All articles by Leen Preesman – Page 87
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NewsDutch parliament gives green light on cross-border DC schemes
NETHERLANDS – The Dutch parliament has endorsed a new pension vehicle that would be able to carry out cross-border defined contribution (DC) arrangements.
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NewsDutch minister rejects calls for DB cost-transparency rules
NETHERLANDS – Dutch social affairs minister Piet Hein Donner has resisted calls to issue additional rules to increase the cost transparency of defined benefit (DB) schemes offered by insurers and pension funds.
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NewsABP raises premiums again after cover ratio falls to 96%
NETHERLANDS – The €220bn civil service scheme ABP has again decided to raise its contributions temporarily by 1% to compensate for the drop of its cover ratio to 96%.
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NewsTNO scraps 'disappointing' tactical asset allocation
NETHERLANDS – The €2bn pension fund of TNO, the Dutch Institute for Applied Science, has axed its 2.7% global tactical asset allocation (GTAA) within a year due to "disappointing" performance.
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NewsDutch pension funds slash in-house asset management, says DNB
NETHERLANDS – Dutch pension funds have cut in-house asset management from 40% in 2002 to just 10% in 2009, according to pensions regulator De Nederlandsche Bank (DNB).
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Philips scheme reclaims millions from property fraud
NETHERLANDS - The €14.3bn Philips pension fund will receive millions of euros in settlements with suspects in the large-scale property fraud.
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NewsDutch pension fund assets return to pre-crisis level: DNB
NETHERLANDS – The assets of Dutch pension funds are back at pre-crisis level after the schemes gained a €32bn profit from rising markets and currency valuations during the first quarter of 2010, according to pensions regulator De Nederlandsche Bank (DNB).
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NewsIMQubator invests €25m in Asia hedge fund for APG
GLOBAL – IMQubator, the innovation project backed by asset manager APG, has made a €25m seeding commitment in a new macroeconomic Asia hedge fund.
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Dutch cabinet may tinker with pension fund 'parameters', says Donner
NETHERLANDS – The outgoing Dutch cabinet is thinking to increase the equity yields pension funds are allowed to factor in for expected returns, according to social affairs minister Piet Hein Donner.
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ABN AMRO scheme recovers from funding and reserves shortfalls
NETHERLANDS – The €9.3bn pension fund of ABN AMRO recovered from a shortfall of its funding and financial reserves due to a 5.8% return on investments, as well as recovering equity markets and rising interest rates last year.
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Extensive hedge bolsters cover ratio for ING pension scheme
NETHERLANDS – The €12.3bn pension fund of bancassurer ING is on track to keep its financial reserves above the required level due to an extensive hedge of both interest risk and equity risk.
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Asset managers to focus on building trust, increasing transparency
GLOBAL – A large majority of asset managers worldwide consider clients' trust and transparency as the biggest challenges during the coming years, according to consultant KPMG.
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Dutch postal pension fund to hedge interest risk through swaptions
NETHERLANDS – The Dutch postal pension fund TNT will limit its risk by gradually increasing its 75% interest hedge on its liabilities to full cover.
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Hewitt: Most Dutch pension funds failing to meet minimum cover ratios
NETHERLANDS – The cover ratio of most Dutch pension funds has fallen to less than the 105% minimum required by the government, according to Hewitt Associates.
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Dutch social partners agree on retirement at 66
NETHERLANDS – The Dutch social partners have agreed on a flexible retirement age for second-pillar pensions and the state pension AOW by linking them to life expectancy.
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Dutch DC providers still fail on cost transparency – AFM
NETHERLANDS – Insurers still do not provide sufficient clarity about the costs they charge on defined contribution (DC) arrangements, causing overly high retirement expectations among members, according to the Netherlands Authority for the Financial Markets (AFM).
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ABP and EC move closer to eliminating 'discriminatory' tax laws
EUROPE – Unequal tax treatment of foreign pension funds in the EU took a step closer to being eradicated this week after ABP claimed it had made a “breakthrough” with the Norwegian government and the European Commission referred Germany to the European Court of Justice (ECJ).
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KPN scheme lowers fixed income risk profile
NETHERLANDS – The pension fund of telecoms firm KPN reduced its exposure to government bonds of eurozone and emerging economies last year in a bid to reduce its risk profile.
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Syntrus Achmea cuts 'not linked to client losses'
NETHERLANDS – The sector-wide pension fund (BPF) administration unit of Syntrus Achmea is to undergo an efficiency drive as part of its ongoing merger with Rabobank subsidiary Interpolis.
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Blue Sky to manage Total pension assets
NETHERLANDS – The €250m Dutch pension fund of energy company Total has contracted out its asset management to pensions provider Blue Sky Group.
