Also: JP Morgan and BlackRock partner for ESG indices; Amundi launches leveraged loan fund
The restoration of Danish links with India suggest post-Brexit trade deals for the UK will not be straightforward
Various investors are prepping or considering impact-oriented investments
Plus: Trade body links with careers group for diversity push; La Banque Postale’s SRI pledge; more managers sign LGPS code
Responsible investment charter reflects and ‘amplifies’ ongoing practice for €20bn portfolio
Also: Metzler sets up dedicated pensions arm; La Française acquires Inflection Point; Schroders opens fintech incubator
IFC and Amundi launch fund to coax developing market companies into green bond issuance
Invested reserves generated returns of €1.5bn
Survey shows public is favourable towards more egalitarian system
Impact investing tender to feature in busy year for mandates for FRR
Pensions to become greater focus with key reforms in the pipeline
Plus: ‘Value for money’ tool for funds; Aberdeen private fund launch, stewardship questions over Carillion
Board also agrees new investment to support local and citizen-led renewable energy initiatives
Plus: Franklin Templeton buys Edinburgh Partners, Tikehau backs venture capital firm
AXA IM and Amundi appointed to run assets to help meet payments to social security system
European Commission on investor duties; AXA IM climate policy; Climate Action 100+ challenged
High level events in Paris galvanise flurry of climate-change-related announcements
Plus: Southern Europeans lauch investor network, UK government backs social impact, green finance
Plus: ERAFP tenders out €2bn currency hedging mandate
Plus: IIGCC, Brunel Pension Partnership, ICGN, Ethos, Aon
French pension schemes are up in arms over plans for a decree they say imposes harmful constraints on how they manage their assets. Susanna Rust reports
Gail Moss writes that French pension providers are looking to diversify their asset allocation to counter political and economic uncertainty
Appointing an overlay manager is the corollary of a new strategic asset allocation at the €9.8bn French public sector scheme. Susanna Rust reports
Ongoing independent oversight needed, says federal body
FRC says its voluntary levy on pension funds and insurers could increase over the next three years
Former Legal & General chairman Sir John Kingman will lead review of FRC’s governance, conflicts of interest and accountability
£3bn wiped off DB scheme shortfall after an update to its discount rate model
Plus: IASB framework reintroduces prudence; FRC hits back at criticism
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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
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.