All articles by Leen Preesman – Page 90
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News
Pension funds must step up engagement - Eumedion
NETHERLANDS - Institutional investors must increase their involvement as long-term shareholders by exercising their voting rights, according to the corporate governance platform for institutional investors Eumedion. They must also engage with companies.
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News
Achmea smokes out a fiduciary deal with cigar scheme
NETHERLANDS - The €130m pension fund for the cigar industry has renewed its contract with pensions provider Syntrus Achmea and also signed up for fiduciary services.
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News
Dutch pensions sector recovery is still far off - DNB
NETHERLANDS - Pensions regulator De Nederlandsche Bank (DNB) has warned the Dutch pensions sector has a long way to go to a full recovery, despite no longer being seriously underfunded.
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News
ABP launches own legal case over BofA/Merrill Lynch info (updated)
NETHERLANDS - Asset manager Algemene Pensioen Groep (APG) has started its own legal proceedings against Banc of America (BofA), for what is believes is the withholding of vital information preceding the merger with US investment bank Merrill Lynch.
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News
Achmea faces shake-up after losing business
NETHERLANDS - Insurance group Eureko is planning a shake-up at its Dutch asset manager and pensions provider Syntrus Achmea, after it lost significant market share in 2009.
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News
Dutch bakers’ scheme picks Lombard as fiduciary manager
NETHERLANDS - The €2bn pension fund for the bakery sector has appointed Swiss asset manager Lombard Odier Darier Hentsch (LODH) as its new fiduciary manager.
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NewsDutch pension assets increased to €649bn – DNB
NETHERLANDS - The combined value of pension funds’ investments increased for the fourth consecutive quarter in 2009 to €649bn, pensions supervisor De Nederlandsche Bank (DNB) has claimed.
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News
APG staff sacked for running parallel trades
NETHERLANDS - Asset manager APG has sacked two investment employees for breaching the firm’s code of conduct and parallel trading.
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News
Dutch reinsured schemes gain breathing space over recovery plans
NETHERLANDS - Social affairs minister Piet Hein Donner has granted Dutch reinsured pension funds additional leeway in the time they have to submit a recovery plan, to help them avoid cuts in pension rights.
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News
PGGM appointed to manage culture and arts pension
NETHERLANDS - The €315m pension fund for workers in the arts and culture sector has appointed pensions provider PGGM as its asset manager.
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News
PNO Media to launch its own provider
NETHERLANDS - The €2.9bn pension fund PNO Media is planning to spin off its services into a separate pension provider, so it can offer its members more than pension products.
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Features
Changes ahead for Dutch pensions
Dutch pension fund governance and investment risk strategies have rarely faced such tough scrutiny. Following the publication of the Frijns and Goudswaard Committees’ reports, as well as evidence of closer oversight on the part of the supervisor, De Nederlansche Bank (DNB), a number of initiatives and recommendations are expected to ...
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News
High-yield bonds return almost 50% for Philips
[16:20 CET 26-02] NETHERLANDS - The €13.4bn pension fund of electronics giant Philips saw its investments in high-yield bonds return almost 50% last year, contributing to its overall return of approximately 7%.
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News
Internal risk models could reduce Dutch buffer needs - VBA (amended)
[16:30 CET 25-02] NETHERLANDS - The average pension fund could reduce its required financial buffers by up to 3% if it applied the risk and return parameters proposed by the Dutch Association of Investment Professionals (VBA), the organisation has claimed.
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News
Heineken scheme sees 40% equity return (amended)
[12:00 CET 24-02] NETHERLANDS - The €2bn Dutch pension fund of Heineken, the brewer, saw a 15% return on its investments last year, largely thanks to a gain of over 40% of its equity portfolio.
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News
Coalition collapse could bring AOW compromise - economist
[16:30 CET 22-02] NETHERLANDS – Dutch economist Professor Lans Bovenberg says the collapse of the Dutch government coalition late last week now offers social partners a new opportunity to resolve their dispute about an increase in the state (AOW) retirement age from 65 to 67 and for second pillar pensions.
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News
Nijpels quits ABP chair over DSB scandal
[16:25 CET 22-02] NETHERLANDS - Ed Nijpels, chairman of the €200bn civil service scheme ABP, has resigned following continuing criticism about his role on the supervisory board of the collapsed DSB bank.
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News
BPF Bouw rebuilds ground to grant indexation
[16:45 CET 16-02] NETHERLANDS - The recovery of BPF Bouw, the €26bn pension fund for the building industry, has been so successful that it is already able to grant all its participants 1.45% indexation.
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News
DNB to focus on pension fund 'integrity'
[16:15 CET 09-02] NETHERLANDS- Pensions regulator De Nederlandsche Bank intends to focus its supervision this year on the effect that behaviour and culture has on the integrity of pensions funds and insurers.
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NewsDonner to adopt real cover ratio-based FTK
[16:00 CET 09-02] NETHERLANDS – An FTK financial assessment framework modelled on a real cover ratio, rather than the existing nominal one, is among Cabinet proposals being prepared by the Dutch department of social affairs.
