All articles by Barbara Ottawa – Page 72
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News
Romanian second pillar back on schedule
ROMANIA – The IMF has agreed a financial aid package with Romania which will ensure, that the country can return to its original schedule for changes to second pillar contributions and in turn will put in place reforms.
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Austrian pension fund doubts value of reform
[16:30 CEST 10-06] AUSTRIA – The Victoria-Volksbanken Pensionskasse is not convinced that making it easier for people to switch between several pension vehicles will help the second pillar, IPE was learnt.
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German funds catch up on SRI
[17:15 CEST 09-06] GERMANY – Approximately 50% of German retirement providers are using ethical criteria within their investments, but not all of them are adopted on a wider scale, a study has claimed.
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Alternatives as much to blame as banks - Swiss funds
[16:25 CEST 08-06] SWITZERLAND – Swiss pensionskassen believe the main causes of the financial crisis were a lack of appropriate regulation as well as excessive risks taken by the financial sector, among banks as well as managers of alternative asset classes such as private equity and hedge funds.
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Companies are liquid enough to keep pensions - consultant
[17:15 CEST 08-06] AUSTRIA – Consultancy firm Arithmetica has claimed the recent financial crisis is further proof that occupational pensions are better left on the companies’ books than in separate arrangements.
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NewsCzech funds return 1.59% in Q1
CZECH REPUBLIC – Six out of ten Czech pension funds generated a return of more than 1% in the first quarter of 2009, according to the most recent data published by the Czech pension fund association APF.
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Swiss APK moves back into gains
[16:15 CEST 28-05] SWITZERLAND – The Swiss pensionskasse for the canton of Aargau returned 1.5% in the first four months of 2009 while the scheme for Solothurn has just reported a 14.8% loss for 2008.
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Growing private pensions not enough – IMF
SLOVENIA – The Slovenian government wants to increase incentives for people to save privately for their retirement and work longer, but the International Monetary Fund (IMF) thinks this is not enough the pensions regime.
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Pension fund members to go to court
[17:00 CEST 27-05] AUSTRIA – 2,600 members of Austrian pensionskassen have hired a lawyer to file a complaint with the constitutional court over the question of ownership of pension fund assets.
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NewsAustrian pensions system 'riskiest' by comparison
[16:35 CEST 26-05] AUSTRIA – A study of defined contributions pensions regimes in Europe suggests beneficiaries of the Austrian second pillar alone bear almost the full risk of the capital market, according to pension expert Gerald Klec.
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Croatian funds back in positive territory
CROATIA – Croatia’s four pension fund companies collectively lost 0.9% on investments in the first quarter, but data reveals they are back in positive territory now.
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Swiss funds see long-term returns erased
[16:25 CEST 14-05] SWITZERLAND – Swiss Pensionskassen have now returned virtually nothing from their investments in the last eight years, Swisscanto found in its latest research.
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Slovak funds grow 0.5%
SLOVAKIA – The six pension fund companies managing mandatory funds for Slovakia’s second pillar posted a positive return for the first quarter of 2009.
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Signs of recovery on the horizon, for some?
[16:45 CEST 12-05] AUSTRIA – Improved investment returns in April have helped Austrian pensionskassen to turn their performance into positive figures for the first time this year.
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German investors keep a level pensions head
[17:30 CEST 11-05] GERMANY – Germans have continued to save for their retirement during the crisis and faith in the state pension has only increased slightly, suggests a regular study conducted by JP Morgan Asset Management.
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Swiss home bias pays off long-term
[17:20 CEST 08-05] SWITZERLAND – Only Swiss bonds and Swiss real estate contributed positively to the performance of local pension funds last year but Swiss assets are a major contributor to long-term performance, a study by Lusenti has found.
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Romania to look at pension reserve fund and life-cycling (updated)
ROMANIA – Pension fund companies in Romania will soon have to pay into a general reserve fund and they are likely to introduce the life-cycle model in their funds from 2010, according to the pensions regulator.
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DAX pensions lose €13bn in 2008
[17:10 CEST 06-05] GERMANY – The pension schemes of companies listed on the German stock exchange index Dax remain well-funded over the long-term despite suffering a combined loss of €13bn last year, consulting firm Mercer has found.
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News
Basle City to plug pension hole
[16:45 CEST 05-05] SWITZERLAND – The CHF8.2bn (€5.4bn) pensionskasse for the Swiss canton of Basle City is to receive CHF1.38bn to ensure the pension scheme is fully-funded again.
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Solidarity fund loses 4.39% under PensPlan
[17:15 CEST 30-04] ITALY – The €258m solidarity fund, managed by PensPlan for the semi-autonomous Trentino Alto Adige region in northern Italy, returned -4.39% for 2008.
