All articles by Luigi Serenelli – Page 25
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News
Occupational pension industry disappointed with IG Metall’s social partner model rebuff
The union continues to support company pensions under social partnerships, says MetallRente
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News
Swiss pension funds’ alternatives achieve better returns at higher costs
Last year best-performing pension funds invested 10.2% in alternatives compared with 5.6% invested by the worst-performing, says Swisscanto
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News
Publica uses democracy index to invest in government bonds
The scheme excludes countries violating basic democratic principles
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News
German government drafts law to reform second pillar pension system
The 24-point draft law deals with the difficult topic of opening up the social partner model to third parties not bound by collective bargaining agreements
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News
German investors face ESG exclusion/engagement dilemma
The general public might not fully grasp what sustainable investing entails from an investor’s perspective, says KENFO
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Opinion Pieces
Investors could do more to boost German start-ups
The German constitutional court’s ruling that the government’s reallocation of €60bn worth of debt to the country’s Climate and Transformation Fund is unlawful was a blow. But there was also also some welcome news last month.
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News
Occupational pensions in German mid-sized companies stagnate, says Generali
Employees are turning away from deferred compensation because of high inflation both in mid-sized firms and in larger companies
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Analysis
Reform of the AT1 bond market
UBS starts selling AT1 bonds for the first time since Credit Suisse takeover
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News
Austrian pension funds to lose 7.5% in asset value due to climate risks
The result of this year’s stress test is an improvement from last year’s test showing a 10% loss in asset value
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Analysis
Germany battles to keep pension reforms on course
New law to replace 2018’s pension reform legislation amid disagreements over reform plans for all three pillars of the pension system
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News
Italian pension funds see number of members increase in Q3
Industry-wide pension funds added 188,000 members so far this year, compared with the end of 2022, a 4.9% increase, for a total of almost 4 million members
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News
Swiss groups slam government’s decision to increase minimum interest rate
The Swiss Employers’ Association considers the increase unjustified and says minimum interest rate should have been well below the limit of 1%
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News
Monte dei Paschi scheme starts manager selection for private markets investment
The pension fund will invest €135m in infrastructure, real estate and private debt AIFs
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News
Swiss scheme expands exclusion policy to oil and gas companies
The pension fund has 439 companies on its exclusion list as of September this year
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News
Swiss pension fund industry expects regulator to amend improved benefits definition
The definition creates false incentives to determine technical interest rates
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News
Fondo Pegaso adopts ESG index in latest manager selection tenders
The index takes into account key aspects including asset managers’ governance, corporate culture, and their commitment towards sustainability goals
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News
Swisscom calls on investment industry to boost domestic start-ups
20 institutional investors have allocated capital to Swisscom’s funds raising CHF375m
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News
Swiss pension funds likely to re-tender mandates following UBS/Credit Suisse merger
Schemes want to make sure that market competition will remain robust in the longer term
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Country Report
Swiss Pensionskassen strengthen their stewardship role
Swiss pension funds are broadening their proxy voting and exclusion policies while joining efforts to engage on real estate and biodiversity
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Analysis
Trust will matter in light of market dominance of UBS in Swiss institutional business
One of the most important aspects of the downfall of Credit Suisse and the subsequent takeover by UBS is that loss of trust comes at the highest possible cost