All PFZW articles
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AnalysisIPE Netherlands Briefing: Another 24 funds convert to defined contribution
Plus: Pension funds divest from US assets; PME withdraws €5bn mandate from BlackRock
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NewsNegative 2025 returns for Dutch pension funds
Funding ratios rose, however, thanks to rising interest rates
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AnalysisDutch pension funds reduce dollar bond holdings
Civil service scheme ABP, the only Dutch pension fund with a sizeable exposure to US treasuries, reduced its allocation by €10bn in 2025
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NewsDutch pensions’ DC switch spurs swap market jitters
Sprenkels warns that volatility could still emerge if multiple funds decide to reduce their interest rate hedges simultaneously
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Analysis8 million Dutch to see DB pensions converted to DC on 1 January 2026
The 23 pension funds to do so include €248bn healthcare scheme PFZW and PMT, the €86bn sector fund for the metals processing industry
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NewsDutch pension funds rethink US allocations
Pensioenfonds Bisdommen, the fund for Catholic clergy, has already reduced its exposure to US equities, while PGB will no longer increase US non-listed investments
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NewsPME, PFZW are latest funds to sell stocks linked to Israel human rights violations
The two Dutch pension schemes recently divested from Booking.com, Airbnb, Expedia and Motorola
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AnalysisIPE Netherlands Briefing: PFZW switches to active management
Plus: Caterpillar divestment; French government debt
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NewsDutch pension giants divest from Caterpillar over Palestine concerns
Four of Netherlands’ five largest pension funds have sold their combined €260m stake in Caterpillar, over human rights concerns in occupied Palestinian territories
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NewsPFZW’s shift to active equity strategy leads to termination of BlackRock
The Dutch pension fund for healthcare workers replaced BlackRock, LGIM and AQR with Robeco, Man Numeric, Acadian, Lazard, Schroders, M&G and UBS AM
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NewsDutch pension funds to get 12 extra months to review interest rate hedges
The decision by Minister of Social Affairs Eddy van Hijum will make it more difficult for speculators to front-run the trades that will be made by pension funds
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NewsDutch funds see funding ratios rise in Q1 despite negative returns
Dutch pension funds felt the effects of Donald Trump’s trade war in the first three months of the year as interest rates rose and assets fell
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NewsFinnish pension funds outshine international peers on real returns
Denmark’s bond-heavy ATP stands out for comparatively low real returns, in Finnish Centre for Pensions’ analysis
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NewsTrump trade war puts Dutch funding ratios under pressure
The short-term shock is extra relevant for Dutch funds, as they want to make the transition to a new defined contribution arrangement with comfortable funding ratios
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NewsDutch pension giants post solid 2024 returns despite bond market headwinds
Strong equity market returns more than compensated for capricious returns on bonds
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Podcast#10 Leaders in Investment podcast: Conversation with Professor Dirk Schoenmaker, Investment Committee Chair, PFZW
In Episode #10 of IPE’s Leaders in Investment podcast series, IPE Editorial Director Liam Kennedy interviews Professor Dirk Schoenmaker, Investment Committee Chair at Dutch pension fund PFZW
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Opinion PiecesIs it time to add a new layer to strategic asset allocation?
For years, strategic asset allocation (SAA) has been a cornerstone of investment for pension funds and other institutional investors. Is sustainability a missing ingredient?
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NewsPFZW divests from Israel
€255bn Dutch healthcare fund has also sold investments in other Middle East countries as it is concerned about growing threat of conflict expansion in the region
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NewsCalls for pension funds to sell investments linked to West Bank settlements
The trigger for the FNV statement was a ruling by the International Court of Justice last month, although the trade union did not name companies
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NewsPFZW reports underperformance of SDG investments
Management fees for the Dutch healthcare scheme’s actively managed SDG equity mandate are also significantly higher
