News in brief: 3 October 2025

- The French public service additional pension scheme (ERAFP) has updated its policy on fossil fuels.

ERAFP has adopted a new policy to align its portfolio with a 1.5°C global warming trajectory. The strategy commits to a rapid exit from thermal coal, a significant reduction in unconventional hydrocarbons, and targeted support for companies with credible transition plans. ERAFP, which marks its 20th anniversary this year, said it will implement annual monitoring of corporate climate policies to ensure alignment with the Paris Agreement. It added that the plan will be subject to periodic reviews to adapt it to the evolving challenges of the energy transition.

- ABP, the Dutch civil service pension fund, has invested in a US forest to boost biodiversity.

The fund has taken a majority stake in a sustainably managed 70,000-hectare forest in the southern United States. The investment, part of ABP’s €10bn commitment to climate solutions, is expected to store an additional two million tonnes of CO₂ over 15 years. The fund stated that the project will also enhance biodiversity through habitat protection and the designation of “forests of exceptional ecological value.”

- The EU old-age dependency ratio has increased to 37 per cent in 2025.

This represents a significant rise from 26.8 per cent in 2004, according to Eurostat, when there were fewer than four working-age adults per elderly person aged 65 years or older. The ratio, which measures the number of people aged 65 and over relative to those aged 20–64, has now reached at least 50 per cent in 139 regions, particularly in eastern Germany and France. Belgium’s Arrondissement of Veurne recorded the highest ratio at 72.8 per cent. The release coincided with the International Day of Older Persons, marked on 1 October.

- The Credit Suisse pension fund has reported improved performance for August.

The Pension Fund of Credit Suisse Group reported a performance of 0.47 per cent in August 2025, bringing year-to-date returns to 1.23 per cent. August’s performance was a 0.39 per cent improvement on July’s and 0.4 on June’s.

- Ilmarinen has renewed its sales partnership with Pohjantähti, effective from early 2026.

Under the agreement, Pohjantähti, an insurance company, will distribute the Finnish earnings-related pension provider’s TyEL and YEL insurance policies, with a focus on entrepreneurs and microenterprises. The two companies last cooperated in 2018. Ilmarinen customer relations director, Esa Jäntti, said the renewed arrangement will strengthen its customer reach and support small business clients, adding that the provider wants to be the “number one choice” when entrepreneurs and micro companies consider earnings-related pension issues.



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