TV strikes again
Zembla, a current affairs TV programme in the Netherlands, lit a firestorm in the pensions industry last month after it argued that Dutch pension funds have underperformed consistently over the past two decades, missing out on more than €145bn in unrealised returns. The programme claimed that funds had generally invested too much in risky assets and that trustees lacked the necessary expertise to look after Dutch workers’ pension savings. It even went so far as to accuse the industry of “bad management”.
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IPE covers a good variety of very current and relevant topics. It is good to read the high-level, independent and objective perspectives from pension funds in other European countries; many of them are dealing with the same issues as we are, so it is interesting to learn from their experiences, especially when they are ahead of where we are on the curve.
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