French reserve fund posts 5.2% investment loss after return-seeking assets fall 8%
IPE explores how the IORP II directive has been implemented across EU member states
Insurance sector scheme turning into an ‘FRPS’ with €3bn investment portfolio
AXA Group companies buy out Eurazeo stake to improve client access to mid-cap private debt assets
Portfolio run by Aberdeen to comprise conviction holdings meeting certain ESG criteria
France’s ground-breaking reporting duty for institutional investors is being reassessed after a two-year test period
Asset owners from Ireland, Sweden, France and the UK argue that numbers aren’t the only way of measuring impacts
Laetitia Tankwe, adviser to Ircantec’s president, joins two incumbent asset owner representatives in being elected
CEO Torben Möger Pedersen takes solo award, while AP4, FRR, ERAFP and ÄVWL are all multiple winners
Laurent Galzy appointed CEO of the €30bn pension fund for a four year term
‘Aviva Retraite Professionnelle’ is first FRPS vehicle to launch since 2016 reform
Asset managers looking forward to pension savings boost from PACTE law
ERAFP chief executive to leave in December amid wide-ranging reform of the French system
Finland takes third spot; Spain debuts with a C grade for its system
Scheme to dump traditional bond holdings, shares in specialised and non-European majors
Plus: eVestment secures undisclosed consultant and fee data for new service; UBP enters impact investing space
Plus: Canadian pensions giant teams up with Generation for long-term investments; Hope for impact reporting ‘coalescence’
Lyxor and Invesco launch tech-based exchange-traded funds, TOBAM cuts its carbon footprint, and IM Global Partners adds liquid alts
Total company payouts hit new highs in France, Germany, Switzerland, Netherlands, Belgium, Denmark and Ireland
Plus: FRR adds BlackRock to transition manager roster; Finland’s Keva hires fixed income technology provider
Loi PACTE proposal aims to simplify and unify employee supplementary savings regimes
President Emmanuel Macron’s promised pension system reform is a work in progress
Liberté, egalité, diversité: an outline of France’s pension regimes
Jean-François Boulier, president of Af2i outlines his association’s activities and ambitions
UK and international rules on distributable reserves have ‘inconsistencies’, accountancy body admits, reigniting long-running debate
Also: FRC reports on current and future use of artificial intelligence in accounting and corporate reporting
Many people start their new year with diets, exercise, or perhaps a dose of self-help. Bookshops are well stocked with guides to better working, living, thinking, sleeping and even breathing.
The clouds darkened last month. Forecasts of the world’s economics prospects became distinctly gloomier.
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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
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’