All articles by Leen Preesman – Page 112
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News
Misset scheme to join PGB
[11:00 CEST 17-08] NETHERLANDS - The pension fund of printing company C. Misset will join the €10bn industry-wide pension scheme for the printing industry PGB next year, it announced.
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Pensions' mortgage portfolios reach €33bn - DNB
[16:30 CEST 16-08] NETHERLANDS - Dutch pension funds and insurers have combined mortgage capital business on outstanding home loans worth €33bn, or 6% of the national market, regulator De Nederlandsche Bank has announced.
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FJAs to claim US tax benefits collectively
[16:45 CEST 15-08] NETHERLANDS - Changes in cross-border tax processing means closed Dutch funds for joint accounts (FJAs), in which pension funds are the sole participants, should now find it easier to claims US dividend tax benefits, the Dutch Finance Department has said.
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Robeco beats F&C to 130/30 Europe
[11:00 CEST 07-08] NETHERLANDS - Robeco is launching a ‘short-extension’ European equities fund which promises a “high return” by making extended use of derivatives.
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Medical scheme to guarantee 3% indexation
[16:00 CEST 02-08] NETHERLANDS - The €5bn occupational pension for medical consultants SPMS will guarantee its participants a yearly indexation of at least 3%, it has announced.
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Hedge funds eye Dutch investment vehicle - adviser
[15:30 CEST 01-08] NETHERLANDS - A “considerable” number of hedge funds and other investment funds mare considering a move to the Netherlands, in order to benefit from the new tax-free investment vehicle VBI, suggest industry experts.
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Levensloop and spaarloon should merge - Bovenberg
[17:00 CEST 31-07] NETHERLANDS - The tax-friendly saving schemes ‘spaarloon’ and ‘levensloop’ should be merged into a wider and robust savings facility for periods with less income, according to experts.
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Joint venture strengthens Aegon’s foothold in Spain
[11:00 CEST 31-07] SPAIN - Aegon has strengthened its foothold in the Spanish pensions and life insurance market by agreeing to establish a joint venture with savings bank Caja Cantabria.
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Dutch schemes recall Fortis’ securities for ABN vote
[17:00 CEST 30-07] NETHERLANDS - Dutch pension funds are recalling their loaned securities in Fortis Bank to prevent activist hedge funds benefiting from the implicit voting rights on Fortis’ bid for ABN Amro.
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Building industry’s fund to reveal investments
[15:30 CEST 27-07] NETHERLANDS - The €25bn industry-wide pension fund for the building industry BPF Bouw is to publish its equity investments to increase transparency.
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ABP and PGGM want returns in sustainable investment
[11:00 CEST 26-07] NETHERLANDS - ABP and PGGM, the largest pension funds in the Netherlands, say they expect to see real returns on investments in sustainability and social causes.
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SBZ reduced property stake by one-third
[15:30 CEST 23-07] NETHERLANDS – SBZ, the industry-wide pension fund for care insurers, said it has decreased its investments in property by 5% to 10% of its total portfolio and will focus its immediate attention on Dutch direct real estate.
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Equity gives PMT and SPF positive returns
[16:50 CETS 20-07] NETHERLANDS - The industry-wide pension fund for the metalworking and mechanical engineering PMT has made a modest return of 1.4% during the second quarter.
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West Midlands awards ING £560m property mandate
UK - The £7.8bn (€11.6bn) West Midlands Metropolitan Pension Fund has awarded ING Real Estate a £560m advisory mandate to manage its UK direct property portfolio.
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Major Dutch schemes boosted by interest rates
[16:00 CEST 19-07] NETHERLANDS - The coverage ratio of the largest Dutch pension funds has risen considerably in the last six months thanks to an increase in long-term interest rates and a resulting drop in liabilities.
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KLM schemes move into UK corporate bonds
[16:30 CEST 17-07] NETHERLANDS - The KLM pension funds for cabin staff and flying personnel have allocated 5% of their fixed income portfolios to long-term UK corporate bonds.
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Indexation label faces six-month delay
[16:00 CEST 17-07] NETHERLANDS - The introduction of the indexation label will be delayed by half a year until July 2008, Social Affairs’ minister Piet Hein Donner has said.
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Shell pension fund to pay full indexation
[10:00 CEST 10-07] NETHERLANDS - The €18.5bn pension fund of oil giant Shell said it will pay its 37,500 participants a full indexation of 1.6% as of 1 July.
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Schemes ‘slow to introduce governance rules’
[12:00 CEST 09-07] NETHERLANDS – Dutch pension funds are struggling with the introduction of new governance rules, according to a KPMG Financial Services study.
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Pensions sector satisfied with supervisor covenant
NETHERLANDS - The Dutch pensions sector has revealed it is satisfied with the new covenant of cooperation between the two supervisors DNB and AFM.