Latest news and analysis of pensions, asset management, regulation and trends in France from our award-winning journalists.
Fierce opposition from trade unions and a large part of the political spectrum did not manage to stop Emmanuel Macron’s plan to reform the French pension system. The new framework kicks in this month, and the long-term sustainability of public pensions is secure. However, French workers will have to work longer into their lives, and their standard of living will decline.
Pension fund/entity | Assets (€’000)
©IPE Research; See IPE’s Top 1000 Pension Funds for the full ranking
Sources: Pension assets - IPE research; Occupational pension assets as % of GDP - OECD June 2022; Working population, data as of end 2021 - World Bank; Projected old-age dependency ratio 2050 per 100 people - Eurostat 2021; gross average replacement rate - OECD Pensions at a Glance, 2021; Asset Allocation - OECD Pension Funds in Fugures, June 2022
Pension reserve fund estimates a median €1.8bn in extra value creation by 2033
Plans to adopt biodiversity policy this year, and launches social bond fund
Newly-assembled left-wing alliance gets most seats, but no majority, as right-wing grouping comes a surprise third
French financial watchdog warns information about engagement should not be misleading
Reserve fund also announces that CIO Salwa Boussoukaya-Nasr has been appointed to executive board
Company | Assets (€m)
As at 30.6.23, *31.3.23, **31.12.22, ***30.6.22
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The rationale of the reform is simple: the rising life expectancies combined with decreasing birth-rate have accelerated the aging of the French population
Pension reserve fund estimates a median €1.8bn in extra value creation by 2033
Plans to adopt biodiversity policy this year, and launches social bond fund
Newly-assembled left-wing alliance gets most seats, but no majority, as right-wing grouping comes a surprise third
French financial watchdog warns information about engagement should not be misleading
Reserve fund also announces that CIO Salwa Boussoukaya-Nasr has been appointed to executive board
The investors will launch a call for proposals by the end of July
Susanna Rust talks to Catherine Vialonga, CIO of ERAFP, France’s mandatory additional pension scheme for civil servants, and CEO Régis Pelissier about the fund’s priorities and tactical asset allocation adjustments
Executive director decides not to seek a third term, but does not plan to retire
AMF says transition plans under the CSRD ‘hold great significance for investors and stakeholders’
Pension fund also tightens thresholds for thermal coal, unconventional oil & gas