All articles by Leen Preesman – Page 93
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News
Dutch schemes performed better than overseas - study
[17:00 CET 09-12] NETHERLANDS - Dutch industry-wide pension funds lost an average of 9.3% on their investments in 2008, but this is still considerably better than the performance of pension plans elsewhere, according to a study conducted by CEM Benchmarking.
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Donner considers use of professional pension trustees
[17:15 CET 04-12] NETHERLANDS - Social affairs minister Piet Hein Donner is considering whether to allow professional trustees to sit on Dutch pensions board or even make up the entire board to increase the expertise.
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Pension age rise criticised as Donner submits Bill
[16:45 CET 03-12] NETHERLANDS - Social affairs minister Piet Hein Donner has submitted his bill to parliament proposing a rise in the state pension (AOW) age from 65 to 67, despite criticism from the government’s most senior advisory body the Raad van State (RvS).
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Footballer scheme returns 4% on 100% fixed income
[13:00 CET 30-11] NETHERLANDS - The €600m retirement bridging fund for Dutch professional footballers (CFK) has generated a 4% return on investments, after allocating all of its assets to fixed income.
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AFM to check indexation labels from April
[15:45 CET 26-11] NETHERLANDS - The Dutch pensions communications regulator, the AFM, will start checking that pension funds are correctly using the indexation label from 1 April next year – three months after its introduction on 1 January 2010.
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News
Most Dutch insurers issue UPOs by deadline - VvV
[16:40 CET 25-11] NETHERLANDS – Dutch insurance-based pension providers have considerably cleaned up their acts, according to the Dutch Association of Insurers (VvV), as 89% of companies managed to send out their Uniform Pension Statements (UPOs) to members on time this year.
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News
BPF Bouw restores indexation
[15:30 CET 24-11] NETHERLANDS - The recovery of BPF Bouw, the €26bn pension fund for the Dutch building industry, has been so successful this year that it is now planning to grant all participants indexation of 1.45% from next year.
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News
PNO Media cover ratio edges upwards
[15:00 CET 23-11] NETHERLANDS - The €2.8bn pension fund PNO Media saw its cover ratio rise to 100.9% during the third quarter of this year, thanks to a 10.1% return on investments.
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Better governance 'crucial' for dealing with crisis - VB
[16:30 CET 18-11] NETHERLANDS - Pension funds must evaluate mandates with fiduciary managers and asset managers regarding transparency, to ensure their boards are in control during a crisis, the Association of Industry-wide Pension Funds (VB) has recommended.
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NewsABP's improved funding prompts indexation payout
[16:45 CET 16-11] NETHERLANDS - The €180bn civil service scheme ABP will grant its participants indexation of 0.45% in 2010, as its funding ratio has recovered to the minimum required level of 105%.
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NewsOPF advocates new Dutch pensions governance structure
[13:00 CET 16-11] NETHERLANDS - The Foundation for Company Pension Funds (OPF) has suggested pension funds should be given the legal option of appointing a professional governing body to be in charge of operational management tasks, instead of the customary board of unpaid trustees comprising employer and employee representatives.
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News
Progress' member council loses indexation case
[16:30 CET 11-11] NETHERLANDS - The participants’ council of Unilever’s Dutch pension fund, Progress, has lost a legal case against the scheme concerning indexation.
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News
Schemes' investments based on active members - DNB study
[15:30 CET 10-11] NETHERLANDS - Dutch pension funds focus their strategic asset allocation on active participants rather than taking the interests of all participants into account in equal measure, according to research commissioned by pension regulator De Nederlandsche Bank.
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News
TNO fund returns 7.5%
[16:45 CET 06-11] NETHERLANDS - The €1.9bn pension fund of TNO, the institute for applied technical research, saw its investments return 7.5% during the third quarter, taking its total return to 9% this year.
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News
Pension bodies dismiss cover ratio benefit from AOW rise
[16:35 CET 06-11] NETHERLANDS - Pension fund bodies have warned the Dutch government that raising the age of the AOW state-led retirement system will not automatically lead to a recovery of pension funds’ cover ratios or speed up indexation.
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News
Loyalis to compensate for high investment costs
[13:00 CET 05-11] NETHERLANDS - APG subsidiary Loyalis has agreed to compensate 800 clients with investment policies with what campaign groups say were very high costs.
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News
Average Dutch cover ratio drops to 108%
[14:30 CET 04-11] NETHERLANDS - The average cover ratio of Dutch pension funds decreased two percentage points to 108% during October, according to Hewitt Associates.
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News
Super de Boer to lend €10m to its pension scheme
[14:30 CET 03-11] NETHERLANDS - Supermarket chain Super de Boer is lending its ailing pension fund €10m to resolve a dispute with pension officials about the scheme’s recovery plan.
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News
Levensloop take-up stabilises at 10%
[13:30 CET 03-11] NETHERLANDS – Take-up of the Dutch tax-friendly life course or ‘levensloop’ savings scheme has stabilised as approximately 10% of workers were members of schemes in 2008, the Dutch Association of Insurers (VvV) has claimed.
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News
Akzo Nobel scheme returns 9.4%
[16:15 CET 02-11] NETHERLANDS - The €3.9bn pension fund of paints giant Akzo Nobel returned 9.4% on investments during the third quarter of 2009, raising its cover ratio to 110%.
