NETHERLANDS - ABP has released results for 2007 which show the fund managed to successfully avoid many of the negative effects of the credit crisis but posted below average returns.
L.C. Brinkman, chairman of the board, ABP, said: "For ABP, the year under review confirms our deep rooted beliefs in the advantages of a collective pension system.
"Our policy aims to be able to fully index the members' pensions in a sustainable manner at a reasonable price, without being able to furnish guarantees about full indexation. After years of financial recovery, 2007 again confirms the resilience of the system."
ABP said it was also able to pay retirees an additional bonus of €300 (US$469) in March this year. The fund added that while returns were below those of previous years, it was able to withstand the worst effects as they were in line with the long term objective of the fund.
The pension fund also used the annual report as an opportunity to underline its commitment to sustainable and environmental, social and governance (ESG) investments. It said these concerns were "a key aspect" in ABP's investment policy.
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