IPE's CEE Coverage – Page 20
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News
Hungarian pension funds return over 20%
[16:15 CET 13-01] HUNGARY – Hungarian mandatory pension funds have made up for the losses suffered in 2008 by returning 21.3% on average over the past 12 months.
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Country Report
Hungary: A case of bad timing
Thomas Escritt reviews the decision to introduce multiple risk portfolios for supplementary pension funds
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Country Report
Russia: Deploys the big guns
Russia’s two new sovereign wealth funds were instrumental in supporting the economy during the economic crisis. Martin Delaney reports
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Country Report
Poland: On a collision course
A proposal to cut second pillar contributions to pension funds would leave most OFE pension funds unprofitable and the rest to invest in low-yielding investment strategies, finds Krystyna Krzyzak
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Country Report
Romania: Teething troubles
Economic difficulties and political turmoil have hindered but not derailed the country’s creation of a three-tier pension system. Thomas Escritt reports
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Country Report
CEE: Pensions and the economic crisis
The global recession has affected the countries of central and eastern Europe in markedly different ways. Krystyna Krzyzak analyses the significant impacts of the crisis on the region’s supplementary pensions systems
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News
Romanian pensions deliver 18.7% in 12 months
ROMANIA – Mandatory second pillar pension funds in Romania have generated a 14.6% average positive return since the start of the year, according to the latest figures from the Romanian Pension Funds’ Association (APAPR).
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News
IMF urges Ukraine to backtrack on pensions policy
UKRAINE – The International Monetary Fund has urged Ukraine to return to earlier commitments for wage and pension increases, as it argued the new social standards law passed by the parliament last month could cost up to 7% of GDP in 2010.
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News
Romanian pension returns climb as reform continues
ROMANIA – The average Romanian pension fund has generated a return of 13% in the first nine months and maintained a 17.4% return since the end of last year, when the economic crisis really hit most pension funds, according to figures from the Romanian Pension Funds Association (APAPR).
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News
Romania aims for pension reforms by December
ROMANIA – Draft pension reform laws, including increases in retirement age and elimination of 'special' pensions of certain public sector workers, has been published by the Romanian government with the aim of implementing it by the end of December to comply with agreements with the International Monetary Fund (IMF).
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News
Romanian funds increase equity allocation
ROMANIA – Equity levels among second pillar pension funds have increased to between 5 and 6% over the last few months but remain low compared to last year, latest figures from the Romanian pension fund association (APAPR) have revealed.
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Features
CEE: Reforms go forward in -challenging economic climate
Thomas Escritt, Pirkko Juntunen and Krystyna Krzyzak outline forthcoming regulatory and legislative changes to pensions in Central and Eastern Europe
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News
Romania sees fresh growth in 2009
ROMANIA – Second pillar funds in the Romanian pensions market performed a fraction better in the first seven months of this year than third pillar funds, according to the latest figures from the Romanian Pension Funds’ Association (APAPR).
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News
Latvia to tackle budget deficit with pension cuts
LATVIA – The Latvian government is planning to reduce its budget deficit for 2009 by LVL500m (€714.3m) but intends to do so, among other routes, through a major cut in pension payouts.
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News
Romanian second pillar back on schedule
ROMANIA – The IMF has agreed a financial aid package with Romania which will ensure, that the country can return to its original schedule for changes to second pillar contributions and in turn will put in place reforms.
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News
Public sector reform to boost Romanian pensions
ROMANIA – Second pillar pensions funds in Romania could see a significant boost to membership in the coming years, according to pension experts, as the government is introducing reforms to cut its budget deficit which include reducing the non-contributory pensions for some public sector workers.
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News
Poland contributes cash as pensions rise
POLAND – Polish pension funds rose in value by 5.7% last month, following improved performance for the second consecutive month in a row along with fresh cash contributions from the government – the first to be made since 2003.
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News
Croatian funds back in positive territory
CROATIA – Croatia’s four pension fund companies collectively lost 0.9% on investments in the first quarter, but data reveals they are back in positive territory now.
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News
Slovak funds grow 0.5%
SLOVAKIA – The six pension fund companies managing mandatory funds for Slovakia’s second pillar posted a positive return for the first quarter of 2009.
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News
Romania to look at pension reserve fund and life-cycling (updated)
ROMANIA – Pension fund companies in Romania will soon have to pay into a general reserve fund and they are likely to introduce the life-cycle model in their funds from 2010, according to the pensions regulator.
