All articles by Barbara Ottawa – Page 85
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German pensions system "too complicated"
[15:45 CET 28-03] GERMANY – Supplementary retirement vehicles need to be simplified in order to boost the country's second pillar, the German banking federation “Bankenverband” has suggested.
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Vienna Insurance widens doorway to CEE
[16:00 CET 27-03] EUROPE – Vienna Insurance Group (CIG) is aiming to strengthen its CEE life insurance offering, which includes pension products, with the acquisition of Erste Bank's insurance arm.
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BLPK at top end of Swiss performers
[16:30 CET 26-03] SWITZERLAND – The CHF5.2bn (€3.3bn) Basellandschaftliche Pensionskasse generated a 4%return on investments in 2007.
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Poland and Eureko seek final court settlement
POLAND – The Polish government and Dutch financial group Eureko have agreed any compromise reached in talks over Polish insurer PZU will be made subject to approval by a Polish court.
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Generali goes after Austrian pensions business
[15:00 CET 13-03] AUSTRIA – Hemma Massera, former head of actuarial and benefit consultant Greco, joins Generali to head a new unit specialised in occupational pension products.
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Swiss AHV returns just remain positive
[16:30 CET 12-03] SWITZERLAND – The Swiss first pillar fund AHV saw its return fall to 0.4% last year compared to 6.8% in 2006.
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Germans' pensions saving “not efficient” - Fidelity
[16:55 CET 11-03] GERMANY – A large majority of Germans are scared about their retirement provision and this fear is leading to “inefficient savings”, Fidelity International has suggested.
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Slovakia makes opting-out easier
SLOVAKIA – People who want to opt out of the Slovak second pension pillar no longer need to have their signatures on the leaving contracts notarised.
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FeaturesEU warning over tax discrimination
Germany and Estonia received formal notices from the European Commission requesting information concerning different tax treatment of foreign pension funds on dividends and interest.
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NewsVolatile markets widen Basle hole to CHF2.8bn
[13:30 CET 07-03] SWITZERLAND – The city of Basle has to earmark CHF79m more than expected from the budget for fully funding the pension fund of its employees (PKBS).
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IMF warns against first pillar opt-out
[14:00 CET 06-03] CZECH REPUBLIC - Allowing people to opt out of the pay-as-you-go state pension pillar might end in consumption decline in the long run, the International Monetary Fund (IMF) has warned.
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MLP strengthens occupational pension position
[16:40 CET 04-03] GERMANY – Financial services group MLP has acquired pension consultant TPC for an undisclosed sum.
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Selection isn't everything, fund tells Mercer
[16:30 CET 03-03] AUSTRIA – Selection of the right manager alone does not necessarily lead to a better performance, ÖPAG head Johannes Ziegelbecker told IPE.
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Ethos and Profond fail with UBS motions
[16:30 CET 28-02] SWITZERLAND – Swiss bank UBS will increase its capital without the help of ordinary shareholders and there will be no special audit on subprime losses, it was decided at an EGM yesterday, but insiders claim “shareholders sent a message to the board”.
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Market turbulence "harms pensions insurance market"
[16:15 CET 27-02AUSTRIA – Insurance group Allianz outperformed the market in life insurance and second-pillar insurance products last year despite “strong headwinds”, but officials have warned turbulence could hinder pensions take-up.
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ASIP finds median performance at 1.8%
[12:15 CET 26-02] SWITZERLAND – The Swiss pension fund association ASIP calculated a median performance of 1.8% with emerging markets equity and real estate contributing most positively.
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Market dropout sparks Hungarian consolidation
[15:45 CET 25-02] HUNGARY – Austrian insurance group UNIQA has sold its Hungarian pension asset management to Dutch financial group AEGON because it felt the pressure of consolidation.
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SAM powered by global warming to eco funds
[11:00 CET 25-02] SWITZERLAND – Sustainable Asset Managment (SAM) saw its assets under management double over the last year as interest in eco-related investments increased.
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Europeans "rely on occupational pension"
[11:30 CET 21-02] EUROPE – More and more people see the responsibility to provide guaranteed retirement income with the employer, AXA insurance found in its latest pension barometer.
