The assets of European pension funds have increased slightly in the first quarter of this year, IPE reports. According to a report by the European Central Bank (ECB), the assets rose to €1.37 trillion from €1.35 trillion in the last quarter of 2010.
The study also disclosed that the insurance technical reserves increased to €5.97 billion from €5.89 billion in the same period. The net equity of households in pension fund reserves increased from €1.65 billion at the end of last year to €1.67 billion in the first quarter of 2011.
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