News – Page 62
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NewsClarks Footwear Pension Fund completes second buy-in with PIC
PIC has now insured all £820m of the fund’s defined benefit liabilities
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NewsFaire Vorsorge suggests second pillar reform to end ‘discrimination’ of low earners
The Swiss think tank’s proposal is a more radical reform compared to the ‘light touch’ one proposed by association IZV and consultancy c-alm
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NewsGermany’s AfD backs DC plans as party policies raise deindustrialisation fears
Supporting small companies remains ‘a central political matter’ to amplify the breadth of company pension schemes, the party claims
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NewsSwiss think tank proposes CHF300bn SWF to fund first-pillar pensions
The Swiss National Bank would provide CHF300bn foreign currency assets as a loan to kick-start the sovereign wealth fund, with 1% interest
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NewsLCP predicts new DB superfund and insurer PRT entrant in 2025
Consultancy expects 2025 to be another bumper year with £40-50bn of buy-ins
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NewsGermany’s innovation agency calls for pension funds’ backing of tech start-ups
SPRIN-D had €220m available last year, far from enough to turn technological innovation into profitable companies
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NewsPKBS switches to Pictet, LGIM to diversify risk
The emergency takeover of Credit Suisse by UBS in March 2023 triggered the pension fund’s decision to look for new asset managers
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NewsPFA’s climate product beats standard pension with 19.6% return
Parts of the green sector hit by declining investment appetite in 2024, says CIO
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NewsC-alm, IZV propose light-touch reforms to Switzerland’s second pillar pension system
IZV and c-alm are suggesting a cut in the conversion rate to calculate pension payouts from 6.8% to 6% of salary insured in eight steps, instead of one
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NewsGerman dentists’ scheme takes €65m hit from investments
The write-off in 2023 is higher than the €45.98m recorded in 2022, and results mostly from private equity investments and investments in ‘affiliated companies’
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NewsGFANZ further relaxes membership requirements to halt exodus
Going forward, GFANZ ‘will allow any financial institution working to mobilise capital and lower the barriers to financing energy transition to participate’
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NewsDutch doctors’ fund focuses on Europe in new equity portfolio
The scheme’s new concentrated portfolio only includes 65 companies
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NewsAustria’s think tank calls for increase in retirement age
A pension reform increasing the retirement age would help to make the pension system financially sustainable
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NewsFondenel launches new equity investment option
Under the new option, the pension fund will pursue a strategy with a strong exposure to equities
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NewsItaly changes early retirement option
The new rule allows a merger of first and second-pillar contributions
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NewsAustria’s BVK sees 10% rise in AUM
Provident funds’ assets under management grew by €834.16m, or 4.21%, quarter-on-quarter in Q3
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NewsFon.Te allocates further €160m to private markets
Fon.Te has also approved investments worth €130m to back alternative investment funds (AIFs) internationally
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NewsFondo Pegaso and Previambiente invest in Italy’s infrastructure FoF
The FoF infrastructure aims to fundraise €500m through capital allocated by pension funds
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NewsAmundi appoints new UK CEO
Amundi has appointed Eric Bramoullé as chief executive officer of Amundi in the UK
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NewsSwiss BVK issues €700m infrastructure mandates
A €350m mandate will invest via a multi-manager arrangement, while the other €350m mandate will invest via an unlisted co-investment
