Latest news and analysis of pensions, asset management, regulation and trends in France from our award-winning journalists.
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.
Pension fund/entity | Assets (€’000)
©IPE Research; See IPE’s Top 1000 Pension Funds for the full ranking
Sources: Pension assets - IPE research; Occupational pension assets as % of GDP - OECD June 2022; Working population, data as of end 2021 - World Bank; Projected old-age dependency ratio 2050 per 100 people - Eurostat 2021; gross average replacement rate - OECD Pensions at a Glance, 2021; Asset Allocation - OECD Pension Funds in Fugures, June 2022
Executive director decides not to seek a third term, but does not plan to retire
AMF says transition plans under the CSRD ‘hold great significance for investors and stakeholders’
Pension fund also tightens thresholds for thermal coal, unconventional oil & gas
The label can now only be secured by funds that have no exposure to companies developing new fossil fuel assets
The Directive will replace the Non-Financial Reporting Directive, laying out much stricter expectations for companies reporting on environmental and social impacts
Company | Assets (€m)
As at 30.6.23, *31.3.23, **31.12.22, ***30.6.22
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The rationale of the reform is simple: the rising life expectancies combined with decreasing birth-rate have accelerated the aging of the French population
Susanna Rust talks to Catherine Vialonga, CIO of ERAFP, France’s mandatory additional pension scheme for civil servants, and CEO Régis Pelissier about the fund’s priorities and tactical asset allocation adjustments
Executive director decides not to seek a third term, but does not plan to retire
AMF says transition plans under the CSRD ‘hold great significance for investors and stakeholders’
Pension fund also tightens thresholds for thermal coal, unconventional oil & gas
The label can now only be secured by funds that have no exposure to companies developing new fossil fuel assets
The Directive will replace the Non-Financial Reporting Directive, laying out much stricter expectations for companies reporting on environmental and social impacts
The dashboard in France covers all pillars of the country’s pension system, with 42 pay-as-you go service providers and 100 private pension organisations on board
Amundi and BlackRock were among 11 winners in a European and Japanese equities hiring process by the French civil service pension scheme
Amundi, Ostrum and HSBC bag active mandates
The rationale of the reform is simple: the rising life expectancies combined with decreasing birth-rate have accelerated the aging of the French population