All articles by Pirkko Juntunen – Page 10
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NewsNorway-Global pension fund delivers record returns
NORWAY – The giant Norwegian Government Pension Fund Global beat its benchmark index by 4.1 percentage points and returned a record 25.6% in 2009 as a result of gains in international equities and fixed income markets.
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NewsEarly-stage investments drag down long-term AP6 returns
SWEDEN - AP6, one of the Swedish national buffer funds, returned 11.3% for the full year 2009, beating the target return by 3.8% and boosting total assets to SEK18.2bn (€1.85bn) . This compares well with 2008 when the fund underperformed by 16.6%.
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NewsNorway-Global given top-line real estate guidelines
[15:40 CET 01-03] NORWAY - The Norwegian Ministry of Finance has today revealed the Government Pension Fund-Global will in future be invested in real estate as planned, albeit investments will be made over a long period of time, in a bid to reduce risk.
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NewsEquity rally in 2009 saves Danish pension fund returns
DENMARK - Danish pension providers PFA, AP Pension and PKA all had a good year in 2009 as a result of the rebound in equity markets. The funds returned 6.6%, 8.3% and 12.3% respectively.
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NewsAP3 alters strategy after improved returns
SWEDEN – The first four AP-funds in the Swedish pension system between them produced an average return of 19.4% in 2009, equivalent to a net profit of SEK 133.8bn (€13.6bn), to bring the total vlaue of assets to SEK 808.8bn.
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NewsFolksam matches trend of positive Nordic returns
[15:50 CET 17-02] SWEDEN - Folksam, the Swedish insurance and pension provider, has matched many of the Nordic players who were forced to claw back losses from 2008 and returned 10.3% for the full year 2009.
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NewsEmerging markets puts Denmark’s FSP back into black
[15:00 CET 16-02] DENMARK - Finanssektorens Pensionskasse (FSP), the Danish pension fund for the financial industry, returned 4% for the full year 2009, compared to losses of 11.1% in 2008, as a result of strong investment returns from emerging markets bonds and equities.
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NewsAP6 admits trust damaged by Xeratech scandal
[15:30 CET 11-02] SWEDEN - The board of AP6, one of the Swedish national buffer funds, has concluded in a review of its decision-making processes that its appointment of Åsa Rödén as the CEO of Xeratech was inappropriate because she was in a relationship with AP6’s chief executive, Erling Gustafsson.
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NewsFinnish pension funds return 19% on equities growth
[15:45 CET 05-02] FINLAND - Finnish occupational pension funds returned an average 19% on investments in 2009 thanks to the equity rally, and clawed back the 14% loss suffered in 2008.
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Features
PP Pension: Steady as she goes
The €796m PP Pension fund is known for consistently producing excellent returns. But after a recent dip in performance, the newly appointed CEO Viveka Ekberg (pictured) and CIO Cecelia Thomasson Blomquist aim to re-establish the fund’s good returns without compromising on its winning philosophy, writes Pirkko Juntunen
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NewsEquities and hedge funds boost Finland’s Fennia
[15:00 CET 25-01] FINLAND – Preliminary results for Pension Fennia, one of the largest pension insurance providers in Finland, revealed equities returned a massive 33.7% on investments while hedge funds delivered 16.4% in 2009.
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NewsThree new providers enter Sweden’s ITP system
[15:30 CET 20-01] SWEDEN - Danica, Handelsbanken and Nordea have been selected as new fund providers for Sweden’s ITP occupational pension system for white-collar workers, for three years starting 1 July.
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NewsMore Swedish pension giants left out of ITP
[16:30 CET 13-01] SWEDEN - Länsförsäkringar, Swedbank and Skandia have been informed they will no longer be eligible to manage occupational pensions within the ITP system in Sweden.
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NewsSweden's Moderna is latest to lose its ITP slot
[16:00 CET 08-01] SWEDEN - Moderna Liv & Pension, a Swedish insurer and fund provider, will no longer be on the ITP list of pension and insurance providers eligible to manage occupational pensions from July 1, 2010 for at least a three-year mandate period.
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NewsSPP to withdraw from Sweden's ITP system
[15:00 CET 18-12] SWEDEN - SPP, one of the largest pension insurers in Sweden, will not be eligible to deliver pension investments via the country’s ITP pensions administration system next year.
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NewsSweden's AP6 rocked by corporate scandal
[16:45 CET 17-12] SWEDEN - AP6, one of the Swedish national pension buffer funds, has been rocked by a scandal involving a company, Xeratech, held in its portfolio. AP6 has accused the two founding brothers of “plundering” the company and is now also considering taking legal action against the firm’s ...
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NewsEtera's managing director resigns
[15:15 CET 17-12] FINLAND - Kalevi Hemilä, managing director of Finnish pension insurance company Etera, has resigned and will be leaving at the end of the year for health reasons.
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NewsSolvency thaw lifts returns for Finnish pensions
[16:15 CET 14-12] FINLAND - The solvency levels of Finnish pension insurance companies were significantly boosted in the third quarter of this year as a result of improved investment returns, much like those enjoyed among pension funds across Europe.
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NewsSweden’s AP funds should be merged - report
[16:45 CET 07-12] SWEDEN - A report has been published by an independent think-tank from within the Swedish Ministry of Finance suggesting the country’s first four pension buffer funds should be merged into one, to achieve scale advantages and potentially boost assets by SEK1bn (€958m) annually.
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NewsFinland's Keva appoints new CEO
[16:45 CET 04-12] FINLAND - The Local Government Pension Insitution (Keva) has appointed Merja Ailus as its new chief executive.
