All articles by Leen Preesman – Page 107

  • News

    VB behind API if schemes remain mandatory

    2008-03-07T15:30:00Z

    [16:30 CET 07-03] NETHERLANDS - The Association of Industry-wide Pensions Funds (VB) supports the new general pensions vehicle API, if the position of mandatory industry-wide schemes remains fully intact.

  • Aegon’s UK pension sales drop 8%
    News

    Aegon’s UK pension sales drop 8%

    2008-03-06T14:30:00Z

    [15:30 CET 06-03] NETHERLANDS - Aegon’s pensions sales in the UK dropped by 8% to £227m (€297m) during the fourth quarter, driven by lower sales of both group and individual pensions, the insurer said.

  • News

    OPF warns of increased wind-ups prospect

    2008-03-04T15:50:00Z

    [16:50 CET 04-03] NETHERLANDS - The government needs to speed up its plans for modernisation of the Dutch pension system, or it risks increasing the number of collective schemes moving into wind-up, according to the Foundation of Company Pensions Funds (OPF).

  • News

    Delta Lloyd asks €1bn for ABN Amro stake

    2008-02-29T15:00:00Z

    [16:00 CET 29-02] NETHERLANDS – Banking and insurance group Fortis may have to fork out around €1bn if it wants to acquire Delta Lloyd’s 51% stake in ABN Amro’s insurance activities, according to Delta Lloyd chairman Niek Hoek.

  • News

    PGGM shifts €10bn into passive

    2008-02-27T15:05:00Z

    [16:05 CET 27-02] NETHERLANDS - Asset manager PGGM has sacked over a dozen external asset managers for underperformance of their actively-managed portfolios and moved a ninth of its assets into passive management.

  • News

    Optas Foundation refuses to budge on sale proceeds

    2008-02-22T12:00:00Z

    [13:00 CET 22-02] NETHERLANDS - Proceeds of the sale of insurer Optas Group to Aegon, worth €1.3bn are owned by the Optas Foundation, and not by the pension fund for harbour workers BPVH, officials at the foundation have insisted.

  • News

    Eumedion slams corporate governance rules

    2008-02-21T15:00:00Z

    [16:00 CET 21-02] NETHERLANDS - Eumedion, the platform for institutional investors, has rejected most of the proposals in the first drafts of new legislation on shareholders’ rights as unnecessary rules which do not sit well with other EU states’ activity.

  • News

    Pension funds are "legal owners of pension assets"

    2008-02-20T14:30:00Z

    NETHERLANDS - Pension funds are the only owners of pensions assets so legislation is required to prevent pension assets from draining away in the event of mergers, transformation of pension providers or liquidation, according to Dutch pension fund lobby organisations.

  • Dentists' scheme grants 1.6% indexation
    News

    Dentists' scheme grants 1.6% indexation

    2008-02-15T15:15:00Z

    [16:15 CET 15-02] NETHERLANDS - The occupational pension fund for dentists and dentist specialists SPT has granted its participants an indexation of 1.6%.

  • ABP increases microfinance lead
    News

    ABP increases microfinance lead

    2008-02-15T10:00:00Z

    [11:00 CET 15-02] NETHERLANDS – ABP, the €216bn civil service pension fund has increased its lead in the asset class segment with an additional $25m (€17m) investment in the microfinance private equity fund Catalyst Microfinance Investors (CMI).

  • VB appoints Gerard Riemen as director
    News

    VB appoints Gerard Riemen as director

    2008-02-14T15:00:00Z

    [16:00 CET 14-02] NETHERLANDS - The Dutch Association of industry-wide pension funds (VB) has appointed Gerard Riemen as its new director.

  • Wheel and tyre scheme selects Mn Services
    News

    Wheel and tyre scheme selects Mn Services

    2008-02-14T13:30:00Z

    [14:30 CET 14-02] NETHERLANDS - The €150m pension fund for the wheel and tyre industry has chosen pension provider MN Services as fiduciary manager for its assets.

  • Dozens of schemes face recovery plan - Mercer
    News

    Dozens of schemes face recovery plan - Mercer

    2008-02-12T15:15:00Z

    [16:15 CET 12-02] NETHERLANDS - The financial buffers of dozens of Dutch pension funds have dropped below the minimum level set by regulator De Nederlandsche Bank, Mercer has claimed.

  • News

    Equity returns ‘consistently up’ - DNB

    2008-02-07T15:00:00Z

    [16:00 CET 07-02] NETHERLANDS - Dutch pension funds’ returns on direct investments – and on listed companies in particular – have consistently increased since 2006.

  • News

    OPG schemes hires BoNYM

    2008-02-07T13:30:00Z

    [14:30 CET 07-02] NETHERLANDS - The €219m Stichting Pensioenfonds OPG has appointed BNY Mellon Asset Servicing as its global custodian.

  • News

    Dutch schemes could save by commuting benefits - KPMG

    2008-02-06T12:33:00Z

    [13:30 CET 06-02] NETHERLANDS - Dutch pension funds and insurers are missing out on considerable cost savings by choosing not to commute the pensions of deferred participants, the consultancy KPMG has claimed.

  • News

    Unilever scheme grants 4% indexation

    2008-02-05T14:45:00Z

    NETHERLANDS - Progress, the €4bn pension fund of Unilever Netherlands, has granted its active participants an indexation of 4.03% over 2007.

  • News

    Scheme future depends on fraud investigation – Philips

    2008-02-01T14:30:00Z

    [15:30 CET 01-02] NETHERLANDS – Officials at electronics giant Philips say any financial support by the sponsoring company, to fill the shortfall caused by the property fraud at its pension fund, will depend on the outcome of the current investigation into the damage and liabilities.

  • News

    Dutch government 'positive' towards VAT exemption

    2008-01-30T15:00:00Z

    [16:00 CET 30-01] NETHERLANDS - The Dutch government has abandoned its opposition to a proposed EU Directive giving pension funds VAT exemption on management services.

  • Employers wade into disability insurance pensions row
    News

    Employers wade into disability insurance pensions row

    2008-01-28T14:00:00Z

    [15:00 CET 28-01] NETHERLANDS - Employers’ organization VNO-NCW has thrown its weight behind the insurers’ opposition to a proposal allowing pension funds to sell income protection schemes as a disability insurance pension.