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Established 1996
Thursday 27 April 2017



A report by Better Finance on pension savings has been criticised by PensionsEurope for comparing “apples and pears” as it does not differentiate between retail products and pension arrangements in the second pillar


Over half, 54 per cent, of working adults in Ireland do not have a company pension scheme available to them, new research has found


The cost of paying pensions to retired public sector staff in Ireland is now €3.3bn, a government report has noted.

According to The Irish Times, one of the main public-service union leaders warned members last week that the government is likely to discuss the issue of pensions in upcoming pay talks


The coverage ratios of the five biggest Dutch pension funds have increased slightly during the first quarter due to the higher interest rate, the funds’ Q1 results show


Former chair of PensionsEurope and current board member Joanne Segars is to step down from PensionsEurope to pursue a portfolio career


The pension fund for the Dutch Employee Insurance Agency (UWV) has signed a concept agreement to appoint Kempen Capital Management as fiduciary manager from 1 October 2017


A majority of institutional investors believe Brexit will be hard and many UK-based financial firms will establish subsidiaries in the European Union such as Malta


British Prime Minister Theresa May has called for a snap General Election to be held on 8 June 2017, which those in the pensions industry have said throws UK pensions policy “up in the air”


The Norwegian Government Pension Fund Global returned 3.8 per cent (NOK 298bn) in the first quarter of 2017, Norges Bank Investment Management has revealed


The Dutch Social Economic Council (SER) advocates personal pension
pots, where members find out the level of retirement income only ten
years before retirement


Bulgarian centre right party GERB has agreed on a minimum monthly pension amount with the United Patriots coalition of parties, BTA has reported


Over £150m of the Northern Irish policing budget has been paid to officers under the Police Service of Northern Ireland (PSNI) injuries scheme, the Irish News has found


Irish pension managed funds returned 0.9 per cent during March, according to Rubicon Investment Consulting


AGP will carry out the pension administration for the Dutch pension
fund for architecture firms from 1 January 2018


Dutch ship chandler Terneuzen Bonded Stores (TBS) and pension fund Foodservice disagree over whether the company is obliged to pay into the fund


Pfizer Ireland employees that are members of union Siptu have settled a dispute with the company to allow 35 new entrants to access its defined benefit pension scheme


Sweden’s AP1 Fund has invested $250m into a new environmentally focused fund launched by Osmosis, a sustainable investment manager


Oil trader Vitol Anker has liquidated its Dutch pension fund and
transferred the pensions to Belgian insurer Integrale in Luxembourg


The retirement income from the average Dutch DC pension pot has risen
from €687 to €756 in the fourth quarter of 2016, according to
Aon Hewitt’s Pension Comparison Tool


It is of “paramount importance” that the pension rights accumulated before and after Brexit of EU and British beneficiaries are protected, Pensions Europe has said


The Greek government will reportedly cut pensions by up to 1 per cent in 2019 as part of an EU bailout deal, Reuters has reported


A good pension in the public sector “no longer” true and a “draw for staff coming into employment” the Irish Department of Transport has reportedly said


Dutch pension fund PME will expand its sustainable investments as it
aims to sustainably invest 10 per cent of its assets by 2021


For the first time in ten years the average retirement age of Dutch
employees has not risen


Germany is to increase its state pension by 3.6 per cent from July 2017, Reuters has reported


There have been 3,600 applications to receive the new partial early old-age pension over the month of February, the Finnish Centre for Pension has revealed


The French public service additional pension scheme, ERAFP has acquired an office space in Amsterdam through LaSalle Investment Management


Small Dutch pension funds still have plenty of room to achieve substantial economies of scale, according to De Nederlandsche Bank (DNB)


Sixteen new financial institutions have joined Dutch pension fund Stichting Bedrijfstakpensioenfonds Zorgverzekeraars (SBZ), which opened up its membership to other parties last summer


German airline Lufthansa has reached an agreement with its pilot’s union on pay and pensions


The European Insurance and Occupational Pensions Authority has launched an engagement survey on the idea of a pan-European occupational defined contribution framework


The average coverage ratio of Dutch pension funds increased from 103 per cent to 104 per cent in February, according to Aon Hewitt’s Pension Thermometer


Pension funds are not obliged to distribute a voluntary one-off employer contribution among the employees of all the companies that are part of the fund, the court in Amsterdam has decided


It takes a total of 10 workers to pay one persons’ pension in Greece, experts have said


UK Chancellor Philip Hammond has left UK pensions largely untouched in his Spring Budget, which although welcomed by some has been described as a “missed opportunity” by others


The UK government is to introduce a 25% charge on transfers to Qualifying recognised overseas pension schemes (QROPS) from midnight tonight, the UK Chancellor Philip Hammond has announced in his Spring Budget, in a bid to crack down on tax abuse of foreign pension schemes


Poland is planning on launching a reformed pension system from the beginning of 2018, The Warsaw Voice has reported


The Dutch pension fund of Bavaria will be liquidated and the pension arrangements will be moved to the APF of Central Beheer Achmea, the pension fund has announced


Pension fund Butchers is allowed to continue its ‘provisional pension arrangement’, judges decided in an appeal brought forward by Dutch regulator De Nederlandsche Bank (DNB), who wanted the fund to adjust the arrangement


Norges Bank Investment Management has revealed the Norwegian Government Pension Fund Global returned 6.9 per cent in 2016, equivalent to NOK 447bn


Pension funds within the euro area had a total of €2,446bn in assets in the third quarter of 2016, the European Central Bank has revealed


Due to strong demand, the deadline for the European Pensions Awards has been extended until 10th March


Dutch pension fund Meubel has appointed IT company Centric as its pension administrator


The Dutch government should share the financial burden for the supervision of pension funds, the country’s Pension Federation said in a letter to the Dutch Ministry of Finance


Sweden’s AP1 Fund returned 9.3 per cent in 2016, equivalent to a net investment income of SEK 27bn after expenses, it has revealed


Emergency legislation is needed to protect private sector defined benefit pension schemes, the Irish Congress of Trade Unions has said


World Pensions Council director general Nicolas J. Firzli examines why for European pension funds, the election of President Trump, could offer "remarkable opportunities"


Europe’s five largest pension funds have €7.5bn invested in companies with activity in and around illegal settlements in occupied Palestinian territories, Danwatch has claimed


The European Insurance and Occupational Pensions Authority has said it is going to take a more active role in supporting the authorisation and setting up of cross-border IORPs


The European Insurance and Occupational Pensions Authority (EIOPA) is to explore profit sharing products for the Pan-European Personal Pension Product (PEPP)


A €450m annuity transaction has been agreed between a leading global corporate and AXA France Vie on an Irish defined benefit pension scheme, Business World ie has reported


Allowing people to draw their state pension two years earlier or five years later will increase the Dutch government’s pension costs in the short term, according to calculations by the Central Planning Bureau (CPB)


A correction of the actuarial interest rate is needed to create more stability in the Dutch pension system, according to Dutch pension fund PMT CEO Benne Van Popta


Estimations of the European Union’s €63.8bn pension liability are “burdened with considerable uncertainty”, according to think tank Bruegel


Swiss pension funds need to adjust their asset allocation to avoid the threat of a funding shortfall, according to the Swiss Bankers Association (SBA)


The German government is making provisions to equalise the pensions gap between East and West Germany by January 2025


Dublin Bus staff and members of the Services Industrial Professional and Technical Union, (SIPTU) have announced their decision to take industrial action over pension issues


European policymakers must act now to tackle the “unprecedented challenge” of the pensions strain that the union faces, according to Insurance Europe


The Irish Pension Bill, as proposed by Fianna Fáil, has been voted for by 82 votes to 51, defeating the government, RTE reported


Over 35,000 people had their pensions cut as a result of changes to the state pension in 2012 by the previous Irish government, Age Action has reported


Danish state pension fund ATP has announced a gross investment return of DKK 15.3bn before tax and expenses, following a “turbulent year”


Irish TDs are set to debate a bill that looks to give greater protection to members of defined benefit pension schemes tonight, 7 February 2017.


European head-quartered companies are paying over two times more per employee into their UK pension schemes than FTSE350 counterparts, Barnett Waddingham has found


French public service pension fund ERAFP has updated its shareholder engagement guidelines and its policy for voting in general meetings to reflect the changes to its SRI charter


Norwegian oil firm Aker BP has reported surprisingly higher-than-forecasted fourth quarter earnings as a result of a change in the company’s pension scheme, Reuters has reported


Dutch pension fund Philips Pensioenfonds gained 10.2 per cent on investments over the course of 2016, despite a 2.8 per cent loss in the last quarter


Net inflows into UCITS and AIF assets dropped by €40bn in November 2016, according to the European Fund and Asset Management Association


Croatia’s mandatory pension funds (OMF) returned more than 5bn Kuna last year, according to the Association of Pension Funds


Those in the industry wanting to apply for the European Pensions Awards have just over three weeks left to apply with applications closing on the 24 February 2017


For the first time Finland and Italy have been featured in a study of the top 22 countries for pension assets by Willis Towers Watson


Norges Bank Real Estate Management has sold three logistics properties in San Francisco Bay on behalf of the Norway Government Pension Fund Global


Shrinking month-end liquidity pools have left European pension funds most at risk, a panellist at a summit in Luxembourg explained.


The Norwegian Government Pension Fund Global has revoked its exclusion of American arms manufacturer Raytheon Co


A plan to reduce the pensions gender gap has been agreed by Sweden’s pensions review committee Pensiongruppen, the Swedish government has revealed


The combined deficit of defined benefit pension schemes in listed companies of Ireland’s Stock Exchange soared by 50 per cent to €4.5bn in 2016


Ireland’s Republican Party Fianna Fáil has revealed that it will propose legislative measures to stop solvent businesses closing their defined benefit pension plans


The European Commission is seeking to amend regulations around EU derivatives reforms that could wipe €3bn off European citizens’ pensions every year


Maltese pension fund Falcon Funds is facing a criminal investigation in Sweden after the Swedish Pensions Agency claimed it had been unable or unwilling to pay 2.4 billion Swedish Kroner (€247m) of savings to 22,000 investors


Pensioners in Finland have enjoyed an income uplift of a third in the past 20 years, the Finnish Centre for Pensions (ETK) has reported


UK trustees need to take IORP II implementation seriously, despite Brexit, explains the UK's Society of Pension Professionals chairman of the European sub-committee, Tony Bacon


Ireland’s leading pension provider with over one million customers, Irish Life, has said it is willing and ready to invest in social housing projects, the Irish Independent has reported


The Credit Suisse Swiss Pension Fund Index reached an all-time high at the end of December 2016


The Chamber of Commerce and Industry of Slovenia (GZS) has claimed that proposals by trade unions for milder pension reforms would cost an additional €1bn


Finland’s earnings-related pension reforms have taken effect with pension accrual rates changing immediately


French public service pension fund ERAFP has awarded a private equity portfolio management and infrastructure mandates


Tata Steel’s defined benefit pension scheme closure could compromise jobs at German steelmaker Thyssenkrupp, it has been revealed


Romania’s parliament has approved tax breaks for pensioners that will come into force next month, EurActiv has reported


Polish nationals will have to work for 15 years or more in order to receive a pension according to a list of recommendations to the pension system reform the government has been preparing, the Warsaw Business Journal


Norges Bank Investment Management has appointed Geir Oivind Nygard as its new chief investment officer for asset strategies in Norway


Ireland’s Minister for Social Protection Leo Varadkar has confirmed his plan to review retirement rules early this year, Breaking News Ie has revealed


The Polish Senate will continue to consult on the law that decreases the pensions of soldiers who started to serve during the Polish People’s Republic period, Polish Senate speaker Stanislaw Karczewski has said


The “slow but steady” introduction of digital technologies into the European pensions sector does not come without its risks, the European Insurance and Occupational Pensions Authority has said


Greece is in a standoff with its lenders over the government’s plans to hand out pensioners a Christmas bonus, Reuters has reported


Greece is paying public pensions "at the level of the richest European countries", the International Monetary Fund has claimed


A Seanad amendment to the Social Welfare Bill 2016 to prevent profitable companies from winding up workers’ pension schemes has been discarded, the Irish Examiner explained


Any Irish Gardai that go on strike should not be allowed to accrue any extra pension benefits for five years, according to former chairman of the Labour Court John Horgan


The National Union of Journalists has highlighted that discussions concerning the closure of Independent News and Media’s defined benefit pension scheme remains a ‘secretive process’, has reported


Former Dutch armed forces veterans and civilian personnel are to go to court over government pension changes that will leave them with a pension shortfall


Member states within the European Union have two years from today to implement the Institutions for Occupational Retirement Provision II (IORP II) directive into national law


Pensions scheme operations are a matter for the trustees of the particular scheme, Irish politician Enda Kenny has said when challenged about the government’s protections for pensioners when schemes are closed down “on a whim”


Irish building firm Seabuild has been spared a criminal conviction despite taking money from employees’ wages and not investing it into their pension scheme, the Irish Examiner has reported


The French public service pension fund ERAFP has revealed that it is revising its social responsible investment charter


Italy has voted a categorical ‘no’ against constitutional change in a referendum which could have major implications for Italy’s economy and further afield


Protests over the closure of Independent News & Media’s defined benefit pension scheme are anticipated ahead of an extraordinary general meeting tomorrow, The Irish Independent has reported


Norway’s Government Pension Fund Global should increase the equity share in the fund’s strategic benchmark index to 75 per cent, according to Norges Bank


European pension plans to do not see Brexit as promising anything resembling a happy ending, according to research by Amundi Asset Management and Create-research


Independent News and Media (INM) has been informed that its decision to wind up its defined benefit pension scheme is not justified on legal or moral grounds, the Irish Times has reported


An open letter has been launched to encourage Norway’s biggest pension fund ,Oljefondet, to divest from a company running Australia’s offshore detention camps


The winners of the fifth Irish Pensions Awards were announced last night at a glittering gala dinner in the ballroom of Dublin's stunning 5 star Shelbourne Hotel


The Irish government has been urged to stop “sitting on its hands” and address the mismanagement of defined benefit schemes across the industry


The Court of Justice of the European Union (CJEU) has ruled that former Trinity College Dublin lecturer Dr David Parris should not have the right to leave his pension to his same-sex partner


Greece’s civil servants and seamen are holding a 24-hour strike to protest against planned reforms to labour laws and threats to their pensions, Reuters has reported


Tens of thousands of Nazi war crime suspects have been able to continue to receive disability pensions regardless of a law passed that revoked this right, the Associated Press has reported


Automatic enrolment within Ireland is a priority but it will take time to “get right”, according to Social Protection Minister Leo Varadkar


The majority of European countries have recorded increased underfunded pension ratios from 2015 to 2016, MSCI has revealed


The National Union of Journalists has called on Independent Newspapers, Ireland, to withdraw its proposed closure of the company’s defined benefit pension schemes


Ireland’s defined benefit pension scheme deficits soared by more than 160 per cent during the first nine months of the year, LCP Ireland has revealed


Norges Bank Real Estate Management, on behalf of Norway’s Government Pension Fund Global, has acquired a 100 per cent interest in a property in London


The Swiss Farmers Association (SBV) and the Swiss Trade Association (sgv) have issued a joint proposal regarding the debate on the 2020 pension reform, Business 24 has reported


Finland’s Ministry of Social Affairs and Health has confirmed that the life expectancy coefficient for 2017 will fall to 0.96344 from 0.96800


Finnish state pension fund VER’s investments returned 4.4 per cent from 1 January to 30 September 2016


The Irish government is failing women who have been affected by Irish state pension band changes, according to Sinn Féin


Donald Trump’s presidential victory this morning has brought with it a somewhat stunted reaction by global markets


ERAFP, France’s civil service pension fund is considering entering into repo transactions with the European Central Bank to turn savings into capital gains


European pension funds report varied criteria that they prioritise when selecting new investment managers, a study by Market Strategies International has revealed


One of the founding fathers of the European monetary union has criticised central banks, including the European Central Bank, for their use of zero interest rates in a bid to stimulate growth


Mirova and Natixis Asset Management, as well as 17 other international investors representing over €5trn in assets under management, are leading a call seeking an unlimited moratorium on oil and gas activity in the Arctic high seas


Finland’s earnings-related pension index will rise by approximately 0.6 per cent in 2017, the Ministry of Social Affairs and Health has confirmed


Maltese pensions should be index linked to strengthen the purchasing power of pensioners, the Alliance of Pensioners’ Organisations has said


The Norwegian Government Pension Fund Global return fell by 0.41 per cent in the third quarter of 2016 and was down 3.73 per cent in the year to date, it has reported


Assets managed by the world's largest 500 asset managers fell in 2015 for the first time since 2011, latest research published by Willis Towers Watson has shown


The Bank of Ireland’s pension deficit has increased by €0.25bn in quarter three, reaching €1.45bn


French public service additional pension scheme ERAFP has launched a tender for one or more consulting firms specialised in evaluating climate change risks and opportunities


Unlisted equity investments and private equity funds generated the highest returns at Finnish pensions company and private investor Varma


Danish pension provider ATP has revealed it has returned 12.3 per cent in the first three quarters of 2016, equivalent to DKK12.5bn


The European Insurance and Occupational Pensions Authority (EIOPA) has concluded that the Statement of Investment Policy Principles (SIPP) is primarily used as a supervisory tool for identification of risks and compliance checks of the Institutions for Occupational Retirement Provisions’ (IORPs) investment policy


Denmark and the Netherlands have been ranked as the top two countries in the Melbourne Mercer Global Pension Index


The capacity for longevity risk transfer deals is set to increase due to the introduction of ‘sidecars’, Prudential Financial has predicted


UCITS registered inflows totalling €49bn in July, up from net outflows of €10bn in June, according to latest statistics revealed today by EFAMA


A Pan-European Personal Pension Product should have a "long-term perspective in its investment policy" to better reflect the long-term nature of retirement savings and must include a number of flexible features to ensure success


Immigrants working and living in Finland face a lower retirement income than Finnish nationals, according to the Finnish Centre for Pensions


The Central Bank of Ireland has enforced a €1,150,000 fine on Capita Life and Pensions Services for conducting unauthorised business


The European Fund and Asset Management Association has updated its responsible investment report with the publication of a new paper


Belgium’s government has agreed to a bill that will relieve cross-border pension schemes from taxes, the International Adviser has reported


Bayerische Versorgungskammer, Germany’s largest public pensions group is understood to be the leading bidder for the Liffey Valley Shopping Centre in west Dublin, The Irish Times has reported


Dutch pension fund manager APG Asset Management is in the final round of negotiations to purchase a majority stake in three malls owned by the Xander Group’s Virtuous Retail, the Business Standard has reported


PensionsEurope has warned that solvency capital requirements would have “significant negative consequences” at national or EU level as it revealed the Norwegian government has plans to introduce solvency rules


Individuals in Ireland whose income is acquired from “unearned” sources such as rent and share dividends risk losing state pension entitlements under a glitch in governmental rules introduced in 2014, according to The Irish Times


Irish pension funds declined 0.3 per cent on average in September, according to Rubicon Investment Consulting


The Irish pensions sector is “at a crossroads” due to low interest rates and state pension amendments, the Irish Association of Pension Funds has stated


Finland’s pension contributions are the second highest in Europe according to a forthcoming study, the Finnish Centre for Pensions has reported


Norges Bank Investment Management has decided to revoke the exclusion of Singapore Technologies Engineering Ltd from the Government Pension Fund Global


The Irish Constitution may need to be altered to safeguard a new universal pension scheme from future government interference, has reported


The Irish government has confirmed its plan to increase the old-age pension by €5 in this year’s Budget, according to The Irish Times


Following the Greek parliament’s approval of new austerity measures, Labour and Social Insurance minister Giorgos Katrougalos has said that he is aiming to “isolate” the International Monetary Fund and its stringent views on pensions and labour relations


Danish pension funds, PFA and PKA, have formed a consortium with private equity firm Axcel to invest DKK 4.25bn in Danish Ship Finance’s A shares, securing Danish ownership of the company


Swiss citizens have voted against increasing the basic state pension by 10 per cent, according to Expatica


Age Action Ireland has called for the government to increase over-65s state pension by €5 a week.

The organisation has argued that the rise should be on top of this year’s Budget agenda and is in line with the commitment made in the Fine Gael manifesto


Norges Bank Real Estate Management, on behalf of the Norwegian Government Pension Fund Global, has acquired a 47.5 per cent interest in a property in Washington D.C, USA, it has revealed


Twenty four EU member states and the European Parliament have called on the EU Commission to postpone the application date of the PRIIPs Regulation


Ireland’s Republican Party Fianna Fáil’s leader Micheál Martin has voiced the need for meaningful increases in the state pension at its think-in in Co Carlow, according to the Kildare Nationalist


Investment fund assets worldwide increased by 4 per cent in the second quarter of 2016, according to the European Fund and Asset Management Association


Pensioners in the Czech Republic will receive CZK 300 more a month starting from 2017, Radio Prague has reported


Members of the European Parliament have called for changes to the legislation on Packaged Retail and Insurance-based Investment Products (PRIIPs)


PensionsEurope has said it rejects the European Insurance and Occupational Pensions Authority’s proposal for the mandatory use of the common framework balance sheet as a risk management and transparency tool


The Central Remedial Clinic’s (CRC) employees have announced their plans to strike over their pension entitlements, regardless of the Irish government’s decision to grant them access to a public service pension scheme


The European Insurance and Occupational Pensions Authority has outlined seven good practices with regard to the use of different communication tools and channels to communicate to members of occupational pension schemes


Net sales of UCITS rebounded to €71bn in the second quarter of 2016, from net outflows of €7bn in the first quarter, according to the European Fund and Asset Management Association


Finnish pension funds will find it “difficult” to meet their return levels in the coming years, according to the Financial Supervisory Authority, otherwise known as Finanssivalvonta or FIN-FSA


Europe will have to save an additional €2trn a year, the equivalent to around 13 per cent of EU 2016 GDP to close the pension savings gap, Aviva has reported


Eighty-five per cent of European pension funds failed to respond to members urging them to support climate resolutions at ExxonMobil’s AGM


The European Fund and Asset Management Association has said UCITS equity funds suffered a “severe drop” in sales in June 2016 due to the Brexit vote in the UK


Assets under management of the largest pension funds in Europe grew by 3.6 per cent in the five year period up to the year-end 2015, according to Willis Towers Watson


Pension funds and insurance companies and other non-bank financial institutions are dominating the currency trading market, according to a new survey


The European Parliament has delayed the regulatory technical standards for Priips


France's pension scheme for civil servants, ERAFP, has revealed the proportion of fossil fuels in its portfolio is already aligned with that advocated by the International Energy Agency for 2030


Liquid alternatives and private debt are the asset classes likely to benefit most from Brexit, new research has shown


Chief executive of ATP Carsten Stendevad has announced his decision to resign from his position and return to the US for family reasons


Norway’s largest life insurance company KLP returned 1.7 per cent on the value of its customers' assets in the second quarter of 2016, it has announced


The Pensions Authority has established a new Regulatory Intelligence function, supporting the Authority’s compliance activity by focusing on the accuracy and integrity of data being submitted by regulated entities


The Irish Pensions Authority secured convictions in 22 cases in 2015, with a total of €38,890 in fines being imposed relating to contribution payments


In the first half of 2016, PensionDanmark has returned almost DKK4bn less than it returned in the first half of 2015


Alecta, the largest occupational pensions provider in Sweden, has suffered losses on both its defined contribution and defined benefit products, it has announced


The Swiss investment fund market has topped CHF 900bn following an increase of around CHF 20bn or 2.2 per cent month-on-month, latest statistics have revealed


Norway’s Government Pension Fund Global returned 1.3 per cent in the second quarter of 2016, it has announced


Irish political party Fianna Fáil wants to see a €5 weekly increase to the state pension


Germany should raise its state pension age to 69 by 2060 according to a report by its central bank, Bundesbank


The Czech Republic sent pensions from the Czech Social Security Administration to 87,588 recipients in 87 foreign countries at the end of last year according to Prague Monitor


Approximately 80 per cent of institutional investors across Europe plan to increase or maintain their involvement with European real estate over the next two years, according to new research by Aquila Capital


The total deficit for Ireland’s large Iseq 20 companies has rocketed by 97 per cent from €3bn to €5.7bn in the first half of the year


New legislation will be required after staff at the Central Remedial Clinic (CRC) were told they can move to a public service pension scheme following the collapse of the charity’s private plan, according to The Irish Times


Minimum earnings to receive a full contributory state pension may rise from €38 to €70 per week in Ireland, according to RTÉ News


Former Irish President Mary McAleese was paid a pension of €137,749.14 in 2015, the Irish Department of Finance has revealed


Italy’s Enasarco pension fund, for sales representatives, has said it will not invest in Atlante, the fund created by the Italian government to rescue banks


Adepp, the Italian association of 19 sector-specific pension funds, has raised concerns at the price at which the Italian bank rescue fund Atlante 2 has agreed to buy the bad loans of Monte dei Paschi di Siena bank


Bavaria is to sue Volkswagen over losses to its state pension fund in the wake of the emissions cheating scandal, according to the Associated Press


The deadline for entering the annual Irish Pensions Awards has been extended to 10 August due to phenomenal demand


Denmark and the Netherlands possess the most “superior pension systems” out of eight global diversified pension markets, according to UBS Asset Management


Pension savers will now be able to receive a 30 per cent tax free lump sum on retirement, Malta's Qualifying Recognised Overseas Pension Scheme (QROPS) has confirmed, iExpats has revealed


The mayor of Amsterdam has put pressure on Dutch pension fund ABP to withdraw its investments in coal, oil and gas companies due to concerns about irreversible climate change


A pension contribution of €2.1m has reduced the profits of Shannon Airport in Ireland to €300,000, down from €1.6m in 2014


Adepp, the Italian association of 19 sector-specific pension funds, has decided to invest €500m in a new fund called Atlante 2, backed by the Italian government and designed to buy non-performing loans


The Spanish state paid out €300m a year to almost 30,000 Spanish citizens in 2014 who have been officially registered as deceased, according to El País


Norwegian Government Pension Fund Global has sold its 45 per cent stake in two US properties for US$43.8m and US$47.5m respectively


James Walsh explores the advice given in EU Commissioner Jonathan Hill’s exit speech


Cyprus’ President Nicos Anastasiades and three members of his cabinet are among a few state officials who have waived their state pension


The European Central Bank has announced it will keep interest rates on hold as “expected” by many in the industry.

It means interest rates on the main refinancing operations and on the marginal lending facility and the deposit facility will remain unchanged at 0.00 per cent, 0.25 per cent and -0.40 per cent respectively.


Zola Sookias explains the importance of investment education and training for DC plan members


Western Europe has dominated the Natixis Asset Management Global Retirement Index with seven of the top 10 from the region


Norges Bank Real Estate Management has acquired 100 per cent of the long leasehold interest in 355-361 Oxford Street in London on behalf of the Norwegian Government Pension Fund Global


Irish workers without pensions are to be automatically enrolled into a new scheme with the option to opt-out, according to the Irish Independent.


A European Union court has ruled that the European Commission failed to prove that Germany’s contribution to Deutsche Post’s pension scheme constituted illegal state aid that had to be repaid, according to Reuters


The Bank of Ireland's pension deficit has hit €1.2bn as a result of Brexit, it has announced


Amsterdam's efforts to regenerate the oldest part of the city including the red light district have received a €60m boost following investment by two Dutch pension funds


The European Securities and Markets Authority (ESMA) has today launched a consultation paper looking to change the phase-in period for central clearing of OTC derivatives applicable to financial counterparties with a small amount of derivatives activity under the European Market Infrastructure Regulation


Norges Bank Investment Management has excluded two companies from the Government Pension Fund Global for being at risk of “serious violations of fundamental ethical norms"


The Brexit result has forced some of the world’s largest pension schemes to issue emergency guidance to retirees and has warned that some members could see cuts to their benefits


Asset managers have voted MiFID II and Solvency II as the most important regulations for them this year, according to Accudelta


The UK’s decision to leave the European Union had a knock on effect for Irish pension funds as they declined 1.6 per cent over June, according to Rubicon Investment Consulting


The European Insurance and Occupational Pensions Authority has reaffirmed its support for a Pan-European Personal Pension Product that should be regulated by a second regime for personal pensions


The Polish government has revealed its biggest shakeup in its pension system in almost 20 years


Only a fifth of pension professionals are confident when it comes to their pension funds' asset and liability valuations


A European Advocate General has ruled in favour of Dr David Parris in his case against Trinity College over his rights to leave his pension to his same-sex partner


PensionsEurope has said it “regrets” the UK’s decision to leave the European Union


Daimler has revealed it will contribute €1.8bn to the company’s pension assets to “safeguard employees’ pension benefits for the long term”


A final text of the new IORP Directive on workplace pensions has been published by the EU institutions today, incorporating a very strong statement (Recital 60a) ruling out any Solvency-based funding regime for pensions


Lesbian, Gay and Bisexual people in Ireland are anxiously awaiting the outcome of the Parris v Trinity College case, Pensions Equality honorary secretary Fergus Courtney explains why the decision is so important for members of the LGB community


There will be no emergency Budget following the UK’s vote to leave the EU, Chancellor George Osborne has said


The UK's European Commissioner Lord Hill is to resign following Britain's decision to leave the European Union


UK DB schemes are in for ‘rough ride’ due to higher inflation and an expected fall in asset values following Brexit, the industry has warned


The EU Brexit vote announced this morning may affect how easy it is for policymakers to set clear pension policies in the future with UK pensions law also potentially having to be separated from EU legislation, the pensions industry has warned


The winners of the European Pensions Awards 2016 were announced last night at a glittering gala dinner, which saw hundreds of Europe’s pensions elite gather to celebrate the industry’s successes at London’s stunning Millennium Hotel, Grosvenor Square


The United Kingdom has voted to leave the European Union, following a referendum held yesterday 23 June


PensionsEurope chair Janwillem Bouma has said that the EU must lessen the capital regulations placed on pensions funds if they are to achieve their full potential as long-term investors in the Capital Markets Union


Campaigners in Ireland are calling for pension equality for lesbian, gay, bisexual, transgender and intersexed people


Trustees are being urged to review their scheme data management in the light of new EU regulations which are set to come into force in May 2018


The European Insurance and Occupational Pensions Authority has said a double hit scenario cannot be ruled out


The European Union’s Money Market Reform should find the right balance between financial stability and economic growth, according to the European Fund and Asset Management Association


The development of a pan-European personal pension product as a way of addressing the current savings gap across Europe is something that the European Commission should continue to press ahead with, EFAMA president Alexander Schindler has said


Changes in the way that client relationships are managed, investment management brands are built and assets are raised and retained are reflected in a new guide for investor relations professionals by the Alternative Investment Management Association


The European Insurance and Occupational Pensions Authority (EIOPA) and the China Insurance Regulatory Commission (CIRC) have signed a Memorandum of Understanding (MoU) to update each other on the developments in the regulatory and supervisory frameworks for private pensions and insurance


A good portfolio is well diversified and Risk Parity (RP) is all about diversification, with the key idea being that individual assets contribute equally to total portfolio risk


Pension schemes across Europe have reduced their exposure to equities instead investing in alternative assets in a bid to manage volatility, Mercer says


Deputy Editor Adam Cadle explores the global threat of longevity and how we must imitate Germany's football success in dealing with this issue


If the world were given the benefit of foresight, planning for pensions by the state, pension funds and personally would be a much simpler process


The €23.5bn additional pension scheme for French civil servants ERAFP is to award a €500m to €1bn mandate to asset managers for a eurozone mid- and large-cap listed equities portfolio, benchmarked to the Scientific Beta Eurozone Max Sharpe Ration ERAFP SRI Carbon Efficient index


A total of 157 new funds have registered under the Irish Collective Asset Management Vehicle in its first 12 months of existence, bringing in €8.4bn in assets under management


Just 3 per cent of UK investors believe the health of the European economy would improve if Britain was to exit the EU, a new study by the Rivel Intelligence Council has found


Longevity risk is the biggest threat facing pension funds across the globe, new research has revealed


Over half of European asset owners now use smart beta indexes, compared to 28 per cent in North America and 38 per cent in Asia


Irish pension funds gained 2.7 per cent on average during May, with strong performances from all of the main managed funds, according to new figures published by Rubicon Investment Consulting


The European Securities and Markets Authority has reminded banks and investment firms that they must explain the risks to investors of buying bonds that can be used to prop up struggling banks


The Alternative Investment Management Association, the global representative body for alternative asset managers, has welcomed the European Commission consultation on reducing barriers to the cross-border marketing of investment funds


Less than half of those in employment in Ireland are saving into a pension scheme, according to the country’s Central Statistics Office


The European Securities and Markets Authority has pushed back against a request from the European Commission to amend one of its draft regulatory trading standard in relation to ancillary activities under the Markets in Financial Instruments Directive


UCITS registered net outflows of €6bn during Q1 2016, compared to net inflows of €122bn in Q4 2015, EFAMA has revealed


The fifth annual Irish Pension Awards are now accepting entries until 27 July for Irish pension funds and providers who feel they have excelled in the past year


The French public service additional pension scheme is launching an open call for tenders to select managers of Eurozone and European listed equities


The average Swiss Pensionskassen return has been recorded at 1.13 per cent compared to 7.13 per cent in the preceding year, latest figures have revealed


Biopharmaceutical company Pfizer is proposing to close its employee non-contributory defined benefit pension schemes from 2018, it has announced


The majority of the 20 largest Swiss pension funds do not fully consider long-term environmental risks, such as climate change, a new survey has revealed


Greater clarity is “urgently” needed on the extent of underfunding of corporate pensions in Europe and the potential impact this could have on financial stability, according to the European Insurance and Occupational Pensions Authority


Shell is being urged to provide greater clarity on specific elements of climate risk reporting and strategy in alignment with a low-carbon future


There is just over one month to go until the winners of the prestigious European Pensions Awards are announced


The European Commission will take a “targeted approach” to implementing new financial regulation, according to Commissioner Lord Hill


Irish Congress of Trade Unions private sector industrial officer Fergus Whelan has defended the organisation’s pension policy statements following criticism levelled at it by sections of the country’s media


A pensions style ‘Solvency II’ system may be back on the agenda of the European Commission within five years, according to the Society of Pension Professionals


Poland’s plans to partially reverse the 2013 retirement age increase is a “step in the wrong direction”, according to the International Monetary Fund


The total automation rate of processed orders of cross-border funds reached 85.4 per cent in the last quarter of 2015, the European Fund and Asset Management Association has found


UniCredit’s Bank Austria saw its net profits hit in the first quarter of 2016 as it had to make extra provisions to transfer staff into the state pension system


Britons retiring to Europe could see their state pensions curtailed by £50,000 if the UK votes to leave the EU next month, AJ Bell has warned


Italian MPs’ pensions are “intolerable and not affordable” for the country, according to National Institute of Pensions and Welfare president Tito Boeri


The International Monetary Fund has advised Germany to link its retirement age to life expectancy and to make the choice to remain in work “actuarially neutral” to retiring


Thousands have protested in Greece as the country’s government voted to pass through controversial pension reforms in order to secure further bailouts


Greece’s Prime Minister Alexis Tsipras has urged lawmakers in his Syriza party to approve a bill on pension reforms, according to Reuters


Pension scheme trustees are failing to give due focus to the increased risk of cyber attacks, lawyers from European firm Fieldfisher have warned


The Bulgarian government has announced there will be no nationalisation of private pension funds, and there is no “attack” against pension funds, despite other reforms being made to the system


The system of EU Central Counterparties is resilient to the stress scenarios used to model extreme but plausible market developments, the European Securities and Markets Authority has said


Sarah McPhee has been named chair of AP4, the fourth Swedish National Pension Fund


PensionsEurope CEO Matti Leppälä has been elected as chair of EIOPA’s Occupational Pensions Stakeholder Group (OPSG)


Two chief executive officers of Icelandic pension funds have resigned, after being exposed in the Panama Papers scandal


Danish pension fund ATP has posted an investment return of DKK 418m (€56.17m) in the first quarter of 2016, driven by bonds, alternative investments and commodities


Danish pension firm PKA has invested 350m kr (€47.02m) in natural gas power plants and onshore wind turbines in Ireland and Northern Ireland


A meeting between Greece’s Labour Minister Giorgos Katrougalos and journalist unions on the pension system reforms did not see them reach an agreement


The European Commission has said it is going to work on “laying the foundations” for a stronger European personal pensions market


Norges Bank Real Estate Management has sold a 50 per cent interest in two logistics properties in Spain for €25.1m, on behalf of the Norwegian Government Pension Fund Global


Italian Finance Minister Pier Carlo Padoan has declared his support for a review of the Italian pensions system and a desire to tackle the numerous problems that the Italian occupational system is facing


"With confidence in the project ebbing away and even Germany’s commitment being questioned, it seems only a matter of time until the FTT group falls to eight – one below the minimum required"


A budget forecast put before Bulgarian cabinet has called for increasing mandatory pension insurance contributions in 2017 and 2018


The results of a debate on the pension and tax reforms in Greece is expected to be delivered at the end of this week


Three Danish pension funds have purchased €148m worth of assets from the Carlsberg Foundation


The regulator at the Irish Pensions Authority is planning on cutting the number of defined contribution pension funds from 150,000 to 100 in order to pressure pension fund providers and asset managers to reduce fees


"The only conclusion I can reach is that UK voters are likely to be majorly disappointed if they expect Brexit to lead to stronger economic growth," says Absolute Return Partners CIO and founder Niels Jensen


Deputy Editor Adam Cadle gives his verdict on EIOPA's huge pension solvency announcement this week


The industry has welcomed EIOPA’s decision to end its work on a solvency-based funding regime for pension schemes, but has warned the ‘sting in the tail’ is the development of a Holistic Balance Sheet into a reporting regime


EIOPA's work on EU pensions solvency is to be halted, the industry body has announced


The European Securities and Markets Authority has today announced its first EU-wide stress test exercise assessing the resilience and safety of central counterparties


The Irish Pensions Authority has published the next tranche of its codes of governance for defined contribution schemes relating to collection and remittance of contributions, investing scheme assets and paying benefits


The Aer Lingus pension case affecting around 700 workers, is set to be assigned to a judge so it can be dealt with through the High Court as quickly as possible


The Greek pension system is at risk unless the necessary reforms are carried out, International Monetary Fund general director Christine Lagarde has warned


The Bulgarian parliament intends to annually index widows pensions as of 1 July, according to the country’s Deputy Prime Minister for Demographic and Social Policies and Minister of Labour and Social Policy, Ivaylo Kalfin


The European Commission has published MiFID II draft rules, proposing a full unbundling of research and trading fees in order to improve transparency into the fees assets managers charge


The retirement age in Portugal will increase by a month from January 2017 to 66 years and three months, according to a despatch published in the official governmental gazette


Following a raft of announcements from the European Central Bank, and other central banks across the world, industry figures are questioning whether these policies are losing their desired effects


Data transparency, a watchdog and digital information are the key areas which must be considered before applying for a Dutch Algemeen Pensioen Fonds license


The contribution of private pensions to ensure continued pension adequacy must be strengthened in Germany, the OECD has advised


Denmark’s AP Pension is increasing its investment in high yield corporate bonds as opportunities within the asset class in the US but also Europe grow


A lack of scale, insufficient data and mis-alignment of timeframes are all obstacles still remaining for pension funds looking to make strides in their sustainable investment programmes, the Pensions and Lifetime Savings Association has said


The European Securities and Markets Authority has fined the trade repository DTCC Derivatives Repository Limited €64,000, and issued a public notice, for negligently failing to put in place systems capable of providing regulators with direct and immediate access to derivatives trading data


Tax and pension reforms due to be implemented in Greece could be legislated prior to bailout review conclusion, a government spokeswoman has said


The International Monetary Fund has warned Slovenia must continue reforming its pension system in order to meet “looming fiscal challenges”


Asset growth for worldwide investment funds was 12 per cent for 2015, according to the European Fund and Asset Management Association


The shortlist for the 2016 European Pensions Awards has been revealed


A ‘No’ vote in the EU Referendum has many complexities for pension schemes, but would remove the risk of any EU imposed balance sheet or further interrogation of EU laws for pensions, PTL has said


Finance union IBOA has rejected Ulster Bank’s proposal to increase the cost of its defined benefit pension scheme for 1,500 staff in Northern Ireland


There is a strong need to address the current “fragmentation” of the retirement savings market in Europe, the European Fund and Asset Management Association has warned


Farmers are currently debating on whether to begin a protest in Athens over changes to the pensions system


The volume of assets placed in Swiss investment funds fell by CHF 18bn month-on-month, according to new data by the Swiss Funds and Asset Management Association


Swedish state-owned pension fund AP7 has awarded three mandates worth an estimated SEK230bn to passive equity managers


The Norwegian Government Pension Fund Global returned 2.7 per cent, equivalent to DKK334bn, in 2015


The European Central Bank’s decision to cut its interest on the main refinancing operations of the Eurosystem by five basis points to zero per cent does not ease challenges facing investors seeking yield and income, industry figures have warned


The European Central Bank has cut its main interest on the main refinancing operations of the Eurosystem by five basis points to zero per cent as part of a monetary package designed to revive the economy


If Britain leaves the European Union there would be very little impact on pension schemes, according to people on both sides of the Brexit debate


Pension providers in Sweden should develop stress tests and scenario analyses for their portfolios to combat the risks posed by climate change, the country’s regulator has said


Today is your last chance to win a 2016 European Pensions Award - just submit your entries before midnight


A group of European pension fund managers have written to the European Commission to ask for it to highlight the negative impact of incoming regulation


The European Insurance and Occupational Pensions Authority's chair Gabriel Bernardino has said a number of projects have been put on hold due to a limited budget from the European Commission


The European Insurance and Occupational Pensions Authority’s board of supervisors has appointed new members to the Insurance & Reinsurance (IRSG) and Occupational Pensions (OPSG) Stakeholder Groups


The European Fund and Asset Management has joined a group of leading European trade associations to support the new framework for securitisation regulation


Malta has made 'limited progress' on the pension system reform to address the long-term sustainability of public finances, according to the European Commission


The European Commission has warned that future retirees in Germany face old-age poverty due to low take-up rates in second and third pillar pension schemes


The results of the first pensions stress test show that the Holistic Balance Sheet does not work, according to PensionsEurope


Investment fund assets in Europe increased by 11.3 per cent up to €12.6trn in 2015 and achieved record sales of €725bn in the final quarter of 2015


Greece’s Labour Minister George Katrougalos has said the country will not cut pension again, even if international lenders demand it


Demands by the International Monetary Fund on Greece to reform its pension system are too big, according to Greek Finance Minister Euclid Tsakalotos


Irish political party Fianna Fáil has said it will introduce auto-enrolment if it wins the next General Election in Ireland


Dutch pension fund for healthcare workers, PFZW, has called upon pharmaceutical companies to lower the cost of drugs


The Greek government is currently toying with a number of potential reforms that could include cuts to pensions above €1,000 a month, following pressure to secure an agreement with its lenders


UCITS registered net sales of €14bn in December 2015, compared to net sales of €55bn in November, the European Fund and Asset Management Assocation has said


A number of leading carmakers have dismissed the views of institutional investors by failing to respond to requests for more information on lobbying and on compliance with CO2 and efficiency standards in both the EU and the US


Pension schemes are likely to be affected by the EU referendum in a number of ways, regardless of what the result us, pension experts have warned


Swiss pension funds recorded a median return of 0.7 per cent in 2015, Swiss pension fund association ASIP has revealed


Germany is the “jewel in the crown” for investment opportunities in 2016, according to Baring Asset Management director Robert Smith


The Keva Council has appointed Timo Kietäväinen as the new managing director of the Finnish earnings-related pensions institution


The European Securities and Markets Authority has published a discussion paper regarding the technical implementation of the incoming Benchmarks Regulation


Greek farmers have clashed with riot police during a protest over the government’s planned pension reforms


Danish pension fund PKA has announced it has invested DKK3.3bn in an offshore windfarm


Pension trustees and asset managers who ignore the risks of climate change on the value of their stock could face being sued, environmental and financial experts have warned


The UK should learn from the Netherlands and actively move forward with implementing cost disclosure reporting for its pension funds, a UK specialist in cost transparency has said


The amount of pension given to Malta’s disabled pensioners is set to increase by €5.16 a week, according to the Malta Independent


Norway’s Government Pension Fund Global has appointed a committee, chaired by senior economist and adjunct professor Knut Anton Mork, to assess its equity portfolio


Danish pension fund ATP achieved an investment return of DKK 16.5bn in 2015, equivalent to 17.2 per cent, the fund has announced


The Austrian Finance Ministry has opposed plans by Bank Austria to move around 3,300 employees into the state pension system as part of an overhaul of its retail operations in the country


International Monetary Fund managing director Christine Lagarde has said she does not want to see “draconian fiscal measures” applied to Greece


Protests in Greece against the government’s pension reforms turned violent today, 4 February, as thousands rallied in Athens


Norges Bank Investment Management, which manages the Norwegian Government Pension Fund Global, has said children’s rights will be the focus of its responsible investment policies for the coming year


Irish Funds has called for the European Commission to implement a range of measures for a Capital Markets Union


PensionDanmark has completed the construction of a biomass power plant in the UK as part of its joint investment with Copenhagen Infrastructure Partners and BWSC


The Pensions Authority has pledged to make a number of reforms over the next five years to ensure schemes are "properly run"


The Dutch civil service pension fund ABP could be split into number of different clusters in order to save on costs


The European Insurance and Occupational Pensions Authority has launched a consultation on its advice for the development of an EU single market for personal pension products


The European Fund and Asset Management Association has called for a ‘realistic timeframe’ to implement EU financial legislation


Four of the world’s largest ten pension funds are among investors to have called for mining giants to be more transparent over climate change risks and opportunities to their businesses


PLSA policy lead for EU and international James Walsh discusses why the Holistic Balance Sheet will just duplicate work for trustees


Greece’s seamen have announced they are to strike for a further 48 hours as part of their protest against the country’s pension reform plans


The European Insurance and Occupational Pensions authority has appointed Fausto Parente as its second executive director


Greek journalists have followed the footsteps of lawyers, ferry workers and farmers by striking against planned reforms to the country’s pensions system


Dutch pension fund ABP has said the likelihood that it will have to reduce pension payments in 2017 is growing


Responding to the pension stress test results, several industry voices have said they are “disappointed” with EIOPA for pressing ahead with the Holistic Balance Sheet under a new guise


A new management service for Dutch pension funds has been launched in response to the increasingly challenging Dutch regulatory and legal environment


Legal and General Capital has announced a partnership with a Dutch pension fund to build flats to rent, so it can use the income to pay pensions


The Economic and Monetary Affairs Committee has voted in favour of the proposals made by Irish MEP Brian Hayes for the Institutions for Occupational Retirement Prevision II directive


The results of the first pensions stress test have revealed defined benefit pension schemes are sensitive to an ‘abrupt drop in interest rates’ and an ‘increase in inflation rates, the European Insurance and Occupational Pensions Authority has said


Greek Prime Minister Alexis Tsipras has vowed to completely reform the country’s pension system, despite huge opposition from many public and private sector workers across the country


The European Pensions Awards 2016 are now open for entries and this year, in response to reader demand, two new categories have been added to reflect the growing prominence of Master Trusts and multi-asset investing


Rising pension payments to Germany’s civil servants are set to put increasing pressure on the country and pose fiscal challenges, a new report published by Moody’s has warned


German airline Lufthansa has agreed a preliminary deal with its main cabin crew union on pay and pensions


Net sales of UCITS increased to €55bn in November 2015, according to the European Fund and Asset Management Association


The Irish Institute of Pensions Management (IIPM) has, for the first time, launched a professional qualification for pension trustees in Ireland


Ferry workers and farmers in Greece have today started a two-day protest against plans to reform the country’s pension system


The European Commission has supported the European Securities and Markets Authority in its approach to the Alternative Investment Fund Managers Directive passport


Athens would be willing to discuss pension reforms with the IMF on the basis it could be assured a review of bailout reforms was concluded in a “timely manner”, Greek Finance Minister Euclid Tsakalotos has said


The Economic and Monetary Affairs Committee of the European Parliament is to make a decision on the revised Institutions for Occupational Retirement Provision directive


Labour unions in Greece are to hold a strike over the country’s planned pension reforms, according to Reuters


Former general secretary of the Irish Congress of Trade Unions David Begg has been announced as the new chair of the Irish Pensions Authority


More than half of institutional investors still favour equities over other asset classes, followed by real estate, a recent study has found


Investment fund assets worldwide decreased by a dramatic 5.9 per cent in the three months between end June and end September 2015, according to EFAMA’s latest international statistical release


The Norwegian Finance Initiative has awarded research grants to the National Bureau of Economic Research and London Business School with the aim of helping the long-term management of the Government Pension Fund Global


The former CIO of Denmark’s largest pension plan, ATP, has been appointed as the new executive vice president and CIO of the Ontario Teachers’ Pension Plan.

Bjarne Graven Larsen will assume his position as of 1 February 2016 and will report to the plan’s president and chief executive officer Ron Mock in the Toronto head office


PGGM has entered into a risk-sharing transaction with Banco Santander with the aim of further diversifying the asset mix of its pension fund client, PFZW, in an efficient manner


Civil servants who are members of the Greek union ADEDY have called for a protest against the government’s proposed pension reforms


Norges Bank has excluded the Chinese multinational telecommunications firm ZTE Corporation from the investment universe of Norway’s Government Pension Fund Global over allegations of severe corruption


Finland’s local government pension company Keva has added to its property portfolio with the acquisition of two shopping centres from the Swedish company Atrium Ljungberg AB


Irish pension funds ended 2015 with a loss of -3.7 per cent over the month of December, according to Rubicon Investment Consulting


The listed property company Balder has together with the Swedish buffer fund AP3 decided to enter into a joint venture for investments in residential properties in Sweden


The third Swedish National Pension Fund, AP3, is extending its sustainability profile by introducing new targets to further reduce the carbon footprint of its investment portfolio.

The SEK304bn AP3 fund is aiming to halve the carbon footprint of its holdings in listed equities and credits, compared with that in 2014


Luxembourg’s Fonds de Compensation has awarded global real estate mandates to Aviva Investors and CBRE Global Investment Partners


Danish pension fund Danica Pension has awarded a €1.3bn property mandate to Aberdeen Asset Management


The European Insurance and Occupational Pensions Authority has launched a consultation paper on good practices on communication tools and channels for communicating to occupational pension scheme members


The Irish state pension is ‘unsustainable’ in its current form, according to a report by actuarial firm Milliman


Gabriel Bernardino has been confirmed as chairman of the European Insurance and Occupational Pensions Authority by the European Parliament for another five years


Legal & General has entered into the European pension risk transfer market, securing a deal worth €200m with Dutch insurer ASR Nederland NV


More than five million people will be able to sell their annuity from 6 April 2017 in the UK, as the government outlined plans today to extend its landmark pension freedoms and create a new secondary annuity market in 2017


Sweden’s second AP fund, AP2 is set to divest from 28 power utilities


Rebuilding confidence in financial markets is pivotal for a successful Capital Markets Union, the European Fund and Asset Management Association has said


Ministers in Ireland have today signed the European Union Regulations 2015 into effect to establish European long-term investment funds in Ireland


A ‘double hit scenario’ remains a ‘key concern’ for pension funds, according to the European Insurance and Occupational Pensions Authority


A number of the largest pensions and insurance providers in Switzerland have come together to form an association for responsible investments


PensionsEurope has called on the member states in support of the European Union’s Financial Transaction Tax to withdraw the initiative as it would be ‘contra-productive’ to pension funds


The European Supervisory Authorities have launched a discussion paper on automation in financial advice


The European Central Bank has decided to extend its quantitative easing activity of €60bn a month until March 2017, placing “extra strain” on the funding of defined benefit schemes


The cost of pension expenditure in Italy reached €277,067m in 2014, according to the Italian National Institute of Statistics


The European Insurance and Occupational Pensions Authority has appointed three new members to its management board


The United Kingdom has one of the lowest average retirement incomes among all the countries in the Organisation for Economic Cooperation and Development


Leaders of the Greek government, including Prime Minister Alexis Tsipras, have failed to reach an agreement on the reforms to the pension system


The winners of the Irish Pensions Awards 2015 were announced at the annual gala on Wednesday, held at the 5* Shelbourne Hotel in Dublin


The deficits of the largest defined benefit pension schemes in Ireland increased by more than €2bn to €5.8bn during 2014, according to LCP Ireland


The British government has announced it is going to legislate to exempt Dutch war victims from income tax on certain pension and annuity payments made by the Netherlands government


Lufthansa cabin crew have called off planned strike action for this week after progress was made following talks with the airline on pension benefits


The Swedish AP pension funds have all agreed to coordinate the way in which their carbon footprints are reported in order to boost transparency and allow them to assess their work on climate issues


Norges Bank Investment Management has acquired a 44 per cent share in a property portfolio in New York City on behalf of the Government Pension Fund Global


The Greek government have set out plans to split the country’s imminent pension reform into two parts, Minister of Labour Giorgos Katrougalos has announced


Less than one week remains until the Irish Pensions Awards 2015 prestigious awards dinner and gala ceremony is held at The 5* Shelbourne, Dublin


Global markets have not over-reacted to the recent violence in Paris with economic impact limited, investment management firm Charles Stanley has said


UK private sector defined benefit pension schemes would have a further £60bn added to current deficits if pensioners were to live on average one year longer than assumed, The Institute and Faculty of Actuaries’ latest longevity bulletin on mortality has shown


Pensioenfonds Zorg en Welzijn (PFZW) has announced it will divest from companies with high carbon dioxide emissions


Fossil fuel investments are costing major funds, including Dutch pension fund ABP, billions of pounds, research has found.


The European Union’s Attorney General, Yves Bot, has declared the reduction of old age pensions to those receiving a contributory foreign pension ‘illegal’, the Times of Malta has reported


Yields on DM sovereign bonds are catching up with the wider market rally, as fears about deflation have dissipated and a first Fed rate rise is now more likely in December, Pictet Wealth Management chief strategist Christophe Donay has said


Poland's Constitutional Tribunal has ruled that the government's decision to transfer over 100bn zlotys (€23.68bn) from pension funds to the state, as part of a second-pillar pension reform, was entirely legal and in line with the constitution


Expenditures on pensions in Bulgaria represent the biggest share in the country’s public social insurance budget, the National Social Security Institute has said


The Markets in Financial Instruments Directive II is likely to be delayed by up to a year, the European Commission has said


Oslo’s main public sector pension fund has reported a lower year-on-year return as a result of weaker equity markets and falling prices in corporate bonds


Pension funds and other institutional investors have written to policy makers across the EU calling for a ‘prompt decision’ to tighten the EU testing regime on CO2 emissions from road vehicles


Members of PensionsEurope have elected Janwillem Bouma, the managing director of Netherlands’ Shell Pension Fund, as the new PensionsEurope chair.

Bouma is a member of the board of the Federation of the Dutch and a member of the Occupational Pensions Stakeholder Group at the European Insurance and Occupational Pensions Authority (EIOPA)


German airline Lufthansa has cancelled 290 scheduled flights for Friday afternoon due to cabin crew staff striking over reforms to their pensions


Pension schemes are concerned about the increasing personalisation of risk in the industry, and warn it could cause permanent damage, according to a report published today by CREATE-Research and Amundi


Taking into account the employer’s and employee’s perspective on retirement benefits is one of the key principles to be applied when it comes to designing a modern defined contribution scheme (DC)


The Greek Ministry of Labour, Social Insurance and Social Solidarity is looking at setting mandatory pension contributions to 20 per cent.

The contributions will resemble that of IKA, while increasing the contributions of sectors which have been reduced, Tovima reported


Norway’s Government Pension Fund Global returned NOK -273bn in the third quarter of the year due to a “slowdown” in the global economy, it has announced


Danish pension fund ATP made a negative investment return of DKK 200m in Q3 due to a “turbulent market”


Finland’s Ministry of Social Affairs and Health has confirmed the indexes for earnings-related pension provision for the year 2016


New research has revealed over $260bn in pension liabilities have been transferred globally since 2007 as plan sponsors are forced to re-think pension risk


The Greek government is looking at potentially increasing employer pension contributions in an attempt to avoid making cuts to pensions under €1,000


The old age pension rate in Ireland will increase next year if the Labour Party returns to office, Tánaiste Joan Burton has said


The five million immigrants living in Italy pay for 620,000 people’s pensions the Leone Moressa Foundation has found


Irish airline Aer Lingus has accused the union Siptu of using “undue influence” to persuade the trustees of its pension scheme to choose a specific provider, The Irish Times has reported


Over half of the top 10 best pension systems in the world are European countries, with Denmark and the Netherlands leading the way in first and second place


The Norwegian Government Pension Fund Global has acquired a 45 per cent share in a logistics portfolio comprising of two properties in Chicago, USA, through a joint venture with Prologis

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