Willis Towers Watson report paints positive outlook for defined contribution
Trump’s clampdown on immigrants may create hostility that will backfire on long term economic prospects
Investment Association voices caution on extent of cost savings as calls grow for UK scheme consolidation
Aon Hewitt, Mercer, and Willis Towers Watson issue joint response to regulator’s review
NEST is seeding a new UBS-managed equities fund with climate ‘tilts’
The exchange will initially provide access to hedge fund strategies, but will roll out to other asset classes
Consultation could have important impact on schemes such as British Steel
Strategic relationship being forged as asset manager prepares to launch platform for investment in ‘niche’ alternatives
PLSA commissioned research given ‘confluence’ of DC and ESG trends
Government consultation suggests changes to indexation among range of options for UK system
Italian pension funds have issued searches for balanced and fixed income managers
Unions accept closure of British Steel scheme, while post-Brexit fall in immigration could require higher state pension age
Divest London urges action from London mayor over holdings linked to controversial development
UK regulator is seeking views on effectiveness of UK primary capital markets
Research from State Street and CFA Institute claims to have discovered a new business metric that can improve performance
BHS collapse shows importance of transparency for private companies and pension schemes, select committee argues
Some UK funds are quoting generous transfer values. But is leaving a DB scheme the best option?
With a potential Brexit in sight, Carlo Svaluto Moreolo asks whether the assumptions underlying liability-driven investment (LDI) need to be reconsidered
Regulation is constraining pension funds’ ability to manage risk and they should prepare for future illiquidity
UK defined-benefit deficits are ballooning. The Brexit vote might initiate behavioural change, Stephen Bouvier writes
As the UK government consults on whether NEST should be allowed to enter the drawdown market, Jonathan Williams examines the arguments for and against its entry, and what the fund can learn from Australia
Katherine Lynas and Adam Gillespie point out that strong diversified growth funds distinguish themselves in performance terms at times of heightened market stress
System is nevertheless deemed sustainable by Financial Supervision Commission
PIRC’s disputes with FRC continue, and EFRAG hunts for hybrid pension fund experts
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.