Average return for 2016 was less than 2% due to ‘cash drag’ effect, says Willis Towers Watson
Third-quarter performance brings returns into positive territory for first time in 2016
British Court of Appeal tells investors legal action should be resolved in Portugal
Pension funds make -0.16% over first half of year
After lawmakers stabilised the public pension system, Portuguese private pension funds are poised to grow their participation in the country’s economic system
Assets consist of interests in eight onshore wind farms in Northern Portugal
Reforming the country’s public pension system is an integral part of the government’s efforts to impose fiscal stability, as agreed in its bailout programme.
TDC Pension among institutional claimants including New Zealand’s pension reserve fund
Low average returns reflect poor performance of biggest pension funds in market, says Towers Watson
TDC Pensionfund joins New Zealand Superannuation fund, Avenue Capital Group, Silver Point Capital and FFI Fund in filing debt recovery proceedings
Respondents to IPE survey fail to see institutional investors as major source of financing in 15 years time
Portugal’s supplementary pension funds have increased their equity weightings but are still cautious on fixed-income, writes Gail Moss
Central bank seeks to reassure clients of Banco Espirito Santo’s asset management
Pension funds are reducing their risk levels in response to uncertainties generated by Spain’s failure to form a government, Brexit and Italy’s banking crisis
Gail Moss finds out what Spain’s biggest corporate pension scheme has been doing to reduce risk in its investment portfolio
Registered users are entitled to the first digital issue of IPE with the compliments of the IPE.com team.
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
The lack of demand rather than supply for both credit and capital is a common criticism from investors of the EU’s capital market union (CMU) programme
A few more European cross-border lending opportunities have started to emerge. This follows anticipation of the European Investment Plan launched by Jean-Claude Juncker
There has been a flurry of activity and comment from industry groups on the subject of bond market liquidity