All articles by Barbara Ottawa – Page 58
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NewsASIP members dump hedge funds, return 0% in H1
SWITZERLAND – The median return of a selection of 68 member funds of ASIP, the Swiss Pensionskassen association, was 0% for the first six months of 2010, according to Towers Watson.
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NewsBDO to check accounts of scandal-ridden pension fund
SWITZERLAND – The regional government of Zurich has hired Swiss accountancy BDO to look into the mandates and investments of the scandal-ridden public fund for the city's civil servants (BVK).
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NewsGerman pension funds 'absurd' to ditch equities, academics say
GERMANY – Equities are vital to maintaining return opportunities in second-pillar pensions, according to a study into the effects of the crisis on the German pension system.
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NewsGermany simplifies transfer of accrued benefits
GERMANY – Moving accrued benefits between different forms of retirement provision vehicles in Germany will now be easier, as regulations were extended to include certain Pensionsfonds.
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NewsUBS unlikely to change mind on possible lawsuit, Actares says
SWITZERLAND – Shareholder lobby group Actares is "not very optimistic" UBS has changed its mind regarding the planned court case against former members of the Swiss bank's board.
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Turkish pension funds return 3.6% in first half
TURKEY – Declining interest rates have forced Turkey to ease pension asset allocation regulations, but for some the reforms have not gone far enough.
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NewsLow Bund yields tax German investors, consultants
GERMANY – Record low Bund yields have very ambivalent effects on German institutional investors, increasing assets and liabilities at the same time, consultancies are pointing out.
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NewsSwiss Pensionskassen return to the red
SWITZERLAND – After a year of consolidation the average Swiss Pensionskasse has fallen below a 100% funding level, calculates Swisscanto
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NewsArrested former Swiss pension manager had job 'on the side'
SWITZERLAND – The former head of asset management at the civil servants' pension fund in Zürich (BVK) also managed around CHF200m (€144m) for a university fund.
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NewsGermans asked to work longer, not retire later
GERMANY – A planned increase in the statutory retirement age should be postponed to prevent “pension cuts”, the opposition party SPD has demanded.
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NewsSwiss roundup: Social ministry BSV, State Street index
SWITZERLAND – The Swiss social ministry BSV is tendering another survey into second-pillar costs, this time focusing on asset management fees.
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Slovakian pension funds return 0.6% in first half
SLOVAKIA – The International Monetary Fund (IMF) has called on Slovakia to create a more stable environment for second-pillar pensions, as pension funds in the country returned just 0.6% over the first six months.
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NewsGerman dentist fund goes into indirect real estate, mulls private equity
GERMANY – The €2.1bn pension fund for the dentists of the west-German region of Westfalen-Lippe is pulling out of direct real estate and looking to diversify its alternative investments.
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NewsECJ ruling forces German local authorities to tender pension services
GERMANY – The European Court of Justice (ECJ) has ruled that large German local authorities must tender occupational pension services – and Denmark fears it might be next.
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NewsDeutsche Börse to target pension funds directly
GERMANY – Stock exchange operator Deutsche Börse wants to "increase direct business with institutional investors", including pension funds, according to chief executive Reto Francioni.
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NewsExpert commission pressures Czech government on second pillar
CZECH REPUBLIC – The chief demand of a final report drafted by an expert commission on the Czech pension system has been the introduction of a mandatory second pillar.
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NewsNestlé PK chief criticises German stress tests, plans EM diversification
GERMANY – Short-term regulatory demands are leading pension funds into damaging cyclical behaviour, according to Peter Hadasch, head of the €780.6m corporate Pensionskasse for Nestlé Germany.
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NewsCredit Suisse Swiss Pension Fund index falls sharply
SWITZERLAND – The Credit Suisse Swiss Pension Fund index fell by 2.4% in the second quarter, bringing its overall performance for the first half of the year to -0.06%.
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NewsToo many 'active' funds are passive, study finds
EUROPE – Institutional investors are paying for active management, but getting de facto benchmark huggers, according to a recent study.
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NewsSwitzerland to commission survey on second-pillar costs
SWITZERLAND – Lowering administrative costs in the second pillar will be the primary aim of a Swiss government initiative that will start by commissioning a survey on the subject.
