IPE's Sweden Coverage – Page 57
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News
Basle City to plug pension hole
[16:45 CEST 05-05] SWITZERLAND – The CHF8.2bn (€5.4bn) pensionskasse for the Swiss canton of Basle City is to receive CHF1.38bn to ensure the pension scheme is fully-funded again.
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News
AP1 revises ownership policy over gov't guidelines
[15:45 CEST 23-04] SWEDEN - Första AP-fonden (AP1) is planning to abstain from voting on remuneration issues for senior executives of companies it is invested in, until a decision on a revised ownership policy has been made following new government guidelines.
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News
Swedish pension firms underestimate life expectancy
[16:50 CEST 17-04] SWEDEN – An annual review of the technical provisions of 17 pension and life insurers by pensions regulator Finansinspektionen (FI) has revealed they suffered a deficit of more than SEK 17bn (€1.55bn) at their peak, although SEK15bn of this had been recouped by the end of 2008.
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NewsSwiss funding levels deteriorate in three months
[16:00 CEST 07-04] SWITZERLAND – Six out of 10 second pillar Swiss pension funds are now underfunded, and at least a third have less than 90% of the assets to meet their funding requirements.
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News
Luzern Pensionskasse loses 10.3%
[17:00 CEST 03-04] SWITZERLAND – The Pensionskasse for the Swiss canton of Luzern (LUPK) reported a negative result of 10.3% for 2008, as a result of massive losses from its equity and alternatives exposure.
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News
AP6 falls in value by a sixth
[16:40 CET 24-02] SWEDEN - Sjätte AP-fonden (AP6), the Sixth Swedish National Pension Fund, generated a negative return of 16.6% in 2008 and the value of its fund dropped by SEK 3.25bn (€284.8m) over the year.
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News
Länsförsäkringar Liv skims a negative return
[16:50 CET 19-02] SWEDEN - Länsförsäkringar Liv, the fourth largest life-assurance company in Sweden, reported a total traditional management return of -0.6% in 2008.
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News
AP1 fund loses over a fifth
[16:45 CET 19-02] SWEDEN – Första AP-fonden (AP1), the First Swedish National Pension Fund, saw the value of its assets under management fall SEK 47.2bn (€4.3bn) to SEK171.6bn (€15.8bn) as a result of the global market turmoil.
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News
AP3 reports 20% drop as diversification falls short
[15:55 CET 18-02] SWEDEN – Tredje AP-fonden (AP3), the Third Swedish National Pension Fund, lost SEK 44.8bn (€4.03bn) in 2008 as it admitted its risk diversification strategy "did not bear fruit".
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News
AP4 drops 21% in 2008
[16:50 CET 17-02] SWEDEN - Fjärde AP-fonden (AP4), the Fourth Swedish National Pension Fund, saw the value of its fund capital more than SEK40bn to SEK164.7bn (€14.9bn) in 2008.
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News
Alecta drops 7.4% in 2008
[16:35 CET 13-02] SWEDEN – Alecta pension fund has reported a loss of 7.8% in 2008 although it claimed asset diversification had limited the decline in its portfolio.
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NewsThree Swedish pension funds report 'red light'
[17:00 CET 12-02] SWEDEN – The Finansinspektionen (FI), the Swedish Financial Supervisory Authority, has confirmed the buffer capital of Swedish pension funds declined at the end of 2008, and three funds reported a 'red light'.
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News
Jobs go as AP1 alters asset management model
[10:45 CET 11-02] SWEDEN – Första AP-fonden (AP1), the first Swedish national pension Fund, is making 20 people redundant and changing its asset management model, in response to the credit crunch, to focus on strategic asset allocation.
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News
Swiss Pensionskassen are 'stable' – ASIP
[16:50 CET 09-02] SWITZERLAND – ASIP, the pension fund association, has claimed Swiss Pensionskassen system are “weathering the storm” of the market, just as the Social Democrats suggest measures to keep it that way.
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News
Equity losses reduce AP2 by €5.2bn
[16:15 CET 06-02] SWEDEN – Andra AP-fonden (AP2), the Second Swedish National Pension Fund has reported a loss of -24%, or SEK55.1bn (€5.2bn), on its net assets in 2008.
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News
KPA Pension returns 7% in 2008
[15:15 CET 26-01] SWEDEN – KPA Pension, the SEK50bn (€4.8bn) Swedish public-sector pension company, returned 7% on its investments in 2008, despite the global economic downturn, IPE has learnt.
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News
Swedish default fund loses over a third
[16:35 CET 20-01] SWEDEN – Premiesparfonden, the default fund in the Swedish Premium Pension System fell 36.2% in 2008, according to the latest figures from the Premium Pension Authority (PPM).
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Features
Adventurous allocation soon starts to pay dividend
As pension funds look around for innovative ways of boosting their income from traditional asset classes, private equity is moving into the mainstream as a way of achieving this. Länsförsäkringar Liv Försäkrings (LF) of Sweden has become a pioneer in developing this asset class as an integral part of a ...
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Features
Portfolio managed to meet global challenges
An important component in creating long-term competitive returns for life insurance savers is to set up an efficient portfolio construction process. In particular, effective portfolio management can best equip a fund to meet global challenges such as the EU occupational pensions directive and the new traffic light model being used ...
