All articles by Luigi Serenelli – Page 25
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Opinion Pieces
Resistance to Germany’s new buffer fund proposal
Last year, the manager of Germany’s pay-as-you-go first-pillar scheme, Deutsche Rentenversicherung, recorded income of €363bn, the largest share coming from contributions (€275.6bn), and €87.4bn in public subsidies.
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Special Report
Switzerland: 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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News
Swiss pension funds consider high costs as main obstacle to invest sustainably
Regulations currently in place in the second pillar pension system should not be changed to create incentives for sustainable investments
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News
Canton of Aargau parliament approves APK’s pension plan changes
The level of benefits continued to fall, from 58% to 55% of the insured salary, below the original level of 65%
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News
Allianz Austrian pension funds turn to impact investment funds
In real estate and infrastructure the Vorsorgekasse excludes investments in fossil fuel companies
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News
Pensionskasse Post boosts infrastructure, real estate investments
The scheme allocated CHF100m for impact investments in infrastructure
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News
APK Pensionskasse tactically increases allocation to alternatives
Alternatives now make up 12% of APK’s investment portfolio
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News
North Rhine-Westphalia proposes law to cut Pensionsfonds funds
The state’s expenses will increase from €8.4bn in 2020 to €12.5bn in 2040
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News
Historic low birth rate could make Italy’s pension reform efforts ineffective
The government intends to reform its tax system to cut the burden on companies employing women with children and large families
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News
VBL hands out Master KGV mandate to HSBC INKA
The asset manager will focus on asset classes including private equity, infrastructure equity, private debt
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News
DACH roundup: German portfolio managers lose ground
Plus: Swiss scheme to increase bond investments; BaFin strips asset management licence fom Adrealis; German pension dashboard adds three providers
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News
Unicredit pension fund closes down alternatives sub-funds
The fund for alternative investments Effepilux Sif-Sicav fund will become a real estate Alternative Investment Fund (AIF)
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News
German institutional investors slash Spezialfonds allocations
Net inflows into real estate almost halved
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News
German doctors scheme boosts allocations to alternatives
The pension fund has increased allocations in private equity, private debt and infrastructure
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News
Eurofer records positive returns for sub-funds in H1
The performance was helped by decreases in inflation and the national consumer price index
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News
German economist proposes formula to increase retirement age according to life expectancy
“If life expectancy increases by one year, two-thirds of the year would be added to employment (phase) and one-third to retirement,” says Veronika Grimm.
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News
Experts from German ministry call for standard occupational pension plan
Experts consider efforts to expand company pensions in small and medium-sized firms a better strategy than setting up a public fund in the third pillar
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News
Fondo Gomma Plastica eyes private equity secondary investments
Rubber and plastic fund chief sees private equity opportunities in the US as the Milan-based fund makes a further pivot to alternatives
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News
Siemens’ pension reserves fall to historic low following energy stake transfer
Transfer of a 6.8% stake in Siemens Energy to its pension trust vehicle largely contributed to the drop
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News
Nest Sammelstiftung reconsiders private markets approach
High fees, questionable added value and governance among reasons for the rethink