Returns – Page 178
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News
Alecta drops 7.4% in 2008
[16:35 CET 13-02] SWEDEN – Alecta pension fund has reported a loss of 7.8% in 2008 although it claimed asset diversification had limited the decline in its portfolio.
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NewsMetallRente grows assets in difficult year
[12:00 CET 13-02] GERMANY – The MetallRente pension provider saw its assets grow by 4% to €1.4bn in a year when its Pensionsfonds posted a negative return of -16.1%.
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NewsThree Swedish pension funds report 'red light'
[17:00 CET 12-02] SWEDEN – The Finansinspektionen (FI), the Swedish Financial Supervisory Authority, has confirmed the buffer capital of Swedish pension funds declined at the end of 2008, and three funds reported a 'red light'.
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News
OECD calls for pension expansion despite $5.4trn loss
[16:55 CET 12-02] GLOBAL – Private pensions across the world lost $5.4trn between January and December 2008, up from $5trn in October 2008, driven mainly by returns on US pension funds, according to figures from the Organisation for Economic Cooperation and Development (OECD).
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NewsRolls-Royce may inject cash despite pensions surplus
[16:40 CET 12-02] UK – Rolls-Royce, the engine manufacturer, has today revealed it may need to contribute even more to its defined benefits (DB) pensions arrangements over the coming year even though pension fund was technically in surplus under IAS19 accounting.
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NewsNPRF contributions to fund €7bn banking rescue (amended)
[13:30 CET 12-02] IRELAND – The Irish government has confirmed rescue of the banking sector will be financed through both existing National Pension Reserve Fund (NPRF) assets and contributions which would have been paid to the State pension fund over the next two years.
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News
Finnish funds fall an average 14%
[12:00 CET 11-02] FINLAND – The Finnish Pension Alliance TELA has revealed Finnish pension funds decreased in value by 14% last year as a result of their high exposure to equities.
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News
Jobs go as AP1 alters asset management model
[10:45 CET 11-02] SWEDEN – Första AP-fonden (AP1), the first Swedish national pension Fund, is making 20 people redundant and changing its asset management model, in response to the credit crunch, to focus on strategic asset allocation.
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News
VER may take 10% of local commercial paper
[16:30 CET 10-02] FINLAND – Valtion Eläkerahasto (VER), the state pension fund, has increased its allocation to commercial paper markets by €100m in February, although government plans to use it to help boost the economy could see it taking a 10% share of the market.
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News
Member sentiment ups ING Emeklilik's bond exposure
TURKEY – The €169m ING Emeklilik pension insurance company has increased its exposure to fixed income, prompted by prevailing market sentiment among its customers.
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News
IPE winner delivers positive return
[12:00 CET 10-02] NETHERLANDS - De Eendragt Pensioenfond, the pension fund-turned insurance company and winner of the highest accolade at last year’s IPE Awards, has bucked the current trend in Dutch pensions investment by delivering a 4.4% positive return in 2008.
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News
Swiss Pensionskassen are 'stable' – ASIP
[16:50 CET 09-02] SWITZERLAND – ASIP, the pension fund association, has claimed Swiss Pensionskassen system are “weathering the storm” of the market, just as the Social Democrats suggest measures to keep it that way.
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News
Half of PensPlan’s lines make gains
[16:30 CET 09-02] ITALY – Thirteen of the 22 investment lines offered as pensions investments by PensPlan achieved positive returns in what officials describe as conditions which were “difficult to register positive results”.
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News
Choppy waters improve January deficits
[15:00 CET 09-02] UK – The UK’s private sector final salary pension schemes saw a slight improvement in January as deficits reduced a fraction, according to calculations made by the Pension Protection Fund.
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News
Cantons reject mandatory full funding
[16:40 CET 06-02] SWITZERLAND – Swiss cantons officials have rejected government proposals to pass a law which would oblige all public funds to become fully-funded over the next 40 years, just as funding levels are falling further.
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News
Equity losses reduce AP2 by €5.2bn
[16:15 CET 06-02] SWEDEN – Andra AP-fonden (AP2), the Second Swedish National Pension Fund has reported a loss of -24%, or SEK55.1bn (€5.2bn), on its net assets in 2008.
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News
Pension funds seek fresh delay to indexation label
[16:10 CET 06-02] NETHERLANDS - VB and OPF, the main lobbying organisations for the Dutch pension funds, have called for a further delay to the introduction of the indexation label, as officials say the financial situation is still too unclear to be able to deliver sound forecasts.
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News
Interest rate hedge limits TNO’s loss
[15:50 CET 06-02] NETHERLANDS - The TNO pension fund’s investments yielded a negative return of almost 5% in 2008, despite adopting a high interest rate hedge.
