Latest news and analysis of pensions, asset management, regulation and trends in the Netherlands from our award-winning journalists.
Dutch pension funds must tread a fine line between protecting funding levels and ensuring sufficient returns as they move to defined contribution
Pension fund/entity | Assets (€’000)
©IPE Research; See IPE’s Top 1000 Pension Funds for the full ranking
Sources: Pension assets - IPE research; Occupational pension assets as % of GDP - OECD June 2022; Working population, data as of end 2021 - World Bank; Projected old-age dependency ratio 2050 per 100 people - Eurostat 2021; gross average replacement rate - OECD Pensions at a Glance, 2021; Asset Allocation - OECD Pension Funds in Fugures, June 2022
The asset management arm of the pension provider of the three pension schemes of airline KLM had been put up for sale in March
The agreed compensation for the disappearance of the sponsor guarantee is several hundreds of millions of euros higher than previously foreseen by the company
The predictions come as insurance firms have struggled to seal buyout deals with pension funds in recent years
The switch comes 17 years after the fund of the Dutch central bank adopted the fiduciary model and started working with BlackRock
The initiative provided ‘an unparalleled in-depth picture of members’ perspectives on the future, their values, and on their collective recommendations of responsible investing’
Company | Assets (€m)
As at 30.6.23, *31.12.22, **31.3.23
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IPE BEST PENSION FUND IN NETHERLANDS AWARD WINNERS
1 January 2025: that’s the day the first Dutch pension funds will move to a defined contribution (DC) system according to the new Pension Act. So the clock is ticking for politicians who still hope to reverse the pension changes, or give members a say on the mandatory conversion of defined benefit (DB) accruals to DC capital, the most controversial part of the pension reform.
The asset management arm of the pension provider of the three pension schemes of airline KLM had been put up for sale in March
Plus: PMT’s ESG exclusion framework and PGGM’s DEI pledge
The agreed compensation for the disappearance of the sponsor guarantee is several hundreds of millions of euros higher than previously foreseen by the company
The predictions come as insurance firms have struggled to seal buyout deals with pension funds in recent years
The switch comes 17 years after the fund of the Dutch central bank adopted the fiduciary model and started working with BlackRock
The initiative provided ‘an unparalleled in-depth picture of members’ perspectives on the future, their values, and on their collective recommendations of responsible investing’
Pension funds blame the upcoming transition to DC arrangements for the cost rise
KLP and PGGM also deemed ‘misaligned with societal expectations’
According to the asset manager, the definitions of impact given by pension funds in requests for proposal are often too broadly formulated to build portfolios
The pledge is part of the pension asset manager signing the CFA Institute’s Diversity, Equity and Inclusion (DEI) Code