All articles by Luigi Serenelli – Page 50
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NewsEmergency rules trigger AT1 bonds write down in UBS/Credit Suisse deal
Pension funds holding AT1 bonds, also referred to as CoCo bonds, can suffer losses as a consequence of the decision taken by FINMA
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NewsUBS/Credit Suisse: Swiss pension funds face cumulative counterparty risk but low losses
The country’s largest pension fund, Publica, started to reduce its exposure to Credit Suisse at the beginning of 2022
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NewsAsset owners target top management performance at AGMs
Decisions on ESG and executive pay are also top priorities
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NewsCredit Suisse, UBS pension funds to remain separate entities for now
Swiss Association of Bank Employees is demanding support particularly for older employees (over 55) in case of layoffs through early retirement
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NewsSwiss pension funds fear Credit Suisse/UBS deal will knock competition in banking sector
Takeover could hinder ability of pension funds to negotiate conditions with banks
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NewsSwiss parliament approves second pillar reform
The threshold to join a Pensionskasse would equal under the new regime to a salary of CHF19,845 per year
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NewsPension schemes bump insurers down as top investors in German Spezialfonds
Spezialfonds managed pension scheme assets totalling €530.4bn at the end of December last year, equivalent to a market share of almost 28%
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NewsSwiss MPs draw up proposal to set aside disagreements on second pillar reform
The reform plan proposed by the Council of States would cost around CHF100m more per year than the version proposed by the National Council
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NewsPension funds to join class action against EY in Wirecard case
The volume of claims will likely reach €1bn
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NewsInarcassa hedges equity exposure, resumes private markets allocations
According to the new strategic asset allocation for 2023, Inarcassa is increasing its allocation to bonds by 3%, while reducing equities by 1.5%
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NewsAUM of Austrian pension funds grow to €24.35bn in last quarter of 2022
Market volatility last year led to pension funds’ overall negative performance (-9.68%), compared to a positive 9.68% in 2021
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NewsESG rating changes do not impact short-term stock performances, study finds
Researchers used ESG ratings from Vigeo Eiris and MSCI
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NewsBaFin updates guidelines on taxonomy-compliant gas and nuclear investments
The new guideline does not apply if nuclear energy and fossil gas are excluded from the pool of investments
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NewsDWS settles greenwashing case for ESG Climate Tech fund
Commerz Real taken to court as it fails to provide sufficient info about klimaVest
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NewsAustria sees AUM increase in real estate, private equity funds
The country’s fund industry saw assets declining by 13.2% to €200.2bn last year
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NewsBaden-Württemberg to invest €17bn in line with ESG standards
The largest part of the sum, totalling €10bn, comes from the state’s pension fund
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NewsBaFin gives go-ahead to engagement platform for asset owners, managers
Sustainable finance advisory committee to set up platform and publish taxonomy paper, while taking clear stance on ESMA’s ESG consultation
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NewsCometa opposes CEO remuneration, but in favour of labour rights at AGMs
The Italian pension fund has opposed high pay, or pay not linked to ESG goals, of managers at Siemens, Deere & Co, and Compass Group
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NewsGerman association of professionals consults on new DC pensions model
Professionals who are not bound by collective bargaining agreements, including those from other professions, can join the social partner model
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NewsSwiss second pillar reform faces hurdle on member wage threshold
Political parties in parliament broadly support lowering the conversion rate from 6.8% to 6%
