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Philips pension fund caps indexation at 4% to protect buffer
The move can assist the scheme of the Dutch electronics firm to make the transition to the new DC system with a funding ratio of at least 110%
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Philips ditches Facebook in new sustainable index
The bespoke index has been tailored to four Sustainable Development Goals
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Philips pension fund dials down risk in run-up to DC switch
The scheme is reducing its equity allocation by 7.5 percentage points to 32.5% in order to protect its €5bn buffer
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Philips scheme to replace PGGM with Blue Sky as admin
‘We wanted a system that is prepared for the future, has proven flexible qualities and offers a good price-quality ratio’
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Philips scheme to reinvest most of its 7.5% cash holdings
Cash was the scheme’s only asset class generating a negative return last year
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Asset owner project for SDGs expands to private markets
Sustainable Development Investments Asset Owner Platform launches a template to help assess impact of unlisted portfolios
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Philips scheme not keen on degressive pensions accrual
Age-dependent accrual is not necessary, impossible to explain and difficult to process, argues €19.4bn scheme
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21 Dutch pension funds index pensions by more than 3%
The corporate pension schemes of ABN Amro, Shell and Philips were the only ones to provide more than 5% indexation
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Dollar, yen appreciation behind Philips scheme’s 2.4% investment loss
Pension fund wants to maintain currency hedge but has halved the value of the position ‘for strategic reasons’
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Philips scheme cuts government bonds to benefit from rising rates
Strategic divestment comes at the expense of euro-denominated government paper
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Dutch roundup: Vervoer, Philips, TNO
Ballooning liabilities outstrip strong first-quarter returns
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Philips scheme dumps euro bonds for 'flexible' cash
Dutch scheme reduces fixed income exposure from 35% to 25% of portfolio
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Philips and KLM schemes achieve 10% gains in 2016
Philips scheme and KLM’s cabin staff pension fund record double-figure returns despite difficult Q4
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Dutch company schemes to award additional indexation
Steep rises in funding ratios of the Philips, Unilever and KPN pension funds in 2021 enable them to compensate for missed indexation in previous years
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Dutch roundup: ING, Philips, TNO, SPW
Pension fund for ING sees financial position improve over third quarter
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Blue Sky Group to sell asset management arm
The €25bn Dutch pension provider wants to focus exclusively on pension administration as it deems itself too small to remain a frontrunner in asset management
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Dutch Philips scheme amends strategic allocation as returns slump
Pension fund seeks to adjust ratio between matching, return portfolio as indexation unlikely for years
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Philips Pensioenfonds shares in $400m class action payout
After nearly five years of litigation, both sides reach tentative agreement to settle case for $400m plus accrued interest
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Dutch roundup: PGB, Philips Pensioenfonds, Koopvaardij
Pension fund for exhibition venue Jaarbeurs to join printing industry scheme PGB