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
Major Austrian pension fund returns 3.4% for 2016
Austrian schemes return nearly 4.2% on average over 2016
Germany, Austria and Switzerland with system debates – but rather different ones
Deal includes distribution agreement with UniCredit covering three major European markets
German industry experts lament loss of British ‘allies’ in EU pensions debate
LAPFF demands that the Financial Reporting Council be wound up and replaced to improve accountability
If too much credence is given to measurements without understanding their limitations, it can create chaos
Also: IASB seeks fix for IAS 19 anomaly; rule changes could prove difficult in Germany
For some in the UK, collective defined contribution (CDC) pensions are a desirable Dutch import that should be applied more widely. Many are sceptical
Risk, like beauty, is in the eye of the beholder. The first half of February surprised markets with a sudden collapse in the value of risky assets followed by a rebound
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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
It will not be the first time that proposed revisions to EU rules affecting finance and pensions get stuck in a logjam between interests groups
Pressure to clean up the financial sector has led to copious legislation from Brussels.
There are plenty of indicators of rising pressure to advance ethical standards across the financial sector. One outcome takes the form of mountains of clean-up legislation, including from Brussels.
Inadequacy of European national court systems in the financial sphere is due for overhaul. Upgrade is necessary if the EU’s capital markets union programme (CMU) is going to get anywhere, according to a high-status paper