All articles by Luigi Serenelli
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NewsLufthansa plans buyout take-off abroad to ease balance sheet turbulence
Airliner plans overseas DB pension buyouts to cut balance sheet risk, with Germany firmly off limits
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NewsDemographics and labour shifts strain Italy’s first-pillar pension funds
Italy’s first-pillar pension funds face mounting pressure from ageing demographics, falling membership and labour market shifts
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NewsItalian pension funds fight employer contribution portability
Italian pension funds warn budget law portability plans could weaken collective schemes and erode workers’ retirement outcomes
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NewsGerman doctors’ pension fund makes first foray into crypto
First-pillar fund for physicians commits to €17m through two ETPs following a two-year test
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NewsGenerali scraps plans to create joint venture with Natixis Investment Managers
Generali and BPCE, Natixis IM’s owner, failed to reach a final agreement following a non-binding memorandum of understanding signed in January
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NewsItalian pension fund moves €2.16bn to Luxembourg platform in new strategy
The overhaul coincides with the rollout of BCC CRA’s 2025–27 strategic asset allocation for its three sub-funds
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NewsGerman pension fund shuts down after capital collapse
Financial supervisor BaFin has revoked Babcock Pensionskasse’s licence to conduct business
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NewsGermany’s pension reform unlikely to lift DC take-up
Germany’s pension reform introduces targeted measures, but consultants warn it won’t significantly boost DC plan uptake
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NewsDAX pension funds ramp up private markets as DC overhaul reshapes demand
Mercer expects German corporate pension funds to boost private markets exposure, combining core infrastructure and senior private debt
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NewsGerman pension funds cool on Asia as risks mount
SOKA-BAU winds down China exposure, while KZVK and NÄV grow cautious on Asia
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NewsDow unifies German pension plans with new auto-enrolment set up
New employees joining any German Dow site from this year are automatically enrolled on the Dow Pension Plan
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NewsGerman companies pressed to fast-track Pensionsfonds transfers before tax cuts
Mercer urges German companies to fast-track any planned expansion of direct pension promises or benefit upgrades
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NewsGerman dentists’ fund faces major losses amid probe into past mismanagement
Pension fund VZB is trying to avoid pension cuts
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NewsPension providers warned to modernise as young savers migrate to markets, digital platforms
Young savers are turning to markets and digital tools, pushing pension funds to engage effectively
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NewsSwiss pension funds recalibrate US Treasuries exposure
The Swiss bond market is too small to meet the demand for bonds from Swiss pension funds, says PPCmetrics
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NewsCommerzbank reshapes asset management in bid to drive further growth
The reorganisation involved the establishment of Commerz Real Capital as a new distribution company
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NewsItalian pension funds reassess market risks while redrafting strategies
Italian Casse rethink allocations, expand private markets and deepen domestic exposure despite mounting macro risks and constraints
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NewsAstraZeneca favours buyouts to offload German DB liabilities
Pharmaceutical group rules out consolidating its German pension plans due to impracticalities
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NewsZurich’s PKZH cuts bonds and doubles down on growth assets
Pension fund tightens investment strategy in response to weaker long-term bond return expectations in Switzerland’s entrenched low interest-rate environment
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NewsSwiss pension funds weigh FX hedging as risk appetite rises
Rising equity allocations and a softer dollar are forcing Swiss pension funds to rethink how tightly they hedge FX
