FINLAND - Valtion Elåkerahasto (VER), Finland's state pension fund, gained 5.3% during the first quarter on the back of its equity investment performance.
Global equities returned 9.6%, fixed income allocations yielded 2.4%, while other investments returned 1.2%.
All assets provided better performance than in the first quarter of 2009, when equities lost 7.7%, fixed income gained 0.8% and other investments lost 7.3%.
VER managing director Timo Löyttyniemi said: "The investment activities in the first quarter proved to be a success. The stock markets saw a particularly strong rise in March.
"The difficulties experienced by some of the eurozone countries have led to increased uncertainty in the fixed income and stock markets."
Assets under management grew €2.8bn (US$3.1bn) year-on-year to €13bn. VER has 54.8% of its portfolio allocated to fixed income, 40.8% to equities and 4.4% to others.
According to its annual report, VER returned 16.4% for the whole 2009 and had €12.3bn under management at the end of last year.
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.