ECB’s banking sector stress tests have caused concern among covered bond analysts over the potential impact on the attractiveness of the asset class
Plus: German church fund awards currency overlay mandate to Metzler; Italian education workers’ scheme shakes up manager line-up; Hampshire hires JP Morgan
At pension association aba’s annual conference in Bonn, politicians appear impatient for improved workplace pensions coverage
EIOPA issued recommended actions to IORP supervisors in 16 countries after a peer review
German reinsurer closes old plans, sets up new pension provision with guarantees below 100%
Proceedings launched for “non-communication” of transposition measures after January deadline
Chair of Wacker Chemie Pensionskasse argues that regulatory intervention was ‘beneficial shock’ for some organisations
Also: Deutsche Börse buys Axioma in $850m deal; AQR opens Frankfurt office
Employees respond positively as Henkel offers one-off payment to reduce DB liabilities
Members’ interests “sufficiently safeguarded” in takeover, says supervisor
Talks with regulator still going on, but executives hopeful of approval ‘before summer’
Researchers call on government to use its position as safe haven to finance pension gap
180-page report by academics and consultancy proves feasibility of cross-pillar information service – if there is political agreement
Funding ratio almost unchanged at 67%, according to consultancy’s latest DAX pension finance study
Actuary Georg Thurnes is to replace Karch as head of the occupational pensions group
Also: Union representative hints at “major project close to completion” involving insurer for new non-guaranteed pension
Hermes, Unigestion and Nikko Asset Management are all targeting Germany’s €224bn pension market
Increased securitisation and diversification could lead to “disruptions”, warns Kommalpha
Aon survey shows little interest among employees for swapping possible higher returns for guarantees
Since January, 20,000 employees have signed up to the new ‘defined ambition’ arrangements
A year into the implementation of Germany’s BRSG law to strengthen occupational pension schemes many legal uncertainties remain
The number of insurance-based pension funds on the supervisor’s watchlist is falling. But some providers are in serious trouble
Portfolios are facing up to the challenges of the economic environment. But there is still room to improve expected returns
Günther Schiendl, CIO of VBV, Austria’s largest pension fund, talks to Barbara Ottawa about the importance of illiquidity and the EU’s sustainable finance initiative
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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