All Country Report articles – Page 4
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Country Report
Pensions in France - IPE Country Report
Fierce opposition from trade unions and a large part of the political spectrum did not manage to stop Emmanuel Macron’s plan to reform the French pension system. The new framework kicks in this month, and the long-term sustainability of public pensions is secure. However, French workers will have to work longer into their lives, and their standard of living will decline.
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Country Report
France moves ahead with innovative climate reporting rules
A new French law could compel companies to disclose their climate plans
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Country Report
Italy: Pension investors raise their sustainability game
Pension funds and other institutions are making greater use of engagement and voting as they pursue their ESG goals
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Country Report
Italy: Pension funds face SFDR test
A significant number of pension funds have classified their portfolios under the EU’s flagship sustainability disclosure regulation
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Country Report
Italy: Casse di Previdenza roll with the punches
Italian industry-wide pension funds fail to attract new members, with potentially serious long-term consequences
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Country Report
Italy: Government plans to draw in capital for domestic investment
The right-wing government is moving forward with plans to create a €1bn fund, amid criticism and lukewarm investor support
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Country Report
Italy: Byblos consolidates private markets portfolio
The industry-wide fund has opted for a single external multi-asset mandate for private equity, private debt and infrastructure
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Country Report
Italy: Private markets allocations at a crossroads
Italian pensions funds are showing renewed interest in fixed income, as investment in private markets slows down – but long-term commitments are still in place
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Country Report
Country report – Pensions in Italy (July/August 2023)
Italian second-pillar occupational pension funds continue on their path to diversification. Owing to the higher yields on offer in traditional fixed income markets, allocations to private markets may slow down temporarily, but funds have made long-term strategic commitments. A variety of industry initiatives is facilitating investment in private equity, private debt and infrastructure. Meanwhile, some pension funds are consolidating their private markets portfolios.
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Country Report
Nordic region: Knut Kjaer on the future Norway's sovereign wealth
NBIM’s founding CEO Knut Kjær talks about Norway’s sovereign wealth fund adapting to changing geopolitical and economic realities
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Country Report
Nordic region: NBIM looks to diversity to improve decision making
The manager of Norway’s sovereign wealth fund kickstarted its diversity and inclusion programme in 2020, and has since focused on embracing new measures to become more diverse
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Country Report
Nordic region: Swedish pensions at a crossroads
The country’s Pension Agency has come up with three proposals: review, reform or remain the same
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Country Report
Nordic region: Alecta faces an uphill battle
The regulator is investigating the pension fund, and it is clear the scheme will have to make some effort to restore its reputation after huge losses on US bank investments
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Country Report
Nordic region: Finnish solvency rules raise questions about risk
Many argue that the current rules are too restrictive, hampering investment returns
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Country Report
Country report – Pensions in Nordic Region (June 2023)
Reputational issues are front of mind for the board of Alecta, Sweden’s largest pension fund, as it continues to digest the fallout from its ill-starred investments in Silicon Valley Bank and two other US financial institutions that collapsed in March this year.
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Country Report
UK: Is it too soon to reform pension pools?
In his March 2023 Budget, UK chancellor Jeremy Hunt challenged the Local Government Pension Schemes (LGPS) in England and Wales to “move further and faster on consolidating assets”, proposing that LGPS funds transfer all listed assets into their pools by March 2025.
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Country Report
UK: Schemes must prioritise members
Pension funds are encouraged to invest in UK illiquids, but it cannot come at any cost
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Country Report
UK: A review of the LDI debacle
The UK Parliamentary inquiry into the LDI crisis has shed light on its causes, but the debate over the lessons learned for the UK DB industry is far from over
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Country Report
UK: DC investment won't be a panacea for tech and science
The UK government’s March Budget contained plans to boost investment in high-growth industries such as digital, life sciences and advanced manufacturing, so they can start, scale up and remain in the UK.
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Country Report
UK: The case for pooling
Successful pooled schemes such as Border to Coast should be open to other clients because they are good at what they do