Uncategorised

GERMANY - As part of its expansion plans in Germany, Watson Wyatt has appointed Jens Witt as managing consultant of its Munich office.

AUSTRIA - Morgan Stanley Investment Management has been hired to run a e30m global convertibles mandate from BVP Pensionskassen, an Austrian multi-employer pension fund.

GERMANY - A new report into the German fund industry by consultant Funds at Work and law firm Norton Rose Deutschland suggests that the country's biggest fund managers are set to lose market share over the next five years as conditions increasingly favour...

AUSTRIA - Vereinigte Pensionskasse, the e2bn multi-employer pension fund, is planning to increase its investments in hedge funds and real estate and is also considering an allocation to index-linked bonds.

SWITZERLAND - Swiss trade unions have warned that the government would propose raising the retirement age further to 67 years, if people vote in favour of changes to the state old age pension system.

GERMANY - The Confederation of German Employers' Associations (BDA) and the Association for Company Pension Schemes (ABA) have reacted angrily to the government's proposed Retirement Income Act, set to take effect in January 2005.

SWITZERLAND - Swiss pension funds have posted positive results for 2003, on the back of a strong performance from the equities portfolio.

SWITZERLAND - The CHF11bn Versicherungskasse der Stadt Zurich (VSZ) has sealed its foray into enhanced index-linked equities with the appointment of one new manager.

GERMANY- Allianz Dresdner Pensionsfonds (ADPF), has received confirmation that it is able to take over the existing pension commitments of corporate pension schemes into its own corresponding pension plans.

SWITZERLAND - Swiss pension funds have recorded their best results since 1999, with portfolios returning 9% for 2003 and 3% for the fourth quarter, according to performance measurement company Intersec Research.