All articles by Barbara Ottawa – Page 81
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News
Allianz increases inflows with help of bonds
[16:40 CEST 07-08] EUROPE – German financial group Allianz managed to grow its net inflows in the asset management business to €33bn in the first half of 2008.
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News
Austrian funds return -4.95% in H1
[15:30 CEST 06-08] AUSTRIA – Pensionskassen in Austria saw their returns drop by 4.95% for the first half of this year, according to latest statistics revealed by the Austrian control bank (ÖKB).
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NewsBöhm joins consultancy network
[15:35 CEST 05-08] GERMANY/GLOBAL – German consultancy Böhm – soon to become Funk Böhm Consultants – has joined Abelica Global, formerly known as Milliman Global, one of the largest networks of actuaries and consultants worldwide.
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NewsPension funds 'to trigger corporate CEE bonds'
[15:30 CEST 04-08] CEE – The growth of funded second pillar systems in Central and Eastern Europe will lead to more and more corporates in the region issuing bonds, analysts from the Austrian Erste Bank group have predicted.
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News
Slovak pension returns drop just 0.7% in H1
[16:00 CEST 31-07] SLOVAKIA – Slovak pension funds suffered less from the ravages of the financial markets in the first half of 2008 than their European peers thanks to their very conservative asset allocation.
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News
Allianz mulls pan-European pension fund
[16:00 CEST 30-07] GERMANY – The insurance group Allianz is considering rolling out a pan-European pension fund but regulations could yet hinder the project.
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Regulators should aid pension consolidation – OECD
[16:40 CEST 29-07] GLOBAL – Regulators should promote pensions consolidation as small pensions funds are handicapped when it comes to setting up internal governance, a new working paper by the OECD argues.
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News
PKZH suspends rebalancing on solvency drop
[16:30 CEST 28-07] SWITZERLAND – The CHF14.5bn (€8.9bn) City of Zürich Pension Fund has decided not to make any major changes to its portfolio in light of the credit crisis, even though its funding level has now dropped from 130% in 2007 to an estimated 116% today.
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News
Is real estate increase only statistical?
[14:00 CEST 25-07] SWITZERLAND – According to the Credit Suisse Pensionskassenindex for the second quarter pension funds' exposure to foreign equities, real estate and alternative assets has increased over the last three months – but this may not have been down to active allocation decisions.
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News
Credit Suisse stems asset bleed
[16:20 CEST 24-07] SWITZERLAND – After major asset outflows in the first three months of this year Swiss bank Credit Suisse has reported more positive figures for Q2, though all is not yet well.
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News
Defendants acquitted in Vera/Pevos pensions trial
SWITZERLAND – All seven defendants in the trial around the collapse of the Vera and Pevos Pensionskassen in Switzerland in 1996 have been acquitted by a regional court and officials say it now may be too late to take the case further.
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News
BVI sees trend towards specialisation
[16:45 CEST 23-07] GERMANY – Investors are once again choosing separate providers for portfolio management and fund administration, according to the German investment and asset management federation BVI.
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News
Few Slovaks move to opt out
SLOVAKIA – Just 6% of Slovakians had chosen to leave the second pillar pension system by the end of the recently implemented 'opt-out' deadline, figures reveal, but new member inflow will be slower from now on as it is no longer mandatory.
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News
Swiss returns slump to -8.38% without property
[12:40 CEST 21-07] SWITZERLAND - Swiss Pension funds returned -8.38% for the first half of this year, according to State Street's latest Swiss Pensionskassenindex.
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News
New group targeted for German second pillar
[10:27 CEST 18-07] GERMANY – German insurance company R+V will offer low earners second pillar pension products.
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News
German SMEs confused by pension disclosure
[15:36 CEST 17-07] GERMANY – The pension provider Dgbav has warned that smaller companies are struggling with transparency rules for pensions. (amends Dgbav's label)
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NewsPolish pension funds down 2.6% in H1
POLAND – Polish pension funds reported a fall in the value of their assets of -2.6% for the first half of 2008.
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NewsNew mortality tables ease pension funding
[10:13 CEST 15-07] AUSTRIA – Mortality updates issued by the Austrian actuary association AVÖ show a slight increase in longevity but financing pensions will be cheaper than expected confirms ÖPAG Pensionskasse.
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News
Pensionskasse gets new roof
[15:26 CEST 14-07] AUSTRIA – The €1.9bn Austrian Pensionskasse ÖPAG will be included in Raiffeisen and Uniqa's soon-to-be-unveiled pensions conglomerate.
