Pensions Insurance Corporation Group acquired for £5.7bn
PIC will be held by a single strategic owner for the first time in its 20-year history
Fondo Byblos cuts equity exposure, eyes private markets
Managers appointed include AXA IM, Groupama, AllianzGI, Payden & Rygel and Eurizon Capital
Multi-country initiatives could help move SIU goals forward, says OECD
Preferential tax treatment still a ‘formidable challenge’ for development of EU-wide savings and investment products
KZVK winds down equity risk derivatives as part of portfolio overhaul
The €36bn German occupational pension provider for employees of the Catholic Church plans to reconfigure its equity risk management framework this year
People moves: Redington’s chief to step down
Plus: LGPS Central to replace chair Joanne Segars; Aon MasterTrust appoints independent trustee
Norway launches independent review of SWF’s active management
Academics Trond Døskeland and André Wattø Sjuve of Bergen’s NHH appointed as expert group
IFS review highlights structural flaws in UK pension system
UK’s Institute for Fiscal Studies calls for urgent reform
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Pensions and Lifetime Savings Association rebrands with new strategy
The new name aims to reflect the importance of pensions in people’s lives and economic growth
Metzler targets SMEs with new pensions vehicle
Firm launches Mittelstands Pensionsfonds targeting SMEs, covering a wide range of industries
UK fiduciary management AUM hits £272bn as mandate sizes grow
Quantum Advisory’s latest report shows a decline in the number of mandates seeking high returns
Intesa Sanpaolo pension fund awards €700m in tail-risk mandates
The tail-risk mandates are part of the scheme’s broader strategy to weather ‘deeply uncertain’ macroeconomic environment in 2025
Hymans Robertson launches checklist for defined benefit pension funds
It is crucial for DB schemes to follow clear process in run-on journey, says Sachin Patel, head of corporate DB
Shell pension funds pick GSAM as new fiduciary manager
The decision means that Shell Asset Management Company (SAMCo) will be wound down in due course
Investors urge EU legislators not to take an axe to sustainability laws
CSRD and CS3D are ‘essential’, claim 80 financial institutions
Supervisors flag ‘inadequate’ sustainability staffing at some asset managers
Managers have between 0.5 and 16 employees charged with integrating sustainability risks, but some aren’t qualified, claims research
NBIM, UNICEF launch disclosure code for companies around child rights online
Failure to respect children’s rights can have harm businesses and lead to lawsuit risk, says Norwegian SWF manager
Trustees urged to respond to consultation on financial advice overhaul
Pension fund trustees are among the stakeholders the FCA is seeking input from on ‘targeted support’ consultation
Molins UK Pension Fund completes £249m buy-in with Aviva
The transaction secures the benefits of over 3,500 members of the scheme sponsored by Mpac Group
Relief for pension funds as retaliatory tax code dropped from US budget bill
Section 899 pulled after G7 countries agreed to exempt US companies from parts of global minimum tax rate deal
Fondo Espero appoints Schroders, Amundi for ‘Crescita’ sub-fund
The €1.5bn Italian pension fund for school employees has also selected Eurizon Capital for a tail risk hedge mandate
BVV restructures management as it targets new industries for DC plans
German pension fund appoints CIO and chair of three pension vehicles
KLP divests US, German firms for supplying IDF in Gaza
Denmark’s AkademikerPension relaxes responsible investment policy on defence
Jesal Mistry to leave Legal & General Investment Management
Mistry has helped L&G navigate the Mansion House agenda driven by the UK government
LGPS fund commits £25m to nature-based infrastructure fund
West Yorkshire Pension Fund backs firm that aims to raise £10bn for nature-based infrastructure over the next decade.
Collaboration between UK government and investment industry is crucial to support growth
‘Our ambition is for the UK to become the world’s most innovative full-service financial centre—and we’re already making progress’, says investment minister
Pension funds become embroiled in Italy’s banking M&A battles
Cassa Forense, Enasarco, Enpam and Inarcassa face questions over their stakes in Monte dei Paschi di Siena, Mediobanca, and Banco Popolare Milano (BPM)
Staples pension fund concludes buyout with Aegon
The Dutch company pension scheme, with €660m in assets under management, has been closed since 2015
NBIM calls for investor-driven clarity in sustainability disclosure reforms
In a response to the ISSB’s Exposure Draft on amendments to IFRS S2, NBIM cautioned against changes that could undermine coherence or comparability
FCA probes risk trade-offs in push for UK growth
FCA’s Kate Collyer stresses the importance of understanding the potential trade-offs when introducing more risk
UK launches consultations on ISSB, transition plans and sustainability assurance
Announcement comes as GRI unveils two new climate standards
Baker Hughes completes three buy-ins worth £900m with PIC
The transactions secure pensions of over 3,000 pensioners and dependents, and nearly 4,000 deferred members
Laborfonds adds managers, launches satellite equity portfolio
Manager selection process enabled pension fund to cut management costs by more than 10%
UK VC ESG data harmonisation bid seeks to support Mansion House pledges
British Business Bank, BVCA and Venture ESG to convene institutional LPs to agree ESG reporting requirements
Investors call for corporate and government action on toxic chemicals
Investors have also put their name to a statement urging more action to combat air pollution
AXA IM debuts Equity Shield funds with DC scheme seeding £200m
The products – Equity Shield 75 and Equity Shield 80 – form part of a new Equity Shield strategy
People moves: UK’s NEST confirms Ian Cornelius as CEO
Plus: LGPS Central appoints Nigel Peaple as director of policy; EFAMA elects new president, vice president
Shifting global dynamics set stage for local currency emerging market debt revival
Institutional investors poised to maintain or increase EMD allocations despite macroeconomic uncertainty
Denmark’s PBU invests in global goals fund with guarantees against losses
Anchored last autumn by PFA, PKA, P+ and PenSam, SDG fund targets UN goals five, eight, 10 and 13
Italy’s pension regulator calls for EU support to reverse demographic decline
COVIP chair Mario Pepe says EU-issued debt should be used to support Italian families
Van Lanschot Kempen creates £100m private markets portfolio for DB scheme
The mandate is structured to provide the pension fund with access to Van Lanschot Kempen’s capabilities in private equity and infrastructure
Finance lobbied harder than any other sector to water down CS3D, finds research
Investors planning engagement on responsible lobbying may have to start with the finance sector
Industriens enters joint Danish pension fund bid to build army barracks
The €34bn labour-market pension fund cites good prior experience with PPP model as reason for seeking new investment opportunity
Investors stopped from voting on 23% of shareholder proposals at US firms
SEC approves 40% more ‘no action’ requests than last year
Legal opinion finds worry over liability risks from climate plans is ‘overstated’
The IFRS Foundation this week published guidance on transition plan disclosures to support ISSB reporting
German experts warn active pension alone will not solve labour shortages
Germany’s proposed ‘Aktivrente’, or active pension, is a step towards encouraging older workers to remain in employment
UK government sets out ‘modern Industrial Strategy’
British Business Bank commits £6.6bn of new capital to boost growth; Financial services sector plan coming in July
Lloyds Banking Group consults on moving pension fund provision in house
The bank’s pension fund would be administered by Scottish Widows
Dutch pension federation resists lower central clearing threshold proposal
European pension regulator ESMA has proposed mandatory central clearing of interest rate derivatives above €1.8bn
ÄVWL boosts bond exposure, US dollar overweight amid shifting market dynamics
The pension fund for German doctors in Germany’s Westphalia-Lippe region has increased its allocation to directly held bonds by nearly €400m year-on-year
Uniqa opens up asset management capabilities to third-party clients
Its regulatory resilience gives it a competitive edge in offering outsourced solutions to other institutional clients, says managing director Andreas Bertl
