NETHERLANDS - Stichting Pensioenfonds ABP, the Netherlands' biggest pension fund, reported a return on investments of 4.6% in the first half of 2010.
The fund said assets under management stood at €218bn (US$279bn). The fund's coverage ratio, or the amount of assets relative to future benefit payments, fell to 95% at the end of June from 96% a month earlier.
It said the decrease was mainly due to historically low interest rates, and not a result of a drop in overall assets under management.
The Dutch regulator requires all pension funds to be 105% funded. If they fall below this watermark, schemes need to file a recovery plan. ABP is one year into a five-year recovery plan.
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.