All articles by Luigi Serenelli – Page 32
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AnalysisAnalysis: German states realign €30bn pension fund assets to stricter ESG standards
Four German states have recently revised their sustainable investment strategies, sticking to stricter ESG rules
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NewsCompenswiss on path to invest €1bn in private debt
The pension scheme is pursuing a more robust diversification, capturing illiquidity premium, as the bulk of its investments is still invested in fixed income
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NewsEuropean Commission proposes stricter rules for ESG ratings providers
The draft legislation requires ESG ratings providers to disclose potential conflicts of interest
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NewsDACH roundup: City of Zurich Pensionskasse bumps up alternatives
Plus: Swiss association on investments in reform process; Austrian pension funds see AUM shoot up; German Spezialfonds add green assets;
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NewsDutch pension funds’ move to segregated mandates knock alternative funds
EFAMA sees gradual shift towards ETFs and index funds
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NewsSustainable finance group pushes for transparency of ESG rating agencies
The group recommends the upcoming regulation covers all providers of ESG ratings and scores selling their products and services in the EU, regardless of a company’s headquarters
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NewsUBS signs protection agreement for non-core assets
The agreement covers approximately 3% of the combined assets of the merged bank
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NewsItalian government readies new investment rules for first pillar pension system
Pension schemes have been waiting for an upgrade to their investment rules since 2011
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NewsItalian pension funds lean towards domestic investments, says COVIP
Many pension funds are also expanding their investment strategies in private equity and private debt, according to the pensions regulator
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NewsSwiss pension funds set to change SAA to reach bond investment targets
According to Swisscanto, 17% of pension funds surveyed adjusted their strategic asset allocation, and 35% changed allocations tactically.
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NewsUBS/Credit Suisse AM divisions merger could rock Swiss fund market
‘It will be painful,’ says UBS chief
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NewsItalian government puts forward law to create €1bn SWF
The funds will amount to €700m this year and a further €300m in 2024
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NewsGerman BVV allocates €1.5bn to high rating investment grade bonds
The fund will pursue an active risk management approach, especially in volatile asset classes
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NewsCompenswiss tenders mandate for core+ investments in North American real estate
The scheme plans to diversify its real estate exposure
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Opinion PiecesGerman pensions sector backs cost rethink
Applause, which started mildly but ended robustly, suddenly reverberated in a packed Berlin conference room a few weeks ago. An audience of industry experts, pension managers, associations and trade unions clapped at the suggestion that Germany’s BaFin regulator should avoid repeating its exercise on cost reporting for IORPs, initiated by the European Insurance and Occupational Pensions Authority (EIOPA), and implemented in turn by BaFin. The exercise was a disappointment, and an excessive, unnecessary effort for the German pension industry.
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NewsSwiss trade union to formally request referendum on second-pillar reform
The government will decide in November when exactly the vote will take place
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NewsCorporate governance roundup: Investors seize opportunity to drive down emissions
Plus: AGMs of ExxonMobil and Chevron to follow; Open consultation at Glencore; Financial institutions press companies to disclose climate impact
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NewsGerman CDU party relights early retirement debate
Number of employees opting for early retirement has grown from 151,000 in 2014 to 270,000 in 2021
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NewsDACH roundup: German pension schemes’ investments in Spezialfonds drop
Plus: European Commission green lights UBS-Credit Suisse merger
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NewsIORP II reform: European pension associations dissect EIOPA’s review proposals
Several industry officials believe ‘it’s too soon’ for a review of the Directive
