Funding – Page 174
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News
2001 worst year for UK Pension funds since 1990
UK- UK pension funds reported the worst returns last year for more than a decade according to the performance measurement consultants WM Company.
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News
£2.3bn Boots fund sells entire equity holding
The £2.3bn (e3.7bn) pension fund of the Boots group has sold its entire equity and short-term bond investments and switched its allocation to sterling long-dated fixed rate bonds in a shift that the fund says will save it around £10m per annum in management fees.....
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Features
UK schemes 'underfunded'
Increasing numbers of the UK’s largest pension funds are finding themselves under-funded, according to the latest annual study of company accounts to be published next week by consultant Bacon & Woodrow. The study of companies listed in the FTSE 100 index reveals that a wide variation exists in funding levels ...
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News
Luxembourg to reduce funds subscription tax
LUXEMBOURG – A proposal to reduce the annual subscription tax from 0.06% to 0.05% that investment funds in Luxembourg pay on their net assets under management is included in the draft budget for 2002 to go before parliament in September....
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News
ABP looks to property and hedge funds
NETHERLANDS – Dutch superfund, the NLG331bn (e150bn) Heerlen based ABP pension plan for Dutch civil servants and teachers, says it is considering increasing its allocation to real estate investment and will also shortly announce appointments to a number of hedge fund mandates as part of an e2bn hedge programme....
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News
ABP on course for equity increase despite markets
NETHERLANDS – Europe’s largest pension fund, the NLG331bn Heerlen based ABP pension fund for Dutch civil servants and teachers, says it is on course to complete its increased exposure programme to equity, despite taking a hit on its funding buffer last year due to the adverse market conditions....
