All Country Report articles – Page 9
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Country ReportNordic region: Key features of Iceland's pension success story
The country’s high participation rate partly explains why the pension system is highly rated worldwide
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Country ReportNordic region: Norway's wealth fund reassesses investment strategy
Review recommends great flexibility for its investment managers
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Country ReportSwitzerland: 1e pension schemes gain traction
First sign of consolidation appears in the market of 1e pension plans
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Country ReportSwitzerland: Good returns in 2021 provide pension buffer in 2022
Deteriorating economic conditions saw Swiss pension funds return on average -10.7% for the year to end-September
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Country ReportCountry Report – Pensions in Switzerland (November 2022)
Our report on Swiss pensions also looks at the growing demand for so-called 1e plans, additional pension vehicles for higher earners. The 1e sector is ripe for consolidation, like the market for multi-employer pensions (Anlagestiftungen), where the federal regulator is concerned about a build-up of complexity and supervisory risks. We also cover the annual survey of the consultancy Complemeta and assess Swiss pension funds’ asset allocation plans.
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Country ReportCountry Report – Pensions in Spain & Portugal (November 2022)
In Spain, the pension sector is giving a cautious thumbs up to workplace pension reform plans, even if they fall short of the industry’s wish list. Top of that list was mandatory auto-enrolment, which won’t now happen. But the planned national so-called Macro-fondo ‘super fund’ has met with general approval. It will be managed by the private sector but supervised by a control committee comprising government, employer and union representatives.
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Country ReportSwitzerland: ESG and pension reforms top the agenda
Martin Roth, president of ASIP, the Swiss pension fund association, tells IPE’s Luigi Serenelli about his outlook for the country’s retirement system
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Country ReportSwitzerland: Pension funds edge towards alternative investments
Swiss pension funds are cautiously but decisively taking steps to build a portfolio of alternative investments
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Country ReportPortugal: Pension funds navigate uncertain times
Schemes are employing defensive measures to protect against portfolio risk
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Country ReportSpain: Industry gives a partial thumbs up to pension proposals
Can Spain’s new workplace pension system work well without auto enrolment?
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Country ReportCountry Report – Pensions in France (October) 2022
The French pension system is in good health with a first-pillar pay-as-you-go system in surplus. But long-term forecasts are cause for concern, showing that the French state will have to raise expenditure on pensions from the current 13% to nearly 15% of GDP to maintain the system.
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Country ReportFrance: The biodiversity reporting enigma
France’s financial institutions must report on biodiversity impacts but face a lack of corporate data push from pension reforms
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Country ReportFrance: Third-pillar pensions and sustainability take centre stage
Clémence Droin, senior engagement manager at Indefi, talks to IPE about the two main areas of focus for the French institutional investment community lack of a regulatory push from pension reforms
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Country ReportFrance: First-pillar pension reform faces impasse
The French state faces growing expenditure on pension but attempts to reform the system have stalled
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Country ReportNetherlands: Pension transition drives consolidation
Pension schemes are turning to mergers as one way to cope with the rising costs of complying with greater regulation
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Country ReportNetherlands: Dutch pension funds make early switch to DC
There are various HR and corporate motives for switching to defined contribution arrangements before the new pension system comes into play in the Netherlands
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Country ReportNetherlands: Implications of the new pension system
The move towards a new Dutch pension system will have significant effects on swap curves and asset allocation
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Country ReportCountry Report – Pensions in Italy (July/August 2022)
Italy’s pension industry continues to develop, albeit at a slow pace. Italian pension funds are adapting their strategies to the volatile and uncertain market regime, by purchasing inflation-linked assets and by taking advantage of potentially higher yields on domestic government bonds. However, as our lead article highlights, they are generally staying true to their long-term diversification strategies, which consist of gradually allocating to alternatives including private equity, private debt and infrastructure. Some have bought shares in the Bank of Italy, a private equity-like investment.
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Country ReportItaly: Pension funds adapt to a new regime
Inflation, higher interest rates and geopolitical tensions are leading Italian pension funds to recalibrate their investment strategies
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Country ReportItaly: The greening of the pension industry
Italian pension funds are developing their approaches to sustainable investing, with increasing focus on impact and engagement
