Returns – Page 54
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News
€6.8bn chemical company scheme decides against consolidation
PDN says it is optimally prepared to address developments in the changing Dutch pensions sector
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C&A scheme reduces equities to protect financial position
The €1.4bn pension fund also raised its interest rate hedge position from 50% to 60% of liabilities, and divested from an 8.1% allocation to hedge funds
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Market recoveries prompt 2.2% Q1 return for Spanish funds
Alternative asset classes boost returns after difficult end to 2018, according to Mercer and Inverco stats
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Achmea scheme’s booming Dutch property holdings deliver 24%
The Dutch insurer’s pension fund posted an overall loss of 1.6% for 2018 despite significant gains from its property and infrastructure investment portfolios
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PGGM attributes €11m loss to ‘complex IT modernisation’
The €211bn asset manager said its investments outperformed for pension fund clients, in particular credit, real estate and infrastructure
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BpfBouw increases dollar hedge following currency loss
Construction sector scheme loses 2.1% on currency hedge chiefly due to appreciation of dollar in 2018
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Dollar, yen appreciation behind Philips scheme’s 2.4% investment loss
Pension fund wants to maintain currency hedge but has halved the value of the position ‘for strategic reasons’
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Discount rate change to increase chances of pension cuts at Dutch schemes
Committee led by former finance minister Jeroen Dijsselbloem has recommended reducing both the ultimate forward rate and assumptions for returns
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Active management fails to deliver added value for Rabobank scheme
Dutch bank’s pension fund says its factor-based equity allocation lagged its benchmark by 2.25 percentage points in 2018
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NewsTop 400 Asset Managers: AUM grows 1% amid market volatility
BlackRock retains number one spot but six of top 10 managers reported a lower AUM figure than last year in IPE’s annual survey
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Most pension funds missed funding recovery targets, says Dutch regulator
Three pension funds – including giant metal and engineering sector pension funds PMT and PME – are facing benefit cuts in 2020
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NewsChart of the Week: AP7 boosts share of Swedish DC system to record 42%
Government report shows AP4 has posted the best long-term annualised return among the four main state pension buffer funds
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NewsChurch of England warns on volatility after 1.8% return for 2018
Allocations to private equity and strategic land post gains in excess of 20% as listed equity portfolio hammered by market volatility
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NewsSwiss pension funds bounce back from 2018 losses
The average funding ratio of Swiss Pensionskassen declined by more than 5 percentage points during 2018 after the fourth-quarter equity crash
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NewsChanging Dutch accrual rates needs more attention, says Shell scheme
Compensating older workers for the negative effects of a switch to degressive accrual won’t be feasible for many pension funds, according to the €27bn scheme
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Multi-asset funds face challenge to win back investors
A ‘tough few years’ for diversified growth funds has heaped pressure on providers to justify their strategies
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PGB introduces dynamic equity risk management
The multi-sector scheme has made changes to its investment strategy after incurring its first annual investment loss since 2008
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NewsCurrency aided Danish pension funds in first quarter: Willis Towers Watson
SEB comes close second to Danica as Willis Towers Watson compares market-rate returns
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Engineering scheme introduces real assets portfolio, targeting €2.5bn
Dedicated allocation is to replace PME’s 1.6% alternatives portfolio, comprising forestry and infrastructure
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NewsPMT board: Decision to fix contributions hurt funding levels
A 2014 decision to keep contributions fixed for five years has hurt the €77bn metal industry pension scheme’s funding position
