Danish pensions giant has also increased focus on small caps
Danish pension fund seeks equities chief after creating separate equities, bonds departments
Companies blacklisted for breaches of the Paris Agreement on climate change
Welfare society and developing countries are harmed by “tax twisting”, says CEO
Costs set to halve for DKK10.4bn labour-market fund following transition in 2018
PKA and Aon underwhelmed by coalition’s new political programme on retirement
PFA says US tech venture capital investments have outperformed homegrown firms
Also: Dutch pension fund using IPE Quest Discovery service for debt manager searches
Government confirms intention to draft investment, sustainability rules changes
Prime minister fails to gather broad political support for longer working from 2025
New equities chief cuts Danish stock market exposure to 8% from 25%
Good year for premium pensions despite ‘doubtful’ performance from handful of funds
Finance minister aims to facilitate more private savings for retirement
Norwegian municipal pension fund watches for local government reform impact
Norway’s largest municipal pension fund Oslo Pensjonsforsiking (OPF) produced a 2.8% value-adjusted return on customer funds in the first three months of this year.
Diversification efforts hindered by state-enforced investment limits on alternatives
Mandate for multi-asset style/risk premia tendered
80% of institutional investors were satisfied or very satisfied with returns from ESG-tilted allocations
‘Partial pensions’ more effective than higher retirement age in maintaining workforce
Danish pension fund says nuanced approach recognises renewables moves
Buffer funds seek greater flexibility to invest in alternatives
Outlining the dynamics of the Nordic institutional investment market
No change to foreign currency discounting; environmental lawyer flags up BoE climate change concerns
Also: IASB puts pension accounting project on hold but presses on with new reporting standards for insurers
Registered users are entitled to the first digital issue of IPE with the compliments of the IPE.com team.
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.
Conflict continues to simmer over the issue of passport rights for non-EU-domiciled hedge funds across the EU
It is a case of tackling one challenge after another in the Capital Markets Union (CMU). According to the European Commission, the present morass of different national insolvency rules creates a barrier to the flow of capital across the EU.
IORP II may have cleared the European Parliament’s committee stage but amendments tabled to the second directive covering occupational pensions since 2003 are so radical that it would be unwise to forecast its future.
Dismally low returns on EU pension fund investments over 15 years? The allegation comes in a study by Better Finance, the European Federation of Investors & Financial Services Users. The report, Pensions Savings: The Real Return, points to excessive fees, points to other charges, and badly framed taxation rules, as the culprits.
Brussels’ financial focus is on aggressive corporate tax planning and the related question of tax havens. This concerns the hedge fund ‘passport’ rights to do business across the EU and compliance of the offshore jurisdictions where they are domiciled to EU norms.
The process of making pensions policy in Brussels between now and end of the year resembles two juggernauts moving towards each other