137bn, up from EUR €70bn in December 2019, according to the European Fund and Asset Management Association (EFAMA)
Posted: 20/03/20
British retailer, Next’s defined benefit (DB) pension schemes have increased their surplus from £125.0m to £133.4m in the 12 months ended January 2020
Posted: 19/03/20
Danica Pension has revealed that it is giving self-employed members the option to take a pension contribution break until the end of June due to the impact of coronavirus
Posted: 19/03/19
The pension scheme for doctors in Denmark, Lægernes Pension, saw 1,337 new members join the scheme in 2019, it has revealed
Posted: 19/03/20
Strong solvency ratios of private sector pension insurers in Finland will make it “easier to absorb the effects” of the coronavirus pandemic, according to the Finnish Pension Alliance (Tela)
Posted: 18/03/20
The Morrisons Group pension schemes reported £256m worth of growth in its net accounting surplus over the past year, up to £944m (£688m in 2018/19)
Posted: 18/03/20
Dutch pension fund Pensioenfonds PostNL (PostNL) suffered a 5.2 per cent drop in its funding ratio during the last week of February, it has revealed
Posted: 18/03/20
The value of Germany’s DAX 30 companies’ pension liabilities rose from €365.3bn in 2018 to €409bn in 2019, according to analysis by Mercer Deutschland GmbH
Posted: 17/03/20
Motorola has confirmed that the IndigoVision pension schemes and its members' benefits will be safeguarded in its proposed acquisition of the video security solution firm
Posted: 17/03/20
Iceland’s Pension Fund of Commerce has announced it has temporarily closed its office due to coronavirus
Posted: 17/03/20
The Finnish Centre for Pensions (ETK) has reassured Finnish citizens that their pensions will be paid as normal during these uncertain times
Posted: 17/03/20
Trustees must embrace virtual meetings to ensure that pension schemes don’t suffer during the coronavirus outbreak, according to Aon
Posted: 16/03/20
Sweden’s AP1 fund has announced that it will no longer invest in fossil fuels as it targets a carbon neutral portfolio by 2050
Posted: 16/03/20
The coverage ratio of the Dutch pension fund for people working in the government and education sector, Stichting Pensioenfonds ABP (ABP), has reported that its coverage ratio dropped to 88.7 per cent over February
Posted: 16/03/20
Retailer C&A’s Dutch pension fund, Provisum, has revealed it has recently awarded a €250m passive equity mandate to State Street Global Advisers (SSGA)
Posted: 13/03/20
Danish pension provider, PFA, has told customers that it can’t rule out the possibility of longer response times due to coronavirus
Posted: 13/03/20
Boards looking at and reforming their member-nominated trustee (MNT) recruitment process is the “obvious starting point” to improving diversity, Travers Smith head of pensions, Daniel Gerring has said
Posted: 13/03/20
The UK's Department for Work and Pensions (DWP) “has some catching up to do” on whether occupational DC schemes that offer drawdown should be required use investment pathways
Posted: 12/03/20
Dutch pension fund for government and education workers, Stichting Pensioenfonds ABP, has revealed it has provided its first loans through the social housing financing platform that it created last year
Posted: 12/03/20
The Pensions Climate Risk Industry Group (PCRIG) in the UK has launched a public consultation on its guidance for pension fund trustees to assess, manage and report on climate-related risks
Posted: 12/03/20
The Chancellor of the Exchequer, Rishi Sunak, has been criticised by people within the UK pensions industry for a “missed opportunity” to simplify the pensions tax relief system
Posted: 11/03/19
The Swedish Pensions Agency has said there is a need for a private pension product that everyone can use
Posted: 11/03/19
Pension funds should “examine carefully” how their asset managers are approaching environmental, social and governance (ESG) factors in asset allocation and stewardship, according to ShareAction
Posted: 10/03/20
British-based Smart Pension Master Trust has been confirmed as Welplan Pensions Master Trust’s default receiving scheme following last year’s decision to close Welplan
Posted: 10/03/20
Irish managed pension funds lost an average of 5.5 per cent in February, as coronavirus fears hit the market
Posted: 10/03/20
Aon has agreed to purchase Willis Towers Watson for $30bn (£22.9bn) in an all-share deal with a combined equity value of around $80bn (£61bn)
Posted: 09/03/20
The Danish pension fund for teachers and lecturers, MP Pension, has announced it is postponing external meetings due to coronavirus
Posted: 09/03/20
More Norwegian women want to retire earlier than men, according to research by the country’s Centre for Senior Policy
Posted: 09/03/20
A date has been set for the verdict on the case involving Falcon Funds and Swedish pension savers
Posted: 09/03/20
Finnish pension provider, Keva, made a return of €6.4bn in 2019 after costs, equivalent to 12.8 per cent, its best investment year in its history in terms of euros
Posted: 06/03/20
One of Denmark’s largest pension companies, PFA, has reported its construction adviser V2C and construction company WR Enterprise to the police over an alleged fraud attempt
Posted: 06/03/20
Over half (52 per cent) of Dutch employees are only moderately or not well prepared financially for old age, according to Aon Netherlands
Posted: 06/03/20
Sweden’s Pension Group has agreed on a pension increase in 2021, the Ministry of Social Affairs has said
Posted: 05/03/20
Fees are the most important factor when Swedes are deciding on their pension fund choices, according to research by Novus on behalf of Skandia
Posted: 05/03/20
Norges Bank Investment Management (NBIM), which is responsible for Norway’s Government Pension Fund Global, has signed an agreement to acquire a 39.9 per cent interest in a part of the Otemachi Park Building, an office-complex located in Tokyo
Posted: 05/03/20
France’s Additional Public Service Pension Scheme (ERAFP) has joined the alliance of investors committed to carbon neutrality by 2050 – the Net-Zero Asset Owner Alliance
Posted: 05/03/20
Norges Bank Investment Management, which is responsible for Norway’s Government Pension Fund Global, has said that it does not support the UN’s Principles for Responsible Investment’s proposal for outcome-based reporting for investors
Posted: 04/03/20
The French government has survived two no confidence votes allowing it to force through its pension reform bill by decree
Posted: 04/03/20
The Irish Pensions Authority secured convictions against three employers in 2019, out of a total nine prosecutions that were concluded
Posted: 04/03/20
Fujitsu has moved its defined contribution (DC) members in the UK to Willis Towers Watson’s LifeSight master trust
Posted: 04/03/20
Retirees in Finland on an old-age pension who have suffered from disability during their working life struggle twice as often as other retirees on an old-age pension
Posted: 4/03/20
Norges Bank Investment Management (NBIM), which looks after the investments of Norway’s Government Pension Fund Global (GPFG), has called for companies to provide more comparable data on environmental, social and governance (ESG) reporting
Posted: 03/03/20
The impact of coronavirus on financial markets continued to hit Dutch pension schemes hard in February, as funding levels fell by an average of 6 per cent over the month
Posted: 03/03/20
The Pensions Regulator (TPR) has launched a consultation to seek views on changes to the defined benefit (DB) funding code to better manage risks on long-term scheme funding and investment strategy planning.

TPR hopes that the consultation will allow it to create a clearer framework for DB funding and give clarity on how its ‘twin-track’ approach on scheme valuations will work
Posted: 03/03/20
The French government has announced that it is pushing through its pension reform by decree
Posted: 02/03/2020
The incoming Irish government should appoint a Pensions Minister, which is what the electorate want, according to the Irish Association of Pension Funds (IAPF)
Posted: 02/03/2020
The combined earnings of Sweden’s AP funds (one to four) amounted to SEK 236bn in 2019, the highest return so far
Posted: 02/03/2020
The Rolls Royce defined benefit (DB) pension scheme deficit has fallen by £849m to £208m, the group's financial report has shown
Posted: 28/02/20
The average retirement age for those on the old-age pension in Finland in 2019 was 61.5, according to the Finnish Centre for Pensions
Posted: 28/02/20
The winners of the annual Pensions Age Awards were announced last night at a sellout, glittering gala ceremony in London attended by almost 600 people
Posted: 28/02/20
Association of Austrian Occupational Pensionfunds vice president, Christian Böhm, gives an overview of the current situation within the Austrian pension fund sector and why the association wants the government to look at pensions tax relief
Posted: 28/02/20
Iceland’s Lifeyrissjodur verzlunarmanna (The Pension Fund of Commerce) made a return of 18.7 per cent in 2019 (15.6 per cent net real return), it has revealed
Posted: 27/02/20
The gender pension gap will remain in Sweden until the turn of the next century, despite women doing exactly the same work as their male colleagues, according to research by Skandia
Posted: 27/02/20
Norway’s Government Pension Fund Global made a return of 19.9 per cent in 2019, equivalent to NOK 1,692bn
Posted: 27/02/20
The UK's Pensions Ombudsman (TPO) has upheld a misinformation complaint against the Aviva Staff Pension Scheme
Posted: 26/02/20
Industriens Pension has revealed that the cost of administration this year for each member amounts to DKK 24 a month
Posted: 26/02/20
PensionDanmark has said it will be focusing on low costs for customers due to the prospect of “moderate returns” in the coming years, despite reporting a strong return for 2019
Posted: 11/02/20
Danish pension provider, PFA, has warned investors not to panic over the impact of coronavirus on financial markets, as it believes the declines seen are “temporary”
Posted: 25/02/20
Norges Bank Investment Management (NBIM) has revealed that it has received eight applications, all from men, for its top chief executive officer role
Posted: 25/02/20
The European Fund and Asset Management Association (EFAMA) has said that 2019 was a “good year” for the European investment fund industry after a “challenging 2018”
Posted: 25/02/20
Assets under management in Spain’s pension plans remained flat over July, losing €1m and ending the month on €77,268m
Posted: 25/02/20
Dutch fund ABP has invested €250m in Norwegian hydropower, Småkraft
Posted: 24/02/20
Danish pension company PenSam has said that going forward it will measure equity investments against a new climate index, as part of its strategy to support the green transition and reduce its carbon footprint
Posted: 24/02/20
Danish pension provider PenSam made a return of 14.6 per cent before tax on its Fleksion product, which it said is what the majority of its customers invest in
Posted: 24/02/20
The European Insurance and Occupational Pensions Authority (EIOPA) has launched a consultation on the implementation of technical standards for supervisory reporting and cooperation for the pan-European personal pension product (PEPP)
Posted: 24/02/20
The coverage ratio of Dutch pension fund, Pensioenfonds Hoogovens, fell to 107.5 per cent over January, it has revealed
Posted: 21/02/20
More than two fifths (43 per cent) of trustees and pension managers don’t feel equipped to monitor and report on environmental, social and governance (ESG) policy to a high standard, according to new research
Posted: 21/02/20
Sweden’s AP3 fund made a return of SEK 59.5bn in 2019, representing a return of 17.6 per cent after expenses
Posted: 21/02/20
Sweden’s AP4 fund made a return of 21.7 per cent in 2019, equal to SEK 75.2bn, the fund has revealed
Posted: 21/02/20
BAE Systems has agreed to a new deficit recovery plan with The Pensions Regulator after its 31 October 2019 funding valuation revealed a pension deficit of £1.9bn
Posted: 20/02/20
The Finnish financial sector pays earnings-related pension contributions below the national average, according to the Finnish Centre for Pensions (ETK)
Posted: 20/02/20
The Co-operative Pension Scheme (Pace) has completed a £1bn buy-in with the Pensions Insurance Corporation, securing benefits for approximately 7,000 scheme members
Posted: 19/02/20
A report by Aegon has revealed the gender pensions gap that affects countries across Europe
Posted: 19/02/20
Norway’s largest pension provider, KLP, lost NOK 3.5bn (€349m) of pension business in 2019 due municipal reforms in the country
Posted: 19/02/20
A senior DUP MP is “hopeful” that the UK Treasury will be “forthcoming” in funding a pension scheme for victims of the Troubles
Posted: 17/2/20
Nearly half (43 per cent) of Nordic institutional investors are investing in impact strategies, new research has found
Posted: 17/2/20
The UK government plans to launch a consultation on addressing age discrimination identified in the McCloud court case while ensuring members keep all their benefits
Posted: 14/02/20
Public spending on pensions in Ireland is expected to increase by 0.7 per cent of GDP over the decade, according to the OECD
Posted: 14/02/20
Romania’s BT Asset Management S.A.I. (BTAM) and BT Investments have received approval from the country’s Financial Supervisory Authority to acquire 100 per cent of Certinvest Pensii
Posted: 14/02/20
Assets under management (AUM) in cross-border pension plans increased by USD 1.1bn (€1bn) from 2018 to 2019, according to Willis Towers Watson (WTW)
Posted: 13/02/20
Swedish pension provider, Alecta, has delivered its best return in 20 years securing a return of 20.3 per cent for its defined contribution pension product, Alecta Optimal Pension
Posted: 13/02/20
The AIB Group UK Pension Scheme has completed a £1.1bn de-risking transaction with Legal & General (L&G), protecting the benefits of over 1,300 members
Posted: 13/02/20
Ireland's Pensions Authority is adopting a “forward-looking-risk-based approach” to supervision, it has revealed
Posted: 13/02/20
Members of Parliament in the UK have tabled Pension Schemes Bill amendments that include requiring schemes to report their climate change strategies and to introduce a Pension Schemes Commission
Posted: 12/02/20
Irish defined benefit pension liabilities increased by around 10 per cent in 2019 due to lower yields, according to Mercer
Posted: 12/02/20
Mandatory reporting requirements on a company’s sustainability may be the “best solution” over time, Norges Bank Investment Management has stated
Posted: 12/02/20
ABA chair of the board, Dr Georg Thurnes, discusses the challenges facing Germany’s pension system for the decade ahead
Posted: 11/02/20
Spanish insurance company, Caser, has launched three new retirement savings products for savers that are based on age, through its Caser Pensiones arm
Posted: 11/02/20
Swedish buffer fund, AP2, has seen its highest ever return in 2019 with a result of SEK 53bn (€5bn), it has revealed
Posted: 11/02/20
Swedish people have mixed levels of confidence in the country’s premium pension system, according to Skandia
Posted: 11/02/20
AXA UK is to launch a consultation with members of its defined contribution pension scheme on a proposal to close the scheme and transfer to Willis Towers Watson’s Lifesight master trust
Posted: 10/02/20
The UK government is reportedly planning to cut the pension tax relief rate available to high-earning pension savers in its 11 March Budget
Posted: 10/02/20
Global pension assets have seen a “bounce back” rising by 15 per cent in 2019 to USD 46.7trn (€42.6trn), according to Willis Towers Watson’s Thinking Ahead Institute
Posted: 10/02/20
The European Commission’s high-level group of experts on pensions has advocated the use of collective pension plans to ensure risk sharing between members
Posted: 07/02/20
The Swedish Pensions Agency will start its annual mailing campaign of orange envelopes on Monday, 10 February, to 5.9 million pension savers
Posted: 07/02/20
The gender pensions gap amongst European Union (EU) countries narrowed by 4 per cent between 2010 and 2018, according to data from Eurostat
Posted: 07/02/20
Irish managed pension funds made an average return of 0.3 per cent over January, according to Rubicon Investment Consulting
Posted: 07/02/20
Denmark’s largest pension fund, ATP, has revealed it returned DKK 34bn (€4.5bn) in 2019, its “best ever result”
Posted: 06/02/20
Danish pension fund provider, Velliv, made a return of DKK 23bn (€3.1bn) in 2019, its largest return in the company’s 100-year history
Posted: 06/02/20
Danish pension fund for academics, MP Pension, has revealed it is excluding security company G4S from its investments due to “risk of repeated human rights violations”
Posted: 06/02/20
The government in Guernsey has voted in favour of launching a secondary pension system similar to the auto-enrolment (AE) system in the UK
Posted: 06/02/20
Norges Bank has revoked the exclusion of electricity power generator, Drax Group Plc, from the Government Pension Fund Global (GPFG)
Posted: 06/02/20
Global fears surrounding the spread of coronavirus have impacted the funding ratio of Dutch pension funds, according to Aon Netherlands
Posted: 05/02/20
Danish pension fund PFA has said that its student housing project is making progress and will be available from June 2020
Posted: 05/02/20
Pension system architecture within different countries in Europe is a factor of how much income inequality there will be in old age, according to University of Oxford professor, Bernhard Ebbinghaus
Posted: 05/02/20
Dutch pension fund for healthcare, Pensioenfonds Zorg en Welzijn
(PFZW), is to trial a pension fund for the self-employed working in the cultural sector
Posted: 04/02/20
The aggregate defined benefit pension deficit of FTSE 350 companies fell sharply following the UK’s departure from the European Union on 31 January
Posted: 04/02/20
Finland should look to migrant workers in order to support the country’s pension system, according to Finnish Pension Alliance (Tela) managing director, Suvi-Anne Siimes
Posted: 04/02/20
Norges Bank Investment Management (NBIM), which manages the investments of the Government Pension Fund Global (GPFG), supports proposals to shorten the trading hours of the London Stock Exchange (LSE)
Posted: 03/02/20
Dutch pension fund, ABP, is aiming for a climate-neutral investment portfolio by 2050
Posted: 03/02/20
UK Labour MP for East Ham, Stephen Timms, has been named as the new chair of the Work and Pensions Select Committee
Posted: 30/1/20
Ireland’s Labour Party has pledged to keep the country’s state pension age at 66, as it believes older workers and the economy are not ready for longer working lives
Posted: 29/01/20
Swedish defined benefit (DB) pension scheme members, earning under SEK 41,750 a month, that choose to go part time in the run up to retirement can lose up to 8 per cent of their DB pension, according to the Swedish Pensions Agency
Posted: 29/01/20
Lloyds Banking Group pension schemes have agreed a longevity swap deal which covers £10bn of pensioner liabilities
Posted: 29/01/20
Danish pension fund, Industriens Pension, made a return of DKK 20bn (€2.67bn) in 2019, equivalent to a 12 per cent increase
Posted: 28/01/20
France’s Council of State, the country’s highest legal adviser, has raised concerns with the government that it has with the pension reform bill
Posted: 28/01/20
The Department for Work and Pensions (DWP) has confirmed that the UK state pension will be protected by the Withdrawal Agreement in new guidance examining the rights for UK nationals after the UK has left the EU
Posted: 27/1/20
The Irish political party People Before Profit has promised to restore the state pension age back to 65 if it gets into power in the upcoming election
Posted: 27/1/20
The French government’s pension reform bill is today being presented to the Council of Ministers
Posted: 24/01/20
Mitigating risk
BNP Paribas Asset Management’s head of pension solutions, Julien Halfon, discusses equity hedging with Laura Blows

Europe’s pensions challenges
Francesca Fabrizi meets Matti Leppälä, Secretary General and CEO of PensionsEurope, to discuss the key aims and objectives of the association today.