Archive News

The number of cross-border institutions for occupational retirement provision (IORP) schemes in operation in the European Economic Area (EEA) has fallen by more than 50 per cent since 2017.

According to a report by the European Insurance and Occupational Pensions Authority (EIOPA) published today, 3 December, there were 73 active undertakings in 2017, compared to 33 today
Posted: 03/12/21
The European Insurance and Occupational Pensions Authority (EIOPA) has submitted its advice on pension tools to the European Commission (EC)
Posted: 03/12/21
The value for money of unit-linked products is “not satisfactory”, according to European Insurance and Occupational Pensions Authority (EIOPA) executive director, Fausto Parente
Posted: 03/12/21
Those saving for a pension should make contributions of 20-30 per cent of their salary to secure an adequate retirement income, according to PensioPlus secretary-general, Ann Verlinden
Posted: 03/12/21
More than three quarters (76 per cent) of pension investors are keen to increase their environmental, social and governance (ESG) allocations following the pandemic, according to a joint survey by Amundi and Create-Research
Posted: 03/12/21
The latest news in brief and mandates from the past seven days
Posted: 03/12/21
More than a third (38 per cent) of European citizens are not saving for their retirement, Insurance Europe has revealed
Posted: 3/12/21
The Irish government has made various amendments to the Pensions Act, 1990, which the Pensions Authority has published guidance on
Posted: 02/12/21
The Information Commissioner’s Office (ICO) in the UK has issued its largest fine ever in relation to pension cold calling, fining EB Associates Group £140,000 for instigating over 107,000 illegal cold calls
Posted: 02/12/21
The average Dutch funding ratio stabilised at 111 per cent over November, according to Aon Netherlands
Posted: 02/12/21
European defined benefit (DB) pension schemes are in a catch-22 situation, where they are unable to take risks due to persistent deficits but can’t cut deficits without taking risks, research has found
Posted: 02/12/21
Irish defined benefit (DB) trustees undertaking a financial risk assessment of their scheme must be as “objective” as possible, according to the country’s Pensions Regulator, Brendan Kennedy
Posted: 01/12/21
UK bulk annuity market volumes for 2021 are expected to total around £30bn, despite a slower than anticipated start to the year, according to analysis from Barnett Waddingham
Posted: 01/12/21
Ireland’s Pensions Regulator, Brendan Kennedy, has said that if the trustee boards’ own risk assessment (ORA) does not lead to action then there “hasn't really been any point" in doing it
Posted: 01/12/21
The Swedish Pensions Agency will pay SEK 45.4bn into premium pension accounts this weekend as part of the annual deposit of earned premium pension rights
Posted: 01/12/21
Clara-Pensions has become the UK's first defined benefit (DB) superfund to complete The Pensions Regulator’s (TPR) assessment process
Posted: 30/11/21
KLP chief adviser - climate change, Lars Erik Mangset, has set out four barriers that need to be overcome to achieve net zero and limiting global warming to 1.5 degrees Celsius
Posted: 30/11/21
The European Insurance and Occupational Pensions Authority (EIOPA) has published a methodological framework for stress-testing Institutions for Occupational Retirement Provision (IORPs)
Posted: 30/11/21
European Commissioner for financial services, financial stability and the capital markets union (CMU), Mairead McGuinness, has stressed the importance of the CMU in pension systems
Posted: 29/11/21
Two UK pension schemes, the Deloitte Pensions Master Plan (DPMP) and the TPT Defined Benefit (DB) Master Trust, have completed their DB master trust self-certifications
Posted: 29/11/21
The European Commission will be reviewing the fiduciary duties and stewardship of occupational pension schemes as part of its review into the IORP II Directive
Posted: 29/11/21
The High Court has approved the transfer of a £12bn portfolio of annuities from The Prudential Assurance Company, a subsidiary of M&G, to Rothesay Life
Posted: 26/11/21
The latest news in brief and mandates until the past seven days
Posted: 26/11/21
Swedish insurance and occupational pensions association, Insurance Sweden, has set out five elements that it thinks should be achieved to further contribute to overcoming the climate challenge
Posted: 26/11/21
The Fourth Swedish National Pension Fund (AP4) has partnered with Swedish mortgage provider, Hypoteket, to become the anchor investor on a new mortgage fund
Posted: 26/11/21
Pension schemes have been urged to consider the make-up and demographic breakdown of their members after new analysis suggested that the mortality legacy of Covid-19 is likely to far outlast the pandemic itself
Posted: 25/11/21
Norges Bank Investment Management (NBIM), which acts on behalf of the Government Pension Fund Global (GPFG), is to become a member of the Taskforce on Nature-related Financial Disclosures (TNFD)
Posted: 25/11/21
The Netherlands’ Pensioenfonds Metaal & Techniek (PMT) has acquired a Utrecht-based real estate project from Okay Real Estate Group
Posted: 25/11/21
Insurance Europe has welcomed the final endorsement of IFRS 17 by the European Commission, which includes an amendment concerning annual cohorts
Posted: 24/11/21
Denmark’s Ministry of Taxation has published a raw draft of its plans to introduce a special tax on the country’s financial sector to fund the government’s early retirement policy
Posted: 24/11/21
The average time to buyout for FTSE 350 companies’ defined benefit (DB) pension schemes increased by seven months during September and October 2021, according to analysis by Barnett Waddingham
Posted: 24/11/21
Pensioenfonds Detailhandel has allocated €3bn to the credit market in what is its third significant sustainable investment based on the United Nations Sustainable Development Goals (SDGs)
Posted: 24/11/21
Danish couples are being urged to make a marriage contract that includes the splitting of their pensions in the event of divorce
Posted: 23/11/21
ITM and Altus have partnered to deliver the UK pension industry’s first commercial Pensions Dashboards Integrated Service Provider (ISP)
Posted: 23/11/21
Sweden’s AP3 has defended accusations that it has violated the AP Fund Act and United Nations’ (UN) Treaty on the Non-Proliferation of Nuclear Weapons (NPT) by investing in the production of nuclear weapons
Posted: 23/11/21
Pension funds remain the single biggest group of asset owners globally with a 58.1 per cent share, according to the Thinking Ahead Institute (TAI)
Posted: 23/11/21
Global institutional investors have “significantly” raised their net-zero ambitions over the past year, with 67 per cent of all pension schemes now having some form of net-zero commitment in place, compared to 47 per cent last year, industry research has found
Posted: 22/11/21
PensionsEurope has made changes to its board of directors with the appointment of Laure Delahousse and Klaus Stiefermann as vice-chairs
Posted: 22/11/21
More than 90 per cent of advisers in Ireland believe that the rollout of the automatic enrolment pension reform will be delayed, according to Independent Trustee Company (ITC)
Posted: 22/11/21
The Finnish government has confirmed changes to the survivor’s pension, which will be introduced on 1 January 2022
Posted: 22/11/21
The winners of the 10th annual Irish Pensions Awards were announced on Thursday night at the highly anticipated gala dinner at 5* Shelbourne Hotel Dublin
Posted: 19/11/21
Members of the UK's Royal Mail Collective Pension Plan (RMCPP) who choose to save for an additional lump sum payment will receive an extra 1 per cent in employer contributions, its half-year report has revealed
Posted: 19/11/21
The latest news in brief and mandates from the past seven days
Posted: 19/11/21
The Irish Pensions Authority (IPA) has published its Code of Practice for trustees of occupational pension schemes and trust retirement annuity contracts (RACs) following a consultation
Posted: 19/11/21
The total number of Finnish earnings-related pension insurance policies transferred from one pension insurance company to another fell to 4,198 in Q3 2021, according to figures from the Finnish Pension Alliance (Tela)
Posted: 19/11/21
The Reuters Supplementary Pension Scheme has agreed a £310m full-scheme buy-in deal with Legal & General (L&G) Assurance Society
Posted: 18/11/21
Occupational pension provisions have increased in Sweden, while provisions provided by the general pension have declined, the Swedish Pensions Agency (SPA) has found
Posted: 18/11/21
One in 10 Finnish pensioners struggle to meet their everyday expenses, a figure that remains unchanged from 2017, according to the Finnish Centre for Pensions (ETK)
Posted: 18/11/21
Danish pension provider, ATP, has announced plans to increase its members’ pensions by 4 per cent in January 2022
Posted: 18/11/21
Norway’s KLP is to invest USD 25m (NOK 217m) in a new climate fund that focuses on investments in developing countries
Posted: 17/11/21
The UK pension scheme of an unnamed overseas banking group has secured a £17m pensioner buy-in with Just Group
Posted: 17/11/21
The inflow of capital to occupational pensions has increased by 23 per cent during the past year, according to new figures presented by Insurance Sweden
Posted: 17/11/21
Net assets of Sustainable Finance Disclosure Regulation (SFDR) Article 8 funds totalled €3.7trn, which is considerably more than the €340bn assets in Article 9 funds and reveals a market in “full flux”, according to the European Fund and Asset Management Association (EFAMA)
Posted: 17/11/21
Ireland’s Pensions Authority has published a document of frequently asked questions (FAQs) on investment and borrowing for one-member arrangements under the Pensions Act 1990 (the Act), as amended
Posted: 16/11/21
Pensioenfonds ING’s funding ratio decreased to 94.9 per cent at the end of October 2021
Posted: 16/11/21
Danish savers are expected to pay a record amount into their pension pots this year, according to PFA economist, Carsten Holdum
Posted: 16/11/21
Dutch pension manager, APG, has announced two new investment partnerships in Asia in the areas of healthcare and real estate
Posted: 16/11/21
Honda Group-UK Pension Scheme Trustee has appointed Mercer to provide fiduciary management services for their £1.7bn UK pension scheme
Posted: 15/11/21
The Danish Financial Supervisory Authority (FSA) has ordered Danish pension fund PFA to take action following an inspection in relation to money laundering
Posted: 15/11/21
An Irish property developer has been allowed to keep his multi-million-euro pension pot despite being declared bankrupt, following a judgment by the European Court of Justice (CJEU)
Posted: 15/11/21
Denmark’s PKA, for those working in the health sector, is to begin a review of the tax paid by the companies it invests in
Posted: 15/11/21
Only 11 per cent of UK defined contribution (DC) pension schemes offer members a full suite of options to access funds at retirement, despite this delivering the best outcome for members, research from XPS Group has found
Posted: 12/11/21
Pædagogernes Pension (PBU) has set outs its interim climate targets on its journey to net zero by 2050
Posted: 12/11/21
The latest news in brief and mandates from the past seven days
Posted: 12/11/21
Ireland’s Pensions Authority has published information for trustees on the timing of the own-risk assessment (ORA) and the form of the 2021 annual compliance statement (ACS) provided for under the Pensions Act, 1990, as amended (the Act)
Posted: 12/11/21
Institutional investors, including pension funds, are set to drive increased demand for actively managed exchange-traded funds (ETFs), according to Cerulli Associates
Posted: 12/11/21
UK defined benefit (DB) pension schemes have £450bn of inflation-linked liabilities that are unmatched due to a shortage of long-dated index-linked gilts, analysis by Alpha Real Capital has estimated
Posted: 11/11/21
Ireland’s Economic and Social Research Institute (ESRI) has backed a proposal by the Pension Commission to align the state pension age with retirement ages in occupational pension schemes
Posted: 11/11/21
Asset managers are placing greater emphasis on active ownership of their investments and increasingly engaging on ESG issues with the underlying companies in their portfolios, according to a newly released survey conducted by Russell Investments
Posted: 11/11/21
French President, Emmanuel Macron, has revealed that he is not planning to reform the country’s pension system before the next presidential election
Posted: 10/11/21
An unnamed pension scheme of a US-listed medical devices company has completed a £9m full buy-in with Aviva
Posted: 10/11/21
Almost one in three (30 per cent) of pension funds and institutional investors believe their use of environmental, social and governance (ESG) rating agencies will increase ‘dramatically’ over the next three years, new research has found
Posted: 10/11/21
The UK's HM Treasury has published a consultation on the Future Regulatory Framework (FRF) Review
Posted: 10/11/21
European Commissioner for financial services, financial stability and the capital markets union (CMU), Mairead McGuinness, is to give a keynote speech to launch the inaugural European Retirement Week
Posted: 10/11/21
The European Pensions and Property Asset Release Group (EPPARG) has launched a set of high-level standards on home reversion
Posted: 09/11/21
Defined benefit (DB) pension schemes should pay more attention to optimising their inflation hedging strategies due to current volatile inflation rates, according to LCP
Posted: 09/11/21
The Norwegian government has reinforced its commitment to keeping the management of the country’s Government Pension Fund Global (GPFG) with Norges Bank
Posted: 09/11/21
Denmark’s PFA has expanded its property portfolio with the purchase of DKK 1.3bn worth of rental housing and commercial leases in Copenhagen
Posted: 09/11/21
Institutional investors, including pension funds, have doubled their share of mortgage debt in the Netherlands, according to De Nederlandsche Bank (DNB)
Posted: 09/11/21
The Tesco Plc Pension Scheme and the Tesco Retirement Savings Plan have committed to their investments having net-zero carbon emissions by 2050
Posted: 08/11/21
Denmark’s AkademikerPension hit DKK 150bn in assets last Wednesday 3 November, it has revealed
Posted: 08/11/21
Iceland’s Lífeyrissjóður Verzlunarmanna (LV), the pension fund for those working in retail, is to increase members’ earned pension rights and lump-sum payments due to strong returns
Posted: 08/11/21
The French public additional pension scheme (ERAFP) has launched a call for tender to select four managers of USD-denominated SRI credit bonds for €1.2bn investment
Posted: 08/11/21
Finland’s public sector pension provider, Keva, generated a return of 12 per cent in the first nine months of the year, equivalent to €7bn
Posted: 08/11/21
The latest news in brief and mandates from the past seven days
Posted: 05/11/21
PensionsEurope chief economist, Pekka Eskola, on seeking the optimal route to introducing pension dashboards and pension tracking systems in the EU
Posted: 05/11/21
Norwegian pension fund, KLP, made a value-adjusted return of 1.1 per cent in the third quarter of 2021, it has revealed
Posted: 05/11/21
The Danish Financial Supervisory Authority has finalised its executive order on life insurance companies’ health and accident (SUL) insurance businesses, with Insurance and Pension Denmark stating that the regulator has been “responsive” to the industry’s views
Posted: 05/11/21
The UK's Fire Brigades Union (FBU) has issued a letter before claim for Judicial Review proceedings against the government over the use of the cost control mechanism on the Firefighters Pension Scheme (2015)
Posted: 04/11/21
PensionsEurope has confirmed that Insurance and Pension Denmark (I&PD) will become a member on 1 January 2022
Posted: 04/11/21
The European Insurance and Occupational Pensions Authority (EIOPA) has pledged its support to the pensions and insurance industry in tackling climate change
Posted: 04/11/21
Danica Pension is to invest DKK 50bn in ‘green transition’ assets by 2023, bringing its target forward by two years
Posted: 03/11/21
The UK government has faced a defeat on the state pensions triple lock in the House of Lords after peers voted 220 to 178 to support an amendment to retain the earnings link
Posted: 03/11/21
Danish pension fund, PKA, has made a profit of €82m with the sale of its 25 per cent stake in a UK-based offshore wind farm
Posted: 03/11/21
The second Swedish buffer fund, AP2, has invested €50m in a sustainable infrastructure fund for emerging markets known as the Climate Finance Partnership
Posted: 03/11/21
Dutch pension fund, ABP, has been ranked as the most sustainable pension fund in the Netherlands for the fourth year in a row by the Dutch Association of Investors for Sustainable Development (VBDO
Posted: 02/11/21
Nordic and UK pension funds have made a collective financial commitment to invest USD 130bn in clean energy and climate investments by 2030
Posted: 02/11/21
Former Governor of the Bank of England, Mark Carney, is to present a scorecard displaying how well members of the financial community are meeting goals outlined in the net-zero emissions alliance
Posted: 02/11/21
Eighty-four per cent of Sampension customers that choose to change their investment profile opt for one that is higher risk, the provider has revealed
Posted: 02/11/21
The average Dutch pension funding ratio increased by 2 percentage points to 112 per cent, according to Aon Netherlands’ monthly pension thermometer
Posted: 02/11/21
Danica Pension’s premiums have increased by 39 per cent in the first nine months of 2021, rising from DKK 22,167m to DKK 30,828m
Posted: 02/11/21
The aggregate surplus of defined benefit (DB) pension schemes in the UK increased by £10bn in October to £30bn, according to the PwC Pension Funding Index
Posted: 01/11/21
The Civil Service Pension Fund of the Canton of Neuchâtel has changed its logo and unveiled a new website in an update to its visual identity, whilst announcing positive results
Posted: 01/11/21
A record number of Danish people are checking the value of their pension pots, according to Insurance and Pension Denmark (I&PD)
Posted: 01/11/21
Ireland’s Pensions Regulator, Brendan Kennedy, explains why the consolidation
of Ireland’s 150,000 pension schemes is a priority for the Pensions Authority
Posted: 01/11/21
Finnish earnings-related pension provider, Ilmarinen, has set a goal to become carbon neutral by 2035
Posted: 01/11/21
Finnish pension provider, Varma, has reported returns of 13.5 per cent from January to September 2021, equal to €6.7bn in returns
Posted: 29/10/21
The latest news in brief and mandates from the past seven days
Posted: 29/10/21
Tobacco has the potential to become a stranded asset as it displays “similar characteristics” to coal, according to National Employment Savings Trust (Nest) chief investment officer, Mark Fawcett
Posted: 29/10/21
Divesting from tobacco is complementary to achieving net zero, according to Tobacco Free Portfolios director, Dr Bronwyn King
Posted: 29/10/21
There is still “much work” to be done for the UK pensions industry to assess and adapt to climate-related risks and opportunities, The Pensions Regulator (TPR) has warned
Posted: 28/10/21
Stichting Pensioenfonds PostNL’s funding ratio increased to 123.8 per cent at the end of September up from 122.7 per cent at the end of June, it has revealed
Posted: 28/10/21
PensionsEurope has welcomed the European Commission’s (EC) roadmap on a new European Union (EU) system for the avoidance of double taxation and prevention of tax abuse in the area of withholding taxes (WHT)
Posted: 28/10/21
Finnish earnings-related pension provider, Elo, has generated a return of 9.4 per cent in the first three quarters of 2021, it has revealed
Posted: 28/10/21
The UK government has confirmed that it will consult on further changes to the regulatory charge cap for pension schemes in an effort to unlock institutional investment to drive innovation
Posted: 27/10/21
Denmark’s Sampension has made an approx. DKK 1bn investment in forests in the southeastern states of the USA
Posted: 27/10/21
Insurance and Pension Denmark (I&PD) has praised the introduction of the new accounting standard, International Financial Reporting Standards (IFRS) 17, which will be used by listed companies in the European Union (EU)
Posted: 27/10/21
Insurance and Pension Denmark (I&PD) has blasted the Danish Social Liberal Party, known as Radikale Venstre in Danish, for its plans to bring forward a ‘green tax’ on pensions
Posted: 27/10/21
Dutch pension fund ABP has announced its intention to divest from €15bn worth of fossil fuel investments, with the majority of divestments expected to be complete by the first quarter of 2023
Posted: 26/10/21
Over half (57 per cent) of pension scheme trustees struggle with a lack of consistent data and inability to make comparisons, while 72 per cent require better environmental, social and governance (ESG) and carbon data, research from CACEIS has found
Posted: 26/10/21
The Dutch pension fund for those who work in government and education, ABP, has made a return of 1.1 per cent in the third quarter of 2021
Posted: 26/10/21
Finland’s Ministry of Social Affairs and Health has set the earnings-related pension index at 2691 for 2022
Posted: 26/10/21
The UK's Financial Conduct Authority (FCA) has finalised the rules for its Long-term Asset Fund (LTAF) framework in an effort to encourage greater investment in long-term illiquid assets and generate better returns for pension savers
Posted: 25/10/21
The European Supervisory Authorities (ESAs) have sent a report to the European Commission detailing the draft regulatory technical standards (RTS) in relation to disclosures under the Sustainable Finance Disclosure Regulation (SFDR)
Posted: 25/10/21
The Dutch Pensions Ombudsman, Henriëtte de Lange, has called on pension providers in the Netherlands to resolve the unfairness for those that are unable to work
Posted: 25/10/21
PensionsEurope has asked the European Commissioner, Mairead McGuiness, for an extension of the equivalence given to UK central clearing counterparties (CCPs) for European Pension Scheme Arrangements (PSAs)
Posted: 25/10/21
Around 39 per cent of UK defined contribution (DC) pension schemes do not include environmental, social and governance (ESG) factors in the design of their default investment strategies, research from LCP has found
Posted: 22/10/21
Sweden’s income pension and supplementary pension are set to increase by 2.5 per cent in January 2022, the Swedish Pensions Agency has revealed
Posted: 22/10/21
The latest news in brief and mandates from the past seven days
Posted: 22/10/21
Cardano Group has agreed to acquire Dutch asset management firm, ACTIAM, from Athora Netherlands N.V. for an undisclosed fee
Posted: 21/10/21
The winners of the 14th annual European Pensions Awards were announced last night at the highly anticipated annual gala dinner at the prestigious London Marriott Hotel Grosvenor Square
Posted: 21/10/21
Norway’s Government Pension Fund Global (GPFG) made a return of 0.1 per cent in the third quarter of 2021, Norges Bank Investment Management (NBIM) has revealed
Posted: 21/10/21
The average pension transfer time has continued to slow in Q3 2021, with both overall and simple transfers recording an increase in the average transfer time over this period, according to figures from the Origo Transfer Index (OTI)
Posted: 20/10/21
Investors involved in Climate Action 100+ have set out actions the electric utilities sector needs to take to decarbonise in line with the International Energy Agency (IEA) net zero by 2050 scenario
Posted: 20/10/21
Over half (53 per cent) of investors believe that institutional investors will look to ‘dramatically increase’ the diversification of their portfolios over the next two years, according to Nickel Digital Asset Management
Posted: 20/10/21
The Pensions Ombudsman (TPO) in the UK has issued guidance on best practice for communicating with pension scheme members to help the industry avoid ombudsman investigations
Posted: 19/10/21
Iceland’s pension system has taken the top spot on a global pension index in its first year of inclusion, knocking the Netherlands from first place
Posted: 19/10/21
The French public service additional pension scheme (ERAFP) has published its interim climate targets for 2025, as it aims to make its investment portfolio carbon neutral by 2050
Posted: 19/10/21
Less than a third (30 per cent) of UK pension professionals believe that pensions dashboards will provide useful and comprehensive information to the majority of consumers by 2025
Posted: 18/10/21
Danish pension company, PKA, has sold a 51 per cent share in the environmental company Genan to Maj Invest Equity
Posted: 18/10/21
Ireland’s Pensions Authority has published information for trustees on their outsourcing notification obligations
Posted: 18/10/21
Increases to welfare payments and tax bands announced in the 2022 Irish Budget will, on average, compensate households for increased energy costs, according to new research from the Economic and Social Research Institute (ESRI)
Posted: 15/10/21
Aside from Covid-19, climate change is the single greatest global economic challenge today, according to European Insurance and Occupational Pensions Authority (EIPOA) chair, Petra Hielkema
Posted: 15/10/21
The Task Force on Climate-related Financial Disclosures (TCFD) has warned that "significant work" remains to be done to 'mainstream' the consideration of climate-related issues in financial decision-making, despite growing global support
Posted: 15/10/21
The UK is “walking into a pension crisis” due to the inadequate amount of money going into long-term savings, incoming Pensions and Lifetime Savings Association (PLSA) chair, Emma Douglas, has warned
Posted: 14/10/21
Danish pension fund Sampension has returned 16.4 per cent to its high-risk investment customers in the first three quarters of 2021, and 14.7 per cent to those with moderate risk investments, marking itself out as the second highest returner in market this year
Posted: 14/10/21
The Economic Councils has published the Autumn Sage report, which revealed that long-term portfolio durability had dipped
Posted: 14/10/21
Danish pension and insurance companies have adopted a common set of measuring principles to help reduce carbon emissions from their investments
Posted: 14/10/21
ABP, the pension fund for government and education sector employees in the Netherlands, has invested €160m in the European Union’s (EU) first ever green bond programme
Posted: 13/10/21
Denmark's Forsikring & Pension (F&P) has joined European pension fund association, PensionsEurope
Posted: 13/10/21
The Swedish Pensions Agency (SPA) has launched an inquiry into the country’s pension system, following criticisms that suggested Swedish pensions were inadequate for some savers
Posted: 13/10/21
The Sanofi Pension Scheme has agreed a £760m (€645m) buy-in deal with Legal & General (L&G), securing benefits for approximately 2,900 retirees
Posted: 12/10/21
Three Danish companies have chosen Sampension as their pension provider, totalling approximately 350 employees across the country
Posted: 12/10/21
Portugal, Estonia, and Sweden were amongst the top 10 countries predicted to have the oldest retirees over the next 3 decades, a new study from Our Life Plan has found
Posted: 12/10/21
Willis Towers Watson (WTW) and German financial intelligence innovator, Qontigo, have launched new climate transition indices, the STOXX WTW Climate Transition Indices (CTI), which aim to help companies manage risk and capture climate opportunities
Posted: 11/10/21
Swedish graduates could be required to save an additional SEK 1,800 a month throughout their career in order to obtain their desired pension sum, a new study by Skandia has found
Posted: 11/10/21
Around £2trn of UK pension scheme money is not aligned with the Paris Climate Agreement, with 71 out of 100 major UK pension schemes yet to make robust net-zero emissions commitments, according to research from Make My Money Matter (MMMM)
Posted: 11/10/21
Sweden’s AP7 has been successful in a class action against Chinese company, Luckin Coffee, in which it acted as co-lead plaintiff
Posted: 08/10/21
The HSBC Bank (UK) Pension Scheme has committed to achieving net-zero greenhouse gas emissions across its £36bn of defined benefit (DB) and open defined contribution (DC) assets by 2050
Posted: 08/10/21
The latest news in brief and mandates from the past seven days
Posted: 08/10/21
Ireland’s Pension Commission has recommended increasing the country’s state pension age gradually to 68 by 2039
Posted: 08/10/21
The UK government should expedite auto-enrolment reforms to help address the ongoing national labour shortage, PensionBee has urged
Posted: 07/10/21
The European Insurance and Occupational Pensions Authority (EIOPA) has published two supervisory notes, with the first on improved supervision of pension costs and charges and the second on defined contribution (DC) risk management
Posted: 07/10/21
The risk appetite of pension schemes and other institutional investors is expected to increase over the next two years, according to research from Nickel Digital Asset Management
Posted: 06/10/21
AkademikerPension has joined other Danish pension funds in committing DKK 2.5bn to AIP Infrastructure II, AIP’s latest fund focusing on energy transition investments in Europe and North America
Posted: 06/10/21
Forty-six per cent of Irish citizens with a pension do not know how much it will provide them in retirement, according to Aviva Life and Pensions Ireland
Posted: 06/10/21
Just 14 per cent of Swiss pension funds take environmental, social and governance (ESG) risks into account when making investment decisions, according to Mercer
Posted: 06/10/21
Norges Bank Investment Management (NBIM) has excluded a further four companies from the Government Pension Fund Global (GPFG)
Posted: 05/10/21
Danish financial services group, Alm. Brand has entered into a conditional agreement to sell its pension business, Alm. Brand Liv og Pension to Nordic I&P for DKK 1.1m
Posted: 05/10/21
Irish pension funds are lagging funds in other countries when it comes to taking into account environmental, social and governance (ESG) issues in investment decisions
Posted: 05/10/21
The average funding ratio of Dutch pension schemes increased to 110 per cent over September, up from 109 per cent in August, according to Aon Netherlands
Posted: 04/10/21
The Metal Box Pension Scheme has secured a £2.2bn pension insurance buy-in with the Pension Insurance Corporation (PIC), securing the benefits for its 10,3000 pensioners and 2,200 non-pensioner members, with a move to buyout expected in November 2021
Posted: 04/10/21
Consultancy firm, Projective Group has acquired the Dutch management consultancy, Mastermind, for an undisclosed amount
Posted: 04/10/21
Two European pension funds have joined together to purchase Sinotrans New Zealand Limited’s (Sinotrans NZ) shareholding in Wenita Forest Products Limited (Wenita)
Posted: 01/10/21
Industry experts have cautioned Dutch pension schemes to use engagement "wisely", arguing that it should not be used as an excuse to remain invested in certain companies despite a lack of progress on climate issues
Posted: 1/10/21
The aggregate surplus of defined benefit (DB) pension schemes in the UK remained at £20bn in September, according to the PwC Pension Funding Index
Posted: 01/10/21
The latest mandates and news in brief from the past seven days
Posted: 01/10/21
The UK government should use the "major opportunity" of COP26 to show global leadership and work to build international consensus on the role of pension schemes in tackling climate change, according to the Work and Pensions Committee (WPC)
Posted: 30/09/21
La Française Real Estate Managers (REM) has concluded the Vente en l'état futur d'achèvement (VEFA) acquisition of the senior services residence, Le Pavillion Victoria in Aix-Les Bains, on behalf of Danish pension fund, PFA
Posted: 30/09/21
German institutional investors are favouring alternative assets over stocks, according to Mercer
Posted: 30/09/21
Industriens Pension is purchasing a new commercial building, Byporten, which marks the western entrance to the city of Aarhus, Denmark
Posted: 30/09/21
Around 220 global financial institutions, including European pension schemes and asset managers, have called on 1,600 of the world’s highest impact companies to “urgently” set science-based emissions reduction targets ahead of COP26
Posted: 29/9/21
There is still CZK 8.4m left unclaimed in the abolished second pension pillar in the Czech Republic, according to The Association of Pension Companies of the Czech Republic (APS)
Posted: 29/9/21
Forsikring & Pension has welcomed the news from Danish Prime Minister, Mette Frederiksen, that the government is making progress with its climate roadmap
Posted: 29/9/21
The UK's Pension Protection Fund (PPF) has launched a consultation on levy rules for 2022/23, with a strong funding position and stable levy rules resulting in a £105m fall in the levy estimate to £415m
Posted: 28/7/21
RPMI, the investment manager for the UK's Railways Pension Scheme, has rebranded to Railpen following several years of transition
Posted: 28/9/21
Danish pension company AP Pension has committed to having 10 per cent of its portfolio invested in the transition to a greener economy in 2023, it has revealed
Posted: 28/9/21
Danish academics are increasingly choosing to work later in life, according to research from AkademikerPension, which found that the average retirement age had increased by two years over the past 12 years
Posted: 28/9/21
The results of the further investigation into the data breach at Dutch pension administrator Blue Sky Group (BSG) have been revealed, showing that retirees and those that have made a transfer were affected.

According to Pensioenfonds SNS Reaal, whose executive organisation is BSG, members that were receiving their pension or had made a value transfer had “almost certainly” had their personal data leaked
Posted: 27/9/21
Sweden's KPA Pension has announced plans to expand its ownership interest in Heimstaden Bostad AB, a private residential property company, following the company’s acquisition of Akelius’ homes in Sweden, Germany and Denmark
Posted: 27/9/21
Forsikring & Pension has called on the Danish parliament to abolish current rules around spousal set off when they meet for negotiations in the coming days
Posted: 27/9/21
The market value of occupational UK pension funds decreased slightly from £2.39trn to £2.36trn in the first quarter of 2021, according to quarterly estimates from the Office for National Statistics (ONS)
Posted: 24/9/21
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Posted: 24/9/21
PensionsEurope and the European Association of Paritarian Institutions (AEIP) have welcomed the European Insurance and Occupational Pensions Authority’s (EIOPA) consultation on the methodological framework for stress-testing IORPs
Posted: 24/9/21
State fund model proposals from German political parties are “well intentioned” but have many weaknesses and remain incomplete, according to Germany’s Arbeitsgemeinschaft für betriebliche Altersversorgung (ABA)
Posted: 22/9/21
New solvency regulation proposals from the European Commission will be a “straitjacket” for investment and could damage Danish savers’ pension saving returns, according to Forsikring & Pension (F&P)
Posted: 23/9/21
Dutch pension fund APG has invested a total of €360m in new green sovereign bonds on behalf of its members
Posted: 23/9/21
The Netherlands' Pensioen Federatie has appointed Ger Jaarsma as its new chairman, confirming that he will take over from José Meijer, who has held the interim chairmanship for a year and a half
Posted: 22/9/21
Transparency International (TI) Sweden and six Swedish investors, including pension funds, have launched a new forum to help address corruption and lack of compliance
Posted: 22/9/21
Calls for a long-term reform plan to address potential future financial challenges facing Finnish earnings-related pensions have been backed by the Finish Pension Alliance (Tela)
Posted: 22/9/21
Asset management cost growth of 16.9 per cent outpaced average Dutch pension asset growth of 12.9 per cent in 2020, according to a report from LCP
Posted: 21/9/2021
The UK's Taskforce on Pension Scheme Voting Implementation has published a report outlining its recommended changes to help tackle issues faced by trustees implementing their own voting policies
Posted: 21/9/21
The Finnish pension system efficiently alleviates poverty and provides a reasonable income for pensioners, although reforms may be needed to address a potential financing challenge in future, industry research has found
Posted: 21/9/21
The Paris Aligned Investment Initiative Net Zero Asset Owner Commitment has welcomed 12 new asset owners to the group, bringing the total number of signatories to 40
Posted: 20/9/21
Pensioenfonds Hoogovens has reported that its current funding ratio increased from 118.3 per cent to 120.5 per cent in August, continuing a year of consistent improvement
Posted: 20/9/21
Danes’ average pension wealth after tax has "never been greater", increasing by nearly a third (30 per cent) from around DKK 462,000 in 2015 to DKK 592,000 in 2020, figures from Statistics Denmark have shown
Posted: 20/9/21
PensionsEurope has stressed the importance of leaving stakeholders sufficient time to respond to public consultations in its own response to a consultation on the due diligence procedures of the European Financial Reporting Advisory Group (EFRAG)
Posted: 17/9/21
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Posted: 17/9/21
A total of 229,790 people in Denmark took an early retirement in Q2 2021, the highest number in almost three years, figures from Statistics Denmark have revealed
Posted: 17/9/21
A total of 587 investors representing over USD 46trn in assets have signed a statement calling on governments around the world to raise ambition and accelerate action to tackle the climate crisis
Posted: 16/9/21
Pensioenfonds PostNL’s policy funding ratio increased to 115.5 per cent in August, rising from 114.1 per cent as higher interest rates had a positive effect
Posted: 16/9/21
Finnish earnings-related pension providers’ solvency ratio increased to 133.8 per cent in Q2 2021, according to the Financial Supervisory Authority (FSA)
Posted: 16/9/21
The shortlist for this year’s Irish Pensions Awards has been published, showcasing the very best of the Irish pensions industry
Posted: 15/9/21
Danish pension investments in alternative asset classes has passed DKK 500bn and now make up 14 per cent of the sector’s overall assets, according to Danmarks Nationalbank
Posted: 15/9/21
Forsikring & Pension has called on the Danish government to draft and implement an economic roadmap for the country’s green transition
Posted: 15/9/21
Iceland has remained the top ranking country in terms of retirement security, according to the Natixis Investment Management 2021 Global Retirement Index, with all of the top seven countries' rankings remaining unchanged
Posted: 14/9/21
The development of an EU-wide pension dashboard is a political rather than a technical task, according to Germany’s Arbeitsgemeinschaft für betriebliche Altersversorgung (ABA)
Posted: 14/9/21
The total pension liabilities of municipalities and regions in Sweden rose by SEK 4bn year-on-year to reach SEK 486bn in 2020, a report from Skandia has revealed
Posted: 14/9/21
The total assets of the six largest Finnish earnings-related pension providers totalled €230.5bn at the end of June 2021
Posted: 13/09/21
Nearly two-fifths (37 per cent) of people retiring this year are concerned they will not have enough money to fund their retirement, although 39 per cent of those planning to retire feel “very confident” that they are financially ready, according to research from Abrdn
Posted: 13/09/21
More than £1trn held by UK institutional investors is exposed to significant climate risk, according to a report from LCP
Posted: 10/09/21
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Posted: 10/10/21
An Austrian man has been arrested for keeping his dead mother in the basement of his home so he could continue receiving her pension
Posted: 10/09/21
Morrisons’ net defined benefit (DB) pension scheme accounting surplus increased by £181m to £897m in the first half of 2021, its interim results report has revealed
Posted: 09/09/21
The Danish pension and insurance sectors have adopted common and clear measurements for CO2 emissions following the creation of the government’s climate partnerships, Insurance and Pension Denmark has revealed
Posted: 09/09/21
Dutch pension asset manager, APG, has launched a sustainable index in partnership with BlackRock and Qontigo
Posted: 09/09/21
The Netherlands’ APG Group has acquired a 16.7 per cent stake in a US fibre broadband company on behalf of its Dutch pension fund clients
Posted: 08/09/21
Irish multi-asset pension funds made an average return of 2 per cent in August, according to Rubicon Investment Consulting
Posted: 08/09/21
Danica Pension has secured a new five-year contract with Pensions for Selvstændige, a non-profit fund for self-employed people in Denmark
Posted: 08/09/21
The British government has confirmed plans to remove the earnings link element from the state pension triple lock for 2022/23, after the impact of Covid-19 resulted in the measure becoming “skewed and distorted”
Posted: 08/09/21
Sweden’s AP2 has detailed its work on sustainability in the first half of the year, which includes investments in sustainable infrastructure and signing up to net zero, among others
Posted: 07/09/21
The European Fund and Asset Management Association (EFAMA) is in support of extending the EU Taxonomy ‘beyond green’ but has stressed that a black-list based approach must be avoided
Posted: 07/09/21
Petra Hielkema has begun her new role as chairperson of the European Insurance and Occupational Pensions Authority (EIOPA)
Posted: 07/09/21
The Financial Reporting Council (FRC) has published a list of successful signatories to the UK Stewardship Code, with a third of applicants missing out
Posted: 06/09/21
Celebrating excellence within the pensions industry for another year, the Pensions Age Awards 2022 is now open to entries for all UK pension schemes and provider firms serving pension schemes in the UK
Posted: 06/09/21
The assets under management (AUM) of the world’s top 300 pension funds increased by 11.5 per cent to total of USD 21.7trn in 2020, according to the annual research conducted by the Thinking Ahead Institute
Posted: 06/09/21
Norges Bank has excluded three companies from the Government Pension Fund Global (GPFG) due to the unacceptable risk that the companies contribute to systematic violations of individuals’ rights in situations of war or conflict
Posted: 03/09/21
Sweden’s AP3 has invested USD 500m through Three Tree Holding LLC (Three Tree) in eastern Texas timberland
Posted: 03/09/21
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Posted: 03/09/21
Pension schemes are being urged to ensure their internal processes and controls are in order due to cyber risks
Posted: 03/09/21
The aggregate funding position of the UK’s defined benefit (DB) pension schemes remained “relatively stable” over August, with PwC’s Pension Funding Index recording an aggregate surplus of £20bn
Posted: 02/09/21
It is ‘absolutely crucial’ for the Danish pensions industry to continue being able to bundle together pension and insurance products, according to Insurance and Pension Denmark
Posted: 02/09/21
Ireland’s Pensions Authority has published information for trustees on the annual compliance statement (ACS) that is provided for under the Pensions Act, 1990, as amended (the Act)
Posted: 02/09/21
The average funding ratio of Dutch pension funds climbed to 109 per cent in August, up from 108 per cent in July
Posted: 02/09/21
The Financial Conduct Authority (FCA) will conduct a review before the end of the year regarding its guidance for how firms calculate redress for unsuitable defined benefit (DB) pension transfers
Posted: 01/09/21
Half (50 per cent) of UK over-50s who planned to retire abroad are reconsidering due to Brexit concerns, up from 46 per cent in 2020, according to research from Canada Life
Posted: 01/09/21
Denmark’s ATP Group had a record return of 17.9 per cent in the first half of 2021, it has revealed
Posted: 01/09/21
Norges Bank Investment Management (NBIM) has said it does not agree that companies’ strategic plans related to climate change should be subject to shareholder approval
Posted: 31/8/21
A fifth of Swedish people who continued to work once they had started to retire did so because they felt their pension was too low and they needed the money, according to a study by the Swedish Pensions Agency (SPA)
Posted: 31/8/21
The board of Norwegian pension fund KLP has approved a roadmap to reach net-zero emissions by 2050, outlining how the fund will assess each investment to ensure its emission path is compatible with a 1.5 degree target
Posted: 31/8/21
Sweden’s AP3 has generated a return of 11.4 per cent, after expenses, equal to SEK 48,133m in the first six months of 2021, it has revealed
Posted: 27/08/21
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Posted: 27/08/21
Finnish earnings-related pension provider, Elo, generated a return of 7.8 per cent in the first half of 2021, equating to €2,007.5m
Posted: 27/08/21
Sweden’s Second AP Fund made a return of 10.2 per cent in the first half of 2021, after expenses, its best half-year result ever.

At the end of the first half, the fund’s profit amounted to SEK 39.2bn and the fund’s assets stood at SEK 421.2bn
Posted: 27/08/21
Consolidation of the 150,000 Irish pension schemes is “fundamental” to improving the Irish pension system, according to the Pensions Regulator, Brendan Kennedy
Posted: 26/08/21
The Romanian government has announced it is to hire 1,000 temporary public sector workers to help digitise pension files
Posted: 26/08/21
Danish pension fund, PKA, has invested DKK 100m in the sustainable battery producer, Morrow
Posted: 26/08/21
Pensioenfonds PostNL’s policy funding ratio increased to 114.1 per cent over the month of July, it has revealed
Posted: 26/08/21
Swedish pension company, Alecta, is reportedly cutting its holdings of stocks and bonds due to rising inflation fears
Posted: 25/08/21
The Pensions Regulator (TPR) in the UK has confirmed that it will not be proceeding with plans to limit pension schemes’ investments in unregulated assets to 20 per cent
Posted: 25/08/21
Belgium’s Prime Minister, Alexander De Croo, is reportedly considering reforming the country’s first pillar pension system to set a minimum pension level of €1,500 but to be eligible, citizens must have worked for 20 years over their lifetime
Posted: 25/08/21
Sweden’s new income pension supplement, which will be paid to those on a low old-age pension, will also be paid to eligible persons living in European Union / European Economic Area countries and Switzerland
Posted: 25/08/21
Norway’s KLP generated a return of NOK 7.2bn in the first half of 2021, it has revealed
Posted: 24/08/21
Denmark's Sampension has generated returns of up to 14 per cent for some of its customers in the first half of 2021, it has revealed
Posted: 24/08/21
Insurance Sweden (Svensk Försäkring) has put pressure on Sweden’s Ministry of Finance to ask the European Commission to exempt occupational pension schemes from anti-money laundering rules
Posted: 24/08/21`
HM Treasury has been urged to consider a new way of flexing the rate of public service pension increases to reflect economic growth, following its consultation on proposed changes to the public service cost control mechanism and discount rate methodology
Posted: 23/08/21
PensionDanmark has announced it is financing the construction of two new building projects in Denmark
Posted: 23/08/21
An expert group appointed by Norway’s Ministry of Finance to review how climate change may affect the Government Pension Fund Global (GPFG) has increased pressure on the government to set out a net-zero target for the sovereign wealth fund
Posted: 23/08/21
The Information Commissioner’s Office (ICO) in the UK has fined Halifax-based Parkin Beacher Ltd (PBL), which also operates under the trading name Your Pension Options, £50,000 for making illegal marketing calls to people about their pensions
Posted: 20/08/21
The Social Housing Pension Scheme (SHPS) has reached a recovery plan agreement after it registered an improvement in funding level from 75 per cent to 77 per cent in its 2020 actuarial valuation, according to TPT Retirement Solutions
Posted: 20/08/21
The Finnish Centre for Pensions’ (ETK) new international services department has seen growing demand since its launch at the beginning of the year
Posted: 20/08/21
Insurance and Pension Denmark has called for the country’s government to create a national plan on climate adaptation
Posted: 19/08/21
Pensioenfonds ING, the pension fund for employees of Dutch multinational banking group ING, has seen its average real funding ratio climb to 94.8 per cent at the end of July
Posted: 19/08/21
UK pension schemes could see “endless potential” for allocation to venture capital and growth equity if they can shift their focus from the US to look at homegrown opportunities in the UK, Octopus Group co-founder, Chris Hulatt, has said
Posted: 18/08/21
Norway’s Government Pension Fund Global (GPFG) made a return of 9.4 per cent in the first half of 2021
Posted: 18/08/21
Norges Bank Investment Management (NBIM), which is responsible for the investments of the Government Pension Fund Global (GPFG) has set out its biodiversity expectations for companies
Posted: 18/08/21
Finnish people estimate their longevity based on their parents’ lifespan, which influences their choice on taking a partial old-age pension, according to the Finnish Centre for Pensions (ETK)
Posted: 18/08/21
The Department for Work and Pensions (DWP) has published a factsheet on the impact of guaranteed minimum pension (GMP) indexation changes, with user testing of the updated communications so far “in the main, positive”
Posted: 17/08/21
The average Dutch future defined contribution pension benefits increased by 7 per cent, according to the latest analysis from Aon
Posted: 17/08/21
The transfer of €2,000bn of assets from the current Dutch pension system to the new system raises “insurmountable legal problems” according to Professor Hans van Meerten
Posted: 17/08/21
Phoenix Group has completed a further £998m buy-in with the Pearl Pension Scheme.
Posted: 16/08/21
Icelandic pension fund assets have increased by 7.3 per cent in nominal terms over the first half of 2021, the Icelandic Pension Funds Association has revealed
Posted: 16/08/21
Santander's defined benefit (DB) pension scheme surplus increased by around £839m over the first six months of 2021 to £932m, up from £93m in December 2020
Posted: 13/08/21
Finland has been ranked as the best country in Europe for retirement for a second year running, a report by Blacktower Financial Management Group has found
Posted: 13/08/21
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Posted: 13/08/21
Higher pension asset management charges do not result in higher returns in the Danish pension system, the country’s Competition and Consumer Authority has found
Posted: 12/08/21
Pension funds and other institutional investors are more likely to start developing their own index strategies in-house over the next few years, according to a report from SIGTech
Posted: 12/08/21
Forty per cent of young Finnish adults are worried about their future pension income, according to a survey by earnings-related pension provider Elo
Posted: 12/08/21
Norges Bank Investment Management (NBIM), which is responsible for the investments of the Government Pension Fund Global, has criticised the “robustness” of two current methods for measuring the impact of climate risk in an investment portfolio
Posted: 11/08/21
Finnish earnings-related pension provider, Ilmarinen, made an 8.9 per cent return, equating to €4.7bn, in the first half of 2021
Posted: 11/08/21
The Danish pension fund for academics, P +, made a return of 8.7 per cent on its P+ Balance portfolio in the second quarter of 2021, it has revealed
Posted: 11/08/21
Germany’s Raisin Pension has fallen victim to hackers, its parent company Raisin DS has confirmed
Posted: 10/08/21
The aggregate surplus of defined benefit (DB) pension schemes protected by the Pension Protection Fund (PPF) has decreased by £36.6bn to £62.4bn in July, according to the PPF 7800 Index
Posted: 10/08/21
Institutional investors, including pension funds, have been given a “stark reminder” that action on climate change must be taken sooner rather than later, after international research warned of "unprecedented" and "irreversible" changes to the climate
Posted: 10/08/21
Danish pension provider PFA’s climate-friendly pension offering is more popular with men than women, new data has revealed
Posted: 10/08/21
Just over two-thirds (67 per cent) of pension savers think information about fees is complex and difficult to locate, according to research from PensionBee
Posted: 09/08/21
APG Asset Management, a subsidiary of pension administrator, APG, has written to the Prime Minister of Korea warning him against building new coal power plants
Posted: 09/08/21
Two Norwegian trade unions are suing cruise operator Hurtigruten over historic pension payments
Posted: 09/08/21
Irish multi-asset pension funds made an average return of 1.1 per cent over the month of July, according to Rubicon Investment Consulting
Posted: 06/08/21
New regulations on crypto assets in Germany will “open the gates” for pension funds to invest in the asset class, it has been suggested
Posted: 06/08/21
The Financial Reporting Council (FRC) has levied a £13m fine and further sanctions against KPMG following a referral from The Pensions Regulator (TPR)
Posted: 06/08/21
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Posted: 06/08/21
A group of 34 economists and academics have signed a letter urging the Norwegian government and parliament to sign up the country’s Government Pension Fund Global (GPFG) to a net-zero goal
Posted: 05/08/21
Sweden’s AP4 has detailed its work in the area of corporate governance during the first half of 2021, in which has voted in almost 1,000 general meetings in total
Posted: 05/08/21
Denmark’s AkademikerPension made a return of 5.69 per cent as at 30 June, it has revealed
Posted: 05/08/21
The University of Cambridge and the University of Oxford, and their respective University College Union (UCU) branches, have called for the consideration of a new scheme design for the University Superannuation Scheme (USS) "as quickly as possible"
Posted: 04/08/21
More institutional investors are looking to outsource aspects of the investment process due to increased regulation and complexity, according to Mercer Germany
Posted: 04/08/21
Swedish pension provider Länsförsäkringar is to switch up three of its pension investment funds to more sustainable options
Posted: 04/08/21
The funding position of BP’s defined benefit (DB) schemes swung from a deficit of £935m at the end of 2020 to a surplus of £1.4bn, as of 30 June 2021, its second-quarter results report has revealed
Posted: 03/08/21
PensionsEurope supports the proposal to amend the IFRS Foundation Constitution, which would enable the creation of a new sustainability standards board under the governance of the foundation
Posted: 03/08/21
The average Dutch funding ratio fell to 108 per cent over July, according to the latest pensions thermometer from Aon
Posted: 03/08/21
Several European pension funds have joined a group of global investors calling for consistency on corporate net-zero alignment plans and director accountability on climate targets
Posted: 02/08/21
The shortlist for the 2021 European Pensions Awards has been revealed
Posted: 02/08/21
Swedish pension company, AMF, made a total return of 8.5 per cent in the first half of 2021, with its solvency ratio standing at 217 per cent
Posted: 02/08/2021
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Posted: 30/07/21
The funding ratio of Dutch pension fund, PMT, for those working in the metal industry, reported a coverage ratio of 101.5 per cent at the end of the second quarter of 2021
Posted: 30/07/21
The Dutch pension fund ABP has invested in Swedish energy giant, Stockholm Exergi (SE), taking a 20.5 per cent stake
Posted: 30/07/21
The Pensions Authority has successfully prosecuted a company director for failing to pay employee pension contributions into the Construction Workers Pension Scheme
Posted: 30/07/21
Sweden’s KPA Pension made a 7.2 per cent return in the first half of 2021, it has reported
Posted: 29/07/21
The British American Tobacco UK Pension Fund has completed a second buy-in with Pension Insurance Corporation (PIC), insuring a further £400m of pension liabilities
Posted: 29/07/21
The Svea Court of Appeal in Stockholm has sentenced representatives of disgraced pension provider Allra to imprisonment and to pay damages of approximately SEK 170m, with interest
Posted: 29/07/21
Many women in Austria currently face a large gap between the end of their working life and receiving their old-age pension, a new study has found
Posted: 29/07/21
The amount of Aegon’s workplace default fund assets in environmental, social and governance (ESG) strategies has passed £10bn, with the firm stating that its commitment to net zero has “strengthened”
Posted: 28/07/21
Two-thirds of Danish savers’ pension assets are invested abroad, according to Insurance and Pension Denmark
Posted: 28/07/21
The financial position of Dutch pension schemes improved in the second quarter of 2021, according to De Nederlandsche Bank (DNB)
Posted: 28/07/21
The Dutch Pensions Ombudsman has said it is “worrying” that 14 of the country’s pension funds do not provide “clear” information on their website for those that are incapacitated and unable to work
Posted: 27/07/21
There are around 350 professional trustees that are looking after £400bn in pension scheme money in the UK, analysis from LCP has found
Posted: 27/07/21
Dutch pension fund Pensioenfonds Zorg en Welzijn (PFZW) has been given the highest ranking for customer service by the Gouden Oor Standard
Posted: 27/07/21
Aon and Willis Towers Watson (WTW) have agreed to terminate their proposed USD 30bn merger following an “impasse” with the US Department of Justice
Posted: 26/07/21
Due to overwhelming demand, the deadline for entering the European Pensions Awards has been extended to 6 August 2021
Posted: 26/07/21
Danica Pension has achieved a profit before tax of DKK 1,018m in the first half of 2021, up from DKK 892m in the same period last year
Posted: 26/07/21
The Pensions Ombudsman (TPO) in the UK closed 4,853 overall pension complaints in 2020/21 despite the impact of Covid-19, representing a 6 per cent year-on-year increase, according to its Annual Reports and Accounts 2020/21
Posted: 23/07/21
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Posted: 23/07/21
European defined contribution (DC) scheme pension assets are expected to pass the €10trn mark by 2030, up from €4trn at the beginning of 2020, according to research by Indefi
Posted: 23/07/21
Institutional investors have an “increased appetite” for indexed fixed-income strategies across a multitude of themes such as environmental, social and governance, according to State Street Global Advisers (SSGA)
Posted: 22/07/21
The Pensions Authority in Ireland has published a draft code of practice in relation to the newly introduced regulations since the transposition of the European Union’s IORP II Directive
Posted: 22/07/21
The Netherlands’ largest pension fund, ABP, has reported that its funding ratio has increased by approximately 4 per cent in the second quarter of 2021
Posted: 22/07/21
Using collective defined contribution (CDC) schemes to improve outcomes for defined contribution (DC) savers is a “long shot”, according to LCP partner and head of DC, Laura Myers
Posted: 21/07/21
Nordea Asset Management‘s inflow was impacted by a €3.7bn outflow in relation to its divestment of Nordea Life & Pensions Denmark in 2018
Posted: 21/07/21
Sweden’s Första AP-fonden’s (AP1) made a return of 11 per cent before expenses in the first half of 2021, it has reported
Posted: 21/07/21
The Danish Financial Supervisory Authority (FSA) has ordered six life insurance and pension companies to revise their risk assessment on money laundering
Posted: 20/07/21
The two most discussed forms of pensions tax relief changes would hit high earners hard and not significantly improve the retirement income of lower and median earners in the UK, the Pensions and Lifetime Savings Association (PLSA) has warned
Posted: 20/07/21
Norges Bank Investment Management (NBIM), which is responsible for the investments of the Government Pension Fund Global, has acquired 11 logistics properties in Germany through its partnership with Prologis
Posted: 20/07/21
The UK's Pensions Regulator (TPR) and Pension Protection Fund (PPF) have been asked to clarify the circumstances in which pension savers can receive compensation, in a letter from Work and Pensions Committee (WPC) chair, Stephen Timms
Posted: 19/07/21
Spain is pushing ahead with planned pension reforms, which includes paying workers to postpone their retirement, according to reports
Posted: 19/07/21
Denmark’s Industriens Pension made a return of 8.2 per cent for its total portfolio across all age groups in the first half of 2021, equating to DKK 16.3bn
Posted: 19/07/21
The winners of the 2021 Pensions Age Awards were announced last night at an exceptional gala dinner on London’s Park Lane
Posted: 16/07/21
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Posted: 16/07/21
Swedish pension company Alecta’s defined contribution option had a return of 12.4 per cent in the first half of 2021, it has revealed
Posted: 16/07/21
Less than half (40 per cent) of defined benefit (DB) pension scheme trustees believe that their schemes' environmental, social and governance (ESG) policy reflects their preferred approach to sustainable investment, according to research from XPS Pensions Group
Posted: 15/07/21
The average pension funding ratio of the top Swiss companies decreased by 1 per cent between 2019 and 2020, according to Willis Towers Watson
Posted: 15/07/21
PensionsEurope has praised the clear link the European Union’s (EU) proposal for the Corporate Sustainable Reporting Directive (CSRD) has with the Sustainable Finance Disclosure Regulation
Posted: 15/07/21
The Net Zero Asset Managers initiative is at a “tipping point” in the investment industry, as 41 new signatories have committed to a net-zero goal
Posted: 14/0721
The European Insurance and Occupational Pensions Authority (EIOPA) has launched two consultations seeking views on the development of pension tracking services (PTS), and on pensions dashboards and pensions data
Posted: 14/7/21
The coverage ratio of Pensioenfonds SNS Reaal decreased from 111.7 per cent to 111.5 per cent in 2020, which it attributed to the sharp fall in interest rates
Posted: 14/7/21
The Board of Directors of the Association of the Luxembourg Fund Industry (Alfi) has confirmed its appointments to the organisation’s Executive Committee
Posted: 14/7/21
Increasing employment-based immigration to improve the employment rate and strengthen pension financing is supported in full or to some degree by 52 per cent of Finns, according to research from the Finnish Centre for Pensions
Posted: 13/7/21
The Fourth Swedish National Pension Fund (AP4) achieved a return of 9.9 per cent after costs in the first half of 2021, with its fund capital having climbed by SEK 40.4bn to SEK 489.8bn
Posted: 13/7/21
Phoenix Group has announced that it has agreed to sell Ark Life Assurance Company to Irish Life Group for €230m
Posted: 13/7/21
The European Commission (EC) has approved Aon’s planned USD 30bn acquisition of Willis Towers Watson (WTW), conditional on the former’s compliance with divestment measures
Posted: 12/7/21
The total number of Finnish earnings-related pension insurance policies transferred from one pension insurance company to another increased to 5,268 in Q2 2021, according to figures from the Finnish Pension Alliance (Tela)
Posted: 12/7/2021
Swedish pension company, KPA Pension, has increased its holdings in properties and alternative investments
Posted: 12/7/21
The latest news in brief and mandates from the past seven days
Posted: 9/7/21
Dutch pension fund, ABP, has announced plans to adopt a new governance model from 1 January 2022, with work on staffing the new management model to be undertaken “in the coming months”
Posted: 9/7/21
The Dutch Minister of Social Affairs and Employment, Wouter Koolmees, has confirmed that the Pension Distribution Act in the event of divorce has been postponed until 1 July 2022
Posted: 9/7/21
The European Commission (EC) has published its new Sustainable Finance Strategy, which includes several proposals that will impact the pensions industry
Posted: 8/7/21
Swedish pension company, Skandia, has announced plans to increase its green investments as it becomes the first Swedish company to join the Danish public-private Climate Investment Coalition (CIC)
Posted: 8/7/21
Danica Pension has achieved returns of up to 13.1 per cent in the first six months of the year
Posted: 8/7/21
European Economic Area (EEA) Institutions for Occupational Retirement Provisions (IORPs) hold a total €2.5trn of assets, according to a new report from the European Insurance and Occupational Pensions Authority (EIOPA)
Posted: 7/7/21
Forsikring and Pension (Insurance and Pension Denmark) has outlined six proposals designed to support greater investment in the Danish green transition, and particularly in Power to X (PtX) work
Posted: 7/6/21
The board of the Dutch Pension Federation has nominated Ger Jaarsma to be the new chairman of the organisation
Posted: 7/7/21
Norwegian pension fund, KLP, has divested NOK 275m from 16 companies with connections to Israeli settlements in the West Bank
Posted: 6/7/21
Sweden's Skandia has invested SEK 1.5bn in P Capital Partners Transition Partner Fund, a new credit fund with a focus on sustainability
Posted: 6/7/21
Irish multi-asset pension funds had an average return of 2.8 per cent in June, according to the Rubicon Multi-Asset Pension Fund Survey
Posted: 6/7/21
Standard Life Aberdeen has completed the change of its company name to Abrdn
Posted: 5/7/21
The average Finnish monthly pension in 2020 was €1,762, with men receiving around €400 more than women, according to the Finnish Centre for Pensions (ETK)
Posted: 5/7/21
Norges Bank has announced plans to lift exclusions on three companies and terminate observation of four further companies, following recommendations from the Council of Ethics and Norges Bank Investment Management (NBIM)
Posted: 5/7/21
The latest news in brief and mandates from the past seven days
Posted: 2/7/21
The Swedish Pensions Agency has submitted a lawsuit to the Stockholm District Court against UBS Third Party Management Company, part of Swiss bank UBS
Posted: 2/7/21
The average Dutch pension funding ratio rose from 109 per cent to 110 per cent in June, representing an increase of around 10 percentage points since the start of the year, according to Aon Netherlands
Posted: 2/7/21
Less than three quarters (70 per cent) of Finnish savers who retired in 2021 enquired about the level of their old-age pension more than a few months in advance of retirement, according to Elo
Posted: 1/7/21
A consortium led by Dutch pension fund APG has acquired a 50 per cent co-controlling stake in Stockholm Exergi from Fortum
Posted: 1/7/21
Danish pension scheme, PKA, has announced plans to invest in Scandinavia's first private fund for social impact investments, the Social Capital Fund
Posted: 1/7/21
Prince Charles has called for "real action" from the UK pensions industry to address the climate emergency, highlighting the essential role that pension schemes can play in driving the "urgent and substantial change required"
Posted: 30/6/21
Almost nine out of ten (88 per cent) Dutch pension scheme members know little or nothing about the Pension Agreement and what kind of scheme they now have as the nation approaches pension reform, according to Montae & Partners
Posted: 30/6/21
Dutch pension fund, ABP, has defended its responsible investment decisions following a report that concluded it had missed out on 'billions of dollars' in returns by not selling its fossil fuel investments and investing in renewable energy sooner
Posted: 30/6/21
Finland’s Financial Supervisory Authority (FSA) has warned that some pension companies’ efforts to confirm self-employed customers’ earnings are not in accordance with the nation’s Entrepreneur's Pension Act (YEL)
Posted: 29/6/21
Finnish pension company, Elo, achieved an investment return of 3.9 per cent in Q1 2021, equal to €996.4m, despite the impact of the Covid-19 pandemic
Posted: 29/6/21
Swedish gig economy workers are “often lacking” an occupational pension, with around three in 10 continuously saving for a pension during their life compared to six in 10 among the rest of the population, according to the Swedish Pensions Agency
Posted: 29/6/21
Pensioenfonds SNS Reaal has reported that its funding ratio fell by 0.2 percentage points in May, dropping to 114.5 per cent
Posted: 28/6/21
Dutch pension fund, ABP, has announced plans to implement a more sustainable investment policy in 2022, amid protests from members and activists over its current holdings
Posted: 28/6/21
Danish cooperative pension company, AP Pension, has announced that it will be entering into a pension partnership with Denmark’s fifth largest bank, Spar Nord
Posted: 28/6/21
The latest news in brief and mandates from the past seven days
Posted: 25/6/21
The Danish Financial Supervisory Authority (FSA) has published an executive order that sets the framework for collaboration on investigations in the fight against financial fraud
Posted: 25/6/21
Finland’s public sector pension provider, Keva, has stepped up its engagement with companies in an effort to increase environmental reporting, confirming plans to take part in the CDP’s Non-Disclosure Campaign for a fourth year
Posted: 25/6/21
The Covenant for International Socially Responsible Investing (IMVB) made good progress in 2020 despite the impact of the Covid-19 pandemic, according to the Dutch Pension Federation
Posted: 24/6/21
The UK government has launched a consultation on proposed changes to the cost control mechanism in public sector pension schemes, alongside a second consultation on the discount rate methodology used for public service pensions
Posted: 24/6/21
The European Insurance and Occupational Pensions Authority (EIOPA) has launched a public consultation on the methodological framework for stress-testing Institution for Occupational Retirement Provision (IORPs)
Posted: 24/6/21
The Givaudan UK Pension Plan has completed a £64m bulk annuity transaction with Aviva, insuring the defined benefit (DB) pension liabilities for 277 of its members
Posted: 23/06/21
The next German federal government should refrain from providing additional pension benefits, according to the Munich-based research institute, ifo Institute.
Posted: 23/06/21
Norwegian pension fund, KLP, has divested NOK 9m from Adani Ports and Special Economic Zone Limited on the basis of the company's connection to Myanmar's military, which breaches the fund's responsible investment policy
Posted: 23/06/21
Eighty-four per cent of European pension funds believe that the price of nickel will increase over the long term, as the demand for lithium-ion batteries and the rollout of electric vehicles intensifies
Posted: 23/06/21
Swedish insurance and occupational pensions association, Svensk Försäkring, is to become a member of PensionsEurope on 1 January 2022
Posted: 22/06/21
The UK's Financial Conduct Authority (FCA) has launched a consultation on proposals to introduce the use of Taskforce on Climate-related Financial Disclosures (TCFD) requirements for asset managers, life insurers, and FCA-regulated pension providers
Posted: 22/06/21
Danish pension provider P+ has said it is “seeking dialogue” with companies in its portfolio that have a relationship with the new military regime in Myanmar
Posted: 22/06/21
The UK government has issued a consultation seeking views on the barriers and opportunities for increased consolidation amongst defined contribution (DC) schemes with between £100m and £5bn in assets
Posted: 21/06/21
The USD 85bn United Nations Joint Staff Pension Fund (UNJSPF) has set new climate targets to reduce its investment-induced greenhouse gas emissions by 29 per cent in 2021
Posted: 21/06/21
A number of sustainable investment funds in Luxembourg and Switzerland have been accused of greenwashing by Greenpeace
Posted: 21/06/21
PensionsEurope has welcomed the alignment of reporting standards for pension funds by the European Central Bank (ECB) and European Insurance and Occupational Pensions Authority (EIOPA)
Posted: 21/06/21
Aviva has entered a partnership with the World Wide Fund for Nature (WWF) to call on Westminster to require UK-regulated financial institutions to develop credible net-zero plans
Posted: 18/06/21
The latest news in brief and mandates from the past seven days
Posted: 18/06/21
Approximately 264,000 Swedish pensioners are earning an income alongside their state pension, according to the Swedish Pensions Agency
Posted: 18/06/21
Lægernes Pension has the most satisfied pension customers in Denmark, according to a survey by EPSI Rating Denmark
Posted: 17/06/21
Norway’s KLP is collaborating with independent research organisation, SINTEF, to finance innovative and sustainable companies
Posted: 17/06/21
The US Department of Justice (DoJ) has filed a civil antitrust lawsuit to block Aon’s proposed $30bn (£21.5bn) acquisition of Willis Towers Watson (WTW)
Posted: 17/06/21
The Association of Consulting Actuaries (ACA) has raised concerns that HMRC’s initiative to improve tax advice could inadvertently damage the pension advice market
Posted: 16/06/21
A human rights activist has accused the Norwegian Government Pension Fund Global (GPFG) of investing in companies that use child labour and has demanded that they divest
Posted: 16/06/21
Danish pension provider, ATP, has increased its investment in Northvolt, which supplies sustainable electric batteries to the automotive industry, among others
Posted: 16/06/21
Phoenix Group has discontinued talks regarding the potential sale of its European businesses, Phoenix Europe
Posted: 15/06/21
A group of nine European associations has announced the launch of European Retirement Week, which will take place during the week of 29 November 2021
Posted: 15/06/21
Eighty-four per cent of European institutional investors are starting to adopt thematic approaches in their portfolios, according to a survey by Vontobel asset management
Posted: 15/06/21
Around nine in 10 defined contribution (DC) savers do not understand the importance of having a net-zero aligned pension, with one in four savers never having even heard the term before, according to research from Legal & General Investment Management (LGIM)
Posted: 14/06/21
The average investment return of the Finnish earnings-related pension system in 2020 was 4.8 per cent, according to the Finnish Centre for Pensions (ETK)
Posted: 14/06/21
Norges Bank Investment Management, which is responsible for the investments of the country’s Government Pension Fund Global, has welcomed the efforts by the China Securities Regulatory Commission (CRSC) to enhance Chinese company reporting
Posted: 14/06/21
The UK's Court of Appeal has ruled that drinks company Britvic can switch the inflation index measure used for its defined benefit (DB) pension scheme, the Britvic Pension Plan (BPP), away from the Retail Prices Index (RPI)
Posted: 11/06/21
A former Italian Minister of Pensions and Gender Equality, Elsa Fornero, has called out for more policies in Italy to promote gender equality in retirement
Posted: 11/06/21
The European Insurance and Occupational Pensions Authority (EIOPA) will increase its focus on pensions this year, according to its executive director, Fausto Parente
Posted: 11/06/21
Eighty-five per cent of European pension funds expect the price of precious and industrials to increase over the next 12 months, according to research by NTree International Ltd
Posted: 10/06/21
It is expected that 13 pan-European personal pension product (PEPP) providers will launch products on the first day they are able to, according to European Insurance and Occupational Pensions Authority (EIOPA) executive director, Fausto Parente
Posted: 10/06/21
An average return of 2.01 per cent was achieved in the first quarter (Q1) of 2021 by Austria’s occupational pension funds, according to analysis by Mercer
Posted: 10/06/21
Financial security in retirement is the biggest financial concern among employees, according to Zurich global head of life business insights and governance, Stefan Kröpfi
Posted: 10/06/21
PensionsEurope has launched its pensions programme that it co-produced with ITN Productions Industry News
Posted: 09/06/21
Several institutional investors are among a group of 50 global investors, representing more than USD 4.5trn in assets under management, to have become signatories to the Investor Statement on Facial Recognition
Posted: 09/06/21
Irish multi-asset pension funds made an average return of 0.3 per cent in May, according to Rubicon Investment Consulting
Posted: 09/06/21
The pension sector will play an “Important role” in addressing the challenges posed by an ageing society, according to European Commission vice-president for democracy and demograophy, Dubravka Šuica
Posted: 09/06/21
The Pensions Authority in Ireland remains concerned by the level of investment risk taken by Irish defined benefit schemes
Posted: 09/06/21
PensionsEurope has highlighted the lack of pension expertise of the board of supervisors at the European Insurance and Occupational Pensions Authority (EIOPA)
Posted: 08/06/21
Insurance and Pension Denmark has criticised the country’s Financial Supervisory Authority (FSA) on the tightening of money laundering rules that impact pension funds
Posted: 08/06/21
One of Europe’s largest pension funds, ABP, has joined the Paris Aligned Asset Owners group, along with several other investors
Posted: 08/06/21
The Swedish Pensions Agency has undertaken a review of state pension applications and as a result, has prevented future incorrect payments totalling SEK 35m
Posted: 08/06/21
Seda Peksevim Pension Researcher/PhD Candidate, Bogazici University, Turkey, discusses why emerging market countries should consider additional options to auto-enrolment
Posted: 07/06/21
Nest will now be able to offer a "robust and efficient" bulk transfers solution for UK employers, following an update to its employer proposition
Posted: 07/06/21
Two Dutch pension companies, MN and PGGM have announced they are going to collaborate in the field of IT
Posted: 07/06/21
The Swedish government should apply the same legal requirements on sustainability to all of the AP funds, according to the country’s National Audit Office (NAO)
Posted: 07/06/21
The UK's Financial Conduct Authority (FCA) has outlined its expectations on requirements for workplace personal pension scheme providers to publish costs and charges data, with plans to provide further clarity on value for money via a policy statement in the summer
Posted: 04/06/21
The Finnish employee pension sector increased its investment risk in the first quarter of 2021, according to the country’s financial regulator, the Finnish Financial Supervisory Authority (FIN-FSA)
Posted: 04/06/21
French President Emmanuel Macron has said his previous plans to reform the country’s pension system will not go ahead as “originally envisaged”
Posted: 04/06/21
Strathclyde Pension Fund (SPF) will seek to end investment in fossil fuel companies that fail to meet its standards for reducing greenhouse gas emissions
Posted: 03/06/21
The average Dutch pension funding ratio has stabilised at 109 per cent, according to Aon Netherlands
Posted: 03/06/21
Podcast: The benefits of private equity in pension fund portfolios
The outbreak of the Covid-19 pandemic, in which stock markets have seen increased volatility, combined with global low interest rates has led to alternative asset classes rising in popularity. Private equity is one of the top runners in this category, and for good reason.

In this podcast, Munich Private Equity Partners Managing Director, Christopher Bär, chats to European Pensions Editor, Natalie Tuck, about the benefits private equity investments can bring to pension fund portfolios and the best approach to take.

Podcast - The power of three: Using Common Contractual Funds to improve tax outcomes for investors
Large asset owners are still investing in equities in a way where they are taxed on their income. The implication is that they get a poorer return. They need to, and can, improve this, but how?

In this podcast, AMX Head of Client and Manager Development, Aaron Overy, and AMX Product Tax Specialist, Kevin Duggan, discuss with European Pensions Editor, Natalie Tuck, about three options to help ensure good withholding tax outcomes for institutional investors.
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.