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Are Pension FundstakingtoomuchRisk?
Institutional Seminar
Jan
LongevalManaging Director
March 27, 2009
 
2
Are Pension
FundstakingtoomuchRisk 
?
A closerlook at the numbers
Annualreturns BelgianPension Funds(as of end 2008)
2.4%4.4%
15 yearsPension funds
–
Real
Pension funds
–
Nominal
Source
: BVPI/ABIP
 
3
Are Pension
FundstakingtoomuchRisk 
?
A closerlook at the numbers
Annualreturns BelgianPension Funds(as of end 2008) vsGovernmentbonds
4.4%
Pension
funds
-
Nominal2.4%Pension
funds
–
Real6.1%Gov.
Bonds
–
Nominal4.1%
15 years
Gov.
Bonds
–
Real
Source
: BVPI/ABIP
 ,
 Bloomberg
of 00

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