Returns – Page 115
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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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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.
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NewsDanske Bank considers offloading Danica Pension
DENMARK – Subsidiary 'no sacred cow' despite doubling profits in 2011, CEO says.
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NewsIrish scheme funding suffers due to low yields in July despite 3.5% returns
IRELAND – Schemes still suffering from funding shortfalls despite index return of 10% this year.
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NewsDutch funds raise premiums instead of granting indexation – DNB
NETHERLANDS – Regulator reports 9 percentage point drop in coverage, cancelling out indexation.
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NewsDutch Pension Federation calls for holistic framework over HBS
NETHERLANDS – Federation calls for more country-specific analysis of proposal's impact.
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NewsDanish roundup: AP Pension, FSP, F&P, Lægernes Pension
DENMARK – AP Pension sees H1 returns of 5%, with contribution growth of 10%.
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NewsCoverage of Dutch schemes further down in July, says Mercer
NETHERLANDS – Slight decrease comes despite average equity portfolios returning 3%.
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NewsAer Lingus sees pension deficits increase as 'lengthy' lawsuits loom
IRELAND – Airline reiterates refusal to fund deficit despite funding shortfall increasing in June.
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BT scheme sees interest rate hedge lower returns by £750m
UK – Scheme of UK telecoms provider underperforms benchmark. returns only 1.7% in 2011.
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NewsFunding falls at Philips, KLM pension funds despite positive returns
NETHERLANDS – Schemes attribute worsening financial positions to falling interest rates.
