All articles by Jan Wagner – Page 2

  • News

    Swiss pension fund assets hit CHF500bn in 2005


    [15:30 CEST 22-08] SWITZERLAND – Assets held by Swiss pension funds totalled CHF542.6bn (€332.7bn) at the end of 2005, up 12% from the end of 2004 and 30% from the end of 2002, new figures from the Swiss finance ministry show.

  • News

    State Street silent on EADS custody rumours


    GERMANY – State Street is rumoured to have won a multi-billion euro custody mandate from European defence and aerospace firm EADS.

  • News

    Germany to tighten corporate investor supervision


    [17:00 CEST 17-08] GERMANY – The German government has approved a new regulatory regime for corporate investors such as hedge funds and private equity firms, to increase transparency and prevent ‘collaborative action’ among investors.

  • News

    MetallRente makes 8% German deferred compensation claim


    [11:00 CEST 16-08] GERMANY – MetallRente, a pension fund targeted at Germany’s engineering industry, now has an 8% share of the total deferred compensation scheme market because it has insured 226,000 employees at 11,700 firms since its launch.

  • News

    Germany to raise federal employees' retirement age


    [16:15 CEST 15-08] GERMANY – The government is planning to raise the retirement age for civil servants from 65 to 67 from 2029 – although those with military or police jobs may still be able to retire at 60.

  • News

    German PWG sees lower return on one-time payout


    [16:00 CEST 14-08] GERMANY – PWG, a €483m Pensionskasse (insurance-type scheme) for co-operative firms in west Germany, has reported a decline of nearly one-third in its return for 2006 compared with 2005 on the back of increased reserve payouts.

  • News

    DWS keeps ABS fund open as US sub-prime crisis ebbs


    [16:00 CEST 13-08] EUROPE – Deutsche Bank’s DWS has bucked the trend and kept an asset-backed securities (ABS) fund open as shockwaves from the US sub-prime loan crisis began to die down in Europe on Monday and central bank intervention soothed financial market woes.

  • News

    Germany shows support for deferred compensation scheme


    [16:00 CEST 09-08] GERMANY – The government has approved a draft law to extend a social tax exemption for deferred compensation schemes beyond 2008.

  • News

    Swiss energy fund posts record 2006 return


    [14:30 CEST 09-08] SWITZERLAND – Pensionskasse Energie (PKE), a CHF8.5bn (€5.1bn) pension fund for the energy sector, has reported a return on its assets of 9.7% for 2006 – well above the 6.9% industry average and the highest so far on record.

  • News

    DWS/DeAM outclasses arch-rival AGI’s inflows


    15:00 CEST 08-08] GERMANY – Deutsche Bank’s DWS/DeAM took in three times more assets in Germany than Allianz Global Investors (AGI) during the first half of this year, according to statistics.

  • News

    US sub-prime crisis prompts fund closures in Germany


    [14:00 CEST 07-08] GERMANY – Shockwaves from the US sub-prime loan crisis have hit Germany and prompted three providers of asset-backed securities (ABS) to temporarily close their funds.

  • News

    Swiss multi-employer scheme loses CEO and CFO


    [16:30 CEST 06-08] SWITZERLAND – Pension Fund Services (PFS), a multi-employer scheme that has been in existence since 2001, has lost its chief executive officer and chief financial officer.

  • News

    Rürup urges MPs to cut their pensions


    [16:00 CEST 06-08] GERMANY – Professor Bert Rürup, a leading pension expert and government economic adviser, has urged German MPs to cut their pensions to show solidarity with working Germans whose pensions are already being reduced.

  • News

    JP Morgan poaches pensions expert from Goldman Sachs


    [16:30 CEST 02-08] GERMANY – JP Morgan’s German unit has poached Dirk Popielas, a well-known German pensions expert, from Goldman Sachs to head its pensions advisory group for Germany and Austria.

  • News

    Dutch schemes hit by poor performance of GSAM’s GTAA


    [12:00 CEST 02-08] NETHERLANDS – Dutch pension funds who invested in a global tactical asset allocation (GTAA) strategy from Goldman Sachs Asset Management (GSAM) have been shaken by the strategy’s recent poor performance, IPE has learned.

  • News

    Zurich scheme results are among industry best


    [11:30 CEST 01-08] SWITZERLAND – PKZH, the CHF14.2bn (€8.6bn) pension fund for the city of Zurich, has reported some of the best performance figures for 2006, including a return well above the industry average and one of the highest funding ratios among Swiss schemes.

  • News

    Employer quits Swiss scheme APK over bailout


    [16:30 CEST 30-07] SWITZERLAND – Aargauische Pensionskasse (APK), a CHF6bn (€3.6bn) pension fund for Swiss civil servants, has lost one of its public employer-backers to another Pensionskasse as the employer in question is unwilling to help finance its bailout.

  • News

    German insurer Talanx adds Pensionskasse to portfolio


    [15:45 CEST 26-07] GERMANY – Insurance conglomerate Talanx has gained another corporate pension fund (Pensionskasse) following its €550m acquisition of nearly all the insurance operations of retail bank Deutsche Postbank.

  • News

    Swiss schemes on track to match 2006 return


    [15:30 CEST 25-07] SWITZERLAND – Swiss pension funds, known as Pensionskassen, are on track to at least matching their average return of 6.58% for 2006, according to data supplied by Credit Suisse.

  • News

    Austria to expand early retirement option


    [16:00 CEST 24-07] AUSTRIA – The government is planning to enable more workers involved in what it defines as hard labour to apply for early retirement – albeit with initially reduced pension benefits.