Funding – Page 99
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NewsIrish scheme funding suffers due to low yields in July despite 3.5% returns
IRELAND – Schemes still suffering from funding shortfalls despite index return of 10% this year.
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NewsDutch funds raise premiums instead of granting indexation – DNB
NETHERLANDS – Regulator reports 9 percentage point drop in coverage, cancelling out indexation.
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NewsDutch Pension Federation calls for holistic framework over HBS
NETHERLANDS – Federation calls for more country-specific analysis of proposal's impact.
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Mercer echoes calls for PPF levy cap in UK
UK – Consultancy calls on government to prevent an expected 25% increase in charges.
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NewsDanish roundup: AP Pension, FSP, F&P, Lægernes Pension
DENMARK – AP Pension sees H1 returns of 5%, with contribution growth of 10%.
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NewsCoverage of Dutch schemes further down in July, says Mercer
NETHERLANDS – Slight decrease comes despite average equity portfolios returning 3%.
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NewsAer Lingus sees pension deficits increase as 'lengthy' lawsuits loom
IRELAND – Airline reiterates refusal to fund deficit despite funding shortfall increasing in June.
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Deficits account for 5% of European company market cap, says Mercer
EUROPE – Figure up nearly 2 percentage points since 2008 as liabilities rise €220bn.
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Total's Dutch scheme predicts further rights cuts as funding dips 9%
NETHERLANDS – Despite 7% returns boosted by interest rate hedge, fund warns of two further cuts.
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UK roundup: Barclays UK Retirement Fund, Pension Corporation, Munch Re
UK – Deficit at Barclays increases across company ahead of shift to IAS 19.
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UK scheme agrees funding partnership with charity sponsor
UK – Sponsor uses contingent assets to fund £82m pension deficit in Waterways scheme.
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Sponsor contributions protect Exxon Mobil scheme from investment losses
NETHERLANDS – Scheme also reduces exposure to equities, completes LDI study.
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NewsFunding falls at Philips, KLM pension funds despite positive returns
NETHERLANDS – Schemes attribute worsening financial positions to falling interest rates.
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NewsDeficits at Swiss company pension funds almost double in 2011
SWITZERLAND – Funding gap at top listed companies increases from CHF13bn to CHF23bn.
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NewsPension fund for Dutch grocery sector thrives after portfolio change
Matching portfolio at €2.4bn industry-wide scheme returns nearly 58% over last six months.
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News€2.4bn Dutch pension fund abandons hedge funds after loss
TNO's hedge fund portfolio records 7.2% loss, underperforming benchmark by more than 13%.
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NewsKLM pension fund makes first foray into private equity
€6.5bn scheme for airline flying staff to limit allocation to 4%, set strict quality requirements.
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NewsNEST returns 7.6% in first half-year in service
Auto-enrolment fund collects £500,000 in assets, 100 employers and 850 members over period.
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NewsPension rights cut of 6% increasingly likely, warns PME
€30bn Dutch metal scheme sees coverage ratio fall to 88% in second quarter.
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NewsMany Dutch schemes facing cuts if recovery stalls – Pensions Federation
ABP, PME, PMT and PFZW all report falling coverage ratios in second-quarter reports.
