SWEDEN - Swedish fund AMF Pension recorded one of its strongest years to date as it returned 16% in 2005, up from 9.7% the year before.
An AMF spokesperson told GlobalPensions.com the average return for AMF pension pension of total yield for the past 20 years was 12.2%.
“Overall we are very happy, compared to other companies we are showing strong performance year after year,” she said.
AMF’s performance puts it ahead of the Swedish industry average of 13.2%.
The spokesperson said the fund had also managed to cut expenses to 0.17% of managed capital.
AMF has 3.3 million members, and is focused on occupational pensions for private individuals and the corporate market.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.