All articles by Jan Wagner – Page 9

  • News

    German state wants best civil servants to work until 68


    GERMANY – The southwest state of Rhineland-Palatine is to offer civil servants the opportunity to retire at 68 instead of 64 currently.

  • News

    Fidelity's German head leaves


    GERMANY – Klaus-Jürgen Baum has abruptly stepped down as chief executive of the German arm of Fidelity Investments, the US-based asset manager.

  • News

    Munich life insurance chief retires


    GERMANY – Reinhard Fuchs, the 62-year-old chief executive of Munich-based life insurer WWK, is stepping down.

  • News

    Feri Institutional makes 10 new hires in Germany


    GERMANY – Feri Institutional Advisors (FIA), a German investment consultant, says it has hired 10 new employees and plans to make several additional appointments during the course of the year.

  • News

    Oppenheim nabs Lupus alpha CIO


    GERMANY – Sal. Oppenheim’s asset management arm has recruited Wolfgang Leoni as its new head of equities and quantitative management, effective from last January 1, IPE has learned.

  • News

    Swiss government rejects move to earlier retirement


    SWITZERLAND – The government has rejected a proposal by Switzerland’s main union lobby (SGB) to lower the retirement age to 62 for middle-class workers, calling it unrealistic and too costly.

  • News

    Swiss unions accept public sector pension cuts


    SWITZERLAND – Unions for federal employees insured by Publica, a CHF30bn (€18.6bn) pension fund, have decided against challenging new reforms to the scheme via a national referendum.

  • News

    Hannover scheme reports 21% rise


    GERMANY – Hannoversche Kassen (HK), a multi-employer pension fund in the state of Lower Saxony, has reported a 21% increase in assets to €113m.

  • News

    IVG Immobilien slams G-REITs legislation


    REAL ESTATE – German property firm IVG Immobilien has lambasted the government legislation creating German real estate investment trusts (G-REITs), saying that unless it is improved, G-REITs will not be successful.

  • News

    Fidelity wants 20% annual growth in fast changing German market


    GERMANY – Klaus Mössle, head of institutional business at the German arm of Fidelity Investments, has reaffirmed his ambitious goal of growing that business by 20-30% annually.

  • News

    Swiss court ruling over fund collapse appealed


    SWITZERLAND – Authorities for the Swiss canton of Solothurn have appealed a court ruling that dismissed their lawsuit against six people connected with the 1996 collapse of the Vera/Pevos pension fund.

  • News

    Germany to axe social tax exemption for DC schemes


    GERMANY – The government has sent a strong signal that it will axe a social tax exemption for defined contribution schemes, which the German pensions industry feels is crucial to further spread of the second-pillar in the country.

  • News

    Germany’s NAEV ups real estate exposure


    REAL ESTATE – Germany’s NAEV, a €7.75bn medical pension fund, will expand investments in real estate investment trusts (REITs) and other real estate securities over the next three years, says Hermann Aukamp, NAEV’s director of real estate.

  • News

    Goldman Sachs AM Germany chief exits


    GERMANY – James Dilworth has quit as managing director of Goldman Sachs Asset Management in Germany.

  • News

    EADS considers external pension fund


    GERMANY – Aerospace firm EADS has confirmed that it is considering creating an external pension fund – known as a contractual trust arrangement – to fund pension liabilities currently on its balance sheet.

  • News

    Swiss banking watchdog rejects pensions role


    SWITZERLAND – Eugen Haltiner, president of Switzerland’s banking watchdog (EBK), has rejected the notion that regulation of Swiss pension funds (Pensionskassen) would be improved if it were immediately handed over by the EBK.

  • News

    Swiss court throws out pension fund lawsuit


    SWITZERLAND – A court for the Swiss region of Olten has dismissed a government lawsuit against six people connected with the 1996 collapse of the Vera/Pevos pension fund – the biggest ever in Switzerland.

  • News

    German accountants’ fund to go into alternatives


    GERMANY – WPV, an €850m pension fund for chartered accountants, will make inaugural investments in alternative asset classes from 2007, targeting a quota of up to 5%, according to managing director Hans-Wilhelm Korfmacher.

  • News

    Threadneedle hires FERI’s Roll for Germany


    GERMANY – Threadneedle Investments has recruited Oliver Roll from German investment consultant FERI as its new head of institutional business for Germany, IPE has learned.