All articles by Jan Wagner – Page 14

  • News

    Germany’s EnBW confirms multi-billion revamp


    GERMANY – Energie Baden-Württemberg, Germany’s third largest energy firm, has completed a revamp of the way its pension money is invested, switching to a so-called ‘master-fund’ structure for the assets.

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    Airbus Deutschland mulls emerging markets


    GERMANY – Airbus Deutschland is considering investing between €30m and €40m in pension assets in emerging market shares or bonds to better diversify its portfolio, senior officials at the company say.

  • News

    German state pension scheme revenues rise


    GERMANY – Revenues for Germany’s state pension scheme rose sharply in the first half of 2006, relieving financial pressure on the scheme and prompting some experts to question the government’s plan to increase the statutory pension contribution on January 1 2007.

  • News

    Demand for Riester-Rente surges


    GERMANY – Demand for the ‘Riester-Rente’, a government-subsidised private pension launched in 2002, surged again in the second quarter, pushing the total number of contracts to almost 7m, the government has reported.

  • News

    Publica dragged into insider trading scandal


    SWITZERLAND – Publica, one of Switzerland’s largest pension funds, is the latest scheme to become embroiled in the Swissfirst insider trading scandal.

  • News

    Germany’s Funk takes stake in consultant Böhm


    GERMANY – Funk Gruppe, Germany’s biggest independent insurance broker, says it has acquired a majority stake in actuarial and pensions firm Böhm Consultants. Financial details were not disclosed.

  • News

    Fidelity names German pensions sales head


    GERMANY – Fidelity’s German arm has recruited Christof Quiring from rival Invesco for the new position of head of pensions sales, effective from October 1.

  • News

    Swiss insider trading scandal widens


    SWITZERLAND – A sixth pension fund has become embroiled in the alleged insider trading scandal at Swiss bank Swissfirst – the Pensionskasse for the bank itself.

  • News

    Swiss chief rounds on pension fund “bunglers”


    SWITZERLAND – The five Swiss pension funds involved in the Swissfirst insider trading scandal have been dubbed “bunglers” by the president of Switzerland’s Social Security Fund.

  • News

    German Spezialfonds take €5bn market hit


    GERMANY – The declining bond and equity markets in the second quarter caused the volume of German institutional funds (Spezialfonds) to decline by €5bn to €630bn, according to German fund industry association BVI.

  • News

    Swissfirst CEO hits back over trading allegations


    SWITZERLAND – Thomas Matter, chief executive of Swiss bank Swissfirst, has dismissed allegations that he and five Swiss pension funds may have been involved in insider trading from which he benefited.

  • News

    German consultants Böhm and FUNK to merge


    GERMANY – Some sort of merger between insurance broker FUNK and Böhm Consultants, an actuarial and pensions firm, is imminent and could be officially announced on Monday, IPE has learned.

  • News

    Germany’s MLP axes sales chief


    GERMANY – Financial services firm MLP has parted company with its chief sales executive following weak sales of its occupational and private pensions during the second quarter.

  • News

    Complementa in hedge fund web move


    SWITZERLAND – The consultant Complementa has teamed up with ZHW, a banking and finance institute at a Winterthur college, to launch a new website aimed at improving transparency of hedge funds for Swiss investors.

  • News

    German blue chips’ pension funding improves


    GERMANY – The average funding ratio for the pension schemes of firms traded on Germany’s Dax-30 equity index improved to almost 60% on June 30, according to a new study by consultant Rauser Towers Perrin.

  • News

    German firms with 'greatest pension risk'


    GERMANY - German companies have much more exposure to pensions risk than firms elsewhere in Europe, according to new research from Mercer Human Resource Consulting.

  • News

    Germany’s BVV gets WestLB deal


    GERMANY – BVV, a €17.7bn pension fund for the German financial services industry, says it will provide a corporate pension to employees at Landesbank WestLB – the fourth Landesbank it has acquired as a client.

  • News

    Swiss schemes named in insider trading probe


    SWITZERLAND – Five Swiss pension funds, including one for technology firm Siemens and one for pharmaceuticals firm Roche, have been named in connection with insider trading that allegedly took place ahead of a merger between two Swiss banks.

  • News

    Swiss pension assets decline – survey


    SWITZERLAND – Assets held by Swiss pension funds, known as Pensionskassen, took a beating in the second quarter, falling by CHF13.5bn (€8.6bn) to less than CHF580bn, according to the Swiss bank Credit Suisse.

  • News

    Germany’s BVI seeking consultant transparency


    GERMANY – Claiming inadequate transparency among investment consultants, German fund industry association BVI has prepared a questionnaire seeking detailed information about their business, IPE has learned.