All articles by Leen Preesman – Page 106
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News
Donner pushed ahead with 'unclear' indexation label
[16:20 CEST 16-04] NETHERLANDS - Social Affairs’ minister Piet Hein Donner has decided to go ahead with the present design of the indexation label, despite broad criticism from the pension funds about its clarity.
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PGGM to focus on inflation-linked investments
[16:00 CEST 15-04] NETHERLANDS - PGGM, the asset manager of the €88bn healthcare pension fund ‘Zorg en Welzijn’ (PFZW), will increase its focus on inflation-linked investments in order to stay on top of inflation.
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Direct property is class winner for SPOV
[16:25 CEST 14-04] NETHERLANDS - Direct property was the best returning asset class of the €2.4bn pension fund for public transport SPOV in 2007, generating a return of 11.4%.
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Pension bodies move towards "federation"
[13:05 CEST 10-04] NETHERLANDS - VB, OPF and UvB, the Dutch pension fund lobbying organisations, have agreed to intensify their cooperation – a move which may result in the creation of a “federation”.
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VastNed forced to reconsider takeover
[11:30 CEST 10-04] NETHERLANDS - VastNed Retail, the €1.8bn property fund, has been forced by majority shareholders, such as pensions investor PGGM, to re-consider its initial refusal to a takeover bid.
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Dutch gov’t to reward longer working life
[11:00 CEST 08-04] NETHERLANDS - Employees who work beyond the official Dutch retirement age of 65 will receive an increase to their state pension AOW, according to a plan being considered by social affairs minister Piet Hein Donner.
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PGGM and ABP to disclose investments
[[11:30 CEST 07-04] NETHERLANDS - The two large Dutch pension funds, ABP and PFZW, will in future disclose all of the investments they hold.
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Dutch schemes drop below 105% funding
[15:30 CEST 04-04] NETHERLANDS - Recent market turmoil has driven the coverage ratio of some pension funds to below 105%, pension regulator De Nederlandsche Bank has revealed.
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Appeal court upholds ABP and PGGM fines
NETHERLANDS – A court ruling has stated the over €1.3m in fines imposed on ABP and PGGM for illegally promoting the ‘levensloop’ or life course scheme, by pension regulator De Nederlandsche Bank, are final.
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News
Private equity turns into SPF’s runaway train
[16:15 CEST 03-04] NETHERLANDS - Private equity was the best returning asset class of the €12bn railways pension fund SPF, as the sector delivered 27.7% last year.
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Average salary schemes could lose out to DC
[16:20 CET 31-03] NETHERLANDS - Pension provider Centraal Beheer Achmea and consultancy Mercer claim average salary arrangements could lose their attraction to employers after the demise of final salary schemes and pave the way for the growth of defined contribution schemes.
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Indexation label enters choppy waters
[16:00 CEST 31-03] NETHERLANDS - An indexation label, designed to give consumers clarity about future pensions indexation, is in trouble because several members of the preparatory committee have serious objections against its present draft.
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PGGM allocates €200m to microfinance
[13:30 CET 28-03] NETHERLANDS - PGGM, asset manager to the €88bn healthcare and social welfare scheme Pensioenfonds Zorg en Welzijn (PZW), has entered the microfinance market by allocating no less than €200m to this asset class for the next two to three years.
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News
Interest hedge lowers SPW returns
[15:30 CET 27-03] NETHERLANDS – Hedging the interest rate risks of its liabilities, combined with the rising interest rates, seriously affected last year’s returns at the €4.7bn building corporations pension fund SPW.
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Bank savings cheaper than personal pensions - Consumentenbond
[16:10 CET 26-03] NETHERLANDS - The new tax-friendly ‘bank savings products’ to be used as a pension are considerably cheaper than third pillar pensions sold by insurers, the consumers’ body Consumentenbond has claimed.
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News
Alternatives oil Shell pension's success
[16:30 CET 25-08] NETHERLANDS - The €19.2bn Dutch pension fund of oil giant Royal Dutch Shell beat its internal benchmark by 0.1% and achieved overall returns of 5.9% during 2007, despite the impact of the credit crisis.
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News
Snippe resigns from Philips scheme’s board
[16:30 CET 14-03] NETHERLANDS - Jan Snippe, member of the management board of the €14.6bn Philips pension fund has resigned, a company spokesman has confirmed.
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News
Entity change subject to DNB approval - Donner
NETHERLANDS - The transition of a pension fund foundation into another entity will become subject to approval of the pensions regulator DNB, social affairs’ minister Piet Hein Donner has confirmed.
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News
PGB starts SRI portfolio with green entry
[15:30 CET 12-03] NETHERLANDS – PGB, the €10bn pension fund for the printing industry, has placed €25m in renewable energy, as the opening investment of a socially-responsible investment (SRI) portfolio.
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News
Employers seek pensions system review
[16:55 CET 10-03] NETHERLANDS - Dutch employers say a thorough deregulation of the pension system, including the present arrangements for indexation, is required to counter increasing risks and costs for companies.