All articles by Jan Wagner – Page 29
-
News
INTERVIEW: Rürup backs semi-mandatory approach
GERMANY - Professor Bert Rürup, the government’s chief economic advisor, has come out in support of a semi-mandatory corporate pension, saying the Riester reforms of 2002 have not done enough to boost the second-pillar.
-
News
Germany’s TÜV Nord in occupational pension move
GERMANY - TÜV Nord, which certifies that cars meet legal requirements, has acquired an occupational pension from German life insurer Volksfürsorge for its 7,000 employees.
-
News
Börsch-Supan calls for semi-mandatory pension
GERMANY – Leading pensions academic Axel Börsch-Supan has suggested the German government introduce a semi-mandatory corporate pension.
-
News
Commerzbank asset management earnings tumble
GERMANY – First-half earnings at Commerzbank’s asset management division fell by almost half amid a steep rise in operating costs due to stock options for top executives.
-
News
Germany: more evidence of Riester boom
GERMANY - More evidence has emerged of a boom in Riester Rente - the tax-privileged private pension launched in 2002.
-
News
Schroders hires AXA’s Köster for multi-assets
GERMANY - Schroder Investment Management in London has recruited Andreas Köster as its new director of multi-asset funds, effective immediately.
-
News
Deutsche AM posts €12bn 1H05 investor outflows
GERMANY – Deutsche Asset Management, the institutional fund arm of Deutsche Bank, suffered €12bn in investor outflows during the first half of 2005.
-
News
EU funds property exposure to surge - study
EUROPE – The exposure of European pension funds to real estate could soar to 10% from an average of 6.5% “in the near future”, a study by US-based property consultancy CB Richard Ellis suggests.
-
News
Deficit looms for German state pension scheme
GERMANY – The state-run pay-as-you-go (PAYG) pension scheme is likely to face its first deficit in 20 years this September, according to pension experts. They ascribe this to dwindling revenues and the anticipated exhaustion of a sustainable reserve.
-
News
New head for FERI institutional business
GERMANY -- Investment consultant FERI has appointed Arnd Thorn to the new position of overall institutional business head with immediate effect.
-
News
VW pension fund names Schuster’s successor
GERMANY – Volkwagen Pension Trust (VPT), the pension fund for the German car giant, has named Josef-Fidelis Senn as its new chief executive with immediate effect.
-
News
DeAM Europe chief sees institutional boost
GERMANY - Axel Benkner, chief executive of Deutsche Asset Management in Europe, says the firm’s institutional assets under management should rise by at least one-quarter within five years.
-
News
Towers Perrin buys German consulting firm Rauser
GERMANY - International consulting firm Towers Perrin has agreed to buy German occupational pensions advisor Rauser AG for an undisclosed sum.
-
News
Germany’s MAN hires actuaries Rauser
GERMANY - Engineering giant MAN Group has hired Rauser AG, a German actuarial and pensions consultancy, to help it set up an external fund to finance €1.7bn in pension liabilities and advise on strategic asset allocation.
-
News
Hewitt, Bode launch German joint venture
GERMANY – Consulting firm Hewitt Associates has formally launched its German joint venture with Bode Grabner Beye, a Munich-based actuarial and benefits consultancy.
-
News
Union Investment unveils private pension
GERMANY - Union Investment says it's the first asset manager in Germany to rollout a private pension targeted at pensioners and others above the age of 55.
-
News
German opposition shelves pension reform plans
GERMANY - The conservative opposition in Germany has shelved plans for a major pension reform if – as polls indicate – it wins a federal election in September and forms the next government.
-
News
BaFIN supports extending Solvency II to schemes
GERMANY - Financial services regulator BaFin has voiced support for the idea of extending the EU’s proposed new capital adequacy requirements for insurers, known as Solvency II, to German pension funds.
-
News
HVB sees €500m in pension assets by 2010
GERMANY - Chemie Pensionsfonds and HVB Pensionsfonds, two equity-oriented pension vehicles owned by German bank HVB, expect to take in €500m in assets by 2010 following the government’s decision to strengthen Pensionsfonds’ competitiveness.
-
News
Small German firms ‘lack corporate pensions’
GERMANY - Many of Germany’s small and midsize companies do not offer a corporate pension, even though their employees have had a legal right to it since the Riester pension reforms took effect in January 2002, a new study shows.
