News in brief: 21 November

- The Dutch pension fund ABP is investing €75m in Italian utility company, A2A.

The investment aims to improve Italy's water supply and is expected to offer an attractive return with limited risk, according to ABP. A2A manages the gas and electricity supply in northern Italy, but is also responsible for 700km of water pipes in the same region. The pension fund is partnering with its asset manager APG on the investment, with it also committing €75m. As part of the agreement, ABP has specified that the capital should be used to reduce water loss.

- Swedish pension provider SPP has announced its indexation rate for pensions in 2026, 0.89 per cent.

The rise applies to members who have Voluntary ITP, Voluntary BTP, Voluntary FTP, BTP, FTP, PTP or SPP's International Insurance. However, previously earned pension rights (paid-up policies) will not be adjusted upwards. For those with PPA 07 or K06 Car G, both pension supplements and earned pension rights will also be increased by 0.89 per cent.

- Ireland’s Pensions Authority has published information on the annual compliance statement (ACS) that schemes are required to complete for 2025.

Section 26T of the Pensions Act requires trustees to prepare an ACS not later than 31 January each year for the preceding year for prudential supervision. The ACS must be certified for accuracy and completeness by at least two trustees or, in the case of a corporate trustee, by at least two directors.

- Pensioenfonds Zorg en Welzijn (PFZW) has received authorisation from De Nederlandsche Bank to switch to the new pension scheme.

It means the Dutch pension fund for the healthcare sector can go ahead with its transition on 1 January 2026. The pension fund has also confirmed that, based on its current financial situation, it will be able to increase pensions by around 7 per cent next year once it completes the transition.

- The Netherlands’ Achmea has announced its strategic choices and financial goals towards 2030.

Its current goals, which were set in 2021 and are on track, will remain in effect until the end of 2025. As part of its strategic plan, it will enhance and strengthen the position of its Pension & Life business through its partnership with Sixth Street.



Share Story:

Recent Stories


Podcast: Stepping up to the challenge
In the latest European Pensions podcast, Natalie Tuck talks to PensionsEurope chair, Jerry Moriarty, about his new role and the European pension policy agenda

Podcast: The benefits of private equity in pension fund portfolios
The outbreak of the Covid-19 pandemic, in which stock markets have seen increased volatility, combined with global low interest rates has led to alternative asset classes rising in popularity. Private equity is one of the top runners in this category, and for good reason.

In this podcast, Munich Private Equity Partners Managing Director, Christopher Bär, chats to European Pensions Editor, Natalie Tuck, about the benefits private equity investments can bring to pension fund portfolios and the best approach to take.

Mitigating risk
BNP Paribas Asset Management’s head of pension solutions, Julien Halfon, discusses equity hedging with Laura Blows