BELGIUM - The KBC pension fund has adopted a liability driven investment (LDI) solution provided by its parent KBC Asset Management.
The E900m fund, which is 85% funded according to IFRS measurements, will maintain its current asset allocation of 40% bonds, 50% equities and 10% real estate. KBC Pension Fund Trustee, Edwin Meysmans,...
Karel Van Gutte has been named as secretary general of the Belgian Association of Pension Institutions (BAPI).
UK/BELGIUM - The Upper Tribunal expressed "serious reservations" about the amount The Pensions Regulator is chasing in its contribution notice against Michel Van De Wiele NV.
NETHERLANDS/BELGIUM - A group of Dutch and Belgian investors is planning to sue ABN Amro and KBC who acted as counterparties in trades with Lehman Brothers and Ernst & Young who audited the bank's accounts.
EUROPE - Multinationals are increasingly looking at creating cross-border pension funds for their employees, industry figures said.
BELGIUM - Pension funds lost an average of 15.5% over the year up to September, and shifted allocations from equities to bonds, research by Mercer reveals.