All first pillar articles
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AnalysisGermany battles to keep pension reforms on course
New law to replace 2018’s pension reform legislation amid disagreements over reform plans for all three pillars of the pension system
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Opinion PiecesIreland – future pensions tiger
Ireland stands a few policy steps away from the creation of a serious first and second-pillar pensions architecture that will improve the country’s international standing in terms of retirement provision.
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NewsInarcassa’s new strategy sees cuts to equity in favour of bonds, infrastructure
Assets under management for first-pillar pension schemes, according to pension regulator Covip
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NewsSwiss cabinet favours political intervention linking retirement age to life expectancy
Government report rejects automatic mechanisms, prepares ground for further reform
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Special ReportGermany: Fighting for innovation
The three-party coalition faces important decisions in coming months to reconcile differences over its planned reforms to all three pillars of the pension system
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Opinion PiecesResistance to Germany’s new buffer fund proposal
Last year, the manager of Germany’s pay-as-you-go first-pillar scheme, Deutsche Rentenversicherung, recorded income of €363bn, the largest share coming from contributions (€275.6bn), and €87.4bn in public subsidies.
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Special ReportBelgium: First-pillar reform caps highest pensions
Federal government manages to work out a first-pillar agreement before the parliamentary recess
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Special ReportAustria: Pension industry faces an indifferent government
Reforms look likely to be on hold until after federal elections in 2024
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NewsBelgian government reaches deal on first-pillar pension reform
The agreement, which is to represent 0.5% of GDP in long-term savings compared to a pension deal reached last year, is supposed to safeguard a €847m cheque from the EU’s Covid Recovery Fund
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NewsDACH roundup: Funding gaps in Swiss first pillar pension system remain
Plus: WTW partners with BAA; German lifeboat scheme set ups contribution rate
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NewsItalian government readies new investment rules for first pillar pension system
Pension schemes have been waiting for an upgrade to their investment rules since 2011
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NewsSwitzerland roundup: Ethos slams Nestlé for lack of transparency
Plus: Swiss canton of Vaud scheme, Compenswiss post negative results; Swiss cabinet consults on supervisory reform
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Country ReportGermany: First pillar pension reforms in need of political and financial capital
Berlin’s new ‘Generationenkapital’ concept is intended to revamp the ailing first pillar but political consensus is lacking and more capital will be necessary to endow the planned state fund
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NewsSwiss canton of Vaud pension fund contains losses with real estate, infrastructure
The scheme’s funding ratio stood at 68.6% at the end of 2022
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Opinion PiecesGermany's first-pillar pension reform plans: tough to meet expectations
How would you design your asset allocation if you were building a portfolio from scratch? This is the question facing the governors of Germany’s new state pension buffer fund, the grandly titled ‘Generationenkapital’ (Generational Capital) fund. The expectations are high.
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NewsGerman Green Party defies idea of growing first pillar equity pension funds
Green MP Frank Bsirke warned against diverting contributions for investment in the equity market ‘at the expense of millions of pensioners’
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NewsGerman government to set up foundation with up to €150bn for first-pillar pension reform
Nuclear waste management fund KENFO to help Stiftung Generationenkapital on asset management
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NewsItalian government paves way for pension reforms
Ministry of Labour and Social Affairs is set to meet with the unions on 19 January to start discussing changes to the pension system
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NewsGreece’s funded supplementary system heads towards first €24m
New Greek pension system ‘will lead to higher pensions’
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NewsGermany prepares to reform all three pension system pillars
Reform of the first pillar aims to stabilise the level of pensions and contributions starting from 2030 against demographic pressures
