All articles by Barbara Ottawa – Page 80
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News
ÖPAG loses head
[16:00 CEST 23-09] AUSTRIA – Johannes Ziegelbecker, who has run the Austrian multi-employer Pensionskasse ÖPAG since its launch in 1990, has resigned from his position as CEO.
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Minimum return rate to be slashed
[16:45 CEST 22-09] SWITZERLAND – Next year’s minimum return rate required from Pensionskassen might be up to 1 percentage point lower than the current rate, at the same time as Switzerland is widening the use of the "prudent person principle".
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News
Structured products least of worries – PK head
[14:30 CEST 19-08] SWITZERLAND – The Pensionskasse of the Swiss city of Luzern might be facing losses because it held structured products with the now insolvent Lehman Brothers, but the fund’s head, Konrad Wüest, told IPE this was not the main problem at the moment.
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News
150,000 to join BPK
[17:10 CEST 18-09] AUSTRIA – Civil servants born after 1954 will be joining the existing Bundespensionskasse BPK, government and unions agreed yesterday.
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Polsat sale 'likely' - source
POLAND – The smallest pension fund in the Polish market, Polsat OFE, is "likely to be sold”, IPE has learnt.
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ÖPAG halts cross-border plans
[15:45 CEST 16-09] AUSTRIA – Differences in labour and social laws across Europe are slowing down Austrian Pensionskasse ÖPAG's plans to go cross-border, IPE has learnt.
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Profond goes international
[16:00 CEST 15-09] LIECHTENSTEIN – Swiss retirement service provider B+B, which runs the Profond Pensionskasse, has set up a subsidiary in Liechtenstein in a bid to target international clients.
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NewsJürg Maurer leaves Rieter fund
[17:10 CEST 12-09] SWITZERLAND – The pension fund of Swiss textile company Rieter is losing its portfolio manager Jürg Maurer as he is leaving to set up his own asset management business.
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NewsBonus focuses on SRI in 'dark times'
[14:00 CEST 11-09] AUSTRIA – The smallest of the Austrian multi-employer pension funds is upping its sustainability investments in a year which the new chairman at Bonus Pensionskasse, Peter Deutsch, describes as 'rather dark'.
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NewsSwiss study suggests change to pension age and VAT
[16:45 CEST 10-09] SWITZERLAND – A study produced by the Swiss social ministry has recommended raising the VAT rate and getting rid of the statutory retirement age could help the Swiss pension system to remain sustainable.
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State pension no longer safe bet, finds DIA
[16:15 CEST 09-09] GERMANY – The German institute for retirement provision DIA has presented research revealing the state pension plan leaves pensioners bearing more risk than a funded pension plan.
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Allianz responds to demand for Pensionsfonds risk
[16:15 CEST 22-08] GERMANY – German financial group Allianz is relaunching its “Pensionsfonds Chance” offering to deliver various risk levels, on the back of demand from clients who want to pay lower additional contributions.
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News
Albania's second pillar is as good as ready
[15:30 CEST 21-08] ALBANIA – There is a political consensus in Albania from its two major parties to introduce a mandatory second pillar pension – but experts say it will have to wait until after the elections in autumn 2009.
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Optimum allocation for civil servants’ pensions revealed
[15:15 CEST 21-08] GERMANY – A study into civil servant pension funds for German provinces has found the ideal asset allocation is 22% equities, 47% bonds and 30% real estate.
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News
Work pension valued most by old and rich - WW
[16:00 CEST 19-08] GERMANY – The more German employees earn and the closer they get to retirement the more they value supplementary pension arrangements at their workplace, Watson Wyatt Heissmann has discovered.
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VBV and APK beat the market
[15:30 CEST 14-08] AUSTRIA – Implementation of an overlay strategy and increased exposure to hedge funds have helped the €4.2bn VBV Pensionskasse to beat the market in the first half of 2008, its new CIO has told IPE.
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News
Ethos warms to 'positive' UBS moves, but S&P is hesitant
[16:15 CEST 13-08] SWITZERLAND – The Swiss Ethosfund has welcomed new appointments to the UBS board but ratings agency S&P is still questioning whether the Swiss-based firm can improve its position in the short-term.
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News
UBS moves for a three-way split
[15:45 CEST 12-08] SWITZERLAND – Crisis-ridden Swiss bank UBS has decided to change its structure from a “one firm” business model to a group with three autonomous business divisions, in the wake of yet more losses at the firm.
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News
Aegon seeks regrowth at end of merger transition
POLAND – Officials are hoping fewer Poles will opt to leave these funds now the legal transition period for merged pension funds Aegon and Skarbiec Emerytura has ended.
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News
AmCham criticises German SWF hurdles
[16:15 CEST 08-08] GERMANY – Plans by the German government to raise bars for sovereign wealth funds (SWFs) to invest in German companies have come under fire from the American Chamber of Commerce (AmCham).
