All articles by Leen Preesman – Page 104
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News
SPMS returns –4.9% in first half
[11:00 CEST 24-07] NETHERLANDS - The €5.2bn pension fund for medical consultants SPMS suffered market turbulence in the first half of this year, like many other pension funds, and saw its return drop –4.9% as a result.
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Elsevier scheme drastically alters asset mix
[15:30 CEST 22-07] NETHERLANDS - The €500m pension fund of publisher Elsevier has decided to drastically change its strategic asset mix, in order to be better prepared for the present market conditions.
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News
TNT doubles allocation to inflation-linked debt
[15:05 CEST 18-07] NETHERLANDS - The TNT postal fund has doubled its allocation to inflation-linked bonds at the expense of EMU government paper.
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NewsHedge change costs Rabo scheme 65% of returns
[12:13 CEST 16-07] NETHERLANDS – The €10bn pension fund of Rabobank lost 3.1% of its overall return last year thanks to a change of its hedge to protect its cover ratio.
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News
KPN to base benefits rise on prices not wages
[15:44 CEST 15-07] NETHERLANDS - The €3.4bn pension fund of telecoms giant KPN has decided to change its policy on inflation-linked benefits from 80% of the salary index to 100% of the price index.
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NewsVolkerWessels unable to increase inflation hedge
[12:11 CEST 14-07] NETHERLANDS - The €850m pension fund of building company VolkerWessels won’t be able to raise its 70% hedge of European inflation, because of disappointing returns on investments last year.
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PGB’s commodities net 47.2%
[16:32 CEST 11-07] NETHERLANDS - With returns of 47.2%, alternatives were the best performing asset class in 2007 for the €9.8bn pension fund of the printing and publishing industry PGB.
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Dutch scheme assets drop to €793bn
[16:21 CEST 11-07] NETHERLANDS - Total liabilities of the Dutch pensions sector decreased by €14bn in 2007 thanks to the rise in interest rates, according to pensions regulator De Nederlandsche Bank.
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News
Dutch dentists sack WP Stewart
[13:00 CEST 10-07] NETHERLANDS - SPT, the €1.3bn pension fund for dentists and dental specialists, has terminated its mandate with equity manager WP Stewart due to disappointing returns.
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News
Netherlands UWV to evaluate equity managers
[13:30 CEST 10-07] NETHERLANDS - The €3.4bn pension fund of the social security provider UWV is reviewing the managers of its equity mandates following disappointing returns.
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News
Stork pension misses its benchmark
[15:00 CEST 09-07] NETHERLANDS - The €2.5bn pension fund of industrial conglomerate Stork saw an negative return of –0.3% on investments in 2007 - 1% short of its benchmark.
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Ahold scheme returns compensated by rising rates
[13:00 CEST 08-07] NETHERLANDS - Despite disappointing returns of 0.3%, the cover ratio of the €2.2bn pension fund of food retailer Ahold increased to almost 170% thanks to rising interest rates last year.
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SPW has negative first quarter return
[15:40 CEST 04-07] NETHERLANDS - SPW, the €4.6bn pension fund for housing corporations, reported a negative return on investments of –4.5% during the first quarter.
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News
KLM schemes check into emerging markets debt (amended)
[16:00 CEST 03-07] NETHERLANDS - The three KLM pension funds, with combined assets of €12.7bn, have started to invest in local currency emerging markets debt, in order to diversify their fixed income portfolios.
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News
Progress to focus on fixed income
[16:00 CEST 02-07] NETHERLANDS - Progress, the €4bn Dutch arm of and home care Unilever will focus its fixed income investments on emerging markets, euro credits and very long-term bonds.
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News
Philips scheme sees continued negative return
[15:30 CEST 01-07] NETHERLANDS - The Philips pension fund saw a further drop of its assets and a decrease of its cover ratio as a result of negative returns of –1.7% during the first quarter.
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Dutch government rejects raising retirement age
[15:30 CEST 30-06] NETHERLANDS - The Dutch government has rejected calls to raise the official retirement age and stated it would prefer to motivate people to work until they reach age 65.
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News
KPMG places new DC scheme with Aegon
[15:50 CEST 13-06] NETHERLANDS - Financial consultant KPMG has contracted insurer Aegon to manage its pension scheme and, at the same time, has changed its arrangements for active participants from defined benefit to defined contributions.
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NewsGTAA created 26% loss for Provisum
[15:15 CEST 09-06] NETHERLANDS - The €1.2bn pension scheme Provisum has revealed investment models which could not deal with the volatility in the financial markets last year caused negative returns of -26% on investments in Global Tactical Asset Allocation (GTAA).
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News
Pension buffers protected from credit impact - Donner
[11:00 CEST 06-06] NETHERLANDS - The legally required financial buffers for pension funds have been adequate in preventing shortfalls as a consequence of the credit crisis, according to social affairs minister Piet Hein Donner.
