All IPE articles in January 2024 (online)
View all stories from this issue.
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NewsKLP ditches Saudi Aramco and 11 other companies over climate and human rights
The exclusions are mainly related to the building and construction, property, and telecommunications sectors
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NewsPFA expects positive 2024 returns after 2023’s bullish stance pays off
Largest Danish pension fund reports 12% customer return, praising its own ‘moderately positive’ equities tactics
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NewsPension funds barely contribute to stewardship, claims former sustainability chief
‘Stewardship is a fraction of a pension fund’s fee basis and the highest impact stewardship activities are the least funded within that,’ says Will Martindale
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NewsSiemens Pensionsfonds increases stake in Siemens Energy
Siemens Energy is going through hard times, receiving an aid package from the state, banks and other stakeholders
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NewsTwo new players predicted to enter UK buy-in market in 2024
LCP is currently in discussions with six potential providers weighing up their options for entering the market
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NewsFon.Te ups private market investments to €560m
The scheme has invested 70% of the sum in the real economy in Italy through impact-investing strategies
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AnalysisDutch pension funds keep increasing interest rate hedges
Funds increasingly want to protect their funding ratios in the run-up to the pension transition and see an opportunity to lock in rates at current high levels
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NewsSampension wins biggest corporate client, potentially adding 3,000 individuals
Danish labour-market pension fund emerges as winner of farming advisory network’s long tender process
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NewsBorder to Coast votes against 95% chair re-elections in oil and gas companies
This is up from 31% in 2022, following an updated voting policy for the oil and gas sector
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NewsPensions Authority sets out changes to fees calculation for occupational schemes
The changes apply to occupational pension schemes with 20 or more participating employers
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NewsInvestors’ in-house ESG scores diverge more than providers’ ratings
There is just 30% correlation between the ESG scores that asset managers assign to their portfolio companies, compared with 50% for external ratings providers
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NewsItalian government defines stringent requirement for early retirement
One of the changes includes women asking for early retirement under the ‘Opzione Donna’ at 61, instead of 60, and 35 years of contributions
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NewsPLSA to further develop recommendations aimed at driving UK growth
The association’s top strategic policy priority for 2024 will be to establish what role pension funds can play in supporting UK growth
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NewsSwiss pension funds increase interest rates on pension savings
The pension fund for the city of Zurich, Migros Pensionskasse, PK SBB and Publica, among others, have made changes to their interst rates on pensions
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NewsKeva positive on idea of investigating stabilisation mechanism
”Our defined benefit system has not been very ‘defined’ in the longer term,” says head of Keva’s EU pensions team
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NewsAustrian provident funds increase allocation to bonds, equities
FMA’s report also showed that the pension schemes reduced their allocation to real estate
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NewsATP hands SAP six-year €46m IT contract, taking over from KMD
Danish pensions, benefits giant switches operational provider for migration to ‘future-proof technology’ based on SAP cloud services.
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NewsConcreto broadens investment in private markets
The scheme will invest 5% of the assets held in the sub-fund in alternatives
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NewsKBR trustees appoint LGIM as fiduciary manager
Appointment covers over £1bn in assets and aims to further improve financial security for over 9,000 members
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NewsValue of USS’s stake in Thames Water drops by almost two-thirds
The ‘fair value’ of USS investment fell to £364.4m last year, down from £956m in 2022
