Pension System – Page 294
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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.
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Country Report
Italy: Fondo Pensione Complementare Pegaso
Fondo Pensione Complementare Pegaso was founded in 1997 as the contractual pension fund for the Italian utilities sector. Its membership base consists of mainly electricity, gas and water companies, at present it has around 500 member companies.
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Country Report
Italy: The fiscal rubacuori
As Silvio Berlusconi struggles to maintain authority under a deluge of legal cases, his mandate has been undermined. Maria Teresa Cometto argues that the losers will be the economy and the pension industry as fiscal reform will be postponed in favour of achieving short-term political gain
