The UK’s FCA alleged CB Payments’ repeated breaches of a voluntary requirement went undiscovered for almost two years.
The aggregate funding ratio for the more than 5,000 British pension plans remained unchanged at 149.4%.
An OECD study concluded that last year’s progress did not bring funds back to year-end 2021 levels.
An OECD report details how rough last year was for global funds, although the U.S. was protected slightly by a strong dollar.
Carl Astorri will lead the A$300 billion pension fund’s UK investment team.
The exercise aims to increase understanding of banks’ and other financial institutions’ behavior in stressed market conditions.
She will succeed Charles Counsell who is stepping down at the end of March.
The Pensions Regulator wants LDI-driven plans to be ready if yields suddenly jump like they did in September.
