Markets – Page 34
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NewsLocal Government Pension Scheme funding level reaches 102%
LGPS funding levels improved from the 67% estimate as at 31 March 2022 triennial valuations
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NewsGerman employers consider de-risking pension promises a ‘key trend’, says Aon
Reducing risks relating to pension promises continues to represent a “key trend” for German employers, according to the Aon’s Market Report 2023. Employers tend to reduce risks by promising a lower level of guarantees, which, the report, stated, reducing, or completely dropping guarantees can lead to an increase in benefits ...
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NewsAustria sees Q2 uplift in pension fund assets
In Q2 Austrian pension funds increased allocations to bonds by 0.49%, to loans by 0.05%, and to equities by 1.68%
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NewsMismatch of climate objectives between fiduciary managers and trustees – study
Over 50% of fiduciary managers surveyed did not give explicit climate-related requirements for underlying funds in their investment strategies
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NewsEuropean trade associations slam active account requirement
Further efforts should focus on streamlining the supervisory framework for EU central counterparties across member states
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NewsISSB, European institutions collaborate to align sustainability reporting standards
‘We will be well placed to ensure investors are provided with better information for better economic and investment decision making,’ says ISSB’s vice chair
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NewsUK taxonomy group advises government to diverge from EU approach
GTAG recommends that government keeps taxonomy focussed on clearly defining green economic activities
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NewsReporting groups confirm intense interoperability between ESRS and GRI Standards
‘The efforts made by the GRI and EFRAG sustainability reporting teams will prevent the need for double reporting by companies,’ says EFRAG
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NewsESG roundup: ICMA releases guidance on blue-themes bonds
Plus: CA100+ publishes first net zero standards for mining industry; Fidelity International expands sustainable fund range
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NewsIPE Top 1000: European pension assets drop to €8.95trn
Second-largest reduction in assets held by pan-European pension funds in IPE’s annual research exercise
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NewsUK roundup: BA pension fund appoints Redington as consultant
Plus: Risk of new generation of gender inequality, says LCP
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NewsNew recruits bring sovereign climate engagement group to $8trn AUM
New members include insurer Munich Re, pension funds LGPS Central and Rest, and the Queensland Investment Corporation
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NewsSwiss 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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NewsTPR calls on trustees to make climate scenario analysis ‘useful’ amid criticism
The criticism presents a ‘timely opportunity to take stock and look ahead’, says TPR
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NewsInvestors urge ISSB to focus on human and labour rights
The European Union plans to introduce a stronger law around human rights due diligence throughout the value chains of companies
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NewsFinancial industry calls on UK government to show climate commitment
‘Long-term and consistent policy will help drive real investment into the UK economy,’ says chair of BT Pension Scheme
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NewsEU sustainability board under pressure to finalise materiality guidance
Many companies are at a loss regarding compliance with the new rules
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NewsInvestors accused of making themselves forced sellers over climate thresholds
Buying ConocoPhillips bonds likely to push firm over oil sands thresholds and raise fiduciary duty questions
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NewsDACH 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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NewsNorway’s SWF criticises Japan’s new M&A guidelines
NBIM says “unclear” rules around corporate valuations could let boards reject takeover bids without challenge
