All articles by Cyril Widdershoven – Page 11
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'Excessively generous' pensions stalls Dutch PVK/DNB merger
NETHERLANDS – Parliament has delayed the proposed merger of Dutch central bank (DNB) and the pensions supervisory board (PVK) pension funds after its scrutiny uncovered “excessively generous” deals for the boards’ members as the regulator was cracking down on other funds’ costs.
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Pension crisis hitting Campina pension fund
NETHERLANDS - The Campina and Friesland Coberco pension funds in the Netherlands are facing union and pensioner anger over plans to stop indexing payments to inflation.
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PVK, DNB pension funds to merge
NETHERLANDS – The pension funds of the PVK pension regulator and the central bank will not remain independent after the two institutions merge, a spokesman says.
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Dutch unions warn of “hot summer” on pensions
NETHERLANDS - The current crisis between the Dutch trade unions and the Dutch government will lead to a “very hot summer” according to trade union chiefs.
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ABP chief: no Don Quixote vs. pension windmills
NETHERLANDS – The chairman of Stichting Pensioenfonds ABP says he doesn’t want to be seen tilting at imaginary pension fund windmills like Don Quixote.
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Dutch OPF makes governance recommendations
NETHERLANDS – The Dutch Association of Company Pension Funds has set up a good pension fund governance initiative.
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PGGM sees problems with new reference framework
NETHERLANDS - Dutch health care and social workers’ pension fund PGGM has said there are problems within the agreed one-year recovery decided in the new financial reference framework, Financieel Toetsingskader.
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Netherlands: Staatsen proposals under scrutiny
NETHERLANDS – The Staatsen proposals, which could curb Dutch pension funds’ ‘non-core’ activities, have been examined by a Dutch parliamentary committee.
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ABP says it could begin hiring again in 2005
NETHERLANDS – Stichting Pensioenfonds ABP, Europe’s largest pension fund, says it could begin hiring new staff in 2005 – following a hiring freeze that has been in place since 2002.
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IAS19 could cause Dutch pensions 'breakdown' say employers
The introduction of new IAS19 accountancy rules could play havoc with Dutch companies and may even lead to a total breakdown of the Dutch pensions system as it is today...
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Dutch MPs call for review of career average move
NETHERLANDS – Two Dutch parliamentarians have asked for a review of the pension system in the light of a continued shift to career-average pensions.
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PGGM actuary disagrees with ING pension proposal
NETHERLANDS – An actuary at 53 billion-euro Dutch health care pension fund PGGM says he does not agree with a proposed new type of pension system put forward by a top executive of ING.
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IAS19 seen as major issue for Dutch funds
NETHERLANDS – The pensions accounting standard IAS19, which immediately recognises a scheme’s actuarial gains and losses, is being seen as a major issue for Dutch pension funds.
