Investor Strategy – Page 123
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News
ING pension sets aside 3% to cover longevity
[16:00 CET 05-02] NETHERLANDS - The €10bn pension fund of banking giant ING saw its cover ratio rise by 11 percentage points to 118% in 2009, after making additional provisions for longevity.
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Finnish pension funds return 19% on equities growth
[15:45 CET 05-02] FINLAND - Finnish occupational pension funds returned an average 19% on investments in 2009 thanks to the equity rally, and clawed back the 14% loss suffered in 2008.
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ExxonMobil’s pension cover jumps to 168%
[16:50 CET 04-02] NETHERLANDS - The €1.8bn pension fund Protector, of energy giant ExxonMobil, saw its cover ratio leap from 122.4% in 2008 to almost 168% in 2009, according to preliminary figures.
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Swiss Migros aims for more diversification
[15:45 CET 04-02] SWITZERLAND – The CHF15bn (€10.2bn) Pensionskasse of the Swiss retailer Migros is looking to further diversify its equity portfolio internationally after a 10.9% performance last year.
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NewsUK roundup: C&W, Hertfordshire, Institute of Directors
[15:00 CET 04-02] UK – Cable & Wireless have agreed a pension settlement with the trustees of its UK defined benefit scheme, which is to be split as part of its demerger, while Hertfordshire County Council is seeking a pensions administrator and the Institute of Directors is calling for the ...
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Property bounce aides Belgian pension funds
BELGIUM – A study of 90 active pension funds by consultancy Mercer suggests Belgian pension funds returned a median of 18.5% on investments by the end of 2009, thanks to a rally in equities and real estate.
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Ireland roundup: IAPF, IAA and Fáilte Ireland
[17:00 CET 02-02] IRELAND – The Irish Association of Pension Funds (IAPF) has issued guidance for trustees on how to comply with the organisation's new investment guidelines for defined contribution (DC) schemes.
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NewsSlovakia faces EC action over non-euro pension stance
SLOVAKIA – The European Commission has warned Slovakia it must remove restrictions on statutory second pillar pension funds which prevent schemes from investing in non-euro area assets.
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Three in four Dutch pension plans adopt SRI
[15:15 CET 02-02] NETHERLANDS - The number of Dutch pension funds adopting a socially-responsible investment (SRI) policy has more than doubled since 2006 to 73% of all schemes, the combined pensions organisations have claimed.
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News
Global pension assets reach 70% of GDP
[17:00 CET 01-02] GLOBAL - Pension fund assets amounted to 70% of the average global GDP last year, up from 58% in 2008, research from Towers Watson suggests.
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News
Boots mulls replacing risk-averse DB pension with DC
[16:45 CET 01-02] UK – Alliance Boots has confirmed it is entering into a consultation period with employees regarding plans to close its £3.9bn (€4.5bn) defined benefit (DB) scheme to future accrual and replace it with a defined contribution (DC) scheme.
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German corporates continue shift to pension plans
[16:40 CET 01-02] GERMANY – German companies are still committed to strengthening occupational pensions, but some firms might have chosen the wrong reasons for outsourcing liabilities, pensions experts have claimed.
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FundQuest predicts pooling will drive fiduciary business
[15:45 CET 01-02] EUROPE - FundQuest, the €85bn multimanager outfit of BNP Paribas Investment Partners, expects its asset pooling platform to boost the money it runs for the banking group’s institutional fiduciary management clients.
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News
Hard-hit PME changes board structure
[16:55 CET 29-01] NETHERLANDS - The €21bn metal scheme PME has decided to change its governance structure as a result of the financial crisis which reduced its cover ratio to 84% last year.
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News
Social partners back Goudswaard Panel views
[16:00 CET 28-01] NETHERLANDS – Dutch employer and employee groups have backed findings presented yesterday by the Goudswaard Committee, claiming pension funds must scale down their ambitions and get members to accept increased risk, if they are to keep the pension system future-proof.
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News
Norway's pension reforms hinge on tackling sick benefits - IMF
[15:45 CET 28-01] NORWAY – The International Monetary Fund (IMF) has warned Norway must tackle the very high inflow into sickness and disability benefit schemes if the pension reforms implemented in 2010-11 are to be effective.
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UK roundup: Reading and Oxford Unis, Mercury Provident, EMAP, Inchcape
[15:25 CET 28-01] UK – The universities of Reading and Oxford are seeking actuarial services and an administration system for their respective pension schemes.
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News
OPG settles legal claim with SSGA
[17:10 CET 27-01] NETHERLANDS - The pension fund OPG has reached a settlement agreement with State Street Global Advisers (SSgA) concerning the loss of all assets related to the collapse of Lehman Brothers.
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News
Pension funds must alter ambitions and risk – Dutch experts
[17:00 CET 27-01] NETHERLANDS – A committee of Dutch pensions finance experts claims pension funds must scale down their pensions benefit ambitions and adjust their risk approach in order to keep the present pension system affordable.
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SAM to offer 'sustainable' fees
[15:15 CET 27-01] GLOBAL - A new fee structure for institutional asset owners and their managers has been launched by Swiss-based Sustainable Asset Management, in a bid to align the long-term interests of the two parties.
