All Country Reports – Page 4
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Country Report
Finland aims for pension stability
A pensions working group will investigate ways to improve the system to help strengthen the economy
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Country Report
Icelandic pension funds show readiness to face challenges
The proposed liquidation of Iceland’s Housing Finance Fund is the latest of a string of challenges for Icelandic pension funds
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Spanish pensions report 2023: funds ride a wave of uncertainty
Diversification remains a key tool in pension fund portfolios
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Country Report
Switzerland pensions report 2023: funds consider next move with UBS and Credit Suisse
Fears of market concentration in asset management and custody services are leading Swiss Pensionskassen to rethink relations with the enlarged UBS
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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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Country Report
Ethos makes active use of voting rights
Ethos CEO Vincent Kaufmann speaks to Luigi Serenelli about the Swiss Foundation for Sustainable Development, which is composed of 252 pension funds and public utility foundations. Ethos was founded in 1997 and aims to promote socially responsible investment by its active participation in company AGMs
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Asset allocation for Swiss pension funds: end to the drift away from bonds?
Markets and a growing familiarity with alternative assets have seen portfolio structures move slightly last year but despite the rise in interest no sudden movements are expected
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Country Report
Swiss pensions: difficult 2022, partial recovery in 2023
The Complementa Risk Check-up is conducted annually and provides insights into the Swiss pension fund market. Andreas Rothacher and Ueli Sutter share some of the highlights of their findings
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Swiss retirement is becoming more flexible
Swiss pension funds are starting to offer members greater flexibility in how they access their retirement savings in their old age
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Country Report
Netherlands pensions report 2023: Dutch funds plot move back into active investing
Several large Dutch pension funds are planning to move back into active management while others choose to go passive and further tweak their indices. But these two trends are not as contradictory as they may seem
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Dutch pension funds evaluate member benefits and portfolio changes ahead of the transition
Early movers in the transition to a new Dutch pension system believe members could gain better benefits than under the old system
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Clouds on the horizon for the fiduciary model in the Netherlands
Demand for fiduciary services has been buoyant but there are few predictions for a healthy future pipeline as the pension transition deadline approaches
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Pensions in France - IPE Country Report
Fierce opposition from trade unions and a large part of the political spectrum did not manage to stop Emmanuel Macron’s plan to reform the French pension system. The new framework kicks in this month, and the long-term sustainability of public pensions is secure. However, French workers will have to work longer into their lives, and their standard of living will decline.
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Country Report
New pension rules set to transform France
After much opposition, profound changes to the retirement system take effect this month
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France moves ahead with innovative climate reporting rules
A new French law could compel companies to disclose their climate plans
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France’s new pension product smashes through target
Assets managed by PER supplementary pension products could reach €200bn by 2026
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Country Report
Country report – Pensions in Italy (July/August 2023)
Italian second-pillar occupational pension funds continue on their path to diversification. Owing to the higher yields on offer in traditional fixed income markets, allocations to private markets may slow down temporarily, but funds have made long-term strategic commitments. A variety of industry initiatives is facilitating investment in private equity, private debt and infrastructure. Meanwhile, some pension funds are consolidating their private markets portfolios.
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Country Report
Italy: Private markets allocations at a crossroads
Italian pensions funds are showing renewed interest in fixed income, as investment in private markets slows down – but long-term commitments are still in place
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Country Report
Italy: Byblos consolidates private markets portfolio
The industry-wide fund has opted for a single external multi-asset mandate for private equity, private debt and infrastructure
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Country Report
Italy: Casse di Previdenza roll with the punches
Italian industry-wide pension funds fail to attract new members, with potentially serious long-term consequences