Funding – Page 117
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NewsStrong equity returns boost assets at Dutch civil service scheme ABP
Private equity, emerging markets prove best performing asset classes of 2010, returning 29.4% and 26.6%, respectively.
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NewsAustrian pension funds return 6.6% in 2010
AUSTRIA – Assets grow by €1.1bn to €14.8bn, including an €800m return from investments.
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NewsGerman corporate pension plans return 4-5% – Towers Watson
Funding levels remain virtually unchanged year-on-year, according to a Towers Watson report.
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NewsDutch postal scheme TNT delivers 12.7% in 2010
€5.2bn fund posts strong return despite losing 2.7% in Q4 after interest rate increase.
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NewsValtion Eläkerahasto posts strong returns on back of stocks
Finnish state pension fund sees Nordic equity portfolio grow by more than 30%.
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NewsUK regulatory focus on funding shortfalls 'increases risk'
Pension schemes taking unnecessary risks to resolve funding shortfalls, Hymans Robertson warns.
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NewsSwiss pension scheme Publica to cut conversion rate
Pension fund for civil servants to lower conversion rate to 6.15% in light of government's new longevity assumptions.
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NewsSwedish roundup: SPK, Alecta, Collectum
SPK, the pension fund for the Swedish savings institutions, returned 8.5% for 2010.
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NewsDenmark's Lærernes awards State Street $271m bond mandate
EUROPE – State Street Global Advisors (SSgA) has been awarded a $271m (€201m) US bond portfolio by Denmark's Lærernes Pension.
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NewsFinland's Varma, Tapiola Pension reject euro-zone bonds
Finland's largest pension fund shunned troubled euro-zone bonds in a strategy that returned 11%.
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NewsUK roundup: NEST, Mercer, Aviva, PIC
Members of NEST will be offered a Sharia-compliant investment option as part of the funds' makeup.
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NewsDutch film pension scheme to merge with PNO Media
NETHERLANDS – The €3.3bn pension fund PNO Media and the €152m scheme for the Dutch film and cinema industry have announced their intention to merge.
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NewsSkandia's Danish pension operations, PKA boosted by equities
DENMARK – High equity allocations boosted the investment return at Skandia's Danish pensions operations last year, taking asset values back to their pre-financial crisis levels.
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NewsBaby boomer wave will 'capsize' Austrian pension system
AUSTRIA – The peak of the baby boomers retirement wave will upend the Austrian state pension system by 2025, Allianz has warned.
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NewsDutch metal scheme PMT 'unlikely' to cut pension benefits
NETHERLANDS – The financial position of the €37bn Dutch metal scheme PMT has recovered to such a degree that a benefits cut in early 2012 will be unlikely, according to Jan Berghuis, employees chairman.
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NewsOne in three Dutch pension schemes considering liquidation
NETHERLANDS – One in three Dutch company pension funds is seriously considering liquidation and joining an insurer, as they are finding it increasingly difficult to cope with ever tighter and complex regulation, a survey by KPMG has suggested.
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NewsSwiss roundup: Swisscanto on funding levels, Publica results
SWITZERLAND – Funding levels at Swiss Pensionskassen last year returned to where they were in 2009 following a steep drop in the second quarter, Swisscanto has calculated.
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NewsPensions for Dutch harbour workers get 13.5% boost
NETHERLANDS – Approximately 30,000 former port workers will see their pension benefits increased by more than 13.5% in the wake of a long-running dispute over Aegon's takeover of Optas, their pension provider.
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2010 funding ratios derailed by volatility – Aon Hewitt
EUROPE – Funding ratios have fallen across Europe due to volatile bond markets, according to new figures from Aon Hewitt.
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NewsUK roundup: Pensions Regulator, Mercer, Pizza Hut, Deloitte
UK – The Pensions Regulator (TPR) has confirmed Bill Galvin as its new chief executive only a few weeks after Michael O'Higgins took over as chairman from David Norgrove.
