All articles by Barbara Ottawa – Page 69
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News
Lithuanian funds gain 13% in first eight months
[17:20 CEST 09-09] LITHUANIA – The 28 funds in the Lithuanian second pillar posted an average return of 12.79% for the first eight months of 2009 after 19.9% losses in the previous year.
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Estonian LHV fund shows best results
ESTONIA – Recovering equity markets have boosted Estonian pension plans but the return rates differed greatly among the six providers in the mandatory market.
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Swiss funds need board member training
[17:50 CEST 07-09] SWITZERLAND – While close to all Swiss pension funds are complying with the law and have both worker and employer representatives on the board, the level of knowledge differs greatly, according to a study commissioned by the government and published this summer.
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Luzern fund recovery gets go ahead
[15:45 CEST 04-09] SWITZERLAND – The city of Luzern has agreed to a recovery plan for the CHF1bn (€660m) fund which will see CHF10m flow into the fund immediately.
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News
German institutions do better to manage assets themselves – study
[17:15 CEST 02-09] GERMANY – Domestic institutional investors managing more than half their assets internally perform better than those that mainly outsource, according to a survey conducted by the consultancy Complementa and the Bavarian Centre of Finance.
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Poland to reform pension sales activity
POLAND – The Polish government is working on a reform of the second pillar, which would see the end of sales agents working for pension funds, IPE understands.
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News
PKE appoints CEO following staff turnover
[16:00 CEST 01-09] SWITZERLAND - The Swiss energy sector pension fund PKE has appointed Ronald Schnurrenberger as its new chief executive.
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FeaturesAustria: Pensionskassen under construction
Austria’s coalition partners will outline a reform to the Pensionskassen system this autumn, finds Barbara Ottawa
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FeaturesGermany: More paperwork
Low equity exposure, strict regulations regarding guarantees and a rise in actuarial interest rates have left the German pension system relatively unscathed, according to Barbara Ottawa
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NewsASIP calculates 3.4% Swiss return
[16:40 CEST 27-08] SWITZERLAND – Swiss pension funds returned 3.4% for the first half of 2009, according to calculations made by Watson Wyatt for the Swiss pension fund association ASIP.
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NewsEureko-PZU edge closer to settlement
POLAND – The deadline set for a settlement in the Eureko-PZU conflict will be up in a month, but negotiating parties say they are optimistic about finally reaching an agreement over Eureko's disputed shareholding in the Polish firm.
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NewsPensionskasse begets pensionskasse
[15:20 CEST 25-08] SWITZERLAND – The Swiss multi-employer pensionskasse Publica has been granted the right to set up a pension fund for its own staff.
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News
Swisscanto sees easing of funding crisis
[15:50 CEST 24-08] SWITZERLAND – The average funding level of Swiss pension funds has recovered slightly since the beginning of this year to 93.4%, according to Swisscanto calculations.
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News
Crisis halts pension fund creation
[16:55 CEST 19-08] GERMANY – The German province of Lower Saxony has postponed plans to create a public pension fund, IPE has learnt.
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Swiss pension figures brighten funding picture
[16:40 CEST 18-08] SWITZERLAND – Figures released by the supervisory authorities of the cantons of Solothurn, Basel-Land and Basel-City suggest only 32% of local pensionskassen are underfunded.
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News
Basic diversification rules still hold true – Austrian PKs
[16:35 CEST 18-08] AUSTRIA – All three heads of the largest Austrian Pensionskassen believe the financial crisis should not fundamentally change their funds’ assumptions on asset allocation.
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News
Czech funds see fresh growth in 2009
CZECH REPUBLIC – The 10 pension funds of the Czech third pillar returned an average of 3.1% in the first half of 2009.
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Merger to create new fund for Swiss canton Valais
SWITZERLAND – The Swiss canton of Valais is finalising a merger between its two public pension funds, to increase the funding level and eventually change from a DB to a DC scheme.
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News
Crisis might speed up Bulgarian reform – CFO interview
BULGARIA – The financial crisis could boost plans to introduce a life-cycle model to the Bulgarian pension system, Miroslav Marinov, CFO of the pension fund management company Doverie, has told IPE.
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News
Czech Allianz fund grows assets to €283m
CZECH REPUBLIC – The Czech third pillar fund of Allianz posted an increase in members, assets under management and profit for the first half of 2009.
