Returns – Page 153
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News
AMF Pension reports 10.9% return
[16:45 CET 05-11] SWEDEN – AMF Pension has reported a nine-month return of 10.9%, allowing it to increase the bonus rate for its defined contribution traditional insurance plan to 8%.
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News
Irish managed funds drop 2.5%
[16:35 CET 05-11] IRELAND – Irish managed funds produced their first negative performance for eight months and an average return of -2.5% in October, according to figures from Rubicon Investment Consulting.
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Asset Class Reports
Private equity fundraising falls in 2009
[13:30 CET 05-11] GLOBAL - Private equity funds have raised only $150bn (€101bn) in the primary business market so far this year as the financial crisis has made investors more cautious, according to private equity placement agent Triago.
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News
Danica's traditional scheme returns 5.8%
17:15 CET 04-11] DENMARK – Danica Pension has reported a "satisfactory" return of 5.8% on its traditional pension plan in the first three quarters of the year.
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News
London transport authority seeks legal review of PPF levy
[16:00 CET 04-11] UK – Transport for London (TfL) is seeking a judicial review against the Pension Protection Fund (PPF) over an "unreasonable" levy of £9m (€10m) relating to the pension funds of the failed infrastructure provider Metronet.
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News
Average Dutch cover ratio drops to 108%
[14:30 CET 04-11] NETHERLANDS - The average cover ratio of Dutch pension funds decreased two percentage points to 108% during October, according to Hewitt Associates.
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News
Etera assets increase by €340m in Q3
[16:55 CET 03-11] FINLAND – Etera Mutual Insurance Company has reported a nine-month return of 8.3% and said the market value of its assets has increased to €5.2bn.
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News
Super de Boer to lend €10m to its pension scheme
[14:30 CET 03-11] NETHERLANDS - Supermarket chain Super de Boer is lending its ailing pension fund €10m to resolve a dispute with pension officials about the scheme’s recovery plan.
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News
Levensloop take-up stabilises at 10%
[13:30 CET 03-11] NETHERLANDS – Take-up of the Dutch tax-friendly life course or ‘levensloop’ savings scheme has stabilised as approximately 10% of workers were members of schemes in 2008, the Dutch Association of Insurers (VvV) has claimed.
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News
Poor governance hit Irish pensions funding - experts
[16:45 CET 02-11] IRELAND - Pensions experts have claimed that a lack of focus on governance strategy had as much to do with the recent lower funding levels of Irish pension schemes as investment strategy.
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News
Luzern finally secures recovery plan
[16:30 CET 02-11] SWITZERLAND – The CHF4.3bn (€2.85bn) Pensionskasse for the canton of Luzern will increase its members' retirement age and introduce additional contributions to the scheme, in a bid to get it back to full funding.
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News
Akzo Nobel scheme returns 9.4%
[16:15 CET 02-11] NETHERLANDS - The €3.9bn pension fund of paints giant Akzo Nobel returned 9.4% on investments during the third quarter of 2009, raising its cover ratio to 110%.
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News
Swiss returns now predicted to average 10.1%
[17:15 CEST 30-10] SWITZERLAND – Calculations conducted by Swisscanto suggest the average return achieved by Swiss Pensionskassen in the first nine months of this year hit 8.2%, but rival firm State Street has predicted the figure is more likely to be 10.11%.
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News
Philips' Dutch pensions funding recovers to 126%
[14:00 CEST 30-10] NETHERLANDS - The €13.4bn Dutch pension fund of electronics giant Philips returned 7.2% on its investments at the end of the third quarter 2009 .
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News
ATP rebounds with 6.6% return in nine months
[13:00 CEST 30-10] DENMARK – ATP Group has almost recouped the losses it sustained in 2008 and reported an overall investment return of 6.6%, or DKK22.2bn (€2.98bn), in the first nine months of 2009.
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News
Veritas CIO claims the 'crisis is over'
[15:00 CEST 29-10] FINLAND - Staffan Sevon, chief investment officer at Veritas Pension Insurance, has declared the recent financial crisis “is over”, after announcing the company’s investments have risen 9.4% so far this year, thanks to strong Finnish equity returns.
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News
96% of UK DC funds offer investment choice
[16:40 CEST 28-10] UK – Latest figures from the Office for National Statistics (ONS) have revealed that over 90% of active members of defined contributions are offered a choice as to how they invest their money.
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News
Pension Fennia posts 8.1% return
[16:40 CEST 28-10] FINLAND - Eläke Fennia Mutual Pension Insurance Company boosted its coffers in the first nine months of this year thanks to a 8.1% return driven by equity investments.
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News
FRR assets rise under revised allocation strategy
[16:20 CEST 27-10] FRANCE – Fonds de Reserve pour les Retraites (FRR), the French national pension reserve fund, is making comfortable investment gains under its new asset allocation strategy and now risen by almost 13% since the start of this year.
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News
Swedish architects' fund returns 7.8%
[16:15 CET 26-10] SWEDEN – AI Pension, the SEK 4.4bn (€432,6bn) fund for architects and engineers, has reported a return of 7.8% in the period between January and September 2009.