All articles by Barbara Ottawa – Page 53
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NewsGerman civil servants scheme 'inadequate', expert says
Rheinland-Pfalz fund serves no purpose in current form despite 'laudable' effort, study finds.
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NewsSwiss roundup: Publica, AHV, Ethos
Werner Hertzog, head of Publica, has said he is leaving Switzerland's largest public fund this summer.
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Scepticism hindering fiduciary management in Germany
Institutional investors’ continuing reluctance to outsource to external advisers is hindering take-up.
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NewsSupervisor cuts interest rate for Austrian Pensionskassen
AUSTRIA – Interest rate to be 3% from June, bringing it in line with market conditions.
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NewsUBS makes one-off CHF1,000 'loyalty' payment to pensioners
Swiss bank pays CHF16m into scheme as thank you, saying it is not meant to improve funding level.
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NewsCommission agrees to bail out Swiss pension fund SBB
Nationalrat financial commission agrees to €860m bailout for federal railway company scheme.
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NewsFinland's Keva returns 12.3%, starts new administration role
€28.8bn fund takes on pension administration for people covered by state scheme.
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NewsAustrian pension funds return 6.6% in 2010
AUSTRIA – Assets grow by €1.1bn to €14.8bn, including an €800m return from investments.
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NewsGerman corporate pension plans return 4-5% – Towers Watson
Funding levels remain virtually unchanged year-on-year, according to a Towers Watson report.
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NewsOne-third of Swiss companies accept 'say-on-pay' vote
Mounting pressure forces companies to introduce shareholder vote on remuneration.
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NewsSwiss pension scheme Publica to cut conversion rate
Pension fund for civil servants to lower conversion rate to 6.15% in light of government's new longevity assumptions.
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NewsBaby boomer wave will 'capsize' Austrian pension system
AUSTRIA – The peak of the baby boomers retirement wave will upend the Austrian state pension system by 2025, Allianz has warned.
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NewsSwiss roundup: Swisscanto on funding levels, Publica results
SWITZERLAND – Funding levels at Swiss Pensionskassen last year returned to where they were in 2009 following a steep drop in the second quarter, Swisscanto has calculated.
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Investors avoiding real estate, equities due to Solvency II uncertainty – Invesco
EUROPE – The uncertainty surrounding the ongoing Solvency II debate is putting many investors off real estate and equities, according to Invesco.
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NewsAllianz creates key account pension division
GERMANY – The Allianz group has created Allianz Corporate Pension Advisors (ACPA) to serve exclusively as pension consultant and service provider for large companies.
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NewsCredit Suisse index for Swiss pension funds returns 2.9%
SWITZERLAND – A sample of 100 Swiss pension funds returned 2.93% on average in 2010, according to the Pensionskassen index compiled by Credit Suisse.
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NewsReport recommends Swiss BVK sack Complementa
SWITZERLAND – The pension fund for the Swiss canton of Zurich (BVK) should end its long-term relationship with consultancy Complementa, according to legal expert Georg Müller.
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German roundup: Master KAGs, Telos, BVI, second pillar
GERMANY – The business for Master KAGs in Germany is growing, but the market is already saturated, according to research and rating company Telos.
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NewsSwiss roundup: Structural reform, Fribourg, Bern, ASIP, Pensionskasse Profond
SWITZERLAND – The French-speaking Swiss canton of Fribourg has agreed to work with the German-speaking canton of Bern to supervise Pensionskassen in a move the local press has dubbed the 'bridging of the Rösti Divide'.
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Romanian pension funds return 15.1% for 2010
ROMANIA – The nine pension funds in Romania’s mandatory second pillar ended the year with another positive quarter, bringing the total performance to 15.1%.
