Funding – Page 134
-
NewsUK roundup: Environment Agency, Merseyside, Aviva
UK – The Environment Agency Pension Fund is seeking one or more managers to run an emerging market equity portfolio for the scheme.
-
NewsUK trustees must engage with overseas parents
UK – British pension funds with sponsoring employers owned by an overseas parents need to engage directly with the latter on funding issues instead of relying on The Pensions Regulator (TPR) to bail them out, Lane Clark & Peacock (LCP) has warned.
-
NewsFinnish state pension welcomes EU bail-out
FINLAND - Valtion Eläkerahasto (VER), the Finnish State Pension Fund, has welcomed the €750bn stabilisation package for the EU region, after reporting a first quarter return of 5.3%.
-
NewsSwedish roundup: AP7, solvency levels, Q1 performance, AMF survey
SWEDEN – AP7, the national buffer fund with a mandate to manage assets within the Swedish premium pension system (PPM), will close its premium choice (Premievalsfonden) and default (Premiesparfonden) funds this month and begin managing two new low-cost equity and fixed income funds.
-
News
Finland referred to ECJ over pension tax rules
FINLAND – The European Commission has referred Finland to the European Court of Justice for failing to address legislation that discriminates against foreign pension funds.
-
News
Low contributions create illusion for young workers – MetallRente
GERMANY – Contributions to pension funds by young people are too low and are seldom increased over time, a survey commissioned by the German metal industry pension fund MetallRente found.
-
NewsIrish roundup: Public sector pensions, IAA, managed funds
IRELAND – The Irish government has backtracked on plans to link public sector pension increases to the cost of living in an effort to reach a pay agreement with trade unions. Meanwhile, the Irish Aviation Authority has reported a pension deficit of more than €200m, and managed pension funds returned ...
-
NewsNorway Global comfortable with Greek debt exposure
NORWAY – The Norway Government Pension Fund Global, which returned 3.9% in the first quarter, has played down concerns about its exposure to bonds "from several heavily-indebted" European governments.
-
News
USS review group fails to agree pension changes
UK – The Joint Review Group (JRG) of the £28bn (€33bn) Universities Superannuation Scheme (USS) has been disbanded after it failed to reach an agreement to changes to the pension scheme, including a move to a career-average structure.
-
News
Ireland to seek diversified growth after positive April returns
IRELAND – Irish managed pension funds returned 1.2% in April according to the latest figures from Hewitt Associates, although the consultant warned the era of these funds may be over.
-
News
Private equity manager delivers 9.2% for APG and PGGM
NETHERLANDS – AlpInvest Partners, the private equity manager for APG and PGGM Investments, seeks to build on its positive return last year by pursuing opportunities in the secondary and distressed debt markets in 2010.
-
News
Recovered SPOV grants extra indexation
NETHERLANDS – A total return of 14.3% in 2009 pushed the cover ratio of Stichting Pensioenfonds Openbaar Vervoer (SPOV) to 118%, enabling it to grant more than a full indexation in 2010.
-
News
Swedish roundup: AP7, Hendelsbank, Nordea, SEB, Swedbank
SWEDEN - AP7 has appointed Normura Asset Management to run an alpha investment strategy focusing on Asia and Japan.
-
News
NPRF profits from bank bail-outs
IRELAND – The National Pension Reserve Fund (NPRF) reported an overall return of 4.8% in the first quarter of 2009 as its direct investments in Bank of Ireland and AIB delivered 4.2%.
-
News
Equities continue to drive Finnish performance in Q1
FINLAND – Pension insurer Etera and local authority pension fund Keva are the latest Finnish institutions to post first quarter returns of 4% and above.
-
News
Domestic equities drive ATP's 2.9% return
DENMARK – A large allocation to domestic equities helped boost the first quarter results from ATP Group, which reported a 2.9%, return on its investment portfolio.
-
News
Akzo Nobel scheme returns 4.1% in first quarter
NETHERLANDS - The €4bn Dutch pension fund of paint giant Akzo Nobel reported a 4.1% return on its investments during the first quarter of 2010.
-
News
NPRF to increase holding in BoI to 36%
IRELAND – The National Pension Reserve Fund (NPRF) is set to increase its investment in the Bank of Ireland to up to 36% of ordinary stock capital, as part of the bank's plan to raise equity to meet new capital requirements set out by the financial regulator.
-
News
Finnish pension insurers reap equity rewards
FINLAND – Finnish pension insurers continue to benefit from increased allocations to equities, particularly domestic stocks, as both Veritas Pension Insurance Company and Tapiola Pension post three-month returns of more than 4%.
-
News
Alecta’s returns 3.4% for Q1 and cuts costs
SWEDEN - Swedish pension provider Alecta returned 3.4% for the first quarter of 2010, marking a significant improvement on its negative performance for the same period last year, but also below its five-year average.
