All articles by Tjibbe Hoekstra – Page 13
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Dutch IBM fund hedges inflation risk completely
The scheme also plans to start investing in green bonds
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PGGM, Alecta sign €2.1bn credit risk sharing deal with German bank
The transaction on a portfolio of corporate loans shifts 20% of default risk to the two pension investors
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Dutch physiotherapist scheme goes passive with custom-made ESG benchmark
The fund has swapped €400m in fund investments for a passively managed ESG mandate
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EU taxonomy decision increases reporting burden for pension funds
Critics of the Commission’s proposal to brand nuclear energy and natural gas as sustainable energy sources have reacted with disappointment, and the credibility of the EU’s taxonomy was called into question
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Trust in Dutch pension funds shoots up to post-great financial crisis high
Confidence among the public in Dutch pension funds’ ability to meet their liabilities to pensioners has risen to 62%, the highest level since 2008
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PFZW unveils 50% carbon reduction target for 2030
The Dutch healthcare scheme has also for the first time formulated CO2 reduction targets for its real estate, infrastructure and private equity investments
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Pension fund for Dutch medical specialists indexes pensions by 3.7%
Today’s record-high inflation did not play a role in the decision to provide more indexation
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Features‘Painful’ private equity fees are hard to avoid
The Netherlands’ €551bn ($576bn) civil service scheme ABP paid a record €2.8bn in performance fees to private equity managers in 2021, prompting the fund’s president Harmen van Wijnen to announce an external investigation to assess ABP’s rising asset management costs. The €277.5bn healthcare scheme PFZW paid €1.26bn in performance fees to private equity last year, accounting for two thirds of total asset management costs.
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PostNL scheme introduces Paris Aligned Benchmark for CO2 reduction
The fund has already reduced its carbon footprint below a 1.5°C path, but remains invested in fossil fuels for now
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InterviewsPension funds on the record: Seeking protection in private markets
Unlisted assets are the safe haven for investors searching for safety in choppy markets
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Opinion PiecesDelay looms to Netherlands reform process
The Dutch government has vowed to finalise the country’s hotly debated switch to a pension system with defined-contribution variants by 1 January 2023.
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InterviewsOpenbare Apothekers Pension Fund: Preparing for change
Ronald Heijn and Maarten Thomassen of the Netherland’s Pensioenfonds Openbare Apothekers tell Tjibbe Hoekstra about the impact of the Dutch pension reform on their fund
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NewsNetherlands’ Shell pension fund reduces private equity exposure
The €33bn DB pension fund sold part of its allocation to the asset class because it had exceeded its target exposure
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NewsAPG moves to central repo clearing
The switch from bilateral transactions follows similar decisions by PGGM and MN
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PMT, PME ditch ‘authoritarian countries’ from EM index
The two Dutch pension funds have sold Egypt and Vietnam government bonds as a result of the policy change
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Hybrid pension funds want clarity on pension transition
Dutch multi-sector schemes including PGB, PNO Media and SBZ Pensioen fear they may not be able to make the switch to DC under the proposed legal framework
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NewsPME sells MN stake to PMT for €1
PMT already had an interest of almost 80% in the pension provider
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Pension funds to benefit from ‘exceptionally high’ swap spread
Pension schemes are advised to take the opportunity to change ‘expensive’ government bonds for cheaper swaps
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False alarm: no liquidity problems in repo market after rate rises
Dutch financial markets regulator AFM had warned pension funds about liquidity problems if interest rates were to rise further
