Returns – Page 175
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News
German DB losses lessened by bond rates
[16:00 CET 26-01] GERMANY – German companies saw their pension plans’ assets decline considerably over the last year but a rise in interest rates in the last quarter also helped reduce liabilities, according to a study by consultancy Rauser Towers Perrin (RTP).
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News
More time needed for Dutch recovery
[15:30 CET 26-01] NETHERLANDS – The Dutch employer organisation for the metal industry and union CNV have today argued pension funds need more time to recover from the global economic downturn than the current regulated timeframe.
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News
KPA Pension returns 7% in 2008
[15:15 CET 26-01] SWEDEN – KPA Pension, the SEK50bn (€4.8bn) Swedish public-sector pension company, returned 7% on its investments in 2008, despite the global economic downturn, IPE has learnt.
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News
2008 volatility hits more Finnish funds
[16:20 CET 23-01] FINLAND – Etera Mutual Pension Insurance Company has reported a €1.2bn fall in the value of its assets in 2008, according to preliminary figures while Eläke-Fennia saw a negative return of 12% and VER suffered further to lose 15% last year.
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News
Risk-free rates add £160bn to UK deficits
[16:10 CET 23-01] UK – A move to a risk-free rate of accounting as proposed by the UK accounting standards board (ASB) would add over £160bn (€170bn) to UK deficits of the Aon200 companies alone, Aon’s Marcus Hurd has warned.
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News
DNB prefers gradual recovery to claims cut - Hewitt
[16:00 CET 23-01] NETHERLANDS – The pensions regulator De Nederlandsche Bank would prefer pension funds with a shortfall of their financial reserves to gradually recover, rather than to base this process on discounting the pension claims of their participants, consultants have suggested.
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News
Austrian funds average 13% loss
[15:30 CET 23-01] AUSTRIA – Average losses for Austria's 20 Pensionskassen amounted to -13.1% last year, according to preliminary calculations by their federation.
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News
First Bulgarian fund fails minimum mark
[16:30 CET 22-01] BULGARIA – A Bulgarian pension fund has failed to generate the minimum rate of return set by the supervisor for the first time since the three-pillar pension fund system was created in 1999/2000.
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News
Tapiola Pension limits losses through equity cull
[16:15 CET 22-01] FINLAND – Preliminary figures from Tapiola Mutual Pension Insurance Company have revealed the firm generated a negative return of 8.3% in 2008, following its decision to reduce equity allocation over the year along with its lack of hedge fund exposure.
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News
Aberdeen saw £5bn in outflows last quarter
UK – Aberdeen Asset Management has revealed its total assets under management fell to £110.2bn (€116.7bn) in last quarter of 2008, down from £111.1bn at end-September.
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News
Second pillar faith not withered yet
[16:30 CET 21-01] CEE – The current credit crisis has yet to damage people’s faith in the recently introduced funded pension systems in the CEE, suggested delegates at a conference on the region today.
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News
Varma loses 15% in 2008
[16:00 CET 21-01] FINLAND – Varma Mutual Pension Insurance Company has announced preliminary figures for 2008 showing the firm's investments made a loss of 15.2% last year.
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News
Royal Mail's £8bn deficit deterring investors
[15:30 CET 21-01] UK – The UK government will not be able to find a "strategic partner" to help modernise Royal Mail unless something is done about the pension deficit which is now estimated to stand at around £8bn (€8.52bn), Richard Hooper has warned.
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News
Swedish default fund loses over a third
[16:35 CET 20-01] SWEDEN – Premiesparfonden, the default fund in the Swedish Premium Pension System fell 36.2% in 2008, according to the latest figures from the Premium Pension Authority (PPM).
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News
PPF 'concerned' over future claim growth
[16:30 CET 20-01] UK – The Pension Protection Fund (UK), the UK's £5.2bn pension lifeboat fund, has revealed concerns over the growth in future claims from pension funds and the nature of recovery in the UK.
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News
Dutch pensions fell 10% in nine months
[16:15 CET 20-01] NETHERLANDS - The combined pension assets of Dutch pension funds and life insurers dropped 10% during the first three quarters of 2008, Statistics Netherlands has revealed.
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Features
Why the FTK is future-proof
In this instalment of our series of discussion papers on defined benefit pensions, Klaas Knot argues why the Dutch FTK pension solvency system is robust and can cope with future developments and goals
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News
PPF ready to face Nortel's £1bn deficit
[16:25 CET 19-01] UK – The Pension Protection Fund (PPF) today has said it would be able to handle a £1bn (€1.12bn) deficit, as the ailing UK pension scheme of defunct Canadian telecoms giant Nortel is poised to be placed in the UK lifeboat scheme.
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News
Finnish local government fund drops 20% in 2008
[16:20 CET 19-01] FINLAND – The Local Government Pensions Institution (LGPI) has reported an overall investment return in 2008 of -20%, the worst figure in the institution's history.
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News
Camden fulfils first stage of restructuring
[14:00 CET 19-01] UK – Camden County Council has completed the first phase of its portfolio restructuring and confirmed the appointment of four new investment managers.
