Returns – Page 156
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News
Pension transfers and equities boost Finnish providers
[16:55 CET 26-01] FINLAND – A €37m increase in insurance transfers under the Employees Pensions Act (TyEL) and a large position in Finnish equities helped improve the position of Veritas in 2009.
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Irish Ombudsman sees leap in fund value complaints
[16:45 CET 26-01] IRELAND – Complaints to the Pensions Ombudsman about pension fund values increased by 71% from 2008, and many of these were related to investor concerns about fund values.
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Strong return raises SPMS cover ratio by 20%
[17:00 CET 25-01] NETHERLANDS - The €5bn pension fund for medical consultants SPMS saw its cover ratio rise by almost 20 percentage points last year on the back of a 17% return.
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News
Luzern moves one step closer to pension recovery
[16:30 CET 25-01] SWITZERLAND – An advisory body to the regional parliament of the canton of Luzern has recommended officials approve proposed pensions recovery measures but introduce a time limit in which this must be achieved.
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Equities 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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News
Bank of Ireland reviews DB scheme over €1.5bn deficit
[16:15 CET 22-01] IRELAND – The Bank of Ireland (BOI) – one of two banks benefiting from the recapitalisation by the National Pension Reserve Fund (NPRF) - has confirmed it is in the early stages of a review of its defined benefit (DB) pension scheme.
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News
ABP unveils 20% return and strategy changes
[16:25 CET 21-01] NETHERLANDS - The €201bn civil service scheme ABP saw investment returns hit 20.2% in 2009, and is working under a new investment strategy, according to officials.
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News
Icelandic pension fund assets estimated at €10bn
[16:20 CET 21-01] ICELAND – An increase in the value of domestic securities and Housing Financing Fund (HFF) bonds led Icelandic pension fund assets to rise by ISK18.8bn (€105.2m) in November 2009.
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News
Outsourcing trend drives Varma growth
[16:15 CET 21-01] FINLAND – Varma Mutual Insurance Pension Company saw its assets increase to €29.9bn by the end of 2009 after securing a number of new pension contracts from the university sector.
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News
Investment timing was key to Ilmarinen's 16% return
[16:55 CET 19-01] FINLAND – Ilmarinen pension insurance company has attributed a positive return of 15.8% in 2009 to the allocation and the timing of its investment strategy.
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News
Irish gov't gets final say on exclusion from PIPS
[16:50 CET 19-01] IRELAND – Pension schemes, businesses and employers that have "wilfully contributed" to a pension scheme deficit or insolvency could see the pension fund excluded from the new Pension Insolvency Payment Scheme (PIPS).
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News
Swiss pension returns average 11% in 2009
[16:45 CET 18-01] SWITZERLAND – Swiss Pensionskassen returned an average of 10.8% and 11.56% last year, depending on the data calculation method selected.
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News
Levensmiddelen and SBZ grant indexation
[15:45 CET 15-01] NETHERLANDS - The industry-wide pension funds for care insurers and food articles have also granted their participants part indexation payments, following fast improving cover ratios.
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News
Austrian pension funds return 9%
[15:30 CET 15-01] AUSTRIA – The average return of Austria's 17 Pensionskassen was 9% in 2009, the pension fund association FVPK has revealed.
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News
Hungarian pension funds return over 20%
[16:15 CET 13-01] HUNGARY – Hungarian mandatory pension funds have made up for the losses suffered in 2008 by returning 21.3% on average over the past 12 months.
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News
UK defined benefit pensions pull back deficits
[15:15 CET 12-01] UK – UK corporate pension schemes last year gained approximately 10.6% of the losses suffered during 2008 as figures presented by the Pension Protection Fund suggest defined benefit funds amassed £827.7bn (€922.5bn) in assets by the end of 2009.
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News
Dutch schemes performed ahead of recovery plans
[16:00 CET 11-01] NETHERLANDS - Dutch pension fund cover ratios pulled back somewhat last year after suffering significant losses in 2008, to an average 111% by the end of 2009, research from Hewitt Associates has claimed.
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News
SPOV and Schilders grant indexation
[16:55 CET 08-01] NETHERLANDS - The financial position of the €2.3bn pension fund for public transport SPOV and the €3.3bn scheme for painters and decorators has improved so much on the previous yea's performance that both pension plans can grant their participants indexation for 2010.
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News
Bank recapitalisation assets hold back Irish state fund returns
[16:50 CET 07-01] IRELAND – The National Pension Reserve Fund grew by almost 11.6% in the final quarter to €22.3bn, preliminary end of year figures from the National Management Treasury Agency (NTMA) have revealed.
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News
UK roundup: State Street, MP pensions, Fujitsu, Linklaters, Aero Engine
[15:30 CET 07-01] UK – Preliminary figures from State Street's defined benefit (DB) scheme results survey show an average 15% return, while the MP's pension scheme has appointed a legal adviser. Workers at Fujitsu are organising further strikes over the firm's pension scheme closure, Linklaters is to close its DB ...
