Funding – Page 91
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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.
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News
Ilmarinen cuts domestic equity exposure in favour of Nordics
FINLAND – Finnish pension fund returns 2% over first three months of year.
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NewsSwiss pension fund SBB looks to introduce variable pension
SWITZERLAND – Managing director laments 'subsidisation' of pensioners by active members.
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NewsBoard to step down at Dutch pension fund for pharmacists over probe
NETHERLANDS – Board, rank-and-file members disagree on best organisation to conduct investigation.
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NewsAverage public pension fund in Switzerland achieves full funding
SWITZERLAND – Rallying equity markets help Swiss schemes bolster funding, Swisscanto survey shows.
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NewsIrish sponsors should be forced to back defined benefit funds – OECD
IRELAND – Report says sponsors should only be allowed to wind up DB funds with 90% or more funding.
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NewsFirst-quarter results boost funding at largest Dutch pension schemes
NETHERLANDS – ABP attributes 3.6% Q1 return to developed-country equity holdings.
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NewsSwiss must raise contributions or cut conversion rate, expert warns
SWITZERLAND – Second-pillar contributions will need to be raised by 'as much as 40%'.
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NewsKLM scheme boosts funding, but falls short of buffer target
NETHERLANDS – Cites US government's avoidance of 'fiscal cliff' for strong Q1 equity returns.
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NewsDomestic Norwegian oil fund underperforms global counterpart
NORWAY – Norwegian ministry of finance rules out use of systemic risk factors in bechmarks.
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NewsIrish call for smoothing not 'complete solution', says IAPF
IRELAND – Opposition Fianna Fáil proposes smoothing, changes to wind-up order.
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NewsDenmark's PFA shifts from bonds to US equity over euro-zone fears
DENMARK – Fund hopes bailout of Cyprus could be wake-up call for European singe currency.
