All articles by Jan Wagner – Page 18
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News
New German asset management consultancy launched
GERMANY – Two former executives at fund administrator BHW Invest have launched a new consulting firm targeted mainly at German asset managers.
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Basle bails out underfunded pension fund
SWITZERLAND – Basle’s government has disclosed details of a planned bail-out of Pensionskasse Basel-Stadt (PKBS), one of Switzerland’s biggest public pension funds with CHF7.2bn (€4.6bn) in assets.
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Germany’s giant BVV discloses returns
GERMANY – BVV, Germany’s largest Pensionskasse with €17.7bn in assets, says its net return under German accounting rules improved to 5.4% in 2005 from 5% in 2004.
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German pension funds face Solvency II regime
GERMANY – Financial services regulator BaFin says it wants to apply parts of the Solvency II insurance regime to certain German pension funds, regardless of whether a future EU directive requires this or not.
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Saxony-Anhalt plans civil service pension fund
GERMANY – The eastern German state of Saxony-Anhalt plans to set up a pension fund for its civil servants from 2008, saying the move is necessary to relieve long-term pressure on its budget.
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Pictet boosts German institutional team
GERMANY – The German arm of Pictet Asset Management has recruited Tanja Traupe from rival Invesco for the new position of director, institutional investors.
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Swiss postal fund MD quits over strategy
SWITZERLAND – Walter Kohler, managing director of Pensionskasse Post, a CHF12.2bn (€7.8bn) fund for Swiss postal employees, has quit his post with immediate effect.
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Germany to seek pension portability compromise
GERMANY – Pensions minister Franz Müntefering has announced that the government will seek a compromise on the EU’s proposed directive on pensions portability that is more in the interest of the country’s pensions industry.
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Germany's Aba blasts pension portability plan
GERMANY – German occupational pensions lobby group Aba today lambasted the proposed EU directive on pensions portability, arguing that it would raise costs to German employers by at least 20%-30% in its current form.
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German association fears for corporate pensions
GERMANY – Boy-Jürgen Andresen, chairman of German occupational pensions association Aba, has warned that the further development of corporate pensions in Germany is in peril unless the government prolongs a social tax exemption for defined contribution schemes.
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Germany plans huge pension insolvency fund
GERMANY – The government has confirmed plans to have insolvency protection for corporate pensions financed via a new multi-billion euro fund, instead of the current pay-as-you-go (PAYG) system.
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German schemes welcome Schuldscheine ratings
GERMANY – German pension funds have welcomed an announcement by international rating agency Moody’s that it will begin rating Schuldscheine (non-negotiable loan certificates) issued by German companies.
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Features
Firms in Germany plan pan-European schemes
Nearly half the big companies active in Germany plan to create some type of pan-European pension scheme by 2010 following the emergence of the EU pension fund directive, according to a new study by consultant Rauser Towers Perrin. The consultancy firm found 42% of the companies said they would create ...
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Features
Turning overtime into downtime
Ask asset managers doing business with German corporate pensions what they feel is driving the industry these days, and many will rattle off two acronyms: “CTAs and ZWKs”. No need to worry if these acronyms don’t ring a bell. No one outside of corporate pensions in Germany has a clue ...
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Features
Mandatory call in Germany
The German Union Federation (DGB) has urged the government to make it compulsory for employers to offer corporate pensions to their employees. Speaking in Berlin, DGB vice chairman Ursula Engelen-Kefer said the move was necessary to, in the first place, compensate for future reductions in the state pension. As a ...
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News
Swiss SRI boosted by pension funds – study
SWITZERLAND – Pension funds have been the main reason why Switzerland’s socially responsible investment (SRI) volume has more than doubled since 2001, a new study claims.
