Archive News

Pensions Europe has called for close collaboration between member associations and European Union (EU) level and national regulators and supervisors to ensure that pension funds can overcome the challenges caused by the Covid-19 pandemic.

In a wide-ranging statement, the association called for a number of measures to be taken to help pension funds during this crisis
Posted: 09/04/20
Read in full the statement from PensionsEurope on measures it believes should be taken to mitigate the impact of the Covid-19 pandemic on pension funds across Europe
Posted: 09/04/20
UK employer’s auto-enrolment (AE) duties towards their staff will continue to apply “as normal”, despite the ongoing challenges posed by the coronavirus, The Pensions Regulator (TPR) has stated
Posted: 09/04/20
Finland has reduced employer earnings-related pension contributions by around 2 per cent as a measure to deal with the financial impact of the Covid-19 pandemic
Posted: 09/04/20
Financial literacy and promoting sustainability awareness are “somewhat sidelined” in a consultation on the Renewed Sustainable Finance Strategy released by the European Commission
Posted: 09/04/20
The European Insurance and Occupational Pensions Authority (EIOPA) has said that it plans to expand the remit of its costs and past performance annual reports to include occupational pension funds
Posted: 08/04/20
Supermarket firm Tesco has reached an agreement with its pension trustees to make a one-off £2.5bn scheme contribution to eliminate its funding deficit
Posted: 08/04/20
Swedish pension company, Skandia, has invested SEK 1.5bn in a social bond issued by the African Development Bank that aims to support African communities during the coronavirus pandemic
Posted: 08/04/20
Two Danish pension funds, PKA and PenSam, have invested DKK 1.7bn in solar power farms in the US states of California and Texas
Posted: 08/04/20
Sweden’s KPA Pension has invested an additional SEK 530m in two bonds that aim to alleviate the social and economic effects of the Covid-19 pandemic
Posted: 07/04/20
The introduction of pension freedoms in the UK has partly driven a "significant risk of harm" to pension investors, the Financial Conduct Authority (FCA) has said
Posted: 07/04/20
Pension funds should follow a five-step risk management process in order to respond quickly and adequately to risks posed by a crisis such as the Covid-19 pandemic, according to Achmea Pension Services
Posted: 07/04/20
Stichting Bedrijfspensioenfonds voor de Agrarische en Voedselvoorzieningshandel (Bpf AVH), the Dutch pension fund for those working in the agriculture and food supply sector, has said there is a “great chance” that pensions will need to be reduced next year
Posted: 06/04/20
The Dutch Pension Federation has welcomed a government measure that will see workers’ pension contributions continue to be paid throughout the coronavirus pandemic
Posted: 06/04/20
British high street retailer, Debenhams, failed to pay its agreed April deficit recovery contribution (DRC) as the firm edges towards administration
Posted: 06/04/20
Danish pension provider, Danica Pension, has said it expects improvement in returns for the rest of the year after a negative first quarter
Posted: 06/04/20
Irish managed pension funds declined by 15.8 per cent in the first quarter of 2020, one of the worst results for the funds since the 2008 financial crisis
Posted: 06/04/20
Legal & General (L&G) announced that its global pension risk transfer business has secured £261m of pensioners’ benefits across eight transactions in March
Posted: 03/04/20
Denmark’s AP Pension made a loss of DKK 72m in 2019, which it said was as a result of integrating Skandia’s Danish business following its takeover
Posted: 03/04/20
Danish citizens are being reminded of their pension schemes’ insurance policies, which are linked to the scheme but could stop if pension contributions are paused
Posted: 03/04/20
A proposal by the German government’s Sustainable Finance Committee to develop sustainability indicators for corporate disclosures in Germany could have the “unintended consequence of preventing comparability of companies’ disclosures across markets”
Posted: 03/04/20
Norway’s Government Pension Fund Global has made a loss of 14.6 per cent in the first quarter of 2020, its preliminary results have revealed
Posted: 02/04/20
Swedish pension company, Skandia, has invested SEK 450m in a bond that aims to be used to fight the Covid-19 pandemic in Europe
Posted: 02/04/20
Cecilia Thorn has resigned as the chief executive of the Actuarial Association of Europe (AAE), effective 1 April 2020
Posted: 02/04/20
The average coverage ratio of Dutch pension funds fell from 95 per cent to 85 per cent in the first half of March, according to Aon
Posted: 02/04/20
The Royal Bank of Scotland (RBS) has cancelled a dividend-linked contribution to its main UK pension scheme in light of the Covid-19 pandemic
Posted: 01/04/20
Danish pension provider, PKA, has joined the Investor Alliance on Human Rights, and has signed a joint letter calling for 95 of the world’s largest companies to make greater efforts to uphold fundamental human rights throughout their value chains
Posted: 01/04/20
The number of people in receipt of a partial old-age pension in Finland increased by 6,000 between the end of 2018 and 2019, according to the Finnish Centre for Pensions (ETK)
Posted: 01/04/20
The European Insurance and Occupational Pensions Authority (EIOPA) has created two model pension benefit statements, demonstrating how schemes should provide “clear, comparable” information to their members
Posted: 01/04/20
The board chairman of Dutch pension fund, ABP, Corien Wortmann, has said that the financial impact of Covid-19 increased the chance of lowering pensions in 2021
Posted: 31/03/20
Two WPP sponsored pension schemes have completed a further combined £250m buy-in with the Pension Insurance Corporation (PIC)
Posted: 31/03/20
Risk management is most valued by European pension funds in a long income manager, according to research by Alpha Real Capital LLP
Posted: 31/03/20
Several of Finland’s pension providers have warned that the economic downturn caused by Covid-19 “may outweigh the worst experiences of banking crises,” as they published a joint statement urging the government to strengthen the country’s healthcare capacity
Posted: 30/03/20
Arcadia Group intends to suspend monthly contributions to its pension scheme in an effort to retain cash during the coronavirus crisis
Posted: 30/03/20
The foundations of Swedish pension company Skandia have donated SEK 1.8m to institutions undertaking climate research
Posted: 30/03/20
The Pensions Authority in Ireland has said it will take into account current circumstances when assessing the trustees’ compliance with their obligations
Posted: 30/03/20
The UK government has confirmed that the coronavirus job retention scheme will include provisions for pension contributions
Posted: 27/03/20
A joint statement signed by 195 institutional investors from around the world is urging companies to take steps to mitigate the social impact of the coronavirus crisis
Posted: 27/03/20
The Dutch government has announced that there will be no tax consequences for pensions of healthcare workers who retired early but are returning to work to support the fight against Covid-19
Posted: 27/03/20
The average monthly pension of Finnish retirees exceeded €1,700 euros for the first time, according to the Finnish Centre for Pensions (ETK)
Posted: 26/03/20
The UK's Financial Conduct Authority (FCA) has delayed the implementation of its proposed changes to defined benefit (DB) pension transfers by up to six months
Posted: 26/03/20
Norges Bank Investment Management (NBIM), which is responsible for the investments of the Government Pension Fund Global, has revealed that Nicolai Tangen is to become its new chief executive officer
Posted: 26/03/20
Bulk annuity pricing has fallen as current market volatility is causing rapid shifts in all asset pricing, new research from XPS has shown
Posted: 25/03/20
Institutional investors that are not obliged to trade are waiting for the right moment before they step into the markets, according to Danish consultancy firm Kirstein
Posted: 25/03/20
The value of worldwide regulated open-ended fund assets increased by 3.1 per cent to €52.7trn in the fourth quarter (Q4) of 2019, according to the European Fund and Asset Management Association (EFAMA)
Posted: 25/03/20
Sweden’s AP7 fund has been revealed as one of the founding members of a new task force that aims to drive corporate action on water-related financial risk
Posted: 25/03/20
Denmark’s MP Pension is allow self-employed members to pause their payments throughout the coronavirus crisis
Posted: 24/03/20
The Parliamentary Contributory Pension Fund (PCPF) has announced that it is reducing its investment in fossil fuels and increasing its exposure to renewable energy
Posted: 24/03/20
Assets under management in Spain’s pension plans fell by 2.6 per cent over February, according to Spanish platform VDOS
Posted: 24/03/20
The Pensions Regulator (TPR), the UK's pensions regulator, has confirmed plans to postpone its ongoing regulatory initiatives, including its Corporate Plan and long-term strategy
Posted: 23/03/20
The think tank, 2 Degrees Investing Initiative (2DII) has developed stress tests based on Covid-19 scenarios to assess the financial risks of the virus
Posted: 23/03/20
Swedish pension provider Alecta has invested SEK 2bn in a social bond to support companies that have been negatively affected by Covid-19
Posted: 23/03/20
Swedish pension provider Alecta has formed its own real estate business, Alecta Fastigheter, AB in order to bring its real estate investments in-house, which will initially own and manage properties worth SEK 45bn
Posted: 20/03/20
The French public sector additional pension scheme (ERAFP) is launching a call for tenders for several US mid-cap equities mandates
Posted: 20/03/20
Net sales of UCITS and AIFs totalled €137bn, up from EUR €70bn in December 2019, according to the European Fund and Asset Management Association (EFAMA)
Posted: 20/03/20
British retailer, Next’s defined benefit (DB) pension schemes have increased their surplus from £125.0m to £133.4m in the 12 months ended January 2020
Posted: 19/03/20
Danica Pension has revealed that it is giving self-employed members the option to take a pension contribution break until the end of June due to the impact of coronavirus
Posted: 19/03/19
The pension scheme for doctors in Denmark, Lægernes Pension, saw 1,337 new members join the scheme in 2019, it has revealed
Posted: 19/03/20
Strong solvency ratios of private sector pension insurers in Finland will make it “easier to absorb the effects” of the coronavirus pandemic, according to the Finnish Pension Alliance (Tela)
Posted: 18/03/20
The Morrisons Group pension schemes reported £256m worth of growth in its net accounting surplus over the past year, up to £944m (£688m in 2018/19)
Posted: 18/03/20
Dutch pension fund Pensioenfonds PostNL (PostNL) suffered a 5.2 per cent drop in its funding ratio during the last week of February, it has revealed
Posted: 18/03/20
The value of Germany’s DAX 30 companies’ pension liabilities rose from €365.3bn in 2018 to €409bn in 2019, according to analysis by Mercer Deutschland GmbH
Posted: 17/03/20
Motorola has confirmed that the IndigoVision pension schemes and its members' benefits will be safeguarded in its proposed acquisition of the video security solution firm
Posted: 17/03/20
Iceland’s Pension Fund of Commerce has announced it has temporarily closed its office due to coronavirus
Posted: 17/03/20
The Finnish Centre for Pensions (ETK) has reassured Finnish citizens that their pensions will be paid as normal during these uncertain times
Posted: 17/03/20
Trustees must embrace virtual meetings to ensure that pension schemes don’t suffer during the coronavirus outbreak, according to Aon
Posted: 16/03/20
Sweden’s AP1 fund has announced that it will no longer invest in fossil fuels as it targets a carbon neutral portfolio by 2050
Posted: 16/03/20
The coverage ratio of the Dutch pension fund for people working in the government and education sector, Stichting Pensioenfonds ABP (ABP), has reported that its coverage ratio dropped to 88.7 per cent over February
Posted: 16/03/20
Retailer C&A’s Dutch pension fund, Provisum, has revealed it has recently awarded a €250m passive equity mandate to State Street Global Advisers (SSGA)
Posted: 13/03/20
Danish pension provider, PFA, has told customers that it can’t rule out the possibility of longer response times due to coronavirus
Posted: 13/03/20
Boards looking at and reforming their member-nominated trustee (MNT) recruitment process is the “obvious starting point” to improving diversity, Travers Smith head of pensions, Daniel Gerring has said
Posted: 13/03/20
The UK's Department for Work and Pensions (DWP) “has some catching up to do” on whether occupational DC schemes that offer drawdown should be required use investment pathways
Posted: 12/03/20
Dutch pension fund for government and education workers, Stichting Pensioenfonds ABP, has revealed it has provided its first loans through the social housing financing platform that it created last year
Posted: 12/03/20
The Pensions Climate Risk Industry Group (PCRIG) in the UK has launched a public consultation on its guidance for pension fund trustees to assess, manage and report on climate-related risks
Posted: 12/03/20
The Chancellor of the Exchequer, Rishi Sunak, has been criticised by people within the UK pensions industry for a “missed opportunity” to simplify the pensions tax relief system
Posted: 11/03/19
The Swedish Pensions Agency has said there is a need for a private pension product that everyone can use
Posted: 11/03/19
Pension funds should “examine carefully” how their asset managers are approaching environmental, social and governance (ESG) factors in asset allocation and stewardship, according to ShareAction
Posted: 10/03/20
British-based Smart Pension Master Trust has been confirmed as Welplan Pensions Master Trust’s default receiving scheme following last year’s decision to close Welplan
Posted: 10/03/20
Irish managed pension funds lost an average of 5.5 per cent in February, as coronavirus fears hit the market
Posted: 10/03/20
Aon has agreed to purchase Willis Towers Watson for $30bn (£22.9bn) in an all-share deal with a combined equity value of around $80bn (£61bn)
Posted: 09/03/20
The Danish pension fund for teachers and lecturers, MP Pension, has announced it is postponing external meetings due to coronavirus
Posted: 09/03/20
More Norwegian women want to retire earlier than men, according to research by the country’s Centre for Senior Policy
Posted: 09/03/20
A date has been set for the verdict on the case involving Falcon Funds and Swedish pension savers
Posted: 09/03/20
Finnish pension provider, Keva, made a return of €6.4bn in 2019 after costs, equivalent to 12.8 per cent, its best investment year in its history in terms of euros
Posted: 06/03/20
One of Denmark’s largest pension companies, PFA, has reported its construction adviser V2C and construction company WR Enterprise to the police over an alleged fraud attempt
Posted: 06/03/20
Over half (52 per cent) of Dutch employees are only moderately or not well prepared financially for old age, according to Aon Netherlands
Posted: 06/03/20
Sweden’s Pension Group has agreed on a pension increase in 2021, the Ministry of Social Affairs has said
Posted: 05/03/20
Fees are the most important factor when Swedes are deciding on their pension fund choices, according to research by Novus on behalf of Skandia
Posted: 05/03/20
Norges Bank Investment Management (NBIM), which is responsible for Norway’s Government Pension Fund Global, has signed an agreement to acquire a 39.9 per cent interest in a part of the Otemachi Park Building, an office-complex located in Tokyo
Posted: 05/03/20
France’s Additional Public Service Pension Scheme (ERAFP) has joined the alliance of investors committed to carbon neutrality by 2050 – the Net-Zero Asset Owner Alliance
Posted: 05/03/20
Norges Bank Investment Management, which is responsible for Norway’s Government Pension Fund Global, has said that it does not support the UN’s Principles for Responsible Investment’s proposal for outcome-based reporting for investors
Posted: 04/03/20
The French government has survived two no confidence votes allowing it to force through its pension reform bill by decree
Posted: 04/03/20
The Irish Pensions Authority secured convictions against three employers in 2019, out of a total nine prosecutions that were concluded
Posted: 04/03/20
Fujitsu has moved its defined contribution (DC) members in the UK to Willis Towers Watson’s LifeSight master trust
Posted: 04/03/20
Retirees in Finland on an old-age pension who have suffered from disability during their working life struggle twice as often as other retirees on an old-age pension
Posted: 4/03/20
Norges Bank Investment Management (NBIM), which looks after the investments of Norway’s Government Pension Fund Global (GPFG), has called for companies to provide more comparable data on environmental, social and governance (ESG) reporting
Posted: 03/03/20
The impact of coronavirus on financial markets continued to hit Dutch pension schemes hard in February, as funding levels fell by an average of 6 per cent over the month
Posted: 03/03/20
The Pensions Regulator (TPR) has launched a consultation to seek views on changes to the defined benefit (DB) funding code to better manage risks on long-term scheme funding and investment strategy planning.

TPR hopes that the consultation will allow it to create a clearer framework for DB funding and give clarity on how its ‘twin-track’ approach on scheme valuations will work
Posted: 03/03/20
The French government has announced that it is pushing through its pension reform by decree
Posted: 02/03/2020
The incoming Irish government should appoint a Pensions Minister, which is what the electorate want, according to the Irish Association of Pension Funds (IAPF)
Posted: 02/03/2020
The combined earnings of Sweden’s AP funds (one to four) amounted to SEK 236bn in 2019, the highest return so far
Posted: 02/03/2020
The Rolls Royce defined benefit (DB) pension scheme deficit has fallen by £849m to £208m, the group's financial report has shown
Posted: 28/02/20
The average retirement age for those on the old-age pension in Finland in 2019 was 61.5, according to the Finnish Centre for Pensions
Posted: 28/02/20
The winners of the annual Pensions Age Awards were announced last night at a sellout, glittering gala ceremony in London attended by almost 600 people
Posted: 28/02/20
Association of Austrian Occupational Pensionfunds vice president, Christian Böhm, gives an overview of the current situation within the Austrian pension fund sector and why the association wants the government to look at pensions tax relief
Posted: 28/02/20
Iceland’s Lifeyrissjodur verzlunarmanna (The Pension Fund of Commerce) made a return of 18.7 per cent in 2019 (15.6 per cent net real return), it has revealed
Posted: 27/02/20
The gender pension gap will remain in Sweden until the turn of the next century, despite women doing exactly the same work as their male colleagues, according to research by Skandia
Posted: 27/02/20
Norway’s Government Pension Fund Global made a return of 19.9 per cent in 2019, equivalent to NOK 1,692bn
Posted: 27/02/20
The UK's Pensions Ombudsman (TPO) has upheld a misinformation complaint against the Aviva Staff Pension Scheme
Posted: 26/02/20
Industriens Pension has revealed that the cost of administration this year for each member amounts to DKK 24 a month
Posted: 26/02/20
PensionDanmark has said it will be focusing on low costs for customers due to the prospect of “moderate returns” in the coming years, despite reporting a strong return for 2019
Posted: 11/02/20
Danish pension provider, PFA, has warned investors not to panic over the impact of coronavirus on financial markets, as it believes the declines seen are “temporary”
Posted: 25/02/20
Norges Bank Investment Management (NBIM) has revealed that it has received eight applications, all from men, for its top chief executive officer role
Posted: 25/02/20
The European Fund and Asset Management Association (EFAMA) has said that 2019 was a “good year” for the European investment fund industry after a “challenging 2018”
Posted: 25/02/20
Assets under management in Spain’s pension plans remained flat over July, losing €1m and ending the month on €77,268m
Posted: 25/02/20
Dutch fund ABP has invested €250m in Norwegian hydropower, Småkraft
Posted: 24/02/20
Danish pension company PenSam has said that going forward it will measure equity investments against a new climate index, as part of its strategy to support the green transition and reduce its carbon footprint
Posted: 24/02/20
Danish pension provider PenSam made a return of 14.6 per cent before tax on its Fleksion product, which it said is what the majority of its customers invest in
Posted: 24/02/20
The European Insurance and Occupational Pensions Authority (EIOPA) has launched a consultation on the implementation of technical standards for supervisory reporting and cooperation for the pan-European personal pension product (PEPP)
Posted: 24/02/20
The coverage ratio of Dutch pension fund, Pensioenfonds Hoogovens, fell to 107.5 per cent over January, it has revealed
Posted: 21/02/20
More than two fifths (43 per cent) of trustees and pension managers don’t feel equipped to monitor and report on environmental, social and governance (ESG) policy to a high standard, according to new research
Posted: 21/02/20
Sweden’s AP3 fund made a return of SEK 59.5bn in 2019, representing a return of 17.6 per cent after expenses
Posted: 21/02/20
Sweden’s AP4 fund made a return of 21.7 per cent in 2019, equal to SEK 75.2bn, the fund has revealed
Posted: 21/02/20
BAE Systems has agreed to a new deficit recovery plan with The Pensions Regulator after its 31 October 2019 funding valuation revealed a pension deficit of £1.9bn
Posted: 20/02/20
The Finnish financial sector pays earnings-related pension contributions below the national average, according to the Finnish Centre for Pensions (ETK)
Posted: 20/02/20
The Co-operative Pension Scheme (Pace) has completed a £1bn buy-in with the Pensions Insurance Corporation, securing benefits for approximately 7,000 scheme members
Posted: 19/02/20
A report by Aegon has revealed the gender pensions gap that affects countries across Europe
Posted: 19/02/20
Norway’s largest pension provider, KLP, lost NOK 3.5bn (€349m) of pension business in 2019 due municipal reforms in the country
Posted: 19/02/20
A senior DUP MP is “hopeful” that the UK Treasury will be “forthcoming” in funding a pension scheme for victims of the Troubles
Posted: 17/2/20
Nearly half (43 per cent) of Nordic institutional investors are investing in impact strategies, new research has found
Posted: 17/2/20
The UK government plans to launch a consultation on addressing age discrimination identified in the McCloud court case while ensuring members keep all their benefits
Posted: 14/02/20
Public spending on pensions in Ireland is expected to increase by 0.7 per cent of GDP over the decade, according to the OECD
Posted: 14/02/20
Romania’s BT Asset Management S.A.I. (BTAM) and BT Investments have received approval from the country’s Financial Supervisory Authority to acquire 100 per cent of Certinvest Pensii
Posted: 14/02/20
Assets under management (AUM) in cross-border pension plans increased by USD 1.1bn (€1bn) from 2018 to 2019, according to Willis Towers Watson (WTW)
Posted: 13/02/20
Swedish pension provider, Alecta, has delivered its best return in 20 years securing a return of 20.3 per cent for its defined contribution pension product, Alecta Optimal Pension
Posted: 13/02/20
The AIB Group UK Pension Scheme has completed a £1.1bn de-risking transaction with Legal & General (L&G), protecting the benefits of over 1,300 members
Posted: 13/02/20
Ireland's Pensions Authority is adopting a “forward-looking-risk-based approach” to supervision, it has revealed
Posted: 13/02/20
Members of Parliament in the UK have tabled Pension Schemes Bill amendments that include requiring schemes to report their climate change strategies and to introduce a Pension Schemes Commission
Posted: 12/02/20
Irish defined benefit pension liabilities increased by around 10 per cent in 2019 due to lower yields, according to Mercer
Posted: 12/02/20
Mandatory reporting requirements on a company’s sustainability may be the “best solution” over time, Norges Bank Investment Management has stated
Posted: 12/02/20
ABA chair of the board, Dr Georg Thurnes, discusses the challenges facing Germany’s pension system for the decade ahead
Posted: 11/02/20
Spanish insurance company, Caser, has launched three new retirement savings products for savers that are based on age, through its Caser Pensiones arm
Posted: 11/02/20
Swedish buffer fund, AP2, has seen its highest ever return in 2019 with a result of SEK 53bn (€5bn), it has revealed
Posted: 11/02/20
Swedish people have mixed levels of confidence in the country’s premium pension system, according to Skandia
Posted: 11/02/20
AXA UK is to launch a consultation with members of its defined contribution pension scheme on a proposal to close the scheme and transfer to Willis Towers Watson’s Lifesight master trust
Posted: 10/02/20
The UK government is reportedly planning to cut the pension tax relief rate available to high-earning pension savers in its 11 March Budget
Posted: 10/02/20
Global pension assets have seen a “bounce back” rising by 15 per cent in 2019 to USD 46.7trn (€42.6trn), according to Willis Towers Watson’s Thinking Ahead Institute
Posted: 10/02/20
The European Commission’s high-level group of experts on pensions has advocated the use of collective pension plans to ensure risk sharing between members
Posted: 07/02/20
The Swedish Pensions Agency will start its annual mailing campaign of orange envelopes on Monday, 10 February, to 5.9 million pension savers
Posted: 07/02/20
The gender pensions gap amongst European Union (EU) countries narrowed by 4 per cent between 2010 and 2018, according to data from Eurostat
Posted: 07/02/20
Irish managed pension funds made an average return of 0.3 per cent over January, according to Rubicon Investment Consulting
Posted: 07/02/20
Denmark’s largest pension fund, ATP, has revealed it returned DKK 34bn (€4.5bn) in 2019, its “best ever result”
Posted: 06/02/20
Danish pension fund provider, Velliv, made a return of DKK 23bn (€3.1bn) in 2019, its largest return in the company’s 100-year history
Posted: 06/02/20
Danish pension fund for academics, MP Pension, has revealed it is excluding security company G4S from its investments due to “risk of repeated human rights violations”
Posted: 06/02/20
The government in Guernsey has voted in favour of launching a secondary pension system similar to the auto-enrolment (AE) system in the UK
Posted: 06/02/20
Norges Bank has revoked the exclusion of electricity power generator, Drax Group Plc, from the Government Pension Fund Global (GPFG)
Posted: 06/02/20
Global fears surrounding the spread of coronavirus have impacted the funding ratio of Dutch pension funds, according to Aon Netherlands
Posted: 05/02/20
Danish pension fund PFA has said that its student housing project is making progress and will be available from June 2020
Posted: 05/02/20
Pension system architecture within different countries in Europe is a factor of how much income inequality there will be in old age, according to University of Oxford professor, Bernhard Ebbinghaus
Posted: 05/02/20
Dutch pension fund for healthcare, Pensioenfonds Zorg en Welzijn
(PFZW), is to trial a pension fund for the self-employed working in the cultural sector
Posted: 04/02/20
The aggregate defined benefit pension deficit of FTSE 350 companies fell sharply following the UK’s departure from the European Union on 31 January
Posted: 04/02/20
Finland should look to migrant workers in order to support the country’s pension system, according to Finnish Pension Alliance (Tela) managing director, Suvi-Anne Siimes
Posted: 04/02/20
Norges Bank Investment Management (NBIM), which manages the investments of the Government Pension Fund Global (GPFG), supports proposals to shorten the trading hours of the London Stock Exchange (LSE)
Posted: 03/02/20
Dutch pension fund, ABP, is aiming for a climate-neutral investment portfolio by 2050
Posted: 03/02/20
UK Labour MP for East Ham, Stephen Timms, has been named as the new chair of the Work and Pensions Select Committee
Posted: 30/1/20
Ireland’s Labour Party has pledged to keep the country’s state pension age at 66, as it believes older workers and the economy are not ready for longer working lives
Posted: 29/01/20
Swedish defined benefit (DB) pension scheme members, earning under SEK 41,750 a month, that choose to go part time in the run up to retirement can lose up to 8 per cent of their DB pension, according to the Swedish Pensions Agency
Posted: 29/01/20
Lloyds Banking Group pension schemes have agreed a longevity swap deal which covers £10bn of pensioner liabilities
Posted: 29/01/20
Danish pension fund, Industriens Pension, made a return of DKK 20bn (€2.67bn) in 2019, equivalent to a 12 per cent increase
Posted: 28/01/20
France’s Council of State, the country’s highest legal adviser, has raised concerns with the government that it has with the pension reform bill
Posted: 28/01/20
The Department for Work and Pensions (DWP) has confirmed that the UK state pension will be protected by the Withdrawal Agreement in new guidance examining the rights for UK nationals after the UK has left the EU
Posted: 27/1/20
The Irish political party People Before Profit has promised to restore the state pension age back to 65 if it gets into power in the upcoming election
Posted: 27/1/20
The French government’s pension reform bill is today being presented to the Council of Ministers
Posted: 24/01/20
Equity UCITS saw their highest inflows since February 2018, which the European Fund and Asset Management Association (EFAMA) said signals a return of investor confidence
Posted: 24/01/20
Irish political party Fianna Fáil has said it will defer the planned increase to the state pension age until a comprehensive review has been completed
Posted: 24/01/20
The UK's Pensions Minister, Guy Opperman, has warned pension schemes to ensure their data is dashboard-ready and not "just wait for legislation"
Posted: 23/01/20
Danish pension provider PKA has invested DKK 380m in a micro-loan fund aimed at helping people in some of the world’s poorest countries
Posted: 23/01/20
UK Local Government Pension Scheme (LGPS) pooled investment funds are estimated to have saved £155m since their creation in November 2015
Posted: 22/01/20
Swedish pension company, Skandia, is giving back SEK 24bn to customers with traditionally managed insurance or GuaranteePension Plus products, as a result of several years of strong returns
Posted: 22/01/20
Irish political party, Fine Gael, has confirmed its plans to introduce a transition pension for workers who are forced to retire at 66, a year earlier than what the state pension age will be when it is increased to 67 in 2021
Posted: 22/01/20
Governments across the world need to implement a “combination of measures” to ensure the sustainability of their pension systems
Posted: 21/01/20
The number of 'mega deal' de-risking transactions in the UK is expected to decrease in 2020, after 2019 saw the market dominated by a small number of large transactions, according to Willis Towers Watson
Posted: 21/01/20
Eighty-eight per cent of Irish adults favour owning a private pension in addition to the state pension, according to Standard Life
Posted: 21/01/20
Pension fund assets are set to grow at a Compound Annual Growth Rate of 5.4 per cent between 2018 and 2025, according to a new report by the Association of Luxembourg Fund Industry has found
Posted: 20/01/20
KPA Pension, part of Folksam Group, has invested a total of SEK 450m (€42.6m) in a green forest fund, it has revealed
Posted: 20/01/20
The state pension age has become a big issue in Ireland’s upcoming General Election, with the main political parties all taking diverging paths on the policy
Posted: 20/01/20
The Irish Pensions Authority has successfully prosecuted Rock Solution Options Ltd, as it failed to comply with a request for information made by the authority
Posted: 17/01/20
Romania’s second pillar pension system achieved an average return of 11.8 per cent in 2019, its best performance in nine years, the Association of Private Pension Managers in Romania (APAPR) said
Posted: 17/01/20
More than 630,000 Swiss pension pots with around CHF 3bn (€2.8bn) worth of assets are currently left dormant in Switzerland, according to deVere Group
Posted: 17/01/20
The Treasury is preparing to give tax relief to those earning more than £110,000 in an attempt to solve the NHS pensions crisis
Posted: 16/01/20
The Credit Suisse pension index increased by 2.08 per cent in the fourth quarter of 2019, equivalent to 3.79 points
Posted: 16/01/20
Investors are expecting an increase in the level of investment from pension funds in long income property over the next two years, research from Alpha has revealed
Posted: 15/01/20
Finnish people are now able to calculate the impact family leave has on their future pension, as the Finnish Centre for Pensions launches a new calculator aimed to tackle the gender pensions gap
Posted: 15/01/20
Momentum Pensions Group has hired Susan Brooks as its new managing director for its international business incorporating Malta, Gibraltar and Isle of Man into operations
Posted: 15/01/20
Former Renault chairman and CEO, Carlos Ghosn, is reportedly suing the car manufacturer over a €250,000 pension payment
Posted: 14/01/20
The UK's Investment Association (IA) has issued a ‘red-top’ to WH Smith after it revealed its chief executive, Carl Cowling, is receiving a pension contribution of 12.5 per cent of his salary
Posted: 14/01/20
A new law detailing the provision of occupational pension schemes will come into force on 7 February 2020 in Romania, according to local daily newspaper Adevarul
Posted: 14/01/20
The Swedish Investment Fund Association has criticised the government’s plans to shake-up the premium pension system by prioritising index funds over actively managed funds
Posted: 13/01/20
Danish pension provider, MP Pension, returned 15 per cent in 2019, equal to DKK 16.4bn (€2.2bn), it has revealed
Posted: 13/01/20
French Prime Minister Edouard Philippe has backed down on plans to increase the age at which French citizens become eligible for a full pension, following strikes and protests against the changes
Posted: 13/01/20
Finnish pension insurance company Veritas has appointed Kari Vatanen as its new chief investment office, who joins from Varma Mutual Pension Insurance Company
Posted: 10/01/20
The French government has shared a draft of its pension reform bill with trade unions and social partners, according to a report by AFP
Posted: 10/01/20
Länsförsäkringar savers’ interest in Swedish funds, and hedge funds, dropped in 2019, the pension provider has said
Posted: 10/01/20
Swedish pension provider Länsförsäkringar Fondliv has appointed Mathias Collén as its new CEO
Posted: 10/01/20
Almost a third (30 per cent) of investment managers are still not considering environmental, social and governance (ESG) factors across all asset classes, LCP’s has revealed
Posted: 09/01/20
France’s pension reform bill is to be presented to the Council of Ministers on 24 January, the government has revealed
Posted: 09/01/20
Register now for the 2020 Sustainable Investment Summit, a one-day event that brings together experts in the field of sustainable investment
Posted: 09/01/20
A bill put forward by Ireland’s Sinn Féin party to prevent the upcoming state pension age increases is to be debated in the Dáil in the coming weeks
Posted: 08/01/20
Swedish municipal employees enrolled in either the KAP-KL or AKAP-KL pension schemes are now able to choose Länsförsäkringar as their provider
Posted: 08/01/20
Alliance Bernstein (AB) has hired Alexander Hoffmann as head of its global financial intermediaries and Markus Rottler as director, sales in DACH (Germany, Austria and Switzerland)
Posted: 08/01/20
The Danish pension sector has purchased €17.26bn (DKK 129bn) in foreign bonds since January 2018
Posted: 08/01/20
Irish managed pension funds ended the decade on a high as 2019 saw funds average returns of 20.6 per cent over the year, the best year since 2009
Posted: 07/01/20
Sweden’s AP1 fund has revised its return target for the decade due to low return expectations for most asset classes over the next 10 years
Posted: 07/01/20
The combined deficit of private sector defined benefit schemes belonging to UK FTSE 350 companies ended the year at £40bn, which was £1bn less than the end of 2018
Posted: 07/01/20
Six in 10 Irish workers had pension coverage in Q3 of 2019, an increase of three percentage points on the same period in 2018, according to the country’s Central Statistics Office
Posted: 06/01/20
French Prime Minister Edouard Philippe is set to resume talks with trade union leaders on Tuesday (7 January) on the country’s proposed pension reforms
Posted: 06/01/20
As 2019 draws to a close, European Pensions takes a look back at some of the biggest and most read stories from the year
Posted: 23/12/19
Net sales of UCITS and alternative investment funds (AIFs) reached €43bn in October, according to the European Fund and Asset Management Association (EFAMA)
Posted: 23/12/19
Danish pension provider, PKA, is to build 2,600 serviced senior housing in a partnership with English-based company, Audley Group
Posted: 23/12/19
One in 10 Finnish pensioners aged between 63-67 continue to work in retirement, according to research by the Finnish Centre for Pensions (ETK)
Posted: 23/12/19
Europe’s public sector pension funds have adopted environmental, social and governance (ESG) principles, the European Association of Public Sector Pension Institutions (EAPSPI) has revealed
Posted: 19/12/19
Norges Bank Investment Management (NBIM), on behalf of the Government Pension Fund Global (GPFG), has signed an agreement to sell two office buildings in Munich
Posted: 20/12/19
The Association of the Luxembourg Fund Industry (Alfi) has revealed that pensions is one of its four areas of priority for 2020
Posted: 19/12/19
The European Court of Justice (ECJ) has ruled that pension lifeboat funds do not have to pay 100 per cent of member benefits
Posted: 19/12/19
The European Parliament has approved an updated version of the EU sustainable investment deal which was agreed by member states earlier this week
Posted: 18/12/19
The proposed changes to the French pension system would increase the inequalities between poorer and wealthier citizens, according to Paris 8 University professor of political science, Éric Fassin
Posted: 18/12/19
European pension schemes are at risk of large shortfalls in the event of adverse market scenarios, the European Insurance and Occupational Pensions Authority (EIOPA) has revealed
Posted: 18/12/19
Registration is now open for the 2020 Sustainable Investment Summit, a one-day event that brings together experts in the field of sustainable investment
Posted: 17/12/19
Estonian opposition MPs in the Reform Party have made 739 proposed amendments to the government’s pension bill, which plans to make the mandatory second pension voluntary
Posted: 17/12/19
Jean-Paul Delevoye, the man behind France’s pension reform plans, has resigned from his role as high commissioner due to taking on outside work
Posted: 17/12/19
The president of the Danish Trade Union Federation (FH) has criticised the decision to award pension provider, ATP, the job of administering the country’s new senior pension
Posted: 17/12/19
Dutch pension investment giant APG has entered into a joint venture with London Central Portfolio (LCP) to invest in a series of hotels in London
Posted: 16/12/19
Sweden’s AP7 has added four new companies to its investment blacklist, including a trio of firms involved in nuclear weapons
Posted: 16/12/19
The Danish government and pension sector representatives have joined forces to support an international campaign to get more investment into assets supporting the green transition
Posted: 16/12/19
Paris-based asset manager TOBAM has announced the launch of its Anti-Benchmark Switzerland Equity Strategy, following its launch in August 2019 with CHF75m of seed investment from a Swiss pension fund
Posted: 13/12/19
Danish pension provider Velliv has announced it is now 100 per cent owned by its customers after its holding company Velliv Foreningen (Velliv Association) purchased the remaining shares in the company from financial group Nordea
Posted: 13/12/19
Environmental pressure group Fossielvrij NL has claimed that Pensioenfonds Zorg en Welzijn (PFZW), the Dutch pension fund for the care and welfare sector, has increased its investments in the fossil fuel industry, despite a promise in 2015 to divest
Posted: 13/12/19
Centric, a Dutch IT company, is in talks with pensions administration company AGH with a view to completing a takeover in 2020
Posted: 12/12/19
Swedish pension investment provider SPP Funds has announced a plan to make its entire fund range fossil-free
Posted: 12/12/19
APG, the Netherlands’ largest pension fund investor, has acquired a 64 per cent stake in a German North Sea wind farm for an undisclosed sum
Posted: 12/12/19
Danish pension fund PFA has entered into an agreement with the South Korean pension fund The Public Official Benefit Association (POBA) and pan-European real estate investment manager Patrizia to purchase a portfolio of modern logistics properties across Europe
Posted: 11/12/19
The aggregate value of insurance and pension companies’ balance sheets was more than 200 per cent of Denmark’s gross domestic product at the end of the third quarter of 2019, according to new quarterly statistics published by the Danish central bank
Posted: 11/12/19
Germany’s largest public pension scheme Bayerische Versorgungskammer (BVK) has acquired a retail portfolio in Switzerland from a family office via Universal-Investment
Posted: 11/12/19
Defined contribution (DC) pensions should pay more heed to the decumulation phase after retirement and provide appropriate solutions, as people continue to live longer and countries cut back on “first pillar” pension provision, a new PensionsEurope paper has concluded
Posted: 10/12/19
Finnish pension company Varma has developed an exchange-traded fund (ETF), together with Legal & General Investment Management (LGIM) and index investment company Foxberry, which allocates to US equities and takes sustainability criteria into account
Posted: 10/12/19
Swedish pension buffer fund AP1 has announced its plans to switch to internal passive or systematic management as part of a number of changes to its equity strategies.

The changes come after Första AP-fonden carried out an analysis and evaluation of all its equity strategies during the spring and autumn of this year and found that, in some cases, the return targets had not been achieved
Posted: 10/12/19
APG, the Netherlands’ largest pension fund investor, has teamed up with property specialist Delancey to buy land for development in the Earl’s Court area of London
Posted: 9/12/19
KLP, Norway’s largest pension fund, has removed G4S from its investment universe and portfolio, citing the risk of human rights violations
Posted: 9/12/19
Swedish pension buffer fund AP1 has announced that its head of equities Olof Jonasson has left the organisation after it emerged he breached trading rules.

It is the second major staff departure connected to trading rule breaches after former CEO Johan Magnusson was dismissed in September
Posted: 9/12/19
Danish pension provider, Sampension, has invested DKK 300m (€40m) in green bonds from Ireland and Germany
Posted: 06/12/19
Irish managed pension funds returned 2.6 per cent over the month of November, according to Rubicon Investment Consulting
Posted: 06/12/19
The Swedish arm of Danica Pension, which was sold by Danske Bank last year, is to change its name to Futur Pension on 10 February 2020, it has been reported
Posted: 06/12/19
French citizens across the country have begun strike action today, 5 December, against the government’s planned pension reforms
Posted: 05/12/19
Smart Pension and Revolut have joined forces to provide a retirement savings solution for business customers across Europe
Posted: 05/12/19
Germany energy provider, Innogy, has transferred its employees to Willis Towers Watson’s (WTW) Pensionsfonds AG multi-employer scheme
Posted: 04/12/19
The deficit of UK defined benefit (DB) pension schemes dropped from £220bn to £190bn during November, bringing it to its lowest point since May, according to the latest PwC Skyval Index
Posted: 04/12/19
Eighty-three per cent of institutional investors believe there will be global downturn within the next five years, research has found
Posted: 04/12/19
Pension funds will be able to benefit from a new research initiative that provides a platform for European institutional asset owners to share intelligence and insights on their asset allocation activity and expected future investment intentions
Posted: 04/12/19
The Finnish government is planning on merging the country’s private and public pension systems
Posted: 04/12/19
Norges Bank Investment Management (NBIM) has revoked the exclusion of Petroleo Brasileiro SA (Petrobras) on behalf of the country’s Government Pension Fund Global (GPFG)
Posted: 03/12/19
Unilever has announced a number of proposals for the defined benefit section of its UK hybrid scheme, including the introduction of a ‘benefits envelope’ for all employers
Posted: 03/12/19
Aon will no longer offer clients in the Netherlands the option to transfer to its cross-border pensions solution, United Pensions, due to the country’s implementation of the European Union’s (EU) IORP II Directive
Posted: 03/12/19
The ageing demographic across Europe is a “driving force” of low interest rates, according to the European Central Bank’s member of the executive board, Philip Lane
Posted: 02/12/19
Fourteen per cent of Europe’s pension funds will invest more in direct lending in the next two years, according to Cerulli Associates
Posted: 02/12/19
The traditional insurance funds of Sweden’s premium pension is now fossil free, after it began divesting from companies in 2016
Posted: 02/12/19
Pension funds across Europe expect to go into the next recession with their finances weaker than ever, according to a report by Amundi Asset Management
Posted: 02/12/19
The Swiss asset management industry believes that negative interest rates, which is having a detrimental impact on pension funds, are likely to last until 2022
Posted: 29/11/19
Norges Bank Investment Management (NBIM) has highlighted the challenge of analysing the climate risk of its investments due to the limited availability of high-quality and relevant data
Posted: 29/11/19
Almost half of British people (47 per cent) are not interested in introducing a Dutch-style collective defined contribution scheme (CDC) to the UK, according to research by LCP
Posted: 29/11/19
The French Prime Minister Edouard Philippe has said the government still intends to push ahead with its planned pension reform to switch to a universal system but it will “take the time” it needs to get there
Posted: 28/11/19
Negotiations for the implementation of a social security agreement between Finland and Japan, held at both the Finnish Centre for Pensions and the Ministry of Social Affairs and Health, have entered final stages this week
Posted: 28/11/19
Germany’s public pension expenditure is projected to increase to 12.5 per cent of gross domestic product (GDP) by 2060, up from 10 per cent today, according to the OECD
Posted: 28/11/19
Schroders has appointed Frederik Eritsian-Hansen as client director, to help spearhead the firm’s growth strategy in Denmark
Posted: 27/11/19
The OECD has warned governments to “urgently reform their pension systems” to ensure that the increasing numbers of workers in temporary or part-time employment can contribute enough during their working lives to receive an adequate income in retirement
Posted: 27/11/19
The asset management industry is being warned that as climate change becomes an “increasing priority” pension funds around the world will likely require their own asset managers to demonstrate recognition of the issue
Posted: 27/11/19
Pension Danmark has entered into a partnership with the Ballerup Municipality to develop a sustainable urban and commercial area in Kildedal, Denmark, which will include the construction of 1,000 homes
Posted: 27/11/19
Spain should equalise the pension contributions of the self-employed and employed in order to improve the pension prospects of the self-employed, according to the OECD
Posted: 27/11/19
The Romanian government should reconsider the scope and timetable of the country’s pension reform to reduce its fiscal deficit, according to the OECD
Posted: 26/11/19
A major increase in immigration, or an equivalent reduction in migration, would ease the pressure on Finnish pension finances, according to the Finnish Centre for Pensions (ETK)
Posted: 26/11/19
Dutch pension fund PGGM and Shell have lost out on a bid for sustainable energy provider, Eneco, to a Japanese consortium led by Mitsubishi
Posted: 26/11/19
European pension funds and sovereign wealth funds investing in emerging markets are driving up environmental, social and governance standards in the countries, according to a report
Posted: 26/11/19
The European Pensions Awards 2020 are now open for entries
Posted: 25/11/19
German fund industry association, BVI, has presented a plan to simplify Riester pension schemes, the country’s voluntary private pension schemes
Posted: 25/11/19
Norges Bank Investment Management (NBIM), on behalf of the Government Pension Fund Global (GPFG) has acquired a 45 per cent share in a US real estate portfolio for US$896m (€813.6m)
Posted: 25/11/19
NHS England has confirmed an emergency plan to allow pension tax bills incurred by doctors to be paid through the ‘scheme pays’ option, in an open letter sent to leaders of the British Medical Association, Unison and a range of Royal Colleges
Posted: 22/11/19
The Swedish government has submitted its proposals to change the investment rules of the first four AP funds to the Law Council
Posted: 22/11/19
The winners of the eighth annual Irish Pensions Awards were announced on Wednesday night at the highly anticipated annual gala dinner in the ballroom of the stunning five star Shelbourne Hotel in Dublin
Posted: 22/11/19
Bulgarian pensioners below the poverty line are to receive an additional BGN 40 (€20) to their pension benefits in December as part of the government's pension policy
Posted: 20/11/19
Two of Denmark's largest pension providers, ATP and PFA, have hired margin specialist, OpenGamma, to optimise derivatives for Danish pension schemes in preparation for new rules
Posted: 20/11/19
Millions of Dutch pensioners will avoid the potential cuts to their retirement income next year as the government has agreed to give pension schemes another year to cope with funding issues
Posted: 19/11/19
The Dutch Association of Investors for Sustainable Development (VBDO) has revealed that Pensioenfonds ABP scored highest in its responsible investment policy survey of Dutch pension schemes
Posted: 19/11/19
The Finnish Ministry of Social Affairs and Health has confirmed the life expectancy coefficient for those whose pension starts in 2020 or later will be 0.95404
Posted: 18/11/19
European Organization for Nuclear Research (CERN) Pension Fund has reappointed Buck as its scheme actuary for another four years
Posted: 18/11/19
The Dutch government is expected to take action this week to try and avoid a potential pension crisis as the nation’s pensioners face retirement cuts for the first time in 2020
Posted: 18/11/19
Urgent action is needed to address the possibility of a global pensions crisis as life expectancy increases have not been matched by pension policy, according to Group of Thirty (G30)
Posted: 15/11/19
Pension providers in Europe have been encouraged to enter the multi-employer cross-border pensions market by a panel of sponsoring employers and pension fund managers
Posted: 15/11/19
Two fifths (40 per cent) of Swiss workers between the ages of 50 and 64 want to continue working beyond retirement age, research from Deloitte has revealed
Posted: 15/11/19
The European Insurance and Occupational Pensions Authority (EIOPA) could revisit a defined contribution cross-border pension product in the future if there is “demand and appetite” for such a product, its executive director, Fausto Parente, hinted
Posted: 14/11/19
Norges Bank Investment Management (NBIM) has excluded the company G4S from the Government Pension Fund Global (GPFG) due to the ‘unacceptable risk’ that the company contributes, to or is responsible for, serious or systematic human rights violations
Posted: 14/11/19
The French Public Service Additional Pension Scheme (ERAFP) has announced that it is aligning its socially responsible investing (SRI) policy with the objectives of the Paris Agreement
Posted: 14/11/19
Folksam, KPA and SPP have been named as the leading pension companies for responsible and sustainable investments in Sweden
Posted: 08/11/19
The average amount of money a pension scam victim in the UK loses is the equivalent to losing 22 years’ worth of savings in 24 hours
Posted: 08/11/19
Forty-seven per cent of French citizens are not in favour of the government’s planned pension reforms, according to a poll conducted by Elabe
Posted: 08/11/19
Romanian savers’ enquiries to a pension information website about pillar II pensions has increased by 145 per cent year-on-year, according to the country’s Financial Supervisory Authority (ASF)
Posted: 07/11/19
A week before their annual event, Francesco Briganti, secretary general of the Cross Border Benefits Alliance – Europe, talks to European Pensions about the huge strides the association is taking in the fight for cross-border freedom
Posted: 07/11/19
Irish managed pension funds suffered average losses of 0.1 per cent over the month of October, according to Rubicon Investment Consulting
Posted: 07/11/19
The Polish government has approved a pension reform that will see all state-guaranteed private pension funds transferred to individual retirement accounts, according to a report by Reuters
Posted: 07/11/19
Danish pension provider ATP has appointed Mikkel Svenstrup as its new chief investment officer for the DKK 900bn fund
Posted: 06/11/19
The director general of Sweden’s financial supervisory authority, Finansinspektionen, has highlighted the risks of the current negative interest rate environment on occupational pension providers
Posted: 06/11/19
The Bank of Estonia (Eesti Pank) has published further analysis of the country’s planned pension reforms, which involves making the second pillar non-compulsory
Posted: 06/11/19
Three quarters of employers believe that the current pension tax structure is too complicated and needs simplification, according to the Association of Consulting Actuaries (ACA)
Posted: 05/11/19
Net sales of UCITS and alternative investment funds (AIFs) totalled €69bn in August, lower than the €94bn recorded in July, according to the European Fund and Asset Management Association (EFAMA)
Posted: 05/11/19
Italian pension fund for the trade, tourism and service workers pension fund, Fon.Te, has awarded Payden and Rygel a €230m mandate
Posted: 05/11/19
The pension deficit for FTSE 350 firms decreased by £9bn in October to £41bn in a volatile month, Mercer has revealed
Posted: 04/11/19
A report into Sweden’s premium pension system has concluded that the system does need to be reformed and its proposals should be implemented no later than December 2023
Posted: 04/11/19
Romania’s seven mandatory private pension fund managers returned RON 147.5m (€31m) in the first half of 2019, according to data compiled by Profit.ro
Posted: 04/11/19
The Swiss National Bank (SNB) has ruled out altering its negative interest rate policy or supporting the country’s ailing pension funds with cash injections
Posted: 01/11/19
Finland’s decision in 2017 to raise its state pension age has not had a significant impact on people claiming ill-health retirement benefits, according to the Finnish Centre for Pensions (ETK)
Posted: 01/11/19
The Estonian government has published its plans for pension reform, which involve removing the mandatory status of the second pillar
Posted: 01/11/19
Belgian financial services group KBC is to launch a multi-employer pension fund in January
Posted: 31/10/19
Ireland has taken a major step towards introducing its long-awaited auto-enrolment pension system with the publication of its proposed design for the regime
Posted: 31/10/19
Germany’s financial regulator has urged major asset owners to protest against the European Central Bank’s (ECB) ultra-low interest rate policy
Posted: 31/10/19
Total global retirement assets declined in 2018, according to the OECD, on the back of weak equity markets in the fourth quarter of the year
Posted: 30/10/19
The outlook for global inflation has reached a “worryingly low level” as economic growth has fallen, according to the CIO of one of Finland’s biggest pension providers
Posted: 30/10/19
Yngve Slyngstad, the chief executive of Norges Bank Investment Management (NBIM), has announced his intention to step down from his role overseeing Norway’s NOK 10trn (€976bn) Government Pension Fund Global (GPFG)
Posted: 30/10/19
Dutch transport sector pension fund Vervoer’s coverage ratio fell below 100 per cent during the third quarter of 2019 as interest rates continued to hurt the Netherlands’ retirement system
Posted: 29/10/19
Swedish pension provider AMF reported a 10.2 per cent investment return in the first three quarters of 2019, according to an interim report
Posted: 29/10/19
Sweden’s biggest pension fund Alecta has invested SEK6.2bn (€574m) in residential real estate firm Heimstaden Bostad
Posted: 29/10/19
Finland’s largest pension fund Keva posted a 9.6% return for the first nine months of 2019, according to its latest results statement
Posted: 28/10/19
The €1.5bn pension fund for the Dutch agriculture and food supply trade (AVH) is in talks with multi-sector scheme PGB with a view to merging next year
Posted: 28/10/19
The Netherlands’ largest pension fund is to acquire a 39 per cent stake in a leading provider of car parking facilities
Posted: 28/10/19
Low birth rates in Finland will cause a “pronounced pressure” on the pension contribution rate in the long term, according to the Finnish Centre for Pensions
Posted: 25/10/19
The Swedish Pensions Authority has blasted a second firm for making false claims about a collaboration is has with the authority
Posted: 25/10/19
The Swedish government’s proposals for the upcoming occupational pensions bill are “weakening the Swedish model”, according to the Alliance parties
Posted: 25/10/19
Norway’s Government Pension Fund Global (GPFG) has reached a value of NOK 10,000bn, Norges Bank Investment Management (NBIM) has revealed
Posted: 25/10/19
The latest mandates and news in brief from the past week
Posted: 24/10/19
The updated UK Stewardship Code will require pension schemes to declare whether they have taken environmental, social and governance (ESG) factors into account when investing member funds
Posted: 24/10/19
Danish pension provider, ATP, which is the biggest provider in the country, has achieved its highest ever return of DKK 36.9bn in the first three quarters of 2019
Posted: 24/10/19
Swedish pension provider Alecta has revealed that its defined benefit plan returned 10.6 per cent in the first three quarters of 2019
Posted: 23/10/19
Former workers of Ireland’s state-owned electricity provider, ESB, are intending to protest outside the Dáil today, 23 October, urging the government to remove the 10-year freeze on pension increases
Posted: 23/10/19
Norges Bank Investment Management (NBIM), which looks after the Government Pension Fund Global (GPFG), has welcomed a proposal by the Securities and Exchange Commission (SEC) to include human capital resources as a disclosure requirement
Posted: 23/10/19
Belgians are collectively practicing “the politics of the ostrich” when it comes to financial planning for retirement, according to NN Insurance Belgium CEO Jan Van Autreve
Posted: 23/10/19
Around half a million Greek pensioners are set to get an average increase of €52.2 per month, according to a report Ekathimerini.com
Posted: 22/10/19
An increase in pension premiums and one-off supplements could leave Hungarian retirees Ft 30,000 (€100) better off in November, according to its Ministry of Human Resources
Posted: 22/10/19
An additional 64 institutional investors have filed lawsuits against Danske Bank A/S asserting fraud claims against the bank tied to the bank’s money laundering scandal
Posted: 22/10/19
The volume of assets placed in Swiss investment funds increased by 1 per cent (CHF 12bn) in September, ending the month on CHF 1,181.3bn, according to data compiled by Swiss Fund Data AG and Morningstar
Posted: 22/10/19
The French public sector additional pension fund, ERAFP, has launched a call for tender to renew its convertible bond management mandates
Posted: 22/10/19
The financial position of Dutch pension funds deteriorated further in the third quarter of 2019 with 70 funds now below the 104.2 per cent statutory minimum funding ratio, according to De Nederlandsche Bank
Posted: 22/10/19
The UK's Financial Conduct Authority (FCA) has called on pensions policy to be simplified for consumers due to the overly complex nature of defined contribution schemes
Posted: 21/10/19
Germany’s social partner model, a new defined contribution type of pension, has lift off as insurance company Talanx AG and trade union Vereinte Dienstleistungsgewerkschaft (Ver.Di) reached an agreement in their negotiations to establish the first social partner model pension in the country
Posted: 21/10/19
Every European country to feature in the latest Melbourne Mercer Global Pension Index received a minimum of a C grade, with Denmark and the Netherlands taking the top spot achieving an A grade
Posted: 21/10/19
Norges Bank Investment Management (NBIM), which looks after the Government Pension Fund Global (GPFG), has acquired a 50 per cent share in a UK logistics property for £35.1m
Posted: 21/10/19
An escalation in conflicts between superpowers is considered the greatest risk to the global economy over the next five years, according to a poll of PLSA Annual Conference attendees
Posted: 18/10/19
The UK's Pensions Minister Guy Opperman has called on pension schemes to act now on equalising guaranteed minimum pensions (GMP) payments
Posted: 18/10/19
In 10 year’s time “you will not find any defined benefit systems” in the Netherlands, Dutch Federation of Pension Funds head of Brussels office and special adviser to the board, Theo Langejan, has said
Posted: 18/10/19
The Estonian coalition government has said that it aims to pass its pension reform bill before Christmas
Posted: 17/10/19
Dutch pension fund, ABP, has said it will be very likely reducing pensions in 2020 and the years beyond
Posted: 17/10/19
State Street Global Advisor’s latest Brexometer research has found that 71 per cent of global institutional investors expect a Brexit deal to have a positive impact on global markets
Posted: 17/10/19
A committee of experts in Greece are to recommend that the country adopts a new funded auxiliary social security scheme from 2021, according to a report by Ekathimerini
Posted: 16/10/19
The Swedish Pensions Authority has blasted Livia Pension for lying about a partnership it has with the authority
Posted: 16/10/19
The Italian government has submitted its budget plans to the European Commission which contained changes to its pensions system
Posted: 16/10/19
Pensioenfonds ING has selected Robeco as a partner in its sustainable investments policy
Posted: 15/10/19
Norges Bank Investment Management (NBIM), which is responsible for the investments of the Government Pension Fund Global (GPFG), has raised concerns over the Principles for Responsible Investment’s (PRI) focus on enabling real world impact
Posted: 15/10/19
The Bank of Estonia has said that plans by the government to make the country’s second pillar pension system voluntary would not benefit pensioners in the long term
Posted: 15/10/19
Global institutional investors will nearly triple their divestments from fossil fuels in the next decade, according to Octopus Group
Posted: 14/10/19
The Swedish Pension Authority has said it will use an increased budget to recruit around 70 new employees
Posted: 14/10/19
Falco Valkenburg has been appointed as chairperson by the Actuarial Association of Europe (AAE), and will remain in the position until October 2020
Posted: 14/10/19
The Danish Financial Supervisory Authority (FSA) has warned pension schemes in Denmark that their investments into sustainable energy must not sacrifice returns
Posted: 11/10/19
A former Prime Minister of Sweden, Göran Persson, has said that more money must be added to the country’s pension system
Posted: 11/10/19
Sweden’s KPA Pension has become the first company to become an LGBT-certified company in the country's pension sector
Posted: 11/10/19
Finland is lowering the private-sector-earnings-related pension contribution for employers in 2020, whilst increasing the contribution for members
Posted: 11/09/19
Denmark’s PKA has appointed PFA’s Jon Johnsen as its new CEO, it has revealed
Posted: 11/10/19
The UK's HMRC has estimated that the total income tax relief on pension contributions will be £21.2bn in 2019/20
Posted: 10/10/19
Denmark’s Sampension has hired Mads Smith Hansen as its new chief operating officer, and member of its executive board for Sampension Livsforsikring A / S and Sampension Administration Company A / S
Posted: 10/10/19
Ireland’s Ombudsman, Peter Tyndall, has resolved a pension complaint from three Irish nuns’ by using his European connections
Posted: 10/10/19
The Church of England (CoE) has raised concerns over proxy voting advisers ISS and Glass Lewis’ decision to not recommend support to the pension board’s co-filed shareholder resolution against BHP
Posted: 09/10/19
The UK's Financial Ombudsman Service (FOS) has seen complaints relating to defined benefit transfers rise by 44 per cent in the year 2018/19
Posted: 09/10/19
Several Danish pension funds, along with Navigare Capital Partners, have united to establish a maritime fund
Posted: 09/10/19
Net cash flows in the Swiss pension funds market are expected to fall by around €18.05bn (CHF 20bn) over the next 25 years, according to Credit Suisse
Posted: 09/10/19
The retirement provision system in Switzerland “urgently needs to be reformed” to secure its sustainability for the long term, according to Credit Suisse
Posted: 09/10/19
The European Union is set to launch a pension tracing service in 2021 for mobile workers, which will be available in at least five member states
Posted: 08/10/19
Sixty-four per cent of Swedes think it is good to be able to choose some investment funds themselves for their pension, according to the Swedish Investment Fund Association
Posted: 08/10/19
Assets under management in Romania’s private pension system increased by €2.5bn year-on-year, according to the country’s Financial Supervisory Authority (ASF)
Posted: 08/10/19
Norges Bank Investment Management (NBIM) has said it will consider more private equity investments for the country’s Government Pension Fund Global (GPFG) due to the changing market dynamic
Posted: 08/10/19
Norway’s largest pension provider KLP has committed to divesting from oil sands amounting to around €52.8m
Posted: 08/10/19
The majority of Danish pension funds are considering the Paris Agreement in their investment policies, according to a report by World Wide Fund for Nature (WWF)
Posted: 08/10/19
The UK's Work and Pensions Committee chair Frank Field has called for the government to include defined benefit superfund legislation in the upcoming Pensions Bill
Posted: 07/10/19
The way pension liabilities are currently calculated “could cause a negative spiral” that forces funds to keep buying low-risk assets, drive yields lower and liabilities higher, according to one expert
Posted: 07/10/19
Sweden’s pensions agency, Pensionsmyndigheten, has filed a lawsuit against the company Advisor Fondförvaltning AB for missing invoice payments amounting to SEK 10m
Posted: 07/10/19
The European Commission’s plan for a Pan-European Personal Pension Product will be an “excellent tool” to help citizens save more for retirement and build on the income provided by state pensions, according to the Association of Luxembourg Fund Industry (Alfi)
Posted: 07/10/19
Irish managed pension funds increased by 2.4 per cent in September, according to Rubicon Investment Consulting
Posted: 04/10/19
Plan sponsors in the Netherlands believe 48 per cent of members will be able to afford their current lifestyle in retirement whereas members believe just 12 per cent of their peers will be able to upkeep their lifestyle, according to a new report
Posted: 04/10/19
The Irish Association of Pension Funds has called for the government to create a Pensions Minister position
Posted: 04/10/19
Denmark’s Industriens Pension has appointed Søren Tang Kristensen as its new real estate investment manager
Posted: 03/10/19
Denmark’s MP Pension now has around DKK 7.2bn invested in green and climate-friendly investments, and it aims to invest DKK 12bn by 2022
Posted: 03/10/19
The British High Court has sided with the government and dismissed the Backto60 claim, which stipulated that rises to the state pension age in the UK for women born in the 1950s were discriminatory
Posted: 03/10/19
Corporate pensions are leading the way for policy development on responsible investment (RI) globally, as the number of pensions with policies reached 46 per cent in 2019, according to Aon
Posted: 03/10/19
The FTSE 350’s collective pension deficit decreased by £17bn in September in a volatile month for pension valuations
Posted: 02/10/19
Danish pension provider, PKA, has won two tenders to provide the pensions for employees of retail chains Neye and Synoptik
Posted: 02/10/19
The Second Swedish National Pension Fund (AP2) has revealed it has adopted “special measures” for external asset managers that invest in companies or regions where there is a high risk to human rights infringement
Posted: 02/10/19
Norges Bank Investment Management, which looks after the investments of Norway’s Government Pension Fund Global (GPFG), has suggested to the government the need for a long phase-out plan for several energy stocks it plans to divest from
Posted: 02/10/19
The net sales of UCITS and alternative investment funds (AIF) totalled €94bn in July 2019, reaching an 18-month high, the European Fund and Asset Management Association (EFAMA) has said
Posted: 02/10/19
The Actuarial Association of Europe (AEE) has appointed Cecilia Thorn as its new chief executive, replacing Ad Kok
Posted: 01/10/19
One in five Finnish retirees living in rural areas are classed as being on a low income, compared to one in 10 living in urban areas, according to research by the Finnish Centre for Pensions
Posted: 01/10/19
There is still time to book your table and join us at the Irish Pensions Awards
Posted: 01/10/19
Raising the minimum retirement age in Ireland will not build sustainable jobs, according to an expert at The Economic and Social Research Institute (ESRI)
Posted: 01/10/19
Irish women could retire with a pension pot €120,000 smaller than men due to the gender pension gap, according to research by Irish Life
Posted: 01/10/19
The Cardano Group has completed its acquisition of Now Pensions from Danish pension fund Arbejdsmarkedets Tillaegspension (ATP)
Posted: 30/09/19
Danish pension provider PKA has received approval from the Danish Financial Supervisory Authority to invite new investors for its private equity arm PKA AIP, which has also changed its name to Institutional Investment Partners Denmark (IIP Denmark)
Posted: 30/09/19
Occupational pensions across the European Union are years behind statutory pensions, an expert on the European Commission’s (EC) High Level Group on Pensions has claimed
Posted: 30/09/19
A lack of trust in Central and Eastern European (CEE) countries’ governments by citizens is a “major challenge” for pension reform, according to an academic
Posted: 30/09/19
India’s transition from burning fossil fuels to creating sustainable energy is a potential winner for investment returns and the environment, according to one of Europe’s largest investors
Posted: 27/09/19
Blockchain, or distributed ledger technology (DLT), has not yet made the necessary strides to streamline wholesale pension fund administration, according to a report from the Netherlands
Posted: 27/09/19
Investors have a “limited opportunity” to pick consistently outperforming active equity managers, according to the European financial regulator
Posted: 27/09/19
Swedish pension funds and other institutional investors have ramped up efforts to use their financial might to fight climate change and improve the world around them
Posted: 26/09/19
One of France’s largest investors has added its support to an initiative that aims to stop funding tobacco
Posted: 26/09/19
European pension fund investors have identified diversification of asset classes and geography as key to their long-term sustainability, according to a survey of the group
Posted: 26/09/19
The former head of Danske Bank in Estonia, which is facing lawsuits from pension funds, has been found dead after being reported missing on Monday
Posted: 25/09/19
Denmark has been ranked the most resilient of 20 major global economies to the threats posed by ageing and workplace automation, according to a global study
Posted: 25/09/19
The French public pension fund, Fonds de Reserve pour les Retraites (FRR), has launched a search for one or two currency overlay managers
Posted: 25/09/19
The number of Irish women working in the private sector with a pension has increased by 40 per cent over the past year, according to research by Standard Life Ireland
Posted: 25/09/19
A slight majority of European institutional investors consider allocating capital according to sustainability criteria drags on returns – but many are prepared to take the hit
Posted: 25/09/19
A group representing Dutch pension funds has warned its members will either have to hike contributions or reduce payments, as a long-running dispute about the country’s retirement provision continues
Posted: 25/09/19
Commuters and travellers across Paris are facing a second day of disturbance in less than two weeks as members of transport unions have walked out in a dispute over pensions
Posted: 25/09/19
The Danish pension sector has committed $50bn to green investments, to help the country become a world leader on slowing climate change and a “global green guiding star”
Posted: 23/09/19
Pensions, insurance and fund management organisations have joined to warn the European Commission that its timescale for applying sustainability disclosure rules might be too tight
Posted: 23/09/19
One of the largest institutional investors in France has switched up its asset allocation to increase the amount it can hold in illiquid and private assets
Posted: 23/09/19
Up to 30 per cent of scheme assets are expected to be withdrawn from the €4.5bn state pension scheme once reforms are completed, Finance Minister Martin Helme has said
Posted: 20/09/19
Plans to introduce an auto-enrolment style pension system in Ireland are “at risk of being stalled”, Irish Life CEO David Harney has said
Posted: 18/09/19
The European Union is “not always equipped” to help the self-employed or those in non-standard work with accruing pension savings and rights.
Posted: 18/09/19
The gender pension gap is “persistent” and “effective tools” are needed to overcome it, according to Finland’s Ministry of Social Affairs and Health’s, Saila Ruuth
Posted: 18/09/19
The Strathclyde local government pension scheme (LGPS) has once again being urged to liquidate its oil and gas investments
Posted: 17/09/19
European assets under management (AUM) have more than doubled over the past decade, reaching €23.1trn
Posted: 17/09/19
Three leaders of unions in Croatia are calling on the government to give citizens a referendum on planned pension reforms, which they are against
Posted: 17/09/19
Several of the Netherlands’ biggest pension funds have reported that their coverage ratio has fallen below 90 per cent for the first time, according to Reuters
Posted: 16/09/19
Lawyers, nurses, doctors, paramedics and surgeons and flight crews are striking today in France in protest of the government’s plans to reform the pension system
Posted: 16/09/19
Norway’s Government Pension Fund Global (GPFG) should double the amount of kroner it allocates to environment-related mandates from NOK 60bn to NOK 120bn, the Norwegian parliament, the Storting, has said
Posted: 16/09/19
Nineteen pension funds and providers from across Europe have made it on to the Principles for Responsible Investment’s (PRI) leaders' group for 2019
Posted: 13/09/19
The Irish government’s plans to introduce an automatic enrolment style pension system, like that of the UK, will not address the pensions gender gap affecting the country
Posted: 13/09/19
One in three Swiss citizens would like to retire early but a study has found that many are underprepared financially to do so
Posted: 13/09/19
French Prime Minister Edouard Philippe has said that he wants a vote in parliament on the proposed French pension reforms before summer 2020
Posted: 12/09/19
The CEO of one of Denmark’s largest pension providers is urging investors to make climate change investments of €1.6trn to tackle the issue of climate change “before it’s too late”
Posted: 12/09/19
Two new Swiss financial acts are in the final stages of development and will come into force on 1 January 2020, the country’s State Secretariat for International Finance (Sif) has revealed
Posted: 12/09/19
The British government has announced plans to overhaul the NHS pension scheme to tackle widespread opt-outs and workers cutting their hours by giving staff more flexibility in their retirement planning
Posted: 11/09/19
French Prime Minister Edouard Philippe is expected to make an announcement on the calendar and method for the country’s pension reforms tomorrow, 12 September
Posted: 11/09/19
Extreme longevity is one of the world’s top 30 extreme risks for investors, according to a report by the Thinking Ahead Institute
Posted: 11/09/19
Women in Ireland receive, on average, 35 per cent less pension income than men, according to research by the Economic and Social Research Institute
Posted: 11/09/19
Defined benefit pension schemes approaching buyout may be exposed to unnecessary risk due to Brexit uncertainty and the global economic slowdown, according to Barnett Waddingham
Posted: 10/09/19
Pension consolidation is beginning to force smaller-sized asset and fiduciary managers out of the market as competition increases, according to research from Cerulli Associates
Posted: 10/09/19
Mitigating risk
BNP Paribas Asset Management’s head of pension solutions, Julien Halfon, discusses equity hedging with Laura Blows

Europe’s pensions challenges
Francesca Fabrizi meets Matti Leppälä, Secretary General and CEO of PensionsEurope, to discuss the key aims and objectives of the association today.