Returns – Page 154
-
News
Global pensions rebound after 2008 losses
[16:00 CET 26-10] GLOBAL - Last year’s financial downturn caused losses of over $5trn (€3.5trn) to pension funds worldwide, new figures from the Organisation for Economic Co-operation and Development (OECD) show today.
-
News
UK roundup: Tyne & Wear review, AA Pension Scheme, Staffs
[15:00 CET 26-10] UK – The £3.8bn (€4.1bn) Tyne and Wear Pension Fund has revealed it expects to tender a number of investment mandates in the next two months. The AA pension fund has appointed Hewitt for consultancy services and Staffordshire is seeking an investment consultant.
-
News
Finland's VER and Keva report positive Q3 returns
[15:30 CEST 23-10] FINLAND - Finnish pension funds are continuing their recovery from the market downturn, with the Local Government Pensions Institution (Keva) and Valtion Eläkerahasto (VER), the State Pension Fund, both announcing double-digit returns for the nine months to September 2009.
-
News
Clearer accounting needed in Irish public sector pensions
[15:00 CEST 23-10] IRELAND – Accounting arrangements used for the disclosure of public sector pensions are an "inadequate basis" for reporting pension costs, according to a report by the Irish Comptroller and Auditor General (C&AG).
-
News
APG's Sluimers: ‘too sombre’
[11:45 CEST 23-10] NETHERLANDS - Dick Sluimers, CEO of the Dutch pension provider APG, has challenged advice that the Dutch pension sector must reduce its return assumptions, reports our Dutch sister publication IPN. Sluimers was responding to the majority advice of the Don Commission on pensions at the end of ...
-
News
Dutch pension giants report strong recovery
[16:00 CEST 22-10] NETHERLANDS - Recovering equity markets and well-performing investments in listed property and high-yield bonds were the main contributors to a strong 8% recovery during the third quarter for pension funds PfZW, PMT and PME.
-
News
Swiss pensions return to full funding
[15:45 CEST 22-10] SWITZERLAND – Swiss pensionskassen delivered an investment return of 9% for the first nine months of this year and recovering markets have helped bring funding levels of private funds back up to 100%, according to Swiss consultancy Lusenti.
-
News
Irish public sector pensions face Budget cuts
[17:00 CEST 21-10] IRELAND – Brian Cowen, Ireland's premier, has warned public sector pay and pensions could see fresh cuts in the December Budget, in the government's bid to stabilise the country's deficit and make €4bn of savings.
-
News
Ilmarinen and Tapiola recoup losses
[16:45 CEST 20-10] FINLAND – Ilmarinen pension insurance company has reported a 13.4% return between January and the end of September, driven primarily by equity returns of 22.9%.
-
News
LPFA calls for reforms after 19% loss for LGPS
[16:20 CEST 20-10] UK – The London Pensions Fund Authority (LPFA) has warned an increased retirement age and a move to career average earnings must seriously be considered as a way of making public sector pensions more sustainable.
-
News
Austrian study blames pension funds for the financial crisis
[16:15 CEST 20-10] AUSTRIA/GLOBAL – The growth of funded pension systems over the last decades has helped destabilise the equity markets, a new study commissioned by the Viennese Labour Chamber (AK Wien) concludes.
-
News
Energy regulator to encourage longer UK pension funding periods
[16:45 CEST 19-10] UK – Ofgem, the regulator of UK electricity and gas companies, has presented fresh proposals which could see energy firms incentivised for lowering pension costs rather than place the charge on consumers’ bills.
-
News
DNB rejects ANWB scheme’s recovery plan
[16:15 CEST 19-10] NETHERLANDS - Pensions regulator De Nederlandsche Bank has rejected a fourth recovery plan from the €640m pension fund of motorists’ lobbying organisation ANWB.
-
News
Crisis forces Basel-Land to consider DC switch
[15:45 CEST 19-10] SWITZERLAND – The canton of the region of Basel is investigating whether to switch from a defined benefit scheme to a defined contribution plan for its CHF4.5bn (€3bn) public pension fund BLPK, in the wake of the recent crisis.
-
News
Varma posts 10.8% return year-to-date
[15:30 CEST 19-10] FINLAND – Varma Mutual Pension Insurance Company has posted a 10.8% return for the first nine months of 2009 and its investment portfolio reached €28.3bn by the end of September.
-
News
Market improvement lifts TNT’s pensions value
[16:05 CEST 16-10] NETHERLANDS – The Dutch TNT pension fund saw the value of its investment portfolio rise by 11% in the third quarter of this year, thanks to improvements in confidence about the financial markets.
-
News
Romanian pension returns climb as reform continues
ROMANIA – The average Romanian pension fund has generated a return of 13% in the first nine months and maintained a 17.4% return since the end of last year, when the economic crisis really hit most pension funds, according to figures from the Romanian Pension Funds Association (APAPR).
-
News
Switzerland leaves minimum pension rate at 2%
[15:20 CEST 14-10] SWITZERLAND – The Swiss government set the minimum rate for second pillar pension funds at 2% for 2010.
-
News
Dutch Co-op cover ratio rises by a third
[11:00 CEST 14-10] NETHERLANDS – The €141m Dutch Co-op Pension Scheme has seen its solvency ratio rise to 146% - an increase of 33% from its nadir at the end of February this year at 113%.
-
News
ITV plans to use subsidiary as contingent asset
[16:45 CEST 13-10] UK – ITV, the UK commercial television station, has revealed it is in discussions with the trustees of its £2.15bn (€2.29bn) defined benefit (DB) scheme to use the assets of its wholly owned subsidiary SDN Limited to help plug the growing pension deficit.
