NETHERLANDS - Pension funds' investment yields for the financial year 2004 hit e48.6bn, producing a return of 9.5%, according to research carried out by the Dutch Central Bank (DNB).
The rally in the equity markets resulted in positive investment yields over the past two years following a three year spate of negative returns in equity investments where figures had plummeted to minus e35.3bn.
In 2004 the industry wide pension funds booked an investment yield of e34bn, the company and occupational pension funds e14bn and e1bn respectively. The investment yield at company pension funds rose by 8.8% while the increase at industry wide pension funds came to an annualised 4.8%.
This difference in growth rate has been attributed to the higher increase in average invested assets at company pension funds in 2004.
This week's Pensions Buzz respondents were mostly in agreement that 10 weeks is an appropriate length of time to conduct a full DB to DC transfer.
In this week's Pensions Buzz, we want to know if you think Guy Opperman will stay in post as pensions and financial inclusion minister under the new prime minister.
The City and County of Swansea Local Government Pension Scheme (LGPS) will swap around a quarter of its assets to a low-carbon fund by the end of the month, it has announced.