All articles by Barbara Ottawa – Page 78
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News
Romanian funds shrink equity exposure
ROMANIA – Investment in equities by the newly-established Romanian second pillar funds has now reached a record low of 2% at end-October.
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Swiss households lost CHF1.8m through 2nd pillar
[16:15 CET 20-11] SWITZERLAND – Swiss households’ savings in Pensionskassen and insurances grew only half as much as in 2007 than in the year before, according to the Swiss National Bank (SNB).
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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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News
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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News
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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News
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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News
Allianz harvests seed company
[15:00 CET 28-10] GERMANY – A German SME specialising in seeds and plants has joined the Allianz retirement vehicle.
