The Établissement de Retraite additionnelle de la Fonction publique (ERAFP), the first French public pension fund, will be divesting from companies whose turnover from thermal coal-related activities exceeds 10% of the turnover.
The government has given them one year to improve their financial situations, which has been hit hard by low interest rates bas. Pensions payments are then likely to shrink.
Swedish pension firms are increasingly choosing alternative investments but ESG integration for this asset class is still far behind, according to latest report by Söderberg & Partner.
Dutch pension fund Stichting Beroepspensioenfonds Loodsen (BPL) has appointed BlackRock as its fiduciary manager.
A total of €500 million will be divided between two equity funds (€200 million each) and a bond fund (€100 million).
The bank is currently finalising the sale of approximately €400 million of non-performing loans on secured French mortgages.
Most pension funds in the Netherlands believe dialogue remains the best option for reducing abuses in the mining sector, says a study released by the Dutch association of investors for sustainable development VBDO.
Dutch ministry of social affairs and employment on 11 November replied to questions posed by a center-right parliamentary member from the VVD party about the impact of the forthcoming benchmark reform upon local pension funds.
Pension fraud victims could lose 22 years of savings within 24 hours, stated an analysis by the Financial Conduct Authority (FCA) and The Pensions Regulator (TPR).
Nicolas Jeanmart, head of personal and general insurance at Insurance Europe, opens up on the several investment challenges facing the insurance sector – one of the largest institutional investors in Europe.
The Investment Association has written to chairs of remuneration committees of FTSE 350 companies, stating its principles of remuneration that set out investors’ expectations on how companies should structure the pay of their top executives.