Returns – Page 167
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News
Improved equity returns cut DB deficit by £50bn
[16:50 CEST 12-05] UK – The aggregate funding position of around 7,400 defined benefit (DB) pension schemes improved by more than £50bn in April, to a deficit of £188.5bn (€211bn) by the end of the month.
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Signs of recovery on the horizon, for some?
[16:45 CEST 12-05] AUSTRIA – Improved investment returns in April have helped Austrian pensionskassen to turn their performance into positive figures for the first time this year.
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News
ABP comes close to 100% again
[12:00 CEST 12-05] NETHERLANDS - The funding ratio of ABP, the largest Dutch pension fund for civil servants, is hovering in the region of 95% to 100%, Harry Borghouts, interim president, said yesterday at the presentation of ABP’s annual report.
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German investors keep a level pensions head
[17:30 CEST 11-05] GERMANY – Germans have continued to save for their retirement during the crisis and faith in the state pension has only increased slightly, suggests a regular study conducted by JP Morgan Asset Management.
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IAA deficit almost trebles in 2008
[17:25 CEST 11-05] IRELAND – The Irish Aviation Authority (IAA) has admitted its pension deficit is the "most significant challenge" to its finances in 2009, as its pension shortfall has almost trebled to €146.6m in 2008.
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News
Swiss home bias pays off long-term
[17:20 CEST 08-05] SWITZERLAND – Only Swiss bonds and Swiss real estate contributed positively to the performance of local pension funds last year but Swiss assets are a major contributor to long-term performance, a study by Lusenti has found.
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Cover ratios pull up to 100%
[16:30 CEST 08-05] NETHERLANDS - The cover ratio of the Netherlands’ 650 pension funds seems to be stabilising at approximately 100% on average, consultancy firm Hewitt Associates has claimed.
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Romania to look at pension reserve fund and life-cycling (updated)
ROMANIA – Pension fund companies in Romania will soon have to pay into a general reserve fund and they are likely to introduce the life-cycle model in their funds from 2010, according to the pensions regulator.
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News
FRR suffers further 6.5% loss
[16:55 CEST 07-05] FRANCE – FRR, the French national pension fund, saw its value fall by another 6.5% in the first three months of this year, leaving the body with the legacy of a negative return against the five-year period it has been operating.
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News
Interest rate decline hits SPP’s Q1 return
[16:10 CEST 07-05] SWEDEN - SPP Livförsäkring AB, the Swedish pensions provider owned by Storebrand, saw its sales increase by 33% during the first quarter of this year but the firm still generated a negative return of SEK647m (€61.7m), according to its latest results.
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VER loses 2.4% in Q1
[17:25 CEST 06-05] FINLAND – Valtion Eläkerahasto, the State Pension Fund, generated a return of -2.4% in the first quarter of this year, reducing the value of its investments to €10.16bn.
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News
DAX pensions lose €13bn in 2008
[17:10 CEST 06-05] GERMANY – The pension schemes of companies listed on the German stock exchange index Dax remain well-funded over the long-term despite suffering a combined loss of €13bn last year, consulting firm Mercer has found.
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News
Danica Pension posts Q1 profit
[16:50 CEST 05-05] DENMARK - Danica Pension, the pensions arm of Danske Bank Group, managed to generate net income of DKK91m (€12.2m) in the first quarter of 2009, despite seeing a decline in total premiums paid.
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News
Basle City to plug pension hole
[16:45 CEST 05-05] SWITZERLAND – The CHF8.2bn (€5.4bn) pensionskasse for the Swiss canton of Basle City is to receive CHF1.38bn to ensure the pension scheme is fully-funded again.
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News
Irish managed funds find positive ground
[16:30 CEST 05-05] IRELAND – Irish managed funds posted a second consecutive month of positive returns with an average yield in April of 8.7%, according to Hewitt Associates.
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News
DSM scheme returned –18.8%
[15:00 CEST 05-05] NETHERLANDS - PDN, the €4.1bn pension fund of chemicals giant DSM, lost 18.8% on its investments last year, and fell short of its benchmark by 3%.
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News
Aon extends funding index to avoid FRS17 'distortion'
[15:00 CEST 01-05] UK – Financial reporting standards are "distorting" the level of pension scheme losses suffered in the financial crisis, effectively hiding around £120bn (€135bn) of losses Aon Consulting has warned.
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NewsATP loses DKK2.4bn after negative SP result
[12:30 CEST 01-05] DENMARK – ATP Group has reported an overall loss of DKK2.4bn (€322m) in the first quarter, driven primarily by a 4.3% loss in the Special Pension Savings Scheme (SP).
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News
Solidarity fund loses 4.39% under PensPlan
[17:15 CEST 30-04] ITALY – The €258m solidarity fund, managed by PensPlan for the semi-autonomous Trentino Alto Adige region in northern Italy, returned -4.39% for 2008.
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NewsHewitt awarded PPF longevity risk role
[17:05 CEST 30-04] UK – The Pension Protection Fund (PPF) has appointed Hewitt to provide advice on the scheme's exposure to longevity risk.
