All articles by Barbara Ottawa – Page 58
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NewsGerman roundup: BVI, Delta Lloyd
GERMANY – Inflows into Spezialfonds are set to exceed 2009’s total volume, according July figures released by the investment and asset management association BVI.
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NewsAberdeen touts emerging market debt despite lack of research
GLOBAL – Pension funds should not wait for emerging market debt to become more researched and re-valued, but look to invest now that yield spreads are still attractive, according to Aberdeen.
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NewsSwitzerland's AHV cites 'positive' first-half results
SWITZERLAND – Marco Netzer, president of first-pillar pension fund AHV, has reported a "positive result" for the first half of 2010 and said he was "not too bothered" about the current weakness of the euro and other currencies.
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NewsSwiss roundup: BVG minimum return, APK
SWITZERLAND – The Swiss occupational pension commission has recommended the government keep the minimum return rate for Pensionskassen at current levels.
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NewsChamber of Pension Funds says Polish transfer 'off the table'
POLAND – The proposal to take funds from Poland's mandatory second pillar and transfer them into the state pension "will not be realised" following talks between prime minister Donald Tusk and representatives of the country's pension funds, Dariusz Stanko, advisor to the president of the Polish Chamber of Pension Funds ...
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NewsTender roundup: AHV, Hewitt, LCP
EUROPE – The CHF26.5bn (€20.2bn) Swiss first-pillar fund AHV is looking for one or more active commodities future managers.
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NewsPolish PM attacks pension funds on fees, performance
POLAND – Donald Tusk, Poland's prime minister, has demanded that second-pillar pension funds in his country cut costs and ensure higher pension benefits.
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Equity quotas for Austrian funds will stay at 30%, says FVPK
AUSTRIA – Equity quotas for Austrian Pensionskassen have returned to around 30% from a 25% dip in 2008, and they are set to remain at that level for years to come, according to the Austrian Association of Pensionskassen (FVPK).
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NewsASIP members dump hedge funds, return 0% in H1
SWITZERLAND – The median return of a selection of 68 member funds of ASIP, the Swiss Pensionskassen association, was 0% for the first six months of 2010, according to Towers Watson.
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NewsBDO to check accounts of scandal-ridden pension fund
SWITZERLAND – The regional government of Zurich has hired Swiss accountancy BDO to look into the mandates and investments of the scandal-ridden public fund for the city's civil servants (BVK).
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NewsGerman pension funds 'absurd' to ditch equities, academics say
GERMANY – Equities are vital to maintaining return opportunities in second-pillar pensions, according to a study into the effects of the crisis on the German pension system.
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NewsGermany simplifies transfer of accrued benefits
GERMANY – Moving accrued benefits between different forms of retirement provision vehicles in Germany will now be easier, as regulations were extended to include certain Pensionsfonds.
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NewsUBS unlikely to change mind on possible lawsuit, Actares says
SWITZERLAND – Shareholder lobby group Actares is "not very optimistic" UBS has changed its mind regarding the planned court case against former members of the Swiss bank's board.
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Turkish pension funds return 3.6% in first half
TURKEY – Declining interest rates have forced Turkey to ease pension asset allocation regulations, but for some the reforms have not gone far enough.
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NewsLow Bund yields tax German investors, consultants
GERMANY – Record low Bund yields have very ambivalent effects on German institutional investors, increasing assets and liabilities at the same time, consultancies are pointing out.
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NewsSwiss Pensionskassen return to the red
SWITZERLAND – After a year of consolidation the average Swiss Pensionskasse has fallen below a 100% funding level, calculates Swisscanto
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NewsArrested former Swiss pension manager had job 'on the side'
SWITZERLAND – The former head of asset management at the civil servants' pension fund in Zürich (BVK) also managed around CHF200m (€144m) for a university fund.
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NewsGermans asked to work longer, not retire later
GERMANY – A planned increase in the statutory retirement age should be postponed to prevent “pension cuts”, the opposition party SPD has demanded.
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NewsSwiss roundup: Social ministry BSV, State Street index
SWITZERLAND – The Swiss social ministry BSV is tendering another survey into second-pillar costs, this time focusing on asset management fees.
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Slovakian pension funds return 0.6% in first half
SLOVAKIA – The International Monetary Fund (IMF) has called on Slovakia to create a more stable environment for second-pillar pensions, as pension funds in the country returned just 0.6% over the first six months.
