Mubadala ruling offers roadmap as lawyers target BVK’s US property losses
Lawyers cite Mubadala precedent as they seek damages and deeper scrutiny over BVK’s troubled US property investments
Full dollar hedge, US equities underweight shines ATP’s 2025 return
Danish statutory pension scheme admits being unable to maintain purchasing power of pensions
Germany’s BVV sacks CIO after five months
Reports suggest disagreements emerged within the management board over BVV’s investment strategy, which Axel-Rainer Hoffmann reportedly considered too risk-averse
Pension Protection Fund uplift sparks superfund wind-up concerns
Members of the upper parliament warn that superfunds could be forced to wind up before reaching maturity
UK pensions regulator asked to consider ‘stewardship code for transition planning’
Transition Plan Working Group says that a disclosure-only approach may be unhelpful for pension funds, and risked quickly becoming a ‘tick-box’ exercise
Dutch lawmakers under pressure to allow shareholder ‘say-on-sustainability’
Upcoming debate on CSRD transposition will reveal whether politicians follow in footsteps of Spain, Estonia and Switzerland
AkademikerPension uses repo innovation to boost risk, return potential
Danish pension fund CIO says rationale for levering up came down to the characteristics of the scheme members
Swiss public pension funds hit strongest funding levels in 25 years
Funding ratios surge as strong commodities, equities and gold returns bolster public pension balance sheets
E.ON UK pension fund appoints Schroders Solutions as principal investment manager
Schroders Solutions has overall control of the group’s investments, both through direct asset management and by appointing external investment managers
Dutch financial regulator plans to step up scrutiny of pension funds’ sustainability claims
A study of 42 financial institutions by AFM flagged greenwashing concerns across the market
Austrian pension reform more likely under current government, Valida says
Valida CEO flags Danish-style reforms as Austria seeks to strengthen second pillar pensions amid fiscal pressures
People moves: LGPS Central adds to executive team with duo
Plus: IGG appoints trustee director; NBIM’s chief risk officer steps down
BPL Pension to allocate €1bn to impact investments
The €25bn pension scheme for the agri- and horticultural sector will invest 80% of the new portfolio in private debt and 20% in private equity
Former German dentists’ fund director ‘abused his position’, court rules
According to the court, Ralf Wohltmann ‘deliberately placed himself in a conflict of interest’ by holding dual positions
UK pension reforms questioned over saver risk and impact on competition
UK upper parliament warns pension reforms could shift risk onto low-income savers, while consolidation threatens competition and innovation
Italy’s pension shake-up raises stakes for multinational employers
Auto-enrolment and contribution portability force multinational employers to rethink pensions as Italy reshapes its second pillar pension system
Investment Association urges asset owners to rethink stewardship
IA report outlines six structural challenges and 10 recommendations for asset owners, investment managers, consultants, and regulators
LGPS Central to launch pooled global credit fund
The fund will be managed in partnership with three global credit managers – Capital Group, JP Morgan Asset Management and Neuberger Berman
Swiss pension funds pushed towards consolidation by costs and talent squeeze
Swiss pension funds consolidate as rising costs, regulatory pressure, and skills shortages reshape the multi-employer market
UK government to phase rollout of LGPS ‘Access and Fairness’ reforms
The government said it will prioritise areas where it believes there is existing discrimination
Asset owners push BP on capital spending discipline
UK local authority pension funds urge oil giant to justify increased exploration and capex amid warnings its future projects are increasingly uncompetitive
Austrian funds turn to European, small-cap equity to cut US concentration risk
The outsized influence of the so-called Magnificent 7 has reinforced the case for broader equity diversification among Austrian pension funds
ISSB to anchor future nature reporting within IFRS standards
The board will draw directly on the recommendations and metrics of the Taskforce on Nature-related Financial Disclosures
Private credit biggest threat, but auto-enrolment can ‘make Europe great again’
EIOPA conference: the biggest threats to financial stability are in record-high public debt and the rapid expansion of private credit sector
Asset owners urge asset managers to continue NZAM involvement
Participation in Net Zero Asset Managers an ‘important and public signal’ for us, say 40-plus asset owners in statement
Majority of UK DC funds plan to access private markets through LTAFs
Research shows that 74% of respondents expect to increase private market allocations for growth-phase strategies
Investors ask UK government for guidance on sustainable EMDE allocations
Latest report from government advisers calls for clarity on strategic asset allocation and financial risk
ERAFP brings forward end date for qualified fossil-fuel debt financing
The French fund’s announcement of a tighter fossil fuel policy comes after FRR updates its exclusions for unconventional hydrocarbons and thermal coal
Swiss Federal Social Insurance Office reshuffle deepens after AHV miscalculation
Leadership changes continue at Switzerland’s social security office as AHV forecasting errors prompt reform and renewed pension scrutiny
FCA launches consultation on sustainability disclosure rules
The 115-page consultation document acknowledges that sustainability reporting beyond climate change will be new to many of the companies regulated by the FCA
IIGCC announces launch of investor platform to tackle deforestation risk
The Deforestation Investor Group is underpinned by new guidance on integrating deforestation into net-zero strategies
Negative 2025 returns for Dutch pension funds
Funding ratios rose, however, thanks to rising interest rates
Norway’s SWF manager sees increased risk of AI correction
GPFG returns 15.1% in 2025, with equities and unlisted renewable energy infrastructure leading gains
All that glitters: Swiss pension funds raise gold exposure
Swiss pension funds boost gold allocations, seeking protection from geopolitical shocks, market volatility and fading trust in US assets
PensionDanmark, AXA, UN pension fund on new Net-Zero Asset Owner Alliance steering group
The Net-Zero Financial Service Providers Alliance, meanwhile, has announced it is shutting down
SFDR 2.0 positions green bonds as ‘structural portfolio solution’, says MainStreet
Proposed reforms to the EU’s SFDR framework could see green bonds play a key role in securing sustainable and transition labels without sacrificing diversification
Austrian pension funds post solid 2025 returns ahead of upcoming reforms
However, average returns came in at 4.88%, down from 7.77% in 2024
People moves: LGPS Central names investment director for local investment
Plus: bfinance appoints DACH senior director; Barnett Waddingham names head of pensions governance
Icelandic pension majors eye merger, creating biggest pension fund with €15bn
Pension Fund of Commerce and Birta agree to explore feasibility of merging, increasing operating efficiency
Holcim Group picks Van Lanschot Kempen for £2.5bn fiduciary mandate
Trustees of Lafarge UK Pension Plan and Aggregate Industries Pension Plan pick Van Lanschot Kempen as new fiduciary manager
NEST partners with Rothesay to co-design insured longevity risk solution
‘Our solution will aim to provide a lifelong income solution to NEST’s members and provide certainty that they will not run out of money in retirement,’ says NEST CEO
LPPI looks to hire Brunel staff in next step of LGPS consolidation
The pool was previously rumoured to be a contender to take on Brunel Pension Partnership’s investment infrastructure
Swiss pension funds shift focus on equal-weighted, small-cap equities
Swiss pension funds turn to small caps and equal-weighting to rein in growing global equity concentration risks
Private markets allocations reach new high, says Aviva Investors
72% of DC funds globally agree that adding private markets assets to accumulation portfolios ‘will deliver better performance outcomes for members’
Aon partners with Irish Life to launch €260m emerging markets climate transition fund
The fund launches with an initial allocation of €260m and will be integrated into the Aon multi-asset fund range
New Norway SWF council questions tech weightings, sovereign debt criteria
‘Strengthened preparedness’ needed to manage GPFG’s geopolitical risk, advises three-strong permanent panel of experts
Pension Schemes Bill debate in House of Lords highlights scale mandate concerns
Members of the House of Lords question £25bn scale requirement, arguing that compulsion could stifle innovation
‘Purposeful reporting’ among UK trustee sustainability group’s 2026 priorities
TSWG wants sustainability reporting rules for pension schemes to be changed to free up resources for impactful activity rather than compliance
Swiss pension funds refuse to apply regulator’s rule on savings interest
OAK BV is tightening oversight on pension funds exposed to systemic risks
AMF splits equities management into domestic, foreign, to boost return chances
Swedish blue-collar pension fund says creating two equities departments will ‘clarify and streamline the work and improve our opportunities to create a competitive return’
