Latest News from IPE – Page 139
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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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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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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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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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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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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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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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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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NewsFrance strengthens SRI fund label to ‘give investors more confidence’
The label can now only be secured by funds that have no exposure to companies developing new fossil fuel assets
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NewsDutch pensions minister warns against consequences of referendums
New political party NSC, which is currently in negotiations to form a government, wants all pension funds to organise a referendum on the transition from DB to DC
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NewsIncreased funding levels raises ‘novel issues’ for funds, SAB says
Funding levels increased from 98% in 2019 to 107% in 2022
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NewsAustrian funds’ assets return to growth to total €205bn
Assets managed by Austrian funds grew by 2.4%, or €4.9bn, year-to-date to €205.01bn, compared with €200bn recorded last year, according to FMA
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NewsPharmacists to complain about Boots and L&G buy-in deal
Pharmacists union members plan to complain about the removal of an unreduced pension option following Boots and L&G transaction
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NewsBaFin gives Frankfurter Leben green light to take over Generali pension fund
Generali expects to cash in approximately €300m after tax from the disposal
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NewsAba expects ‘small changes’ to rules on underfunded pension funds
The association also expects possible changes with regard to the definition of Pensionskasse
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NewsDutch harbour pilots to see 8% pension rise in new system
The rise is applicable at the fund’s current funding ratio of 121%
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NewsEU issues taxonomy guidance for investors, moves forward on regulating ESG ratings
Official political negotiations will kick off on the proposed regulation in January between the European Parliament, Council and Commission
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NewsIceland sets up pensions research institute, linking with Denmark’s PeRCenT
Housed at University of Iceland, new institute aims to promote research and increase understanding of pension matters
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NewsCorporate strategy and pension schemes’ ESG agendas misaligned, survey finds
Only 37% of CFOs and senior executives reported their corporate strategy and schemes’ ESG agendas are aligned
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NewsPension funds’ allocations to Spezialfonds remain ‘extremely weak’, says Kommalpha
Institutional investors only allocated €31bn net to Spezialfonds mandates at the end of the third quarter of 2023, down from €61bn in the same period last year
