Markets – Page 46
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NewsSwiss investors weigh up illiquids as valuation uncertainties mount
PPCmetrics is currently observing ‘great uncertainty’ as to whether the stated valuation of some illiquid assets reflects their true value
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NewsACA sets up steering group to assess risk and opportunities of AI for pensions
The group will be chaired by LCP partner Alex Waite and to date is made up of members from Aon, Barnett Waddingham, Buck, Isio, Mercer and XPS
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NewsProfond returns 4.6% despite market volatility
The pension fund recorded a 4.6% return and a funding ratio of 107%
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NewsAustrian provident funds increase allocation to bonds, equities
FMA’s report also showed that the pension schemes reduced their allocation to real estate
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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
