Pension reform: is the American BlackRock pension fund working behind the scenes?

Asset administration large BlackRock denies searching for to affect reform of the pension system.

The American asset administration firm BlackRock has “by no means” sought to affect the reform of the pension system, she mentioned Thursday, after being focused by politicians, on social media, or throughout demonstrations.

The world's largest asset supervisor has been accused of selling the funded pension plan to decision-makers, to the detriment of the present French pay-as-you-go system.

“For simply over a month, your authorities has licensed pension fund large BlackRock to instantly acquire the French private retreat“, For instance declared the member for Eure-et-Loire (LR) Olivier Marleix throughout inquiries to the federal government, on December 10. “In case your reform goes to completion, BlackRock's enterprise will subsequently take off tremendously in France.”

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“The black shadow of BlackRock hovers over pension reform”, additionally ensures the Twitter account of the CGT Tui France on December 18, accompanying the tweet with a video of flocked paper crows “BlackRock” hovering over a procession of demonstrators.

Sure accusations designate a photograph taken in July by AFP presenting French President Emmanuel Macron alongside BlackRock boss Larry Fink, throughout a seminar devoted to the combat for the local weather, in addition to a notice revealed in June. .

A dialogue throughout the framework of the retirement financial savings plan

“Under no circumstances have we sought to exert an affect on the reform of the pay-as-you-go pension system underway with the general public authorities or some other participant within the sector,” defends Blackrock in a press release recalling its place on the methods retirement in France.

“The pension system pay-as-you-go will stay the bedrock of retirement in France, as our evaluation of the Pact Legislation already underlined “, provides the impartial asset supervisor, established in France for greater than 13 years.

The pact law has launched new guidelines to advertise one of these funding, the retirement financial savings plan.

BlackRock claims to have “like many different professionals within the sector, expressed (its) viewpoint on these measures”, specifically by an evaluation of the Pacte legislation after its remaining vote by the Parliament, “accessible to all on (its) website web ”and“ addressed to all actors of retirement in the private and non-private sectors ”.

The corporate “dialogues with regulators and governments” “to elucidate (its) views on the pursuits of long-term traders,” the assertion mentioned.