Credit Suisse sets up investment group for private investors in pensions.Byline: news@cpifinancial.net (Staff Writer) Credit Suisse The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. It is the second-largest Swiss bank, behind UBS AG. said it will launch the CSA (1) (Canadian Standards Association, Toronto, Ontario, www.csa.ca) A standards-defining organization founded in 1919. It is involved in many industries, including electronics, communications and information technology. Mixta-BVG Index 45 via its investment foundation, making it the first institution in Switzerland to offer an indexed investment solution for private investors in pensions. CS said the new indexed investment group is the result of a collaboration between the Credit Suisse Privilegia Pillar 3 pension foundation, the Credit Suisse Foundation for Vested Pension Benefits, the Credit Suisse Investment Foundation, and Credit Suisse Asset Management. The new product is suitable for investments in both 2nd pillar vested benefits vested benefits Pension benefits that belong to an employee independent of his or her future employment. An employee usually becomes vested after five years of employment with the same firm, although there are numerous exceptions requiring longer employment. and 3rd pillar private pensions. The pension capital will be invested and managed in accordance with BVV BVV Bezirksverordnetenversammlung (German: District Order Meeting) BVV Bovine Veins Virus 2 (Ordinance on Occupational Retirement, Survivors' and Disability Pension Plans) investment regulations. The first buy orders can be submitted without restriction as of Thursday, September 24, 2009. The first value date is October 5, 2009, and a daily valuation will take place thereafter. 2009 CPI (1) (Characters Per Inch) The measurement of the density of characters per inch on tape or paper. A printer's CPI button switches character pitch. (2) (Counts Per I Financial. All rights reserved. Provided by Syndigate.info an Albawaba.com company |
|
|||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion