All articles by Barbara Ottawa – Page 78
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NewsManagers urge funds 'ask questions'
[16:10 CET 20-11] IPE SEMINAR – Asset managers say pension funds should ask a lot of questions on managers’ approaches and general market assumptions in times of crisis, in order to make the right investment decision.
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Czech pension funds will return 0% – APF
CZECH REPUBLIC – Czech pension funds returned 1.7% in the third quarter but only under certain accounting practices, while the actual average performance for 2008 will be around 0%, IPE has learnt.
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German doctors fund raises retirement age
[15:50 CET 17-11] GERMANY – The doctors’ pension fund for Westfalen-Lippe (ÄVWL) has raised the retirement age to deal with a surprise increase in longevity.
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NewsGerman funds shun risk, abandon target returns – poll
[16:30 CET 13-11] GERMANY – Risk aversion has become much more of a priority for large German institutional investors, according to the latest poll by Union Investment.
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NewsActive management 'will survive crisis'
[15:30 CET 12-11] GLOBAL – The trend towards active asset management will survive the current economic crisis, says a prominent Austrian pension fund manager.
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Expert challenges Austrian pension estimates
[15:51 CET 11-11] AUSTRIA – Calculations of future pension costs in Austria's state system are up to 8% short, according to a former government advisor.
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Porsche cool on pension outsourcing report
[17:00 CET 10-11] GERMANY – German car manufacturer Porsche has played down newspaper reports it plans to outsource its pension liabilities.
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Pensionskassen now wary of alternatives
[16:00 CET 10-11] EUROPE – The financial crisis may have ended the extensive growth in alternative investments seen over the last years, Pensionskassen have suggested to IPE.
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Swiss buffers down 2.5%
[17:15 CET 07-11] SWITZERLAND – Swiss Pensionskassen saw their reserve buffers begin to melt in 2007 after two years of significant growth, official statistics have revealed.
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75% of Germans consider occupational pensions safe
[16:25 CET 06-11] GERMANY – Occupational pensions are the second-safest way to save for retirement, according to a new poll, yet a separate study shows more employers are switching to hybrid DB/DC schemes.
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Make second pillar mandatory – union head
[16:00 CET 05-11] GERMANY – The head of one of the largest German unions, IG Metall, Werner Lohre, thinks only a mandatory system can get second pillar participation to the necessary level.
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UBS risk chief returns to troubled division
[14:00 CET 04-11] SWITZERLAND – Joseph Scoby, chief risk officer at UBS, is going back to his former position as head of alternative and quantitative investments – a division which contributed to major losses in UBS’ global asset management.
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Germany attacks pensions tender obligation
[16:30 CET 03-11] GERMANY – Frank Baumeister, from Germany’s social ministry, has criticised rules set by the European Commission requiring all government-led organisations to tender for providers of occupational pensions as unfair and unncecessary.
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Austrian pension funds lose 8.4%
[16:10 CET 03-11] AUSTRIA – Austria's 19 Pensionskassen have fallen 8.4% in value since the beginning of the year and 9.2% over the last 12 months.
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Risk control creates risks, says ex-risk manager
[15:00 CET 31-10] GLOBAL – Part of the current financial crisis is down to uniform risk management systems as they lead to pro-cyclical divestments, a former risk manager has told IPE.
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Crisis "confirms" Solvency II not for pensions - Bayer
[16:00 CET 30-10] GERMANY/EUROPE – Relying solely on a mark-to-market valuation of pension assets and liabilities is too short-sighted and should therefore not be applied to pension funds, according to Stefan Nellshen, chief financial officer at German pharma giant Bayer AG and its Pensionskasse.
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CSR is 'no longer a luxury'
[17:00 CET 29-10] GLOBAL – While corporate social responsibility (CSR) is still treated by some companies as a PR measure, investors see it as an integral way of rebuilding trust, according to delegates at a CSR conference in Vienna.
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Allianz harvests seed company
[15:00 CET 28-10] GERMANY – A German SME specialising in seeds and plants has joined the Allianz retirement vehicle.
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Swiss funds bet on Swiss francs
[16:15 CET 27-10] SSWITZERLAND – Home bias is back in fashion as Swiss funds are turning towards investments in Swiss francs, especially domestic bonds – details of the Credit Suisse Pensionskassenindex reveal.
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Czech Republic adds personal pensions into fray
CZECH REPUBLIC – The Czech government is planning to restructure its pension fund system by introducing third pillar personal pension arrangements which are described as being more transparent vehicles but which do not carry a full guarantee.
