Pension System – Page 289
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NewsNedlloyd pension scheme switches to swaptions for hedging
Shipping company's €1.2bn pension fund makes switch to profit from expected rates increase.
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NewsLargest Dutch pension schemes blame turbulence for poor returns
Second-quarter returns for PFZW, ABP, PMT and PME range between 0.4% and 0.8%.
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NewsNEST denies default options are too low risk
Sources deny default option is low risk as NEST unveils research on member reactions to volatility.
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NewsLongevity causes Dutch dentists' scheme to see 11.5% rise in liabilities
As a result of the increase, scheme fell behind on its goal of 105% funding ratio by 2013.
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NewsPMT's funding hit by longevity in 2010, pulls out of euro-periphery bonds
Following new country policy, metalworking scheme divests from Greek, Italian and Portuguese bonds.
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NewsAustrian roundup: Pensionskassen H1 results, Austrian Chamber of Commerce
AUSTRIA – Austrian Pensionskassen reduce equity exposure as Q1 results see -1.2% returns.
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NewsNordic Roundup: SEB Trygg Liv Q2 results, Storebrand
Swedish banking group SEB sees operating profits in life business fall by 6% in second quarter.
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NewsUK public pension liabilities total £1.1trn – for now
Office for Budget Responsibility figures jibe with external estimates, but rankle unions.
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NewsTotal pension fund beats coverage ratio recovery target by 7 percentage points
Ratio increased to 101.7% at end of 2010 and jumped further to 104.6% at end of June.
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NewsMedical consultants pension fund returns 14%, but coverage ratio stalls
Ratio up by less than 1 percentage point to 111% due to decreasing long-term interest rates.
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NewsBA trustees chairman scotches hopes for RPI restoration
Trustee chairman says BA 'not strongest' company, suggests change would increase uncertainty.
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NewsUK roundup: Pitmans Trustees on DC governance, Pension Protection Fund 7800 index
DC pension schemes failing to achieve most basic governance requirements, says Pitmans.
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NewsUK roundup: Financial Services Research Forum, JLT Pension Capital Strategies, PwC
Institute of Directors' Malcom Small says retirement age should be made 70 'as soon as possible'.
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NewsLittle appetite for buyouts of large pension schemes, says BlackRock
LDI head Tarik Ben-Saud says companies to avoid larger schemes in bid to diversify.
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NewsThree-quarters of UK trustees plan to reduce equity allocation
Survey by Pension Corporation shows 22% of trustees expect an upturn in contingent asset use.
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News
Rabobank pension scheme overhauls equity portfolio
€14bn fund increases equity allocation to emerging markets and the US, largely at expense of Europe.
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News
Number of schemes changing benefits falls across Europe, says Aon Hewitt
New survey shows greater focus on outcomes, as there is ‘no magic wand’ to solve problems.
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Country Report
Italy: Hamstrung by law 703
Armando Piccinno reviews Italian pension funds’ asset allocation behaviour
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Country Report
Italy: Amundi SGR SpA Seconda Pensione Fondo Pensione Aperto
The supplementary pension fund of Amundi Asset Management is a defined contribution plan, founded in 1999. Subscription is voluntary and open to employees of Amundi and other individuals, independent of profession.
