Returns – Page 139
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NewsNPRF sees losses of 8% due to exposure to AIB, Bank of Ireland
IRELAND – The Irish National Pension Reserve Fund (NPRF) has seen part of its portfolio post negative returns of almost 8% last year, due to the sovereign fund's exposure to the country's ailing banks.
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Swedish roundup: SRI, Storebrand, Collectum, Prognosia, AP7, Pensionsmyndigheten
SWEDEN – The majority of Swedes believe in sustainable pension investments, according to a study by SPP, the pension and insurance provider owned by Storebrand.
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NewsIreland's pension funds see growth of 11% in 2010
IRELAND – Pension managed funds in Ireland returned an average of 11% last year, according to figures by Rubicon Investment Consulting.
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NewsKLM pension schemes buck trend to grant full indexation
NETHERLANDS – All three of KLM's pension funds have said they will grant indexation on 1 January 2011, following improved coverage ratios during the past quarter.
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NewsHigh risk investment options yield 25% returns for Danish FSP
DENMARK – Finanssektorens Pensionskasse (FSP), the DKK21bn (€2.8bn) Danish labour-pension fund for the financial industry, reported 2010 investment returns of up to 25.7% for its market-link pension products.
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NewsDenmark's Industriens posts 19% pre-tax return for 2010, lowers account dividend
DENMARK – Danish labour-market fund Industriens Pension has set its 2011 pre-tax account dividend lower than last year at 5.25%, on the back of a 2010 investment return of 12%.
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NewsDanish schemes maintain account dividends after 'good' year
DENMARK – Denmark's biggest commercial pension providers are holding their account dividends at this year's level, citing good investment results for 2010 as well as the level of reserves.
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NewsNAPF calls for career average pensions in UK local government schemes
UK – Career-average pensions are the way forward for the public sector, the National Association of Pension Funds (NAPF) has argued in its submission to the Hutton Review.
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NewsDenmark's Industriens reduces expected pensions due to longevity
DENMARK – A major Danish pension fund is reducing expected pension income for members, as it and other funds react to the regulator’s demand for longevity-related adjustments.
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NewsOfficial Dutch longevity predictions undercut actuaries
NETHERLANDS – Statistics Netherlands (CBS) has estimated a less drastic increase in longevity for the Dutch population than previously forecast by the Actuarial Society (AG).
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NewsNew PPF formula could double levy for some schemes, warns Barnett Waddingham
UK – More than one in five UK pension funds face a doubling of the levy it pays to the Pension Protection Fund (PPF), Barnett Waddingham has warned.
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NewsAustrian Pensionskassen produce wide-ranging returns at end of Q3
AUSTRIA – Austrian Pensionskassen returned 4.1% on average for the first nine months of the year, with results differing significantly between schemes, the Austrian supervisory body FMA said.
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NewsBT cannot increase prices to solve pension deficit, regulator rules
UK – BT will not be allowed to raise wholesale charges for telecoms services in order to help recoup its pension fund deficit, telecoms regulator Ofcom has ruled.
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NewsATP draws DKK23bn from reserves to fund longevity
DENMARK – Denmark's ATP is setting aside an additional DKK23bn (€3bn) for future pensions payments after adopting new longevity measures, which takes into account projected future increases in life expectancy.
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NewsUK roundup: NEST, Stewardship Code, Barnett Waddingham, Pension Capital Strategies, Towers Watson
UK – The introduction of the National Employment Savings Trust (NEST) will reduce annual management costs across the industry, pensions minister Steve Webb has said.
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NewsReport claiming £100bn deficit for UK local government schemes 'misleading'
UK – Industry figures have attacked a report claiming that England's 81 local government pension schemes (LGPS) have seen their deficits increase to £100bn (€118bn).
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NewsDutch pension funds now hold more than €675bn in assets
NETHERLANDS – The combined assets of Dutch pension funds have grown from €649bn at year-end 2009 to €675bn during the third quarter, with €300bn allocated to fixed income and €216bn invested in equity, according to financial supervisor De Nederlandsche Bank (DNB).
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NewsSwitch to CPI could save British Airways scheme £900m
UK – British Airways could slice around £900m off the deficit in one of its defined benefit (DB) pension schemes by switching increases to pensions in payment from the retail price index (RPI) to the consumer price index (CPI).
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NewsUK roundup: LGPS, Cass Business School, Westler Foods, Aon Hewitt, BBC
UK – The Local Government Pension Scheme (LGPS) should consider diversifying its investment portfolio to help mitigate the medium to long-term risks on its investments, according to a white paper from Cass Business School.
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NewsDanish administrator PKA vows to maintain yield guarantees
DENMARK – Danish pensions administrator PKA has become the latest firm in the country to state explicitly that it will not renege on yield guarantees made to its members.
