Archive News

Finnish earnings-related pension provider, Veritas, has reported strong growth in customer numbers in 2023
Posted: 21/02/24
Finnish earnings-related pension provider, Ilmarinen, made a return of 5.8 per cent in 2023, equivalent to €3.3bn, it has revealed
Posted: 21/02/24
The State Pension Fund of Finland (VER) made an investment return of 7.7 per cent (market value) in 2023, up from 6.8 per cent in 2022, it has revealed
Posted: 21/02/24
The Danish pension fund for academics, P+, has announced the launch of its ‘comprehensive plan’ for biodiversity as it looks to increase its focus on biodiversity in its active ownership activities
Posted: 21/2/24
The asset values and average rate of return of the four largest occupational pension companies in Finland increased in the fourth quarter of 2023, according to the latest figures from the Finnish Pension Alliance (Tela).

During the quarter, the total investment assets of Elo, Ilmarinen, Varma and Veritas rose from €148.2bn to €152.5bn
Posted: 21/2/24
Finland’s Keva, which is responsible for the funding of local government pensions, made a total return of 6.8 per cent (market value), equivalent to €4.2bn, in 2023
Posted: 20/02/24
Insurance and Pension Denmark has replaced its existing model to calculate the pension industry’s green investments with a new one that is in line with European legislation and standards
Posted: 20/02/24
The Norwegian Financial Supervisory Authority's (Finanstilsynet) investigation into the prices of mutual funds from different fund providers shows significant price differences for the same funds
Posted: 20/02/24
Norwegian pensioners saw an average 7 per cent increase in their retirement pensions in 2023, compared to 2022, data from the Norwegian Labor and Welfare Agency (NAV) reveals
Posted: 20/02/24
Finnish earnings-related pension provider, Elo, made a return on investments of 6 per cent in 2023
Posted: 19/02/24
Sweden’s Skandia Liv has reported a return of 5.4 per cent in 2023, a significant improvement on 2022’s -5.1 per cent return
Posted: 19/02/24
Sweden’s AP4, through its membership of Institutionella Ägares Förening (IÄF), has called for the continuation of in-person annual general meetings (AGMs) of Swedish listed companies following revelations that some companies are planning to only hold digital AGMs
Posted: 19/02/24
The latest news in brief and mandates from the past seven days
Posted: 16/2/24
Dutch pension fund PMT has completed the first step towards the mandate shift for the pension administration of its members to a joint pension management company within PGGM pension management
Posted: 16/2/24
Finnish pension company Varma returned 6 per cent on its investments in 2023, its annual financial statement has revealed
Posted: 16/2/24
The volume of assets in the individual pension scheme system in Spain increased by 0.8 per cent in January 2024, according to the latest figures from Inverco
Posted: 16/2/24
Vector Pension Scheme has concluded a £114m buy-in deal with Standard Life, covering approximately 1,800 scheme members
Posted: 15/02/24
Danish pension company, PFA, has had 117 of its Danish residential and commercial classified as sustainable investments under the EU Taxonomy
Posted: 15/02/24
Denmark’s AkademikerPension and the Dutch fund ABP have been given a ‘gold award’ for their efforts in tackling climate change through their investments
Posted: 15/02/24
Asset managers are to begin downplaying the abbreviation ESG in favour of similar, “but less controversial” terms like “stewardship”, Coalition Greenwich has said
Posted: 14/02/24
Defined benefit (DB) pensions in the UK will look increasingly well-funded as the rise in AA corporate bond yields is sustained, according to a report by Bloomberg Intelligence (BI)
Posted: 14/02/24
The majority of Dutch pension fund participants are in favour of the solidarity reserve, within the solidarity premium schemes (SPR) that many pension funds are opting to transition to
Posted: 14/02/24
The average effective Finnish retirement age rose to 62.8 years in 2023, an increase of more than half a year compared to 2022, the Finnish Centre for Pensions (ETK) has said
Posted: 14/02/24
The aggregate funding ratio for UK defined benefit (DB) pension schemes increased from 142.8 per cent to 143.9 per cent in January, despite downward trends in the estimated aggregate surplus, the latest Pension Protection Fund (PPF) 7800 Index has revealed
Posted: 13/2/24
Members of Danish pension company P+ chose to pay an additional DKK 181m into their pension schemes in 2023
Posted: 13/2/24
Dutch pension fund PGB returned 11.7 per cent on its investments in 2023, its Q4 2023 report has revealed
Posted: 13/2/24
Large Nordic companies are overlooking biodiversity risks and opportunities, analysis by Danish pension company Danica Pension has found
Posted: 13/2/24
The Pensions Regulator (TPR) in the UK has provided an update on the work undertaken following the liability-driven investment (LDI) crisis in autumn 2022, suggesting that improvements in defined benefit (DB) funding levels would have occurred even without the LDI episode
Posted: 12/2/24
Companies that have been in dialogue with investors are more than twice as likely to disclosure their sustainability data than unengaged firms, the CDP’s Non-Disclosure Campaign (NDC) results report has shown
Posted: 12/2/24
The Icelandic Minister of Finance and Economic Affairs has signed an agreement with 12 pension funds regarding the support of the state fund for housing loans to individuals in Grindavík
Posted: 12/2/24
Sweden’s KPA Tjänstepensionsförsäkring AB returned 7.6 per cent in 2023, a 15.4 percentage point increase on the previous year, its annual financial results have revealed
Posted: 12/2/24
The latest news in brief and mandates from the past seven days
Posted: 9/2/24
Danish pension company PFA returned between 2.7 per cent and 15.9 per cent in 2023, depending on the customer’s pension product and years to retirement, its annual report has shown
Posted: 9/2/24
Around a third of newly retired Finnish people delayed their retirement for financial incentives, according to a study by the Finnish Centre for Pensions (ETK)
Posted: 9/2/24
Sweden’s second AP fund (AP2) returned 5.9 per cent after costs last year, its annual report has revealed
Posted: 9/2/24
Dutch pension fund PFZW has retained its investments in seven oil and gas companies that it believes are “convincingly committed” to sustainable energy or primarily produce energy with a low carbon footprint
Posted: 8/2/24
The UK's Department for Work and Pensions (DWP) has launched a Small Pots Delivery Group to help design its new approach to tackling deferred small pension pots, which is expected to benefit the average saver by £700 at retirement
Posted: 8/2/24
Swedish pension company AMF achieved a return of 7.8 per cent on its investments in 2023, its annual financial statement has shown
Posted: 8/2/24
Danish pension fund ATP returned 5.5 per cent in relation to the bonus potential on its investment portfolio, after expenses, in 2023
Posted: 8/2/24
The UK's Department for Work and Pensions (DWP) has announced that all automatic enrolment (AE) thresholds will be maintained at their 2023/24 levels in 2024/25, reiterating its intent to still consult on plans to remove the lower earnings limit "at the earliest opportunity"
Posted: 7/2/24
The Swedish Fund Selection Agency (FTN) is planning to give notice for the upcoming procurements of global and European index funds for the premium pension fund platform at the end of February
Posted: 7/2/24
Dutch pension fund PMT achieved an annual investment return of 8.4 per cent in 2023, its annual financial report has revealed
Posted: 7/2/24
Norway’s Norges Bank Investment Management (NBIM), which is responsible for the investments of the Government Pension Fund Global, has published its 10th annual report on responsible investment, detailing its sustainability and active ownership work during the year
Posted: 7/2/24
Swedish pension company Skandia has invested SEK 900m in a bond, which aims to fight hunger and poverty, issued by the International Fund for Agricultural Development (IFAD)
Posted: 6/2/24
The average Swede receives 90 per cent of their previous income at the age of 67, a study by Alecta has revealed
Posted: 6/2/24
Danish pension company Danica Pension achieved returns of 11.1 per cent for a customer with medium risk and 20 years until retirement in 2023, its annual financial report has revealed
Posted: 6/2/24
Several European financial associations have written to the European Commission to call for better coordination in the review and publication of new rules for the Sustainable Finance Disclosure Regulation (SFDR)
Posted: 6/2/24
Dutch asset manager APG has invested in energy solutions provider Kenter on behalf of the pension fund ABP
Posted: 5/2/24
The committee of Swedish pension company Alecta has withdrawn its proposal to nominate Lars Rohde as the chair of its board, it has announced
Posted: 5/2/23
Icelandic pension funds achieved average nominal returns of 8.5 per cent in 2023, according to estimates from the National Association of Pension Funds
Posted: 5/2/24
The Swedish Financial Supervisory Authority (FI) has announced it is widening its investigation into pension investments in real estate company Heimstaden Bostad
Posted: 5/2/24
The average Dutch funding ratio increased to 116 per cent over the month of January, according to the latest figures from Aon Netherlands
Posted: 02/02/24
Institutions for occupational retirement provisions’ (IORPs) exposure to market and asset return risks is currently at a high level, the European Insurance and Occupational Pensions Authority’s (EIOPA) first Risk Dashboard on IORPs has revealed
Posted: 02/02/24
The latest news in brief and mandates from the past seven days
Posted: 02/02/24
Sweden's AP Pension has adjusted the composition of its executive board
Posted: 01/02/24
Royal London has completed the acquisition of later life lending and product specialists Responsible Life and Responsible Lending, the life, pensions and investment mutual has announced
Posted: 01/02/24
The UK pension risk transfer market is set for a year of “unprecedented change” in 2024, according to Hymans Robertson
Posted: 01/02/24
Folksamgruppen, which includes KPA Pension, has earmarked an additional SEK 100m when the UN agency International Fund for Agricultural Development (IFAD) issues a new bond
Posted: 31/01/24
Workers at Booking.com must be enrolled in the Dutch pension scheme for the travel industry, the Court of Appeal in the Hague ruled yesterday, 30 January
Posted: 31/01/24
The Workers Pension Trust (WPT) has completed its consolidation into the Cushon Master Trust, Cushon has announced
Posted: 31/01/24
The Danish pension sector is ready to step in a build nursing homes to help with the shortage in the country
Posted: 30/01/24
The average funding ratio of the Dutch pension sector dropped 8.5 percentage points to 114.6 per cent in the fourth quarter of 2023, according to De Nederlandsche Bank (DNB)
Posted: 30/01/24
Norges Bank Investment Management (NBIM) has revealed that Norway’s Government Pension Fund Global, made a return of 16.1 per cent in 2023
Posted: 30/01/24
Over two thirds (69 per cent) of corporate defined contribution (DC) pension schemes expect to increase allocations to real assets over the next two years, up from 51 per cent in 2022, research from Aviva Investors has revealed
Posted: 29/01/24
The UK's Rexam Pension Plan has completed a GBP 1.4bn full scheme buy-in with Rothesay securing the benefits for over 14,000 members, including 9,790 pensioners and dependants, and 4,330 deferred members
Posted: 26/1/24
The aggregate funding level of Local Government Pension Scheme (LGPS) funds in England and Wales on a ‘low-risk’ basis fell by 7 percentage points to 101 per cent in the fourth quarter of 2023, Isio’s latest Low-Risk Funding Index has revealed
Posted: 26/1/24
The Institutional Investors Group on Climate Change (IIGCC) has argued that information on the scope 3 emissions is "vital" for investors looking to credibly decarbonise, despite ongoing measurement and aggregation challenges
Posted: 25/1/24
Danish pension company Velliv has received approval for its Science Based Targets initiative (SBTI) climate goals
Posted: 25/1/24
Dutch pension fund ABP achieved a positive investment return of 9.3 per cent in 2023, its annual performance update has revealed
Posted: 25/1/24
The volume of assets in the individual pension scheme system in Spain increased by 8.1 per cent in 2023, according to the latest figures from Inverco
Posted: 25/1/24
Danish pension company Velliv achieved returns in 2023 of between 9.6 per cent and 12.9 per cent on its VækstPension pensions products for customers with 15 years to payout, taking on medium risk
Posted: 24/01/2024
The International Socially Responsible Investment Agreement for Pension Funds has achieved “visible results” over the past four years, the independent Monitoring Committee concluded its latest report
Posted: 24/1/24
The iPSL Section of the Unisys Payment Services Limited Pension Scheme and the Unisys Public Sector Pension Scheme have completed a £300m full scheme buy-in with Standard Life, covering the retirement benefits of 2,400 scheme members
Posted: 24/1/24
The UK Pensions Regulator (TPR) has published new guidance that aims to help trustees consider improved outcomes for members through private market investments
Posted: 24/1/24
The majority (90 per cent) of UK insurers and pension funds plan to increase their allocation to renewable energy in the next 12 months, while the remaining 10 per cent said they might make increases, according to research commissioned by Alpha Real Capital
Posted: 23/01/24
The unfair treatment, or complete financial exclusion, of certain consumers often stems from pension schemes not considering diverse consumer characteristics in the design or distribution of the scheme, the European Insurance and Occupational Pensions Authority (EIOPA), has said
Posted: 23/01/24
Danish pension company Sampension returned 9.8 per cent for an average customer with 15 years left until retirement, its annual results have revealed
Posted: 23/1/24
Folksamgruppen, which includes Swedish pension company KPA Pension, has invested SEK 400m in a green bond issued by Region Skåne to develop care and infrastructure in the region
Posted: 23/1/24
Danish pension company PensionDanmark has invested in a new company developing energy island projects around the globe, Copenhagen Energy Islands (CEI)
Posted: 22/1/24
The Dutch pensions sector is “well on track” with its preparations to switch to the new pension system under the Future Pensions Act (WTP), according to a Pension Federation position paper sent to the House of Representatives
Posted: 22/1/24
The UK defined benefit (DB) pension risk transfer market is set for another record year in 2024, analysis from WTW has suggested, with an estimated £80bn in pension de-risking transactions expected to take place in 2024
Posted: 22/1/24
The seven mandatory private pension funds in Romania’s pillar II recorded a weighted average return of 17.9 per cent in 2023, their best annual performance since the system was introduced, the Association for Privately Administered Pensions in Romania (APAPR) has revealed
Posted: 22/1/24
The Danish pension fund for academics, P+, has divested from 10 Chinese companies as it highlighted conflicts within ESG investing
Posted: 19/01/24
The UK's Pension Protection Fund (PPF) has published new versions of valuation guidance documents to allow for the Retained EU Law (Revocation and Reform) Act 2023 and the Pensions Act 2004 (Amendment) (Pension Protection Fund Compensation) Regulations 2023
Posted: 19/1/24
The Finnish partial old-age pension is not extending working lives, as those opting to receive it continue to work as before, according to the Finnish Centre for Pensions (ETK)
Posted: 19/01/24
The latest news in brief and mandates from the past seven days
Posted: 19/01/24
The Dutch pension investor, PGGM, has invested in the electric vehicle charging operator, Electra, through its infrastructure fund
Posted: 18/01/24
Academic, Hans van Meerten, details the events of the latest debate on the Netherlands' Future Pensions Act, which took place on 17 January, and adds his opinion
Posted: 18/01/24
The three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) have published the first set of final draft technical standards under the Digital Operational Resilience Act (DORA)
Posted: 18/01/24
Dutch pension funds are becoming increasingly better at dealing with complaints, according to research by the Dutch Federation of Pension Funds (PensioenFederatie)
Posted: 18/01/24
The Scottish Borders Pension Fund has made its first allocation to natural capital assets, with a commitment to Nuveen’s Global Timberland strategy
Posted: 18/01/24
The social partners associated with the Dutch pension fund, PFZW, in the healthcare and welfare sectors, have reached several agreements on the new PFZW pension scheme
Posted: 17/01/24
Norges Bank Investment Management (NBIM), which is responsible for the investments of the Government Pension Fund Global (GPFG), has signed an agreement to acquire a 49 per cent interest in a portfolio of solar plants and onshore wind farms located in Spain and Portugal
Posted: 17/01/24
Denmark’s AP Pension is to hand out a loyalty bonus of 0.2 per cent on customers’ savings, which equates to DKK 2,000 per million DKK saved
Posted: 17/01/24
Twenty-seven major shareholders, including a number of European pension schemes, have co-filed a climate resolution with FollowThis, calling on Shell to align its medium-term emissions reduction targets with the Paris Climate Agreement
Posted: 17/1/24
Denmark’s PFA has predicted positive returns for 2024, with its chief strategist, Tine Choi Danielson, believing that there is a “reason for optimism”
Posted: 16/01/24
A total of 320 organisations across more than 46 countries have committed to making nature-related disclosures based on the Taskforce on Nature-related Financial Disclosures (TNFD) Recommendations
Posted: 16/1/24
Finnish earnings-related pension provider, Elo, has seen an increase in the number of applications for disability pensions
Posted: 16/01/24
Negative workplace age stereotypes may pose a “potential obstacle” for the recruitment of older workers, the Finnish Centre of Pensions (ETK) has found
Posted: 15/01/24
Nearly half (49 per cent) of Brits who are not already retired, representing around 19.2 million savers, plan to work beyond state pension age (SPA), research from Canada Life has revealed
Posted: 15/01/24
The average coverage ratio of pension funds of German DAX 40 companies rose to a record high of 81 per cent at the end of 2023, according to Mercer Germany
Posted: 15/01/24
Denmark’s Financial Supervisory Authority (FSA) has ordered two pension funds to improve and clarify their member communications in relation to the composition of pension benefits and the associated risk
Posted: 12/01/24
The latest news in brief and mandates from the past seven days
Posted: 12/01/24
The Pensions Age Spring Conference 2024 is now open for registration, offering pension schemes and those working in the industry the opportunity to both learn and network alongside their peers
Posted: 12/01/24
Denmark’s AkademikerPension made a return of 9 per cent in 2023, despite a “turbulent year”
Posted: 12/01/24
Irish DB de-risking deal volumes are predicted to exceed €1bn in 2024, breaking previous record levels
Posted: 12/01/24
Just under 70 per cent of Danes have pension savings in several places, according to a survey by Sampension
Posted: 11/01/24
The pursuit of reaching net-zero carbon emissions is the top reason for pension investment in renewable energy, according to research by AlphaReal
Posted: 11/01/24
Year-on-year inflation in the OECD, as measured by the Consumer Price Index (CPI), decreased for the third consecutive month, from 5.6 per cent in October to 5.4 per cent in November 2023
Posted: 11/01/24
Fewer professional defined benefit (DB) pension trustees are planning to step down from their roles within three years compared to 2022, according to research from Charles Stanley Fiduciary Management (CSFM)
Posted: 10/1/24
The Pensions Regulator (TPR) in the UKhas published its long-awaited General Code of Practice, previously known as the Single Code, confirming that the new code is expected to come into force on 27 March
Posted: 10/1/24
The aggregate funding ratio of defined benefit (DB) pension schemes in the UK deteriorated slightly in December 2023, despite an increase in DB schemes' combined surplus, the latest Pension Protection Fund (PPF) 7800 Index has revealed
Posted: 09/01/24
The three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) have launched a consultation paper on the draft implementing technical standards (ITSs) regarding the tasks of the collection bodies and the functionalities of the European Single Access Point (ESAP)
Posted: 09/01/24
The Intersil Limited Superannuation Fund has completed a £1.5m full scheme buy-in deal with Just Group
Posted: 08/01/24
The average funding level of Irish DB schemes increased to 108 per cent in 2022, up from 96 per cent in 2021, according to LCP Ireland
Posted: 08/01/24
The aggregate surplus of the UK’s defined benefit (DB) pension schemes against long-term funding targets fell by £28bn to £98bn in December, according to analysis from XPS Pensions Group
Posted: 08/01/24
PensionDanmark has increased the monthly pensioner payments for 63,800 pensioners by an average of 5 per cent
Posted: 05/01/24
A Dutch academic believes that the conversion of existing Dutch pensions will be a ‘breach of property rights’ under European law
Posted: 05/01/24
The latest news in brief and mandates from the past seven days
Posted: 05/01/24
Denmark has scrapped a ‘problematic’ pension rule, which should encourage more savers to consolidate their smaller lump sum pensions
Posted: 05/01/24
The trustee of the KBR UK Limited Pension Plan has appointed Legal & General Investment Management (LGIM) as its new fiduciary manager, overseeing the pension investments of over 9,000 scheme members
Posted: 04/01/24
The Swedish Pensions Agency has reached an agreement with UBS Third Party Management Company SA (TP Manco), Luxembourg, to settle a dispute between the parties
Posted: 04/01/24
Eighty-four per cent of institutional fixed-income investors will increase their level of risk in the next 12 months, according to new research
Posted: 03/01/24
The average funding ratio of Dutch pension schemes fell two percentage points to 115 per cent in 2023, according to Aon Netherlands
Posted: 03/01/24
Ireland’s Pensions Authority has published a change to the calculation of fees for occupational pension schemes with 20 or more participating employers
Posted: 03/01/24
The European Insurance and Occupational Pensions Authority (EIOPA) has issued a recommendation to the Registrar of Institutions of Occupational Retirement Provision (Registrar) in Cyprus as it “failed to fulfil its obligation” to register iorps
Posted: 02/01/24
Assets managers are talking a good game on climate but failing to translate their words into action when they vote at fossil fuel companies’ annual general meetings (AGM), according to Reclaim Finance
Posted: 02/01/24
Denmark has abolished the offsetting of earned income in the basic amount of the national pension and pension supplements
Posted: 02/01/24
Dutch pension funds still have “many steps” to take to manage ESG risks, according to De Nederlandsche Bank (DNB)
Posted: 02/04/24
Dutch life insurance company NN Life, part of NN Group, has completed two longevity risk transactions to transfer the full longevity risk associated with approximately €13bn of pension liabilities in the Netherlands
Posted: 21/12/23
The European Pensions Awards 2024 are open for entries
Posted: 21/12/23
As 2023 draws to a close, European Pensions takes a look back at some of the biggest and most-read stories from the year
Posted: 21/12/23
The latest news in brief and mandates from the past seven days
Posted: 21/12/23
The St Paul’s Cathedral Pension and Life Assurance Scheme has agreed an £18m bulk purchase annuity deal with Aviva, securing the retirement benefits for all members of the scheme
Posted: 20/12/23
PensionsEurope has called for the creation of a regulatory technical standard (RTS) within the Sustainable Finance Disclosure Regulation framework tailored to pension funds and their specificities
Posted: 20/12/23
Irish DB schemes have made “good progress” in meeting the new standards of regulation, the Pensions Authority has said
Posted: 20/12/23
More than two-thirds (68 per cent) of UK defined benefit (DB) pension schemes with fewer than 100 members have buyout funding ratios of over 100 per cent, up from 18 per cent the year before, analysis from Broadstone has found
Posted: 19/12/23
The onboarding of new members to Irish master trusts has led to “some administration capacity issues”, Ireland’s Pensions Authority has said
Posted: 19/12/23
Norges Bank has decided to exclude the Israeli petroleum company, Delek Group Ltd, from Norway’s Government Pension Fund Global (GPFG), due to the company’s petroleum prospecting of offshore West Sahara
Posted: 19/12/23
The trustees of the Westminster Abbey 1972 Retirement and Death Benefits Scheme have completed a £25m full-scheme buy-in with Pension Insurance Corporation (PIC)
Posted: 18/12/23
The European Association of Paritarian Institutions (AEIP) has called for a “significant revision” of the Sustainable Finance Disclosure Regulation (SFDR)
Posted: 18/12/23
The estimated penetration rate of iorps continues to be low, apart from the Netherlands, according to a new report from the European Insurance and Occupational Pensions Authority (EIOPA)
Posted: 18/12/23
The volume of assets in the individual pension system in Spain increased by €2.58bn to €82.97bn in November 2023, according to data from Inverco
Posted: 15/12/23
The Association for Privately Administered Pensions in Romania (APAPR) has urged the government to stick to the original date of 1 January 2024 for the increase in the pillar II private pensions contribution rate
Posted: 15/12/23
The latest news in brief and mandates from the past seven days
Posted: 15/12/23
The UK's Pension Protection Fund (PPF) has said that it cannot form a "meaningful estimate" of how much of the funding changes seen in defined benefit (DB) pension schemes arose from the liability-driven investment (LDI) market disruption
Posted: 14/12/23
Denmark’s AP Pension has joined the climate initiative, Reduction Roadmap 2.0, which aims to reduce the CO2 emissions of new buildings
Posted: 14/12/23
Finnish earnings-related pension assets reached €244bn at the end of September 2023, the Finnish Pension Alliance (Tela) has revealed
Posted: 14/12/23
The British government has been urged to consider a new approach to the state pension, designed to provide a basis for financial security in retirement and ensure the state pension has a sustainable long-term future
Posted: 13/12/23
Promoting the employment and employability of older workers will be key to ensuring the sustainability of pension systems, according to the OECD
Posted: 13/12/23
A total of SEK 51bn was deposited into Swedish premium pension savers’ accounts last week, the Swedish Pensions Agency has revealed
Posted: 13/12/23
Denmark’s AkademikerPension has blasted Microsoft for turning a “deaf ear to shareholders’ demands for tax transparency” as it led a shareholder proposal at the technology giant’s shareholder meeting
Posted: 12/12/23
Forty-four per cent of EEA IORPs were using derivatives at the end of 2022, the European Insurance and Occupational Pensions Authority (EIOPA) has said
Posted: 12/12/23
The European Insurance and Occupational Pensions Authority (EIOPA) has launched a public consultation on its draft opinion on sustainability claims and greenwashing
Posted: 12/12/23
A positive investment result in November has offset the drops that happened in late summer and autumn, with pension savers at PFA on track for a positive investment return in 2023
Posted: 12/12/23
Danish pension company, PKA, has been acquitted in a long-running case where it was accused of breaching the country’s competition law
Posted: 11/12/23
Bulk annuity defined benefit (DB) transactions in the £1bn to £2bn range are likely to become even more prominent in 2024 in the UK, according to Standard Life
Posted: 11/12/23
Nine of the 27 recommendations on the application of the prudent person rule for iorps, according to the IORP II requirements, have not been fulfilled, the European Insurance and Occupational Pensions Authority (EIOPA) has said
Posted: 11/12/23
The RESAVER pension scheme has been cited as an “important pension solution” for mobile researchers
Posted: 11/12/23
The three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) have launched a second consultation related to the joint guidelines on the system for the exchange of information relevant to fit and proper assessments
Posted: 08/12/23
Several Dutch pension schemes have set out their plans for indexation for 2024, with some schemes opting not to increase pensions
Posted: 08/12/23
The latest news in brief and mandates from the past seven days
Posted: 08/12/23
The cost of UK pensions tax relief has continued to climb, according to data from HMRC, with income tax relief on pension contributions in 2022/23 reaching £25.4bn, marking a £5.5bn increase over the past five years
Posted: 7/12/23
The three European Supervisory Authorities (ESAs) have recommended that the Delegated Regulation supplementing the Sustainable Finance Disclosure Regulation (SFDR) be amended to include new social indicators and new product disclosures
Posted: 7/12/23
Market shocks could see individual pot valuations rise and fall by 50 per cent under the upcoming new Dutch pension system, Northern Trust and True Capital Partners have warned
Posted: 7/12/23
The Irish Pensions Authority has confirmed that its supervisory review process (SRPs) will begin in 2024, focusing on master trusts and large defined contribution (DC) and defined benefit (DB) schemes
Posted: 7/12/23
UK defined benefit (DB) funding levels improved significantly in November, driven by a 0.3 percentage point drop in long-term gilts, analysis from Broadstone has revealed
Posted: 06/12/23
Danish public sector pension fund AkademikerPension has created a new life cycle investment vehicle following what it has called "dismal" 2022 returns
Posted: 06/12/23
Significant question marks remain over whether the European Commission's (EC) Framework for Financial Data Access (FIDA) will be able to improve the communication of pension data to scheme members
Posted: 06/12/23
PensionsEurope has told the European Commission (EC) that pension funds are suffering from an unnecessarily high reporting burden that is adding heavy costs and hurting pension fund members
Posted: 06/12/23
The trustees of the Hyde House Association Limited Pension and Assurance Scheme have completed a £60m buy-in with Just Group, covering all of the scheme's remaining uninsured liabilities
Posted: 05/12/23
Denmark is a “world leader” in renewable energy because of the high priority the Danish government gives to cooperation with the pension industry, according to a new report
Posted: 05/12/23
Irish DC schemes that are transferring to master trusts have just four weeks left to complete the process before the Pensions Authority’s end-of-year deadline
Posted: 05/12/23
Two Nordic pension giants have been appointed as co-lead plaintiffs in a class action case against Silicon Valley Bank (SVB)
Posted: 05/12/23
The legislation for Ireland’s auto-enrolment (AE) pension system is at an “advanced stage” and is “expected to be published in the coming weeks”, Ireland’s Department of Social Protection (DSP) has stated
Posted: 05/12/23
The proportion of UK quoted shares that are owned by British pension funds fell to a record low of 1.6 per cent in 2022, the Office for National Statistics (ONS) has revealed
Posted: 04/12/23
Keeping members at the heart of schemes and ensuring Value for Money (VFM) within investments means plans to increase UK DC schemes’ exposure to illiquids are “not going to be straightforward”, Aviva Investors senior client solutions director, Heather Brown, has said
Posted: 04/12/23
The average Dutch funding ratio remained stable at 121 per cent over November, according to Aon Netherlands
Posted: 04/12/23
De Nederlandsche Bank (DNB) has approved six Dutch pension bridging plans, it has revealed
Posted: 04/12/23
The latest mandates and news in brief from the past seven days
Posted: 1/12/23
European pension funds are ‘punching below their weight’ when it comes to investments in venture capital (VC), a report by Atomico has stated
Posted: 1/12/23
Ireland’s Pensions Authority has published information on the annual compliance statement (ACS) for 2023 that is provided for under the Pensions Act
Posted: 1/12/23
Nordic pension funds are now investing more in UK start-ups than their British counterparts, research by Atomico has found
Posted: 30/11/23
The Dutch Supreme Court has ruled that Deliveroo should pay pension contributions for its couriers in the Netherlands
Posted: 30/11/23
An investment made by Danish pension company Sampension has led to the creation of the European Union’s largest geothermal plant
Posted: 30/11/23
The UK's Clara Pensions has completed its agreement with the Sears Retail Pension Scheme, confirming that the pension benefits of the scheme’s 9,600 members have now been transferred into the superfund
Posted: 29/11/23
It is “crucial to recognise the inherent distinctions” between pension funds and other financial entities, the European Association of Paritarian Institutions (AEIP) executive director, Simone Miotto, has said
Posted: 29/11/23
Strengthening the Finnish pension system through investments is a “very long-term task”, according to the Finnish Pension Alliance
Posted: 29/11/23
Finnish earnings-related pension assets grew by €1bn in the third quarter (Q3) of 2023, according to the Finnish Pension Alliance (Tela)
Posted: 29/11/23
Oslo Pensjonsforsikring (OPF) made a negative return of -0.4 per cent in the third quarter (Q3) of 2023, it has revealed
Posted: 29/11/23
Askews Retirement Scheme has secured an £11m full-scheme buy-in with Legal & General (L&G), covering the benefits of all 86 scheme members
Posted: 28/11/23
One-third of Europeans are not saving for retirement, a survey by Insurance Europe has found
Posted: 28/11/23
Allowing Norway’s Government Pension Fund Global (GPFG) to invest in unlisted equities would be a “natural evolution”, Norges Bank has said
Posted: 28/11/23
The objective of the IORP directive to stimulate a robust internal market for workplace pensions “remains unfulfilled”, according to the European Insurance and Occupational Pensions Authority (EIOPA)
Posted: 28/11/23
Calls for UK pension schemes to invest more in the economy have been renewed following the news that Australian pension fund, Aware Super, is looking to direct a A$10bn (£5.25bn) investment commitment in the UK and Europe
Posted: 27/11/23
The Dutch funds ABP phased out a further €600m of fossil fuel investments in the six months to 30 June, it has revealed
Posted: 27/11/23
Danish pension savers are being warned they are at risk of double taxation on their instalment pension (ratepension) contributions
Posted: 27/11/23
The trustee of the Boots Pension Scheme has agreed a £4.8bn full buy-in with Legal & General (L&G), marking the UK's largest single transaction of its kind by premium size
Posted: 24/11/23
The latest mandates and news in brief from the past seven days
Posted: 24/11/23
Twenty Icelandic pension funds have issued a response to the government’s draft bill that proposes the liquidation of insolvent public entities
Posted: 24/11/23
The Swedish Fund Selection Agency (FTN) has announced the next two procurements of funds for the premium pension fund platform – European equities index and global equities index funds
Posted: 24/11/23
The European Pensions Awards 2024 are now open for entries
Posted: 23/11/23
The UK is to explore a 'pot for life' pensions model, the country's Chancellor, Jeremy Hunt, has announced
Posted: 23/11/23
The Dutch MEP, Antonius Manders, has written to European Commissioner, Mairead McGuinness, to ask the European Commission to investigate Dutch compliance with European regulation on indexation
Posted: 23/11/23
Assets allocated for old age that are not invested in dedicated retirement vehicles, such as European institutions for occupational retirement provisions (iorps), could “wreak havoc” on retirement savings in Europe, according to AF Advisors consultant, Jorik van Zanden
Posted: 23/11/23
The Executive Board of Norges Bank Investment Management, which is responsible for the investments of the Government Pension Fund Global, has decided to revoke the exclusion of Serco Group PLC
Posted: 22/11/23
The European Insurance and Occupational Pensions Authority’s (EIOPA) technical advice to the European Commission on the IORP II Directive offers “targeted advice” and not a “revolution”, which is a positive, The European Association of Paritarian Institutions (AEIP) executive director, Simone Miotto, has said
Posted: 22/11/23
The European Commission’s proposal for an ESG rating regulation should extend to ESG data to fulfil the “urgent need”, PensionsEurope and Insurance Europe have stated
Posted: 22/11/23
The UK Chancellor, Jeremy Hunt, has announced a £320m plan designed to drive innovation and unlock the first tranche of investment from his Mansion House Reforms
Posted: 21/11/23
Norway’s Folksamgruppen, of which KPA Pension is a part, is the sole investor in NOK 250m of green bonds issued by Nacka municipality
Posted: 21/11/23
The pension gender gap cannot be closed without the introduction of a pension dashboard, according to European Insurance and Occupational Pensions Authority (EIOPA) chairperson, Petra Hielkema
Posted: 21/11/23
The Dutch pension fund ABP has increased its stake in residential investor Vesteda, which will allow the latter to purchase the Zuiderhof project in Rotterdam
Posted: 21/11/23
Walgreens, the American owner of pharmacy chain Boots, is set to pay £1bn to hand over responsibility of the Boots pension scheme, according to The Sunday Times
Posted: 20/11/23
The “real diversity issue” is ensuring that pension products do not discriminate against genders, according to European Insurance and Occupational Pensions Authority (EIOPA) head of policy, Justin Wray
Posted: 20/11/23
Finnish Pension Alliance (Tela) manager, public advocacy, Janne Pelkonen, explains why the Finnish government has taken people by surprise with its pension reform proposals
Posted: 20/11/23
The UK's Financial Conduct Authority has imposed a number of restrictions on KBFS Financial Limited (KBFS), due to concerns that the firm failed to pay redress awarded to former members of the British Steel Pension Scheme by the Financial Ombudsman Service (FOS)
Posted: 17/11/23
The latest mandates and news in brief from the past seven days
Posted: 17/11/23
Dutch pension funds ABP and BpfBouw have invested €400m in affordable healthcare housing in the Netherlands
Posted: 17/11/23
Half (50 per cent) of newly retired old-age pensioners in Finland are interested in working in retirement, research by the Finnish Centre for Pensions (ETK) has found
Posted: 17/11/23
PensionsEurope has appointed Jerry Moriarty as its new chair, succeeding Janwillem Bouma
Posted: 16/11/23
MP for Blackpool North and Cleveleys, Paul Maynard, has been appointed as the new Pensions Minister at the Department for Work and Pensions (DWP)
Posted: 16/11/23
The Dutch fund PFZW, for those working in the healthcare and welfare sectors, is investing in new homes in an urban district in Rotterdam
Posted: 16/11/23
Danish pension fund AP Pension has acquired ‘landmark’ office properties in Copenhagen from Swedish real estate company Corem for SEK 3.9bn (€335m)
Posted: 15/11/23
The volume of assets in the individual pension system in Spain decreased by €1.03bn to €80.4bn in October 2023, according to data from Inverco
Posted: 15/11/23
The introduction of a law change in the Netherlands that would allow retirees to withdraw a lump sum from their pension has been delayed again, to 1 January 2025 at the earliest, the government has announced
Posted: 15/11/23
Norges Bank Investment Management (NBIM), which is responsible for the investments of Norway’s Government Pension Fund Global (GPFG), has agreed to acquire a 45 per cent interest in two life sciences properties
Posted: 15/11/23
The aggregate surplus of UK defined benefit (DB) pension schemes fell by £5.5bn in October to £441.4bn, the latest Pension Protection Fund (PPF) 7800 Index has revealed
Posted: 14/11/23
The age at which people will start to receive their state pension in the Netherlands will remain the same in 2029 as in 2028: 67 years and three months
Posted: 14/11/23
The Asociatia pentru Pensiile Administrate Privat din Romania (APAPR) has warned that a proposed amendment to pension law will exclude nearly a million workers from the country’s pillar II private pension system
Posted: 14/11/23
Spanish pension funds’ assets decreased by €2.7bn in the third quarter of 2023, falling to €117.4bn at the end of September, according to data from Inverco
Posted: 14/11/23
The UK's HM Treasury has launched a call for evidence on pension funds’ exemption from the clearing obligation, to help inform the government’s long-term approach
Posted: 13/11/23
The trustees of the Deutsche Bank Defined Benefit (DB) UK Pension Scheme have completed a £500m buy-in with Legal & General Assurance Society, securing the benefits of around 2,000 retirees and deferred members
Posted: 13/11/23
Danish pension company Sampension has announced that it has expanded its portfolio of housing for young people and students with a further investment in six properties
Posted: 13/11/23
Dutch pension fund PGB has revealed that its return on investments over the first three quarters of 2023 was -0.4 per cent, as at 30 September 2023
Posted: 13/11/23
Swedish pension company Alecta has announced that its board has decided on a premium reduction for defined benefit (DB) retirement and family pensions of 30 per cent, and an increase to DB pensions of 6.48 per cent, for 2024
Posted: 13/11/23
The Finnish Ministry of Social Affairs and Health has confirmed the occupational pension insurance contribution according to the Employee Pension Act (TyEL) will be 24.81 per cent of salary next year
Posted: 10/11/23
The Dutch Pensions Federation has shared an update on pension funds' efforts to address concerns around the high performance fees paid to private equity companies, revealing limited success on the push for an international dialogue
Posted: 10/11/23
The latest mandates and news in brief from the past seven days
Posted: 10/11/23
The Dutch pension industry has been urged to consider its communication methods for low literacy members by Dutch pension administration firm, TKP
Posted: 09/11/23
The Dutch pension fund, PFZW, has confirmed that it will increase pensions by 4.8 per cent from 2024
Posted: 09/11/23
The European Commission (EC) has said that it will take infringement action “where necessary” to remove barriers and ensure the Pan-European Personal Pension product is transposed by member states
Posted: 09/11/23
PEPPs were set to revolutionise the cross-border and personal pension markets in Europe. However, in the words of EIOPA, the PEPP “has not yet taken off.” In this European Pensions deep dive, we look at why, after many years in development, the PEPP hasn't been an immediate success, and ask, does it still have the potential?
Posted: 09/11/23
PensionDanmark has begun a new biodiversity research project at its Anholt Offshore Wind Farm, which will see a range of climate-friendly foods grown to contribute to a better marine environment
Posted: 09/11/23
Ninety-six per cent of institutional investors and wealth managers across Europe, with combined assets of over €150bn under management, said the number of fixed-income indices will increase over the next two years
Posted: 08/11/23
The Dutch Federation of Pension Funds has called for the pension sector to have a role in the European Union’s (EU) Corporate Sustainability Due Diligence Directive (CSDDD)
Posted: 08/11/23
Denmark’s Lærernes Pension has cut the number of companies in its share portfolio down to 1,000 companies from around 2,600
Posted: 08/11/23
European institutions for occupational retirement provision (IORPs) saw contributions increase by 17.5 per cent in 2022, the European Insurance and Occupational Pensions Authority (EIOPA) has revealed
Posted: 07/11/23
Half of young Danish pension savers age between 18 and 34 have not decided on the investment risk level of their pension savings, according to Sampension
Posted: 07/11/23
Sixty-nine per cent of Dutch part-time workers have not considered the impact it will have on their pension when they retire, according to research by Money Wise
Posted: 07/11/23
The Finnish Ministry of Social Affairs and Health has confirmed the life expectancy coefficient for 2024, which will reduce starting pensions by 5.3 per cent
Posted: 07/11/23
Members of Insurance and Pension Denmark are to formally make the decision to establish a new employer association, known as F&P Arbejdsgiver (in English I&P Employer)
Posted: 06/11/23
The trustees of the Sears Retail Pension Scheme have agreed to transfer around 9,600 members to Clara Pensions, in the UK’s first defined benefit (DB) superfund transaction
Posted: 06/11/23
There has been an increase in the percentage of Finnish pensioners working alongside withdrawing their pension, according to research by Keva
Posted: 06/11/23
Denmark’s AkademikerPension has launched a new health service for its pension members, in partnership with the insurance firm, Tryg
Posted: 03/11/23
The UK Financial Conduct Authority’s (FCA) forthcoming review into the way investment funds value private assets should focus on providing guidance that improves transparency, according to LCP
Posted: 03/11/23
The winners of the 12th annual Irish Pensions Awards were announced on Thursday night at the highly anticipated gala dinner at 5* Shelbourne Hotel Dublin
Posted: 03/11/23
The latest mandates and news in brief from the past seven days
Posted: 03/11/23
Seventy per cent of Danish pension savers that have experienced a major life event in the past three years did not check their pension during the event, according to Sampension
Posted: 2/11/23
Nearly three-quarters of institutional investors will increase their allocations to private debt and structured credit in the next 12 months as they respond to challenging economic conditions, according to Aeon Investments
Posted: 02/11/23
The average Dutch funding ratio fell to 121 per cent over October, according to Aon Netherlands
Posted: 02/11/23
Almost two-thirds (64 per cent) of UK institutional real estate investors are considering moving their investment abroad, according to research from Gallagher
Posted: 01/11/23
Danish pension company, Velliv, has secured a return of DKK 858m in the third quarter of 2023, it has revealed
Posted: 01/11/23
Finnish earnings-related pension company, Ilmarinen, made a return of 3.3 per cent in the first nine months of 2023, equivalent to €1.9bn
Posted: 01/11/23
There has been “insufficient improvement” of operational cyber resilience in the Dutch pension sector, according to Dutch central bank and regulator, De Nederlandsche Bank (DNB)
Posted: 01/11/23
The Finnish Ministry for Social Affairs and Health has confirmed the indices for earnings-related pension insurance for 2024, which will result in a pension increase of around 5.7 per cent
Posted: 31/10/23
Denmark’s Pension Fund for Academics (P+) has decided to divest from oil and gas companies ENI and Repsol, meaning that the pension fund now has no investments in any ‘major’ oil and gas firms
Posted: 31/10/23
Four in 10 (40 per cent) Danish people have not checked their pension scheme this year, a survey by Epinion for Sampension has found
Posted: 31/10/23
The four largest occupational pension companies experienced a slight fall in asset values and average returns in the third quarter of 2023, statistics from the Finnish Pension Alliance (Tela) have shown
Posted: 31/10/23
Ireland’s Pensions Authority has published information for trustees on the amendments to the Preservation Regulations
Posted: 30/10/23
AkademikerPension, through its investment partnership with Copenhagen Infrastructure Partners (CIP), has entered into a new offshore wind turbine project off the east coast of the USA
Posted: 30/10/23
The cross-parliamentary Swedish Pension Group has agreed that occupational pension payments in Sweden should have the option to be paused, in an effort to encourage more elderly people to work
Posted: 30/10/23
Thirty-four per cent of Danes are worried that they are not saving enough for retirement, according to research by Insurance and Pension Denmark (I&P Denmark)
Posted: 30/10/23
Insurance and Pension Denmark (I&P Denmark) is calling on the Danish government to end the accounting ‘double regulation’ that currently exists for Danish companies
Posted: 27/10/23
The proposed Regulation on a framework for Financial Data Access (FiDA) “does not adequately address the unique characteristics of pension funds”, the European Association of Paritarian Institutions (AEIP) has said
Posted: 27/10/23
The three European Supervisory Authorities (ESAs) have published a report on their joint criteria on the independence of supervisory authorities
Posted: 27/10/23
Swedish occupational pension company, AMF, made a return of 3.2 per cent for the period January-September 2023, and had a solvency ratio of 231 per cent
Posted: 27/10/23
The latest news in brief and mandates from the past seven days
Posted: 27/10/23
Risk management must not be “mechanistic” and there is “no magic answer”, Irish Pensions Authority head of supervision and enforcement, Grace Guy, has said
Posted: 26/10/23
The UK's HMRC repaid a total of £61.3m to people who overpaid tax when they flexibly accessed their pensions in Q3 2023, up from £33m in Q3 2022, the latest government Pension Schemes Newsletter has revealed
Posted: 26/10/23
There is a “failure of calibration” between the political and pension industry timeframes, which the industry has to accept, BESTrustees president, Alan Pickering, has said
Posted: 26/10/23
The British Red Cross Pension Fund and the Scottish Branch British Red Cross Society Retirement Benefits Scheme have agreed a £30m bulk annuity deal with Aviva, securing retirement benefits for around 360 members across both schemes
Posted: 25/10/23
Irish pension funds have been warned of the “war for talent” in the sector amid new regulations, such as the IORP II Directive, that require increased risk management
Posted: 25/10/23
Finnish earnings-related pension provider, Elo, made a return of 2.7 per cent, between 1 January and 30 September 2023
Posted: 25/10/23
Seventy-two per cent of institutional investors and wealth managers have increased their allocations to fixed-income assets over the past year due to significant interest rate rises, according to research from Managing Partners Group (MPG)
Posted: 25/10/23
Twenty UK venture capital and growth equity firms have backed the newly launched Venture Capital Investment Compact, in an effort to unlock greater defined contribution (DC) pension investment in high-growth companies
Posted: 24/10/23
Data is “the answer” to plugging the pensions savings gap that exists across Europe, according to the European Insurance and Occupational Pensions Authority (EIOPA) chairperson, Petra Hielkema
Posted: 23/10/23
Swedish pension savers who were invested in several Russian funds are to receive a share of SEK 247m in repayment after the sales of the funds, the Swedish Pensions Agency has said
Posted: 24/10/23
Norway’s Government Pension Fund Global (GPFG), managed by Norges Bank Investment Management (NBIM), made a negative return of -2.1 per cent in the third quarter of 2023
Posted: 24/10/23
Finnish earnings-related pension provider, Veritas, has made changes to its electric occupational pension statements, making them easier to read
Posted: 23/10/23
The total assets under management (AUM) of the world’s 500 largest investment managers fell by 13.7 per cent year-on-year between 2021 and 2022, according to research by the Thinking Ahead Institute (TAI)
Posted: 23/10/23
The Dutch pension fund ABP, for those working in education and government, has invested €438m in a second Dutch ‘green’ government bond
Posted: 23/10/23
ActionAid Denmark has criticised 16 Danish pension funds for "failing the climate" by having €3.35bn (DKK 25bn) invested in fossil fuel producers
Posted: 20/10/23
The Department for Work and Pensions (DWP) has provided an update on its work developing a solution to address the proliferation of small, defined contribution (DC) pension pots, revealing that parts of the dashboards’ infrastructure may be used in the proposed multiple default consolidator model
Posted: 20/10/23
The latest news in brief and mandates from the past seven days
Posted: 20/10/23
Swedish pension funds AP3 and AP4 have chosen SimCorp as their new provider of a portfolio management system
Posted: 20/10/23
The UK's Department for Work and Pensions’ (DWP) Taskforce on Social Factors has launched an industry consultation on a new guide, which outlines more than 30 recommendations as to how the pensions industry can better incorporate social factors into investment decisions
Posted: 19/10/23
The policy funding ratio the Dutch pension scheme Pensioenfonds PostNL fell slightly to 134.4 per cent in September from 134.8 per cent in August 2023
Posted: 19/10/23
There will be a problem with sourcing assets for the UK government’s Mansion House reforms, LGIM head of multi-asset funds, John Roe, has said
Posted: 18/10/23
Nature-related financial disclosures could become mandatory for pension schemes in the UK within five years, according to Redington global head of sustainable investment, Anastasia Guha
Posted: 18/10/23
There will be a 5.7 per cent increase to earnings-related pensions in Finland from 2024
Posted: 18/10/23
There is a “big conversation” happening about pensions on TikTok and more of the industry should join the social media platform to use it as a listening tool, a digital anthropologist has said
Posted: 18/10/23
Skandia is calling for the Confederation of Swedish Enterprise to review Sweden’s occupational pensions system amid what it believes is an ‘increasing concentration of capital’ within Alecta
Posted: 17/10/23
The majority (88 per cent) of employees back the Pensions and Lifetime Savings Association’s (PLSA) proposed reforms to the UK pensions system, research by the association has found
Posted: 17/10/23
Eighty-six per cent of institutional investors and wealth managers will increase their allocations to multi-asset credit (MAC) strategies over the next two years in pursuit of a reliable and diversified source of income, according to Aeon Investments
Posted: 17/10/23
The Netherlands has regained the top spot of the Mercer CFA Institute Global Pension Index, ranking highest of the pension systems assessed with a score of 85
Posted: 17/10/23
Finnish occupational pension companies and central labour market organisations have submitted their calculations and proposals for contribution levels in 2024 to the Ministry of Social Affairs and Health
Posted: 16/10/23
Swedish pension fund AP3 has developed a framework for assessing and evaluating the impact of countries and companies on human rights
Posted: 16/10/23
The Danish parliament has reached an agreement that will stop cash assistance recipients being forced to withdraw and spend part of their pensions before they can continue receiving cash assistance
Posted: 16/10/23
The volume of assets in the individual pension system in Spain decreased by €1.17bn to €81.43bn in September 2023, according to data from Inverco
Posted: 16/10/23
The Swedish Fund Selection Agency (FTN) has started the evaluation of tenders in the procurement of actively managed European equity funds
Posted: 13/10/23
The latest news in brief and mandates from the past seven days
Posted: 13/10/23
Forty per cent of Danish women work part time after the birth of their first child, which has “major consequences” for their pension, Insurance and Pension Denmark (I&P Denmark) CEO, Kent Damsgaard, has said
Posted: 13/10/23
The European Insurance and Occupational Pensions Authority (EIOPA) has published its three-year digital strategy, which aims to further define its approach to digitisation as outlined in its overall 2023-2026 strategy
Posted: 13/10/23
Sweden’s AP7 has published a theme report on climate transition detailing its work in the area and how asset owners can influence the transition
Posted: 12/10/23
Public and Commercial Services (PCS) Union members at The Pensions Regulator (TPR) in the UK have returned to the picket lines, after talks to resolve the ongoing pay dispute broke down earlier this week
Posted: 12/10/23
De Nederlandsche Bank (DNB) executive board member, Steven Maijoor has said he is “concerned about the pace and the amount of action” taken by the financial sector in managing climate and environmental risks
Posted: 12/10/23
Ireland’s Pensions Authority has published guidance for trustees on how to undertake their scheme’s own-risk assessment (ORA)
Posted: 12/10/23
Integration of environmental, social and governance (ESG) considerations is steadily becoming the norm for investment managers as they respond to the requirements of investors, according to XPS Pensions Group
Posted: 11/10/23
The Irish government has announced its Budget 2024, which includes plans to create a Future Ireland Fund that will support state costs in the future such as pensions
Posted: 11/10/23
The Netherlands’ ABP has partnered with SSE Renewables and Naturalis Biodiversity Center to work together on biodiversity at sea as part of the Noordzeker initiative
Posted: 11/10/23
Sampension has introduced an equalisation mechanism to avoid major fluctuations in pensioners' payments
Posted: 11/10/23
Three Finnish earnings-related pension companies are amongst the 10 largest shareholders of the newly independent Mandatum Asset Management (MAM)
Posted: 10/10/23
Insurance and Pension Denmark (I&P Denmark) has backed the Danish government’s plans to build larger wind and solar farms
Posted: 10/10/23
The number of Finnish earnings-related pension transfers totaled 5,200 in the third quarter (Q3) of 2023, the Finnish Pension Alliance (Tela) has revealed
Posted: 10/10/23
The aggregate surplus of defined benefit (DB) pension schemes in the UK increased by £5.8bn in September to £446.9bn, the latest PPF 7800 Index has revealed
Posted: 10/10/23
“Very strict” German pension scheme coverage ratios must be adjusted, the Arbeitsgemeinschaft für betriebliche Altersversorgung e.V. (ABA) has argued
Posted: 10/10/23
Denmark’s Velliv has invested DKK 2bn in certified forests, with the first billion krone allocated to Manulife Investment Management
Posted: 10/10/23
The UK defined benefit (DB) pension transfer market is in a “slump” amid an exodus of specialist advisers and falling transfer values, LCP has stated
Posted: 09/10/23
De Nederlandsche Bank (DNB) has warned that pension funds are exposed to losses due to price corrections in commercial real estate, which will have a direct impact on their balance sheets
Posted: 09/10/23
Länsförsäkringar is shaking up its fund range within unit-linked insurance with the addition of a new sustainability-orientated fund
Posted: 09/10/23
The Dutch Federation of Pension Funds (Pensioenfederatie) has warned that new sustainability guidelines published by the Dutch Authority for the Financial Markets (AFM) could lead to “complex communication” that will deter participants
Posted: 09/10/23
The European Insurance and Occupational Pensions Authority (EIOPA) has outlined its strategic priorities for the period 2024 – 2026
Posted: 06/10/23
Insurance and Pension Denmark (I&P Denmark) is to become an employer association, along with Finans Danmark, as they absorb the work of the Financial Sector Employers’ Association
Posted: 06/10/23
Denmark’s AkademikerPension and Finland’s Varma have become one of only three pension funds in the world to have their climate targets approved by the Science Based Targets initiative (SBTi)
Posted: 06/10/23
More than two-thirds of global institutional investors and wealth managers say they are under-exposed to fixed-income assets as yields continue to rise, research published by Managing Partners Group (MPG) has revealed
Posted: 06/10/23
Industriens Pension and Nordstern have partnered together to build a platinum-certified office domicile for law firm Lundgrens in Copenhagen's Nordhavn, with the investment from the pension fund running into the three-digit million krone
Posted: 06/10/23
The latest news in brief and mandates from the past seven days
Posted: 06/10/23
The Joint Committee of the European Supervisory Authorities (ESAs) has published its work programme for 2024
Posted: 05/10/23
Dutch asset manager, APG, on behalf of its Dutch pension client, ABP, has partnered with the UK’s Pension Protection Fund (PPF) and Australia’s UniSuper to make two acquisitions in the area of forestry
Posted: 05/10/23
The Swedish Pensions Agency (Pensions Myndigheten) has filed a lawsuit against Skandinaviska Enskilda Banken AB (SEB) for approximately SEK 470m based on the company's capacity as a custodian for Allra's funds
Posted: 05/10/23
Dutch pension fund, PFZW, has made a new investment in 22 care complexes in the Netherlands with a total of 480 care homes
Posted: 05/10/23
About one fifth (21 per cent) of global institutional investors state they have no intention of making commitments to reaching net-zero across their portfolios, Schroders latest Institutional Investor Study has found
Posted: 05/10/23
A Finnish pension reform working group has been created but the Finnish Pension Alliance (Tela) has warned of the “serious risk” if changes are made to the automatic stabiliser within the pension system
Posted: 05/10/23
Sixty-eight per cent of Irish DC schemes intend to wind up and transfer to an alternative pension arrangement, the country’s Pensions Authority has revealed
Posted: 04/10/23
Recent growth in the UK fiduciary management sector has stalled, with asset values falling ‘significantly’ for the first time in more than a decade in 2022, IC Select’s latest annual survey of the fiduciary management market has shown
Posted: 04/10/23
The Executive Board of Norges Bank Investment Management (NBIM), which is responsible for the investments of Norway’s Government Pension Fund Global (GPFG), has decided to revoke the exclusion of Thoresen Thai Agencies PCL from the fund
Posted: 04/10/23
Almost 60 per cent of institutional investors and wealth managers across Europe would prefer passive fixed-income managers to integrate ESG considerations into their benchmark funds, even if this results in a degree of tracking error, according to research from Tabula Investment Management
Posted: 04/10/23
Alecta chair, Ingrid Bonde, has left her position with immediate effect, the company has announced
Posted: 03/10/23
An investor group including pension organisations has written to the chairs of 35 FTSE 350 companies, outlining their expectations for shareholder votes on climate transition plans ahead of next year’s AGM season
Posted: 03/10/23
The year 2026 has emerged as the ‘most popular’ year to transition to the new pension system, according to Aon
Posted: 03/10/23
The average Dutch pension fund funding ratio rose to 123 per cent in September 2023, according to Aon Netherlands’ Pension Thermometer
Posted: 03/10/23
Heywood Pension Technologies has completed the acquisition of New Zealand-based software company, Idiom Limited
Posted: 02/10/23
The European Supervisory Authorities (ESAs) have published a joint response to the European Commission’s (EC) call for advice on two EC delegated acts under the Digital Operational Resilience Act (DORA) specifying further criteria for critical ICT third-party service providers (CTPPs) and determining oversight fees levied on such providers
Posted: 02/10/23
Swedish pensioners have been warned that the way chose to withdraw their pension can have a big impact on their income during their retirement
Posted: 02/10/23
Finnish Prime Minister, Petteri Orpo, has tasked the country’s labour market organisations to come up with pension reforms that will save the welfare state €1bn
Posted: 02/10/23
PensionDanmark has become one of the first pension companies to have its plans to reduce CO2 emissions in its investments approved by the Science Based Targets initiative (SBTi)
Posted: 02/10/23
Dutch pension fund PFZW has written to sportswear manufacturer Nike, calling on the company to ensure it respects employee rights
Posted: 29/9/23
Younger women in Denmark are increasingly taking responsibility for their pension savings and now make up a “significantly” larger proportion of pension customers who adjust the investment risk on their pensions, according to data from Sampension
Posted: 29/9/23
Gender-neutral premiums will be introduced within FTP2, the collectively agreed occupational pension for employees in the Swedish insurance industry, from October 2023
Posted: 29/9/23
The latest news in brief and mandates from the past seven days
Posted: 29/9/23
Danish pension company AP Pension returned between 5 per cent and 10.3 per cent, before tax, on its investments in the first half of 2023, its half-year report has revealed
Posted: 29/9/23
European Pensions looks at the key points from EIOPA’s technical advice on the review of the IORP II Directive
Posted: 28/09/23
The European Insurance and Occupational Pensions Authority (EIOPA) has submitted its technical advice on the review of the IORP II Directive to the European Commission (EC)
Posted: 28/09/23
The KGM Pension and Life Assurance Scheme has completed a £4m full-scheme buyout with Just Group, covering 14 deferred and 10 pensioner members
Posted: 28/09/23
Population mortality in Sweden has returned to the normal level compared to the elevated level of mortality seen during the pandemic year of 2020, Insurance Sweden has revealed
Posted: 28/09/23
Finnish earnings-related pension provider, Ilmarinen, has become one of the 190 investors globally to join the Nature Action 100 initiative
Posted: 28/09/23
Eighty-five per cent of Varma’s investment management companies have committed to the United Nations Principles for Responsible Investment (UN PRI)
Posted: 28/09/23
Sweden’s AP2 has partnered with German-based sustainable finance think tank Climate & Company to systematically identify deforestation exposure in global portfolios
Posted: 28/09/23
The total value of taxable payments withdrawn flexibly from pensions since pension freedoms were introduced in April 2015 has surpassed £72.2bn, data from HMRC has revealed
Posted: 27/09/23
Denmark’s Industriens Pension is to reduce the climate footprint from its listed shares, corporate bonds and directly owned properties by at least 29 per cent from 2019 to 2025, as part of the journey towards a CO2-neutral investment portfolio by 2050
Posted: 27/09/23
Debt weakens the financial satisfaction of Finnish pensioners, new research by the Finnish Centre for Pensions (ETK) reveals
Posted: 27/09/23
The UK's Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) are proposing new measures to boost diversity and inclusion across the financial services sector
Posted: 26/9/23
Denmark’s Danica Pension has revealed that it did not provide some of its customers with adequate information regarding the raised state pension, which may have resulted in some receiving a lower return on their pension savings
Posted: 26/9/23
The Swedish Financial Supervisory Authority has announced that KPA Pension can executive its merger plan for KPA Tjänstepension AB and KPA Tjänstepensionsförsäkring AB
Posted: 26/9/23
Pension scheme trustees have been urged to remain mindful of cybersecurity risks, after research from RPC revealed a 4000 per cent increase in data breach reports to the Information Commissioners Office (ICO) in the year to June 2023
Posted: 25/09/23
Denmark's AkademikerPension is increasing its focus on biodiversity by joining two international initiatives
Posted: 25/09/23
The coverage ratio of the Netherlands' Pensioenfonds SNS Reaal dropped to 118.4 per cent in August, new figures have revealed
Posted: 25/09/23
Sweden’s KPA Pension is making an improvement to one of its pension products
Posted: 25/09/23
The Dutch Federation of Pension Funds has voiced its support for the European Commission’s proposal to introduce Faster and Safer Relief of Excess Withholding Taxes (FASTER) procedures to transparent investment funds
Posted: 25/9/23
Finnish earnings-related pension providers’ solvency ratio rose by 0.1 percentage points in the second quarter of 2023, according to data from the Finnish Financial Supervisory Authority
Posted: 25/9/23
Pensions schemes in the UK have increased their liability hedges in the year since the gilts crisis, according to analysis by XPS Pensions Group
Posted: 22/9/23
Faster and Safer Relief of Excess Withholding Taxes (FASTER) procedures should be available to fiscally transparent investment entities under the forthcoming withholding taxes directive, PensionsEurope has argued
Posted: 22/9/23
Dutch pension funds are increasingly investing their assets in foreign investment funds, particularly other European funds, according to analysis by De Nederlandsche Bank (DNB)
Posted: 22/9/23
The latest news in brief and mandates from the past seven days
Posted: 22/9/23
The Cable and Wireless Superannuation Fund has agreed a £340m buy-in with Legal & General (L&G), securing the benefits of approximately 1,800 retirees and deferred members
Posted: 21/09/23
Total assets in the Irish pension fund sector grew by €2bn (1.7 per cent) over the second quarter of 2023 to stand at €128bn, statistics from the Central Bank of Ireland show
Posted: 21/09/23
The European Supervisory Authorities (EBA, EIOPA and ESMA) have called for “vigilance from all financial market participants in the wake of “heightened uncertainty” in the economy
Posted: 21/09/23
Finnish earnings-related pension assets increased by €2bn during the second quarter of 2023, statistics from the Finnish Financial Supervisory Authority have revealed
Posted: 21/09/23
Finland’s largest pension provider, Keva, for those working in the public sector, has announced that it intends to increase the risk level of its investment portfolio
Posted: 21/09/23
M&G has marked its return to the bulk purchase annuity (BPA) market with two buy-in transactions totalling £617m
Posted: 20/09/23
The number of Finnish disability pension recipients has dropped by more than 25 per cent between 2010 and 2020, according to the Finnish Centre for Pensions (ETK)
Posted: 20/09/23
Danish pension savers are seeing positive returns on their pension investments, particularly from global equities, according to Insurance and Pension Denmark (I&P Denmark)
Posted: 20/09/23
Dutch pension fund Pensioenfonds PostNL has seen its policy funding ratio fall over August to 134.8 per cent, down from 135.3 per cent
Posted: 20/09/23
A Private Member's Bill to extend auto-enrolment (AE) in the UK has cleared parliament and been granted Royal Assent, in a move that is expected to ensure that "millions across the country can save more and save earlier"
Posted: 19/9/23
The Taskforce on Nature-related Financial Disclosures (TNFD) has published its final recommendations for nature-related risk management and disclosures for companies and financial institutions
Posted: 19/9/23
Norway’s Norges Bank Investment Management (NBIM) has published revised expectations that aim to support companies by providing guidance on how they manage the evolving climate-related risks and opportunities
Posted: 19/9/23
The volume of assets in the individual pension system in Spain decreased by €512m to €84.4bn in August 2023, according to data from Inverco
Posted: 19/9/23
The House of Representatives in the Netherlands has announced that it still wants to debate the ongoing bills relating to pensions after declaring all three ‘non-controversial’
Posted: 18/9/23
Positive perceptions of work could encourage later retirement, research from the Finnish Centre for Pensions (ETK) has revealed, highlighting leisure time and family as the main draws away from the world of work
Posted: 18/9/23
The Swedish Fund Selection Agency (FTN) has extended the tender period for the procurement of actively managed European equity funds
Posted: 18/9/23
The majority (92 per cent) of institutional investors agree that digital assets have an important role to play in portfolios, although volatility and security remain key barriers, research from Nickel Digital Asset Management has found
Posted: 15/9/23
The European Commission (EC) has launched two consultations on the implementation of the Sustainable Finance Disclosure Regulation (SFDR), to ensure that the rules remain fit for purpose
Posted: 15/9/23
The Dutch Pension Federation has urged the government to be very clear when implementing European legislation on sustainability reporting that this does not apply to pension funds
Posted: 15/9/23
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Posted: 15/9/23
Insurance buyout remains the most popular destination for defined benefit (DB) pension schemes, despite growing interest in running on DB schemes and generating surplus for the benefit of members, research from XPS Pensions Group has revealed
Posted: 14/09/23
Swedish occupational pension and insurance companies’ investment assets increased by 2.9 per cent in the second quarter of 2023, Insurance Sweden has revealed
Posted: 14/09/23
Seventy per cent of pension fund investors manage their assets to an inflation-plus benchmark, with 90 per cent looking to surpass their benchmark by 1-3 per cent over the long term
Posted: 14/09/23
Sweden’s Financial Supervisory Authority (FI) is to investigate the pension company Alecta, to see if it followed the correct regulations in relation to its investments in Heimstaden Bostad.

It is part of FI’s duties to examine and assess whether occupational pension companies follow rules that apply to investments
Posted: 14/09/23
The reporting of Danish pension companies’ CO2 footprint is “so variable in terms of assumptions and limitations that it is often difficult" to assess if pension companies are on the right track, according to research by AnsvarligFremtid (ResponsibleFuture)
Posted: 13/09/23
Pension scheme administrators have a “crucial” role to play, The Pensions Regulator (TPR) in the UK has said, sharing plans to change its regulatory approach to work more closely with administrators
Posted: 13/09/23
Norway has been ranked as the highest-performing country on Natixis Investment Managers’ Global Retirement Index 2023 for the second consecutive year with a score of 83 per cent
Posted: 13/09/23
KLP AksjeGlobal Indeks has passed NOK 100bn making it the largest equity fund in Norway
Posted: 13/09/23
The aggregate surplus of UK defined benefit (DB) pension schemes decreased slightly from £446.1bn at the end of July 2023 to £441.1bn at the end of August 2023, the latest Pension Protection Fund (PPF) 7800 Index has revealed
Posted: 12/09/23
Finnish earnings-related pension provider, Elo, has announced changes to its management team with its investment director and deputy CEO, Hanna Hiidenpalo, exiting the company
Posted: 12/09/23
Ninety-eight per cent of European institutional investors and wealth managers say ESG data is important to informing their fixed-income decision-making
Posted: 12/09/23
Twenty-six per cent of Finnish pensioners say their pension is not enough to live on, which is why they are drawn to work in retirement, a new survey by Finnish earnings-related pension provider, Elo, has found
Posted: 12/09/23
The Finnish Centre for Pensions (ETK) has said it intends to undertake a further pensioner income survey, which were previously carried out in 2017 and 2020
Posted: 11/09/23
Dutch pension asset manager, APG, is introducing a new index product in the field of responsible investment in publicly traded real estate, in response to demands for ‘greater customisation’ from pension funds
Posted: 11/09/23
The Norwegian government and the parties in the public sector have reached an agreement on the pension rules for those with special age limits
Posted: 11/09/23
The world’s 300 largest pension funds' assets suffered a 13 per cent correction in 2022, research from the Thinking Ahead Institute has revealed, recording the largest fall in assets in 20 years, and the first annual drop since 2018
Posted: 11/9/23
Concerns over the impact of the rising cost of the UK state pension have been raised, after research from the Institute for Fiscal Studies (IFS) revealed that maintaining the triple lock could increase spending by anywhere between a further £5bn and £45bn per year by 2050
Posted: 8/9/23
Increasing mandatory pension contributions can lead to higher overall saving levels, analysis from the Central Bank of Iceland has found, with no evidence that savers would materially reduce their voluntary savings in response
Posted: 8/9/23
The latest news in brief and mandates from the past seven days
Posted: 8/9/23
UK defined benefit schemes saw a deterioration in their funding positions over August, according to the latest data from the Broadstone Sirius Index
Posted: 07/09/23
Norges Bank Investment Management (NBIM) has initiated a process to close its office in Shanghai.

The bank, which is responsible for the investments of Norway’s Government Pension Fund Global, said its investments and investment strategy in China remain unchanged
Posted: 07/09/23
Pension savers in Denmark are being warned of fake emails posing to be from pension companies
Posted: 07/09/23
Eighty-six per cent of institutional investors and wealth managers expect that there will most likely be a bond rally within the next two years
Posted: 07/09/23
Quantitative restrictions on pension investments in the European Union “may currently be too restrictive” to allow pension funds to support the green transition, according to the OECD
Posted: 06/09/23
Danica Pension is backing proposals calling for big US firms to report on their plastic consumption
Posted: 06/09/23
The UK's Pension Protection Fund (PPF) has said that it would be well placed to run the public sector consolidator proposed in the Department for Work and Pensions’ (DWP) call for evidence on options for defined benefit (DB) schemes
Posted: 6/9/23
A typical pension customer with Danish pension company PFA received a return of 7.6 per cent in the first half of 2023, according to PFA’s half-year report
Posted: 6/9/23
The Dutch fund Pensioenfonds Zorg and Welzijn (PFZW) is broadening its indexation policy to better help its members in the face of persistently high inflation
Posted: 05/09/22
Danish pension company Velliv returned between 5 per cent and 7.4 per cent in H1 2023 for a customer with 15 years to retirement and medium risk, depending on their retirement product
Posted: 5/9/23
The Irish Pensions Authority (IPA) has published its Annual Report and Accounts for 2022, detailing its regulatory activity, financial results, and objectives
Posted: 5/9/23
People in Denmark retiring early using their own wealth is a “very limited phenomenon”, despite concerns that large numbers were withdrawing early from the labour market using their own funds, according to Forsikring & Pension (F&P)
Posted: 4/9/23
The Third AP Fund (AP3) in Sweden returned 5.5 per cent on its investments in the first half of 2023, its half-year report has revealed
Posted: 4/9/23
The indicative average coverage ratio of Dutch pension funds fell by 1 percentage point to 121 per cent in August 2023, according to Aon’s latest Pension Thermometer
Posted: 4/9/23
The latest news in brief and mandates from the past seven days
Posted: 1/9/23
The Second AP fund (AP2) in Sweden returned 4.8 per cent on its investments in the first six months of 2023, its half-year report has shown
Posted: 1/9/23
The volume of assets in the individual pension system in Spain increased by €974m to €84.9bn in July 2023, according to data from Inverco
Posted: 1/9/23
The UK's ITB Pension Funds (Open Fund) has completed a £290m buy-in deal with Just Group, meaning that all of the scheme members’ benefits have now been secured
Posted: 31/8/23
The Finnish earnings-related pension index is likely to grow “slightly more” than the wage coefficient in 2024, the Finnish Centre for Pensions (ETK) has forecast
Posted: 31/8/23
Danish pension fund ATP’s Livslang Pension generated DKK 1.4bn in returns during the first six months of 2023, according to its half-year report
Posted: 31/8/23
The Pensions Regulator (TPR) in the UK has reiterated its climate expectations for pension scheme trustees, emphasising that while trustees don't need to be climate experts, they do need to be able to challenge their advisers and the output from climate scenario analysis
Posted: 30/8/23
Swedish pension fund AP7 returned 17.7 per cent on its investments in the first six months of 2023, its half-year report has revealed
Posted: 30/8/23
A record number of Danish people made additional, voluntary contributions to their pensions in the first half of 2023, according to figures from Sampension
Posted: 30/8/23
The UK pension risk transfer (PRT) market is on track for a record year in 2023, Legal & General's (L&G) PRT Monitor has found, reporting an “unprecedented” acceleration in demand
Posted: 29/8/23
Customers in Denmark’s PFA Pension have received nearly DKK 1.5bn in return on investments in several European data centres after PFA sold its ownership stake
Posted: 29/8/23
Norwegian pension company KLP has reported a value-adjusted return of 4.2 per cent across the pension funds in the collective portfolio in the first half of 2023
Posted: 29/8/23
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.

Podcast - The power of three: Using Common Contractual Funds to improve tax outcomes for investors
Large asset owners are still investing in equities in a way where they are taxed on their income. The implication is that they get a poorer return. They need to, and can, improve this, but how?

In this podcast, AMX Head of Client and Manager Development, Aaron Overy, and AMX Product Tax Specialist, Kevin Duggan, discuss with European Pensions Editor, Natalie Tuck, about three options to help ensure good withholding tax outcomes for institutional investors.

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