All articles by Barbara Ottawa – Page 67
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News
EIOPA might end up with fewer powers – Bernardino
[16:15 CET 18-11] EUROPE – The proposed new supervisory authority replacing CEIOPS might not be as powerful as currently drafted, according to Gabriel Bernardino, the new chairman of CEIOPS.
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News
Innovative SRI products needed, say pensions execs
EUROPE – Panellists at the European Pension Funds Conference in Frankfurt have called on SRI/ESG service and product providers to come up with innovative products to help pension funds adapt their investments.
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NewsGermany's MetallRente to target 80% equities
[15:30 CET 13-11] GERMANY – MetallRente, the pension group for the German metal industry, now has a target allocation of 80% equities in its Pensionsfonds - a pensions vehicle that it believes is most appropriate for young people.
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Asset managers must 'kill sacred cows' – McKinsey
[15:00 CET 13-11] EUROPE – Asset managers were saved by institutional inflows during the crisis but in order to survive it they will have to restructure their businesses, management consulting firm McKinsey & Company says.
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Pensions security overrides Swiss diversification – study
[16:50 CET 10-11] SWITZERLAND – Credit Suisse has conducted a study on the efficiency of Swiss Pensionskassen’s asset allocation, which indicates the strategies applied by schemes are “relatively efficient” but have room for improvement in terms of diversification.
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Study uncovers 'unfathomed' liquidity risks
[15:30 CET 09-11] GERMANY – A study conducted by Union Investment has claimed methods for measuring portfolio liquidity risks are insufficient. It also suggests German institutional investors are already less concerned about this risk measure, despite the recent crisis.
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News
Poland plans cut to role of pension funds
POLAND – The Polish social insurance body ZUS may be granted the right, from next summer, to manage the money that pension fund companies have to invest in government bonds.
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Better data can help annuity pricing – DC experts
[15:00 CET 04-11] EUROPE – Policymakers can help DC scheme members by providing better data on longevity to ensure fair annuity pricing, says a report by the DC working group of the Groupe Consultatif, the European umbrella organisation of national actuarial associations.
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NewsFormer head of Valais fund convicted
[14:00 CET 03-11] SWITZERLAND – Ignace Rey, the former head of the teacher’s pension fund for the Swiss canton of Valais (RVKL), has been convicted of a string of offences and sentenced to four years' imprisonment.
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News
Luzern finally secures recovery plan
[16:30 CET 02-11] SWITZERLAND – The CHF4.3bn (€2.85bn) Pensionskasse for the canton of Luzern will increase its members' retirement age and introduce additional contributions to the scheme, in a bid to get it back to full funding.
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Swiss returns now predicted to average 10.1%
[17:15 CEST 30-10] SWITZERLAND – Calculations conducted by Swisscanto suggest the average return achieved by Swiss Pensionskassen in the first nine months of this year hit 8.2%, but rival firm State Street has predicted the figure is more likely to be 10.11%.
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NewsDC schemes prevail among German execs
[13:00 CEST 29-10] GERMANY – Occupational pension plans are a fixed part of the remuneration for executives at German large companies, but evidence from consulting firm Mercer suggests most executives are now members of defined contribution (DC) schemes.
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NewsGermany sees its first full pensionsfonds transfer
[16:30 CEST 28-10] GERMANY – The German industrial services provider MAN Ferrostaal is transferring its pensionsfonds into the Allianz Pensionsfonds AG.
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NewsAustrian bodies call for 2nd pillar tax incentives
[16:20 CEST 28-10] AUSTRIA – The majority of companies would like to see more tax incentives to warrant the offering of an occupational pension scheme, a study by the Austrian economic research institute Wifo has found.
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News
Swiss pensions could be 131 days from fresh conversion
[16:30 CEST 27-10] SWITZERLAND – The Swiss government has confirmed a referendum will be held on 7 March 2010 and will include a question on the pensions conversion rate.
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News
DC plans need better design – actuaries
[15:45 CET 26-10] EUROPE – Defined contribution plans need risk mitigating features in order to banish their image as a “poor cousin” of defined benefit plans, attendees at the conference of the Groupe Consultatif, the European umbrella organisation of national actuarial associations, were told last week.
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News
Swiss pensions return to full funding
[15:45 CEST 22-10] SWITZERLAND – Swiss pensionskassen delivered an investment return of 9% for the first nine months of this year and recovering markets have helped bring funding levels of private funds back up to 100%, according to Swiss consultancy Lusenti.
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Switzerland sets indexation at 2.7%
[15:00 CEST 21-10] SWITZERLAND – All mandatory second pillar pensions paid out since 2006 will get a 2.7% indexation, the Swiss government has decided.
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News
Austrian study blames pension funds for the financial crisis
[16:15 CEST 20-10] AUSTRIA/GLOBAL – The growth of funded pension systems over the last decades has helped destabilise the equity markets, a new study commissioned by the Viennese Labour Chamber (AK Wien) concludes.
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News
Crisis forces Basel-Land to consider DC switch
[15:45 CEST 19-10] SWITZERLAND – The canton of the region of Basel is investigating whether to switch from a defined benefit scheme to a defined contribution plan for its CHF4.5bn (€3bn) public pension fund BLPK, in the wake of the recent crisis.
