Returns – Page 176
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News
Lawyers highlight obstacles to Irish DB cost cutting
[16:35 CEST 03-04] IRELAND – Law firm A&L Goodbody has warned pension schemes which are considering capping benefits or even the "unthinkable" of altering accrued pension need to be aware of the legal issues involved.
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News
KPN to plug €390m pension funding gap
[16:15 CEST 03-04] NETHERLANDS – KPN, the Dutch telecommunications giant, is planning to contribute another €390m to its pension fund over the next five years, in a bid to raise its funding level to 105%.
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News
Irish managed funds finally see positive return
[16:55 CEST 02-04] IRELAND – Irish group managed pension funds delivered the first positive return in seven months and produced a yield of 2.4% in March, Rubicon Investment Consulting has revealed.
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News
Longevity drives up MP pension costs
[16:15 CEST 02-04] UK – Members of Parliament (MPs) have been told their contributions to the £367.2m Parliamentary Contributory Pension Fund (PCPF) will rise after the latest actuarial report revealed the pension deficit had increased to £50.9m as a consequence of improved longevity.
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News
Labour Court tells SR Technics to fund deficit
[17:05 CEST 01-04] IRELAND – The Labour Court has recommended the Irish arm of SR Technics should "fully fund" the pension deficit in both the SR Technics scheme and the firm's share of the Irish Airlines' Superannuation Scheme.
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News
PKA reports 6.3% loss
[16:55 CEST 01-04] DENMARK – PKA generated an overall return of -6.3% for its eight pension funds in 2008 as equity results offset positive fixed income performance.
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News
TFR struggles to maintain momentum
[16:50 CEST 01-04] ITALY - Figures released by MEFOP, the Association for the Development of the Italian Pension Fund Market, present a confused picture of the development of second-pillar pension provision in Italy.
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News
PFA buys Nordic AM following positive gains
[16:15 CEST 01-04] DENMARK – PFA Pension, the Danish life and pensions provider, managed to generate a return on investments of DKK3.5bn (€460m) in 2008 thanks to a major shift towards fixed income holdings, and is now using some of its assets to buy Nordic Asset Management.
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News
Fewer Danish health workers are retiring early
[17:05 CET 27-02] DENMARK – The proportion of health workers retiring at the age of 60 fell to just 13.2% in 2008 according to research by PKA.
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News
Eircom DB scheme reports €433m deficit
[16:50 CET 27-02] IRELAND – Eircom, Ireland's largest telecoms provider has revealed a €433m deficit in its defined benefit (DB) pension scheme.
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News
Royal Mail pension may become new public scheme
[16:45 CET 27-02] UK – The Postal Services Bill published this week by the UK government includes provisions for the secretary of state for business and enterprise (BERR) to establish a "new public scheme" into which members of the Royal Mail Pension Plan (RMPP) could be transferred into.
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News
Dutch investments lost 5% in Q4
[16:30 CET 27-02] NETHERLANDS - Dutch investment funds lost over 5% of their assets during the fourth quarter of last year, leaving their combined assets at €172bn, according to De Nederlandsche Bank.
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News
Dáil passed pension levy ahead of first strike
[16:40 CET 26-02] IRELAND – Legislation allowing the introduction of a pension levy on public sector workers has been approved by Dáil Éireann, the house of representatives in the Irish Parliament, the night before the first trade union strike over the issue.
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News
Wealthy Danes save 18 times more - ATP
[16:30 CET 26-02] DENMARK – A small group of high-earning Danish workers had pension savings worth 18 times more than the average pension saver in 2006, according to research by pensions giant ATP.
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News
Investments may need clearance under 'vague' TPR code
[15:15 CET 26-02] UK – The Pension Regulator's (TPR) draft code of practice on the 'material detriment' test is "too vague" and could lead to pension schemes requiring clearance on normal business activity such as changes in investment strategy, consulting firm Mercer has warned.
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News
Real estate helps limit Ilmarinen losses
[16:55 CET 25-02] FINLAND – Real estate investments helped limit losses by the Finnish pension fund Ilmarinen as it reported an overall loss of €4.34bn in 2008.
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News
Irish pension levy reaches final stage
[16:45 CET 25-02] IRELAND – The final stages of legislation allowing a pension levy on public sector workers to be introduced next month is expected to be completed in the Dáil tonight, as trade unions prepare to ballot members over industrial action.
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News
Pension contributions slowed in 2007 - ONS
[16:35 CET 25-02] UK – Total contributions to private pension schemes, including funded and unfunded occupational schemes, increased by 2% in 2007 to reach £85.2bn (€95.3bn) the Office for National Statistics (ONS) has revealed.
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News
AP6 falls in value by a sixth
[16:40 CET 24-02] SWEDEN - Sjätte AP-fonden (AP6), the Sixth Swedish National Pension Fund, generated a negative return of 16.6% in 2008 and the value of its fund dropped by SEK 3.25bn (€284.8m) over the year.
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News
Czech funds meet need for positive return
CZECH REPUBLIC – Only two funds in the Czech Republic private pension sector managed to generate a return above 1% last year, but all at least delivered positive performance as the other eight just scrapped the zero mark.
