Only 58 pension funds with DB schemes in 2015, down from nearly 300 in 2005
Asset class categorisation must be changed to help facilitate bigger allocations to alternatives
The performance with hedging taken into account was 3.92%
Kempen, Altis, RPMI Railpen, Allianz, Hermes, Lazard, Columbia Threadneedle, Quaero Capital, Insight Investment, Morgan Stanley, MSCI
Appointments follow Kempen’s increased focus on fiduciary managent
Equity allocation was ramped up without sufficient reserves being established beforehand
Association director says the question of benefit cuts has to be decided at the political level
Index underweights or excludes companies not applying governance best practice and reduces exposure to high carbon emitters
BVK says equities plus EM bonds and commodities drove ‘good performance’
Statistics show larger funds produced better returns in 2016
Pension fund for federal employees highlights EM, domestic real estate returns
Willis Towers Watson funded ratio index up to 96.8%, while Credit Suisse returns index reaches all-time high
Pension funds for cantons of Basel, Geneva lower pension promises for future retirees
Federation suggests payment could be made via second-pillar insolvency protection fund
AV2020 reform package in ‘crisis’, says industry expert
Werner Hertzog joins Bernische Pensionskasse more than two years after parting ways with Aon Hewitt
Panel on costs, fees warns of overly hasty reactions to fee levels, but asset managers ‘need to do better’
A political stalemate is holding up Switzerland’s Altersvorsorge 2020 pensions reform package. And now time is running out, as Barbara Ottawa finds
More than anywhere else, the low and negative interest rate environment is shaping Swiss portfolios. But investment challenges are quite particular, finds Barbara Ottawa
Lukas Riesen and Stephan Skaanes ask whether Swiss pension funds can financially afford their promises
An initial government proposal for a regulation on self-guided top-up pension plans for high earners has been slammed
Robert Cranston assesses liquidity trends in Swiss markets
Jacqueline Oh, managing director of SVVK/ASIR, believes Swiss pension funds are lagging behind some of their European peers when it comes to sustainable investments. But they are catching up
Swiss pension funds are still coming to terms with negative bond yields and uncertainty over the strength of the Swiss franc. Daniel Ben-Ami examines the considerable challenges they face
Although Swiss pension funds have a low home bias, local investments still make up a substantial proportion of their portfolios
Roger Tischhauser is responsible for 40% of the assets in the Swiss second pillar and is an agent for reform in the pensions debate
Pension funds should be more realistic about evaluating liabilities, André Tapernoux tells Barbara Ottawa
Despite the challenges facing Switzerland’s second-pillar pension the necessary overhaul of the system is still a long way off, says Barbara Ottawa
Registered users are entitled to the first digital issue of IPE with the compliments of the IPE.com team.
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
There is enthusiasm for the EU’s capital market union (CMU) project. However, it faces prodigious obstacles in achieving its 2019 deadline.