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Welcome to IPE. This site uses cookies. Read our policy. OK * Skip to main content * Skip to navigation * IPE.com * IPE Real Assets * IPE Reference Hub * IPE Quest * Impact Investor IPE Current Edition IPE magazine November 2024 Search sponsor IPE Mast navigation * Sign In Search our site Search our site Search Menu Close menu * Latest * Back to parent navigation item * Latest * News * Analysis * Comment * Topics * Back to parent navigation item * Topics * ESG * Regulation * Strategy * People moves * Topics A-Z * Countries * Back to parent navigation item * Countries * Austria * Belgium * CEE * EU * France * Germany * Ireland * Italy * Netherlands * Nordic region * Spain & Portugal * Switzerland * United Kingdom * A-Z of countries * Reports * Back to parent navigation item * Reports * Top 500 Asset Managers * Top 1000 Pension Funds * Asset Class Reports * Country Reports * Special Reports * Pension Funds * Investment * AI * Events * Back to parent navigation item * Events * IPE Events 2024 * IPE Conference & Awards 2024 * IPE Webcasts 2024 * Podcasts * Membership Options * IPE Real Assets * IPE Reference Hub * IPE Quest * Impact Investor * Latest * * News * Analysis * Comment * Topics * ESG * Regulation * Strategy * People moves * Topics A-Z * Countries * * Austria * Belgium * CEE * EU * France * Germany * Ireland * Italy * Netherlands * * Nordic region * Spain & Portugal * Switzerland * United Kingdom * A-Z of countries * Reports * * Top 500 Asset Managers * Top 1000 Pension Funds * Asset Class Reports * Country Reports * Special Reports * ESG: Investors embrace new challenges on 1.5°C climate goal * Top 1000 Pension Funds 2024: Pensions back at a sweet spot * Generation of change: asset managers grapple with AI on both sides of the P&L * Pension Funds * Investment * AI * Events * * IPE Events 2024 * IPE Conference & Awards 2024 * IPE Webcasts 2024 * Podcasts * Membership Options * More from navigation items TOP STORIES ADEPP, ABV CALL FOR IMPROVING EU FRAMEWORK FOR PRIVATE MARKETS INVESTMENTS 26 November 2024By Luigi Serenelli Associations highlight need for a common, stable framework on risk calculation and reporting systems GERMANY’S PLAN TO TURN KENFO AS CENTRAL ASSET MANAGER COULD STAND DESPITE CRISIS 26 November 2024By Luigi Serenelli Former traffic-light governing coalition intended to set up a central federal asset manager as part of the draft law reforming the first pillar pension system ITALIAN PENSION FUNDS CALL FOR ACTION TO BOOST PENSION MEMBERSHIP 26 November 2024By Luigi Serenelli Assofondipensione proposes new ‘silent consent’ mechanism PRIVATE EQUITY, VC ESG REPORTING TEMPLATE GETS UPDATE FOR EARLY-STAGE 26 November 2024By IPE Staff Update ‘aligns with the requirements of major European LPs’, according to KfW Capital PUBLICA HIRES NEW CHIEF INVESTMENT OFFICER FROM VBL 25 November 2024By Luigi Serenelli Sandro Doudin will take over as head of asset management and member of the Publica’s management board on 1 July 2025 ITALY’S CDC SCHEME TO INVEST €1.1BN ACROSS EQUITIES, BONDS, ALTERNATIVES 25 November 2024By Luigi Serenelli The scheme will invest 72.4% of the €1.1bn planned for next year in bonds, 4.5% in equities, and 23.1% in illiquid alternatives, including real estate EXCLUSIVE MEMBER NEWSLETTERS IPE Members can select monthly newsletters for the subjects that matter most. We’ll keep you updated with informative alerts. These are in addition to the regular IPE Daily News Alerts you receive. * IPE DACH Briefing * IPE Netherlands Briefing * IPE UK Briefing * IPE Nordic Briefing * IPE ESG Briefing Sign up NATIONAL GRID’S ELECTRICITY SUPPLY PENSION SCHEME COMPLETES £1.7BN BUY-IN WITH AVIVA 25 November 2024By Pamela Kokoszka The transaction included transitioning the group’s existing longevity swap with Zurich to Aviva M&G LAUNCHES VALUE SHARE BULK PURCHASE ANNUITY WITH £500M TRANSACTION 25 November 2024By Pamela Kokoszka The proposition balances the needs of both members and sponsor HSBC ASSET MANAGEMENT TARGETS VENTURE DEBT OFFERING 25 November 2024By IPE Staff Former Silicon Valley chief credit officer has been tasked to bring new product to market AHOLD DELHAIZE BUYS OFF SPONSOR GUARANTEE FOR PENSION FUND 25 November 2024By Maarten van Wijk The move is related to the fund’s planned transition to a DC arrangement in 2027 EIOPA CHAIR LINKS HORIZONTAL LEGISLATION TO COMPLEXITY, REPORTING BURDEN 22 November 2024By Susanna Rust There is an imperative to be ‘smart and efficient’, said Petra Hielkema at EIOPA conference More News PEOPLE MOVES PUBLICA HIRES NEW CHIEF INVESTMENT OFFICER FROM VBL Sandro Doudin will take over as head of asset management and member of the Publica’s management board on 1 July 2025 PEOPLE MOVES: AXA IM PICKS NEW UK CEO Plus: Hymans Robertson appoints head of risk transfer; Rebalance Earth hires river expert NBIM REVAMPS, SHIFTS FOCUS FROM REAL ASSETS TO ENERGY AND ACTIVE MANAGEMENT Real assets CIO Mie Holstad quits as all areas of active management brought under one umbrella More People News COMMENT WILL PENSIONS SAVE THE SAVINGS AND INVESTMENTS UNION? By Jorik van Zanden One only needs to glance over the first page of the recent Draghi report on European competitiveness to find that the European economy is in crisis. THE SIZE OF AUSTRALIA’S SUPER FUNDS COULD THREATEN THE FINANCIAL SYSTEM By Florence Chong Australia’s central bank has warned that rapid growth of the nation’s superannuation system could “amplify” shocks to the country’s financial stability. ENDOWMENT FUNDS STICK WITH ALTERNATIVES DESPITE HEADWINDS By Maria Teresa Cometto Disappointing returns in the last fiscal year may force US university endowments to rethink their investment strategies, but could this include moving away from the so-called Yale model that focuses on alternative investments? More comment IN DEPTH * ESG: INVESTORS EMBRACE NEW CHALLENGES ON 1.5°C CLIMATE GOAL * TOP 1000 PENSION FUNDS 2024: PENSIONS BACK AT A SWEET SPOT * GENERATION OF CHANGE: ASSET MANAGERS GRAPPLE WITH AI ON BOTH SIDES OF THE P&L ANALYSIS WHAT THE MANSION HOUSE SPEECH MEANS FOR GREEN FINANCE IN THE UK By Sophie Robinson-Tillett Government reinstated the Bank of England’s mandate to support sustainable finance and updated remit letters of key regulators to refer to the need for investment in the green transition ITALIAN INSTITUTIONAL INVESTORS CONFRONTED WITH HARD REALITY OF NET-ZERO TRANSITION By Luigi Serenelli Panellists at Salone.SRI in Milan this week agreed that journey towards net zero will progress despite challenges IPE DACH BRIEFING: GERMANY’S PENSIONS INDUSTRY LOOKS TO NEW GOVERNMENT FOR REFORMS By Luigi Serenelli Plus: Transition to DC schemes in Germany; ASIP and Publica in Switzerland warn of consequences of higher lump-sum withdrawals CONSOLIDATING DC SCHEMES INTO MEGAFUNDS COULD LEAD TO UNINTENDED CONSEQUENCES By Pamela Kokoszka UK government proposes consolidation of DC schemes into £25bn megafunds More Analysis INTERVIEWS BNY INVESTMENTS: MORE THAN THE SUM OF THE PARTS? November 2024 (Magazine)By Carlo Svaluto Moreolo The world’s top asset managers are a diverse bunch. From pure-play managers to investment bank-owned firms and those with an asset servicing heritage, the different flavours also reflect the changing nature of the sector. VERITAS: FINNISH PENSION INSURER SEEKS IN-HOUSE EFFICIENCY November 2024 (Magazine)By Pirkko Juntunen Veritas CIO Laura Wickström talks to Pirkko Juntunen about the challenges and opportunities of running a lean but efficient internal investment team PRIVATE EQUITY REMAINS A KEY BUILDING BLOCK FOR PENSION SCHEMES November 2024 (Magazine)By Pirkko Juntunen While allocations vary, pension funds value solid returns and private equity’s role as a diversifier. Funds use PE to gain both domestic and international exposure. SEI INVESTMENTS SEEKS NEW PARTNERSHIP APPROACH October 2024 (Magazine)By Carlo Svaluto Moreolo SEI Investments, the Pennsylvania-based technology and investment firm, was a vocal advocate for independent fiduciary management in the UK pension industry. More interviews IPE MAGAZINE NOVEMBER 2024 Read the latest issue of IPE Magazine Browse the digital edition and find highlights from this month's issue below Digital edition of IPE magazine NOVEMBER HIGHLIGHTS * CAN UK DC PENSION SCHEMES PLUG THE VENTURE CAPITAL FUNDING GAP? November 2024 (Magazine)By Joseph Mariathasan Europe is becoming an exciting place for tech start-ups, but they are receiving little support from European pension funds, which have eschewed venture capital since the bursting of the dotcom bubble in the late 1990s. * THE PENSIONS REFORM PROMISES OF EUROPE'S FAR-RIGHT POLITICAL PARTIES November 2024 (Magazine)By Carlo Svaluto Moreolo The rise of far-right parties has bolstered support for European welfare state systems, but radical right-wing policymakers face difficult choices * PAN-EUROPEAN PERSONAL PENSION PRODUCT REQUIRES IMPROVEMENT November 2024 (Magazine)By Wilfried Mulder and Ruben Laros Funded pensions can provide both a retirement income for EU citizens and capital for long-term investments by financial institutions. PENSION FUNDS VERITAS: FINNISH PENSION INSURER SEEKS IN-HOUSE EFFICIENCY Veritas CIO Laura Wickström talks to Pirkko Juntunen about the challenges and opportunities of running a lean but efficient internal investment team PRIVATE EQUITY REMAINS A KEY BUILDING BLOCK FOR PENSION SCHEMES While allocations vary, pension funds value solid returns and private equity’s role as a diversifier. Funds use PE to gain both domestic and international exposure. More on pension funds INVESTMENT PRIVATE EQUITY INDUSTRY STARTS TO SHOW SIGNS OF RECOVERY By Lynn Strongin Dodds Private equity has a bounce in its step once again, but it could be years before the industry recovers fully IPE QUEST EXPECTATIONS INDICATOR - NOVEMBER 2024 By Peter Kraneveld Donald Trump has profited from climate change, which he believes unimportant, as this year’s hurricane season has so far seen more storms over a wider area. More on investment COUNTRY REPORTS * Previous * Next * SPANISH COUNTRY REPORT 2024: PENSION FUNDS EYE A NEW RATE ENVIRONMENT * SWITZERLAND COUNTRY REPORT 2024: THE TROUBLE WITH SWISS SECOND-PILLAR PENSION REFORM * NETHERLANDS COUNTRY REPORT 2024: DUTCH PENSION FUNDS DISTRIBUTE BUFFERS * FRENCH WORKPLACE PENSIONS GROW AS REFORM CONTROVERSY RECEDES * ITALY COUNTRY REPORT 2024: HOW LOCAL PENSIONS COULD SUPPORT THE ECONOMY * NORDIC REGION REPORT 2024: DENMARK’S GOVERNMENT URGES PENSION FUNDS TO SUPPORT DEFENCE * UK COUNTRY REPORT 2024: IS BUYOUT STILL THE GOLD STANDARD FOR PENSION FUNDS? * NETHERLANDS COUNTRY REPORT 2024: THE PENSION TRANSITION DILEMMA SPECIAL REPORTS * Previous * Next * ESG: INVESTORS EMBRACE NEW CHALLENGES ON 1.5°C CLIMATE GOAL * INDEX 2.0: OFF-THE-SHELF OR CUSTOM INDICES? * TIME TO UNDERSTAND INDIA * EUROPE’S PENSION POLICY ROUNDTABLE: CHALLENGES FOR THE NEXT COMMISSION * MANAGER SELECTION: SOLVING THE PENSION LIQUIDITY PUZZLE * NATURAL CAPITAL SPECIAL REPORT: GETTING TO GRIPS WITH THE TNFD * RISK TRANSFER SPECIAL REPORT: PENSION LIABILITIES SHIFT TO INSURERS * FIDUCIARY MANAGEMENT SPECIAL REPORT: HAS THE UK PEAKED? MOST POPULAR * Italy’s CDC scheme to invest €1.1bn across equities, bonds, alternatives * Publica hires new chief investment officer from VBL * HSBC Asset Management targets venture debt offering * M&G launches Value Share Bulk Purchase Annuity with £500m transaction * Baillie Gifford ditches climate collaborations over ‘contested membership’ LATEST * Adepp, ABV call for improving EU framework for private markets investments * Germany’s plan to turn KENFO as central asset manager could stand despite crisis * Italian pension funds call for action to boost pension membership * Private equity, VC ESG reporting template gets update for early-stage * Publica hires new chief investment officer from VBL * Contact us * Membership and subscriptions * IPE Editorial * Company overview * IPE media pack 2024 * IPE media pack 2025 * Advertising terms and conditions * Standard Terms and Conditions for Event Sponsors * Digital editions Copyright © 1997–2024 IPE International Publishers Limited, Registered in England, Reg No. 3233596, VAT No. 685 1784 92. 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