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
Pension stakeholders agree new product proposal no old-age retirement strategy
German pensions expert warns against either/or approach to pay-as-you-go and funded systems
Support builds for auto-enrolment and collective bargaining agreements similar to recent German reforms
Even fewer company-operated Pensionskassen remain in Austria
Debate covers future of DB, DC, and hybrid plans in Austria, Germany and the Netherlands at conference in Vienna
Plus: ERAFP awards €4.6bn of European equity mandates
Mercer data also shows strong results for VBV in higher risk category
Next step is to roll out environmental management system fund-wide
Support for signatories to report on how they considered wide range of stakeholders
Plus: Updated good practice guide for pension accounting; SIG faces investigation; FRC names firms under review
Liabilities fell by CHF3.6bn while investment returns added CHF900m.
International Accounting Standards Board wants its work on the controversial rule aligned with research into DC schemes
The rise of blockchain architecture coincides with a period of falling trust in institutions
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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.
Nothing could be clearer. For the financial sector, at least, there is nothing to fear from Brexit. All the UK has to do is to apply to the EU’s rules – the crucial term ‘equivalence’
The European Commission’s project to set up a pension scheme for research and development professionals whose careers take them across EU borders has finally reached its first stages of operation.
The prolongation for 18 months of pension funds’ exemption from posting collateral when trading over-the-counter (OTC) derivatives is leading PensionsEurope to seek clarification.
There is increasing attention in Brussels on company reporting, taxation and offshore financial centres. The G20 and some OECD countries have demanded country-by-country reporting rules for multinational companies with a turnover over €750m
Legislation proposing pan-EU personal pension products (PEPPs) could be tabled in 2017, according to the European Commission
A former director of the European Association of Paritarian Institutions (AEIP) has proposed a new option for occupational pensions that could help the large number of workers whose careers take them across EU internal borders.
Valdis Dombrovskis has assumed responsibility as commissioner in charge of the flagship Capital Markets Union project. But he has also assumed the added complication of the withdrawal of the UK