Returns – Page 158
-
NewsAP3 rises 5.2% but warns system rebalancing takes time
[16:55 CESt 28-08] SWEDEN – Tredje AP-fonden (AP3), one of the four buffer funds, reported a net first half return of 5.2%, but warned the pension system's balancing mechanism will still be activated in 2010 meaning pension benefits and entitlements will not be indexed in line with wage growth.
-
NewsDiageo uses escrow funds to plug pensions deficit
[16:00 CEST 28-08] UK – Diageo, the drinks giant, is transferring money set aside in an escrow account into its closed defined benefit pension fund, in a bid to improve the scheme’s deficit.
-
NewsNorway domestic pension returned 12.8%
[16:45 CEST 27-08] NORWAY – The Government Pension Fund – Norway achieved an investment return of 12.8%, or NOK11bn, in the first half of 2009 as the total value of its investment assets reached NOK98.9bn (€11.4bn).
-
NewsASIP calculates 3.4% Swiss return
[16:40 CEST 27-08] SWITZERLAND – Swiss pension funds returned 3.4% for the first half of 2009, according to calculations made by Watson Wyatt for the Swiss pension fund association ASIP.
-
NewsAP1 changes yield 6.7% return
[17:25 CEST 26-08] SWEDEN - Första AP-fonden (AP1), the First Swedish National Pension Fund, has reported a net first-half return of 6.7%, following the implementation of a new investment model.
-
News
Oil returns drive ATP's DKK3.3bn profit
[17:20 CEST 26-08] DENMARK – ATP Group has reported a first-half profit of DKK3.3bn (€443m) as its investment portfolio achieved a market return of 3%, or DKK11bn gross, thanks to positive returns in four of its five investment risk classes.
-
News
Ulster and RBS salary cap plans ignite unions
[17:15 CEST 26-08] UK – Planned changes by Ulster Bank and its parent company Royal Bank of Scotland to its defined benefit (DB) schemes, such as capping pensionable salary at 2% or the rate of inflation have met with resistance from trade unions.
-
NewsCumbrian pensions funding drops to 56%
[16:45 CEST 25-08] UK – The Cumbria County Council pension fund had a 56% funding level at the end of March 2009, according to figures from the council's statement of accounts.
-
NewsEquities bring AP4 a strong first-half return
[16:30 CEST 25-08] SWEDEN – Fjärde AP-fonden (AP4) the Fourth Swedish National Pension Fund, reported a gross first-half return of 7.9% as its 60% allocation to equities benefited from the recent stock market improvements.
-
NewsConsultant calls for longer Belgian recovery time
BELGIUM – A Belgian pensions consultant has warned local pension plans need more time to meet funding recovery plans, as the industry-standard short time frames are placing undue pressure on executives and company sponsors to meet full funding targets.
-
News
FRR enjoys recovery ahead of allocation shift
[16:30 CEST 24-08] FRANCE – Fonds de Reserves pour les Retraites (FRR), the French national pension fund, managed to claw back some of the losses it suffered on investments last year, ahead of changes to its strategic asset allocation.
-
News
AP2 generates 6.4% gain
[16:10 CEST 24-08] SWEDEN – Andra AP-fonden (AP2), the Second Swedish National Pension Fund, has managed to undo some of the losses from last year as active in-house management of certain investments helped generated a first half return of 6.4% on its portfolio.
-
News
Swisscanto sees easing of funding crisis
[15:50 CEST 24-08] SWITZERLAND – The average funding level of Swiss pension funds has recovered slightly since the beginning of this year to 93.4%, according to Swisscanto calculations.
-
News
Horeca pension losses spark passive move
[15:00 CEST 24-08 NETHERLANDS - The €2.5bn pension fund for the hotel and catering sector (PH&C) has changed its asset management approach from active to mainly passive.
-
News
Alecta posts 2.2% H1 return
[17:15 CEST 21-08] SWEDEN – Alecta has revealed the value of its investments increased by SEK6.4bn (€630m) in the first half of 2009, following an overall return of 2.2%.
-
News
Ilmarinen investments jump €2bn on 6.6% return
[17:10 CEST 21-08] FINLAND – Ilmarinen Mutual Insurance Company has reported an increase in its investment assets of €2bn in the first half of 2009, as it revealed its "best ever quarter" in terms of investment performance.
-
News
UK self-certified schemes to require 7.6% contribution
[17:00 CEST 21-08] UK – Initial draft regulations outlining the requirements under which employers will be able to "self-certify" that their existing pension scheme meets the criteria for auto-enrolment, are likely to require a minimum contribution threshold of 7.6% of qualifying earnings, IPE has learned.
-
News
Finnish H1 pension figures stay positive
[16:00 CEST 20-08] FINLAND – Three of Finland's mutual pension insurance companies have posted positive first half results, but Tapiola Pension yielded the highest return of 4.9%.
-
News
UK DC assets rise almost 7% in July
[16:40 CEST 19-08] UK – The combined value of the UK's defined contribution (DC) pension assets rose by £31bn (€36bn) in July and returned schemes collectively to the same levels recorded in September 2008, suggests data presented by Aon Consulting.
-
News
Swiss pension figures brighten funding picture
[16:40 CEST 18-08] SWITZERLAND – Figures released by the supervisory authorities of the cantons of Solothurn, Basel-Land and Basel-City suggest only 32% of local pensionskassen are underfunded.
