All articles by Leen Preesman – Page 88
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News
Defined ambition should replace defined benefit – PGGM
NETHERLANDS – A new ‘defined ambition’ concept should replace defined benefit (DB) arrangements, according to a leading Dutch pensions actuary.
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NewsLump sum payments could help Dutch pension funds
NETHERLANDS - Introducing a lump sum payment as part of pension benefits could decrease the risks for Dutch pension funds, Hewitt Associates has suggested.
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NewsWouters to succeed Van de Belt at PMT
NETHERLANDS – Guus Wouters, former Syntrus Achmea chief executive, is to replace Bert van de Belt as director of the €34bn pension fund for metalworking and mechanical engineering (PMT).
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Provisum cancels underperforming 'black box' strategy
NETHERLANDS – Provisum, the €1bn Dutch pension fund of retailer C&A, has terminated its global tactical asset allocation (GTAA) due to poor performance and lack of transparency.
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Cover ratio of Dutch funds recovers to 109% – DNB
NETHERLANDS – Dutch pension funds’ nominal cover ratio has improved from 95% to 109% on average in 2009, while their combined assets have increased by €86bn to €663bn, according to pensions supervisor De Nederlandsche Bank (DNB).
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Minister defends lower FTK parameters
NETHERLANDS – Dutch pension contributions can remain at the same level for the short term for most funds following a decrease in the upper limits for forecast returns, according to social affairs minister Piet Hein Donner.
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UWV scheme eyes Allianz GI as co-ordinating manager
NETHERLANDS - The €3.8bn pension fund of the Dutch employment and benefits agency UWV says it intends to conclude a risk and asset management contract with Allianz Global Investors (AGI). The deal falls short of a full fiduciary mandate.
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NewsTNO scheme returns 6.2% in first quarter
NETHERLANDS - The €2.1bn pension fund of the applied technical research institute TNO returned 6.2% on investments during the first quarter of 2010.
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News
ABP ups risk focus as cover ratio drops to 102% in April
NETHERLANDS - ABP, the large civil service pension fund, saw its assets increase to a record level of €220bn in 2009, on the back of a return of 20.2%, and an additional 6% in the first four months of 2010. The fund is also to tighten its risk management and ...
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NewsBeenen replaces Sol at Mercer Netherlands
NETHERLANDS – Jelle Beenan has been named as the incoming head of Mecer's investment consultancy in the Netherlands following the planned departure of Marjolein Sol.
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News
Dutch workers more willing to work up to 65
NETHERLANDS – The number of Dutch employees who want to carry on working until the official retirement age of 65 has doubled to 42% during the past five years, according to a new study.
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NewsKLM scheme establishes SRI pool and de-risks
NETHERLANDS – The €1.4bn KLM pension fund for cabin staff has set up a ‘green pool’ within its investment portfolio as it develops its socially responsible investment programme (SRI).
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News
Private equity manager delivers 9.2% for APG and PGGM
NETHERLANDS – AlpInvest Partners, the private equity manager for APG and PGGM Investments, seeks to build on its positive return last year by pursuing opportunities in the secondary and distressed debt markets in 2010.
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News
Recovered SPOV grants extra indexation
NETHERLANDS – A total return of 14.3% in 2009 pushed the cover ratio of Stichting Pensioenfonds Openbaar Vervoer (SPOV) to 118%, enabling it to grant more than a full indexation in 2010.
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News
Dutch funds too dependent on individual players – Avida
NETHERLANDS - Pension funds are often too dependent on one dominant adviser or asset manager, whose interests are rarely aligned, according to Avida International.
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News
Akzo Nobel scheme returns 4.1% in first quarter
NETHERLANDS - The €4bn Dutch pension fund of paint giant Akzo Nobel reported a 4.1% return on its investments during the first quarter of 2010.
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News
Stork opts for Acadian low volatility strategy
NETHERLANDS - The €2.2bn pension fund of Dutch industrial conglomerate Stork has awarded Acadian Asset Management UK a mandate to run a €120m global ‘low volatility’ strategy.
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News
SPF bounces back with annual return of 16.3%
NETHERLANDS – The €10.6bn Dutch railways pension fund SPF reported returns on investments of 16.3% in 2009, after a 19.2% loss in the previous year.
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News
Informed pension members are willing to take more risk – study
NETHERLANDS - Dutch employees are more willing to take investment risks with their pension if they have a better insight into the effect their choice will have on their future pension, suggests a study commissioned by the Association of Industry-wide Pensions Funds (VB).
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News
VB questions real cover ratio and ‘soft’ pension rights
NETHERLANDS - The Association of Industry-wide Pension Funds (VB) has expressed serious doubts about the introduction of more conditional rights for pensions members and questioned the use of the real cover ratio as a benchmark for a scheme’s health.
