All articles by Leen Preesman – Page 97
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NewsDonner to lead broad review of pension system
[14:30 CEST 26-05] NETHERLANDS - Social affairs’ minister Piet Hein Donner will commission a study into the investment policy and risk management of pension funds, following the severe impact of the credit crunch on the capital-funded second-pillar schemes.
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News'Japan scenario' could seriously affect pensions - DNB
[15:15 CEST 20-05] NETHERLANDS - Future pension benefits for Dutch workers could be affected if interest rates stay low and markets do not recover, pensions regulator De Nederlandsche Bank has claimed.
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Increased interest hedge cushions TNT’s loss
[15:15 CEST 19-05] NETHERLANDS - The €3.8bn pension fund of postal company TNT saw its losses considerably limited last year, officials claim, as the interest hedge on liabilities was increased from 53% to 75%.
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Upperman to head retail scheme
[16:30 CEST 18-05] NETHERLANDS - The €6bn pension fund for the retail sector has appointed Rene Upperman as director of its new governance bureau.
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Provisum kept cover ratio afloat
[16:15 CEST 14-05] NETHERLANDS - Provisum, the €900m pension fund of retailer C&A, managed to sustain a cover ratio of over 120% by the end of last year, thanks mainly to its comfortable starting position.
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Life expectancy ‘rising faster than forecast’
[17:15 CEST 13-05] NETHERLANDS - The life expectancy of the Dutch population has increased much more than initially forecast, the Actuarial Society (AG) has suggested.
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KPN to step up risk after 14.5% loss
[16:20 CEST 13-05] NETHERLANDS - The €3.6bn pension fund of telecoms provider KPN limited its loss in 2008 to 14.5% as a result of a 70%-hedge on its interest rate risk, but officials have plans to increase its alpha risk this year.
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DNB 'very critical' on recovery plans – actuaries (updated)
[16:00 CEST 12-05] NETHERLANDS - Actuarial firms have claimed the pensions regulator, De Nederlandsche Bank, is sticking too rigidly to its checklist when judging the mandatory recovery plans of pension funds with a funding shortfall.
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Cover ratios pull up to 100%
[16:30 CEST 08-05] NETHERLANDS - The cover ratio of the Netherlands’ 650 pension funds seems to be stabilising at approximately 100% on average, consultancy firm Hewitt Associates has claimed.
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DSM scheme returned –18.8%
[15:00 CEST 05-05] NETHERLANDS - PDN, the €4.1bn pension fund of chemicals giant DSM, lost 18.8% on its investments last year, and fell short of its benchmark by 3%.
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NewsDonner to change rules on pensions connections
[14:30 CEST 01-05] NETHERLANDS - Social affairs’ minister Piet Hein Donner wants to undo the present ban which prevents pensions providers from linking their financial products to the mandatory industry-wide pension funds.
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NewsDutch gov’t keeps pushing for Flex AOW
[13:00 CEST 30-04] NETHERLANDS – Dutch social affairs’ state secretary, Jetta Klijnsma, wants to carry on with the plan to allow employees to keep on working up to five years beyond the official retirement age.
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Robeco seeks to become a 'truly responsible investor'
[17:00 CEST 29-04] NETHERLANDS - Asset manager Robeco is planning to incorporate environmental, social and corporate governance (ESG) principles into its entire €110bn portfolio, in a bid to achieve more sustainable returns as well as a better risk-return profile.
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SBZ to shift staff to external admin provider
[16:50 CEST 29-04] NETHERLANDS - SBZ, the €2.2bn pension fund for care insurer employees, is thinking of contracting out the management of its administration as well as its implementation activities, for what appears to be an internal restructuring of resources.
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KLM adopts new landing position (amended)
[16:15 CEST 27-04] NETHERLANDS - The €3.9bn pension fund for KLM’s ground staff is acting like many other Dutch pension funds and anticipates it will only need to raise contributions to recover from its shortfall.
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DNB says larger pension reserves needed
[16:00 CEST 24-04] NETHERLANDS – Dutch pension funds may need to set aside more of their returns and hold larger financial buffers to protect against potential future setbacks, officials at the pension regulator,De Nederlandsche Bank, have suggested.
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PNO Media considers cuts as a recovery option
[13:00 CEST 24-04] NETHERLANDS - PNO, the €2.5bn pension fund for the media, has not ruled out the prospect of cutting pension benefits and claims, if additional recovery measures turn out to be insufficient to improve its funding level.
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Railways scheme's buffers hit by losses
[16:10 CEST 22-04] NETHERLANDS - SPF, the large pension fund for the railways sector, lost 19.2% on investments last year, while its assets dropped from €12bn to €9.5bn and the cover fell to 121%.
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BPF Bouw is confident of recovery
[14:00 CEST 22-04] NETHERLANDS - BPF Bouw, the €24.2bn scheme for the building industry, expects to eliminate its funding shortfall within three years by raising contributions and halting indexation.
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PMA recovery to alter asset allocation
[16:40 CEST 20-04] NETHERLANDS - The €889m pension fund for pharmacies’ staff PMA expects to recover from its reserve shortfall within 15 years by adjusting its yearly indexation and changing its asset allocation strategy.
