Netherlands: Pensions and Investment News and Analysis
Europe’s second largest pension system is preparing for a historic shift away from the current defined ambition arrangements in favour of one with DC accrual but largely in a collective asset pool. Despite political murmurings among members of the current coalition government, there have been no serious attempts to row back on the reforms, which will kick in from 2025 onwards. The main change for pension funds will be moving away from a system that manages funding ratio, with risk capacity determined accordingly, to one that is arguably better suited to the long-term risk profile of the participants. What’s not to be underestimated is the IT challenge in migrating millions of accounts to the new system.
Pension Funds in Netherlands - Country Report
Netherlands country report 2024: Dutch pension funds distribute buffers
The arguments heat up over what to do with excess funds in Dutch pension schemes
TOP DUTCH PENSION FUNDS 2024
Pension fund/entity | Assets (€’000)
- ABP | 510,000,000
- Pensioenfonds Zorg en Welzijn (PFZW) | 242,360,000
- Pensioenfonds Metaal en Techniek (PMT) | 84,411,332
- BPF Bouwnijverheid (bpBOUW) | 66,338,803
- Pensioenfonds van de Metalektro (PME)| 55,728,949
©IPE Research; View the Top 1000 European Pensions Funds 2024 for a comprehensive market overview
Dutch pension funds hedge equity risk in run-up to DC transition
While some funds have sold part of their equity exposure, more are likely to use options to reduce the downside risks to their listed equity investments
Dutch regulator embraces pension fund criticism
DNB introduces AI tool ChatDNB
Pension providers expect delay to Dutch pension transition
Two thirds of pension providers believe the deadline for pension funds to move to a new defined-contribution arrangement will be delayed by at least one year to 2029
APG and TIAA award €475m impact investing mandate to Arcmont
The investment will be centred on four key themes: climate, health, education and sustainable economic growth
Dutch Council of State slams ballot proposal on DC pension conversion
Agnes Joseph hits back at ‘astonishing’ advice that blocks moves to give scheme members a say on conversion to new system
TOP MANAGERS: DUTCH INSTITUTIONAL ASSETS
Company | Assets (€m)
- APG | 569,048*
- PGGM | 243,000
- BlackRock | 206,976
- Achmea Investment Management | 188,763
- MN | 149,457
- Aegon Asset Management | 93,090
- ASR Vermogensbeheer | 74,955**
- Van Lanschot Kempen Investment Mngt. | 74,027
- State Street Global Advisors | 64,262
- Northern Trust Asset Management | 52,349
As at 30.6.24, *31.12.23, **30.06.23
©IPE Research; Sign up to IPE Profesional to see all the data in the latest country report
IPE BEST PENSION FUND IN NETHERLANDS AWARD WINNERS
- 2023 - Rabobank Pensioenfonds
- 2022 - PFZW
- 2021 - PFZW
- 2020 - Shell Nederland Pension Fund (SNPS) and SBZ Pensioen
- 2019 - Stichting Calpam-Pensioenfonds
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Disagreements over pension reform persist in the Netherlands
When King Willem-Alexander read out his speech at the opening of the Dutch parliament, the topic of pensions was missing.
Dutch pension funds hedge equity risk in run-up to DC transition
While some funds have sold part of their equity exposure, more are likely to use options to reduce the downside risks to their listed equity investments
Dutch regulator embraces pension fund criticism
DNB introduces AI tool ChatDNB
Pension providers expect delay to Dutch pension transition
Two thirds of pension providers believe the deadline for pension funds to move to a new defined-contribution arrangement will be delayed by at least one year to 2029
APG and TIAA award €475m impact investing mandate to Arcmont
The investment will be centred on four key themes: climate, health, education and sustainable economic growth
Dutch Council of State slams ballot proposal on DC pension conversion
Agnes Joseph hits back at ‘astonishing’ advice that blocks moves to give scheme members a say on conversion to new system
Dutch construction sector scheme ups exposure to high-yield credit
The change in allocation is taking place in the run-up to the fund’s transition to a DC arrangement as of 1 January 2026
Pension and investment consultants: Business models are changing
Pension and investment consultants are adjusting business strategies in response to an increasingly complex and volatile investment environment
European pension funds react to the anti-ESG backlash
Despite political and market headwinds, European pension funds remain firmly committed to achieving net-zero and long-term climate goals
Protectionist scenario a blow for funding ratios, warns Cardano
Trade tariffs will hit GDP and earnings growth, resulting in a steep fall in stock markets, according to the consultancy
IPE Netherlands Briefing: Funds change asset allocation in new pension system
Plus: BlackRock under fire; 2024 returns
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