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
German conference hears about statistical divergences in European longevity assumptions
Experts have proposed a possible compromise to bring in auto-enrolment for pension funds, reports Barbara Ottawa
BRSG reforms have boosted pension fund membership, says metal industry pension provider’s managing director
IPE explores how the IORP II directive has been implemented across EU member states
UnitedPensions Deutschland AG is the 33rd Pensionsfonds to get a license from German BaFin
European rating agency gets Swiss license and appoints new head of digital development
Also: DB, DC plan definitions under IAS 19; IASB staff still working on DC discount rate anomaly
Three Pensionskassen in talks with German regulator over 2017 losses, more might follow
Provider launches asset management subsidiary to grow customer base outside of German churches
Talks between employees and employers in Germany’s metal industry are ongoing but without commitment
Plus: Family office hunts securitised credit investor; Danish foundation wants EM manager; German state appoints Hermes EOS
German economist proposes €1trn sovereign wealth fund to cope with future first-pillar funding
German equity investors have enjoyed the 13 years since the chancellor first took power
Fewer investors now rank security as top concern, according to poll by Union Investment
Insurance companies have to re-define their role in a world in which guarantees are too expensive. But in German pensions they have to keep promises given in the past
A new occupational pension framework without guarantees has stirred up an already complex industry and most of its stakeholders are still playing their cards close to their chest
Germany’s latest pension reform comes at a time when Brussels and EIOPA are presenting unwelcome challenges
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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
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.