Pension System – Page 97
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News
Ethos supports Credit Suisse measures over Greensill, Archegos
Swiss bank will not award variable pay for 2020 and has withdrawn an AGM proposal to discharge directors from liabilities
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News
Portuguese funds claw back COVID-19 losses with 2.3% return for 2020
2020 saw ‘huge’ interest in hedging interest rate risk
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News
USS rejects employer request for review of 2020 valuation approach
‘No justifiable basis for review until alternative proposals made or new information materialises’
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News
DACH roundup: Allianz buys Aviva’s pension business in Poland
Plus: Swiss life cuts conversion rate; Swisscanto’s Pensionskassen survey; CDU/CSU association on changing the pension system
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News
UK’s trustee association launches climate change committee
Chaired by Tegs Harding, director at Independent Trustee Services (ITS), the committee will include Nigel Hill of Pi Pension Trustees, Marcus Hurd of ndapt, and Andrew Cole of BESTrustees
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News
AP Funds need same definition of illiquid assets, McKinsey tells Sweden
Swedish pensions buffer funds cut fossils exposure by between 51% and 100% in five years
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News
UK roundup: Lancashire LGPS launches 2021-2024 strategic plan
Plus: London borough scheme hires Aon as consultant
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Country Report
Social partner pensions: An overlooked model
Just one new DC-type arrangement has emerged in Germany in the past three years. More could follow, bringing a boost to Germany’s neglected second pillar
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Interviews
How we run our money: Sampension
Henrik Olejasz Larsen, CIO at Denmark’s Sampension, talks to Carlo Svaluto Moreolo about the fund’s bias towards value equities and its diversification strategy
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Country Report
Politics and investment: Germany looks to Sweden
Politicians are looking abroad for ways to boost equity investment in long-term savings
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Country Report
Pension Risk Management: Dealing with a challenging year
German pension investors are evolving to adapt to new realities in terms of assets and liabilities
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Opinion Pieces
Letter from US: Pension bonds raise concerns
The resurgence of interest in pension obligation bonds (POBs) is one of the effects of the pandemic on the US pension funds industry. Indeed in 2020 POB issuance reached its highest level in a decade, exceeding $6bn (€5bn), according to Municipal Market Analytics (MMA), an independent research firm focusing on the US municipal bonds.
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Country Report
Austria: Sustainable growth remains elusive
Austrian providers are calling for solutions to make occupational pensions more appealing in light of demographic pressures and COVID-19 fallout
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Opinion Pieces
Letter from Australia: Should super savings fund homes?
A post-COVID-19 housing boom has made the future of Australia’s A$3trn (€2trn) superannuation savings pool a hot topic.
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News
German finance ministry plans interest rate cuts to pension products
The ministry is convinced the adjustment will contribute to the long-term stability of life insurers
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News
Ilmarinen fails to reach its five-year goal of Paris alignment
Finnish pension insurer boasts it was the most solvent pension insurer last year
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News
Pension tax nets Danish state twice as much as oil, says IPD
Lobby group says pension return tax produced €6.5bn in revenues for the government last year
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News
DACH pension funds prepare for potential inflation hike
SBB expects inflation to rise over the next one to two years but to a limited extent, while interest rates will level off at a slightly higher level than today
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News
DAX firms top outlook with €9.9bn returns on pension assets
Pension liabilities and pension assets of DAX firms decreased last year by 1.8% and 3.9% to €409bn and €266bn, respectively
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News
AMF becomes biggest pensions firm to seek Swedish IORP II status
Move ‘safeguards opportunities to continue investing wisely and long-term’, says Swedish pension provider