Markets – Page 46
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NewsSwiss pension funds increase interest rates on pension savings
The pension fund for the city of Zurich, Migros Pensionskasse, PK SBB and Publica, among others, have made changes to their interst rates on pensions
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NewsPLSA to further develop recommendations aimed at driving UK growth
The association’s top strategic policy priority for 2024 will be to establish what role pension funds can play in supporting UK growth
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NewsInvestors’ in-house ESG scores diverge more than providers’ ratings
There is just 30% correlation between the ESG scores that asset managers assign to their portfolio companies, compared with 50% for external ratings providers
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NewsBorder to Coast votes against 95% chair re-elections in oil and gas companies
This is up from 31% in 2022, following an updated voting policy for the oil and gas sector
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AnalysisDutch pension funds keep increasing interest rate hedges
Funds increasingly want to protect their funding ratios in the run-up to the pension transition and see an opportunity to lock in rates at current high levels
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NewsPension funds barely contribute to stewardship, claims former sustainability chief
‘Stewardship is a fraction of a pension fund’s fee basis and the highest impact stewardship activities are the least funded within that,’ says Will Martindale
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NewsFrance strengthens SRI fund label to ‘give investors more confidence’
The label can now only be secured by funds that have no exposure to companies developing new fossil fuel assets
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NewsIncreased funding levels raises ‘novel issues’ for funds, SAB says
Funding levels increased from 98% in 2019 to 107% in 2022
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NewsAustrian funds’ assets return to growth to total €205bn
Assets managed by Austrian funds grew by 2.4%, or €4.9bn, year-to-date to €205.01bn, compared with €200bn recorded last year, according to FMA
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NewsEU issues taxonomy guidance for investors, moves forward on regulating ESG ratings
Official political negotiations will kick off on the proposed regulation in January between the European Parliament, Council and Commission
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NewsCorporate strategy and pension schemes’ ESG agendas misaligned, survey finds
Only 37% of CFOs and senior executives reported their corporate strategy and schemes’ ESG agendas are aligned
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NewsPension funds’ allocations to Spezialfonds remain ‘extremely weak’, says Kommalpha
Institutional investors only allocated €31bn net to Spezialfonds mandates at the end of the third quarter of 2023, down from €61bn in the same period last year
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AnalysisGerman companies rethink occupational pension plans
German corporates reorganise their pension plans in a bid to win over talent, fight skilled workers shortage, and exploit opportunities for a flexible transition to retirement
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NewsPension bodies and asset managers disagree over SFDR reform
European Commission acknowledges need to review legal foundations of SFDR and proposes two new options in consultation
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NewsAdepp and ABV to strengthen bond at international level
The associations agreed to strengthen joint actions through a position paper on topics of interest to pension funds for professionals
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NewsLarge Swiss firms fail to assess impact of digital transformation on workforce
However, Switzerland’s largest listed companies researched in Ethos study have improved their scores with regard to digital responsibly
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NewsAustrian pension funds increase exposure to bonds
Pension funds returned 1.88% in the first nine months of 2023, and -1.34% in the third quarter of the year
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NewsICMA and IRSG launch voluntary code of conduct for ESG ratings
‘In the growing market for ESG ratings and data products, the Code will be vital for increasing transparency and trust,’ says ICMA deputy CEO
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NewsMismatch between Dutch funds’ SDG demands and investment opportunities
Bonds that finance projects that contribute to SDG 12 (Responsible Consumption and Production), Life below Water and Life on Land (SDGs 14 and 15) are especially hard to find
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NewsEU mulls taxonomy-based climate benchmark label
The EU has launched a consultation today on a new type of climate benchmark for investors
