Investors including TDC and NZ Super cannot pursue Novo Banco in UK over loan to now-defunct Portuguese bank
Plus: Grupo Catalana Occidente creates pension fund manager
Q3 returns benefit from strong run in equities, euro-denominated bonds
Schemes returned an average 0.2% between April and June, according to Willis Towers Watson
Gains boosted five-year annualised returns to 5.1%
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
Against a backdrop of a steadily recovering domestic economy, private pension funds in Portugal have maintained stable asset allocations over the past year
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
Spain has experienced recent constitutional turmoil, yet it is the politics of Italy that is troubling pension funds. How will this affect asset allocation?
Portugal is an example of how a bailout can turn around a nation’s finances. Sovereign debt has returned to investment grade and is popular again with domestic pension funds
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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
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