All articles by Barbara Ottawa – Page 69
-
NewsGenerali finalises AMB Pensor merger
[16:05 CEST 22-09] GERMANY – The German branch of insurer Generali has completed the merger of its two pensionsfonds AMB and Pensor, to produce a €250m fund.
-
News
Court strengthens insurance-based pension terms
[17:05 CEST 17-09] GERMANY – A German court has ruled that charging upfront fees related to setting up a life insurance contract for corporate pensions is only partly within the legal framework for occupational pensions.
-
News
BPK scraps additional contributions
[16:15 CEST 16-09] SWITZERLAND - The CHF7.9bn (€5.2bn) Bernische Pensionskasse (BPK) has reviewed its recovery plans and will reduce its interest rate paid to members from January, just as regular contributions will rise.
-
News
UBS pension fund in need of new head
[16:00 CEST 15-09] SWITZERLAND – Christoph Schenk, chief executive of the CHF19bn (€12.6bn) UBS pensionskasse, will leave his position on October 1, IPE has learnt.
-
News
Ascoop returns 7.29% to July
[16:55 CEST 14-09] SWITZERLAND – The CHF2bn (€1.3bn) multi-employer fund for the Swiss transport industry is back on positive ground with its old strategic allocation.
-
News
German BMF accepts ECJ ruling on Riester
[16:45 CEST 10-09] GERMANY/EUROPE – The European Courts of Justice (ECJ) ruled today that Germany was violating European Union regulations on freedom of movement with parts of its law on the state-subsidized supplementary Riester pension.
-
News
Romanian funds increase equity allocation
ROMANIA – Equity levels among second pillar pension funds have increased to between 5 and 6% over the last few months but remain low compared to last year, latest figures from the Romanian pension fund association (APAPR) have revealed.
-
News
Swiss rail fund recovery go-ahead under new chief
[17:20 CEST 09-09] SWITZERLAND - Markus Hübscher who will take over in November as head of the Swiss federal railway pension fund (SBB PK) will be implementing a ten-year recovery plan.
-
News
Lithuanian funds gain 13% in first eight months
[17:20 CEST 09-09] LITHUANIA – The 28 funds in the Lithuanian second pillar posted an average return of 12.79% for the first eight months of 2009 after 19.9% losses in the previous year.
-
News
Estonian LHV fund shows best results
ESTONIA – Recovering equity markets have boosted Estonian pension plans but the return rates differed greatly among the six providers in the mandatory market.
-
News
Swiss funds need board member training
[17:50 CEST 07-09] SWITZERLAND – While close to all Swiss pension funds are complying with the law and have both worker and employer representatives on the board, the level of knowledge differs greatly, according to a study commissioned by the government and published this summer.
-
News
Luzern fund recovery gets go ahead
[15:45 CEST 04-09] SWITZERLAND – The city of Luzern has agreed to a recovery plan for the CHF1bn (€660m) fund which will see CHF10m flow into the fund immediately.
-
News
German institutions do better to manage assets themselves – study
[17:15 CEST 02-09] GERMANY – Domestic institutional investors managing more than half their assets internally perform better than those that mainly outsource, according to a survey conducted by the consultancy Complementa and the Bavarian Centre of Finance.
-
News
Poland to reform pension sales activity
POLAND – The Polish government is working on a reform of the second pillar, which would see the end of sales agents working for pension funds, IPE understands.
-
News
PKE appoints CEO following staff turnover
[16:00 CEST 01-09] SWITZERLAND - The Swiss energy sector pension fund PKE has appointed Ronald Schnurrenberger as its new chief executive.
-
FeaturesAustria: Pensionskassen under construction
Austria’s coalition partners will outline a reform to the Pensionskassen system this autumn, finds Barbara Ottawa
-
FeaturesGermany: More paperwork
Low equity exposure, strict regulations regarding guarantees and a rise in actuarial interest rates have left the German pension system relatively unscathed, according to Barbara Ottawa
-
NewsASIP calculates 3.4% Swiss return
[16:40 CEST 27-08] SWITZERLAND – Swiss pension funds returned 3.4% for the first half of 2009, according to calculations made by Watson Wyatt for the Swiss pension fund association ASIP.
-
NewsEureko-PZU edge closer to settlement
POLAND – The deadline set for a settlement in the Eureko-PZU conflict will be up in a month, but negotiating parties say they are optimistic about finally reaching an agreement over Eureko's disputed shareholding in the Polish firm.
-
NewsPensionskasse begets pensionskasse
[15:20 CEST 25-08] SWITZERLAND – The Swiss multi-employer pensionskasse Publica has been granted the right to set up a pension fund for its own staff.
