News – Page 235
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AP Pension takes product-switch case to Denmark’s Supreme Court
Mutual pension provider appeals High Court judgement that plaintiffs had had to bear unreasonable risks – CEO argues longevity risk was not an issue in FSA inspection at the time
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Passive ESG equity funds show greater value for money
Investors should aim for the lowest cost option, says ClearGlass
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NewsGerman government invests pension assets in oil, gas firms despite ESG index switch
According to a report, the German government invests a total of €573.59m in oil, gas and coal companies
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Trustees urged to push fiduciary managers on ESG approaches
Research suggests trustees could lose alignment of ESG beliefs and goals when using fiduciary management
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Portuguese pension funds make -3.8% returns in Q1 2022
Most asset classes experienced a difficult first quarter, with equity portfolios generally falling between 3% and 5%
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NewsIASB opts for ‘middle-ground’ over IAS 19, IFRS 13 disclosure changes
Chair Andreas Barckow sensed ‘limited appetite’ for taking forward the board’s proposals for a fresh approach to disclosure in IAS 19 and IFRS 13
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NewsFunding ratios of Swiss pension schemes plunge to 103.4% in H1
A large number of Swiss pension funds had to tap into reserves built to fend off market fluctuations to continue to guarantee their obligations
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NewsBorder to Coast delivers £14m cost savings
‘The collective scale achieved through pooling gives our partner funds an influential voice that has a real impact,’ says CEO
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Sweden’s new premium pension funds board launches tender
In second tender, pension fund procurement authority seeks fund analysis system
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NewsNorway’s SWF manager pushes for companies to set science-based targets
Smith Ihenacho pens response to UK’s blueprint for company transition plans, ‘broadly agreeing’ with principles, key elements
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Most businesses not factoring in second-order climate risks, says firm
Countries ranked in terms of preparedness for knock-on effects of climate change – civil unrest, mass migration
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NewsDutch pension funds lose more than €100bn in Q2
But thanks to rising interest rates, funding ratios have gone up
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NewsPension liabilities for DAX companies fall by 28.6% in Q2
‘Pension plans of individual companies could even be overfunded,’ says WTW
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NewsPeople moves: People’s Investments Limited adds duo to board
The People’s Pension, B&CE, PGGM, State Street Global Advisors, AXA IM, PSIG
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AP1 knocked by 9.4% loss in H1, despite gains on forex, alternatives
Swedish buffer fund is second of big four to report first half financial results – beating the larger AP4
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Oil and gas companies struggle to offer credible transition plans
No oil and gas company has developed a business strategy that offers clear and robust path to shift away from fossil fuel production
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NewsHigh inflation impacts timing of retirement decisions
As a result of falling long-term inflation expectations, UK DB long-term liabilities over the last three months have reduced by around £140bn
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OS-Climate seeks collaboration for climate risk data tools
Tools will generate refined data and actionable insights needed for pension funds, asset managers, and banks to align investments to net zero and resilience goals
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NewsUK Treasury urged to reinvest £1bn to help savers
Last rise in state pension age also led to increases in rates of poverty and unemployment
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NewsPolitical crisis is a ‘very serious mistake’, says Assofondipensione
Italian governments tend to have short-term views, making it difficult to carry out long-term reforms of the complementary pension system
