All articles by Barbara Ottawa – Page 77
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News
Swiss parliament rallies behind rate cut
[16:00 CET 12-12] SWITZERLAND – The smaller chamber of the Swiss parliament (Ständerat) has now agreed the conversion rate of second pillar pensions should be cut to 6.4% by 2015 in light of the financial crisis.
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To fund or not to fund now – a Basle question
[17:15 CET 11-12] SWITZERLAND – Parties in the Swiss canton of Basle city are divided over the question whether or not to postpone payments to the pension fund in light of the current financial crisis.
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Pensionskassen could be reformed
[17:15 CET 10-12] AUSTRIA – The new Austrian government coalition has signed a working paper which contains plans to discuss reform of the Pensionskassen system in Austria.
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Pensionskassen called on to split active/ retired members
[15:45 CET 09-12] AUSTRIA – The Austrian Private Equity and Venture Capital Organisation (AVCO) has called on pensionskassen to split their active and passive members as officials argue sharing the same portfolio is an obstacle to investing in venture capital.
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Germans claim to believe in long-term profit
[17:05 CET 08-12] GERMANY – Only 10% of Germans have changed their private pension provision on the back of the financial crisis, a survey by JPMorgan has found.
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VBV wants variable calculation rate
[16:45 CET 27-11] AUSTRIA – VBV, the largest Pensionskassen in the Austrian pensions market, has called for greater flexibility in the rate at which pensions are calculated, in a bid to minimise the number of cases where payouts are being cut.
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Pension members need Europe-wide supervision - actuaries
[17:05 CET 26-11] EUROPE – The European umbrella organisation of actuaries wants to see plans for a Europe-wide supervision of occupational pensions being sped up.
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Doctors’ fund creates its own crisis
[16:00 CET 25-11] AUSTRIA – The €250m fund for 8,000 doctors in the country’s largest province of Lower Austria is facing massive financial difficulties but not because of the credit crisis.
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Pensionskassen growth remains slow
[16:50 CET 24-11] GERMANY – A German government report on pensions has revealed there has been little growth, for the third year in a row, in the membership of Pensionskasse as share of employees with occupational pension accounts stood at 52% last year and is likely to stay at that ...
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NewsCall for pension sea change
[11:30 CET 21-11] EUROPE - Pension funds, asset managers and consultants need to completely change the way they are working together to ensure the future of pension provision but not through new outside regulation, Amin Rajan, CEO of Create-Research, told delegates at the IPE seminar in Barcelona yesterday.
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News
Romanian funds shrink equity exposure
ROMANIA – Investment in equities by the newly-established Romanian second pillar funds has now reached a record low of 2% at end-October.
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Swiss households lost CHF1.8m through 2nd pillar
[16:15 CET 20-11] SWITZERLAND – Swiss households’ savings in Pensionskassen and insurances grew only half as much as in 2007 than in the year before, according to the Swiss National Bank (SNB).
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NewsManagers urge funds 'ask questions'
[16:10 CET 20-11] IPE SEMINAR – Asset managers say pension funds should ask a lot of questions on managers’ approaches and general market assumptions in times of crisis, in order to make the right investment decision.
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Czech pension funds will return 0% – APF
CZECH REPUBLIC – Czech pension funds returned 1.7% in the third quarter but only under certain accounting practices, while the actual average performance for 2008 will be around 0%, IPE has learnt.
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News
German doctors fund raises retirement age
[15:50 CET 17-11] GERMANY – The doctors’ pension fund for Westfalen-Lippe (ÄVWL) has raised the retirement age to deal with a surprise increase in longevity.
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NewsGerman funds shun risk, abandon target returns – poll
[16:30 CET 13-11] GERMANY – Risk aversion has become much more of a priority for large German institutional investors, according to the latest poll by Union Investment.
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NewsActive management 'will survive crisis'
[15:30 CET 12-11] GLOBAL – The trend towards active asset management will survive the current economic crisis, says a prominent Austrian pension fund manager.
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News
Expert challenges Austrian pension estimates
[15:51 CET 11-11] AUSTRIA – Calculations of future pension costs in Austria's state system are up to 8% short, according to a former government advisor.
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News
Porsche cool on pension outsourcing report
[17:00 CET 10-11] GERMANY – German car manufacturer Porsche has played down newspaper reports it plans to outsource its pension liabilities.
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Pensionskassen now wary of alternatives
[16:00 CET 10-11] EUROPE – The financial crisis may have ended the extensive growth in alternative investments seen over the last years, Pensionskassen have suggested to IPE.
