All articles by Luigi Serenelli – Page 24
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NewsSwiss pension funds return 6.6% year-to-date in 2024
Events in the second quarter took the shine off a stronger first quarter
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NewsEnasarco grows exposure to Italian banking sector
Italian pension fund sees sector as of ‘strategic interest’
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NewsEurofer removes Amundi’s total return mandate
The scheme plans to allocate 10% of its ‘Bilanciato’ and ‘Dinamico’ sub-funds assets to alternative investments
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NewsScheme for Italian psychologists ups private market investments
It has committed €196.8m to private equity and venture capital investments, €98.8m to private debt and €17.4m to infrastructure
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NewsAssofondipensione works on bond yield guarantee for fund of funds
The FoFs would have a two-tier structure, with one part of the assets invested in private equity to support the Italian real economy
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NewsItalian securities market regulator calls for improvement in ESG transparency
Regulator warns financial intermediaries that information on sustainable investment products has to be ‘increasingly clear, concise and understandable’
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NewsFunding ratios of German corporate schemes hit unprecedented level
The funding ratio of pension plans of DAX companies improved to 84%, similarly, the funding ratio for pension plans of MDAX companies improved to 84.8%
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NewsGermany sees growing popularity for Rürup Rente
Meanwhile, Riester-Rente contracts offering pension guarantees are collapsing
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NewsTK Pensionsfonds cuts equity in favour of private markets in new allocation
The corporate pension scheme has also increased its investment target to euro corporate bonds, assigning a new mandate for the asset class
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NewsItaly’s complementary pension schemes record 8% contribution growth in H1
The number of members signing up for complementary pensions at the end of June 2024 grew by 2.3% to 10.9 million
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NewsZürcher Kantonalbank buys consultancy Complementa
Markus Wirth, currently head of custody at Zürcher Kantonalbank, will become the new Complementa CEO
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NewsAba calls for changes to second-pillar reform draft in upcoming legislative process
The association says draft bill fails to make ‘big steps’ forward, protecting existing or vested benefits
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NewsBaFin changes supervisory practice following ESMA’s fund names guidelines
ESMA’s guidelines will ‘completely replace’ BaFin’s old supervisory approach, says BaFin’s Thorsten Pötzsch
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NewsBASF Pensionskasse amasses €4.6bn in new fund of funds
The scheme has seen an increase in its allocation to European bonds and global bonds, offset by a decline in emerging market bonds
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NewsGerman church scheme shifts strategy towards bonds in developed countries
As a result, equity investments were cut, particularly European stocks
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NewsSecond-pillar pension reform can impact employers’ costs, says APK
New thresholds affect almost all members and employers, leading to higher costs for occupational pensions and additional administration
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NewsItaly’s pension funds association expects to raise €500-600m for FoFs with EIF
Assofondipensione plans to set up FoFs for infrastructure, private equity, private debt, and possibly venture capital, with European Investment Fund
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NewsSocial partners slam German government’s plans to cut first-pillar funds
Germany plans to reduce public subsidies for the pay-as-you system between 2025 and 2027
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NewsItalian vets scheme picks bfinance to design sustainable investment policy
Enpav’s investment strategy has so far lacked the integration of ESG criteria
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NewsSwiss pension funds gauge impact of second-pillar reform
Stiftung Auffangeinrichtung BVG says would record lower losses of around CHF3m per year following the reduction of the conversion rate





