All articles by Leen Preesman – Page 91
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News
ING pension sets aside 3% to cover longevity
[16:00 CET 05-02] NETHERLANDS - The €10bn pension fund of banking giant ING saw its cover ratio rise by 11 percentage points to 118% in 2009, after making additional provisions for longevity.
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News
ExxonMobil’s pension cover jumps to 168%
[16:50 CET 04-02] NETHERLANDS - The €1.8bn pension fund Protector, of energy giant ExxonMobil, saw its cover ratio leap from 122.4% in 2008 to almost 168% in 2009, according to preliminary figures.
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NewsUN Global Compact is becoming RI standard - academic
[16:30 CET 04-02] NETHERLANDS - The UN Global Compact Directive is becoming a standard for the content of responsible investment, according to a Dutch academic who helped to raise the profile of the concept three years ago.
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Dutch cover ratios hit by falling bond rates
[14:00 CET 04-02] NETHERLANDS - The cover ratio of the average Dutch pension fund decreased by two percentage points to 109% in January, according to data produced by Hewitt Associates.
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Three in four Dutch pension plans adopt SRI
[15:15 CET 02-02] NETHERLANDS - The number of Dutch pension funds adopting a socially-responsible investment (SRI) policy has more than doubled since 2006 to 73% of all schemes, the combined pensions organisations have claimed.
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News
Hard-hit PME changes board structure
[16:55 CET 29-01] NETHERLANDS - The €21bn metal scheme PME has decided to change its governance structure as a result of the financial crisis which reduced its cover ratio to 84% last year.
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News
Life expectancy is rising – Dutch actuaries
[15:00 CET 29-01] NETHERLANDS - The Dutch Actuarial Society (AG) has confirmed that the predictions for life expectancy need to be adjusted upwards considerably.
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News
Social partners back Goudswaard Panel views
[16:00 CET 28-01] NETHERLANDS – Dutch employer and employee groups have backed findings presented yesterday by the Goudswaard Committee, claiming pension funds must scale down their ambitions and get members to accept increased risk, if they are to keep the pension system future-proof.
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News
Dutch pensions giants see returns improve further
[15:20 CET 28-01] NETHERLANDS - The €86bn healthcare scheme PFZW and the €33bn metal pension fund PMT saw their investments return 4.2% and 2.5% respectively in the fourth quarter, leading the schemes to deliver overall results of 17.6% and 14.8% for 2009.
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News
OPG settles legal claim with SSGA
[17:10 CET 27-01] NETHERLANDS - The pension fund OPG has reached a settlement agreement with State Street Global Advisers (SSgA) concerning the loss of all assets related to the collapse of Lehman Brothers.
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News
Pension funds must alter ambitions and risk – Dutch experts
[17:00 CET 27-01] NETHERLANDS – A committee of Dutch pensions finance experts claims pension funds must scale down their pensions benefit ambitions and adjust their risk approach in order to keep the present pension system affordable.
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News
Strong return raises SPMS cover ratio by 20%
[17:00 CET 25-01] NETHERLANDS - The €5bn pension fund for medical consultants SPMS saw its cover ratio rise by almost 20 percentage points last year on the back of a 17% return.
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News
Dutch asset managers engage with Shell over tar sands
[15:30 CET 22-01] NETHERLANDS – Three of the Netherlands largest asset managers are engaging oil giant Shell in the environmental and social impact of its exploitation of tar sands in Canada.
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News
ABP unveils 20% return and strategy changes
[16:25 CET 21-01] NETHERLANDS - The €201bn civil service scheme ABP saw investment returns hit 20.2% in 2009, and is working under a new investment strategy, according to officials.
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News
Pensions sector must raise consumer knowledge - AFM
[16:30 CET 20-01] NETHERLANDS – The Dutch pensions communications regulator AFM will initiate a discussion with the pensions sector about the need to increase employees’ pensions knowledge, as research found over 30% of pensioners are disappointed with the pensions income they receive at retirement.
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NewsFTK should target the real cover ratio – Frijns Committee
[16:15 CET 20-01] NETHERLANDS - The financial assessment framework (FTK) for pension funds must be aimed at the real cover ratio, rather than the nominal funding ratio as at present, an adviser committee to the Dutch government has recommended.
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NewsRising life expectancy blocks Hoogovens’ indexation
[15:30 CET 18-01] NETHERLANDS - The €6bn Dutch pension fund of steelworks Corus has decided not to pay indexation, and has instead set aside assets to cover an anticipated increase in life expectancy.
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News
Levensmiddelen and SBZ grant indexation
[15:45 CET 15-01] NETHERLANDS - The industry-wide pension funds for care insurers and food articles have also granted their participants part indexation payments, following fast improving cover ratios.
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News
Alternatives Directive predicted to raise Dutch pension costs by 6%
[16:40 CET 14-01] NETHERLANDS - Current European Commission proposals to introduce a directive governing alternative investments managers would increase pension costs by 6%, as it would limit investment options and the spreading of risk, a large sector of the Dutch pensions market has claimed.
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News
Snippe leaves Philips scheme for 'new challenge'
[15:45 CET 12-01] NETHERLANDS - Jan Snippe has left the €14bn pension fund of electronics giant Philips, where he was head of corporate pensions.
