Markets – Page 53
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NewsGerman employers group slams government’s plan to cut funds to first pillar scheme
A further reduction in the amount of public subsidies for first pillar pensions mean contribution rate will have to increase again sooner, or to a greater extent, says BDA
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NewsSwiss corporate schemes’ funding ratios fall to two year low
WTW recommends companies to closely monitor changes in discount rates this year
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NewsNumber of trustees planning to step down decreases, survey shows
Charles Stanley survey shows number of trustees planning to step down within three years decreased to 73% from 80% the previous year
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NewsAsset managers’ backing of ESG resolutions falls to three-year low
ShareAction is urging asset managers to rethink voting policies seen during the last AGM season
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NewsGerman companies look to support funds with high interest rate
In 2023, service providers and consultants recorded revenues growth of almost 20% compared with the previous year
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NewsUS GAAP stumbling block for Dutch DC switch
Several pension funds told regulator DNB the matter prevents them from making the transition to DC
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NewsPKBS adjusts investment policy to navigate interest rate volatility
To fend off interest rate volatility, PKBS cut the strategic quota it held in bonds
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NewsUK pensions groups call for pension fund clearing exemption to be retained
The UK’s HM Treasury consultation on pension funds’ exemption from the clearing obligation closed on 5 January
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NewsDemand for natural capital managers outpaced real estate in 2023
Report by bfinance found that more than 50 asset managers now provide natural capital strategies
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NewsMorningstar expects up to 300 funds to opt for sustainability label
The most popular label for managers will be ‘sustainability focus’, which requires a fund to invest in sustainable assets, says Morningstar
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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
