Philips pension plan returns -3.5% in Q4

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NETHERLANDS - The Philips pension fund returned -3.5% during the fourth quarter of 2010 due to rising interest rates.

The Dutch electrionics giant's pension assets fell to €13.6bn ($18.4bn) from €14.3bn in Q3, bringing it closer to its Q1 and Q2 levels of €13.7bn and €13.6bn respectively. The Dutch pension fund...

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