Funding – Page 103
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NewsDanish financial sector fund predicts 25% contribution rise
Increase comes on back of merger with other scheme, welcoming two further companies into plan.
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News
Two-thirds of pension funds now use LDI, finds SEI strategy
Survey also finds around a quarter of schemes consider LDI mandates over next year.
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NewsDenmark delays asset management levy, increases taxes on investment returns
Industry association Forsikring og Pension says government using pension money to address deficit.
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News
Central bank intervention did little to reverse pension deficits – Mercer
Consultancy says move was insufficient to reverse declines seen since October.
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NewsDutch pension funds beat benchmarks over last decade despite two crises
Between 2000 and 2010, schemes return 4.8% on average against benchmarks' 4.6%, says DNB.
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News€240bn ABP to consider benefit cuts if financial situation fails to improve
Trustees to decide on 'additional measures' if no improvement seen by 31 December.
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NewsDutch ING scheme pledges continued opposition to indexation refusal
Announcement comes after court verdict ruling that fund could be a party in arbitration.
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NewsPME's premium rise, benefits cut could be 'start of trend'
Economist warns that low long-term rates could force other schemes to make similar moves.
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News
Swedish roundup: Swedbank, Nordea, Alecta, Mercer
Swedbank follows in Länsförsäkringar’s footsteps in closing its guaranteed pension product.
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NewsSwiss pension funds 'struggling' to cover investment risk
Aon Hewitt says underfunded accounts putting 'entire second-pillar system' at risk.
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News'Large number' of Dutch pension schemes facing benefit cuts – Kamp
Pension Federation study says 100 schemes at risk of failing to fulfill recovery plans.
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NewsFunding levels at typical Swiss 'benchmark' pension fund falling
Funding drops by 9% quarter on quarter, according to Towers Watson.
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NewsDutch companies claim pension indexation ruling could bankrupt them
Research centres claim ruling could involve as much as €5m in unanticipated costs a year.
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NewsIreland rules out aid for semi-state pension fund despite deficit
Minister concedes Irish Airlines Superannuation Scheme faces 'significant' shortfall.
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NewsDenmark's ATP offloads €2.7bn of equities in risk-cutting move
CIO cites signs of worsening euro crisis, concerns about global growth.
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NewsCanton of Zurich to inject €1.7bn into Swiss BVK pension fund
Local government recommends lower minimum interest rate instead of higher recovery contributions.
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NewsSwiss pension funds 'financially stable' despite drop in returns
Returns in 2010 down 65% over previous year, but little impact on deficit.
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NewsIrish National Pensions Reserve Fund falls by 30% in Q3
Loss attributed to holdings in local banks, which fell by 36.5% over period.
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NewsFinnish roundup: VER, Keva, Varma, Tapiola Pension
Returns at Finnish pension schemes fall sharply in nine months to September.
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NewsNordic roundup: Danica Pension, PenSam, Halkin, BRF Kredit Bank
Danica Pension stumbles in third quarter, but contributions increase by 13%.
