Returns – Page 157
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News
Ascoop returns 7.29% to July
[16:55 CEST 14-09] SWITZERLAND – The CHF2bn (€1.3bn) multi-employer fund for the Swiss transport industry is back on positive ground with its old strategic allocation.
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Irish public sector pensions hit €108bn
[17:00 CEST 11-09] IRELAND – The accrued present value of public sector pension liabilities was estimated at €108bn at the end of December 2008, according to figures from the Comptroller and Auditor General (C&AG).
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Longevity may cut private pension income to 5.9% of GDP - PPI
[17:00 CEST 10-09] UK - Income from private pension schemes could fall from an estimated 6.1% of UK GDP in 2012, to 5.9% by 2032, if life expectancy increases in line with projections, according to the Pensions Policy Institute (PPI).
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Belgian pensions return 4.2% in H1
BELGIUM – Belgian pension funds produced an average weighted return of 4.21% in the first six months of 2009, figures from the Belgian Association of Pension Institutions (BVPI) have revealed.
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Romanian funds increase equity allocation
ROMANIA – Equity levels among second pillar pension funds have increased to between 5 and 6% over the last few months but remain low compared to last year, latest figures from the Romanian pension fund association (APAPR) have revealed.
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Lithuanian funds gain 13% in first eight months
[17:20 CEST 09-09] LITHUANIA – The 28 funds in the Lithuanian second pillar posted an average return of 12.79% for the first eight months of 2009 after 19.9% losses in the previous year.
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Global downturn knocked 21% off London fund
[17:10 CEST 09-09] UK – The London Pensions Fund Authority (LPFA) scheme dropped £551m (€625.9m) in the year to 31 March 2009 to reach £3.02bn, as the global economic downturn caused the asset values of its investment portfolios to plummet.
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Interest hedge lowers Dutch housing fund's Q2 return
[17:00 CEST 09-09] NETHERLANDS - The €4.4bn pension fund for housing corporations (SPW) saw its returns on investments of 7.1% in the second quarter adversely affected by its large interest hedge on liabilities.
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News
UK DB schemes target 83% buyout funding level
[16:45 CEST 09-09] UK – The average target funding level for defined benefit (DB) schemes has increased from 69% to 83% of funds required for a buyout, according to latest research from Mercer.
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Estonian LHV fund shows best results
ESTONIA – Recovering equity markets have boosted Estonian pension plans but the return rates differed greatly among the six providers in the mandatory market.
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News
UK DB deficit increases to £173bn
[16:15 CEST 08-09] UK - The aggregate deficit of almost 7,400 DB funds worsened by £15.1bn (€17.3bn) over the month of August to reach £173.2bn by the month-end, according to the Pension Protection Fund (PPF).
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News
BT refuses to be drawn on partial buy-out rumours
[17:55 CEST 07-09] UK - Both BT and Hermes, investment managers of the BT Pension Scheme, have refused to comment on press speculation that BT is considering a partial buyout of the scheme.
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News
Luzern fund recovery gets go ahead
[15:45 CEST 04-09] SWITZERLAND – The city of Luzern has agreed to a recovery plan for the CHF1bn (€660m) fund which will see CHF10m flow into the fund immediately.
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News
Hammersmith and Whitbread reveal strategic decisions
[15:30 CEST 04-09] UK – The London Borough of Hammersmith & Fulham has decided against adopting a currency hedge strategy for its £438.5m (€503.4m) pension fund, but will keep the option under review.
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News
Dutch cover ratios return to 107% - Hewitt
[15:00 CEST 04-09] NETHERLANDS - The cover ratio of the average Dutch pension fund rose to 107% by the end of August, after reaching an absolute low of 90% in early March, consultancy firm Hewitt Associates has claimed.
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News
Irish managed funds return 3% in August
[16:45 CEST 03-09] IRELAND – Irish managed pension funds have produced a positive return for the sixth month in a row, resulting in an average return of 14.5% in the first eight months of 2009.
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News
Danish pensions buoyed by investment returns
[17:20 CEST 02-09] DENMARK - Improved investment results have boosted returns at several of Denmark’s pension funds in the first half of the year, but weak workforce mobility and job losses have hit contribution and transfer income for some funds.
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NewsUK DB liabilities top £1trn
[17:15 CEST 01-09] UK – The combined pension liabilities shown in company accounts for the UK’s 200 largest privately-sponsored pension schemes has reached £500bn (€567bn) for the first time, according to Aon Consulting.
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News90% of UK DB schemes now closed
[17:10 CEST 01-09] UK – The first report of the Association of Consulting Actuaries’ survey on pension trends has found that 87% - nearly nine out of ten – UK DB schemes are now closed to new entrants. Of these, 18% are also closed to future accrual.
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NewsVER returns 5.3% on equity gains
[17:00 CEST 28-08] FINLAND – Improvements in equity markets helped Valtion Eläkerahasto (VER), the State Pension Fund, post a return of 5.3% in the first half of 2009.
