Funding – Page 170
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News
Luxembourg may outsource national pension fund
LUXEMBOURG – Luxembourg intends to modify the running of its national pension reserve fund, which could result in management of the four billion-euro fund being put out to tender next year.
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News
ABP posts second quarter returns of +6.9%
NETHERLANDS – Europe’s largest pension fund, Stichting Pensioenfonds ABP, has announced that it made a total return on investment of 6.9% in the second quarter - boosted by rises in equities and alternatives.
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News
ABP to submit recovery plan to regulator
NETHERLANDS – Europe’s largest pension fund, the 133-billion euro Dutch civil service Stichting Pensioenfonds ABP, is to submit a recovery plan to the pensions regulator PVK.
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News
ABP mulls options as returns decline further
NETHERLANDS – Europe’s largest pension fund, the Dutch civil service Stichting Pensioenfonds ABP, says it needs scope to take “decisive action” after posting another decline in returns in the first quarter.
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News
ABP outlines 2003/2004 investment strategy
NETHERLANDS – Europe’s largest pension fund, the 147 billion euro Dutch civil servants’ ABP, says its investment strategy is geared towards fixed interest and equities in 2003/2004, matching its liabilities and risk profile – though it does not rule out making use of temporary market moves.
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Features
ABP ups premiums to protect fund
ABP, the e146bn Dutch civil service pension fund, has announced that it will raise the rate of contributions from employers and employees from 13% to 15%, as a result of weak stock markets. Fernando Jadoul, ABP’s director of public affairs, said: “After looking at the scheme’s financial position, we felt ...
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News
ABP says funds need longer investment horizons
NETHERLANDS- Jean Frijns, CIO of Europe’s largest pension fund, the 146 billion Euro Heerlen-based ABP, today opened the seminar for the second annual IPE Awards with a warning to pension funds that extreme market events are becoming more frequent - resulting in greater short-term volatility and a need for longer ...
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News
10% of Swiss occupational funds now underfunded
SWITZERLAND- One in ten of Switzerland’s 2,100 occupational pension schemes are underfunded according to government advisors and the urgent need to reallocate assets could benefit foreign fund managers.
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News
New laws reform Luxembourg's state pension
LUXEMBOURG- Luxembourg’s government has introduced radical and generous reforms to the country’s first pillar state pension that will produce higher basic pensions and provide incentives to retire later.
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News
ABP down €3bn after 'disappointing' 2001
NETHERLANDS – Europe’s largest pension fund, ABP, has reported a decline in pensions capital in 2001 from €150bn at the start of the year to €147bn at the end. The decline is the result of disappointing returns coupled with the decline in net assets and overlay contracts, says the company’s ...
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News
2001 worst year for UK Pension funds since 1990
UK- UK pension funds reported the worst returns last year for more than a decade according to the performance measurement consultants WM Company.
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News
£2.3bn Boots fund sells entire equity holding
The £2.3bn (e3.7bn) pension fund of the Boots group has sold its entire equity and short-term bond investments and switched its allocation to sterling long-dated fixed rate bonds in a shift that the fund says will save it around £10m per annum in management fees.....
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Features
UK schemes 'underfunded'
Increasing numbers of the UK’s largest pension funds are finding themselves under-funded, according to the latest annual study of company accounts to be published next week by consultant Bacon & Woodrow. The study of companies listed in the FTSE 100 index reveals that a wide variation exists in funding levels ...
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News
Luxembourg to reduce funds subscription tax
LUXEMBOURG – A proposal to reduce the annual subscription tax from 0.06% to 0.05% that investment funds in Luxembourg pay on their net assets under management is included in the draft budget for 2002 to go before parliament in September....
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News
ABP looks to property and hedge funds
NETHERLANDS – Dutch superfund, the NLG331bn (e150bn) Heerlen based ABP pension plan for Dutch civil servants and teachers, says it is considering increasing its allocation to real estate investment and will also shortly announce appointments to a number of hedge fund mandates as part of an e2bn hedge programme....
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News
ABP on course for equity increase despite markets
NETHERLANDS – Europe’s largest pension fund, the NLG331bn Heerlen based ABP pension fund for Dutch civil servants and teachers, says it is on course to complete its increased exposure programme to equity, despite taking a hit on its funding buffer last year due to the adverse market conditions....
