All articles by Leen Preesman – Page 124
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Features
Dutch Treasury not to issue index-linked bonds
The Dutch State Treasury Agency won’t issue index-linked bonds in the near future, it said in its outlook for 2006. At present, index-linked bonds are not attractive as an instrument for state financing, because they might increase the effect of inflation on the budget, instead of neutralising it, it explained. ...
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News
TNO scheme returns 17.5%
NETHERLANDS - The pension fund of technical research institute TNO has made returns on investments of almost 17.5%, it said in a statement on its provisional results.
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News
Pension premiums can't keep going up - Zalm
NETHERLANDS - Pension contributions cannot be raised indefinitely in order to offset the effects of fluctuations in returns on assets, inflation and longevity, says Dutch finance minister Gerrit Zalm.
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PME leads Dutch funds’ 2005 returns
NETHERLANDS – Dutch industry-wide pension fund PME, the industry-wide Metalektro fund, posted a 19% overall yield in 2005, its highest-ever returns and the highest among the sectoral funds for the second consecutive year. Its fourth-quarter 2005 return was 2.6%.
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News
AG tells actuaries to mark-to-market - now
NETHERLANDS - Actuaries assessing the financial position of pension funds and insurers should already be doing so based on the actual market rate, instead of the fixed accounting rate of 4%, the Actuarial Society (AG) has told its 750 members.
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Banks not cheaper on annuities – Aegon director
NETHERLANDS - Suggestions that banks can offer deferred annuities for pensions much cheaper than insurers is ‘pure nonsense’, says Fred Romijnsen, a director of insurer Aegon.
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News
Banks not cheaper on annuities – Aegon director
NETHERLANDS - Suggestions that banks can offer deferred annuities for pensions much cheaper than insurers is ‘pure nonsense’, says Fred Romijnsen, a director of insurer Aegon.
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Netherlands have met Directive’s requirements
NETHERLANDS - Approval by the Dutch Senate of national legislation for enforcing the EU Directive on occupational pension funds means that the Netherlands has now met its obligations under EU rules to enshrine the Directive in its own laws.
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Volker Wessels pension scheme moves to DC
NETHERLANDS - Dutch building firm Koninklijke Volker Wessels Stevin says the new IFRS accounting rules are the main reason for moving its pension scheme to a defined contribution (DC) basis.
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News
Railways fund SPF switches to DC
NETHERLANDS – SPF, Holland’s industry-wide railways pension fund, has changed from defined benefit to collective defined contribution.
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WM names Van Boeijen as relationship manager
NETHERLANDS – WM Performance Services has appointed Rob van Boeijen as senior relationship manager.
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Dutch Investment funds short off benchmark
NETHERLANDS – The returns of the most important investment funds of the top five Dutch providers have fallen short of their long-term benchmarks over the past five years, according to local newspaper Het Financieele Dagblad.
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Survey says Dutch funds mulling collective DC
NETHERLANDS – Some 40% of Dutch companies want to change their pension arrangements from a defined benefit to a collective defined contribution scheme within five years, according to a KPMG survey.
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News
ABP, PGGM sued by Dutch insurers
NETHERLANDS - The Dutch Association of Insurers says it has initiated a court case against the large pension funds PGGM and ABP for promoting the levensloop, or life course, products of their subsidiaries to their members.
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Pensions tax obstacle diminishing, says official
EUROPE – Taxation as an obstacle to pan-European pension funds is gradually diminishing, according to a senior tax official at the European Commission.
