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
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
Alternatives suffer from poor performance of commodities
Inferior design of FTT, impact on market liquidity criticised by industry
Total assets under management grow by 0.8% to €35.5bn
Asset manager expects ‘stable, robust’ return in SME loan deal
Pension fund association cites strong uptick in volatility on international markets
Uncertainty over Greece is only one of several factors that have influenced trends in asset allocation over the past year
Against a backdrop of a steadily recovering domestic economy, private pension funds in Portugal have maintained stable asset allocations over the past year
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