All articles by Barbara Ottawa – Page 56
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NewsBulgaria takes steps to pull funds from professional pension schemes
BULGARIA – The Bulgarian council of ministers has decided to stop contributions to professional pension funds from next year and eventually withdraw all accrued assets from the funds.
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NewsGerman province to discontinue MP fund
GERMANY – The German province of Saxony is thinking to discontinue a pension fund set up for regional MPs due to its inefficiency.
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NewsShareholder groups thinking to join US class action against UBS
GLOBAL – Swiss shareholder groups Ethos and Actares are considering to join a US class action against Swiss bank UBS.
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NewsSwiss roundup: Complementa MBO, Swiss BVK scandal
EUROPE – Swiss consultancy Complementa has sold part of its German business to a former board member.
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NewsReturn for Swiss pension fund index fails to meet required minimum
SWITZERLAND – The Credit Suisse Pensionskassenindex increased by nearly 2.5 points, or just over 2%, in the third quarter, yet the return failed to meet the legally required minimum rate, according to Credit Suisse.
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Mercer warns of funding issues at German blue-chip pension schemes
GERMANY – Underfunding in German blue-chip companies’ pension plans is set to widen by €40bn due to the effects of low interest rates, Mercer has found.
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NewsEstonia lines up stricter investment rules for pension funds
ESTONIA – Investment regulations for Estonia's second pillar are set to be revised following a post-crisis analysis by the country's finance ministry.
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NewsGerman institutional investors to double equity allocations
GERMANY – German institutional investors are aiming to increase their equity exposure by 6.8 percentage points in the first half of next year, nearly doubling the current allocation, according to a survey by SEB Asset Management.
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NewsNestlé names former UK CFO Phillips as pension head
SWITZERLAND – Stephen Phillips, former CFO at Nestlé UK, has been named head of Nestlé's pension department.
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FeaturesAustria: still searching for the way ahead
Negotiations on the next stage of Austria's pension reform have produced consensus on some points and a pile of wish-lists for further discussion, reports Barbara Ottawa
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NewsGerman institutions swapping bonds for real estate
GERMANY – German institutional investors, in their search for stable returns without increasing risk, are turning away from European fixed income to real estate, while faith in external managers and consultants remains low, according to a survey by Greenwich Associates.
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NewsSwiss BVK members demand compensation for 'misguided' policy
SWITZERLAND – Members of the Swiss BVK have demanded compensation from the beleaguered pension fund, blaming its current underfunded position on a "misguided" contribution policy.
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FeaturesSwitzerland: Second pillar in transition
New investment rules are being implemented, the supervisory structure is up for reform and the financial crisis prompted an investigation into admin costs, writes Barbara Ottawa
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NewsMacquarie snaps up Siemens Austria's asset management business
AUSTRIA – Siemens Austria has sold its asset management arm Innovest to the Macquarie Group.
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NewsGerman province to top up public fund with €114m
GERMANY – The German province of Northrhine-Westphalia (NRW) is seeking parliamentary support for an additional €114m one-off payment into the pension fund for civil servants.
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NewsKölner Pensionskasse to manage Germany's first 'Jewish' scheme
GERMANY – The Kölner Pensionskasse is set to manage the first pension fund for employees of Jewish communities in Germany.
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NewsGerman roundup: Gothaer, Standard Life, Union
GERMANY – Only 38% of Germans are using second-pillar pension schemes, life insurance company Gothaer has found.
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Romanian pension funds return 13.3% to end of third quarter
ROMANIA – Pension funds in the Romanian mandatory second pillar returned 13.3% for the first nine months, according to the pension fund association APAPR.
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NewsGerman pension schemes invest in funds offering student loans
GERMANY – The pension fund for chartered accountants in the German province of Northrhine-Westphalia (WPV) is considering additional investments in a university student support programme.
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NewsSwiss roundup: Complementa, Swisscanto, second-pillar reform
SWITZERLAND – The true amount of asset management fees paid by Swiss Pensionskassen is unclear and difficult to compare, according to consultancy Complementa.
