All articles by Leen Preesman – Page 101
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News
APW expands inflation bonds margin
[18-12] NETHERLANDS - The €678m pension fund of media company Wegener (APW) has widened the investment window for inflation-linked bonds, as part of a recovery plan to tackle underfunding.
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BPF Schilders postpones indexation
[15:35 CET 16-12] NETHERLANDS - BPF Schilders, the pension fund for the painting, glazing and finishing sector, will not grant its members an indexation payment in the short-term, but will reconsider its decision next summer.
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Railways scheme to pay 2% indexation
[17:00 CET 15-12] NETHERLANDS - The €10bn railways pension fund SPF will be the first large pension fund to pay its 74,000 participants an indexation for 2008.
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News
Pensions market pushes for private equity self-regs
[15:30 CET 12-12] NETHERLANDS - Mn Services, the €65m service provider for the large metal pension schemes PME and PMT, has initiated a drive for increased self-regulation by private equity firms and hedge funds and delivered key recommendations through a consultation with the industry.
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Listed firms may need to plug deficits
[15:45 CET 10-12] NETHERLANDS - Listed companies with defined benefit pension arrangements may have to fork out millions of euros to make up for the present shortfall of their company schemes, analysis by SNS Securities has suggested.
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PMT halts indexation and raises subs
[16:10 CET 05-12] NETHERLANDS – PMT, the giant pension fund for metal workers, has announced it will not grant its participants any indexation in 2009 because of its considerable funding shortfall.
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NewsPension funds see cover ratio fall to 95%
[16:30 CET 04-12] NETHERLANDS - The average cover ratio of Dutch pension funds dropped to approximately 95% this week because of a steep decrease in long-term interest rates, Hewitt Associates has suggested.
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Cleaners' scheme appoints Cordares
[15:10 CET 03-12] NETHERLANDS - Pensions provider Cordares has been chosen as the new administrator for the €1.35bn industry-wide pension fund for the cleaning and window cleaning sector.
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NewsPNO Media's cover ratio falls to 95%
[16:15 CET 02-12] NETHERLANDS - The €2.5bn pension fund PNO Media has seen its cover ratio drop by 25% so far this year, leading to a funding ratio of 95.1% at the end of October - far below the critical level of 105% at which the fund must tell regulators ...
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News
ABP raises contribution by 0.4%
[16:50 CET 28-11] NETHERLANDS - ABP, the €190bn civil service pension scheme, will raise pension contributions by 0.4% of participants’ salaries next year.
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News
Late UPOs could trigger AFM sanctions
[16:35 CET 28-11] NETHERLANDS - Pension providers and insurers risk “formal measures” from communications supervisor AFM if they do not send out their 2008 uniform pension statements this year.
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SBZ sees funding fall further
[16:10 CET 27-11] NETHERLANDS - SBZ, the €2.2bn pension fund for care insurers, has seen its funding level fall to 102.5% this week, on the back of increasing liabilities attached to long-term interest rates.
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AFM has asked insurers to step up advice
[14:00 CET 25-11] NETHERLANDS - Pension supervisor AFM has told insurers to "maximise their duty of care" when advising individual defined contribution pension policyholders about their freedom of choice when investing.
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News
Dutch given option to delay state pension
[12:30 CET 20-11] NETHERLANDS - Dutch citizens will be given the opportunity to delay receiving their state pension AOW for up to five years, in return for a higher benefit payout.
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News
Three months grace on indexation label
[16:45 CET 18-11] NETHERLANDS - The Financial Markets Authority, the supervisor for pensions communication, has revealed funds will be given three months' leeway on the introduction of the indexation label while they cope with ongoing turmoil in the financial markets.
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News
Pension fund governance missing target says OPF
[13:00 CET 14-11] NETHERLANDS - Pension fund governance is going too far and causing serious problems in decision-making and staffing, according to the Foundation for Company Pension Funds (OPF).
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News
No state aid for ailing Dutch schemes
[15:40 CET 13-11] NETHERLANDS – The Dutch minister of finance Wouter Bos today said that pension funds with liquidity problems should not expect any financial help from the Dutch government.
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NewsDutch govt supports pension umbrella proposal
[15:30 CET 12-11] NETHERLANDS - Social Affairs minister Piet Hein Donner is willing to change the Pension Act to enable cooperation between different small company pension funds within an umbrella scheme.
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NewsDutch port workers to snub Optas pension offer
[15:40 CET 11-11] NETHERLANDS – Dutch harbour workers are unlikely to accept the recent offer of €350m towards their pensions from insurer Optas Foundation, according to workers’ representatives.
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News
Philips scheme returns 0.4% in third quarter
[16:40 CET 07-11] NETHERLANDS - The pension fund of electronics giant Philips returned 0.4% on its investments in the third quarter thanks to its ‘risk-aware’ investment policy, officials have claimed.
