All articles by Barbara Ottawa – Page 68
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NewsAustrian pension funds report 7% return
[17:10 CEST 06-10] AUSTRIA – In the first nine months of this year the 19 Austrian pensionskassen returned 7.35%, according to the pension fund association FVPK.
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NewsRaiffeisen buys into Albanian pension system
[14:00 CEST 05-10] ALBANIA – The Albanian branch of the Raiffeisen group has bought the biggest pension provider in the market.
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News
Macedonian funds grow 4% in H1
[16:30 CEST 01-10] MACEDONIA – The Republic of Macedonia’s two funds of the mandatory pensions system returned 3.7% and 4.3% respectively over the first six months.
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News
Mercer to take on Babcock-Borsig pensionskasse
[16:10 CEST 01-10] GERMANY - The pensionskasse of insolvent energy industry service provider Babcock-Borsig will in future be administered by Mercer instead of Swiss Life.
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Country Report
Clear boundaries ahead
An amendment to the legislative framework for pensions aims to reduce the number of supervisory authorities for Pensionskassen with clearer structures and more unified rules on governance, finds Barbara Ottawa
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News
Profond changes fee-structure post-crisis
[16:10 CEST 30-09] SWITZERLAND – The CHF2.2bn (€1.46bn) Swiss multi-employer pensionskasse Profond has changed the fee structure for its portfolio managers, in a bid to reduce costs.
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News
German BVI expects pension tax changes
[17:00 CEST 29-09] GERMANY – The German investment association (BVI) predict there will be amendments to the occupational pension sector rules, especially when it comes to equal tax opportunities for investment funds, following the change of the government coalition in Germany.
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News
Hungarian pensions face investment cull
[17:00 CEST 28-09] HUNGARY – Plans by the Hungarian government to cap investments in foreign assets have been criticised by Hungarian pension funds.
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News
Pensionskassen are 'confident' about Austrian court action
[15:45 CEST 25-09] AUSTRIA – Austrian opposition parties have called on the constitutional court to look into the law on pension funds following last year’s investment losses, but the pension fund association is confident the action will be dismissed.
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News
Row over Swiss funding levels
[16:50 CEST 24-09] SWITZERLAND – Many pension funds are back to full funding after a significant market recovery in the first half of 2009 but Swiss experts say widely differing calculations on average 2008 funding levels have left them confused as to what pension funds' true funding levels are.
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News
Swiss pension funds continue 'say-on-pay' struggle
[16:15 CEST 24-09] SWITZERLAND – The Ethos foundation together with eight pension funds is planning to petition for 'say-on-pay' at another four large Swiss listed companies.
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News
Expert claims interest in alternatives is waning
[16:40 CEST 23-09] SWITZERLAND – The boom in alternatives has been broken by the financial crisis and Swiss investors are placing their money elsewhere, Michael Brandenberger of Swiss consultancy Complementa has suggested.
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NewsGenerali finalises AMB Pensor merger
[16:05 CEST 22-09] GERMANY – The German branch of insurer Generali has completed the merger of its two pensionsfonds AMB and Pensor, to produce a €250m fund.
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News
Court strengthens insurance-based pension terms
[17:05 CEST 17-09] GERMANY – A German court has ruled that charging upfront fees related to setting up a life insurance contract for corporate pensions is only partly within the legal framework for occupational pensions.
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News
BPK scraps additional contributions
[16:15 CEST 16-09] SWITZERLAND - The CHF7.9bn (€5.2bn) Bernische Pensionskasse (BPK) has reviewed its recovery plans and will reduce its interest rate paid to members from January, just as regular contributions will rise.
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News
UBS pension fund in need of new head
[16:00 CEST 15-09] SWITZERLAND – Christoph Schenk, chief executive of the CHF19bn (€12.6bn) UBS pensionskasse, will leave his position on October 1, IPE has learnt.
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News
Ascoop returns 7.29% to July
[16:55 CEST 14-09] SWITZERLAND – The CHF2bn (€1.3bn) multi-employer fund for the Swiss transport industry is back on positive ground with its old strategic allocation.
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News
German BMF accepts ECJ ruling on Riester
[16:45 CEST 10-09] GERMANY/EUROPE – The European Courts of Justice (ECJ) ruled today that Germany was violating European Union regulations on freedom of movement with parts of its law on the state-subsidized supplementary Riester pension.
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News
Romanian funds increase equity allocation
ROMANIA – Equity levels among second pillar pension funds have increased to between 5 and 6% over the last few months but remain low compared to last year, latest figures from the Romanian pension fund association (APAPR) have revealed.
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News
Swiss rail fund recovery go-ahead under new chief
[17:20 CEST 09-09] SWITZERLAND - Markus Hübscher who will take over in November as head of the Swiss federal railway pension fund (SBB PK) will be implementing a ten-year recovery plan.
