All articles by Barbara Ottawa – Page 65
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NewsPolish PM halts pension reform wrangling
POLAND – The Polish government has decided not to proceed with plans to direct less money into the pensions second pillar.
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Austrian court throws out push for pension pot withdrawals
[17:00 CET 08-02] AUSTRIA – The Austrian Constitutional Court has dismissed a petition by Austrian MPs to allow beneficiaries to withdraw their benefits early should they wish so.
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Swiss Migros aims for more diversification
[15:45 CET 04-02] SWITZERLAND – The CHF15bn (€10.2bn) Pensionskasse of the Swiss retailer Migros is looking to further diversify its equity portfolio internationally after a 10.9% performance last year.
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NewsLongevity hedge could drive pension risk for BMW UK
[16:50 CET 03-02] UK – The £3.5bn (€4.3bn) BMW (UK) Operations Pension Scheme has confirmed it is looking at strategies for “risk reduction and control”.
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Serbia outlines major first pillar reform
SERBIA – Serbia is planning to raise its state retirement age by five years and create a pension register for all employees over the next 10 years.
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German corporates continue shift to pension plans
[16:40 CET 01-02] GERMANY – German companies are still committed to strengthening occupational pensions, but some firms might have chosen the wrong reasons for outsourcing liabilities, pensions experts have claimed.
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One in four Swiss plans are underfunded – Swisscanto
[15:45 CET 29-01] SWITZERLAND – A survey of over 400 Swiss pension funds conducted by Swisscanto has found two-thirds of public schemes and 20% of private plans were underfunded at the end of 2009.
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Bafin seeks clarity on Germany custody rules
[16:50 CET 28-01] GERMANY – The German regulator Bafin has issued a consultation paper on changes to the regulations governing custodian banks and asset managers, including KAGs.
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IMF tells Czechs to grow the second pillar
CZECH REPUBLIC – Moving to a fully-funded second pillar should be part of a sustainable pension reform in the Czech Republic, the International Monetary Fund (IMF) has argued.
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Luzern moves one step closer to pension recovery
[16:30 CET 25-01] SWITZERLAND – An advisory body to the regional parliament of the canton of Luzern has recommended officials approve proposed pensions recovery measures but introduce a time limit in which this must be achieved.
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Pensions should be top priority in CEE, says IMF
[16:35 CET 22-01] EUROPE – When it comes to structural reforms CEE countries should tackle pension first, a representative of the International Monetary Fund (IMF) said – and Romania is taking a first step.
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Info boosts pensions over contributions - German study
[15:30 CET 21-01] GERMANY - More information rather than higher employer contributions is the key to increasing participation in a company pension scheme, according to a study by DIA, the German institute for retirement research backed by Deutsche Bank.
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German ALM interest is growing – Hewitt
[16:30 CET 19-01] GERMANY – The need for strategic investment consulting, including asset-liability studies, will grow among German institutionals, according to the German heads of newly-branded Hewitt Associates.
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Swiss pension returns average 11% in 2009
[16:45 CET 18-01] SWITZERLAND – Swiss Pensionskassen returned an average of 10.8% and 11.56% last year, depending on the data calculation method selected.
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Austrian pension funds return 9%
[15:30 CET 15-01] AUSTRIA – The average return of Austria's 17 Pensionskassen was 9% in 2009, the pension fund association FVPK has revealed.
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Pensioners threaten court action against Siemens
[16:10 CET 14-01] AUSTRIA – Around 150 members of the Siemens Pensionskasse in Austria are looking to sue their former employer, alleging they have not received as much from their retirement vehicle as was promised.
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Hungarian pension funds return over 20%
[16:15 CET 13-01] HUNGARY – Hungarian mandatory pension funds have made up for the losses suffered in 2008 by returning 21.3% on average over the past 12 months.
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Swiss gov't to keep lump sum pension tax advantages
[16:00 CET 12-01] SWITZERLAND – People who choose to take lump sum payouts at retirement get tax advantages under the Swiss mandatory second pillar compared with those who choose regular pension payments. And it is going to stay this way, according to the government.
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Young Germans put pensions back on the agenda
[16:50 CET 11-01] GERMANY – Young Germans are thinking about supplementary retirement provision again for the first time since 2008, according to a study conducted by Union Investment.
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NewsWithout risk there is no need for funded systems – VFPK
[15:30 CET 23-12] GERMANY – Funded pension vehicles need to take some risks to ensure added value for employees, says Peter Hadasch, head of the German federation of company pension schemes VFPK.
