All articles by Barbara Ottawa – Page 87
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News
“Strong investor" could help small UBS shareholders - Profond
[16:30 CET 30-01] SWITZERLAND – President of the Pensionskasse Profond, Herbert Brändli, has suggested having one large shareholder at Swiss bank UBS might prevent similar “mistakes by the management” which led to losses of several billion Swiss francs last year.
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News
Swiss funds saved by direct real estate
[12:30 CET 29-01] SWITZERLAND – Direct ownership of domestic property helped Swiss pension funds bring up their performance from just under 1% on average to over 2%.
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NewsNew player enters Austrian MVK market
[11:30 CET 28-01] AUSTRIA – Markus Zeilinger, former chairman of the board at the Bonus Pensionskasse and Mitarbeitervorsorgekasse (MVK), is setting up a new Vorsorgekasse for severance pay MVK.
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NewsSwiss pension funds miss minimum rate
[16:50 CET 25-01] SWITZERLAND – Swiss Pensionskassen returns for 2007 will be “only just positive”, Christoph Ryter, president of the pension fund federation ASIP, told IPE.
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News
MetallRente posts negative return
[14:00 CET 24-01] GERMANY – The MetallRente pension fund saw its assets grow from €781m to €1bn in 2007, despite a negative return of -2.6%.
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News
Pensionskassen under pressure
[16:20 CET 23-01] AUSTRIA – Labour organisations are demanding more guarantees for returns on pension assets, following publication of annual return, but Pensionskassen are urging members to see the whole picture.
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News
Right issue too costly, says UBS
[16:45 CET 22-01] SWITZERLAND – Swiss bank UBS has angered smaller shareholders by planning an exclusive capital increase with the help of two Asian institutional investors.
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News
SAM hires former pension fund head
[12:30 CET 21-01] SWITZERLAND – Ex-Pension Fund Services (PFS) chief executive Reto Kuhn will head a new division at Zurich-based Sustainable Asset Management (SAM).
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News
Eureko and Polish treasury agree to talk over PZU
[14:40 CET 18-01] POLAND – Dutch insurer Eureko and the Polish treasury will form a working group to solve the long-running and often bitter dispute dispute over the privatisation of PZU.
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News
Austrian funds at 2% 'do better than many funds elsewhere'
[15:00 CET 17-01] AUSTRIA – Pensionskassen achieved an average return of 2% over the last year which helped increase assets to €13.1bn from €12.5bn at end-2006.
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Features
Rights and wrongs of default funds
Customised default funds or blanket solutions, choice or guided decisions. The issue of creating the right default funds for defined contribution systems was the subject of discussion among Nobel Laureates, academics and investment specialists at Pioneer Investments’ second European Colloquia in Vienna.
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News
CEE markets hit by inflation – conference
[16:58 CET 15-01] CEE – Inflation caused by rising food and energy prices in the aftermath of the credit crunch is the main worry of Eastern European economies but for some also a major opportunity, delegates at a conference in Vienna heard today.
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News
Polish funds grow 20%, without manager help
[16:15 CET 14-01] POLAND – Polish pension funds grew 20% over the last year - surpassing the PLN140bn (€39bn) mark - thanks to more money flowing in from the state social security fund ZUS as well as higher fees.
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News
Pioneer Austria loses €600m in institutional assets
[15:45 CET 11-01] AUSTRIA – Over the last year 2007 Pioneer Investments Austria (PIA) saw outflows of €600m in its institutional business.
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News
Movement in PZU dispute
[15:30 CET 10-01] POLAND – The new Polish treasury minister Aleksander Grad will be meeting with representatives of Dutch insurer Eureko to discuss the future of insurance giant PZU.
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News
Pensions regulation endangers stock exchange - IMF
[14:45 CET 09-01] BULGARIA – Strict pension fund regulations are hampering the development of the Bulgarian stock exchange (BSE) the International Monetary Fund (IMF) has warned.
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NewsAbolishing mandatory system creates new mountain – ASIP
[16:00 CET 07-01] SWITZERLAND – Abolishing the mandatory section of the Swiss second pillar pension provision would worsen rather than ease the financial crisis in the first pillar, according to Hanspeter Konrad, president of the federation of Swiss Pensionskassen ASIP.
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News
Aargau to pay CHF1.7bn into pension
[14:00 CET 21-12] SWITZERLAND – Standard & Poor’s has awarded the Swiss canton of Aargau the top credit rating ‘AAA’ partly because of the region’s commitment to fully fund its Pensionskasse from next year.
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News
UBS under pressure over subprime losses
[16:30 CET 20-12] SWITZERLAND – Asset manager Ethos has demanded clarification from Swiss bank UBS about its losses incurred as a result of the credit crunch this year.
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News
Hungarian funds increase equity exposure
[13:00 CET 19-12] HUNGARY – Pension funds will start to double equity exposure in some portfolios from January in anticipation of new regulation.
