All articles by Leen Preesman – Page 100
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News
Interest rate hedge limits TNO’s loss
[15:50 CET 06-02] NETHERLANDS - The TNO pension fund’s investments yielded a negative return of almost 5% in 2008, despite adopting a high interest rate hedge.
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News
Akzo Nobel scheme loses a fifth
[16:40 CET 05-02] NETHERLANDS - The €3.6bn Dutch pension fund of paints giant Akzo Nobel returned –20.6% on its investments in 2008, as its equity allocation plummeted in value by 42%.
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News
Consumer body rallies against recovery plan delay
[15:45 CET 02-02] NETHERLANDS – Consumentenbond, the large Dutch consumers’ lobbying organisation, has spoken out against calls for a more generous recovery period for underfunded pension funds.
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News
SNS AM picks KAS Bank as custodian
[15:30 CET 02-02] NETHERLANDS - SNS Asset Management is outsourcing its security services to KAS Bank.
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News
IBM withholds indexation as BPF Bouw imposes limit
[16:00 CET 30-01] NETHERLANDS - BPF Bouw, the pension fund for the building industry, will only grant its active participants an indexation of their pension claims for 2009 while IBM is holding off from paying it this year.
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News
Progress to sell property for unlisted strategy (UPDATED)
[16:15 CET 17-01 NETHERLANDS - The Dutch pension fund of food giant Unilever, will sell its entire Dutch direct property portfolio and switch its real estate investment strategy to unlisted international real estate funds.
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News
DNB prefers gradual recovery to claims cut - Hewitt
[16:00 CET 23-01] NETHERLANDS – The pensions regulator De Nederlandsche Bank would prefer pension funds with a shortfall of their financial reserves to gradually recover, rather than to base this process on discounting the pension claims of their participants, consultants have suggested.
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News
Pensions sector rejects recovery term age proposal
[15:00 CET 21-01] NETHERLANDS - The Dutch pension sector has revealed it is far from enthusiastic about proposals from the ministry of Social Affairs which would give underfunded pension funds leeway on the deadline for recovery plans if they agree to raise the official retirement age of 65.
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News
Dutch pensions fell 10% in nine months
[16:15 CET 20-01] NETHERLANDS - The combined pension assets of Dutch pension funds and life insurers dropped 10% during the first three quarters of 2008, Statistics Netherlands has revealed.
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News
Recovery rules may force premiums up
[16:15 CET 19-01] NETHERLANDS - Pension funds could be forced to increase their pension contributions further in a bid to meet the recovery plans rules of regulator De Nederlandsche Bank, consultancy firm Hewitt Associates has suggested.
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News
Strategic hedge keeps Rabo scheme funding high
[14:30 CET 16-01] NETHERLANDS - The €10bn pension fund of financial giant Rabobank has kept its cover ratio far above the required funding, thanks to an extensive strategic hedge.
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News
Dutch accounting rules to relieve companies
[16:35 CET 15-01] NETHERLANDS - The Dutch Accounting Standards Board (RJ) has adjusted its guidelines for pension accounting at non-listed companies, in a bid to slow down the trend of firms changing to defined contributions (DC) plans.
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News
Pharmacists’ pension prescribes 2% indexation
[15:45 CET 12-01] NETHERLANDS - The €1bn pension fund for pharmacies’ staff (PMA) has granted all its participants an indexation of 2% for 2009.
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NewsDutch regulator sticks to liability measure
[16:45 CET 08-01] NETHERLANDS - Pensions regulator De Nederlandsche Bank told pension funds today it will not reconsider the way pension funds have to calculate their liabilities.
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News
KLM schemes split on indexation
[16:00 CET 07-01] NETHERLANDS – Two of the three pension funds of Dutch airline KLM will grant their participants a full indexation for 2009.
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News
Dutch midwives get 2% indexation
[16:00 CET 05-01] NETHERLANDS - The €142m pension fund for midwives has granted its participants an indexation of 2% for 2009 despite a cover ratio of 101%
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News
Delta Lloyd scheme grants full indexation
[15:30 CET 23-12] NETHERLANDS - The €1.4bn pension fund of insurer Delta Lloyd Group has granted its participants full indexation for 2009.
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News
VB to look into its members’ costs
[15:15 CET 23-12] NETHERLANDS - The Dutch association of industry-wide pension funds (VB) has commissioned a study into the costs of its 82 members in a bid help affiliated schemes compare the charges they incur.
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News
ABP and PFZW skip indexation
[16:35 CET 22-12] NETHERLANDS - Neither the large civil service pension fund ABP nor healthcare scheme PFZW will grant their participants an indexation payment for 2009.
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News
DNB hints at change to liability discounting
[16:45 CET 19-12] NETHERLANDS - Dutch pensions regulator De Nederlandsche Bank has hinted it might reconsider the way pension funds must calculate their liabilities.
