Returns – Page 143
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NewsSwiss roundup: SAP fund, funding levels, PKZH
SWITZERLAND – The Swiss subsidiary of SAP Group is reducing the buffers in its Pensionskasse and will allow its members participate directly in capital markets.
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NewsNorway Pension Fund Global returns 7.2% in Q3, touts top-performing BP
NORWAY – The Norway Pension Fund Global has reported returns of 7.2% in the third quarter, with its equity portfolio growing by almost 10% after fears of economic instability in the euro-zone subsided.
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NewsBT Pension Scheme sees deficit more than halved by CPI switch
UK – The BT Pension Scheme (BTPS) has announced a 55% reduction in its deficit as a result of the switch to the consumer price index (CPI).
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NewsIrish roundup: Lipper's Ireland Fund Encyclopaedia, Rubicon Investment Consulting
IRELAND – The Irish fund services industry has grown by a "healthy" 7% over the last 12 months, according to Lipper's latest Ireland Fund Encyclopaedia.
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NewsRabobank scheme touts risk management at Dutch funding hearing
NETHERLANDS – Pension funds must pay maximum attention to risk management – and to extreme risks in particular – if they are to be fully prepared for potential shocks, according to Bernard Walschots, chief financial officer at Rabobank's €12bn pension fund.
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NewsUK roundup: PwC on AIFM, Aviva closes final salary scheme
UK – The UK asset management industry is unprepared for the implementation of the Alternative Investment Fund Managers (AIFM) directive, with only 2% saying they know how to implement the changes, according to a study conducted by PwC.
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NewsThird-quarter profits soar by 26% at Danica Pension
DENMARK – Danica Pension – the country's largest commercial pensions provider – saw profits increase by more than a quarter at the group level in its latest interim report, with contributions from international business more than doubling in a year.
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NewsSecurity, liquidity overtake returns as German investors' top priority
GERMANY – Security and liquidity have become the chief concerns for German institutional investors, with returns now secondary, says Union Investment.
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NewsUK roundup: PPF, NAPF, Pension Capital Strategies, Lothian Pension Fund
UK – The Pension Protection Fund (PPF) has announced positive returns for 2009-10, leading to a £400m (€460m) surplus for the organisation.
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NewsDutch fund PGB doubles return with interest, currency hedges
NETHERLANDS – The €11.3bn pension fund for the Dutch printing industry PGB saw its return over the first nine months almost double to 13% thanks to an extensive interest and currency hedge.
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NewsAllied Irish Banks holdings result in loss for NPRF portfolio
IRELAND – The National Pension Reserve Fund (NPRF) has seen part of its portfolio post negative returns of 2.5% due to its holdings in Allied Irish Bank.
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NewsNordic roundup: Skagen Fonder, PPM, Gjensidige, Alecta, AMF, Länsförsäkringar
EUROPE – Skagen Fonder, the largest foreign manager within the Swedish premium based state pension system PPM, is considering withdrawing its funds from the system.
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NewsSolvency II rules could increase pension contributions by 30%, says Dutch minister
EUROPE – Contributions could soar by as much as 30% if Solvency II rules are applied to pension schemes, according to Paul de Krom, the new Dutch minister of social affairs and labour.
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NewsDutch maritime fund threatens 13.2% benefits cut
NETHERLANDS – The €200m pension fund of Dutch maritime service provider Smit Internationale has said it intends to cut pension benefits by 13.2% if its sponsoring company refuses to make additional contributions.
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NewsUK roundup: Northern Ireland, Edinburgh Partners, Sackers, Towers Watson, TPR
UK – The Northern Ireland Local Government Officers' Superannuation Committee (NILGOSC), which administers the country’s local government pension scheme, has awarded a global equity mandate to Edinburgh Partners.
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NewsProfits over first three quarters soar at Denmark's ATP
DENMARK – ATP has generated a profit of DKK17.4bn (€2.3bn) over the first nine months of this year, overshooting its target for the entire year, with all five asset classing posting positive returns.
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NewsAssets at Nordea's Life & Pensions division surge by 19%
EUROPE – Nordea's Life & Pensions division saw a significant rise in the value of assets under management in the third quarter of this year, which the Nordic and Baltic banking group attributed to asset price growth, as well as net inflows.
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NewsSwiss roundup: Swisscanto, Credit Suisse, Melbourne Mercer
SWITZERLAND – Funding at Swiss Pensionskassen has returned to levels seen at the end of last year, according to a survey by Swisscanto.
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SNPF considering alternative recovery measures, appoints chairman
NETHERLANDS – The board of the €1bn pension fund for notaries (SNPF) said it was considering alternative recovery measures to avoid rights cuts after supervisor De Nederlansche Bank (DNB) turned down its suggestions for a tailor-made recovery.
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NewsDutch pension funds return 6.4% in first half
NETHERLANDS – Dutch pension funds returned 6.4% over the first six months of the year, according to State Street Investment Analytics.
