The market value coverage ratio of Pensioenfonds ING, the pension fund for employees of Dutch multinational banking group ING, decreased by 1.5 per cent in September, to 119.9 per cent.
In addition to this, the DNB policy funding ratio decreased by 0.4 per cent during September, falling to 126.7 per cent, although this is still “well above” the legally required funding ratio of 110.3 per cent.
The average real funding ratio has also fallen by 0.2 per cent over the past twelve months, to 93.6 per cent.
During September, a negative return was achieved with shares and bonds, although a positive return was achieved on real estate and private equity.
This, on balance, saw a total return for the month of September of 1.1 per cent, representing a total increase in the value of the investments of €0.3bn, to €30.6bn.
Interest rates also fell during September however, which in turn saw a €0.4bn increase in pension liabilities to €24.2bn.
Latest News
-
Irish master trust growth continues; ‘considerable uncertainty’ remains over AE
-
Majority of Finns supportive of agreed pension reforms
-
Sampension brings case to the ECJ to assess if Danish rules violate EU directives
-
BNP Paribas Cardif completes the acquisition of AXA Investment Managers
-
'Important milestone' as PMT submits implementation plan to DNB and AFM
-
KPA Pension forms part of SEK 200m green bond investment
Podcast: Stepping up to the challenge
In the latest European Pensions podcast, Natalie Tuck talks to PensionsEurope chair, Jerry Moriarty, about his new role and the European pension policy agenda
Podcast: The benefits of private equity in pension fund portfolios
The outbreak of the Covid-19 pandemic, in which stock markets have seen increased volatility, combined with global low interest rates has led to alternative asset classes rising in popularity. Private equity is one of the top runners in this category, and for good reason.
In this podcast, Munich Private Equity Partners Managing Director, Christopher Bär, chats to European Pensions Editor, Natalie Tuck, about the benefits private equity investments can bring to pension fund portfolios and the best approach to take.
In this podcast, Munich Private Equity Partners Managing Director, Christopher Bär, chats to European Pensions Editor, Natalie Tuck, about the benefits private equity investments can bring to pension fund portfolios and the best approach to take.
Mitigating risk
BNP Paribas Asset Management’s head of pension solutions, Julien Halfon, discusses equity hedging with Laura Blows
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories