Plus: Austrian banking institute and Asian institutional investor searches live on IPE Quest
Only two independent company Pensionskassen are left after a wave of consolidation
IPE explores how the IORP II directive has been implemented across EU member states
Funds hit by equity volatility but long-term average remains over 5%
Investor stipulates compliance with local laws and ESG exclusion list
Swiss investor group and UK foundation join as telecoms company criticised for tax policy
Evangelische Bank co-invests alongside DEG in emerging market banks offering SME funding
Conference panellists wary of Commission’s sustainability agenda bringing additional regulation and costs
Caps to be scrapped by January in line with IORP II reforms
New association of small institutional investors wants to tackle niche ESG topics
But conference panelists wary of overregulation and hidden agendas
Plus: Austrian finance minister promises reform of tax incentives for second pillar
Mercer analysis of pension fund performances over three, five and 10 years
Credit risk and duration management among the top priorities for Austrian pension funds
Insurers also looking to expand sustainable investment allocations
Mercer Austria urges government to reform second pillar to render it more flexible
High equity quota helps boost performance and long-term average returns
Study details economic benefits of people making additional contributions to pension funds
Denmark once again is the world’s best but several systems have seen ratings drop in the past 12 months
Association stands ready to help determine ‘the appropriate methodology to assess the future’
Government proposes powers to adopt EU-led standards beyond the UK’s exit from the bloc
Investors voice support as Kingman review to be enacted by government
The euro’s existential crisis subsided several years ago but it would be wrong to assume it has disappeared. The forces that could undermine its integrity have not vanished.
Continental investors hold nuanced views on Brexit. It is fair to say, however, that they generally see its impact as a negative factor for the UK economy, at least in the short term.
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One of the knottier issues in Brussels at the moment is the future of the European supervisory authorities
At 49, Brian Hayes is young man by political standards. Having started in Irish politics early with his appointment to the Irish Senate in the mid 1990s, Hayes was elected to the Dáil, the lower house, before he was 30, taking a seat for the Fine Gail party.
Lieve Wierinck’s main political passion is ensuring the EU takes full practical advantage of Europe’s excellent scientific base
While he derives some satisfaction from advances in green energy and the like, Sven Giegold is unhappy that most global investment can still be classed as environmentally unsustainable.
Are non-peforming loans an investor’s dream come true? Or do they represent immeasurable risks?
Tensions are rising in Brussels as the EU institutional mandate approaches its end ahead of the Parliamentary elections in May 2019, and the Commission has already ceased issuing new proposals in the absence of legislative time.
The race is on to complete the EU’s flagship Capital Markets Union project before the mandates of the Commission and Parliament elapse next year
Another step by Brussels to ease financing to business across the EU comes with measures to facilitate the cross-border distribution of investment funds
PensionsEurope is concerned about a Brexit ‘no deal’ and is calling for negotiators to pay heed to the €3.54trn sector’s interests
Radical upgrades to the EU’s corporate tax base norms have never been so close to fruition
Europe’s asset management industry is lobbying against any mandatory guaranteed default option in the third-pillar PEPP proposal
As the risk of a no-deal Brexit comes into focus, attention is turning to ways to mitigate the damage across financial services, including asset management and pensions
The EU’s securitisation package has finally passed through the European Parliament and Council. However, the new rules will not be applied until January 2019
The EU’s controversial mandate for a radical shake up of financial supervision has received a cool reception from the pensions sector as well as smaller EU members
International investors in the EU have for decades been suffering from woeful dispute settlement proceedings when involved in cases against public authorities
Discussions over the payment of social costs for workers from central and eastern European countries posted temporarily to wealthier EU countries are playing a major role in the attempt to update existing directives
At first sight, the benefits of the European Commission’s Pan European Personal Pension (PEPP) regulation proposal seem clear. But it did not take long for commentators to point out the considerable hurdles
The European Commission’s “further steps to drive forward the Capital Markets Union (CMU)” outline nine new priority legislative actions to solve the EU’s long-term cross-border investment challenge
Strong words on Brexit are flying in political circles. But behind the theatre, concerns about the future of London’s fund management sector are emerging
In contrast to complaints that Brussels’s legislation burdens the financial sector, the European Commission may be gratified by the positive response to its flagship Capital Markets Union (CMU) programme.