Returns – Page 162
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News
Row over Swiss funding levels
[16:50 CEST 24-09] SWITZERLAND – Many pension funds are back to full funding after a significant market recovery in the first half of 2009 but Swiss experts say widely differing calculations on average 2008 funding levels have left them confused as to what pension funds' true funding levels are.
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Bulgaria may offer multifunds in 2010
[16:35 CEST 24-09] BULGARIA – Multi-funds, or investment portfolios with different risk profiles, could be introduced into the third pillar pensions regime next year if the government adopts a draft law by the end of 2009, the Bulgarian Association of Supplementary Pension Security Companies (BASPSC) has revealed.
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News
LGA explores LGPS funding for schools
[16:30 CEST 24-09] UK – The executive of the Local Government Association (LGA) has authorised further investigation into the potential for establishing a collective investment fund for local authority pension schemes, so they may band together to invest in Private Finance Initiatives (PFI).
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NewsBelgium may benefit from US tax on TLP profits
BELGIUM – Policy Selection Limited (PSL), the fund management group behind the Assured Fund that invests in traded life policies, is to move the administration of the fund to Belgium to limit the impact of new withholding tax rules introduced by the US.
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NewsUK proposes flexibility on employer debt rules
[16:38 CEST 18-09] UK - Rules on how companies pay money into their pension schemes when they restructure may change under government proposals announced yesterday.
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NewsIcelandic pension funds lost 21.78% in 2008
[16:30 CEST 18-09] ICELAND – The real rate of return for Icelandic pension funds was -21.78% in 2008, while the value of net assets dropped by 6% to ISK1.6trn (€8.8bn), the Icelandic Financial Supervisory Authority (FME) has revealed.
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News
Premiesparfonden outperforms average PPM fund
[17:00 CEST 17-09] SWEDEN – The Swedish pension default fund Premiesparfonden, run by Sjunde AP-fonden (AP7), has outperformed the average fund in the Premium Pension System (PPM) with a return of 23.2% in the eight months of 2009.
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News
Aggregate FTSE 250 pension deficit hits £12bn
[17:00 CEST 16-09] UK – The total deficit of defined benefit (DB) pension schemes run by companies listed on the FTSE 250 index doubled to £12bn (€13.5bn) over the 12 months to the end of June, research from Pension Capital Strategies (PCS) has suggested.
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News
Icelandic pensions to set up specialist fund
[16:30 CEST 15-09] ICELAND – Icelandic pension funds are in the process of finalising details of the Icelandic Investment Fund (IIF), which will invest in domestic businesses that have suffered in the economic crisis.
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News
Northumberland scheme improves by £30m in Q2
[17:30 CEST 14-09] UK – The value of the Northumberland County Council pension fund increased by more than £30m (€34.1m) in the second quarter.
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News
Dutch pension fund investments rose by 4.5% in Q2
NETHERLANDS – The investment portfolios of Dutch pension funds increased in value by 4.5% (€25bn) in the second quarter, according to latest figures from De Nederlandsche Bank (DNB).
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News
Ascoop returns 7.29% to July
[16:55 CEST 14-09] SWITZERLAND – The CHF2bn (€1.3bn) multi-employer fund for the Swiss transport industry is back on positive ground with its old strategic allocation.
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News
Irish public sector pensions hit €108bn
[17:00 CEST 11-09] IRELAND – The accrued present value of public sector pension liabilities was estimated at €108bn at the end of December 2008, according to figures from the Comptroller and Auditor General (C&AG).
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News
Longevity may cut private pension income to 5.9% of GDP - PPI
[17:00 CEST 10-09] UK - Income from private pension schemes could fall from an estimated 6.1% of UK GDP in 2012, to 5.9% by 2032, if life expectancy increases in line with projections, according to the Pensions Policy Institute (PPI).
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News
Belgian pensions return 4.2% in H1
BELGIUM – Belgian pension funds produced an average weighted return of 4.21% in the first six months of 2009, figures from the Belgian Association of Pension Institutions (BVPI) have revealed.
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News
Romanian funds increase equity allocation
ROMANIA – Equity levels among second pillar pension funds have increased to between 5 and 6% over the last few months but remain low compared to last year, latest figures from the Romanian pension fund association (APAPR) have revealed.
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News
Lithuanian funds gain 13% in first eight months
[17:20 CEST 09-09] LITHUANIA – The 28 funds in the Lithuanian second pillar posted an average return of 12.79% for the first eight months of 2009 after 19.9% losses in the previous year.
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News
Global downturn knocked 21% off London fund
[17:10 CEST 09-09] UK – The London Pensions Fund Authority (LPFA) scheme dropped £551m (€625.9m) in the year to 31 March 2009 to reach £3.02bn, as the global economic downturn caused the asset values of its investment portfolios to plummet.
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News
Interest hedge lowers Dutch housing fund's Q2 return
[17:00 CEST 09-09] NETHERLANDS - The €4.4bn pension fund for housing corporations (SPW) saw its returns on investments of 7.1% in the second quarter adversely affected by its large interest hedge on liabilities.
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News
UK DB schemes target 83% buyout funding level
[16:45 CEST 09-09] UK – The average target funding level for defined benefit (DB) schemes has increased from 69% to 83% of funds required for a buyout, according to latest research from Mercer.
