All articles by Barbara Ottawa – Page 64
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Swiss AHV seeks consultant ahead of asset search
[16:55 CET 25-02] SWITZERLAND – The Swiss first pillar buffer fund AHV is looking for an investment consultant to take over a wide range of services including looking at “new asset classes” and providing “forecast analysis”.
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NewsSlovakia amends its pension investment rules
SLOVAKIA – The Slovak government has proposed minor changes to the investment regulations for second pillar pension funds, to comply with EU legislation.
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Germany's BVK returns 4.5% after rebuilding reserve
[16:10 CET 23-02] GERMANY – The Bayerische Versorgungskammer (BVK) reported a 4.5% return on its assets after filling its reserves – but not “for reserves sake”, the pension vehicle told IPE.
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Swiss banks pay most into pension plans – Towers Watson
[15:45 CET 23-02] SWITZERLAND – A study by Towers Watson of the pension schemes at 20 SMI-Index blue-chip Swiss companies has found the best Swiss pension schemes pay out twice as much as the worst ranked.
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Union reports record year for institutional business
[17:10 CET 19-02] GERMANY – Union Investment saw its institutional business soar by over 20% to a record high in 2009, fuelled by investor demand for risk management and value protection, according to board member Alexander Schindler.
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AKA calls for legal certainty in German provincial pensions
[16:50 CET 18-02] GERMANY - A key figure at the German association of local and church pension schemes (AKA) has claimed postponing funded pension schemes because of the financial crisis could be detrimental to trust in the pensions system.
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MetallRente and Nokia/Siemens 'content' with 2009 returns
[16:30 CET 18-02] GERMANY – The CTA of the Nokia Siemens Networks achieved a 7.3% return on investments last year while the multi-employer scheme MetallRente managed between 4.5% and 5.1% in 2009.
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Germany's BVK to increase external management
GERMANY – BVK, the €45bn collective retirement vehicle for over 1.5 million self-employed people and employees in Bavaria, will be fine-tuning each one of its 12 portfolios as part of changes to its strategic asset allocation (SAA) and increasing external management.
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Austrian company funds enjoy a better year
[15:45 CET 16-02] AUSTRIA – Official figures from the Österreichische Kontrollbank have confirmed that Austrian Pensionskassen generated a 9% average return in 2009, as equity equalled return.
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NewsAba dismisses idea for fund-based pensions as counterproductive
GERMANY – The German investment federation (BVI) has unveiled proposals for investment fund-based occupational pensions which could lead to further self-management of the second pillar. But the pension fund association aba has warned it is sceptical of the new idea.
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Brandenburg starts to fund pension
[16:45 CET 11-02] GERMANY – The German province of Brandenburg will start filling its pension fund for civil servants this year.
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Swiss pension plans to maintain strategy for good returns
[15:15 CET 10-02] SWITZERLAND – The Pensionskasse for the city of Zurich (PKZH) and the Profond multi-employer fund say they have no plans to change their strategic asset allocation in the near future, after achieving strong returns in 2009.
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NewsPolish PM halts pension reform wrangling
POLAND – The Polish government has decided not to proceed with plans to direct less money into the pensions second pillar.
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Austrian court throws out push for pension pot withdrawals
[17:00 CET 08-02] AUSTRIA – The Austrian Constitutional Court has dismissed a petition by Austrian MPs to allow beneficiaries to withdraw their benefits early should they wish so.
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Swiss Migros aims for more diversification
[15:45 CET 04-02] SWITZERLAND – The CHF15bn (€10.2bn) Pensionskasse of the Swiss retailer Migros is looking to further diversify its equity portfolio internationally after a 10.9% performance last year.
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NewsLongevity hedge could drive pension risk for BMW UK
[16:50 CET 03-02] UK – The £3.5bn (€4.3bn) BMW (UK) Operations Pension Scheme has confirmed it is looking at strategies for “risk reduction and control”.
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Serbia outlines major first pillar reform
SERBIA – Serbia is planning to raise its state retirement age by five years and create a pension register for all employees over the next 10 years.
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German corporates continue shift to pension plans
[16:40 CET 01-02] GERMANY – German companies are still committed to strengthening occupational pensions, but some firms might have chosen the wrong reasons for outsourcing liabilities, pensions experts have claimed.
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One in four Swiss plans are underfunded – Swisscanto
[15:45 CET 29-01] SWITZERLAND – A survey of over 400 Swiss pension funds conducted by Swisscanto has found two-thirds of public schemes and 20% of private plans were underfunded at the end of 2009.
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Bafin seeks clarity on Germany custody rules
[16:50 CET 28-01] GERMANY – The German regulator Bafin has issued a consultation paper on changes to the regulations governing custodian banks and asset managers, including KAGs.
