Reform plan scheduled to be introduced in parliament early next year
€33bn pension fund to shed two holdings by the end of the year, two more being looked at
Provident institution Austerlitz takes up opportunity to transform status
Plus: ERAFP retenders convertible bonds, federal state of Saxony-Anhalt seeks small and mid-cap manager
New Paris-based department also reflects demographic and macroeconomic changes
French institutional investors have pledged to invest €5bn as the government seeks to promote France as a hub for tech companies
This is not a commentary on the UK within or without Europe. Brexit has been a compelling distraction but it is one macroeconomic strand in a complex world. The overwhelming coverage has also moved attention away from key internal tensions within the European project.
IPE asked regulators and industry bodies in EU member states how they have been preparing for the UK’s scheduled departure from the bloc on 31 October
A gradual divestment process reached its conclusion this year and the scheme has signed the Tobacco Free Finance Pledge
Cap on equities and unlisted asset funds raised from 40% to 45% as part of changes to regulatory investment framework
Government calls on insurance sector to take up opportunity offered by FRPS vehicles and help make a success of the PACTE law’s retirement savings reform
The government’s PACTE law could transform the pensions landscape
Responsible investment strategy for 2019-23 includes aligning portfolio with 1.5-2°C warming trajectory and defining an ‘extra-financial risk budget’
Report elaborates vision of a points-based universal system to replace the 42 schemes that form the current mandatory state-backed system
The €30bn pension fund is seeking to shift investments towards equities, private equity, real estate and infrastructure
The reported deficit in the newly merged schemes fell from €2.9bn to €1.6bn ahead of a targeted return to financial equilibrium in 2020
The IASB board decided to take a blank page approach to explore whether new or different information about employee benefits would be more effective
As we approach the 2020s, what have we learned about pension investing in the last 20 years?
There is a growing consensus that there needs to be a shift from extraordinary monetary policy to fiscal activism. Although quantitative easing (QE) will continue, there is a widespread recognition that its effects are diminishing.
Investors should take note of the debate taking place within the factor investing industry. On one side, are those who support a purist approach to the definition of factors, arguing that factor strategies should be built using factor proxies that undergo rigorous scientific tests. Scientific Beta, the organisation linked to
The Dutch social affairs’ minister Wouter Koolmees has spared millions of Dutch pensioners last month from having their pension payments cut in 2020, after the government granted pension funds a year’s grace period to restore coverage ratios.
Subscribe to the digital edition of IPE magazine to view the latest issue directly in your browser.
Describing himself as “the most senior elected Brit in Brussels” and speaking ahead of 29 March when he and the UK’s 72 other MEPs were set to relinquish their mandate in the European Parliament, Syed Kamall is keen to speak about matters other than Europe.
One of the knottier issues in Brussels at the moment is the future of the European supervisory authorities
At 49, Brian Hayes is young man by political standards. Having started in Irish politics early with his appointment to the Irish Senate in the mid 1990s, Hayes was elected to the Dáil, the lower house, before he was 30, taking a seat for the Fine Gail party.
Lieve Wierinck’s main political passion is ensuring the EU takes full practical advantage of Europe’s excellent scientific base
While he derives some satisfaction from advances in green energy and the like, Sven Giegold is unhappy that most global investment can still be classed as environmentally unsustainable.
Are non-peforming loans an investor’s dream come true? Or do they represent immeasurable risks?
Tensions are rising in Brussels as the EU institutional mandate approaches its end ahead of the Parliamentary elections in May 2019, and the Commission has already ceased issuing new proposals in the absence of legislative time.
The race is on to complete the EU’s flagship Capital Markets Union project before the mandates of the Commission and Parliament elapse next year
Another step by Brussels to ease financing to business across the EU comes with measures to facilitate the cross-border distribution of investment funds
PensionsEurope is concerned about a Brexit ‘no deal’ and is calling for negotiators to pay heed to the €3.54trn sector’s interests
Radical upgrades to the EU’s corporate tax base norms have never been so close to fruition
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