All articles by Barbara Ottawa – Page 71
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News
ABV gains assurances on 'first pillar' pensions status
[16:50 CEST 15-07] GERMANY – Politicians from the government coalition partner CDU have told the ABV, an association of pension funds for self-employed people such as doctors, lawyers or notaries, that the funds they represent will not be incorporated into the first pillar pension system.
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Swiss pensionskassen return 3.3% in H1
[15:45 CEST 14-09] SWITZERLAND – The last three months have proven to be very positive for the 100 Swiss Pensionskassen included in Credit Suisse's index.
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Austrian pensionskassen back on positive ground
[16:35 CEST 13-07] AUSTRIA – The second quarter brought a major shift into positive territory for Austrian pensionskassen with a return of 3.74%.
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Partners Group sees CHF1.4bn inflows
[17:10 CEST 10-07] SWITZERLAND – The alternative asset manager Partners Group has reported a growth in assets under management to CHF24.9bn (€16.5bn) to June 30.
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NewsSwiss canton fund raises contributions
[17:10 CEST 09-07] SWITZERLAND – The CHF1.5bn (€1bn) Schaffhausen Pensionskasse is battling a 10.5 percentage point drop in its funding level.
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News'Buy and hold' pension strategies is over, claims banker
[17:10 CEST 08-07] AUSTRIA – New strategies and reforms are needed in the Austrian pensionskassen system, according to banking officials, yet politicians have claimed the first pillar is good enough even when young Austrians disagree.
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NewsRomanian funds return 7% amid consolidation
ROMANIA – Funds in the Romanian mandatory second pillar reported an average return of 6.97% for the first half of 2009, and there are further consolidations in the pipeline.
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NewsSwiss gov’t looks abroad for supervision
[15:45 CEST 06-07] SWITZERLAND – The Swiss government is searching for researchers to conduct a comparative study of pension supervision and to check the applicability of Solvency II as part of a project to collect ideas for pensions reform.
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News
Cologne fund searches for Master-KAG
[17:00 CEST 29-06] GERMANY – The €530m city of Cologne pension fund is looking for an asset manager to take on the role of a Master-KAG, In a bid to "optimise" the fund's asset and risk management.
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News
Germany’s largest pensionskasse returns 4.5%
[16:35 CEST 29-06] GERMANY – The €20.1bn BVV Pensionskasse for banks will grant its members 4.5% interest for 2008 as it achieved a positive portfolio return last year.
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News
Ascoop’s new fund for employers set on full-funding by 2020
[16:30 CEST 26-06] SWITZERLAND – The multi-employer Pensionskasse for the Swiss public transport and tourism industry is setting up a new fund for those companies, which can afford to commit to reaching full-funding by 2020.
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German pensionskasse delivered 4.8% in 2008
[14:30 CEST 25-06] GERMANY – VVaG, the German pensionskasse for various cooperatives, managed to grant its members 4.8% interest for 2008 and generate a positive return as the pension fund held no exposure to equities.
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News
Swiss pensionskasse born out of buffer concerns
[16:30 CEST 24-06] SWITZERLAND – The local railway operators for the Matterhorn Gotthard Bahn and the Gornergrat Bahn have decided to leave the Ascoop fund to create their own pensionskasse.
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News
Delegates told crisis shows Swiss systemic weaknesses
[17:00 CEST 23-06] SWITZERLAND – The financial crisis should be seen as a chance to amend the Swiss pension system, delegates at a retirement provision conference in Zurich have been told.
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Economist warns pensions should not contain equities
[14:00 CEST 22-06] AUSTRIA – Investing in equities is unsuitable for pension fund investment, according to Helmut Kramer, the former head of Austria’s economic research centre Wifo.
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News
Swiss pension level breaches constitution - union
[16:30 CEST 18-06] SWITZERLAND – Pension benefits provided by the first and second pillars no longer provide enough for a decent retirement and should therefore be seen as in breach of the Swiss constitution, the Swiss union Unia has claimed.
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NewsCzech funds survive stress test, for now
CZECH REPUBLIC – All Czech pension funds have passed a stress test by the country’s national bank (CNB) but the results show major weaknesses should interest rate levels climb steeply.
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News
Consultancy fears pension 'catastrophe'
[17:20 CEST 16-06] GERMANY – Underestimating the long-term effects of the recent financial crisis on pension schemes and measures to counteract it could lead to a “catastrophe” in the second pillar, German consultancy Longial has suggested.
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NewsVictoria to increase activity in corporate bonds
[17:00 CEST 15-06] AUSTRIA – The €500m Victoria-Volksbanken Pensionskasse intends to raise its exposure to corporate bonds.
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NewsGermany's PSV levy could quadruple
[17:05 CEST 12-06] GERMANY – German employers with book reserve pension schemes could face a fourfold increase in the levy they pay into the pension protection association (PSV) next year, IPE has learnt.
