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PME sells 112 companies for ESG reasons
The €54.6bn pension fund for the Dutch technology industry sold over €800m in shares as it adopted a new ESG screening policy
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PME Goes Back To The Future – PME Pensioenfonds
Marcel Andringa (pictured) of PME, the Dutch pension fund for the metal and electronics industry, talks to Tjibbe Hoekstra about the fund’s decision to ditch index investing and move to a more concentrated portfolio
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ABP and PME demand end to fossil fuel subsidies
The two Dutch pension funds signed a letter authored by Fossil Free Netherlands
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PME admin switch to TKP leads to sharp cost savings
The scheme also saw a drop in asset management costs thanks to lower performance fee payments to private equity managers
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Dutch pension scheme PME suffers huge data breach
Personal data of 95,000 members were leaked after a breach at a software supplier
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PME and PMT invest another €150m in venture capital investor
The two Dutch pension schemes also invested €75m each in Innovation Industries’ previous tech-focused fund
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PME sets 50% CO₂ reduction goal for 2030
The metals and electronics industry scheme is the first Dutch fund to set an absolute CO2 interim reduction target
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PME adapts fossil fuel exclusion policy after TV report
The fund claimed last year it had sold all its investments in fossil fuels, but had used exclusion criteria that were not stringent enough, PME has admitted
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PME sells MN stake to PMT for €1
PMT already had an interest of almost 80% in the pension provider
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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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PME dumps fossil fuel investments
The pension fund for the metals sector and the technological industry is the first large Dutch scheme to divest entirely from fossil fuels
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PME: Divesting from fossil fuels in six weeks
A pension fund can sell and reinvest all its fossil fuels investments in less than two months, according to PME’s Marcel Andringa
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PME sees investment management costs rise by 28%
The bulk of the performance fees were paid to private equity managers
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Large Dutch pension funds to support PR campaign for DC switch
ABP, PFZW and PME will support a campaign by the Dutch Ministry of Social Affairs to promote the switch from defined benefit to defined contribution pensions
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Rising equity markets spike Dutch funding ratios
ABP and PFZW suffered losses on their government bond portfolios, however, as Dutch and German yields rose
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Dutch metal scheme PME ditches pensions admin MN
Aegon-owned TKP takes up the contract because its IT systems are more advanced
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Dutch pension funds reluctant to invest in government-led defence industry fund
PME and ABP are responding to a plan of the Netherlands’ Defence Ministry to establish a €1-2bn innovation fund for the defence industry
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New European regulation for ESG ratings hailed as ‘quality booster’
The new regulation for ESG rating providers, approved by European Parliament last week, is expected to improve transparency and comparability of ESG ratings
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PFZW hit by big data breach
The revelation comes just days after fellow Dutch pension fund PME also suffered a huge data breach