Danish supervisor finds failings at P+ around green pensions product
Pension fund for academics scolded for counting companies with CO2 target as those meeting an environmental objective
Baden-Württemberg to use €200m in pension assets to fund budget
German states are increasingly tapping civil servant pension reserves and suspending contributions to ease mounting public spending pressures
Swiss pension funds investigate potential data breach after cyber attack
Members’ salaries, pension assets and contact details may have been exposed in a cyber attack on a Swiss software provider
Superfunds top DB endgame shortlist but barriers remain
Regulatory uncertainty, funding readiness and first-mover concerns could constrain superfund growth despite rising trustee interest
PensionsEurope calls for greater flexibility for pension funds under SFDR 2.0
Position paper published as Parliament confirms it is ready to start trialogues on regulation
UK pensions regulator presses DC schemes on value and DB trustees on surplus
The Pensions Regulator urges trustees to plan for DB endgames and prepare for new value-for-money and retirement requirements for DC schemes
Investors losing faith in ESG ratings, finds survey
MSCI is the only provider to improve its score since 2023, according to latest report from ERM
People moves: LGPS Central names general counsel
Plus: AP7 appoints head of comms; Aptia names chief operating officer
National collective pension scheme for social care workers marks ‘vote of confidence’ in CDC
WTW’s head of CDC expects a social care scheme could become ‘a blueprint’ for industry-wide ‘whole of life’ CDC schemes
Investors expect climate impacts to hurt asset prices, influence strategic asset allocation
Survey by Robeco comes just a week after EIOPA named extreme heat as top climate risk
BaFin tightens insolvency reporting rules for German pension vehicles
The financial supervisor’s move comes in the wake of reforms that came into effect at the beginning of the year
NBIM governance chief’s role to disappear from board after Smith Ihenacho exit
Norwegian sovereign wealth fund to reorganise areas under Carine Smith Ihenacho when she leaves, bringing active ownership into active management department
ATP expands tally of counterparties amid concern over bank exposure
Danish pension fund tries to limit cash deposit levels, investing in short-term bonds rather than having a large bank exposure
Investors warn EU methane rule delays could undermine regulatory certainty
Asset owners including AP3, AP7, PFA Pension, PKA and NEST warn weakening EU methane rules could increase uncertainty and undermine climate-risk management
EU challenges Italy’s tax breaks for domestic-focused savings plans
Brussels says Italy’s tax-advantaged savings rules discriminate against foreign companies and hinder cross-border investment across EU capital markets
EIOPA flags private credit, reinsurance risks at private equity-backed insurers
EU insurance watchdog highlights illiquid assets, complex reinsurance and conflicts of interest as private equity ownership grows
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New German pension valuation rules could raise corporate liabilities
Higher values for underlying securities could increase German companies’ pension provisions and create greater exposure to market fluctuations
Investment returns should drive DC value-for-money tests, says TPR chair
TPR chair Emma Douglas says investment performance should carry greater weight as regulators reshape DC value-for-money assessments
UK pensions minister shifts focus from providers to employers in growth agenda
‘Employers are sometimes treated as a sideshow in the pension system, but this hugely underestimates their influence’, says Torsten Bell
French regulator asks EU to strengthen PAI and transition plan rules in SFDR 2.0
AMF recommends that a credible transition plan should be based on a ‘recognised framework regarding compatibility with the Paris Agreement’
EESC calls for EU committee to monitor pension reforms’ social impact
European Economic and Social Committee wants an EU committee to monitor pension reforms, retirement incomes, inequality and poverty across Europe
NEST commits £3.5bn to advance emerging markets equity strategy
The new strategy will leverage Wellington’s deep, proprietary fundamental research across countries, sectors and companies in emerging markets
German economists warn against watering down pension reform package
Political pressure is mounting over Germany’s pension reforms, but 46 economists are urging the government to preserve the package intact
NBIM says key market stakeholders must pull together to guard shareholder rights
Norwegian SWF manager worried about erosion of shareholder rights in many markets, ‘putting investor confidence and long-term value creation at risk’
Finns oppose pension cuts despite fears of future benefit reductions
TELA chief Sirén warns Finns are ‘uncertain and unclear about the direction the pension system is heading’ as political debate continues ahead of 2027 elections
Aegon AM to transfer €26bn Dutch fiduciary business to Van Lanschot Kempen
Aegon AM’s Dutch fiduciary assets will shift to Van Lanschot Kempen as the firms deepen their partnership in alternative fixed income
Osmosis revises equity factors to capture innovation and resource risks
The firm has launched iSTOXX Osmosis Multi Factor Transition Indices, which offer single-factor, multi-factor and sustainability-integrated strategies
UK regulator drops mandatory climate reporting
Plus: Local Authority Pension Fund Forum calls for votes on transition plans
People moves: L&G names managing director for European asset management
Plus: AllianceBernstein picks president and CEO; Aptia appoints head of corporate pension consulting
EU labour mobility plans put cross-border pension tracking in focus
EU plans to digitise social security documents could reshape pension information for mobile workers across borders and abroad
Caisse des Dépôts to scrap new debt financing to oil producers
The restriction will apply to companies such as TotalEnergies from January 2027
Rothesay leads pension risk transfer market in first half with 28% market share
Number of insurers bidding on transactions increase by around 50%, says LCP
DTCP latest defence fund to attract Danish and Nordic capital
EIFO and Danica have committed DKK500m and DKK375m, respectively
Italian pension fund chief proposes fund to unlock domestic private markets
State-backed protection could help channel more of Italy’s €262.6bn pension savings into domestic private markets
EIOPA pledges to cut regulatory complexity across insurance, pensions
European Insurance and Occupational Pensions Authority outlines further steps to cut regulatory complexity across Europe’s insurance and occupational pensions sectors
FRR retenders transition management mandates
France’s pension reserve fund is seeking two providers to support portfolio changes under renewed transition management mandates
Arco Group pension fund completes £135m transfer to Clara-Pensions
The agreement forms part of a wider corporate transaction involving Arco, demonstrating the role superfunds can play in supporting M&A
Asset managers shift from product expansion to rationalisation
Northern Trust research finds that asset managers are cutting products, outsourcing operations and tightening costs as AI reshapes growth strategies
ESMA confirms it will rethink ESG fund-naming rules
ESMA will also tackle the taxonomy, electronic tagging and SFDR 2.0 in 2027
VBV Group integrates severance and pension funds’ boards
As part of the reshuffle, in October, Christian Reiss will assume the position of CEO of the severance fund
European investors stay bullish on energy transition despite geopolitical risks, IFM finds
Survey finds 81% of EMEA investors see long-term energy transition opportunities, even as geopolitical instability and inflation weigh on portfolios
Achmea sets up EM debt impact vehicle with ILX for Dutch pension funds
Netherlands’ fourth-largest pensions manager links up with specialist asset manager to provide access to loans originated by development banks
UK government urged to set clear timetable for increasing automatic contributions
Pensions UK research shows support from public and employers for increasing automatic contributions
ABP commits €1bn to European venture capital over three years
Europe’s scale-up funding gap is drawing €1bn from ABP, as Brussels seeks greater pension investment in venture capital
Dutch regulator backs tougher IORP II pension cost transparency
AFM warns proposed IORP II amendments could weaken transparency over direct and indirect pension costs
Austria pension reform targets longer-term investment and higher returns
Millions of Austrian employees could gain access to supplementary pensions as provident funds adopt longer-term investment strategies
Danish pension fund P+ awards €200m European private equity mandate
The appointment signals a growing demand among Nordic institutional investors for access to Europe’s private equity landscape
Glass Lewis, Clarity AI combine sustainability data and stewardship
Glass Lewis says Clarity AI data will not affect voting recommendations as the firms develop connected workflows for pension funds.
UBP shifts beyond 100% SBTi coverage
Union Bancaire Privée is replacing its target of achieving 100% Science Based Targets initiative coverage across its impact portfolios by end-2026
People moves: Pensions UK adds quartet to board
Rachel Brothwood was appointed chair of Pensions UK’s policy board, succeeding John Chilman, who will continue on the board until the end of his term in October 2027
