Returns – Page 148
-
News
Icelandic pension assets near €12bn
ICELAND – Net pension fund assets at the end of April increased by ISK16bn (€102m) over the month, following increases in both equity and fixed income investments.
-
News
OECD report warns of income 'lottery' for future retirees
EUROPE – Future retirees can expect dramatic fluctuations in defined contribution (DC) scheme payouts unless they adopt investment strategies that lessen the impact of market shocks, according to the Organisation for Economic Co-operation and Development (OECD).
-
News
First-quarter results mixed for Italian private pension funds
ITALY – The Italian private pension fund sector showed mixed signs in terms of growth of members and assets in the wake of recent volatility in the financial markets.
-
News
Early access to pension assets a mistake, warns Mercer
UK – Giving savers access to their pension fund before retirement would be a mistake, according to Mercer.
-
News
Dutch postal pension fund to hedge interest risk through swaptions
NETHERLANDS – The Dutch postal pension fund TNT will limit its risk by gradually increasing its 75% interest hedge on its liabilities to full cover.
-
News
Hewitt: Most Dutch pension funds failing to meet minimum cover ratios
NETHERLANDS – The cover ratio of most Dutch pension funds has fallen to less than the 105% minimum required by the government, according to Hewitt Associates.
-
News
Trustees need to prepare covenant arrangements, says UK Pensions Regulator
UK – Trustees should prepare plans to access employer support to the scheme, such as contingent assets, ahead of time, instead of waiting to ask for extra security when it would weaken the sponsoring employer, The Pensions Regulator (TPR) has said.
-
News
UK funding roundup: DB deficit reaches £41.5bn in May
UK – The funding position of UK defined benefit schemes deteriorated in May, with the aggregate deficit increasing to £41.5bn (€50.1bn) at the end of the month, according to figures from the Pension Protection Fund (PPF).
-
News
UK roundup: West Sussex, Coca-Cola, Ernst & Young, Tax relief
UK – West Sussex County Council is seeking a transition manager for its local government pension scheme, while trade unions are threatening Coca-Cola with strike action over changes to the final salary pension scheme.
-
News
KPN scheme lowers fixed income risk profile
NETHERLANDS – The pension fund of telecoms firm KPN reduced its exposure to government bonds of eurozone and emerging economies last year in a bid to reduce its risk profile.
-
News
Irish managed funds' strong performance slips in May
IRELAND – Global market volatility caused Irish managed pension funds to produce an average return of -2.8% in May.
-
News
AHV recovers surplus ahead of its planned separation
SWITZERLAND – The Swiss first pillar fund AHV recovered from a financial deficit in 2008 to a surplus in 2009, posting a return of 11.5% ahead of its planned separation into three discrete entities.
-
News
UK roundup: PIRC, Hammersmith, BAE, Tate & Lyle
UK – Revisions to the UK Corporate Governance Code requiring the annual re-election of directors of FTSE 350 companies has been welcomed by an independent corporate governance adviser, despite concerns from pension funds.
-
News
Swedish government criticises long-term returns of AP funds
SWEDEN - In its annual evaluation of the AP funds the Swedish government has expressed dissatisfaction with their long-term performance, despite 2009 providing the best returns since inception 2001.
-
News
UNJSPF assets reach €31bn in Q1
GLOBAL – The United Nations Joint Staff Pension Fund (UNJSPF) has seen its asset value increase by 2.2% to $38.35bn (€30.9bn) in the first quarter of the year.
-
News
Swiss guarantee fund reports lowest payout in decades
SWITZERLAND – The CHF859.6m (€602.3m) Swiss “Sicherheitsfonds”, the fund for insolvency protection of Pensionskassen, reported the lowest pay-out for 15 years in 2009 as it adjusted its asset allocation.
-
News
Defined ambition should replace defined benefit – PGGM
NETHERLANDS – A new ‘defined ambition’ concept should replace defined benefit (DB) arrangements, according to a leading Dutch pensions actuary.
-
NewsCost of de-risking remains a barrier for UK trustees
UK – Trustees see cost issues as the biggest barrier to reducing risk in a pension scheme, leading a significant number to make deficit funding programmes a priority, a study has revealed.
-
NewsUK government to tackle Royal Mail pensions deficit
UK – The Royal Mail defined benefit (DB) pension deficit is one of the areas that will be tackled by the Conservative-Liberal coalition government in a new Postal Services Bill announced in the Queen's Speech.
-
NewsLump sum payments could help Dutch pension funds
NETHERLANDS - Introducing a lump sum payment as part of pension benefits could decrease the risks for Dutch pension funds, Hewitt Associates has suggested.
