IPE's Germany Coverage – Page 23
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NewsGermany’s KENFO plans slight increase in illiquid assets
The fund took tactical measures to cushion losses in 2022 that stood at the end of the year at -12.2%
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NewsHöchster Pensionskasse ups loan investments as interest rates rise
It recorded net returns on invested assets of 3.10% last year, outperforming the forecast given in the previous year’s report
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NewsBayer Pensionskasse prioritises fixed income high credit rating allocation
Following an ALM study last autumn, the scheme has adjusted its strategic asset allocation
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NewsPublic prosecutor investigates former DWS CEO Asoka Wöhrmann
The public prosecutor’s office and DWS are now locked in negotiations regarding a fine
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NewsGerman doctors’ pension scheme builds up directly-held bond portfolio
The pension fund recorded positive returns of 3.3% last year on assets invested, despite losses in bond and equity markets
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NewsVBL’s real estate investment raises red flag with supervisory authority
Investment activities at VBL must meet the basic requirements of security, profitability, liquidity and quality, says ministry of finance
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NewsDACH roundup: BaFin approves Complementa’s advisory services in Germany
Plus: Pension liabilities of Swiss largest firms shoot up; German Pensionskassen free from additional guarantee reserves
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NewsBaFin deploys full range of regulatory tools to fight greenwashing
The regulator’s efforts are currently focusing on the ‘environmental’ aspect of ESG, and particularly on climate change
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NewsGerman pension dashboard goes live with VBL, Union Investment
Further providers of pension products will likely join the platform in the course of this year
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NewsGerman church pension fund pivots to private debt in new strategy
The scheme is also reviewing its overlay mandates for equities and currencies
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NewsGerman schemes could face further liquidity risks
Substantial rating downgrades of securities held by German investment funds could lead to high outflows
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NewsVBL faces parliamentary inquiry on investment transparency
A real estate loan for a project in Berlin has set off a parliamentary inquiry, and demands to disclose investments
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NewsDAX pension investors set to benefit from calmer capital markets
Funding ratios reached a new high of 79% last year, compared with 72% the previous year, Aon report finds
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AnalysisAnalysis: German states realign €30bn pension fund assets to stricter ESG standards
Four German states have recently revised their sustainable investment strategies, sticking to stricter ESG rules
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NewsDACH roundup: City of Zurich Pensionskasse bumps up alternatives
Plus: Swiss association on investments in reform process; Austrian pension funds see AUM shoot up; German Spezialfonds add green assets;
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NewsSustainable finance group pushes for transparency of ESG rating agencies
The group recommends the upcoming regulation covers all providers of ESG ratings and scores selling their products and services in the EU, regardless of a company’s headquarters
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NewsGerman BVV allocates €1.5bn to high rating investment grade bonds
The fund will pursue an active risk management approach, especially in volatile asset classes
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Opinion PiecesGerman pensions sector backs cost rethink
Applause, which started mildly but ended robustly, suddenly reverberated in a packed Berlin conference room a few weeks ago. An audience of industry experts, pension managers, associations and trade unions clapped at the suggestion that Germany’s BaFin regulator should avoid repeating its exercise on cost reporting for IORPs, initiated by the European Insurance and Occupational Pensions Authority (EIOPA), and implemented in turn by BaFin. The exercise was a disappointment, and an excessive, unnecessary effort for the German pension industry.
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NewsGerman CDU party relights early retirement debate
Number of employees opting for early retirement has grown from 151,000 in 2014 to 270,000 in 2021
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NewsDACH roundup: German pension schemes’ investments in Spezialfonds drop
Plus: European Commission green lights UBS-Credit Suisse merger
