All articles by Barbara Ottawa – Page 84
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News
Austrian bank to compensate pensioners
[16:05 CEST 08-05] AUSTRIA – BA-CA bank is going to compensate pensioners for cuts in benefits resulting from lower-than-expected performance in the Pensionskasse.
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News
German gov’t plans threaten pension savings – industry
[16:15 CEST 08-05] GERMANY – The German government wants to make it more attractive for companies to offer their employees shareholdings – but both employer and pension industry representatives fear this might have a negative effect on supplementary pension provision.
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TAA in Q1 disappoints Swiss funds
[11:45 CEST 08-05] SWITZERLAND – Half of Swiss pension funds made tactical adjustments to their asset allocation in the first quarter but were disappointed by the results, Swiss consultant Lusenti has found.
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Insurers see Austrians take pensions risks
[15:30 CEST 07-05] AUSTRIA – Traditional life insurance sales are on the decline while insurance-based pensions investment fund solutions are growing fast, the Austrian federation of insurers (VVÖ) said.
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Liechtenstein looks at DB switch for €230m public fund
[11:00 CEST 06-05] LIECHTENSTEIN – The CHF330m (€230m) public fund for federal employees in Liechtenstein might be changed from a defined benefit to a defined contribution system.
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FeaturesA pensions stalemate
Reform of Austria’s severance pay system in 2000 has led to a curious impasse between new dedicated savings funds and exiting pension funds. Now some are calling time on Pensionkassen, Barbara Ottawa finds
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FeaturesInstitutions focus on risk
German investment managers are seeing increasing demand for risk management services, including high reporting standards. And this has heightened in the wake of the credit crunch. Barbara Ottawa asked asset managers for their views on current thinking and on the outlook and trends in institutional business
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FeaturesTaking the CTA to the Mittelstand
Barbara Ottawa examines the reasons behind the growth of group CTA products
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NewsBertelsmann goes fiduciary (amended)
[14:55 CEST 30-04] GERMANY – Publishing group Bertelsmann has awarded a fiduciary mandate for the management of its pension liabilities, the company confirmed to IPE.
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News
Swiss property exposure hits all-time high
[14:00 CEST 29-04] SWITZERLAND – Swiss pension funds increased their average real estate allocation by 1.48 percentage points to a new record high of 17.2% over the last quarter, despite the continuing financial crisis, the Credit Suisse Pensionskassenindex shows.
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News
LV 1871 Pensionsfonds signs €29m
[12:30 CEST 29-04] LIECHTENSTEIN/ GERMANY – The Liechtenstein-registered Pensionsfonds by German insurer LV 1871 attracted €29m in its first year of existence.
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News
Polish funds back in black
POLAND – The 15 mandatory Polish pension funds (OFE) returned 0.31% in March but assets grew 2.65% because of transfers from the social security body ZUS.
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News
Pension transfer more than triples Swiss Life assets
[11:00 CEST 25-04] GERMANY – Taking over the pension of insolvent energy industry service provider Babcock-Borsig has substantially increased Swiss Life's assets in the Pensionskassen business from €200m to €700m.
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News
Kurer swaps law for the UBS chair
[13:00 CEST 24-04] SWITZERLAND – Shareholders at UBS' annual general meeting agreed to all proposals which means a CHF15bn (€9.3bn) capital increase will take place and Peter Kurer is new chairman of the board but only for one year.
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News
State could pay CHF3bn into SBB fund
[12:30 CEST 22-04] SWITZERLAND – The Swiss government has decided to come to the rescue of the ailing Federal Railways (SBB) pension fund and might contribute as much as CHF3.1bn (€1.9bn).
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News
HSBC announces team for new Austrian operation
[16:10 CEST 21-04] AUSTRIA – HSBC Investments is setting up shop in Austria's capital Vienna under former DWS sales head Franz Bartmann.
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News
Major Swiss fund set to switch to DC
[15:25 CEST 18-04] SWITZERLAND – The BPK pension fund for civil servants in the Swiss capital of Berne is switching from a defined benefit (DB) to a defined contribution (DC) scheme. The fund has assets under management of CHF8.6bn (€5.4bn).
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News
Demand for SRI continues in financial crisis
[16:50 CEST 17-04] AUSTRIA – Despite some stocks in the alternative energy sector having suffered severely in the market turbulences Austrian investors stick to sustainability, explains Martin Cech, manager at Austrian SRI asset manager Vinis.
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News
Swiss funds drop 5.6% amid "structural problems"
[16:50 CEST 16-04] SWITZERLAND – Swiss pension funds posted a negative return of -5.6% for the first quarter according to calculations by Credit Suisse at the same time as researchers have discovered structural problems with the funds.
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News
Fair-Finance BVK expands into funds
[14:00 CEST 15-04] AUSTRIA – Fair-Finance, the company launched by former Bonus pension fund head Markus Zeilinger, plans to offer sustainable investment funds and insurance products in the future, alongside the already-announced severance pay fund.
