New mandates to replace those put in place for LDI strategy after 2010 pensions reform
New strategic asset allocation from December places more weight on equities, credit, real assets
Dutch pension managers buy €967m, while ERAFP and Ircantec join big French crowd
Mandates are part of €600m allocation to domestic private debt
French reserve fund appoints new ESG managers while civil service fund adds climate change researchers
Measures set out in white paper on boosting retirement saving in France
FRR awards €300m mandate for investment in SMEs’ acquisition-financing
Pension fund targeting vital, public EU infrastructure and unlisted ‘mid-market’ companies
France’s FRR looking for providers to carry out environmental footprint of portfolios
Strategist backs basket of stocks with significantly underfunded pension schemes to outperform
Ministerial order creating ‘fonds de retraite professionelle supplémentaire’ still to come
Engaging with tobacco companies won’t work, says FRR
In many OECD countries, civil servant replacement rates 20 percentage points higher than in private sector
France’s €25bn civil service pension scheme pledges ‘more forceful’ follow-up
UniCredit enters ‘exclusive’ talks with French asset manager
Deal includes distribution agreement with UniCredit covering three major European markets
Industry association targets 10 measures to make French market more attractive
Geopolitical tensions look set to be felt across Europe in 2017. Daniel Ben-Ami and Carlo Svaluto Moreolo outline some of the most important
ERAFP, FRR support project to measure portfolio exposure to physical impacts of climate change
Pension reserve fund launches tender for up to €200m in segregated mandates
French supplementary pension funds are to be freed from the capital requirements of Solvency II and brought under the IORP regime, writes Susanna Rust
A new law aims to make collective retirement savings plans more attractive, writes Susanna Rust
A new law has forced climate change onto institutional investors’ agenda, says Susanna Rust
Gilles Pouzin writes about the creation of a new fund designed to see institutional assets converted into loans for small French enterprises
Agirc, the second-pillar pension scheme for private sector executives is planning to merge with the employees’ scheme, Arrco
FRC warrants ‘intensive investigation’ from government, argues public pension fund group
Accounting regulator to act after parliamentary committee completes governance inquiry
Dunelm and Hargreaves Lansdown made payments without reporting up-to-date cash balances
System is nevertheless deemed sustainable by Financial Supervision Commission
PIRC’s disputes with FRC continue, and EFRAG hunts for hybrid pension fund experts
Registered users are entitled to the first digital issue of IPE with the compliments of the IPE.com team.
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
A few more European cross-border lending opportunities have started to emerge. This follows anticipation of the European Investment Plan launched by Jean-Claude Juncker
There has been a flurry of activity and comment from industry groups on the subject of bond market liquidity
There is enthusiasm for the EU’s capital market union (CMU) project. However, it faces prodigious obstacles in achieving its 2019 deadline.