All articles by Luigi Serenelli – Page 7
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News
KENFO 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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News
German 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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News
German 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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Analysis
Investment 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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News
German 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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News
Sustainable 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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News
CERN 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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News
Bayer 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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News
KENFO 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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News
Swiss 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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News
Intesa 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 Report
ENPAM 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 Report
Previmoda 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.
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Opinion Pieces
Switzerland’s refreshing bottom-up approach to regulation contrasts favourably with the EU
Switzerland’s bottom-up approach to sustainable investing and ESG reporting rules seems to be travelling in the opposite direction to the path chosen by the EU.
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Country Report
Italian pension funds fine-tune asset allocation
Growing appetite for private market investments, amid shifting equity and bond portfolios, are keeping Italian pension funds busy
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Country Report
Italy Country Report 2024: How local pensions could support the economy
The Italian pension industry and policymakers are discussing ways to channel more pension investment towards the country’s business sector
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News
Swiss cabinet calls for dismissal of pension funds’ cost-transparency motion
Existing rules already guarantee a high level of transparency, the government says
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News
Cassa Forense urges tax cuts to boost domestic investments
A ‘reward’ in the form of a lower levy should come from parliament and government for pension funds managing assets invested in Italy, says scheme’s president
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News
Höchster Pensionskasse VVaG targets direct bond investments, avoids real estate
The pension fund expects real estate valuations to fall in 2024, which could impact dividends from indirect real estate investments
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News
Ethos launches first SFRD 9 fund with Banque Cantonale Vaudoise
Fund managers will focus on companies whose products, services, or behaviour are in line with values set out in the Ethos Foundation Charter