All articles by Sameer van Alfen – Page 6
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News
LCP questions high performance fees paid by ailing Dutch schemes
ABP and PFZW paid out €1.4bn in performance fees over five years – but could still cut pension payments
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News
Netherlands roundup: KAS Bank sacks BlackRock from €100m mandate
Plus: The €700m Equens pension fund has opted to transfer to Centraal Beheer, insurance company Achmea’s consolidator subsidiary
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News
Netherlands roundup: TKP to reorganise back and middle office
Also: PostNL appoints BNP Paribas Securities Services as custodian and administrator for €8.6bn scheme
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News
Dutch schemes seek to divest stake in €140m agricultural land fund
Investment fund is too small and its risk management needs improving, say industry funds for agriculture and veterinarians
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News
Dutch Deliveroo workers covered by transport sector scheme, court rules
An Amsterdam court has ruled that takeaway meal delivery drivers are within the scope of the mandatory pension scheme Vervoer
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News
Netherlands roundup: Longevity gap increases
Plus: Achmea Pensioenservices posts €14m loss in the first half of 2019 as it continues to phase out old IT systems
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News
€3bn Dutch pharmacy staff scheme reduces risk profile
PMA reduces equities allocation from 50% to 40% in favour of fixed income, lifts interest rate hedging to 40%
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News
Dutch pension fund Equens to join consolidation vehicle
APFs – general pension funds – are rapidly gaining in popularity in the Netherlands
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News
KPN scheme ups fixed income holdings after difficult 2018
The €10.2bn KPN Pensioenfonds cuts strategic allocation to securities in favour of fixed income, and has allocated to green bonds
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News
Alcatel-Lucent scheme’s liquidation to last until 2023
Parent company Nokia will continue to compensate the pension fund for terminating its contract in 2011, while contributions will be channelled to members since transferred to PME
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News
€5.9bn Dutch green bond deemed ‘expensive’
APG, PGGM, SPOV and Cardano were allocated €411m collectively, from a total of €5.9bn raised by the first AAA-rated sovereign green bond
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News
Blue Sky to cut number of funds and external managers to save costs
The move by the asset manager for KLM’s pension schemes is aimed at cutting costs and reducing complexity
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Country Report
General pension funds: A market stirred but not shaken
General pension funds nearly doubled their AUM last year, to €10bn. However, one of the six commercial players has already closed and another will probably leave the market
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News
Clients pay APG more in fees despite lower outperformance
Asset manager cites shift to internal asset management and explains that fees weren’t linked to performance
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News
Netherlands roundup: €25bn Rabobank scheme preps accrual cut
Plus: Total scheme weighs industry-wide fund for consolidation
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News
LCP: Dutch schemes lost 1.2% on average in 2018
Results contrast sharply with 5.7% average result from 2017
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News
Vervoer replaces Robeco with Achmea for fiduciary management
Dutch sector scheme expects continuity to be better guaranteed at Achmea
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Features
Pension fund consolidators enjoy strong growth
Efforts to increase scale and improve efficiencies across the European pension fund sector are gathering pace, new data shows – but schemes still face hurdles
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News
Economists warn investment ‘groupthink’ could hurt pension outcomes
Schemes hiring the same actuaries often made the same strategic investment choice
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News
Dutch pension consolidators double market share to €9.8bn
APFs are upbeat about prospects despite uncertainty about the future shape of the Netherlands’ pension system