Funding – Page 173
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News
ABP to formulate FTK transition policy
NETHERLANDS - Stichting Pensioenfonds ABP, the €168bn scheme for Dutch civil servants, is to formulate a “transitional policy” to deal with the new FTK rules.
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€20bn scheme ‘eyes Irish pension pooling’
IRELAND – State Street says it has received enquiries from multinational corporations, some with pension assets of up to €20bn, about setting up a pension pooling deal in Ireland.
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ABP sees 4-5% return in 2005 amid bond shakeout
NETHERLANDS – Stichting Pensioenfonds ABP, Europe’s biggest pension fund, expects the return on its 160 billion-euro portfolio over 2005 to come in at between four and five percent.
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ABP and PME report third-quarter returns
NETHERLANDS – Some of the largest pension funds in the Netherlands have reported third-quarter investment returns.
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Luxembourg may face “vicious circle” on pensions
LUXEMBOURG – Luxembourg’s pension system, although well developed, is vulnerable and may be facing a “vicious circle”, a new report says.
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ABP and PGGM upbeat but Staatsen looms
NETHERLANDS – ABP and PGGM, the two largest Dutch pension funds, have posted positive returns – though the potential costs of the Staatsen review could run into billions of euros.
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ABP boosts State Street alliance with E79m
NETHERLANDS – The Dutch civil service pension fund ABP has given a boost to its tie with State Street with the award of 100 million dollars (79.5 million euros) to State Street Global Alliance member Advanced Investment Partners.
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20% of Swiss schemes underfunded
One in five pension funds in the Swiss second pillar were underfunded in 2002, according to figures from the Swiss government.
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ABP returns 1.8%, coverage ratio static at 104%
NETHERLANDS – Stichting Pensioenfonds ABP, the Dutch civil service pension fund, has announced a 1.8% return in the third quarter, and says it is pursuing “a cautious path to recovery”.
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Luxembourg may outsource national pension fund
LUXEMBOURG – Luxembourg intends to modify the running of its national pension reserve fund, which could result in management of the four billion-euro fund being put out to tender next year.
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News
ABP posts second quarter returns of +6.9%
NETHERLANDS – Europe’s largest pension fund, Stichting Pensioenfonds ABP, has announced that it made a total return on investment of 6.9% in the second quarter - boosted by rises in equities and alternatives.
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News
ABP to submit recovery plan to regulator
NETHERLANDS – Europe’s largest pension fund, the 133-billion euro Dutch civil service Stichting Pensioenfonds ABP, is to submit a recovery plan to the pensions regulator PVK.
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ABP mulls options as returns decline further
NETHERLANDS – Europe’s largest pension fund, the Dutch civil service Stichting Pensioenfonds ABP, says it needs scope to take “decisive action” after posting another decline in returns in the first quarter.
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ABP outlines 2003/2004 investment strategy
NETHERLANDS – Europe’s largest pension fund, the 147 billion euro Dutch civil servants’ ABP, says its investment strategy is geared towards fixed interest and equities in 2003/2004, matching its liabilities and risk profile – though it does not rule out making use of temporary market moves.
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Features
ABP ups premiums to protect fund
ABP, the e146bn Dutch civil service pension fund, has announced that it will raise the rate of contributions from employers and employees from 13% to 15%, as a result of weak stock markets. Fernando Jadoul, ABP’s director of public affairs, said: “After looking at the scheme’s financial position, we felt ...
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News
ABP says funds need longer investment horizons
NETHERLANDS- Jean Frijns, CIO of Europe’s largest pension fund, the 146 billion Euro Heerlen-based ABP, today opened the seminar for the second annual IPE Awards with a warning to pension funds that extreme market events are becoming more frequent - resulting in greater short-term volatility and a need for longer ...
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10% of Swiss occupational funds now underfunded
SWITZERLAND- One in ten of Switzerland’s 2,100 occupational pension schemes are underfunded according to government advisors and the urgent need to reallocate assets could benefit foreign fund managers.
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New laws reform Luxembourg's state pension
LUXEMBOURG- Luxembourg’s government has introduced radical and generous reforms to the country’s first pillar state pension that will produce higher basic pensions and provide incentives to retire later.
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ABP down €3bn after 'disappointing' 2001
NETHERLANDS – Europe’s largest pension fund, ABP, has reported a decline in pensions capital in 2001 from €150bn at the start of the year to €147bn at the end. The decline is the result of disappointing returns coupled with the decline in net assets and overlay contracts, says the company’s ...
