All articles by Jan Wagner – Page 22
-
Features
Germany's Aba warns of DC risks
Germany’s occupational pensions association Aba has come out against the proliferation of defined contribution plans in Germany, arguing that DC creates new risks for employers and is ineffective. Although German occupational pension schemes have traditionally been defined benefit in nature, many companies are switching to DC. Prominent examples include steel ...
-
News
Record demand for Germany’s Riester pensions
GERMANY- Demand for the ‘Riester-Rente’, a government-subsidised private pension launched in 2002, hit a new record last quarter, pushing the total number of contracts for the pension to more than five million, according to German insurance lobby GDV.
-
News
Fidelity posts German institutional outflows
GERMANY – Fidelity Investments’ ambitions for the German institutional market have been dealt a blow after its fund business in this segment had slight outflows in 2005.
-
News
MetallRente records double-digit sales growth
GERMANY – MetallRente, the pension fund for employees in Germany’s metalworking and engineering industries, has recorded another year of double-digit growth in sales of its corporate pension.
-
News
Germany’s BVV fund names Aden to board
GERMANY – BVV, a €17.7bn pension fund for the German financial services industry, has appointed Helmut Aden to replace Christoph von Langsdorff on its two-member board.
-
News
BMW considering €2.6bn pension CTA
GERMANY – Luxury car maker BMW is seriously considering removing up to €2.6bn in pension liabilities from its balance sheet and having them funded externally via a contractual trust arrangement (CTA), industry sources say.
-
News
Germany’s Müntefering acts on pension benefits
GERMANY – Franz Müntefering, the new minister for social affairs to include pensions, will soon unveil a draft law barring cuts in the state pension benefit until at least 2009.
-
News
Chemie’s 16.5% return boosted by equities
GERMANY – Chemie Pensionsfonds, an equity-oriented pensions vehicle targeted to employees in the chemical sector, achieved a 16.5% return on assets in 2005 thanks to a strong performance of equity markets.
-
News
Swiss schemes return up to 12% - consultant
SWITZERLAND – Thanks largely to a strong performance by equity markets, Swiss pension funds finished 2005 with a return of between 9% and 12%, according to Complementa, a Swiss investment consultant.
-
News
Dannheisig said to be leaving BHW Invest
GERMANY – BHW Invest, a Frankfurt-based institutional fund administrator, has declined comment on persistent market rumours that Hans-Jürgen Dannheisig, its managing director, is to leave the company.
-
News
JP Morgan shuts German master fund
GERMANY – US bank JP Morgan has confirmed that it is closing down its German ‘master fund’ business more than three years after launching it.
-
News
Rauser Towers Perrin advises DZ Bank
GERMANY – Consulting firm Rauser Towers Perrin is advising Germany’s DZ Bank on the construction of an external fund, known as a contractual trust arrangement (CTA), for €1bn in pension liabilities, industry sources say.
-
News
BHF-Bank sets up CTA to fund pension liabilities
GERMANY – BHF-Bank, one of Germany’s oldest private banks, has become the latest company to remove pension liabilities from its balance sheet and finance them via an external fund called a contractual trust arrangement (CTA).
-
News
Complementa buys FondsConsult
GERMANY – Swiss investment consultant Complementa has acquired Munich-based FondsConsult, its partner in a German consulting venture launched three years ago.
-
News
DZ Bank creates CTA for pension liabilities
GERMANY – DZ Bank, the central bank for German co-operative banks, has removed €1bn in pension liabilities from its balance sheet in order to fund them via a contractual trust arrangement (CTA), industry sources say.
-
News
HSBC sees boom in German pension CTAs
GERMANY – Contractual trust arrangements – which permit firms to fund pension liabilities off their balance sheets – should continue to boom due to great potential for CTAs among listed small-to-midsize companies, according to private bank HSBC Trinkaus & Burkhardt.
-
News
Germany’s Faros hires another FERI consultant
GERMANY – Faros Consulting, a two-year-old investment advisor for institutional clients, has hired another consultant from rival FERI.
-
News
CLARIFICATION: Sanofi-Aventis €1.5bn CTA report
GERMANY – Pharmaceuticals firm Sanofi-Aventis has clarified that a reported €1.5bn cash transfer to its German pension fund was made two years ago and that no further transfers are planned.
