All articles by Reeta Paakkinen – Page 4
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NewsTurkish pension system grows apace, on track to reach €25bn by 2020
TURKEY – The Turkish private pensions system will hold more than TRY50bn (€25.65bn) in assets by 2020 and even has the potential to grow to twice that size, according to Meral Eredenk, chairwoman of the country’s Pension Monitoring Centre (EGM).
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Country Report
The Nordic Region: Finland Gradual decline
Reeta Paakkinen outlines the local investment trend in Finnish pension investors’ portfolios
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NewsFinland's Veritas to ramp up EM exposure to 20% of equities
FINLAND – Veritas, Finland's €1.9bn mutual pension insurance company, plans to grow the share of its emerging markets exposure to 20% of all equities in the coming five years.
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NewsNorthern Cyprus aims to increase retirement age from 50 to 60
CYPRUS – The Turkish Republic of Northern Cyprus is preparing for a pension reform over the coming months.
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NewsGreek parliament narrowly passes pensions reform bill
GREECE – The Greek parliament has passed reforms to the country's ailing social security system, sparking protests led by the country's two largest labour unions.
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Country Report
Greece: Deep structural problems
Reeta Paakkinen examines Greece’s economic woes and the impact of pension reforms. There are signs that the private sector will have to play a greater role in future provision
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Country Report
Turkey: Sector growth
A new generation of investment funds is emerging in Turkish pensions, whose assets could grow to €60bn in 10 years, writes Reeta Paakkinen
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Country Report
Turkey: Inflows from foundations
Reeta Paakkinen finds mixed views on the expected inflow of assets from some 250 associations and foundations
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Country Report
Turkey: Foreign pension players
Expect market consolidation in Turkey’s young private pensions sector. Reeta Paakkinen outlines the issues behind this as 13 pension insurance companies battle for a market of two million, with the potential to grow tenfold
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NewsEDEKT Asset Management given fiduciary role for Greek pensions
GREECE - New laws on social security and pensions will give EDEKT Asset Management, which oversees the assets of Hellenic Telecommunications Pension Fund, a new role as the fiduciary of the country's social security funds.
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NewsNascent Turkish pensions sector surges 40%
TURKEY – Assets managed by Turkey’s nascent private pension system grew by more than 40% in 2009, higher than in any other OECD country.
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NewsGreece overhauls its pensions system
GREECE – The Greek government yesterday approved a law to bring in a number of pension cuts in a bid to prevent the country’s ailing retirement system from collapsing.
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Country Report
Finland: Temporary rules extend helping hand to long-term plans
An extension of temporary solvency and investment rules has helped pension funds to hold on to their long-term strategies, finds Reeta Paakkinen
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Features
Finland mulls reforms
The Finnish government and labour market organisations are evaluating reform proposals made by two working groups aiming to identify ways of increasing working life and raising the retirement age. The working groups were set up after the agreement between social partners and the government in March 2009 to increase the ...
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NewsTurkish pensions growth to 'snowball'
TURKEY - Private pension assets in Turkey are likely to “snowball” over the next few years from the current TRY9.3bn (€4.5bn), according to Turkey’s deputy prime minister Ali Babacan. This comes just as Dexia may be thinking of selling its Turkish pensions arm.
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NewsGreece to suffer fresh strikes over pensions
GREECE - The biggest trade union in Greece, the General Confederation of Greek Workers (GSEE), has announced a general strike will take place on 24 February, to protest against government plans for a higher retirement age and other key budgetary reforms.
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FeaturesMilitary timing softens crisis blow
Reeta Paakkinen spoke to Caner Öner, senior adviser at Oyak, the €5.6bn Turkish military pension fund
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NewsKesko becomes latest corporate to transfer pension
[15:30 CET 06-01] FINLAND - Kesko, Finland’s main trading sector services provider, has followed a trend set by several other employee sponsored pension schemes in Finland and announced it will transfer the management of its statutory pension provision to €22.9bn Ilmarinen Mutual Pension Insurance Company.
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NewsGreece to face pensions reform in April 2010
GREECE - The Greek government is expected to publish a new law designed to tackle its ailing social security system in April 2010.
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NewsFinnish railways pension follows outsourcing track
[15:30 CET 12-11] FINLAND – The VR Pension Fund, which covers the employees of the Finnish State Railways, has announced it will transfer its statutory pension liabilities to Varma, the €28.3bn mutual pension insurance company, by the end of year.
