All articles by Luigi Serenelli – Page 25
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NewsPrevindai picks Mercer to review sub-funds’ strategies
The scheme could also consider setting up a new sub-fund, investing with a cautious approach, and a life-cycle option
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NewsInarcassa reshuffles global government bond portfolio
The scheme invests €2bn in government bonds, mainly in Italian fixed income
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NewsGermany’s Bundesrat raises concerns over first-pillar pension reform
The draft law to reform the first pillar pension system is insufficient to place the pay-as-you-go system on a financially sustainable footing, it says
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NewsIntesa Sanpaolo DC scheme swaps Japan and EM equity funds
The scheme made the replacements due to the funds underperforming the set benchmark
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NewsSwiss association urges asset owners to hold managers accountable for stewardship
‘We are not activist investors,’ says AMAS CEO
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NewsSOKA-BAU to kick off private debt investment programme
The strategic investment target is worth 5% of the total assets of ZVK and ULAK, the two funds under SOKA-BAU’s management
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NewsMonte dei Paschi scheme to make further investment in private markets
The pension fund has issued a tender for infrastructure, private debt and private equity
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NewsKENFO could become Germany’s central public sector asset manager
KENFO CEO Anja Mikus says it would manage the assets of the first pillar generational capital fund (Generationenkapital) in the long term
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NewsGerman government plans incentives for longer working life
The German government is planning incentives to make people work longer beyond the statutory retirement age, as the country’s labour market faces a shortage of skilled workers and as baby boomers retire. The government wants to start making unemployment insurance payouts to employees originally paid by employers, as incentives for ...
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NewsGerman pension funds to set up service platform for Pensionskassen
Caritas and Kölner pension schemes were among those suffering from a protracted period of low interest rates
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AnalysisInvestment governance of Swiss pension funds is put to the test
CFA Society Switzerland position paper sets recommendations to fine-tune the investment governance of Swiss pension funds
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NewsGerman far-right party supports pension plans linked to citizenship
The investment policy of such plans would look like that of the Swedish AP7 fund, investing heavily in equity, and without ESG restrictions imposed on fund managers
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NewsSustainable Finance Beirat proposes climate-saving plans with tax benefit
The state can use the private capital in the saving plans to finance infrastructure for the economic transition
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NewsCERN pension fund posts negative returns while other schemes rebound
Swiss pension funds achieved average net returns of 5.1% in 2023, according to Swisscanto
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NewsBayer Pensionskasse invests €950m in fixed income
The scheme pushed for investments in interest-bearing registered securities to keep the weight of the asset class stable in the long term
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NewsKENFO overshoots target return as it continues illiquids expansion
The pension posted a return of 11.1% in 2023, the highest annual return to date, compared with -12.2% in 2022, and against a target return of 4.2%
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NewsSwiss scheme expands credit investment to banks and infrastructure companies
LUPK’s funding ratio rose by 3.8 percentage points year-on-year, from 105.9% in 2022 to 109.7% in 2023
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NewsIntesa Sanpaolo DB fund picks managers for equities, bonds
Several mandates were re-tendered, with Eurizon Capital picked for bonds, Schroders for global equity, Azimut for European equity, and Pictet for US equity.
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Country ReportENPAM looks to preserve cash flow
In February 2024, the board of ENPAM, the first-pillar pension fund for doctors and dentists, approved plans for the fund to transition to an asset liability management (ALM) model that will focus on liability-driven investment (LDI).
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Country ReportPrevimoda fine tunes for better results
In 2023, Previmoda, the pension fund for the fashion and textile sector, rejigged the strategic asset allocation of its sub-funds Smeraldo Bilanciato, which has a higher exposure to fixed-income, and the equity-focused Rubino Azionario.
