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CEE

Castle Square in Warsaw, Poland

Polish second-pillar funds net average 12-month gain of 17.6%

Fri, 28 Apr 2017By Krystyna Krzyzak

Law dismantling second pillar to be published by mid-year

Lake Bled, Slovenia

EBRD exits investment in Slovenia’s Prva Group

Mon, 3 Apr 2017By Krystyna Krzyzak

Investment furthered Slovenian group’s expansion and market share

Aleksander Nevsky Cathedral in Sofia, Bulgaria

Bulgarian review leads to writedown of asset values

Tue, 7 Feb 2017By Krystyna Krzyzak

System is nevertheless deemed sustainable by Financial Supervision Commission

Zagreb, Croatia

Croatia’s mandatory pension fund returns strengthened in 2016

Mon, 6 Feb 2017By Krystyna Krzyzak

Pension fund association president says increased real assets exposure will help maintain returns in the future

Facade and environment of St Peter's church in Riga Latvia

Latvian second-pillar funds boost 2016 returns

Mon, 30 Jan 2017By Krystyna Krzyzak

Equity-weighted funds outperformed other classes

Lithuania's Trakai Castle

All Lithuania’s pension funds generate positive returns in 2016

Thu, 19 Jan 2017By Krystyna Krzyzak

Bond-weighted funds underwhelm, while equity funds exceed 9%

Castle Square in Warsaw, Poland

Bulk of Polish second-pillar assets looks set to stay in private sector

Mon, 19 Dec 2016By Krystyna Krzyzak

Alternative plan for total nationalisation resurfaces

Moscow, Russia

Russian pension funds return more than 10.5% year to date

Mon, 12 Dec 2016By Krystyna Krzyzak

Investment in corporate bonds, equities rises while deposits share declines

Old Town, Warsaw

Polish ministries deny report of second-pillar asset nationalisation

Fri, 18 Nov 2016By Krystyna Krzyzak

Statement calms stock exchange after earlier sell-off

Facade and environment of St Peter's church in Riga Latvia

Latvian pension-fund returns rebound over third quarter

Thu, 10 Nov 2016By Krystyna Krzyzak

Equities propel investment growth

Forest

Estonian pensions back launch of forestry fund

Mon, 7 Nov 2016By

Two of country’s biggest pensions are backing Birdeye Capital’s second timber fund

Warsaw, Poland

Polish pension funds cut 12-month losses over third quarter

Thu, 27 Oct 2016By Krystyna Krzyzak

Three-year returns shrivel due to earlier stock market losses

Kaunas, Lithuania

Lithuanian pension fund returns strengthen over third quarter

Fri, 14 Oct 2016By Krystyna Krzyzak

Higher equity weightings generate superior results

Moscow, Russia

Number of Russian pension providers shrinks as Safmar acquires trio

Wed, 7 Sep 2016By Krystyna Krzyzak

Consolidation predicted to reduce market to 30

Budapest, Hungary

CEE roundup: Hungarian National Bank, Pannónia Pension Fund

Mon, 5 Sep 2016By

Pannónia Pension Fund acquires 10% stake in MKB, one of Hungary’s biggest banks

Tallinn, Estonia

New Estonian pension provider crowdfunding start-up capital

Thu, 25 Aug 2016By Krystyna Krzyzak

Tuleva aims to offer lower management fees based on purely passive investment options

Facade and environment of St Peter's church in Riga Latvia

Latvian pension funds boost returns in second quarter

Thu, 28 Jul 2016By Krystyna Krzyzak

Second-pillar fund assets exceed €2.5bn mark by end of June

Bucharest, Romania

Romania’s second-pillar schemes return 3.65% in first half of 2016

Wed, 20 Jul 2016By Krystyna Krzyzak

All mandatory funds produce positive results

Lithuania's Trakai Castle

Lithuanian schemes generate positive returns despite 'erratic' markets

Thu, 14 Jul 2016By Krystyna Krzyzak

Bond funds outperform equity counterparts this year

Old Town, Warsaw

Dramatic overhaul of Polish pensions spells end for second pillar

Mon, 4 Jul 2016By Krystyna Krzyzak

Monies to be transferred to third pillar, Demographic Reserve Fund

All Latest CEE News

new dawns for baltic pensions

Pensions in CEE: New dawns for Baltic pensions

January 2017 (Magazine)By Reeta Ilona Paakkinen

Baltic second-pillar pension funds face common challenges in a low-return environment, such as searching for yield and illiquid opportunities in a challenging regulatory environment

Baltic pension funds: The way forward

January 2017 (Magazine)

Harijs Švarcs addresses challenges for Baltic pension funds

Croatia's pension reform: An uncertain future

January 2017 (Magazine)By

The election of a new government has added an element of uncertainty to pension reform

Romania: Political uncertainty casts shadow on second-pillar growth

January 2017 (Magazine)By

Political uncertainty means Romanian pension funds will have to wait for clarity on an increase in the second-pillar pension contribution rate

Poland: Dismantling the second pillar

January 2017 (Magazine)By Krystyna Krzyzak

Krystyna Krzyzak reportson the latest reforms to Poland’s second-pillar pensions system

All Pensions in CEE

ice floes climate change

IFoA pushes environmental issues higher up actuarial agenda

Tue, 16 May 2017By

UK actuarial association issues ‘Risk Alert’ on climate change

Pounds sterling

UK scheme surplus rules causing concern for sponsors: KPMG

Fri, 5 May 2017By

Poll of pension scheme sponsors finds average discount rate has hit negative level after inflation

ice floes climate change

Companies bow to pressure group over climate-change disclosures

Wed, 3 May 2017By

Regulator criticised for lack of transparency over negotiations with two oil and gas companies

Transition problems

May 2017 (Magazine)By

The travails of defined benefit pension schemes and insurers are well known as they seek to meet liabilities made in previous decades in today’s ultra-low-rate environment

Creative destruction is needed

May 2017 (Magazine)By

The current vogue for optimism about the prospects for the developed economies is overdone. There may be a slight cyclical upturn but its significance is limited

All News and Opinions

  • Letter from Brussels: A warm reception for PEPP

    In contrast to complaints that Brussels’s legislation burdens the financial sector, the European Commission may be gratified by the positive response to its flagship Capital Markets Union (CMU) programme. 

  • Letter from Brussels: Brexit and equivalence

    Nothing could be clearer. For the financial sector, at least, there is nothing to fear from Brexit. All the UK has to do is to apply to the EU’s rules – the crucial term ‘equivalence’

  • Letter from Brussels: Resaver’s first stage kicks off

    The European Commission’s project to set up a pension scheme for research and development professionals whose careers take them across EU borders has finally reached its first stages of operation.

  • Letter from Brussels: Unclear on clearance

    The prolongation for 18 months of pension funds’ exemption from posting collateral when trading over-the-counter (OTC) derivatives is leading PensionsEurope to seek clarification. 

  • Letter from Brussels: EU focus on tax tricks

    There is increasing attention in Brussels on company reporting, taxation and offshore financial centres. The G20 and some OECD countries have demanded country-by-country reporting rules for multinational companies with a turnover over €750m

  • Letter from Brussels: Pan-EU private schemes for 2017?

    Legislation proposing pan-EU personal pension products (PEPPs) could be tabled in 2017, according to the European Commission

  • Letter from Brussels: A vision for cross-border workers

    A former director of the European Association of Paritarian Institutions (AEIP) has proposed a new option for occupational pensions that could help the large number of workers whose careers take them across EU internal borders.

  • Letter from Brussels: Weighty in-tray for new CMU commissioner

    Valdis Dombrovskis has assumed responsibility as commissioner in charge of the flagship Capital Markets Union project. But he has also assumed the added complication of the withdrawal of the UK

  • Letter from Brussels: Posted worker woes

    It will not be the first time that proposed revisions to EU rules affecting finance and pensions get stuck in a logjam between interests groups

  • Letter from Brussels: Tax targeting continues

    Pressure to clean up the financial sector has led to copious legislation from Brussels. 

  • Letter from Brussels: Ethical pressures mount

    There are plenty of indicators of rising pressure to advance ethical standards across the financial sector. One outcome takes the form of mountains of clean-up legislation, including from Brussels. 

  • Letter from Brussels: Beefing up the CMU

    Inadequacy of European national court systems in the financial sphere is due for overhaul. Upgrade is necessary if the EU’s capital markets union programme (CMU) is going to get anywhere, according to a high-status paper

  • Letter from Brussels: Race to upgrade EFSI

    Legislative moves to support the EU’s European Fund for Strategic Investments (EFSI) are being rushed through Brussels. But, so far, evidence of any torrent of fund movement by the institutional investment sector across EU frontiers has yet to emerge.

  • Letter from Brussels: A simmering conflict

    Conflict continues to simmer over the issue of passport rights for non-EU-domiciled hedge funds across the EU

  • Letter from Brussels: A lawyer’s feast

    It is a case of tackling one challenge after another in the Capital Markets Union (CMU). According to the European Commission, the present morass of different national insolvency rules creates a barrier to the flow of capital across the EU. 

  • Letter from Brussels: Cross-border challenge for IORP II

    IORP II may have cleared the European Parliament’s committee stage but amendments tabled to the second directive covering occupational pensions since 2003 are so radical that it would be unwise to forecast its future.

  • Letter from Brussels: Focus on low returns

    Dismally low returns on EU pension fund investments over 15 years? The allegation comes in a study by Better Finance, the European Federation of Investors & Financial Services Users. The report, Pensions Savings: The Real Return, points to excessive fees, points to other charges, and badly framed taxation rules, as the culprits.

  • Cayman Islands Sign

    Letter from Brussels: Pressure builds on tax havens

    Brussels’ financial focus is on aggressive corporate tax planning and the related question of tax havens. This concerns the hedge fund ‘passport’ rights to do business across the EU and compliance of the offshore jurisdictions where they are domiciled to EU norms.

  • Letter from Brussels: A tricky path ahead

    The process of making pensions policy in Brussels between now and end of the year resembles two juggernauts moving towards each other

  • Letter from Brussels: Ready with the axe?

    The lack of demand rather than supply for both credit and capital is a common criticism from investors of the EU’s capital market union (CMU) programme

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