Stocks

Tech sector scheme TrueBlue seeks co-operation or merger

TrueBlue, the €313m pension fund for the Netherlands’ technology sector, is assessing options for co-operation or a merger with other pension funds as it has failed to grow during the past four years. In its annual report for 2017, it said that both its supervisory board (RvT) and its accountability body (VO) had asked for a detailed plan for possible […]

EC reveals full membership of pension expert group

The European Commission has named the individuals who will be joining Matti Leppälä, secretary general of PensionsEurope, as members of the Commission’s high level expert group on pensions. Anne-Sophie Parent, secretary general of Age Platform Europe, and Jeanmart Nicolas, head of the personal insurance, general insurance and macroeconomics department of trade body Insurance Europe, are the two other individuals who […]

UK pension deficits plummet in 2018 as assets earn

Pension deficits at major UK companies have fallen sharply in the first half of this year, but are still susceptible to bond yield shifts, according to a new report. Consultancy Barnett Waddingham estimated the aggregate defined benefit (DB) pension scheme deficit for companies in the FTSE350 index was around £35bn (€38.9bn) on an accounting basis at the end of June […]

UK politicians launch cost transparency inquiry

A committee of UK politicians has opened an inquiry into cost and performance transparency in the country’s pensions market. The Work and Pensions Select Committee – a group of 11 MPs from the UK parliament’s lower house – has drawn together evidence from its recent probes into areas of the pensions market along with in-depth reviews and reports from the […]

German longevity data adds €10bn to Direktzusage liabilities

German companies paying pensions directly from their balance sheets will see their liabilities increase following the publication of updated longevity data. Accrued liabilities for employers with ‘Direktzusage’ arrangements will rise by 1%, according to the data released last month by actuarial consultancy Heubeck. This is despite a recent slowdown in the rate of longevity improvements for German men and women […]