FRANCE - Investment returns at the Fonds de Réserve pour les Retraites (FRR) are up 12.8% since the start of the year helping to bring its total assets to €31.9bn (US$47.2bn), the pension fund said.
Total assets at the end of 2008 were €27.7bn. Since its inception in June 2004, investment returns are up 2.6%.
"This performance is mostly attributable to the strong rebound in the equity markets observed since the second half of March," FRR said in a release.
The scheme, set up to pay future pension needs, invests 49.5% combined in equities, real estate and commodities. The remaining assets are invested in cash and bonds.
In this week's Pensions Buzz, we want to know if The Pensions Regulator (TPR) is taking the right approach by naming and shaming schemes which breach their auto-enrolment (AE) duties.
Raised over £167,000
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