Funding – Page 161
-
News
Alecta drops 7.4% in 2008
[16:35 CET 13-02] SWEDEN – Alecta pension fund has reported a loss of 7.8% in 2008 although it claimed asset diversification had limited the decline in its portfolio.
-
NewsMetallRente grows assets in difficult year
[12:00 CET 13-02] GERMANY – The MetallRente pension provider saw its assets grow by 4% to €1.4bn in a year when its Pensionsfonds posted a negative return of -16.1%.
-
NewsThree Swedish pension funds report 'red light'
[17:00 CET 12-02] SWEDEN – The Finansinspektionen (FI), the Swedish Financial Supervisory Authority, has confirmed the buffer capital of Swedish pension funds declined at the end of 2008, and three funds reported a 'red light'.
-
News
OECD calls for pension expansion despite $5.4trn loss
[16:55 CET 12-02] GLOBAL – Private pensions across the world lost $5.4trn between January and December 2008, up from $5trn in October 2008, driven mainly by returns on US pension funds, according to figures from the Organisation for Economic Cooperation and Development (OECD).
-
NewsRolls-Royce may inject cash despite pensions surplus
[16:40 CET 12-02] UK – Rolls-Royce, the engine manufacturer, has today revealed it may need to contribute even more to its defined benefits (DB) pensions arrangements over the coming year even though pension fund was technically in surplus under IAS19 accounting.
-
NewsNPRF contributions to fund €7bn banking rescue (amended)
[13:30 CET 12-02] IRELAND – The Irish government has confirmed rescue of the banking sector will be financed through both existing National Pension Reserve Fund (NPRF) assets and contributions which would have been paid to the State pension fund over the next two years.
-
News
Iceland to allow 'temporary' access to 3rd pillar savings
[14:30 CET 11-02] ICELAND – The Icelandic government plans to introduce legislation allowing holders of individual pension accounts to access their savings early to meet “dire financial difficulties”.
-
News
Finnish funds fall an average 14%
[12:00 CET 11-02] FINLAND – The Finnish Pension Alliance TELA has revealed Finnish pension funds decreased in value by 14% last year as a result of their high exposure to equities.
-
News
Mercer warns of 'less transparency' under new accounting
[11:00 CET 11-02] NETHERLANDS - Replacing the present accounting rules for unlisted Dutch companies, as proposed, could lead to a decrease in transparency, a partner at Mercer Consultants has suggested.
-
News
Jobs go as AP1 alters asset management model
[10:45 CET 11-02] SWEDEN – Första AP-fonden (AP1), the first Swedish national pension Fund, is making 20 people redundant and changing its asset management model, in response to the credit crunch, to focus on strategic asset allocation.
-
News
VER may take 10% of local commercial paper
[16:30 CET 10-02] FINLAND – Valtion Eläkerahasto (VER), the state pension fund, has increased its allocation to commercial paper markets by €100m in February, although government plans to use it to help boost the economy could see it taking a 10% share of the market.
-
News
Member sentiment ups ING Emeklilik's bond exposure
TURKEY – The €169m ING Emeklilik pension insurance company has increased its exposure to fixed income, prompted by prevailing market sentiment among its customers.
-
News
Swiss Pensionskassen are 'stable' – ASIP
[16:50 CET 09-02] SWITZERLAND – ASIP, the pension fund association, has claimed Swiss Pensionskassen system are “weathering the storm” of the market, just as the Social Democrats suggest measures to keep it that way.
-
News
Complexity and costs have 'killed' DB
[15:15 CET 09-02] UK – An increase in “well-meaning” legislation has effectively ‘killed off’ defined benefit (DB) schemes through rising complexity and costs, experts have warned.
-
News
Choppy waters improve January deficits
[15:00 CET 09-02] UK – The UK’s private sector final salary pension schemes saw a slight improvement in January as deficits reduced a fraction, according to calculations made by the Pension Protection Fund.
-
News
Irish public sector workers plan action over levy
[16:45 CET 16:45] IRELAND – Irish public sector trade unions have warned they are “not ruling anything out” in reaction to government plans to introduce an average public service pension levy of 7.5% on €50,000 earnings.
-
News
Cantons reject mandatory full funding
[16:40 CET 06-02] SWITZERLAND – Swiss cantons officials have rejected government proposals to pass a law which would oblige all public funds to become fully-funded over the next 40 years, just as funding levels are falling further.
