Funding – Page 139
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News
Outsourcing trend drives Varma growth
[16:15 CET 21-01] FINLAND – Varma Mutual Insurance Pension Company saw its assets increase to €29.9bn by the end of 2009 after securing a number of new pension contracts from the university sector.
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Investment timing was key to Ilmarinen's 16% return
[16:55 CET 19-01] FINLAND – Ilmarinen pension insurance company has attributed a positive return of 15.8% in 2009 to the allocation and the timing of its investment strategy.
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News
Irish gov't gets final say on exclusion from PIPS
[16:50 CET 19-01] IRELAND – Pension schemes, businesses and employers that have "wilfully contributed" to a pension scheme deficit or insolvency could see the pension fund excluded from the new Pension Insolvency Payment Scheme (PIPS).
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Swiss pension returns average 11% in 2009
[16:45 CET 18-01] SWITZERLAND – Swiss Pensionskassen returned an average of 10.8% and 11.56% last year, depending on the data calculation method selected.
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News
Levensmiddelen and SBZ grant indexation
[15:45 CET 15-01] NETHERLANDS - The industry-wide pension funds for care insurers and food articles have also granted their participants part indexation payments, following fast improving cover ratios.
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News
Austrian pension funds return 9%
[15:30 CET 15-01] AUSTRIA – The average return of Austria's 17 Pensionskassen was 9% in 2009, the pension fund association FVPK has revealed.
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Hungarian pension funds return over 20%
[16:15 CET 13-01] HUNGARY – Hungarian mandatory pension funds have made up for the losses suffered in 2008 by returning 21.3% on average over the past 12 months.
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News
UK defined benefit pensions pull back deficits
[15:15 CET 12-01] UK – UK corporate pension schemes last year gained approximately 10.6% of the losses suffered during 2008 as figures presented by the Pension Protection Fund suggest defined benefit funds amassed £827.7bn (€922.5bn) in assets by the end of 2009.
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News
Northern Rock creates separate pension plan for future accrual
[17:00 CET 11-01] UK – Northern Rock is launching a new pension plan for existing active members which offers the same benefits and terms as an existing £367.5m (€408.6m) defined benefit pension plan but then leaves past liabilities with the division known as the ‘bad bank’.
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News
Dutch schemes performed ahead of recovery plans
[16:00 CET 11-01] NETHERLANDS - Dutch pension fund cover ratios pulled back somewhat last year after suffering significant losses in 2008, to an average 111% by the end of 2009, research from Hewitt Associates has claimed.
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News
SPOV and Schilders grant indexation
[16:55 CET 08-01] NETHERLANDS - The financial position of the €2.3bn pension fund for public transport SPOV and the €3.3bn scheme for painters and decorators has improved so much on the previous yea's performance that both pension plans can grant their participants indexation for 2010.
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News
Bank recapitalisation assets hold back Irish state fund returns
[16:50 CET 07-01] IRELAND – The National Pension Reserve Fund grew by almost 11.6% in the final quarter to €22.3bn, preliminary end of year figures from the National Management Treasury Agency (NTMA) have revealed.
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UK roundup: State Street, MP pensions, Fujitsu, Linklaters, Aero Engine
[15:30 CET 07-01] UK – Preliminary figures from State Street's defined benefit (DB) scheme results survey show an average 15% return, while the MP's pension scheme has appointed a legal adviser. Workers at Fujitsu are organising further strikes over the firm's pension scheme closure, Linklaters is to close its DB ...
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News
Dutch pensions aim to win over sceptical public
[15:15 CET 07-01] NETHERLANDS - The Dutch Association of Industry-wide Pension Funds (VB) has launched a media campaign after research suggested a large majority of the public is very critical about pension fund investment strategies.
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News
DNB approves ANWB recovery plan at fourth attempt
[15:00 CET 07-01] NETHERLANDS - Pensions regulator De Nederlandsche Bank (DNB) has approved a fourth version of the recovery plan of the pension fund of the motorists' organisation ANWB.
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News
Dutch pension funds begin to pay indexation
[16:15 CET 06-01] NETHERLANDS – Dutch pension funds provided by KLM and Fortis Bank will pay their members full indexation this year on the back of improved investment performance.
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News
Irish managed funds rebound 20% in 2009
[16:35 CET 05-01] IRELAND – Irish managed pension funds clawed back some of the losses suffered in 2008 and produced a return of more than 20% in 2009, according to figures from consulting firms.
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News
PMA scheme pulls back to grant full indexation of 3.25%
[16:30 CET 05-01] NETHERLANDS - The pension fund for Dutch pharmacy staff (PMA) has granted its participants full indexation of 3.25% as the scheme now has a cover ratio of 133%.
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News
UK pension funds predicted to return 14% in 2009
[16:00 CET 05-01] UK – The average UK pension fund produced an estimated weighted 14% average return on investments in 2009, compared with -13.8% return the previous year, according to figures from BNY Mellon Asset Servicing.
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NewsDutch cover ratios rise to 109% - DNB
[15:45 CET 04-01] NETHERLANDS - The cover ratio of Dutch pension funds improved by an average seven percentage points to 109% during the third quarter of 2009, according to pensions regulator De Nederlandsche Bank (DNB).
