All articles by Tjibbe Hoekstra – Page 7
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News
Paris Aligned Benchmark can lead to ‘climate tunnel vision’, warns Cardano
Investors that opt for climate benchmark risk neglecting other ESG issues, according to the Anglo-Dutch asset manager
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News
Lower indexation in new Dutch DC system, finds Aegon AM
Pensioners would have received between 1.5% and 3.6% in indexation in 2023 if the new DC system had already been in place, says the asset manager
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News
Equity returns boost Dutch funding ratios
Double-digit returns on listed equity more than compensated for investment losses on non-listed real estate for the Netherlands’ five largest pension funds
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News
Dutch pensions minister to leave politics after elections
Carola Schouten had been pensions minister since January 2022
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News
Regulator allows Dutch pension funds to split DC transition into three parts
The plan should give pension schemes time to make adjustments on the basis of DNB’s findings, should this be necessary, says Cindy van Oorschot
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News
Belgian government reaches deal on first-pillar pension reform
The agreement, which is to represent 0.5% of GDP in long-term savings compared to a pension deal reached last year, is supposed to safeguard a €847m cheque from the EU’s Covid Recovery Fund
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News
Dutch pension sector asks European Commission to reconsider CSRD proposal
The Pensioenfederatie and pension asset managers APG, PGGM and MN have sent a letter to Ursula von der Leyen saying they are “very concerned” that the proposal will lead to the unavailability of sustainability data for pension funds
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News
Dutch lump sum option postponed for fourth time
Pensioners will now get the option to take a lump sum of up to 10% of their retirement pot as of 1 July 2024 at the earliest, six months later than planned
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News
ABP sold €170m Thames Water stake in 2022
The sale came shortly after the Dutch civil service scheme had engaged with the troubled water firm on ‘several issues’ in 2021
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News
Pensioenfonds ING anticipates 20% benefits increase in new DC system
The fund’s board believes the reduced need for a buffer in DC will translate into higher pension benefits
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News
BlackRock CEO blacklists ‘the word ESG’
Larry Fink’s statement is likely to cause some upheaval as the US asset management giant still runs hundreds of investment funds with an explicit ESG strategy
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Analysis
Analysis: Pension funds need flexible mind to invest in circular economy
Pension funds must remove barriers and relax financial and accounting requirements to allow for circular investments, according to investors and investee companies
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News
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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News
Closed Dutch Unilever fund to continue DB arrangement
Univest, the investment vehicle for all global Unilever pension schemes, will hand over two bond mandates to external managers
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News
FNV urges Dutch pension funds to divest from fossil fuels
The largest Dutch trade union believes engagement with oil and gas majors is ‘not credible’
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News
Dutch €9bn steel scheme to focus climate policy on ‘real world change’
The fund also reduced its exposure to emerging market equities due to an increase in geopolitical risk
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News
Dutch pension federation opposes increase in IORP regulation threshold
The Pensioenfederatie also said it is against the creation of a “low-risk category” of IORPs with less strict regulatory requirements
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Opinion Pieces
Carbon reduction: absolute goals, please
Dutch healthcare scheme PFZW last month reluctantly changed its 50% CO2 reduction target for 2030 from a relative to an absolute target, following in the footsteps of fellow Dutch pension funds ABP and PME. The fund cited the “negative sentiment” around relative targets as a reason for its change of heart.
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News
Senate passes Dutch DC switch after 15-year debate
The new pension law in the Netherlands will come into force on 1 July 2023
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News
ABP and PME demand end to fossil fuel subsidies
The two Dutch pension funds signed a letter authored by Fossil Free Netherlands