Barnett Waddingham warns of “pronounced” pensions impact for companies with UK subsidiaries
Plus: Southern Europeans lauch 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
Gail Moss finds out what Spain’s biggest corporate pension scheme has been doing to reduce risk in its investment portfolio
The Spanish pension system needs significant adjustment to ensure its sustainability, but politics has got in the way
Government transfers largest-ever amount from country’s reserve fund
Scheme reports 6.5% average annual return since inception in 1996
Corporate schemes increase allocations to non-EU fixed income assets
LGPS acquire 12.5% stake in Madrileña Red de Gas
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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
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.