All articles by Leen Preesman – Page 103
-
News
Vervoer applies TAA but divests 'activist' hedge funds
[16:00 CEST 16-09] NETHERLANDS - The €6.4bn pension fund for private road transport has allocated to a tactical asset allocation strategy, as well as investing in commodities and infrastructure in its bid to adjust to changed market conditions.
-
NewsPhilips’ scheme doubles alternatives allocation
[15:30 CEST 08-09] NETHERLANDS - The €13bn pension fund electronics giant Philips has considerably increased its allocation to alternatives, in order to better cope with the changed market conditions.
-
News
Dividends generate €4.9bn for Dutch schemes - DNB
[17:00 CEST 02-09] NETHERLANDS - Dutch pension funds received €4.9bn in dividends on their listed equity investments between April 2007 and March 2008, De Nederlandsche Bank has reported.
-
News
Inflation hedge pumps up Hoogovens pension
[16:25 CEST 02-09] NETHERLANDS - The €5.1bn pension fund of steelworks Hoogovens/Corus has managed to keep its funding ratio almost unchanged despite the market turmoil during the first six months, thanks mainly to the positive effects of its inflation hedge.
-
News
Dutch encouraged to postpone state pension with higher payout
[15:45 CEST 01-09] NETHERLANDS - Dutch citizens are being offered the opportunity to postpone their state pension AOW by a maximum of five years in return for a higher benefit payout.
-
News
PNO dips below cover ratio despite commodities growth
[14:00 CEST 29-08] NETHERLANDS – The €2.8bn pension fund PNO Media saw spectacular returns of 41.4% on its investment in commodities in the first half of this year, but it was not enough to prevent the fund from falling below the minimum required cover ratio.
-
News
Eureko says yet to resolve PZU dispute
POLAND – Eureko officials have revealed its long-running dispute with the Polish government on the acquisition of shares in state-owned insurer PZU has yet to be resolved, despite previously stating it aimed to agree a deal by June.
-
News
KAS Bank’s custody income hit by markets
[15:45 CEST 28-08] NETHERLANDS - KAS Bank saw its income from custody and investment management services decrease by 14% to €14m in the first six months of 2008, mainly because lower market prices forced a drop in value of assets under custody.
-
News
Proposed accounting rules to relieve Dutch companies
[15:00 CEST 27-08] NETHERLANDS - The Dutch Accounting Standards Board (RJ) has issued new guidance, which it is hoped will slow the trend of companies changing their pension arrangements into defined contribution plans.
-
News
Dutch schemes are 'weathering the storm'
[16:50 CEST 26-08] NETHERLANDS - Dutch pension funds have survived the market turbulence well so far and should be capable of withstanding further financial blows without jeopardising their financial commitments, Social Affairs minister Piet Hein Donner has suggested.
-
News
Pension bodies oppose pensioners’ increased say
[14:00 CEST 26-08] NETHERLANDS - Pension fund representative organisations say they are disappointed to discover MPs have put forward a ‘hidden’ element of proposed legislation which would give pensioners increased say in pension schemes’ governing bodies.
-
News
Brick industry pensions switch to Cordares
[13:00 CEST 22-08] NETHERLANDS - The three pension funds of the brick-manufacturing industry have chosen pensions provider Cordares as their new pension administrator.
-
News
Pension bodies propose new indexation label
[16:50 CEST 20-08] NETHERLANDS – Pension fund representative bodies have presented a new design to social affairs’ minister Piet Hein Donner which they hope will replace the controversial design for the Netherlands’ planned indexation label.
-
News
Value transfer communication needs improving - AFM
NETHERLANDS - The Dutch Financial Markets Authority (AFM) has warned pension providers need to improve their communications to individuals about pension participants’ rights when they move jobs.
-
News
Revalued property drags ING figures down
[15:15 CEST 13-08] NETHERLANDS - A revaluation of its Summit portfolio in Canada was the main contributor to an €180m after-tax loss for ING’s property investments in the second quarter of this year, the Dutch bancassurer has revealed.
-
News
IBM’s dollar hedge keeps returns up
[16:10 CEST 07-08] NETHERLANDS - The €3.1bn pension plan of IBM Netherlands managed to achieve an overall return of 4.5% thanks to its currency hedge against the US dollar.
-
News
BPF Schilders sticks with underperforming managers (amended)
[16:20 CEST 05-08] NETHERLANDS - The €3.5bn pension fund for the painting, finishing and glazing sector said last year’s disappointing performances of external managers will not automatically lead to the termination of contracts.
-
News
Allow pensioners on all schemes’ boards – MPs
[16:15 CEST 01-08] NETHERLANDS - Dutch MPs have tabled an amendment of the Pension Act giving pensioners of industry-wide schemes an equal say on the board, like their fellow pensioners of company pension funds.
-
News
PMA keeps cover ratio to 185%
[15:45 CEST 31-07] NETHERLANDS - The €1.1bn pension fund for pharmacies’ staff PMA has managed to maintain a cover ratio of approximately 185%, despite experiencing a 23 percentage point drop in the first half of 2008.
-
News
Market turmoil impacts little on SBZ’s cover ratio
[15:45 CEST 29-07] NETHERLANDS - The €2.6bn pension fund for care insurers SBZ closed the first half of 2008 with a funding ratio of 145% - down only three percentage points from the year-end.
