Returns – Page 102
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NewsSwiss pension fund SBB looks to introduce variable pension
SWITZERLAND – Managing director laments 'subsidisation' of pensioners by active members.
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NewsBoard to step down at Dutch pension fund for pharmacists over probe
NETHERLANDS – Board, rank-and-file members disagree on best organisation to conduct investigation.
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NewsAverage public pension fund in Switzerland achieves full funding
SWITZERLAND – Rallying equity markets help Swiss schemes bolster funding, Swisscanto survey shows.
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NewsIrish sponsors should be forced to back defined benefit funds – OECD
IRELAND – Report says sponsors should only be allowed to wind up DB funds with 90% or more funding.
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NewsFirst-quarter results boost funding at largest Dutch pension schemes
NETHERLANDS – ABP attributes 3.6% Q1 return to developed-country equity holdings.
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NewsSwiss must raise contributions or cut conversion rate, expert warns
SWITZERLAND – Second-pillar contributions will need to be raised by 'as much as 40%'.
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Swedish roundup: AP7, Church Pension Fund, Brummer Life
SWEDEN – AP7 buffer fund awards range of alpha equity, currency mandates.
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NewsKLM scheme boosts funding, but falls short of buffer target
NETHERLANDS – Cites US government's avoidance of 'fiscal cliff' for strong Q1 equity returns.
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NewsDomestic Norwegian oil fund underperforms global counterpart
NORWAY – Norwegian ministry of finance rules out use of systemic risk factors in bechmarks.
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NewsIrish call for smoothing not 'complete solution', says IAPF
IRELAND – Opposition Fianna Fáil proposes smoothing, changes to wind-up order.
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NewsDenmark's PFA shifts from bonds to US equity over euro-zone fears
DENMARK – Fund hopes bailout of Cyprus could be wake-up call for European singe currency.
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NewsCyprus Hotel fund country's 'safest financial institution', says CEO
CYPUS – Head of fund predicts 5% loss this year, as bailout fallout cushioned by diversification.
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NewsPolish pension association mounts defence amid nationalisation rumours
POLAND – IGTE insists private pillar vital when state pension fund could become insolvent.
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NewsMorgan Stanley predicts increased BT deficit, de-rates shares
UK – Broker predicts pension deficit of UK company to top £6bn in forthcoming annual results.
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NewsAustrian funds see wide dispersion of returns despite similar portfolios
AUSTRIA – Figures compiled by Mercer show APK achieved returns twice as high as those of rival.
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NewsIrish deficits fall on first quarter's global equity growth
IRELAND – Consultancy LCP estimates mature fund could have seen funding increase 3.5%.
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NewsDutch pension fund assets top €1trn
NETHERLANDS – Aon Hewitt questions sustainability of UFR in long term, as coverage ratios rise.
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Swedish roundup: AP1, Tele2, PP Pension, Collectum
SWEDEN – Swedish buffer fund could see multi-million payout as part of Tele2 sale.
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NewsReturn of 10.5% at France's FRR offsets poor results of 2011
FRANCE – Assets under management at Fonds de Réserve pour les Retraites climb to €36.6bn.
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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.
