Competition between global custodians and local full-service providers on the rise in Germany
Even more than the general German population, young employees are putting their hopes on occupational pensions
€1.5bn scheme takes equity stake in currency overlay specialist 7orca as well as granting €300m mandate
Plus: New reporting rules for pension gains and losses; Impact of IAS 19 on German asset allocation
Plus: Southern Europeans lauch investor network, UK government backs social impact, green finance
Plus: ERAFP tenders out €2bn currency hedging mandate
German pension funds give differing outlooks for alternative asset classes as markets heat up
Still no ideas from social partners on new pension plans under the Betriebsrentenstärkungsgesetz, conference hears
Consultancy’s external vehicle targets companies thinking about offloading pension liabilities
Denmark once again is the world’s best but several systems have seen ratings drop in the past 12 months
Pension stakeholders agree new product proposal no old-age retirement strategy
Peter Hadasch, co-founder and board member at VFPK, planned to retire in November
Willis Towers Watson to launch index to track development of occupational pensions post-BRSG
Polls point to fourth term for chancellor Angela Merkel, with talk of new coalition partners
German pensions expert warns against either/or approach to pay-as-you-go and funded systems
Analysis of future developments of German funded pensions under new legal framework
Encourages collective bargaining parties, providers, to get in touch
The German parliament has passed one of the most comprehensive pension reform bills in the country’s history – rendering a complex system even more intricate
Also: Austrian manager excludes carmakers; Trucost launches carbon pricing tool
Willis Towers Watson calculates better funding rate but urges reviews of current plans
Germany’s discussion on new pension vehicles without guarantees has revealed a much deeper challenge with promises, disappointments and misunderstandings, finds Barbara Ottawa
Verena Menne and Klaus Stiefermann outline concerns about planned reforms to introduce defined contribution pensions to Germany
The reform to introduce pure defined contribution plans is a huge opportunity. But if it does not succeed it may mark the beginning of mandatory corporate pensions
German pension investors continue to diversify their assets against a backdrop of political uncertainty, writes Rachel Fixsen
The latest Willis Towers Watson risk-management study reveals the ongoing challenge that German pension funds face in meeting their liabilities
New rules for BaFin-regulated institutional investors in Germany might appear cap-free, but costs could restrict movement, according to Barbara Ottawa
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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’
The European Commission’s project to set up a pension scheme for research and development professionals whose careers take them across EU borders has finally reached its first stages of operation.
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.