Dutch roundup: KLM, Philips, Vervoer

first_imgThe €7.4bn KLM pension fund for ground staff (Algemeen Pensioenfonds) attributed its quarterly return of 1.6% in particular to the performance of equities and real estate, which generated 5.4% and 2.3%, respectively.Its return over the full year was 0.7%, with real estate and equity returning 8.6% and 3%, respectively.It lost 0.9%, however, on its 52% fixed income portfolio.The ground staff scheme closed the year with a funding of 111.1%The €2.5bn KLM pension fund for cabin staff said a fourth-quarter return of 1.9% allowed it to avoid reporting a loss for 2015, ultimately delivering 0.5%.Real estate, returning 8.6% over the year, was the best performing asset class.The scheme said its equity holdings returned 3%, whereas its fixed income generated an annual loss of 1%.At year-end, funding at the Pensioenfonds KLM Cabinepersoneel stood at 108.5%.Meanwhile, the €17.6bn Philips pension fund reported a quarterly return on investments of 1.1%, which it attributed in particular to real estate and equity.It said its annual return was 1.2%.During the past three months, high-yield credit and emerging market debt delivered positive results.In contrast, euro-denominated government bonds, global government bonds and commodities all declined.The pension fund said it official policy funding stood at 111.7% at year-end and that its assets had dropped from €19.8bn to €17.6bn over the fourth quarter.Lastly, the €20bn sector scheme for public road transport (Vervoer) reported annual and fourth-quarter returns of -1.5% and 0.7%, respectively.Vervoer said its policy funding stood at 104.4% at year-end. The three large KLM schemes and the Philips Pensioenfonds have reported “modest” results for 2015, with KLM’s pension fund for cockpit staff performing best with a 2.3% annual return.At least one KLM scheme, thanks to relatively strong performance over the fourth quarter, was able to avoid closing out the full year with a loss, according to the schemes’ quarterly report.The €7.9bn KLM scheme for cockpit staff (Vliegend Personeel) reported a fourth-quarter return of 1.5%.Its policy funding – the criterion for indexation and rights cuts – stood at 122.9% at the end of 2015.last_img read more

Coronavirus forces fan ban at Italian football games

first_img Loading… Upcoming matches in Italian Serie A and the Europa League will be played behind closed doors to combat the spread of coronavirus, the Italian sports minister announced on Monday evening. A bar next in central Milan closes following security measures against the coronavirus mount “Following the demands of the sports world and knowing that the ban on sporting events open to the public remains in force in six regions of northern Italy, we have agreed to the holding of matches behind closed doors,” said Sports Minister Vincenzo Spadafora after a meeting of the Council of Ministers. Inter Milan themselves announced their Europa League match with Ludogorets on Thursday would be played with no fans present. “In agreement with UEFA, the Lombardy regional health authorities and Milan city council, our return game with Ludogorets will be played behind closed doors,” an Inter statement said. The sports minister did not specify which Serie A matches at the weekend would be included in the ban. There are six games in the regions he mentioned, including the clash on Sunday evening between leader Juventus and third-place Inter. Italy reported its seventh death from the virus on Monday and it has the most confirmed cases in Europe. Eleven towns – 10 in Lombardy and one in neighbouring Veneto – are under lockdown, with some 50,000 residents prohibited from leaving. Promoted ContentThe Models Of Paintings Whom The Artists Were Madly In Love With7 Non-Obvious Things That Damage Your Phone5 Of The World’s Most Unique Theme Parks9 Facts You Should Know Before Getting A TattooWho Is The Most Powerful Woman On Earth?Who Earns More Than Ronaldo?This Is The First Meme Ever, According To The Internet7 Reasons Why You Might Want To Become A VegetarianWho Earns More Than Ronaldo?11 Most Immersive Game To Play On Your Table TopWhich Country Is The Most Romantic In The World?8 Most Interesting Sylvester Stallone Movies Napoli’s Champions League match against Barcelona on Tuesday is not at risk. The alternative to banning fans is to postpone games and Gabriele Gravina, the president of the Italian Football League made clear earlier in the day that he was opposed to that. Read Also: UCL: Lampard hopeful Chelsea underdogs can bite Bayern again “We have made an official request to Health Minister Roberto Speranza to have this game played behind closed doors,” Gravina told the press. “We expect a quick response, but we have been told that the outcome will be positive.” Other sports were also hit with the Italian Olympic Committee (CONI) confirming that in line with government instructions, all events in the Lombardy and Veneto regions would be postponed. Regional authorities have ordered gathering spots, such as bars, restaurants, cinemas and discos to close. FacebookTwitterWhatsAppEmail分享 last_img read more