Pension System – Page 293
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NewsRising interest rates boost funding at €28bn Bpf Bouw
Officials say 2% loss due to extensive hedge cancels out 1.6% return on investments.
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NewsMajor Dutch pension schemes continue to boost coverage ratios
Four largest funds improve funding in Q1 thanks to rising long-term interest rates.
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News
Women in France, Spain and Italy live longest of all EU countries
New Eurostat shows average life expectancy after 65 is now 20.7 years.
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Country Report
Germany: Deutschland AG adapts
The last 10 years have seen a dismantling of the ‘Deutschland AG’ network of cross shareholdings, writes Nina Röhrbein, but there is still room for improvement
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Country Report
Austria: The long wait
Barbara Ottawa reports on why Austria is still waiting for an amendment to the law on Pensionskassen and what the industry is doing in the meantime
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Country Report
Germany: Could do better
Norman Dreger reviews Germany’s position in the Melbourne Mercer Global Pension index and outlines areas for improvement
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Country Report
Germany: A market dominated by providers
Pensionsfonds are established in the German occupational pension market yet bureaucratic hurdles hamper further development, write Alfons Schwarz and Ralph Rost
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Country Report
Germany: Rise and fall of funded pensions
Funded schemes for German civil servants are drawing criticism – for investment policies, low contributions or because they are being discontinued in many cases. Barbara Ottawa reports
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Country Report
Germany: Liberal tradition
Versorgungswerke, the odd ones out in the German funded pension system, are a successful model of funding first pillar pensions. Barbara Ottawa reports on the critical factors
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Interviews
Is climate change integrated in your portfolio?
Implementing climate change in the portfolio
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Country Report
Germany: Where churches lead, others can only follow
Germany leads in clean energy and has a good environmental record in areas like recycling. Yet it remains a laggard in sustainable investing. Nina Röhrbein asks why
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Features
Structural importance
Although not a legal necessity, committees are important to the efficient running of pension schemes. Gail Moss looks at their requirements and role
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Features
Leader of the pack
Nina Röhrbein spoke with Giorgio Valzolgher, managing director at Laborfonds, the not-for-profit pension fund that any employee in Italy’s Trentino-South Tyrol region can join
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NewsAustrian roundup: ECJ gender ruling, arithmetica, FMA
AUSTRIA – Mandatory second pillar would be 'feasible way' to fill pension gap after ECJ gender ruling.
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NewsOECD criticises insufficient pension reforms
Report pins hope on old-age employment, as working age population is set to decline 10%.
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NewsAustrian severance pay funds return 2.6% in 2010
AUSTRIA – Assets in mandatory system grow to €3.6bn from €2.8bn in 2009.
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NewsAustrian roundup: Valida, VBV, VVP
AUSTRIA – Valida Pensionskasse reports 5.1% return for 2010, below the Austrian average of 6.6%.
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Country Report
Belgium: KBC Pensioenfonds prepares for accounting rule changes
The pension fund of Belgian bank and insurance group KBC has returned to pre-crisis levels following 2010 returns of 9.42% for the DB and 6.52% for the DC scheme, leaving the scheme with a short-term, liquidation scenario funding level of 147% and a long-term funding level of 113%, up 8% ...
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Country Report
Belgium: Pension B looks to real estate and tactical asset allocation
Before the Vandenbroucke law came into force in 2004, the Belgian construction sector distributed some of its reserves to its retiring ex-workers. However, this practice did not conform to the new OFP (organisation for financing pensions) system, leading to the creation of the new sector pension fund, Pensio B, in ...
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Country Report
Belgium: Pensioenfonds UZ Gent: Diverse benchmarks
The UZ Gent pension fund, founded in 1995, is unique in Belgium in that it does not provide a second pillar supplementary pension, but replaces the legal first pillar pension for civil servants employed at the University Hospital Ghent. Employees with a normal labour agreement cannot join the scheme.
