Funding – Page 89
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NewsAIB pension deficit falls 10% despite €1.1bn loan transfer
IRELAND – Deficit falls €81m after transfer of loan portfolio to fund redundancy programme.
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Germany roundup: MetallRente, Towers Watson, Mercer
GERMANY – MetallRente attributes 11% return to ALM study, asset allocation shift.
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NewsDAX pension funds return 10% yet see liabilities grow
GERMANY – Defined benefit obligations increase from €256bn to record high of €311bn.
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NewsChange Irish funding standard or 'game over', LCP warns
IRELAND – Re-write of minimum funding standard needed to preserve schemes, consultancy says.
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NewsCypriot pension funds still hold half of €4bn assets in deposits
CYPRUS – Cyprus deposit tax, bailout makes 'mockery' of deposit guarantee system, says Schroders.
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NewsActuarial changes hit UBS pension funds for CHF4bn
SWITZERLAND – IAS 19R standard adopted last year eliminates 'corridor method'.
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Nordic roundup: KLP, TELA, Industriens, Lægernes, Hospira
EUROPE – Norway’s KLP sets aside extra NOK10.7bn for increased longevity demands.
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NewsNorwegian oil fund reports second highest return in 15-year history
NORWAY – Government Pension Fund Global continues strategic shift away from Europe.
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All asset classes produce 'good' returns at Finland's Fennia
FINLAND – Company posts €35m profit, recovering from 2011’s €69m operating loss.
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News16.5% equity return lifts 2012 performance at Sweden's Kåpan
SWEDEN – Strong results boost solvency levels at government employee pension fund.
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NewsLiabilities at Bank of Ireland pension fund increase by €1.3bn
IRELAND – Lender sees scheme's 13% return offset by more than 1% drop in discount rate.
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NewsDutch stick with risk-free discount rate despite pension fund pressure
NETHERLANDS – Ministry of Social Affairs aims to ensure 'all generations' can count on pension.
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Lloyds, RBS reflect on impact of changes to IAS19 accounting
UK – Changes to accounting standards would have increased losses, UK banks say.
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Ilmarinen returns 7.5%, agrees €100m shopping centre deal
FINLAND – Country’s second-largest private pension provider sees fortunes rebound.
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NewsAchmea remains wary of 'unsustainable' defined benefit products
NETHERLANDS – Dutch insurer says it will continue to 'withdraw' from guaranteed products.
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NewsPensionDanmark achieves record-high return despite market turbulence
DENMARK – Danish fund targets real estate, infrastructure to keep portfolio 'robust'.
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NewsPNO Media reports 15.2% return on back of equity portfolio
NETHERLANDS – Coverage ratio fails to improve beyond 95.6% reported at year-end, however.
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NewsFixed income portfolio helps ING pension fund return 14.4%
NETHERLANDS – Scheme cites negative US market sentiment, dollar depreciation for loss on equities.
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NewsDutch scheme attributes woeful coverage ratio to age of participants
NETHERLANDS – Royal Leerdam pension fund struggling to keep pace with 'extremely long' liabilities.
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NewsRoyal Leerdam among hardest hit as Dutch cuts bite
NETHERLANDS – Glass manufacturer reports lowest funding in list of 50 schemes facing rights cuts.
