All articles by Barbara Ottawa – Page 68
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News
Pension groups dread pan-European fund
[17:20 CEST 16-10] EUROPE – Creating a pan-European pension fund for mobile researchers would not be in the interest of the members of such a scheme, according to representatives at the conference of the European Association of Public Sector Pension Institutions (EAPSPI) in Berlin.
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News
Boutique forecasts a decade of low interest rates
[17:10 CEST 16-10] EUROPE - There will be no end to the US Federal Reserve’s low interest rate policy within the next few years, so returns from bonds and money market instruments will be insufficient to meet pension fund targets, according to Jens Ehrhardt, founder of multi-asset boutique DJE.
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News
Germany's BMF is critical of powerful EU supervisor
[16:45 CEST 14-10] GERMANY/EUROPE – The German Finance Ministry (BMF) is fearful that the European Commission's plans for a new supervisory structure will give pan-European bodies more influence over national retirement systems.
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News
Switzerland leaves minimum pension rate at 2%
[15:20 CEST 14-10] SWITZERLAND – The Swiss government set the minimum rate for second pillar pension funds at 2% for 2010.
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News
Germany's BDA wants risk-based pensions levy
[16:40 CEST 13-10] GERMANY – Switching to a risk-based levy for the German pension insolvency lifeboat Pensionssicherungsverein could help to considerably reduce contributions to the scheme in the long-run, according to Alexander Gunkel from the German federation of employer representatives.
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News
Erste creates AM umbrella and targets CEE
[17:15 CEST 12-10] AUSTRIA – The banking and management group Erste has created Erste Asset Management(EAM), a new umbrella to combine all of its asset management business in Austria and the CEE region.
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News
Slovak funds see turnaround in Q3
SLOVAKIA – Slovak funds have further strengthened their positive return base for 2009 thanks to a 0.6% investment return in the third quarter, according to data published by the pension fund organisation ADSS.
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NewsPensionskassen doubt regulatory value of Tobin tax
[15:56 CEST 07-10] AUSTRIA - Austria's government and trade unions are pushing for the introduction of an EU Tobin tax on financial transactions, but the country's pension funds doubt that it will have the desired regulatory effect.
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NewsAustrian pension funds report 7% return
[17:10 CEST 06-10] AUSTRIA – In the first nine months of this year the 19 Austrian pensionskassen returned 7.35%, according to the pension fund association FVPK.
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NewsRaiffeisen buys into Albanian pension system
[14:00 CEST 05-10] ALBANIA – The Albanian branch of the Raiffeisen group has bought the biggest pension provider in the market.
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News
Macedonian funds grow 4% in H1
[16:30 CEST 01-10] MACEDONIA – The Republic of Macedonia’s two funds of the mandatory pensions system returned 3.7% and 4.3% respectively over the first six months.
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News
Mercer to take on Babcock-Borsig pensionskasse
[16:10 CEST 01-10] GERMANY - The pensionskasse of insolvent energy industry service provider Babcock-Borsig will in future be administered by Mercer instead of Swiss Life.
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Country Report
Clear boundaries ahead
An amendment to the legislative framework for pensions aims to reduce the number of supervisory authorities for Pensionskassen with clearer structures and more unified rules on governance, finds Barbara Ottawa
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News
Profond changes fee-structure post-crisis
[16:10 CEST 30-09] SWITZERLAND – The CHF2.2bn (€1.46bn) Swiss multi-employer pensionskasse Profond has changed the fee structure for its portfolio managers, in a bid to reduce costs.
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News
German BVI expects pension tax changes
[17:00 CEST 29-09] GERMANY – The German investment association (BVI) predict there will be amendments to the occupational pension sector rules, especially when it comes to equal tax opportunities for investment funds, following the change of the government coalition in Germany.
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News
Hungarian pensions face investment cull
[17:00 CEST 28-09] HUNGARY – Plans by the Hungarian government to cap investments in foreign assets have been criticised by Hungarian pension funds.
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News
Pensionskassen are 'confident' about Austrian court action
[15:45 CEST 25-09] AUSTRIA – Austrian opposition parties have called on the constitutional court to look into the law on pension funds following last year’s investment losses, but the pension fund association is confident the action will be dismissed.
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News
Row over Swiss funding levels
[16:50 CEST 24-09] SWITZERLAND – Many pension funds are back to full funding after a significant market recovery in the first half of 2009 but Swiss experts say widely differing calculations on average 2008 funding levels have left them confused as to what pension funds' true funding levels are.
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News
Swiss pension funds continue 'say-on-pay' struggle
[16:15 CEST 24-09] SWITZERLAND – The Ethos foundation together with eight pension funds is planning to petition for 'say-on-pay' at another four large Swiss listed companies.
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News
Expert claims interest in alternatives is waning
[16:40 CEST 23-09] SWITZERLAND – The boom in alternatives has been broken by the financial crisis and Swiss investors are placing their money elsewhere, Michael Brandenberger of Swiss consultancy Complementa has suggested.
