All articles by Leen Preesman – Page 83
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NewsDutch pension scheme for dentists to cut benefits by 9%
NETHERLANDS – The €1.4bn occupational pension fund for dentists (SPT) has announced a benefits cut of at least 9% to recover from a funding shortfall.
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NewsDutch Pension Co-operative goes out of business
NETHERLANDS – The Dutch Pension Co-operative – established in 2007 as a joint service provider for pension funds – has gone into liquidation.
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NewsSmit Internationale pension scheme facing more benefits cuts
NETHERLANDS – The €200m pension fund of Dutch maritime service provider Smit Internationale is facing another benefits cut – in addition to the 13.2% discount it already must apply at the end of this year.
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NewsDNB handling of financial assessment framework 'lousy'
NETHERLANDS – The way the Dutch pension supervisor De Nederlandsche Bank (DNB) has implemented the financial assessment framework FTK has been "lousy", according to economist Sweder van Wijnbergen.
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NewsDutch must increase retirement age urgently, experts say
NETHERLANDS – Social partners and the Dutch government must focus on increasing the retirement age as a means of countering the effects of increasing longevity, a large number of experts have argued.
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NewsRabobank scheme touts risk management at Dutch funding hearing
NETHERLANDS – Pension funds must pay maximum attention to risk management – and to extreme risks in particular – if they are to be fully prepared for potential shocks, according to Bernard Walschots, chief financial officer at Rabobank's €12bn pension fund.
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NewsDutch pensions regulator gives ground on 2011 contribution rule
NETHERLANDS – Dutch pension funds will not have to raise their contributions in 2011 to improve coverage ratios, the pensions supervisor De Nederlandsche Bank (DNB) has decided.
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NewsVan der Pol appointed chairman of new Dutch Pension Federation
NETHERLANDS – Kick van der Pol has been appointed chairman of the new Dutch Pension Federation, the umbrella body of lobbying organisations VB, OPF and UvB.
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NewsDutch fund PGB doubles return with interest, currency hedges
NETHERLANDS – The €11.3bn pension fund for the Dutch printing industry PGB saw its return over the first nine months almost double to 13% thanks to an extensive interest and currency hedge.
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Features
AOW at 66 in 2020 still on cards
The Dutch minority government that came to power in October – led by the liberal party VVD and the Christian Democrats – has said it will continue the process of increasing the official retirement age for the largely pay-as-you-go state pension AOW from 65 to 66.
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NewsDutch maritime fund threatens 13.2% benefits cut
NETHERLANDS – The €200m pension fund of Dutch maritime service provider Smit Internationale has said it intends to cut pension benefits by 13.2% if its sponsoring company refuses to make additional contributions.
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NewsPGGM unveils exclusive hedge fund platform
NETHERLANDS – The €100bn asset manager PGGM is planning to invest directly in selected hedge funds to increase transparency and cut costs.
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NewsDutch roundup: PNO Media, Wal-Mart, AZL, ANWB
NETHERLANDS – The €3bn industry-wide pension fund PNO Media has excluded giant US retailer Wal-Mart from its investment universe for violating labour rights.
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News
SNPF considering alternative recovery measures, appoints chairman
NETHERLANDS – The board of the €1bn pension fund for notaries (SNPF) said it was considering alternative recovery measures to avoid rights cuts after supervisor De Nederlansche Bank (DNB) turned down its suggestions for a tailor-made recovery.
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NewsDutch Labour Foundation calls for extension of premium cushioning
NETHERLANDS – The Dutch Labour Foundation (STAR) has called on Henk Kamp, the new social affairs minister, to continue to allow pension funds to cushion their contributions.
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NewsLow interest rates cancel out strong returns at largest Dutch schemes
NETHERLANDS – The four largest Dutch pension funds saw their coverage ratios drop during the third quarter – despite strong returns – due to the sharp drop in long-term interest rates.
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NewsDutch think tank Netspar outlines research themes
NETHERLANDS – Netspar, the academic network on pensions, retirement and population ageing, has chosen rising longevity, retirement decisions and developing skills of older workers as main research themes for the next three years.
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NewsAFM's Hoogervorst to replace Tweedie at IASB
NETHERLANDS – Hans Hoogervorst, chairman of the Financial Markets Authority (AFM), has been appointed chair of the International Accounting Standards Board (IASB).
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NewsABP, PGGM invest Dutch telecommunications networks
NETHERLANDS – The €220bn Dutch civil service scheme ABP and PGGM, the asset manager for the €91bn healthcare scheme PFZW, have committed to large investments in telecommunications infrastructure in the Netherlands.
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NewsProduct choice over 'hard floor' would improve pensions, academics say
NETHERLANDS – Increased pension product flexibility over an "income floor" of annuities would improve the effectiveness of Dutch workers' pensions, academics have claimed.
