Pension System – Page 290
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NewsDutch pension provider MN Services improves risk control framework
€70bn pensions provider also separates asset management, fiduciary management.
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NewsPackaging pension scheme K&FV to join €11.3bn publishing scheme PGB
If participants council, supervisors approve, K&FV to transfer assets, liabilities at year-end.
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NewsDutch pension funds 'successful' in first multiple-company scheme
SCA Hygiene Products Netherlands and 't Anker join forces to improve efficiency, scale.
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NewsDutch pension funds' coverage ratios sink to 98% – Aon Hewitt
Consultancy's findings would suggest funding at many schemes has fallen below 90%.
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NewsMarket turmoil hits coverage ratios at larger Dutch pension schemes
Coverage ratios at PFZW, ABP, PME and PMT all drop below 100%.
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NewsUSS sees funding level recover, plans spin-off of in-house investment team
Funding level rises by 7 percentage points, with scheme now managing £32.2bn (€36.3bn) in assets.
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NewsPoor pension fund assumptions led to London agency's insolvency – report
Assumption that new tourist agency would take on Visit London's liabilities was 'madness'.
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NewsRailways pension fund shifts portfolio toward 'simplicity'
€11.5bn SPF cuts number of companies in strategic equity portfolio to 70 high performers.
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NewsDutch pension giant PME to deploy fixed income as security
Move aims to reduce risk of forced divestment of assets during sharply falling markets.
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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.
