All first pillar articles
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News
German liberal party axes first pillar pension reform package
Labour minister Hubertus Heil says his party SPD ‘will fight’ to find a majority in Parliament to approve the reform package before elections on 23 February 2025
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News
Aba looks beyond snap elections for comprehensive pensions reform
Germany’s three reform packages for public, occupational and private pensions are currently at different stages of the legislative process
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Analysis
Collapse of German government coalition turns back clock on pension reforms
Finance minister and head of the FDP Christian Lindner, whose party pushed for an equity fund for first pillar pensions, was sacked today
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News
Director of Swiss Federal Social Insurance Office to step down
Stéphane Rossini will step down at the end of June 2025
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News
KENFO rejects further ESG requirements to invest first pillar equity fund assets
According to KENFO, ‘there should be no legal requirements for sustainability’ when investing Generationenkapital’s assets
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News
Scheme for Italian lawyers to switch to defined contribution
The first pillar scheme will apply a ‘mixed system’ to calculate the pension benefits of current members
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Interviews
Cassa Nazionale del Notariato: Megatrend investor
Stella Giovannoli, CIO and CFO at Italy’s Cassa Nazionale del Notariato, talks to Carlo Svaluto Moreolo about the efforts to modernise the fund
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News
Compenswiss rebuffs security concerns over custodian appointment
The mandate given to State Street does not cover the transfer of assets to a single country or the management of the first pillar’s assets
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Special Report
France: Macron’s reforms look secure
President Macron’s pension reforms may have their detractors, but the hung parliament is not expected to roll back any of them significantly
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Special Report
Spain: Sweeping pension reforms fail to get off the ground
The country’s unstable political environment means pensions are not a priority
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News
Social partners slam German government’s plans to cut first-pillar funds
Germany plans to reduce public subsidies for the pay-as-you system between 2025 and 2027
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News
Germany’s Bundesrat raises concerns over first-pillar pension reform
The draft law to reform the first pillar pension system is insufficient to place the pay-as-you-go system on a financially sustainable footing, it says
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News
KENFO could become Germany’s central public sector asset manager
KENFO CEO Anja Mikus says it would manage the assets of the first pillar generational capital fund (Generationenkapital) in the long term
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Opinion Pieces
Italy needs a serious debate about pensions
Italian policymakers are bent on indulging the relatively small but influential minority of Italians that is nearing retirement, but lament that the statutory retirement age of 67 is too high. The reform efforts of past years have been towards reducing the retirement age or increasing flexibility in retirement. The resources employed towards supporting second-pillar pensions have been next to none.
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News
Cassa Forense urges tax cuts to boost domestic investments
A ‘reward’ in the form of a lower levy should come from parliament and government for pension funds managing assets invested in Italy, says scheme’s president
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News
Real economy investment opportunity ‘remains large’ for pension funds, says COVIP
There is increasing interest by Italian schemes to invest in the country’s real economy, as they expand their investment strategies through partnerships
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News
Swiss cabinet plans to increase contributions to finance 13th month of pension
A consultation on proposals to finance the 13th month of pension is open until 5 July
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News
German parties urge FDP to end blockade on pension package reform
Germany’s finance minister Christian Lindner has blocked legislative proposals
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News
German Pensionskassen association slams first pillar equity fund plan
VFPK is ‘extremely skeptical’ about the role assigned to the state as an equity investor through the fund
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News
Italian schemes bolster ESG standards in private equity allocations
Research shows that 57% of Italian institutional investors directly buy private equity products in line with ESG criteria