All articles by Leen Preesman – Page 85
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NewsHelvoet scheme on cuts list despite being ahead of recovery plan
NETHERLANDS – Dutch social affairs minister Piet Hein Donner expects the €51m pension fund of rubber components manufacturer Helvoet to bring forward additional measures against a financial shortfall, despite its being more than 4 percentage points ahead of its recovery plan.
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NewsDutch consultants scheme hires BlackRock, APG
NETHERLANDS – The €5bn occupational pension fund for Dutch medical consultants (SPMS) has appointed BlackRock as fiduciary asset manager and APG as pensions provider.
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NewsDonner rejects changing interest criterion for Dutch pension funds
NETHERLANDS – Dutch social affairs minister Piet Hein Donner has rejected the possibility of changing the mark-to-market approach to calculating pension funds' liabilities.
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NewsDonner to review pensioners' input into directly insured plans
NETHERLANDS – Dutch social affairs minister Piet Hein Donner is looking to increase pensioners' input into directly insured pension arrangements as part of a wider governance review.
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NewsLobbying bodies urge Dutch Parliament to resist wholesale rights cuts
NETHERLANDS – Pension fund organisations VB, OPF and UvB have urged the Dutch Parliament to resist a wholesale cut of pension rights based solely on the applied method for calculating pension funds' coverage in the wake of historically low interest rates.
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NewsLast five funds on Dutch list remain tight-lipped
NETHERLANDS – Five of the 14 Dutch pension funds facing rights cuts still have not made themselves known despite calls from regulator De Nederlandsche Bank (DNB), the Authority Financial Markets (AFM) and the pension schemes' lobbying organisation VB.
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NewsDutch Parliament calls emergency meeting as pension storm rages
NETHERLANDS – The Dutch Parliament is set to discuss the possibility of rights cuts at 14 pension funds with social affairs minister Piet Hein Donner during an emergency debate on Tuesday.
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NewsMetal scheme PME facing rights cut
NETHERLANDS – The €22bn metal scheme PME is among the 14 pension funds likely to cut their pension rights and benefits following an announcement by Dutch social affairs minister Piet Hein Donner.
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Supervisors' criticism leads chairman of Dutch notaries scheme to resign
NETHERLANDS – The chairman of the occupational pension fund for Dutch notaries (SNPF) has stepped down, following serious criticism from both internal supervisors and the accountability body on how the executive board is run.
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NewsDutch schemes to consider alternative measures before cuts
NETHERLANDS – A number of Dutch pension schemes with very low coverage ratios have said they will consider alternative options before cutting pension rights and benefits.
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NewsDonner calls on 14 Dutch schemes to cut benefits by 2011
NETHERLANDS – Fourteen Dutch pension funds must start cutting pension rights and benefits on 1 January 2011, as their shortfalls have grown too large, social affairs minister Piet Hein Donner has decided.
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Dutch retail fund seeks co-operation with similar schemes
NETHERLANDS – Detailhandel, the €7.7bn pension fund for the retail sector, is seeking co-operation with similar sector-wide schemes “to keep on providing a proper pension to its participants”.
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NewsAPG's Leukel joins fiduciary team at BlackRock
NETHERLANDS – BlackRock has appointed Ton Leukel as managing director and head client servicing within the company's Fiduciary Mandate Investment Team in the Netherlands.
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NewsCoverage ratio for €27.6bn Dutch fund bpfBouw falls below minimum
NETHERLANDS – The €27.6bn pension fund for the Dutch building industry, bpfBouw, returned 0.7% on investments during the second quarter, but saw its coverage ratio fall to 104.5%, less than the required minimum.
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NewsDutch butchers lose returns to interest hedge
NETHERLANDS – The €1.3bn pension fund for the Dutch meat industry returned 9.2% on investments last year but lost 5 percentage points of its return to its interest rate hedge following the rise in long-term interest rates last year.
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Dutch schemes have 'huge potential' for efficiency through consolidation
NETHERLANDS – Pension funds in the Netherlands can significantly improve their efficiency through consolidation, a comparative study of 90 large pension funds in Holland, the US, Canada and Australia suggested.
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Defensive strategy pushes airline scheme off course
NETHERLANDS – Returns from the €5.5bn KLM pension fund for flying staff fell short of its 2009 target after a defensive strategy failed to capitalise on recovering markets.
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Private equity proves positive for TNO scheme
NETHERLANDS – The €2.1bn pension fund of TNO, the Dutch institute for applied science, has returned 7.9% during the first six months of 2010.
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NewsDutch pension schemes call for 'special position' in EU derivatives legislation
NETHERLANDS – The three main lobbying organisations for pension funds in the Netherlands have asked the European Commission for a "special position" with respect to proposed EU legislation on derivatives and market infrastructure.
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NewsSupervisors blast executive board at €945m Dutch scheme
NETHERLANDS – The internal supervisors of the €945m occupational pension fund for Dutch notaries (SNPF) has blasted the executive board's performance in 2009.
