Returns – Page 109
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News
QE had 'broadly neutral impact' on pension funds, says Bank of England
UK – Central bank assumptions challenged by Hymans Robertson as too ‘broad brush’.
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NewsIrish NTMA sells €1bn of amortising bonds in first auction
IRELAND – Bonds with maturities of 35 years prove most popular, raising €330m.
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NewsDenmark's ATP sees profits fall by 50% over H1 2011
DENMARK – Investment returns see lower year-on-year decline, down DKK1.4bn.
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NewsDutch face rights cuts of 8% with current discount rate, says government
NETHERLANDS – Leaked memo estimates 12m at risk of rights cuts if discount rate is maintained.
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NewsABP and PMT reject call to buy bank mortgage portfolios
NETHERLANDS – Employer lobby group agrued loan sale would allow banks to start lending again.
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NewsDutch scheme ABP expects rights cuts of up to 14%
NETHERLANDS – Leaked memo predicts average contribution will need to rise nearly 30%.
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NewsConcerns over exits at Ilmarinen-owned manager leads to 'unsatisfactory' results
EUROPE – Private equity fund manager nonetheless predicts €700m fundraising by year-end.
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NewsFinancial markets in pre-euro state, says Finland's Varma
FINLAND – Provider posts 3.4% returns for six months to June despite euro-zone uncertainty.
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NewsAIB pension trustees approve €1.1bn loan portfolio transfer
IRELAND – Transfer to address scheme deficit, fund early retirement redundancies.
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NewsDanish labour-market pension schemes announce merger
DENMARK – PFA to run new scheme formed by merger of FunktionærPension, Dansk Erhverv Pension.
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NewsDawson enters administration after PPF rejects offer
UK – Pension Protection Fund refuses to sever link between Scottish company and pension fund.
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NewsDenmark's PKA to expand infrastructure investment 'significantly'
DENMARK – Labour-market pensions administrator returns 7.6% in first half of year.
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NewsFirst-half returns surge at Denmark's PFA Pension
DENMARK – Company says performance demonstrates flexibility of investment strategy.
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NewsCoverage ratio plummets at pension fund for Dutch hairdressers
NETHERLANDS – Funding drops below 75% after implementation of hedging strategy delayed.
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NewsDutch pension fund SPW loses 27% on opportunities portfolio
NETHERLANDS – €7bn scheme sacks previous portfolio manager over valuation concerns.
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NewsBBC pension fund deficit almost doubles due to interest rates
UK – Scheme for public service broadcaster sees funding ratio fall to 78% despite £170m deficit reduction payments.
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News
Danish roundup: PenSam, Unipension
DENMARK – Occupational pensions provider PenSam reports 6.8% investment return for first half.
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NewsDAX pension schemes' funding improves despite low rates
GERMANY – Listed company's average funding grows from 54% to 66% in 2011, says Towers Watson.
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NewsNorwegian oil fund sees investment losses of 2.2% in second quarter
NORWAY – Weakening kroner allows Norwegian Pension Fund Global to offset losses.
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NewsEven 5.9% pension rights cut might not be enough, PNO warns
NETHERLANDS – Troubled scheme's coverage ratio dragged down to 88.8% by falling interest rates.
