All articles by Jan Wagner – Page 10
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News
Faros passes €40bn mark (Correct)
GERMANY – Faros Consulting, the Frankfurt investment consultant launched three years ago, says it has surpassed the €40bn mark in terms of the volume of institutional assets under advice (Deletes incorrect mandate reference).
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News
Nestlé launches pension advisory group
EUROPE – Nestlé, the Swiss food group, has confirmed the January 1 launch of a new pension advisory unit and a new asset management unit to serve its pension schemes worldwide.
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News
New EU-Swiss pension rules agreed
SWITZERLAND – Swiss pension funds will cease paying out accrued benefits for workers who leave Switzerland for the EU as from June 2007, according to industry association ASIP.
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News
German trade schemes’ returns slip
GERMANY – Versorgungswerke, or pension funds that serve certain professional trades, saw their average return slip again in 2005 amid persistently low yields on bonds – the schemes’ most favoured asset class.
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News
Deutsche’s DWS rolls out sixth hedge fund
GERMANY – Deutsche Bank’s retail fund arm DWS is rolling out its sixth single hedge fund domiciled in Germany amid signs of growing investor demand for the products, according to DWS chief executive Klaus Kaldemorgen.
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News
BNP Paribas AM names new German head
GERMANY – The German arm of BNP Paribas Asset Management has named Ilona Wachter as its new institutional business head, effective from last December 1.
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News
BHF’s Frankfurt-Trust names new institutional chief
GERMANY – Frankfurt-Trust, the asset manager of private bank BHF-Bank, has named Gerhard Engler as its new managing director for institutional funds and corporate pension solutions. The appointment is effective from January 1.
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Features
Flying through turbulence
Germany’s largest investment consultant Feri reckons it is on track again after a takeover and adopting a new strategy. Jan Wagner reports
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News
IPE AWARDS: Panel hails CEE 2nd-pillar
EUROPE – Second-pillar pensions have taken firm root in the central- and eastern European (CEE) countries of Estonia and Hungary but play only a small role in Croatia and virtually none in the Czech Republic, according to a panel of CEE experts.
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News
Roche pension chief ‘in Swissfirst trade’ - paper
SWITZERLAND – The pension investment head for Swiss pharmaceuticals giant Roche personally profited from trading with shares of Swissfirst bank in September 2005, Swiss daily Blick reported today.
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News
Germany: Vattenfall in actuarial tender
GERMANY – The German arm of Swedish energy giant Vattenfall has initiated a search for actuarial and pensions consultancy services.
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News
Siemens files charges against ex-pension manager
SWITZERLAND – Siemens’ Swiss arm has filed criminal charges against Roland Rümmeli, the former investment head of its pension fund (Pensionskasse), but has not disclosed the nature of the charges.
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News
Swiss govt OKs occupational pension cuts
SWITZERLAND – The Swiss government has approved deeper cuts in occupational pension benefits from 2011, deeming the move necessary amid longer life-spans for retirees and dwindling capital market returns.
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News
Fidelity names German institutional sales head
GERMANY – Fidelity’s German arm has recruited Hans-Jörg Frantzmann from a Frankfurt-based asset manager as its new head of institutional sales, effective January 1.
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News
Political row erupts over Swiss life insurance
SWITZERLAND – Switzerland’s Social Democratic Party (SP) has fiercely attacked life insurers in Switzerland, accusing them of stealing money by violating a legal requirement on surplus earnings.
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News
German regulator probes asset manager trading
GERMANY – Financial services watchdog BaFin has confirmed it has found evidence of insider trading in Porsche shares by a Frankfurt-based asset manager.
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News
Publica vindicated over Swissfirst affair
SWITZERLAND – Publica, the CHF30bn (€19bn) pension fund for Swiss federal employees, says an external auditor’s report has cleared its employees of any wrongdoing in the Swissfirst affair.
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News
PensPlan’s Atzwanger critical of IORP
GERMANY – The EU pension fund directive will not spawn pan-European pension funds but rather induce funds to take a limited cross-border approach, says PensPlan’s Michael Atzwanger.
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News
EFAMA hits back over retirement account plan
GERMANY – EFAMA president Stefan Bichsel hit back at German criticism of the investment fund association’s proposed retirement account during the European Pension Fund Congress in Frankfurt today.
