Funding – Page 165
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News
Dutch pensions fell 10% in nine months
[16:15 CET 20-01] NETHERLANDS - The combined pension assets of Dutch pension funds and life insurers dropped 10% during the first three quarters of 2008, Statistics Netherlands has revealed.
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Features
Why the FTK is future-proof
In this instalment of our series of discussion papers on defined benefit pensions, Klaas Knot argues why the Dutch FTK pension solvency system is robust and can cope with future developments and goals
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News
PPF ready to face Nortel's £1bn deficit
[16:25 CET 19-01] UK – The Pension Protection Fund (PPF) today has said it would be able to handle a £1bn (€1.12bn) deficit, as the ailing UK pension scheme of defunct Canadian telecoms giant Nortel is poised to be placed in the UK lifeboat scheme.
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News
Finnish local government fund drops 20% in 2008
[16:20 CET 19-01] FINLAND – The Local Government Pensions Institution (LGPI) has reported an overall investment return in 2008 of -20%, the worst figure in the institution's history.
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News
Recovery rules may force premiums up
[16:15 CET 19-01] NETHERLANDS - Pension funds could be forced to increase their pension contributions further in a bid to meet the recovery plans rules of regulator De Nederlandsche Bank, consultancy firm Hewitt Associates has suggested.
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News
Camden fulfils first stage of restructuring
[14:00 CET 19-01] UK – Camden County Council has completed the first phase of its portfolio restructuring and confirmed the appointment of four new investment managers.
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News
ING grants indexation despite low cover ratio
[12:00 CET 19-01] NETHERLANDS - The €10bn pension fund of Dutch finance giant ING is still able to grant full indexation to its members, despite a shortfall on its required financial reserves.
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News
Isle of Man to consult on unifying public pensions
[16:30 CET 16-01] UK – The Isle of Man has confirmed it will begin a three-month consultation next month over proposals to replace 15 of the island's 20 public sector pension plans with a new unified scheme.
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News
Polish Treasury worried about Eureko
POLAND – The current situation of Dutch insurer Eureko was “a cause for concern for the Polish people” given Eureko’s commitment to the Polish market, the Treasury said in a statement.
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News
ISEQ pension deficit estimated at €7.8bn
[15:45 CET 16-01] IRELAND – The aggregate deficit in pension schemes belonging to companies on the Irish Stock Exchange (ISEQ) increased to €7.6bn, according to latest estimates by Mercer.
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News
Lausanne pension gap needs CHF350m bridge
[15:15 CET 16-01] SWITZERLAND – The Swiss city of Lausanne has proposed a CHF350m (€235.4m) injection for its ailing CHF1.09bn Caisse de Pensions de la Commune de Lausanne (CPCL) pension fund.
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News
Strategic hedge keeps Rabo scheme funding high
[14:30 CET 16-01] NETHERLANDS - The €10bn pension fund of financial giant Rabobank has kept its cover ratio far above the required funding, thanks to an extensive strategic hedge.
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News
Swiss funds hit historic returns low
[16:40 CET 15-01] SWITZERLAND – Swiss Pensionskassen posted a negative return of 13% for the full year 2008, according to preliminary calculations for the Credit Suisse Pensionskassenindex.
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News
Gov't offers Eq Life apology but limits compensation
[16:15 CET 15-01] UK – The UK government has accepted charges of maladministration in some areas relating to the near collapse of Equitable Life, but has only agreed to set up a payment scheme for policyholders "disproportionately" affected by the event.
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News
Ilmarinen lost 17% in 2008
[15:30 CET 15-01] FINLAND – Ilmarinen Mutual Insurance Pension Company has reported an annual return on investments of -17.5% in 2008, but has warned it will not look to fill the gap by "panicking and selling shares".
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News
DSM scheme refrains from indexation
[16:00 CET 13-01] NETHERLANDS - PDN, the pension fund of chemicals giant DSM, has revealed it cannot grant its participants any indexation in 2009 as the scheme is underfunded.
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News
UK deficits hit £194bn in 2008
[16:30 CET 12-01] UK – Pension scheme funding was substantially worse in the UK last year than in 2007, the Pension Protection Fund has revealed, as aggregate deficits rose to over £194bn (€ by the end of December and the total assets valued within pension funds are thought to have ...
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News
Ailing printer manufacturer to top-up pension
[16:15 CET 12-01] NETHERLANDS – Dutch printer manufacturer Océ has today unveiled an €80m savings package for the firm but revealed it will also increase the cash contribution to its ailing Dutch pension fund.
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News
Pharmacists’ pension prescribes 2% indexation
[15:45 CET 12-01] NETHERLANDS - The €1bn pension fund for pharmacies’ staff (PMA) has granted all its participants an indexation of 2% for 2009.
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NewsCEO-less Eureko taps shareholders
[16:30 CET 09-01] NETHERLANDS – Dutch insurance giant Eureko, whose chief executive stepped down earlier this month, has asked shareholders for capital to bolster solvency levels.
