Latest from IPE Magazine – Page 42
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Special ReportItaly: Government eyes pension reform despite lack of resources
Giorgia Meloni’s right-wing government wants to lower retirement age and secure retirement income for young workers, but it faces an uphill battle against inflation
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Special ReportNetherlands: Pension funds to switch to DC by 2028
Long-awaited transition to happen despite complications of the Dutch pension system
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Special ReportNorway: Public-sector pensions consultation set for autumn
Occupational pensions could form part of a new review following last year’s Pension Commission report
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Special ReportPortugal: Social security surplus funds pension boost
The Socialist government aims to reduce pensioner poverty but faces considerable demographic hurdles
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Special ReportSpain: New regulation introduces lifestyling
Government pushes through legislation package before elections last July
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Special ReportSweden: FTN’s large mandate overshadows Alecta’s position
Government authority sets out first tender in its bid to ensure pension funds access to quality funds to provide safer and higher pensions
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Special ReportSwitzerland: Heated debate ahead of second-pillar referendum
The workplace pension system reform must clear the final hurdle of a national referendum and Pensionskassen will have to start to follow new guidelines on ESG
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Special ReportUK: Encouraging UK growth through consolidation
The UK government is pursuing plans to leverage pension assets to boost economic growth while generating best returns for members
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Asset Class ReportsPortfolio strategy – Fixed income & credit
Factors including rising inflation and interest rates, the war in Ukraine, and the uncertainty surrounding the global economy might have significantly slowed down the growth of an alternative asset class like private debt. But this has not been the case, and while fundraising by private debt managers for 2022 and 2023 might be challenging, investors are making new long-term commitments.
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Country ReportCountry report – Pensions in Italy (July/August 2023)
Italian second-pillar occupational pension funds continue on their path to diversification. Owing to the higher yields on offer in traditional fixed income markets, allocations to private markets may slow down temporarily, but funds have made long-term strategic commitments. A variety of industry initiatives is facilitating investment in private equity, private debt and infrastructure. Meanwhile, some pension funds are consolidating their private markets portfolios.
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Opinion PiecesCapital competition: where does it leave sustainability goals?
For pension funds and other similar large institutional pools of capital, there is significant pressure from politicians to invest in politically favoured domestic sectors – like renewables or high-growth sectors like venture capital.
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Country ReportItaly: Private markets allocations at a crossroads
Italian pensions funds are showing renewed interest in fixed income, as investment in private markets slows down – but long-term commitments are still in place
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Asset Class ReportsFixed income & credit – No turning back for alternative credit
Investor demand for alternative lending strategies remains strong as the opportunity set grows
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Opinion PiecesLessons learned from Berlusconi’s pension reforms
To some, the death of Silvio Berlusconi on 12 June this year, is the end of an era for Italian politics. Berlusconi was the longest-serving prime minister in the history of the republic and a highly controversial figure, at home and abroad. He can be described as the first modern European populist leader.
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Asset Class ReportsFixed income & credit – Sustainability-linked bonds
Sovereigns and other issuers are yet to embrace sustainability-linked bonds but issuance is growing
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Opinion PiecesNotes from the Nordics: NBIM still learning on equal pay after winning employment case
Norway’s sovereign wealth fund has hailed the benefits of litigation abroad to drive its corporate governance agenda. Closer to home, victory in an Oslo employment case may have rung decidedly hollow for Norges Bank Investment Management (NBIM).
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Country ReportItaly: Byblos consolidates private markets portfolio
The industry-wide fund has opted for a single external multi-asset mandate for private equity, private debt and infrastructure
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Asset Class ReportsFixed income & credit – Resilience bonds
Resilience bonds aim to encourage climate investment characterised by a more forward-thinking, preventative outlook
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Country ReportItaly: Casse di Previdenza roll with the punches
Italian industry-wide pension funds fail to attract new members, with potentially serious long-term consequences
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Opinion PiecesHarnessing the power of corporate governance
Pension funds and other institutional asset owners have significant influence when it comes to voting in companies’ annual general meetings (AGMs). The consequences of their voting decisions can have a profound impact on company share prices and long-term objectives, especially in the context of climate change.
