Latest News from IPE – Page 62
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NewsNorway SWF urges CII to go further combatting ‘stealth dual-class structures’
NBIM gives views to Council of Institutional Investors on proposed policy changes on unequal voting structures
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NewsAmundi builds on multi-layer private markets strategy for DACH region
The next steps in Amundi’s private markets strategy in Germany are to promote ‘healthy growth’ among institutional investors and double AUM to €5bn in the next 3 years
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NewsAirways Pension Scheme completes £340m longevity swap
The deal is an insurance arrangement between scheme trustees and Zurich UK, and a back-to-back reinsurance arrangement between Zurich UK and MetLife
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NewsGerman parties relaunch pensions policies as election campaign starts
The Union plans to introduce mandatory pension schemes for the self-employed, while SPD will continue to support stable pensions at 48% of an early retirement for people with 45 years of contributions
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NewsPeople moves: London Pensions Fund Authority names new CEO
Plus: Former CIO of WYPF joins British Business Bank; People’s Partnership name customer engagement director
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NewsInvestor group complains to Commission over defence conference treatment
Tommy Piemonte of Bank für Kirche und Caritas was told he was temporarily removed for being ‘disruptive’
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NewsGermany pushes EU Commission to scale back sustainability reporting rules
Germany asks EU Commission to postpone the CSRD application deadline by two years
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NewsCommission asked to make ‘transition’, ‘sustainable’ and ‘collection’ into SFDR categories
Current SFDR categories should be replaced with alternatives that better reflect current range of sustainability-related strategies
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NewsUK receives official advice on national sustainability reporting standards
Sustainability Disclosure Technical Advisory Committee suggests removing restrictions on which sectoral categories investors and banks can use to report emissions
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NewsIPD hails axing of welfare-linked pensions withdrawal as ‘crucial for trust’
Danish pensions lobby welcomes new legislation removing requirement for benefit recipients to live off their pension savings first
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NewsCalor Group pension fund appoints GSAM as fiduciary manager
Goldman Sachs Asset Management will manage £240m assets on behalf of Calor Gas’s UK defined benefit pension scheme
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NewsIOSCO launches GEMC sustainability reporting network
Emmanuel Faber, chair of the ISSB, says this progress is important to all jurisdictions because multinational companies will stand to benefit from availability of comparable data and disclosures
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NewsNorway’s pension providers at odds over paid-up policy proposals
Pension funds lobby calls for separate treatment for its members, while banking and insurance industry advocates same requirements for all providers
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NewsGerman associations relax exclusion criteria for investments in defence sector
BVI and others publish a new version of ESG target market concept (Zielmarkt Konzept), scrapping revenues threshold to invest sustainably in the defence sector
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NewsSEI joins forces with PIC to facilitate master trust access for DB scheme members
DB scheme members with DC and AVC arrangements will be able to access the SEI Master Trust
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NewsPRI rules out EMs for next phase of sovereign climate engagement project
An announcement on which additional jurisdictions will be added to the initiative is expected to be made in January 2025
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NewsL&G default contract-based DC fund to target 15% allocation to private markets
L&G claims new funds have potential to deliver value for money and better outcomes in retirement
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NewsBrunel appoints AssetMetrix for private markets data management
AssetMetrix’s platform will enable Brunel to streamline data processing and aggregation, while offering investors greater insights into private market assets
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NewsVerka takes over operational business of German Red Cross pension scheme
Verka will manage close to €4bn by adding the €780m under the Deutschen Roten Kreuz scheme
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NewsIFRIC rejects call to review climate-related intangible assets
Instead, the committee concluded that existing International Financial Reporting Standards offer sufficient guidance for handling such expenditures
