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AUSTRIA - The Vienna-based multi-employer pension fund OEPAG Pensionskassen is considering hiring a tactical overlay manager in a bid to generate additional returns.

SWITZERLAND - The IMF has urged the Swiss government to consider new initiatives for old-age pension reform following the rejection of the current reform proposals in the recent referendum.

AUSTRIA - Half the Austrian pensioners that retired last year have remained unaffected by last year's pension reforms, according to figures released the pension agency PVA.

SWITZERLAND - The government's pension reform process suffered a serious setback when more than two-thirds of voters rejected proposals for changes to the first pillar.

AUSTRIA - The IMF has praised Austria for implementing a "courageous pension reform" that has significantly strengthened the long-term sustainability of the system.

GERMANY - Deutsche Lufthansa AG has decided to remove its domestic pension provisions from its balance sheet by setting up a dedicated securities portfolio fund.

GERMANY - The lower house of the German parliament has approved plans to alter taxation rules for pensions.

GERMANY - Fidelity Investments has named Klaus Mössle (pictured) as managing director of its institutional business in Germany and Austria.

AUSTRIA - The Vienna-based APK Pensionskasse has made its first investments in commodities and is now mulling emerging markets.

GERMANY - Deutsche Bank is planning a three-step escalation of its business in Russia in a development that looks set to take them into the country's pensions market.