Law dismantling second pillar to be published by mid-year
Investment furthered Slovenian group’s expansion and market share
System is nevertheless deemed sustainable by Financial Supervision Commission
Pension fund association president says increased real assets exposure will help maintain returns in the future
Bond-weighted funds underwhelm, while equity funds exceed 9%
Alternative plan for total nationalisation resurfaces
Investment in corporate bonds, equities rises while deposits share declines
Statement calms stock exchange after earlier sell-off
Two of country’s biggest pensions are backing Birdeye Capital’s second timber fund
Three-year returns shrivel due to earlier stock market losses
Higher equity weightings generate superior results
Consolidation predicted to reduce market to 30
Pannónia Pension Fund acquires 10% stake in MKB, one of Hungary’s biggest banks
Tuleva aims to offer lower management fees based on purely passive investment options
Second-pillar fund assets exceed €2.5bn mark by end of June
All mandatory funds produce positive results
Bond funds outperform equity counterparts this year
Monies to be transferred to third pillar, Demographic Reserve Fund
Baltic second-pillar pension funds face common challenges in a low-return environment, such as searching for yield and illiquid opportunities in a challenging regulatory environment
The election of a new government has added an element of uncertainty to pension reform
Political uncertainty means Romanian pension funds will have to wait for clarity on an increase in the second-pillar pension contribution rate
Krystyna Krzyzak reportson the latest reforms to Poland’s second-pillar pensions system
UK actuarial association issues ‘Risk Alert’ on climate change
Poll of pension scheme sponsors finds average discount rate has hit negative level after inflation
Regulator criticised for lack of transparency over negotiations with two oil and gas companies
The travails of defined benefit pension schemes and insurers are well known as they seek to meet liabilities made in previous decades in today’s ultra-low-rate environment
The current vogue for optimism about the prospects for the developed economies is overdone. There may be a slight cyclical upturn but its significance is limited
Registered users are entitled to the first digital issue of IPE with the compliments of the IPE.com team.
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
Legislative moves to support the EU’s European Fund for Strategic Investments (EFSI) are being rushed through Brussels. But, so far, evidence of any torrent of fund movement by the institutional investment sector across EU frontiers has yet to emerge.
Conflict continues to simmer over the issue of passport rights for non-EU-domiciled hedge funds across the EU
It is a case of tackling one challenge after another in the Capital Markets Union (CMU). According to the European Commission, the present morass of different national insolvency rules creates a barrier to the flow of capital across the EU.
IORP II may have cleared the European Parliament’s committee stage but amendments tabled to the second directive covering occupational pensions since 2003 are so radical that it would be unwise to forecast its future.
Dismally low returns on EU pension fund investments over 15 years? The allegation comes in a study by Better Finance, the European Federation of Investors & Financial Services Users. The report, Pensions Savings: The Real Return, points to excessive fees, points to other charges, and badly framed taxation rules, as the culprits.
Brussels’ financial focus is on aggressive corporate tax planning and the related question of tax havens. This concerns the hedge fund ‘passport’ rights to do business across the EU and compliance of the offshore jurisdictions where they are domiciled to EU norms.
The process of making pensions policy in Brussels between now and end of the year resembles two juggernauts moving towards each other
The lack of demand rather than supply for both credit and capital is a common criticism from investors of the EU’s capital market union (CMU) programme