Seven asset management companies have signed an open letter in which they announce they will lodge an appeal to the French prime minister Edouard Philippe against the controversial pension scheme decree that was published by the French government on 9 May 2017. The targeted decree tightens the investment framework of a number of French pension schemes of […]
The French government has published, on 9 May 2017, a decree that narrows the investment framework of French pension schemes (caisses de retraite) managing assets on behalf of ‘liberal professions’ and built on a pay as you go model. The text will be implemented on 1 January 2018. The new regulation has been disputed by the […]
French ministries of Social Affairs and Finance have unveiled a new decree amending the financial management of French pension funds after the first version released in June 2016 was challenged by the interested parties. It appears however that the second version, due to enter in force on 1 July 2017, is still contested by a […]
The French government is rewriting a decree amending the financial management of local pension funds after its first version unveiled in June was challenged. Reforming the financial management of French pension funds is a hot topic. Proposed amendments to existing law aim to bring a harmonised and stricter framework to the organisation of all French […]
Sitting on the plane from Riyadh after my fifth visit there in 16 months. Why, you may ask yourselves, this strong interest for Saudi Arabia? When we launched our global frontier markets strategy in December 2014 it was clear from day one that we could not ignore Saudi Arabia. Despite being the nineteenth largest economy […]
Italy has not been able to keep abreast with the geopolitical, technological and demographic changes of the last 25 years, Bank of Italy governor Ignazio Visco has said in his annual statement.