All articles by Luigi Serenelli – Page 5
-
NewsSwiss pension funds refuse to apply regulator’s rule on savings interest
OAK BV is tightening oversight on pension funds exposed to systemic risks
-
NewsGermany, France target European venture capital platform funded by pension capital
An expert panel led by former French central bank governor, Christian Noyer, and former German finance minister, Jörg Kukies, has delivered recommendations to scale up European venture capital market
-
NewsSwiss schemes tread carefully on private equity continuation funds
Swiss pension funds weigh opportunities in private equity continuation funds while remaining cautious over governance and conflict risks
-
Country ReportRisks mount for Swiss pension funds’ AT1 bond portfolios
These bonds remain marginal in Swiss pension funds’ portfolios, but some retain their holdings despite growing default risks and potential future legal battles
-
Country ReportSwiss pension funds eye private markets with caution
Hesitation about private equity is counterbalanced by investor demand for infrastructure and domestic real estate assets
-
AnalysisIPE DACH Briefing: German professional pension funds wrestle with losses
Plus: VdW Pensionsfonds struggles to appoint internal team; PKBS continues US equity strategy
-
NewsMarket fragmentation exposes German pension funds to losses
German pension market fragmentation, weak oversight, and risky strategies leave funds exposed to huge investment losses
-
NewsSwiss pension funds sail through index concentrations with positive returns
Swiss pension funds recorded an average performance of 5.9% last year, corresponding to investment returns of CHF70bn, says Complementa
-
NewsGerman companies curb support fund contributions
New occupational pensions in support funds fall sharply as employers conserve cash
-
NewsTax incentives push Italian pension funds deeper into venture capital
Regulation on tax-deductible investments has accelerated Italian pension funds’ entry into venture capital
-
NewsSwiss pension funds edge towards total portfolio investing
Consultants say pension funds in Switzerland are showing growing interest in the approach, with some already aligning their investment strategies accordingly
-
NewsGermany misses auto-enrolment momentum, experts say
Lawyers and consultants say Germany’s pension reform curbs opt-out models and blocks wider take-up of occupational pensions
-
NewsBVK members line up lawsuit over failed US real estate investments
BVK has so far disclosed write-downs of €163m for 2024 and has warned of the risk of a further €690m in losses linked to development and renovation projects
-
NewsDAX pension funding hits record 93% as liabilities shrink
Pension assets at DAX firms rose by €12bn, from €261bn to around €273bn year-on-year, despite a volatile year in financial markets
-
NewsItalian pension funds warn portability reform will drive up costs
Andrea Mariani, director of Fondo Pegaso, the pension fund for utilities workers, also warns that portability undermines long-term investment
-
NewsSwiss regulator flags ‘acute’ systemic risks at multi-employer pension funds
OAK BV expects a ‘structured assessment of financial risks’, taking into account pension funds’ assets, liabilities, changes in membership structure, and other key factors
-
NewsSwiss pension fund sticks to US equities despite concentration concerns
Pensionskasse Basel-Stadt had considered broader geographic diversification, including a potential reduction in US exposure
-
NewsGerman dentists pension fund launches lawsuit over €1.1bn investment hole
The case targets ApoBank, audit and consulting firm Forvis Mazars, the city of Berlin, and nine former and current VZB committee members
-
NewsMembers demand government rescue as German dentists’ pension fund faces €1.1bn losses
Members of VZB are calling for political intervention and the creation of a special fund to secure dentists’ pensions
-
NewsMigros pension fund drops Paris-aligned index over concentration risk
It has switched to a bespoke MSCI Climate Action Index to reduce portfolio concentration while continuing to support the transition to a sustainable economy
