CZECH REPUBLIC - Institutional investors, including pension funds, are looking to raise their real estate exposure in the Czech Republic, writes the Hospodarske noviny HN newspaper.
Central Europe is described as one the safest investment localities in the world, unlike other, more saturated markets such as France, Germany and the US, where investors fear steep yield declines and crises.
Pension fund investment will certainly stabilise the Czech real estate market. Of a total of 13 pension funds, with Kc70bn in assets under management, only two currently invest in property.
Separately, the Czech chamber of deputies passed a bill that would give individuals access to their pension accounts in 2006.
This means that Czechs can request a so-called ‘informational paper’ which would include funds that have accumulated in their pension accounts since 1986. Separate regulations are yet to be passed about the formation of individual pension accounts.
Pension freedoms could generate as much as £1.9bn a year in tax revenue for the next 10 years, according to research by the Pensions Policy Institute (PPI).
The Pension Protection Fund (PPF) has conceded it does not have "all the data we need to calculate" the impact of last month's ruling that some benefits may be unlawful.
A looming court decision on gender equalisation of pension schemes could hit FTSE 100 profits by up to £15bn, Lane Clark and Peacock (LCP) says.
Dutch custodian KAS Bank has created a fintech solution to help schemes save on costs and improve transparency of currency hedging strategies.