All articles by Barbara Ottawa – Page 61
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News
Only 1 in 10 Swiss funds has sufficient buffer – Swisscanto
SWITZERLAND – The majority of Swiss pensions funds have recovered to full funding levels, but only 10% have repaired their buffers, according to Swisscanto.
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News
MAN turns pensions into savings plan
GERMANY – The transport engineering group MAN has created a new retirement provision plan, eliminating all longevity risks.
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News
German employers propose simplified solvency levy
GERMANY – The German federation of employer representatives (BDA) is suggesting a simplified alternative to its proposal for a risk-based levy to the German pension insolvency fund PSV.
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NewsAba pushes for separate pension supervisor
GERMANY – The German government has been urged by the country's occupational pension association (Aba) to create a separate entity for pension supervision.
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News
BPK under pressure to make DC switch
SWITZERLAND – The public pension fund of the Swiss canton of the capital city Bern, Bernische Pensionskasse (BPK), is under pressure from member companies to speed up its move away from a defined benefit (DB) scheme to a defined contribution (DC) arrangement.
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News
BVV to diversify through commodities
GERMANY – The €20.9bn BVV Pensionskasse for German banks saw returns from its bond-heavy portfolio drop last year and is now seeking to increase its diversification by investing in commodities.
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News
Low contributions create illusion for young workers – MetallRente
GERMANY – Contributions to pension funds by young people are too low and are seldom increased over time, a survey commissioned by the German metal industry pension fund MetallRente found.
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News
Most Swiss trustees held their nerve during the crisis
SWITZERLAND - Close to 90% of Swiss pension funds reviewed their asset allocation following the financial crisis, but only 67% made any subsequent changes, according to a trustee survey conducted at the Fachmesse zweite Saüle conference this week.
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News
Swiss law protecting pensioners' benefits should be changed - Deprez
SWITZERLAND - The inclusion of pensioner benefits in recovery measures for underfunded pension funds was the subject of intense debate at an industry conference today.
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News
German pension funds need more credit research - WPV
GERMANY – The €1.4bn German Versorgungswerk for chartered accountants WPV plans to continue to decrease its exposure bank-related fixed income investments, but will have to seek external advice to do so.
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Features
BVK’s new risk criteria
Liquidity is now a key issue for the €43.2bn Bayerische Versorgungskammer (BVK), Germany’s largest institutional investor, but the fund is not shying away from diversification.
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News
Crisis causes delay for BiH second pillar
BOSNIA-HERZEGOVINA – Plans for the creation of a second pillar in Bosnia-Herzegovina (BiH) have been drawn up but the current economic situation will delay its implementation until at least 2011.
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News
German funds look to emerging market debt – HSBC
GERMANY – German pension funds' appetite for fixed income exposure will push them towards investing in emerging market debt, according to HSBC.
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News
Valida argues for mandatory second pillar
AUSTRIA – Andreas Zakostelsky, head of Valida, is convinced that a mandatory second pillar would increase participation in Austrian occupational pension funds from its current level of 20% to 80% by 2020.
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News
WPV defends Versorgungswerke
GERMANY – Calls to integrate the funded first-pillar pension professional schemes into the state retirement provision would harm the system, says Hans-Wilhelm Korfmacher, managing director of WPV, the Dusselfdorf-based scheme for accountants.
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News
Positive returns push Publica above full funding
SWITZERLAND – The CHF 32.5bn (€22.7bn) Swiss Publica fund returned 10.13% in 2009 but is planning some organisational changes.
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News
German tax consultants fund to diversify equities and real estate
GERMANY – The €520m pension fund for tax consultants in the German province of Northrhine-Westphalia (NRW) is seeking to diversify its investments through specialist equity and Asian real estate mandates.
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News
IMF predicts Russian pension fund growth
RUSSIA – The International Monetary Fund has stated expects private pension funds “to grow rapidly” in Russia as pension benefits increasingly become part of salary packages.
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News
Real estate lowered Swiss returns in 2009
SWITZERLAND – Calculations conducted by State Street suggest Swiss pension funds returned in 2009 were driven as a result of equity returns but lowered by real estate.
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NewsGerman province mulls an end to PAYG pensions for ministers
GERMANY – Ministers in the north German province of Schleswig-Holstein might in future have to take care of their own pensions if the Green party succeeds.
