Funding – Page 122
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NewsIrish companies' pension deficits remain level despite volatility
IRELAND – Ireland's listed companies have seen only a €100m increase in pension fund deficits despite volatile markets over the past 12 months.
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NewsDanish commercial provider AP Pension reports 10% return
DENMARK – Investments at commercial pension provider AP Pension made an overall return of around 10% in 2010, the company said.
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NewsDutch roundup: SPF, SPOV, Dutch Antilles, Syntrus Achmea
NETHERLANDS – The €11bn railways scheme SPF and the €2.5bn public transport scheme SPOV have abandoned the salary index as a standard for their policy of conditional indexation.
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NewsDanica pension product posts 20.8% return for 2010
DENMARK – Danica Pension, one of the largest commercial pension providers in Europe, said 2010 full-year returns on its unit-link products were between 6.1% and 20.8%, depending on the risk profile.
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NewsUK roundup: Henderson, Gartmore, Paternoster, Rothesay Life, Club Vita, DWP
UK – Henderson Group has announced plans to acquire fund manager Gartmore for £335m (€403m), bringing to an end several months' worth of speculation surrounding the company's fate.
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NewsUK roundup: Russell Investments, Pension Protection Fund index
UK – Russell Investments has warned pension funds that lack of good governance on their part can lead to a loss of return.
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NewsSovereign annuities will 'kick-start' pension buyouts in Ireland
IRELAND – The introduction of sovereign annuities will kick-start the pension buyout market in Ireland, LCP has predicted.
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NewsDutch Federation to reveal schemes facing benefits cuts
NETHERLANDS – The Dutch Pension Federation, aiming to keep pension fund participants better informed, has said it will publish next month a list of those pension schemes that are likely to cut benefits in 2012.
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Romanian pension funds return 15.1% for 2010
ROMANIA – The nine pension funds in Romania’s mandatory second pillar ended the year with another positive quarter, bringing the total performance to 15.1%.
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NewsNPRF sees losses of 8% due to exposure to AIB, Bank of Ireland
IRELAND – The Irish National Pension Reserve Fund (NPRF) has seen part of its portfolio post negative returns of almost 8% last year, due to the sovereign fund's exposure to the country's ailing banks.
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Swedish roundup: SRI, Storebrand, Collectum, Prognosia, AP7, Pensionsmyndigheten
SWEDEN – The majority of Swedes believe in sustainable pension investments, according to a study by SPP, the pension and insurance provider owned by Storebrand.
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NewsIreland's pension funds see growth of 11% in 2010
IRELAND – Pension managed funds in Ireland returned an average of 11% last year, according to figures by Rubicon Investment Consulting.
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NewsKLM pension schemes buck trend to grant full indexation
NETHERLANDS – All three of KLM's pension funds have said they will grant indexation on 1 January 2011, following improved coverage ratios during the past quarter.
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NewsHigh risk investment options yield 25% returns for Danish FSP
DENMARK – Finanssektorens Pensionskasse (FSP), the DKK21bn (€2.8bn) Danish labour-pension fund for the financial industry, reported 2010 investment returns of up to 25.7% for its market-link pension products.
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NewsDenmark's Industriens posts 19% pre-tax return for 2010, lowers account dividend
DENMARK – Danish labour-market fund Industriens Pension has set its 2011 pre-tax account dividend lower than last year at 5.25%, on the back of a 2010 investment return of 12%.
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NewsDanish schemes maintain account dividends after 'good' year
DENMARK – Denmark's biggest commercial pension providers are holding their account dividends at this year's level, citing good investment results for 2010 as well as the level of reserves.
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NewsNAPF calls for career average pensions in UK local government schemes
UK – Career-average pensions are the way forward for the public sector, the National Association of Pension Funds (NAPF) has argued in its submission to the Hutton Review.
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NewsDenmark's Industriens reduces expected pensions due to longevity
DENMARK – A major Danish pension fund is reducing expected pension income for members, as it and other funds react to the regulator’s demand for longevity-related adjustments.
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NewsOfficial Dutch longevity predictions undercut actuaries
NETHERLANDS – Statistics Netherlands (CBS) has estimated a less drastic increase in longevity for the Dutch population than previously forecast by the Actuarial Society (AG).
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NewsNew PPF formula could double levy for some schemes, warns Barnett Waddingham
UK – More than one in five UK pension funds face a doubling of the levy it pays to the Pension Protection Fund (PPF), Barnett Waddingham has warned.
