All articles by Luigi Serenelli – Page 8
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Germany decides against immediate fossil fuel exit for €53bn government pension investments
Government will steer investments to reduce greenhouse gases emissions and CO2 intensity, in line with national and international agreements on climate, to transition to a net-zero economy
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Italy’s Foncer reviews investment strategy to bolster private asset allocation
Foncer has reviewed the limit for investments in its Bilanciato sub-fund, that invests in private assets
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Swiss internal affairs ministry to investigate social security costs
The Internal Affairs Ministry in Switzerland will start an administrative investigation after mistakes were made to gauge the financial outlook of the first-pillar AHV
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Italian pension fund revises strategy to invest in tech start-ups
The new strategy will focus on Alternative Investment Funds (AIFs) for venture capital investment in small companies and start-ups -
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Broaden DC scheme access to SMEs, say German employers
Industry employers’ body calls for broadest possible access to DC plans, including to SMEs that do not yet offer occupational pensions
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Backlash in Switzerland over economist’s second-pillar cost transparency claims
Rudolf Strahm said asset management costs are CHF1.5bn higher than those calculated by the federal statistics office
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Swiss 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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Enasarco grows exposure to Italian banking sector
Italian pension fund sees sector as of ‘strategic interest’
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Eurofer 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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Scheme 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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Assofondipensione 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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Italian 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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Funding 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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Germany sees growing popularity for Rürup Rente
Meanwhile, Riester-Rente contracts offering pension guarantees are collapsing
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TK 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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Italy’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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Zürcher Kantonalbank buys consultancy Complementa
Markus Wirth, currently head of custody at Zürcher Kantonalbank, will become the new Complementa CEO
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Aba 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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BaFin 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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BASF 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