Finland takes third spot; Spain debuts with a C grade for its system
Occupational pension funds returned an average 1.11% for the 12 months to end-June
Assets fall 1% to €35.3bn after troubled first quarter, according to latest INVERCO data
Basque Country’s Geroa Pentsioak gains 10% but Pensions Caixa 30 manages just 1.8% return
Plus: Grupo Catalana Occidente creates pension fund manager
Investors gradually reducing exposure to euro-zone assets, reports Mercer
Barnett Waddingham warns of “pronounced” pensions impact for companies with UK subsidiaries
Plus: Southern Europeans launch investor network, UK government backs social impact, green finance
Euro-zone equities have been the best performing allocation for Spanish investors this year
Plus: Companies getting more serious about water, diesel bans may cause emissions target miss
Several strategies are being considered to ensure the country’s statutory pension scheme remains affordable
Average allocations to cash rose in second quarter of 2017, INVERCO data shows
Investor interest in alternatives growing but without major asset allocation shift
Spain’s political plight is in some respects similar to other Western European countries but in other ways fundamentally different
Geroa Pentsioak’s return was more than double the 2016 average from other Spanish pension funds
Spain’s largest corporate pension scheme will increase equities and reduce fixed income this year
Retirement age increase mooted as policymakers grapple with funding crisis
Pension funds join search for alternative assets as average returns decline
‘Outstanding’ performance came from plans with more exposure to long-term fixed income
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
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