mast image

Special Report

ESG: The metrics jigsaw


French press on with reforms

The French pension reform bill was presented by the French government has confirmed, following talks with the unions as IPE went to press.
French social affairs minister Jean-Paul Faugere met unions and employers before Easter to discuss private sector pensions reform, and told them that labour minister Francois Fillon would present the bill to the social partners shortly.
The unions, however, remain wary and are threatening further strike action at the end of May if the bill is not presented. Jean-Marie Toulisse of the Confederation Francaise Democratique du Travail, the CFDT, is threatening strikes before this date if its proposals are not taken into consideration.
The pension-funding gap of 10 billion euros that will face the French government in 2020 is causing concern among the unions. They are adamant that the government must force an increase in contributions, but employers and ministers are refusing.
After announcing the bill, Fillon will then present the reform to the council of ministers on May 7.
Some weeks ago an estimated 500,000 people demonstrated in the streets of France to protest against the government’s planned reform of the pension system.

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2575

    Asset class: Core Real Estate Muli-Manager Separate Managed Account.
    Asset region: Global.
    Size: CHF 150m.
    Closing date: 2019-12-20.

  • QN-2576

    Asset class: Small Caps Equity.
    Asset region: US.
    Size: $>100m.
    Closing date: 2019-12-09.

  • QN-2578

    Asset class: Sovereign Local Currency Emerging Market Debt.
    Asset region: Local emerging markets.
    Size: EUR 950m.
    Closing date: 2019-12-19.

Begin Your Search Here