Plus: Solidarietà Veneto tenders two mandates worth €328m; Cardano details six fiduciary mandates
Five industry-wide defined contribution schemes have joined forces to invest €216m in private equity
Italian prime minister Giuseppe Conte quit his post this week, signalling the end of the controversial coalition government of the Five Star Movement and the Northern League
Fund for companies in the Veneto region said it was ready to make the move based on its experience so far in private markets
Utilities sector fund Pegaso seeks consultant; Media industry fund tenders mandates for equity and bond managers
Aon and SSGA say Italy’s INPS is unsuited to run a proposed new pension fund and should focus on developing existing arrangements
The Italian Social Security Institute wants to set up an alternative to existing second-pillar funds, but trade body Assofondipensione warns it could hurt the system
Quartet of tenders sees Swiss and Nordic investors allocate to China A-shares, currency hedging and core real estate as investors continue diversification push
Fondo Telemaco seeks private equity and private debt managers to run €105m; Solidarietà Veneto picks Groupama, Eurizon for new mandates
Service sector pension fund re-tenders entire asset base and seeks risk overlay manager
Italian banking sector pension fund and others join European Investment Fund in backing Anthilia BIT III; Merseyside LGPS fund invests £30m with Funding Circle
Plus: DWS to sell €2bn hedge fund business to Alma Capital; MFS signs Italian distribution agreement with Deutsche Bank
Tenders announced by a number of other pension funds including Fondo Pensione Nazionale BCC/CRA, Fondo Crédit Agricole, and Fondo Cometa
Plus: German church fund awards currency overlay mandate to Metzler; Italian education workers’ scheme shakes up manager line-up; Hampshire hires JP Morgan
€1.8bn Fondo Telemaco pension fund began an asset allocation overhaul last summer
Also: Deutsche Börse buys Axioma in $850m deal; AQR opens Frankfurt office
Five funds have clubbed together to form Progetto Iride, and are seeking a manager for a €216m mandate
Eight industry-wide schemes are pooling resources in an innovative approach to illiquid assets
Generali Global Pension will offer de-risking solutions and cross-border plans to multinationals
Italy’s government is intent on keeping its budget promises after the European Commission rejected its draft plan, writes Carlo Svaluto Moreolo
Is Project Iris, a joint effort by Italian pension funds to invest in alternatives, a sign of things to come?
Putting the new IORP II rules in place will be a challenge for Italian pension funds in areas like risk management
Italian pension funds have been late starters in embracing ESG principles but they are catching up fast
Despite its several ailments, the health of the Italian pension industry keeps improving
A review of think tank Itinerari Previdenziali’s and Borsa Italiana’s recent project on Italian pension funds’ real-economy investments
France and Germany are the two countries that stand out the most for their comprehensive state pension systems and for underdeveloped second-pillar framework
It is the most fundamental premise of investing yet it is increasingly redundant: invest your money rather than hiding it under the mattress
Investors who are serious about ESG should ask themselves about their China strategies
The Centre for Social Justice – a UK centre-right think tank – has proposed retirement policy reforms including raising the country’s state pension age to 75 by 2035
This follow-up article on the rise of index investing highlights how pension plans are seeking to promote stewardship among their index managers
Subscribe to the digital edition of IPE magazine to view the latest issue directly in your browser.
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