All articles by Leen Preesman – Page 118
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News
Cordares eyes international property pooling
REAL ESTATE - Pensions provider Cordares says it’s considering setting up direct real estate pooled funds with pension funds abroad as a way to diversify risks.
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News
Dutch print fund in 1.5% index move
NETHERLANDS - The €7.6bn pension fund for the printing industry, PGB, will apply an indexation of 1.5% to pension rights and benefits as of January 1 2007, it has announced.
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News
PGGM closer to asset management-admin split
NETHERLANDS - The board of PGGM, the €74.4bn Dutch healthcare scheme, has officially decided to investigate the options of separating its asset management and administration from its pension fund.
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News
Hoogovens scheme assets decline by €132m
NETHERLANDS - The €5.2bn pension fund of steel producer Hoogovens has unveiled third-quarter returns of 6.1%, totalling -0.1% over 2006 so far – leading to a more than €130m fall in assets.
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News
SBZ seeks fiduciary manager for €2.3bn
NETHERLANDS - The € 2.3bn pension fund for care insurers SBZ says it is in the process of selecting a new external asset manager.
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News
PGGM names external audit committee members
NETHERLANDS - PGGM, the €77bn Dutch healthcare scheme, has named three external members on its audit committee, as a consequence of the new Pension Fund Governance Principles.
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News
Aegon acquires Polish pensions provider
POLAND - Aegon has agreed to acquire MunichRe’s Polish pensions subsidiary Ergo Hestia for an undisclosed sum.
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News
Dormant Dutch dentists’ scheme unchanged
NETHERLANDS - The board of the professional pension fund for dentists and dental consultants SPF is aiming to provide for future indexation but proposes to leave the scheme unchanged.
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News
Lloyds TSB to use Ortec’s ALM software
EUROPE - Lloyds TSB Group will carry out risk analysis for pension schemes with PALM, the asset liability management software from Ortec, the software developer and consultancy has announced.
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News
Two-thirds of Dutch institutional assets now invested abroad
The Netherlands - Two-thirds of Dutch institutional investors’ assets of €1,069bn has been invested abroad, Statistics Netherlands has disclosed.
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News
Bolkestein slams Dutch funds over cross-border
NETHERLANDS - Dutch pension funds are endangering themselves by failing to take over company pension funds abroad, former EU commissioner Frits Bolkestein has said.
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News
Kempen chairman Wiet Pot steps down
THE NETHERLANDS - Wiet Pot, board chairman of merchant bank Kempen & Co has stepped down with immediate effect, the bank’s supervisory board has announced. He has been chairman at Kempen since 2004.
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Features
Co-operation is the way forward
As accounting rules tighten, more legislation is introduced and investment becomes more complex, a growing number of Dutch pension funds are contracting out their asset management and administration. Two leading providers of pension fund management services – Cordares and Mn Services – have responded to these developments by pooling their expertise. Leen Preesman and David White talk to the architects of this alliance
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Features
Hedge funds - assets or asset strippers?
Are hedge funds really locusts stripping Dutch companies of their assets or are they a source of rich returns to the pension funds that invest in them. Leen Preesman reports on an increasingly acrimonious debate between Dutch unions and pension funds
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Features
Factoring ageing into pensions
Pension funds have already taken account of the problems of ageing, according to the Netherlands’ largest pension fund. Yet policymakers are arguing for later retirement or taxes on pensioners. Leen Preesman reports on the growing controversy
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News
Parliament majority supports extending levensloop
NETHERLANDS – A majority of the Dutch parliament supports the extension of the tax-friendly ‘levensloop’ life-course scheme.
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News
Dutch metal schemes discuss €51bn co-operation
NETHERLANDS – The Dutch metalworking industry is in discussions about closer co-operation, which could result in a new €51bn pensions provider, the industry-wide Pension Fund for the Metal and Electro-technical Engineering Industry, according to Metalektro, one of those heavily involved.
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News
Dutch postal scheme returns 5.1%
NETHERLANDS - Returns on equity and fixed income have largely contributed to returns of 5.1% of postal provider TNT’s pension fund during the third quarter, it announced.
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News
SPF offers assistance to small schemes
THE NETHERLANDS - SPF Beheer has offered ‘collegial’ assistance to small pension funds, which want to remain independent, it announced.
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News
Dutch associations call for governance principles
NETHERLANDS - The three Dutch pension associations have asked Social Affairs minister Aart Jan de Geus to introduce the principles for pension fund governance and the participation covenant as of January 1 2008, as initially agreed.
