Returns – Page 177
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News
Fifth of small schemes to cut UK equities in 2009
UK – More than 20% of the smallest firms offering defined benefit (DB) schemes plan to decrease their allocation to UK equities over the next year, research from the Association of Consulting Actuaries (ACA) has revealed.
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News
Ireland’s NPRF reviews strategy amid bank bailout
IRELAND – The National Pension Reserve Fund has acknowledged it will have to review its investment strategy in the light of a government bailout of the Irish banking sector.
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News
Dutch midwives get 2% indexation
[16:00 CET 05-01] NETHERLANDS - The €142m pension fund for midwives has granted its participants an indexation of 2% for 2009 despite a cover ratio of 101%
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Features
Negative streak continues
Hedge funds continued their negative streak for the sixth month in a row, falling 0.8% as November saw the continuation of several of the dominant themes from September and October: distressed selling, deleveraging and redemptions among hedge funds, heightened volatility and an increasing disconnect between asset prices and underlying fundamentals, ...
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FeaturesAn upbeat Christmas carol
In A Christmas Carol, Charles Dickens describes his most famous character as follows: “External heat and cold had little influence on Scrooge. No warmth could warm, no wintry weather chill him. No wind that blew was bitterer than he, no falling snow was more intent upon its purpose, no pelting ...
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News
Delta Lloyd scheme grants full indexation
[15:30 CET 23-12] NETHERLANDS - The €1.4bn pension fund of insurer Delta Lloyd Group has granted its participants full indexation for 2009.
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News
VB to look into its members’ costs
[15:15 CET 23-12] NETHERLANDS - The Dutch association of industry-wide pension funds (VB) has commissioned a study into the costs of its 82 members in a bid help affiliated schemes compare the charges they incur.
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News
NPRF to pay for €5.5bn bank bailout
[16:40 CET 22-12] IRELAND – The Irish government has confirmed it is to invest an initial €5.5bn into three banks, though the National Pension reserve Fund (NPRF) could earn up to €500m a year from the deal as it is expected to be the "main source of funding" for the ...
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News
ABP and PFZW skip indexation
[16:35 CET 22-12] NETHERLANDS - Neither the large civil service pension fund ABP nor healthcare scheme PFZW will grant their participants an indexation payment for 2009.
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News
Danish pensions cut interest rates to 2.5%
[16:50 CET 19-12] DENMARK – Two Danish pension funds have confirmed the interest rates on customers' pension accounts will be cut to 2.5% in 2009.
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News
Only workers to receive BPF Bouw indexation
[16:15 CET 19-12] NETHERLANDS – Officials at BPF Bouw, the €23bn pension fund for the building industry, have announced pensioners will not receive indexation on their retirement plans and only working members will be allocated a partial indexation payment this year because the fund is below its required cover ratio.
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News
Varma sells telecoms stake to Finnish gov't
[15:20 CET 19-12] FINLAND – Varma Mutual Insurance Pension Company has sold almost 10% of its shares in telecoms company Elisa Oyj to the Finnish government, in the completion of an earlier agreement.
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News
Ireland eases DB funding over market worries
[15:00 CET 19-12] IRELAND – The Irish government has announced a series of measures designed to ease funding pressures on defined benefit (DB) schemes following the recent market volatility.
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News
APW expands inflation bonds margin
[18-12] NETHERLANDS - The €678m pension fund of media company Wegener (APW) has widened the investment window for inflation-linked bonds, as part of a recovery plan to tackle underfunding.
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News
Polish funds deliver worst result ever
POLAND – Assets in polish pension funds were down -6.8% in October alone, making it the worst month in the history of the system.
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News
BPF Schilders postpones indexation
[15:35 CET 16-12] NETHERLANDS - BPF Schilders, the pension fund for the painting, glazing and finishing sector, will not grant its members an indexation payment in the short-term, but will reconsider its decision next summer.
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News
Railways scheme to pay 2% indexation
[17:00 CET 15-12] NETHERLANDS - The €10bn railways pension fund SPF will be the first large pension fund to pay its 74,000 participants an indexation for 2008.
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News
Shell’s funding ratio tumbles
[17:10 CET 12-12] NETHERLANDS – The Dutch pension fund of Anglo-Dutch oil giant Shell has seen its funding ratio plummet 160% to 85% in less than a year.
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News
To fund or not to fund now – a Basle question
[17:15 CET 11-12] SWITZERLAND – Parties in the Swiss canton of Basle city are divided over the question whether or not to postpone payments to the pension fund in light of the current financial crisis.
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News
Germans claim to believe in long-term profit
[17:05 CET 08-12] GERMANY – Only 10% of Germans have changed their private pension provision on the back of the financial crisis, a survey by JPMorgan has found.
