All articles by Jan Wagner – Page 24
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News
Swiss official backs individual pension accounts
SWITZERLAND – The chief economist of the Swiss central bank has backed the idea of individual pension accounts – saying they could boost labour mobility and “work effort”.
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News
ATP named best European pension fund 2005
EUROPE – Denmark´s ATP has been named overall Best European Pension Fund in 2005 at the annual IPE Awards in Berlin. It was also named Best European Public Pension Fund as well as scooping the top award for Denmark and risk management.
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News
MEAG targets third-party growth
GERMANY – MEAG, the asset management arm of reinsurance giant Munich Re, plans to expand its third-party business by between 25-30% annually, according to Robert Helm, managing director at MEAG responsible for third-party business.
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News
Metzler posts 28% rise in institutional assets
GERMANY – A mix of mandates for institutional funds and one for a so-called ‘master fund’ has enabled Metzler Asset Management to lift its institutional assets to above €20bn – an increase of 28% from the end of 2004.
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News
KarstadtQuelle denies pension trust report
GERMANY – KarstadtQuelle, Germany’s second-biggest retailer, has denied that it is tapping its own contractual trust arrangement (CTA) for €200m in capital to reduce long-term debt.
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News
European schemes wary of structured products
EUROPE – Three major European pension funds have ruled out the possibility of investing in structured products for now, saying the products are far too complex and lack transparency – with one saying the asset class is a “nightmare”.
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News
IPE Awards report: OECD, AP7
EUROPE – Senior officials from the Organisation for Economic Cooperation and Development and the Seventh Swedish Pension Fund AP7 have outlined some of their latest thinking at the annual IPE Awards in Berlin today.
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News
Lenfers takes up new post with Sarasin
GERMANY – The German arm of Swiss asset manager Sarasin has recruited Marco Lenfers from a German private bank for the new position of senior advisor, institutional clients.
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Features
Swiss in 2% rate plea
Pension fund association ASIP has urged the government to lower the guaranteed return on pension contributions, insisting that the move is critical to improving the financial health of its members. Earlier this year, the Swiss government decided to leave the rate in question at 2.5%. “An adjustment to the ...
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News
DeAM sees €15bn contractural trust market
GERMANY – Deutsche Asset Management expects that the German market for contractural trust arrangements (CTAs) – vehicles that permit companies to finance their pension liabilities off-balance sheet – to total at least €15bn in 2006.
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News
Uncertainty over BaFin real estate stress tests
GERMANY – BaFin, the German financial services regulator, has yet to make a decision on whether to include real estate investments in the so-called “stress tests” that it requires German lifer insurers and insurance-tied pension funds to undergo.
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News
EADS taps Invesco for overtime accounts
GERMANY – European aerospace and defence giant EADS has confirmed that Invesco’s German arm will set up and manage so-called “overtime accounts” for all its employees in Germany.
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News
BASF’s Belgian pension director steps down
BELGIUM – Sven Van Wichelen, director of the Belgian pension fund for German chemical giant BASF, is stepping down as of 1 December, the fund has confirmed.
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News
SEI sees 25% European growth
EUROPE – SEI, the US-based multi-manager fund provider, expects to grow its business in Europe by 25% annually, with nearly all of that growth taking place in the UK, its managing director for Europe says.
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News
DeAM sees German pension market growth
GERMANY – Deutsche Asset Management has predicted that the German market for occupational and private pensions will expand to around €5trn in 2030 – or five times the current volume.
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News
Demand for Germany’s Riester pensions surges
GERMANY – Demand for the Riester-Rente, a government-subsidised private pension launched in 2002, has increased dramatically this year, the German finance ministry has reported.
