爱上海EO Tag Archive

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Three largest Austrian Pensionskassen increase hold on market

first_imgThe three largest Austrian Pensionskassen are increasing their dominance of Austria’s Pensionskassen market, holding 73% of the €17.4bn managed by the 16 funds, according to the Austrian financial supervisor (FMA).In 2012, VBV, Valida and APK, accounted for just over 71% of the assets in the sector, but consolidation such as APK takeover the company pension fund of the Austrian Economic Chamber WKÖ increased the share.Adding roughly another €700m from the Valida Industrie Pensionskasse – the former company pension fund for Siemens – to the assets held by Valida, the market share of the three largest funds increases to almost 77%.Additionally, on average multi-employer pension funds, including the three largest Austrian funds, achieved a better return in 2013 at 5.3% than company pension funds which only managed 3.9%. It was the first time in three years that the multi-employer funds outperformed the company Pensionskassen. The performance of the smaller funds in the post-crisis year of 2009 was already significantly better, at 12.6% annual return, compared to a negative performance of -8.45% for the larger funds.However, performance figures in Austria should only ever be viewed as a very rough average, as multi-employer funds have to offer different portfolios for larger clients while company pension funds only put in place one or two portfolios.Under the most recent amendment to the law governing Austrian Pensionskassen, some pension funds used the opportunity to reduce the number of portfolios, which lead to an overall decrease from 140 to 124 year-on-year across all pension funds. However, some schemes created sub-portfolios instead.Overall, the FMA confirmed a 5.1% average return for all Austrian Pensionskassen for 2013, with returns ranging from 0.4% to 5.8% depending on the risk-return profile of a portfolio.For the Betriebliche Kollektivversicherung (BVK), an insurance-based occupational pension solution, the FMA reported a 20% increase in assets over the last year to €643.4m.last_img read more

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Another Season

first_imgThe 2013-14 high school athletic season is ready to kick off. Some, like golf, get underway on August 2nd. Don’t forget that this year the EIAC will add Connersville and Rushville, so I would assume most of the bugs have been ironed out in the scheduling of all sports. Football and basketball obviously took the most rearranging. Many of those old rivalries may soon be a thing of the past. As class sports become more entrenched, it is getting obvious that schools will schedule more and more their size and larger schools rather than smaller ones. We have already seen this with boys and girls basketball in our area and with the two new EIAC schools, it will only get more pressing to upgrade the schedules. Basketball will be saved somewhat because there will no longer be the round-robin scheduling of conference teams. The schools in danger of dropping from Batesville’s schedule will be JCD, S. Ripley, Hauser, and N. Decatur. I know I do not want to see this happen, but it may be inevitable if more conference switching takes place. It will only happen with these 4 if no other solution is available. Think back a few years and you saw games with Switzerland County, Union County, Rising Sun, and Milan. When so much emphasis is put on the post regular season results, coaches are going to protect their jobs by insisting on tough regular season schedules. No one thinks the above schools can’t play tough basketball, but all are 1A or 2A so the stigma in ratings says they are weaker.last_img read more

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UCLA makes easy work of Weber State

first_imgSACRAMENTO, Calif. (AP) – Arron Afflalo put an awful game behind him in UCLA’s impressive NCAA tournament opener. Shaking off a terrible performance in last week’s Pac-10 tournament, Afflalo had 22 points and eight rebounds to lead the Bruins to a 70-42 victory over Weber State on Thursday night in the West Regional. Darren Collison scored 14 points while playing on a sprained ankle, and Josh Shipp added 12 for coach Ben Howland’s second-seeded Bruins (27-5), who reached last season’s national championship game before falling short of their 12th NCAA title. But after spending six weeks of this season ranked No. 1, UCLA lost its previous two games before traveling to Arco Arena – including a humiliating loss to mediocre California in the conference tournament that cost them a chance at a No. 1 seed. Afflalo, the conference player of the year, was particularly stung by the last loss because of the way he played: Scoring a season-low three points on 1-of-7 shooting, and later hanging his head in the locker room. But Afflalo was back on his game as soon as he stepped on the floor where he led his Compton high school to a state title. He scored 15 points in the first half as UCLA rolled to an 18-point halftime lead on the overmatched Wildcats (20-12) of the Big Sky Conference. Dezmon Harris led Weber State with 10 points. One year after reaching the NCAA title game, UCLA again is a No. 2 seed out west – and once again, the Bruins won’t have to leave California to reach the Final Four. They’ll face the winner of Indiana’s game against Gonzaga _ UCLA’s foe in the West Regional final last year – on Saturday. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

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