Funding – Page 140
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News
London transport authority seeks legal review of PPF levy
[16:00 CET 04-11] UK – Transport for London (TfL) is seeking a judicial review against the Pension Protection Fund (PPF) over an "unreasonable" levy of £9m (€10m) relating to the pension funds of the failed infrastructure provider Metronet.
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News
Average Dutch cover ratio drops to 108%
[14:30 CET 04-11] NETHERLANDS - The average cover ratio of Dutch pension funds decreased two percentage points to 108% during October, according to Hewitt Associates.
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News
Etera assets increase by €340m in Q3
[16:55 CET 03-11] FINLAND – Etera Mutual Insurance Company has reported a nine-month return of 8.3% and said the market value of its assets has increased to €5.2bn.
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Super de Boer to lend €10m to its pension scheme
[14:30 CET 03-11] NETHERLANDS - Supermarket chain Super de Boer is lending its ailing pension fund €10m to resolve a dispute with pension officials about the scheme’s recovery plan.
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News
Levensloop take-up stabilises at 10%
[13:30 CET 03-11] NETHERLANDS – Take-up of the Dutch tax-friendly life course or ‘levensloop’ savings scheme has stabilised as approximately 10% of workers were members of schemes in 2008, the Dutch Association of Insurers (VvV) has claimed.
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Poor governance hit Irish pensions funding - experts
[16:45 CET 02-11] IRELAND - Pensions experts have claimed that a lack of focus on governance strategy had as much to do with the recent lower funding levels of Irish pension schemes as investment strategy.
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News
Luzern finally secures recovery plan
[16:30 CET 02-11] SWITZERLAND – The CHF4.3bn (€2.85bn) Pensionskasse for the canton of Luzern will increase its members' retirement age and introduce additional contributions to the scheme, in a bid to get it back to full funding.
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News
Akzo Nobel scheme returns 9.4%
[16:15 CET 02-11] NETHERLANDS - The €3.9bn pension fund of paints giant Akzo Nobel returned 9.4% on investments during the third quarter of 2009, raising its cover ratio to 110%.
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News
Swiss returns now predicted to average 10.1%
[17:15 CEST 30-10] SWITZERLAND – Calculations conducted by Swisscanto suggest the average return achieved by Swiss Pensionskassen in the first nine months of this year hit 8.2%, but rival firm State Street has predicted the figure is more likely to be 10.11%.
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News
Philips' Dutch pensions funding recovers to 126%
[14:00 CEST 30-10] NETHERLANDS - The €13.4bn Dutch pension fund of electronics giant Philips returned 7.2% on its investments at the end of the third quarter 2009 .
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NewsATP rebounds with 6.6% return in nine months
[13:00 CEST 30-10] DENMARK – ATP Group has almost recouped the losses it sustained in 2008 and reported an overall investment return of 6.6%, or DKK22.2bn (€2.98bn), in the first nine months of 2009.
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NewsVeritas CIO claims the 'crisis is over'
[15:00 CEST 29-10] FINLAND - Staffan Sevon, chief investment officer at Veritas Pension Insurance, has declared the recent financial crisis “is over”, after announcing the company’s investments have risen 9.4% so far this year, thanks to strong Finnish equity returns.
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News96% of UK DC funds offer investment choice
[16:40 CEST 28-10] UK – Latest figures from the Office for National Statistics (ONS) have revealed that over 90% of active members of defined contributions are offered a choice as to how they invest their money.
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NewsPension Fennia posts 8.1% return
[16:40 CEST 28-10] FINLAND - Eläke Fennia Mutual Pension Insurance Company boosted its coffers in the first nine months of this year thanks to a 8.1% return driven by equity investments.
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NewsFRR assets rise under revised allocation strategy
[16:20 CEST 27-10] FRANCE – Fonds de Reserve pour les Retraites (FRR), the French national pension reserve fund, is making comfortable investment gains under its new asset allocation strategy and now risen by almost 13% since the start of this year.
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News
Swedish architects' fund returns 7.8%
[16:15 CET 26-10] SWEDEN – AI Pension, the SEK 4.4bn (€432,6bn) fund for architects and engineers, has reported a return of 7.8% in the period between January and September 2009.
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News
UK roundup: Tyne & Wear review, AA Pension Scheme, Staffs
[15:00 CET 26-10] UK – The £3.8bn (€4.1bn) Tyne and Wear Pension Fund has revealed it expects to tender a number of investment mandates in the next two months. The AA pension fund has appointed Hewitt for consultancy services and Staffordshire is seeking an investment consultant.
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News
Finland's VER and Keva report positive Q3 returns
[15:30 CEST 23-10] FINLAND - Finnish pension funds are continuing their recovery from the market downturn, with the Local Government Pensions Institution (Keva) and Valtion Eläkerahasto (VER), the State Pension Fund, both announcing double-digit returns for the nine months to September 2009.
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News
Clearer accounting needed in Irish public sector pensions
[15:00 CEST 23-10] IRELAND – Accounting arrangements used for the disclosure of public sector pensions are an "inadequate basis" for reporting pension costs, according to a report by the Irish Comptroller and Auditor General (C&AG).
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News
APG's Sluimers: ‘too sombre’
[11:45 CEST 23-10] NETHERLANDS - Dick Sluimers, CEO of the Dutch pension provider APG, has challenged advice that the Dutch pension sector must reduce its return assumptions, reports our Dutch sister publication IPN. Sluimers was responding to the majority advice of the Don Commission on pensions at the end of ...
