Funding – Page 145
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NewsCommission on Retirement must halt pension delays - IAPF
[15:00 CEST 08-10] IRELAND – The Irish Association of Pension Funds has called on the government to establish a Commission on Retirement to update the assumptions underlying Ireland's two-year old Green Paper on Pensions, following the recent changes in the economic environment.
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NewsDanica calls for full disclosure of pension costs
[16:53 CEST 07-10] DENMARK - The managing director of Denmark’s Danica Pension promised full disclosure of the company’s pension costs and said legislation may be called for if others do not follow suit.
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NewsDanish women to retire early
[16:02 CEST 07-10] DENMARK - Women in Denmark are much more likely to retire early than men, according to a study carried out for pensions provider PFA Pension.
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NewsAustrian pension funds report 7% return
[17:10 CEST 06-10] AUSTRIA – In the first nine months of this year the 19 Austrian pensionskassen returned 7.35%, according to the pension fund association FVPK.
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NewsIrish managed funds gain 27.5% in seven months
[17:05 CEST 05-10] IRELAND – The performance of Irish managed pension funds improved for the seventh month in a row as they returned an average 2.6% in September, according to figures from Rubicon Investment Consulting.
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Today’s babies to become 100 year-old pensioners
[15:00 CEST 05-10] GLOBAL - A new longevity study has predicted that most babies born today will live to celebrate their 100th birthdays in many industrialised countries.
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Danish insurer-led pensions are cheaper - F&P
[14:45 CEST 02-10] DENMARK - The running costs of Denmark’s mandatory labour market pension schemes have fallen by around 12% since 2002, but company schemes remain far more expensive and have hardly reduced costs at all, according to new industry figures.
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IBM modifies pension changes after UK member backlash
[16:55 CEST 01-10] UK – Unite, the trade union, has claimed IBM will delay changes to their UK final salary pension scheme following a "backlash from thousands of employees", though argued the revisions do not go far enough.
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Macedonian funds grow 4% in H1
[16:30 CEST 01-10] MACEDONIA – The Republic of Macedonia’s two funds of the mandatory pensions system returned 3.7% and 4.3% respectively over the first six months.
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PPF cap reduction 'punishing' 90% of UK schemes
[15:30 CEST 01-10] UK – Proposals by the Pension Protection Fund (PPF) to halve the cap on the risk-based levy could be seen as a punishment by the other 90% of schemes which are not affected by the change, consultants have warned.
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Recovery allows Danica to improve pension terms
[16:10 CEST 30-09] DENMARK - Danica Pension, part of Denmark’s Danske Bank, has raised the account yield on its traditional pension plan and lifted the transfer penalty it introduced last autumn to deal with underfunding.
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Finnish pensions may recover quickly
[17:05 CEST 29-09] FINLAND – Finnish pension insurance companies may see investment incomes in 2009 recover the significant losses from last year quicker than expected, although there is still a need for people to work longer, Ilmarinen has claimed.
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MNOPF completes £500m buy-in with Lucida
[16:55 CEST 29-09] UK – The Merchant Navy Officers Pension Fund has completed a £500m (€548m) buy-in with insurer Lucida, covering the pension liabilities of 22,000 retired members.
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Pension fund takes share of Jessops in debt swap deal
[16:45 CEST 29-09] UK – Jessops, the chain of UK photographic stores, has been saved from administration by a deal which will see trustees of its defined benefit pension plan as well as an unnamed employee benefits trust take the majority stake in the company.
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Industriens gains lift from equity exposure
[16:00 CEST 29-09] DENMARK - Industriens Pension, the Danish pension fund, generated an investment return of 16% in the first eight months of this year, with the growth largely won on the back of its increasing exposure to equities.
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UK pension investment rose £3.4bn in Q2
[17:05 CEST 28-09] UK – Self-administered pension funds increased net investment by £3.4bn (€3.7bn) in the second quarter of this year, according to latest figures from the Office of National Statistics (ONS).
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Dutch funds can maintain expectations - for now
[15:50 CEST 28-09] NETHERLANDS - Piet Hein Donner, minister for Social Affairs and Employment in the Netherlands, has decided that Dutch pension funds can continue to use the same maximum expected returns on investments as they have used in the past three years to calculate the level of pension contributions ...
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Danes predict state pensions to fade like the dodo
[15:30 CEST 28-09] DENMARK - Confidence in the Danish basic state pension has faded because of perceived pressure on the public purse, as a new poll suggests 50% of younger working women believe the state pension will not exist when they retire.
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Finnish pension providers show strength in recession
[16:35 CEST 25-09] FINLAND – Finanssivalvonta, the Finnish Financial Supervisory Authority (FIN-FSA), has claimed the country's financial sector could cope with a "very severe recession", following the results of stress tests on the capital adequacy of banks and pension insurance companies.
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Three in four Irish workers expect retirement delay
[16:00 CEST 25-09] IRELAND/UK – The financial crisis is causing workers to think about delaying retirement, with almost three-quarters of Irish employees claiming they cannot afford to retire, research from Peninsula Ireland has revealed.
