All articles by Leen Preesman – Page 81
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NewsDutch roundup: SPF, SPOV, Dutch Antilles, Syntrus Achmea
NETHERLANDS – The €11bn railways scheme SPF and the €2.5bn public transport scheme SPOV have abandoned the salary index as a standard for their policy of conditional indexation.
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NewsDutch Federation to reveal schemes facing benefits cuts
NETHERLANDS – The Dutch Pension Federation, aiming to keep pension fund participants better informed, has said it will publish next month a list of those pension schemes that are likely to cut benefits in 2012.
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News'Misled' investors file class action against Fortis
GLOBAL – A new foundation, Investor Claims against Fortis, has started legal proceedings in the Netherlands against the former bancassurer Fortis for "misleading investors", which it claims led to combined losses of €2bn.
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NewsDutch schemes falling short on SRI implementation, says VBDO
NETHERLANDS – The majority of Dutch pension funds with sustainable investment policies in place fell short in their implementation last year, the lobbying organisation VBDO has suggested.
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NewsNetherlands launches national Pension Register for citizens
NETHERLANDS – Social affairs minister Henk Kamp has launched the national Pension Register in the Netherlands, giving every Dutch citizen an online overview of his or her accrued pensions at both pension funds and insurers.
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NewsKLM pension schemes buck trend to grant full indexation
NETHERLANDS – All three of KLM's pension funds have said they will grant indexation on 1 January 2011, following improved coverage ratios during the past quarter.
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NewsAPG makes joint bid for ING's €1.9bn Australian property fund
NETHERLANDS – The €266bn Dutch asset manager APG is part of a syndicate bidding for a €1.9bn ING property fund.
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NewsBakers' scheme replaces Syntrus Achmea due to concerns over accuracy
NETHERLANDS – The €2.2bn industry-wide pension fund for the bakery sector has replaced administrator Syntrus Achmea with TKP, following several years of unhappiness with its performance.
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NewsPGGM appointed by Dutch culture fund, buys former provider
NETHERLANDS – The €400m pension fund for workers in the arts and culture sector, Pensioenfonds Cultuur, has appointed PGGM as its pension provider.
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NewsOfficial Dutch longevity predictions undercut actuaries
NETHERLANDS – Statistics Netherlands (CBS) has estimated a less drastic increase in longevity for the Dutch population than previously forecast by the Actuarial Society (AG).
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NewsDutch workers prefer guaranteed pension over current retirement age, says DNB
NETHERLANDS – Workers are willing to pay much higher contributions for a guaranteed pension, a survey by pensions regulator De Nederlandsche Bank (DNB) has suggested.
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NewsMn Services to sue RBS in UK over sub-prime losses
EUROPE – The €69bn Dutch asset manager and pensions provider Mn Services says it will file a lawsuit against the Royal Bank of Scotland (RBS) for damages in wake of the sub-prime montage crash.
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NewsDutch schemes failing to comply with governance code
NETHERLANDS – Dutch pension funds are doing too little to comply with the corporate governance code, according to the code's monitoring committee.
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NewsDutch pension funds now hold more than €675bn in assets
NETHERLANDS – The combined assets of Dutch pension funds have grown from €649bn at year-end 2009 to €675bn during the third quarter, with €300bn allocated to fixed income and €216bn invested in equity, according to financial supervisor De Nederlandsche Bank (DNB).
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NewsDutch political party reports Smit board for 'defrauding' pension fund
NETHERLANDS – 50PLUS, a new Dutch political party for the elderly, has reported three board members at maritime services company Smit Internationale to the public prosecutor for defrauding its own pension fund.
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Interest hedge lifts SPW's third-quarter return to 8.2%
NETHERLANDS – SPW, the €6bn pension fund for Dutch housing corporations, returned 5.4% on investments and another 3.8% from its interest hedge during the third quarter.
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NewsDutch metal scheme PMT facing benefits cuts
NETHERLANDS – The €37bn Dutch metal scheme PMT is on course to cut pension benefits during the next round of measures, as its current coverage ratio nears the critical level.
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NewsDutch giant PGGM reconsidering companies involved in Israel-occupied territories
NETHERLANDS – PGGM, the asset management of the €98bn healthcare scheme PFZW, is in discussions with "a number" of international companies for being active in the occupied territories in Israel.
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NewsShell scheme bolsters investment governance
NETHERLANDS – The €17bn Dutch pension fund of energy giant Shell has improved its governance through two new appointments and the establishment of an investment committee.
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NewsNotaries scheme to cut pensions
NETHERLANDS – The €721m pension fund for notaries' employees will decrease benefits and accrued pension rights by 2.1% on 1 January 2011.
