All articles by Barbara Ottawa – Page 70
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News
Basel fund proposes contribution hike for 19 years
SWITZERLAND – The government of the Swiss canton of Basel City has refined recovery plans for the civil servants fund PKBS, which will include a one-off payment of CHF 1.12bn (€730m).
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Polish second pillar in need of 'fine tuning' – KNF
POLAND – The Polish supervisory authority KNF sees three major challenges for a reform of the Polish second pillar, including lower risk profiles and capital requirements.
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German public funds improve risk management
GERMANY – German public pension funds have followed industry practice in adopting enhanced risk management provisions, even though they are not legally required to.
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Only small German minority to gain decent pension - research
[16:10 CEST 11-08] GERMANY – Just under 19% of Germans are building benefits in an occupational pension scheme and nearly 30% have a “Riester-Rente”. But only half will find this will be sufficient to uphold their current living standards, suggests research.
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Unilever joins Austrian ÖPAG
[17:25 CEST 10-08] AUSTRIA – The Austrian branch of international company Unilever is outsourcing its pensionskasse to the multi-employer fund ÖPAG.
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IMF warns Swiss guarantee is at risk
[13:30 CEST 07-08] SWITZERLAND – The International Monetary Fund (IMF) doubts Swiss life insurances have enough buffers to continue guaranteeing a 4% annual interest rate on pension funds.
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Czechs given open pensions choice
CZECH REPUBLIC – Employees in the Czech Republic are being given more free choice over their pension provider in the latest reforms, but switching pension funds will be no longer free for all.
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Sticking to strategic allocations caused problems - IQAM
[16:00 CEST 05-08] AUSTRIA – Austrian pension funds should not have stuck to strategic asset allocations as widely used risk controls could not have worked last year, accordng to Helmuth Frey, head of quantitative management house IQAM.
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NewsBPK recovery goes back to drawing board
[16:30 CEST 04-08] SWITZERLAND – The canton of Bern has rejected proposals for an increase in contributions to the Bernische pensionskasse (BPK).
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NewsSwiss funds see first gain since 2007 - State Street
[16:15 CEST 03-08] SWITZERLAND – Swiss pensionskassen generated a 5.61% gain during the second quarter of this year, suggests data produced by State Street - the first positive return to be seen for two years.
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Third pillar growth unbroken by crisis
[16:15 CEST 31-07] GERMANY/AUSTRIA – Interest in third pillar savings funds has remained high even through the financial crisis, according to both the German investment association BVI and the Austrian regulator FMA.
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NewsGerman employers predict little second pillar growth
[16:45 CEST 30-07] GERMANY – German companies are convinced that interest in occupational pensions among their employees will not grow, according to a recent poll.
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Linz AG fund reviews value-at-risk approach
[16:45 CEST 28-07] AUSTRIA – The €180m pension fund for the Austrian energy and telecommunication company Linz AG is hoping investment markets will stabilise soon so it can change its asset allocation approach.
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Swiss pensions shift to equities and property
[13:30 CEST 27-07] SWITZERLAND – Swiss pensionskassen made a definite shift back into equities in the second quarter of this year alongside a record level of real estate investments, new figures suggest.
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Mutual funds to see surge in German institutional interest
[15:00 CEST 24-07] GERMANY – Interest in mutual funds (publikumsfonds) is "high" and "set to grow" among German institutional investors, according to a poll of fund managers and investors.
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Thurgau puts faith in ALM study
[15:15 CEST 22-07] SWITZERLAND – The pensionskasse for the northern Swiss canton of Thurgau (PKTG) has hired Swiss consultancy Complementa to conduct an ALM study, after returning -18.9% last year.
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CHF350m needed as special payment from Swiss employers
[13:00 CEST 22-07] SWITZERLAND – Recovery measures planned by various Swiss pensionskassen will not have a significant effect on the country’s economy, according to a Swiss federal government report.
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Union finds corporate bond Spezialfonds in demand
[16:15 CEST 21-07] GERMANY – Frankfurt-based Union Investment saw net inflows of €3.8bn in the first half of 2009.
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Liechtenstein Sozialfonds to enhance risk taking
[14:20 CEST 21-07] LIECHTENSTEIN – The largest pensionskasse in the small principality of Liechtenstein, the ‘Sozialfonds’, says it is strong enough to take on longevity and other demographic risks itself.
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Slovak funds down amid 'dramatic changes'
SLOVAKIA – The six funds in the Slovak mandatory second pillar posted negative returns for the second quarter of this year, halving the six-months’ performance just as a new bill introduced structural changes.
