BELGIUM - The e950m Amonis pension fund for doctors, dentists and pharmacists has made a maiden foray into hedge funds, appointing Key Asset Management to a $44m fund of hedge fund portfolio.
BELGIUM - A national survey on the performance of pension funds has confirmed previous estimates of a 15% return on investments for 2005.
BELGIUM - Belgium's traditional class distinction between blue and white collar workers could spell problems for occupational pensions, according to the president of the Belgian Pension Commission.
BELGIUM - Self-employed "independent" workers in Belgium who currently rely on four main insurance companies for their pensions, could be better served following a new alliance described as an industry evolution.
BELGIUM - The e871m KBC Bank pension fund has reduced its exposure to equities and increased its weighting in fixed income and real estate in a bid to reduce volatility on the company balance sheet.
BELGIUM - The Belgian Association of Pension Funds (BPFA) has set up a task force of experts to brainstorm ideas as to how Belgium could be established as a hub for pan-European pensions.
BELGIUM - The board of directors of the Belgium Pension Fund Association (BPFA) has elected Philip Neyt to be the new chairman of the association, succeeding the incumbent Bernard Cardon de Lichtbuer.
BELGIUM - Minister of pensions Bruno Tobback has said the bill transposing the EU pensions directive makes "considerable progress" towards the creation of a legal framework for pension funds.
BELGIUM - New pension fund reporting requirements imposed by both the Banking, Finance and Insurance Commission (CBFA) and the National Bank of Belgium (BNB) have been branded excessive and costly administrative burdens by the Belgian Association of Pension...
BELGIUM - The existing law on anti discrimination is ill-suited to pension funds and should be revised to provide extra clarification, according to the Belgian Association of Pension Funds (BPFA).
BELGIUM - The Belgian government has been accused of "creative accounting" following the transfer of the assets of a first pillar pension plan into its coffers.
BELGIUM - The e950m Amonis pension fund for medical professionals in Belgium has reported an 18.74% net investment return for 2005.
BELGIUM - The average weighted return for Belgian pension funds in 2005 was 15.1%, almost double the previous year's return.
BELGIUM - Subscriptions to Belgium's third pillar pensions have reportedly swollen following a government reform, which increased the amount people can save without being taxed from e650 to e780.
BELGIUM - Minister for Pensions Bruno Tobback (pictured) has declared 2006 ‘the year of women and their pensions,' and reforms tailored to this effect were approved last week.
BELGIUM - Europe needs to "summon the will" to reform pensions as demographics in many countries could make reforms more difficult in the future, said Raghuran Rajan, economic counsellor and director of the International Monetary Fund's research department....
BELGIUM - Demand for lower volatility in the wake of the IAS19 accounting standards has pushed Belgium's KBC pension fund to consider increasing its exposure to real estate as part of a shakedown of its strategic asset allocation.
BELGIUM - Early retirement schemes will continue to limit the achievements of pension reform, even if they are made more restrictive, according to the International Monetary Fund (IMF).
BELGIUM - Brussels became the epicentre of a national strike today as 100,000 workers protested against the federal government's plans to raise the minimum early retirement age from 58 to 60.
BELGIUM - Dexia has rejected a joint venture proposal from Benelux rival, Fortis.
BELGIUM - Fortis Investments saw its assets under management grow by 4.3% to e95.6bn in the second quarter and reported "considerable new institutional business across nearly all locations".
BELGIUM - Vanguard Investments Europe has launched a new inflation-linked bond index fund on the back of increased demand from pension funds on the Continent for passive investment solutions.
BELGIUM - Some 77% of Belgian pension funds were investing in UCITS in fiscal 2004, up from 65% in 2000, according to the Belgian Association of Pension Institutions.
BELGIUM - Subsidies for early retirement in Belgium should be progressively phased out to increase the employment rate for older workers, according to the Organisation for Economic Cooperation and Development (OECD).