Workers’ union threatens industrial action over closure of schemes it claims are in surplus
Companies paid in €9.6bn from 2010-16, consultancy LCP reports
1% allocation towards sustainable investments from top 25 funds would outstrip international aid
ISIF invests in floating data centres making use of new water-cooling technology
Politicians seek protection for defined benefit pension schemes that have been wound up
Change follows the overhaul of its internal asset management division earlier this year
Pensions regulator Brendan Kennedy voices concerns over DB governance and advice
74% of funds meet regulator’s minimum funding standard, with aggregate industry surplus at €2.7bn
The ISIF committed €522m to Irish companies in 2016 as part of transition to domestic portfolio
Independent News & Media agrees with trustees to meet deficit payments and wind up DB schemes
Minister calls for further debate as issues are deemed too complex to take forward
Minister urged to review 2012 law changes and remove inequality in state pension payments
UK’s FRC says more work needed before updating GAAP in line with IFRS changes
Transfer creates the third country DB section in UnitedPensions vehicle
Department of Social Protection wants to bring in strict timetable for funding agreements
Existing passporting rules for fund domiciles should keep disruption to a minimum, experts say
Government wants to close loophole allowing sponsors to abandon underfunded schemes
€55m to go towards fund targeting more timber supply, with European Investment Bank also involved
Proponent of bill claims ISIF lost €100m in three years from exposure to fossil fuel price swings
State-owned AIB agrees pay and pensions deal with union; Fianna Fáil tables pensions law amendment
Gail Moss assesses the effect of two new regulations on the asset allocation of Irish pension funds in a continuing low-yield environment
James Kavanagh says visionary thinking is needed to meet Ireland’s pension challenges
Mick O’Byrne looks at the accounting deficits of Irish defined benefit pension schemes
Since 2010, successive governments have proposed, or at least hinted at, sweeping pension reform. But this could finally become a reality in 2017, as the regulator publishes a report on the market, finds Jonathan Williams
Ireland’s sovereign development fund is fully established and building up a sizeable and diverse portfolio
IFoA wants to explore how actuaries can help achieve sustainable development goals
Plus: EU bodies want to commission pension fund studies, UK LGPS seeks custodian
Crypto-currencies divide opinions sharply. Some rave about them while others are scathing
Despite the amount of academic research, the theoretical concepts underpinning portfolio management remain the same
Asset managers have all issued their outlooks for the forthcoming arbitrary 12-month period
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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.