Funding – Page 90
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News
Pension Protection Fund 'big enough' to accommodate UK Coal liabilities
UK – UK Coal in talks with creditors following forced closure of major mine in March.
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NewsFalling equity markets drag Dutch coverage ratios to 102%
NETHERLANDS – Mercer attributes drop to investor uncertainty over future of QE measures.
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NewsEquity portfolio SAP wins inaugural IPNederland Award
NETHERLANDS – SPF Beheer portfolio returns more than 13% annually since inception in 2009.
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NewsMerging nominal pension rights into real contract 'feasible', says PFZW
NETHERLANDS – Director admits dissatisfied participants will 'probably sue' pension fund.
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News
Irish pensions reform 'inevitable' after Waterford Crystal ruling
IRELAND – IBOA union highlights dangers of current pension framework in letter to government.
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News
Advisory panel sends pension reform recommendations to French government
FRANCE – Government-commissioned report recommends limit on pensions indexation
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NewsRabobank scheme makes foray into non-euro government bonds
NETHERLANDS – Portfolio to include bonds from Australia, Canada and Switzerland.
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News
Irish schemes see 'slight uplift' as domestic equity returns 4%
IRELAND – Results for May see assets gain in value, but liabilities kept high by low yields.
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NewsDutch schemes should take supervision conclusions to heart – DNB
NETHERLANDS – Dutch regulator says quality of visitation reports must also be improved.
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NewsDutch giant ABP may need to cut rights again despite strong 2012 returns
NETHERLANDS – 'Significant' chance recent 0.5% cut not enough to achieve minimum funding.
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News
Irish government criticised for 'extraordinary' DB funding changes
IRELAND – Government amends risk reserve one month prior to funding proposal deadline.
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News
European schemes breath sigh of relief on delay of solvency rule
EUROPE – Dutch, German schemes welcomes decision to postpone pillar one in revised IORP.
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NewsDutch giant PGGM in talks to acquire A&O Services
NETHERLANDS – Parties in exclusive talks to hammer out 'contours' of acquisition.
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News
Swiss pension fund BLPK turns to voters to decide funding fate
SWITZERLAND – Pension fund for canton of Basel struggles to resolve funding problems.
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NewsEquity markets drive 3.8% Q1 return for Dutch pension funds
NETHERLANDS – DNB figures point to 1.4% average first-quarter loss on government bonds.
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News
Deficit widens at BT Pension Scheme as liabilities grow
UK – Liabilities at £41bn pension fund increase twice as fast as assets.
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NewsShell scheme bemoans continual changes to Dutch pensions law
NETHERLANDS – Calls for 'stable framework' to provide clear view of future results.
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NewsInflation portfolio at Philips pension fund returns 21%
NETHERLANDS – Portfolio consists mostly of French bonds, according to annual report.
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NewsDutch coverage ratios stabilise in April, says Aon Hewitt
NETHERLANDS – Mercer says average coverage ratio may have increased to 108%.
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News
Eastman Kodak settles $2.8bn lawsuit with underfunded UK pension scheme
GLOBAL – Agreement will see pension fund acquire part of Kodak business for $650m.
