All articles by Barbara Ottawa – Page 43
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Czech pension funds return 2% in run-up to system reform
CZECH REPUBLIC – On average, funds allocated 90% of portfolios to bonds and just 3% to equities in 2011.
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Austria's fair-finance fund returns 10% using sustainable bond strategy
AUSTRIA – New severance pay fund outperforms competitors by nearly 10 percentage points.
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Second German pension fund thinking to apply responsible investment charter
GERMANY – North Rhine-Westphalia scheme awaiting review of UN's SRI principles.
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Erste Bank closes second-pillar pensions business in Hungary
Bank says recent regulatory changes made profitable operations 'impossible'.
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Fixed income return cancels out equity losses as Swiss pension fund AHV
Scheme to increase hedge on yen, Canadian dollars and Australian dollars to 100%.
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Patrizia snaps up LBBW Immo on behalf of European pension funds
GERMANY – Swiss, Swedish and German pension schemes acquire €1.3bn residential property portfolio.
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German company pension plans see funding levels drop
GERMANY – Model DAX plan is 63.4% funded at end of 2011 – a 2.4 percentage point drop.
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Germany's Universal buys SEB master KAG
GERMANY – Sale for undisclosed sum follows BaFin licence for Universal to manage hedge funds.
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Participants unconvinced by 'German-style' DC schemes
GERMANY – Towers Watson survey shows German workers have reservations about taking on more risk.
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Eurobonds should be long-term, 'even permanent', solution
ICMA says bonds should not be seen as 'crisis instrument', but part of permanent vehicle.
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Swiss pension funds showing increasing interest in Ethos Engagement Pool
EEP members currently manage more than CHF112bn in assets, one-fifth of funds in second pillar.
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Swiss pension fund BVK drops Complementa as part of restructuring
Move part of recovery measures scheme must implement before being released from state control.
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Whole of Southern Europe set for euro-zone exit, Invesco warns
EUROPE - The whole of Southern Europe will eventually leave the euro-zone due to a general lack of competitiveness, with Greece and Portugal first in line for the exit, according to John Greenwood, chief economist at Invesco. In a presentation at the asset manager’s annual investment seminar in Austria, Greenwood ...
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Pension funds at risk from onerous reporting, overregulation – APK
Regulatory environment a ‘major challenge’, says chairman at Austrian pension fund.
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Czech pension reform to usher in new second-pillar system
CZECH REPUBLIC – General public still divided on issue, with older people sceptical of pensions not provided by state.
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Returns drop sharply in 2011 for Austria's severance pay funds
AUSTRIA – Performance hit by large bond allocations of more than 85% on average.
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European institutionals 'immature' in assessing high-yield bond risk
Threadneedle says rapid move into investment grade should help them to ‘think rationally’.
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Austrian pension funds report negative results for 2011
AUSTRIA – Schemes look to broaden investment universe after losing 3% on average last year.
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Ruling on foreign equity cap for Polish pension funds to have 'little impact'
EUROPE - Poland’s abandonment of a 5% cap on foreign equities for pension funds will have little impact on the industry, according to Dominik Radziwill, state undersecretary at the Polish Finance Ministry. Last week, after a protracted legal battle, the European Court of Justice ruled that Poland’s stance on foreign ...
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Year-end rally fails to lift Swiss pension funds into positive territory
Funding targets come up short as equity rally unable to offset previous negative quarters.