All Country Reports – Page 5
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Country ReportCountry Report – Pensions in Central & Eastern Europe (January 2023)
Poland’s PPK auto-enrolment system marks its fourth anniversary this month. It can hardly be described as a complete success given the participation rate is stuck at just over a third of the working population. Some initial projections foresaw a 70% takeup level. But with assets approaching €2.5bn and rapidly growing, there is a sense that this is a relatively good outcome for a country with no tradition of independent retirement saving and where the previous second pillar system was radically overhauled just a few years ago, leaving ordinary citizens confused and mistrustful.
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Country ReportCentral & Eastern Europe: Poland’s qualified success with auto enrolment
Participation in the PPK auto-enrolment remains stable if relatively low and assets are growing steadily
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Country ReportCentral & Eastern Europe: Kosovo Pensions Trust’s journey to maturity
10% contribution rate is low for the Balkans and changes could be afoot
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Country ReportCentral & Eastern Europe: Tax breaks boost Romania’s pensions
Challenges remain as critics eye poor investment performance
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Country ReportCentral & Eastern Europe: Lithuania’s growing interest in alternatives
Local funds would like to see a more diverse range of domestic investment opportunities, including through more local listings
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Country ReportCentral & Eastern Europe: Will Bulgaria seize the PEPP opportunity?
Bulgaria’s DC pension system should face up to the PEPP
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Country ReportCountry Report – Pensions in the Nordic Region (December 2022)
Nordic pension funds are getting to grips with biodiversity and natural capital in their investment portfolios, seeking to measure both the impact of companies they invest in and ways they can limit adverse effects on nature. Like other investors globally, many are just at the early stages of thinking about this - how they measure biodiversity, which metrics and approaches are gaining acceptance, and how best to report to stakeholders.
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Country ReportNordic region: Investors embrace biodiversity initiatives
Measuring impact remains the biggest challenge
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Country ReportNordic region: Ilmarinen's roadmap for biodiversity change
Ilmarinen believes biodiversity and nature loss must be treated in the same way as climate change in investment activities
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Country ReportNordic region: Danish pension funds on track to fund climate commitments
Denmark’s pension industry is calling for greater clarity from government on the timing of green projects and on the roles of different stakeholders
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Country ReportNordic region: Key features of Iceland's pension success story
The country’s high participation rate partly explains why the pension system is highly rated worldwide
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Country ReportNordic region: Norway's wealth fund reassesses investment strategy
Review recommends great flexibility for its investment managers
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Country ReportNordic region: Interview with Richard Gröttheim, AP's outgoing CEO
Richard Gröttheim, AP7’s outgoing CEO tells Pirkko Juntunen about a pension system that many countries are keen to learn from
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Country ReportCountry Report – Pensions in Switzerland (November 2022)
Our report on Swiss pensions also looks at the growing demand for so-called 1e plans, additional pension vehicles for higher earners. The 1e sector is ripe for consolidation, like the market for multi-employer pensions (Anlagestiftungen), where the federal regulator is concerned about a build-up of complexity and supervisory risks. We also cover the annual survey of the consultancy Complemeta and assess Swiss pension funds’ asset allocation plans.
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Country ReportCountry Report – Pensions in Spain & Portugal (November 2022)
In Spain, the pension sector is giving a cautious thumbs up to workplace pension reform plans, even if they fall short of the industry’s wish list. Top of that list was mandatory auto-enrolment, which won’t now happen. But the planned national so-called Macro-fondo ‘super fund’ has met with general approval. It will be managed by the private sector but supervised by a control committee comprising government, employer and union representatives.
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Country ReportSwitzerland: 1e pension schemes gain traction
First sign of consolidation appears in the market of 1e pension plans
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Country ReportSwitzerland: ESG and pension reforms top the agenda
Martin Roth, president of ASIP, the Swiss pension fund association, tells IPE’s Luigi Serenelli about his outlook for the country’s retirement system
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Country ReportSwitzerland: Good returns in 2021 provide pension buffer in 2022
Deteriorating economic conditions saw Swiss pension funds return on average -10.7% for the year to end-September
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Country ReportSwitzerland: Pension funds edge towards alternative investments
Swiss pension funds are cautiously but decisively taking steps to build a portfolio of alternative investments
