Returns – Page 164
-
News
Balanced pension funds pull back short-term gains
[16:25 CEST 23-06] UK – There is now evidence of improvement to three-year equity returns to pension fund assets, as the latest BNY Mellon CAPS pooled pension fund figures show, in the main, assets have continued to recover.
-
News
Third of Irish DB failed funding test in 2008
[17:00 CEST 22-06] IRELAND – More than three out of 10 defined benefit (DB) pension schemes submitting actuarial funding certificates (AFC) in 2008 failed to meet the required funding standard, the Pensions Board has warned.
-
News
SPW fell 4.3% in first quarter
[16:30 CEST 22-06] NETHERLANDS - SPW, the €4.1bn pension fund for housing corporations, returned –3.9% in investments during the first quarter – just 0.5% short of its benchmark.
-
NewsLeicestershire awards target return mandate
[17:00 CEST 19-06] UK – Leicestershire County Council has appointed two managers to run a target return portfolio, estimated at around £300m for its £1.5bn (€1.75bn) pension fund.
-
News
Goodwin pension cut avoids legal uncertainty
[17:00 CEST 19-06] UK – Legal protections prohibiting employers from retrieving pension benefits remain in tact after Royal Bank of Scotland (RBS) after Sir Fred Goodwin, the former chief executive, agreed to voluntarily reduce his annual pension to £342,500 (€404,046).
-
News
Dairy Crest mulls pension future after buy-in
[17:00 CEST 19-06] UK – Dairy Crest has revealed it is in consultation with staff regarding the future of its defined benefit (DB) scheme, after completing a second buy-in of pensioner liabilities.
-
News
Swiss pension level breaches constitution - union
[16:30 CEST 18-06] SWITZERLAND – Pension benefits provided by the first and second pillars no longer provide enough for a decent retirement and should therefore be seen as in breach of the Swiss constitution, the Swiss union Unia has claimed.
-
NewsPfZW recovers to 100%
[16:15 CEST 18-06] NETHERLANDS – Pensioenfonds Zorg en Welzijn, the industry-wide pension fund for the healthcare industry, saw its cover ratio rise back up to 100% by the end of May and its assets climb to €74.4bn.
-
NewsMembers at 20 schemes could face benefit cuts - DNB
[15:00 CEST 18-06] NETHERLANDS - Approximately 20 pension funds will have to cut their benefits unless their proposed recovery measures generate sufficient improvement to their financial positions next year, the pensions regulator De Nederlandsche Bank has warned
-
NewsIreland cuts former ministers' pensions by 25%
[17:20 CEST 17-06] IRELAND – The government has confirmed former ministers still serving as members of parliament (TDs) and currently in receipt of a ministerial pension will see their benefits cut by 25%.
-
News
Consultancy fears pension 'catastrophe'
[17:20 CEST 16-06] GERMANY – Underestimating the long-term effects of the recent financial crisis on pension schemes and measures to counteract it could lead to a “catastrophe” in the second pillar, German consultancy Longial has suggested.
-
News
Norway-Global passes NOK2.3trn in May
[17:20 CEST 17-06] NORWAY – The value of the Norwegian Government Pension Fund – Global has increased for the third consecutive month to reach NOK 2.308trn (€258.9bn).
-
News
Management at state firms 'should switch to DC' - Finnish report
[17:00 CEST 16-06] FINLAND – An independent working group established to review remuneration and pensions at Finnish state-owned companies has recommended that all existing schemes should be replaced with defined contribution (DC) pensions.
-
News
Latvia to tackle budget deficit with pension cuts
LATVIA – The Latvian government is planning to reduce its budget deficit for 2009 by LVL500m (€714.3m) but intends to do so, among other routes, through a major cut in pension payouts.
-
News'Prudent' pension accounting adds £40bn
[17:10 CEST 15-06] UK – The voluntary adoption of prudent accounting assumptions when calculating pension liabilities has already added an additional £40bn (€47bn) onto UK company balance sheets, and future changes to accounting rules could impact companies by a further £70bn, KPMG has warned.
-
NewsIreland unveils uni pension transfer details
[17:05 CEST 15-06] IRELAND – A government Bill outlining provisions for the transfer of assets from 14 university and state body pension schemes to the National Pension Reserve Fund (NPRF) has confirmed the value of the assets will offset government contributions to the fund.
-
News
Lower predicted pension returns would reflect investment risk - OECD
[16:00 CEST 15-06] GLOBAL – The Organisation for Economic Cooperation and Development has published fresh evidence suggesting long-term investment returns will have to be revised downwards, as equally weighted portfolios can only 9% returns in jut 10% of cases.
-
NewsScots gov't to pay for backdated police pensions
[17:15 CEST 12-06] UK – The Scottish government has confirmed it will pay an additional £20m (€23.4m) to fund the cost of backdating police pension commutation arrangements to 1 December 2006 following the results of a judicial review.
-
NewsStrathclyde deficit hits £2.6bn
[17:15 CEST 12-06] UK – Strathclyde Pension Fund is moving forward with changes to its investment strategy, with the appointment of two absolute return bond managers and a tender search for a transition manager, as its deficit hits £2.6bn (€3.04bn).
-
NewsGermany's PSV levy could quadruple
[17:05 CEST 12-06] GERMANY – German employers with book reserve pension schemes could face a fourfold increase in the levy they pay into the pension protection association (PSV) next year, IPE has learnt.
