Funding – Page 92
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News
Swiss pensions watchdog to alter calculations for funding levels
SWITZERLAND – Number of underfunded schemes increases by 6 percentage points year on year.
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PFZW to stand by indexation promise in pensions contract
NETHERLANDS – Scheme 'prepared' for switch from nominal contract to plan based on real terms.
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Swiss BVK wins vote of confidence from members
SWITZERLAND – Members had threatened to leave scheme due to funding gap, uncertainty over aid.
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UK Coal reaches restructuring agreement with pension funds
UK – Schemes invest £30m for 75% share in new property company Harworth Estates.
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ATP study shows 'no link' between pension funds' returns, costs
DENMARK – Lægernes Pensionskasse dismisses analysis as 'academically useless'.
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Momentum in Germany's second-pillar pension system slows – report
GERMANY – Government report says system has developed 'positively', but erratically.
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Irish roundup: AIB, IBOA, Arnotts, Mandate
IRELAND – Negotiations over closure of AIB fund referred to Labour Relations Commission.
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Swedish roundup: AP6, Vertical Wind, Electric Generation, PPM
SWEDEN – AP6 to offload shares in tech start-ups Vertical Wind, Electric Generation.
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Danish roundup: PensionDanmark, Forsikring & Pension
DENMARK - PensionDanmark sees total assets under management increase 10% since January.
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Russia's second-pillar pension system facing contribution cuts
RUSSIA – Government aiming to follow in footsteps of Poland, Slovakia and Baltic states.
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Dutch pension fund to liquidate, merge with €34.5bn BpfBOUW
NETHERLANDS – Scheme for concrete-processing industry 'too small to operate independently'.
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Pension fund for Dutch notaries to cut pension rights again
NETHERLANDS – SNPF, which cut rights by 2% last year, to cut rights again by at least 5.8%.
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Opaque Dutch pension system shifting towards DC – CPB
NETHERLANDS – Deputy director says industry must do more to improve benefit transparency.
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Financial crisis 'too big' for Central, Eastern Europe's second pillars
EUROPE – World Bank chief economist points to 'tension' between short, long-term fiscal objectives.
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Ireland's NPRF sees 5.9% year-to-date returns
IRELAND – NPRF Commission rolls proceeds from previous put options into new positions.
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Actuaries enabling LGPS to 'postpone' funding decisions
UK – Local authorities putting off tough deficit decisions, Pensions Institute warns.
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Profits at Danish pensions provider PFA surge by 178%
DENMARK – Contributions jump by 20% over period at country's biggest pensions provider.
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Finnish roundup: Varma, Tapiola, Etera, Ilmarinen
FINLAND – Varma returns 5.7% in quarter, bouncing back from 4.2% loss last year.
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Vattenfall to dismantle pensions foundation in Sweden
SWEDEN – Energy company to bring pension liabilities back onto balance sheet.
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Swiss pension funds 'miscalculating' liabilities
SWITZERLAND – More 'honest' calculation could shrink number of schemes, Towers Watson says.