All articles by Luigi Serenelli
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AnalysisIPE DACH Briefing: Germany’s third-pillar shake-up draws new entrants to pension market
Plus: German Pensionskassen are looking to pool assets to access specialised investment strategies
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NewsSwiss Tellco intervention seen as proof of effective pension fund oversight
Pension experts say Tellco intervention shows Swiss pension oversight works, despite governance concerns in multi-employer schemes
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NewsGermany’s pension reform to intensify competition and reshape market dynamics
DWS expects fierce competition and warns against state role following Germany’s third pillar pension reform rollout
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NewsIndustry voices caution on supervisory expansion in Swiss pension reform debate
Swiss pension experts warn against overreach as reform review raises supervision and governance concerns
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NewsFirst pillar pension funds exempted from Italy’s out-of-court dispute framework
Italy excludes professional first pillar pension schemes from new Covip-led out-of-court dispute mechanism
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NewsSwiss supervisor puts pension fund under WTW administration
Tellco said the move was necessary due to ongoing disputes between members of the board of trustees
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NewsGermany’s VZB sues former director for investment in insolvent insurtech start-up
The lawsuit has been field for ‘breach of duty’, with damages close to €50m being sought
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NewsItaly’s Fondo Telemaco picks manager for private debt expansion
The strategy will be focussed on SMEs and mid-caps
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AnalysisAsset pooling gains traction as German Pensionskassen consolidate
German Pensionskassen increasingly pool assets and consolidate as costs, regulation and structural pressures intensify
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NewsEthos Foundation condemns CEO pay at largest Swiss banks
Their remuneration reached ‘record levels’ in 2025, according to the Swiss pension fund-backed organisation
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NewsBVK launches new unit to embed 2030 strategy and digital transformation
Germany’s BVK establishes Strategy & Transformation division to implement 2030 strategy while addressing US investment losses
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NewsGerman government, KfW Capital back €1bn Growth Fund II for start-ups
The fund is anchored by €200m from KfW Capital and €120m from the German government
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NewsItaly court blocks state levy on pension funds for professionals
Italy’s constitutional court rules mandatory pension fund transfers unlawful, citing risks to long-term stability
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InterviewsCompenswiss adapts investment strategy to changing outlook for Swiss social security
Frank Juliano, chief investment strategist at Compenswiss, talks about the fund’s new asset allocation choices, as the outlooks of the three social security funds managed by the organisation diverge
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NewsDigital-first rivals push German consultants to adapt amid pension reforms
Germany’s pension reforms accelerate digital and hybrid consulting as neo-brokers capture growing investor demand
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NewsGermany passes private pension overhaul to drive equity investment
Germany approves equity-focused pension reform with cost caps, raising concerns over second pillar competition
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NewsItalian doctors’ fund eyes €120m SME push through National Strategic Fund
Enpam tenders €120m domestic equity mandate via Fondo Nazionale Strategico Indiretto to support Italian SMEs and market liquidity
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NewsRecord funding ratios prompt DAX firms to rethink pension strategies, allocations
DAX firms achieved a 2.2% return on pension assets through active management, navigating a challenging economic and geopolitical environment, says WTW
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NewsDental pension fund swaps Apollo loan for direct financing in de-risking move
VZB, Berlin’s dental pension fund, replaces Apollo loan with direct financing to mitigate economic and legal risks
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NewsMandatory pensions seen as key to boosting SME coverage, German study finds
German SMEs favour mandatory pensions as low-earner coverage weakens and voluntary schemes lose traction




