All articles by Pirkko Juntunen – Page 9
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Country Report
Norway: Active enquiry
The €346bn Norwegian Global Pension Fund lost more than 23% in 2008 but went on to book a stellar 2009 with returns of over 25%. However, transparency also means scrutiny, and an enquiry into active the benefits of active management followed, writes Pirkko Juntunen
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Country ReportSweden: Liabilities rule
Pirkko Juntunen reviews the activities and performance of Swedish pension funds and companies
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Country Report
France: Morning of a long day of mergers
Pirkko Juntunen assesses the changes in the French asset management landscape
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News
Swedish roundup: AP7, Hendelsbank, Nordea, SEB, Swedbank
SWEDEN - AP7 has appointed Normura Asset Management to run an alpha investment strategy focusing on Asia and Japan.
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News
Equities continue to drive Finnish performance in Q1
FINLAND – Pension insurer Etera and local authority pension fund Keva are the latest Finnish institutions to post first quarter returns of 4% and above.
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News
Finnish pension insurers reap equity rewards
FINLAND – Finnish pension insurers continue to benefit from increased allocations to equities, particularly domestic stocks, as both Veritas Pension Insurance Company and Tapiola Pension post three-month returns of more than 4%.
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News
Alecta’s returns 3.4% for Q1 and cuts costs
SWEDEN - Swedish pension provider Alecta returned 3.4% for the first quarter of 2010, marking a significant improvement on its negative performance for the same period last year, but also below its five-year average.
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News
Younger Swedes face lower pensions income
SWEDEN - Swedes born in the 1980s and 1990s can still expect receive a total pension income worth 60-65% of their final salary, yet this is substantially lower than those born in the 1930s and 1940s, according to a survey by pension provider Folksam.
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NewsNordic equities drive Fennia performance
FINLAND - Finnish pension provider Eläke-Fennia returned 3.6% in the first quarter of this year and its equities holding returned 10.1%, driven by Finnish and other Nordic markets.
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NewsIlmarinen sets a trend for positive returns in Q1
FINLAND – The start of this investment year has continued with the same positive spirit as 2009 for Finnish pension insurer Ilmarinen, as it returned 5% in the first three months of the year.
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NewsSwedish roundup: AP1, Pensions performance, SIFA, Member knowledge
SWEDEN - The equities team at AP1, one of the Swedish national buffer funds, has been strengthened with two new hires. The appointments take the number of portfolio managers to five, divided into Swedish and European teams.
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News
Investment returns improve Finnish pension solvency levels
FINLAND - Finnish pension insurance companies improved their solvency levels in 2009 as a result of good investment returns that were boosted by equities.
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NewsNorway proposes reduction of active management for Global fund
NORWAY - The ministry of finance in Norway proposes to reduce active management for the country’s giant NOK2.76trn (€342bn) Government Pension Fund Global.
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NewsTelia Sonera Pension funds return 12.5% in 2009
SWEDEN - Following the general trend in the Nordic region, Telia Sonera’s pension funds retuned 12.5% for 2009 compared to a loss of 8.5% in 2008.
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News
Industriens Pension active investments return 22.4% in 2009
DENMARK - Industriens Pension, the pension fund for the industrial sector in Denmark, returned 22.4% in 2009, before taxes. The positive return is a result of a large equity and corporate bond allocation.
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News
PensionDanmark posts record returns for 2009
DENMARK – PensionDanmark’s full-year performance figures for 2009 showed the firm generated record returns of DKK10.5bn – a slight increase on the DKK10.4bn first published in preliminary numbers in February.
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News
Swedish update: FPK posts 5.2% return for 2009
SWEDEN - Försäkringsbranschens Pensionskassa (FPK) the pension fund for the insurance industry in Sweden, returned 5.2% in 2009 as a result of strong stock market performance.
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News
Danish pensions received record contributions in 2009
DENMARK - Danes paid a record DKK116bn (€15.58bn) in pension contributions in 2009 despite the financial crises, according to latest numbers from the insurance association, Forsikring & Pension. However, officials warn contributions will fall in 2010.
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News
Swedish pension system shows deficit despite good AP results
SWEDEN - The Swedish state pension system, including the AP funds, saw record returns for 2009 but despite the positive performance the state system as a whole remains underfunded.
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News
AP7 sees record returns in 2009
SWEDEN - AP7, the Swedish national buffer fund with a mandate to manage assets within the premium pension system, saw record returns for both of its portfolios in 2009, the last year it operated according to its old model.
