Netherlands: Pensions and Investment News and Analysis
Europe’s second largest pension system is preparing for a historic shift away from the current defined ambition arrangements in favour of one with DC accrual but largely in a collective asset pool. Despite political murmurings among members of the current coalition government, there have been no serious attempts to row back on the reforms, which will kick in from 2025 onwards. The main change for pension funds will be moving away from a system that manages funding ratio, with risk capacity determined accordingly, to one that is arguably better suited to the long-term risk profile of the participants. What’s not to be underestimated is the IT challenge in migrating millions of accounts to the new system.
Pension Funds in Netherlands - Country Report
Netherlands country report 2024: Dutch pension funds distribute buffers
The arguments heat up over what to do with excess funds in Dutch pension schemes
TOP DUTCH PENSION FUNDS 2024
Pension fund/entity | Assets (€’000)
- ABP | 510,000,000
- Pensioenfonds Zorg en Welzijn (PFZW) | 242,360,000
- Pensioenfonds Metaal en Techniek (PMT) | 84,411,332
- BPF Bouwnijverheid (bpBOUW) | 66,338,803
- Pensioenfonds van de Metalektro (PME)| 55,728,949
©IPE Research; View the Top 1000 European Pensions Funds 2024 for a comprehensive market overview
Dutch early birds in ‘emergency meeting’ with regulator to keep DC switch on track
Pensioenfederatie president Ger Jaarsma called up his counterpart at pension regulator DNB to smooth differences over the interpretation of certain guidelines
Dutch fund for doctors to divest from fossil fuels
The move follows a vote by the scheme’s members
Dutch Shell scheme appoints BlackRock as fiduciary manager
The move comes ahead of the fund’s transition to a new DC arrangement in 2027
Dutch pension funds to report CO2 reduction progress
Regulator DNB says it needs more data from funds to monitor their sustainability risks
Dutch trade unions strike for early retirement
Unions want permanent arrangement giving workers with ‘arduous professions’ the possibility to retire up to three years early
TOP MANAGERS: DUTCH INSTITUTIONAL ASSETS
Company | Assets (€m)
- APG | 457,950*
- PGGM | 229,000
- BlackRock | 195,150
- Achmea Investment Management | 174,550
- MN | 134,200*
- Aegon Asset Management | 79,844**
- ASR Vermogensbeheer | 74,955
- Van Lanschot Kempen Investment Mngt. | 66,909
- State Street Global Advisors | 58,402
- Northern Trust Asset Management | 45,959
As at 30.6.23, *31.12.22, **31.3.23
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IPE BEST PENSION FUND IN NETHERLANDS AWARD WINNERS
- 2023 - Rabobank Pensioenfonds
- 2022 - PFZW
- 2021 - PFZW
- 2020 - Shell Nederland Pension Fund (SNPS) and SBZ Pensioen
- 2019 - Stichting Calpam-Pensioenfonds
Interviews
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Disagreements over pension reform persist in the Netherlands
When King Willem-Alexander read out his speech at the opening of the Dutch parliament, the topic of pensions was missing.
Dutch early birds in ‘emergency meeting’ with regulator to keep DC switch on track
Pensioenfederatie president Ger Jaarsma called up his counterpart at pension regulator DNB to smooth differences over the interpretation of certain guidelines
Dutch fund for doctors to divest from fossil fuels
The move follows a vote by the scheme’s members
Netherlands country report 2024: Dutch pension funds distribute buffers
The arguments heat up over what to do with excess funds in Dutch pension schemes
Disagreements over pension reform persist in the Netherlands
When King Willem-Alexander read out his speech at the opening of the Dutch parliament, the topic of pensions was missing.
How two pension funds are already using AI
PGGM is using large language models in ESG, generic AI in forecasting to improve on quant models and ChatGPT to improve coding.
IPE Netherlands Briefing: Dutch Shell fund appoints fiduciary manager
Plus: PME pledges to invest in nuclear power plants; Pension funds accused of focusing excessively on sustainability in their investment policies
Dutch Shell scheme appoints BlackRock as fiduciary manager
The move comes ahead of the fund’s transition to a new DC arrangement in 2027
Dutch pension funds to report CO2 reduction progress
Regulator DNB says it needs more data from funds to monitor their sustainability risks
Dutch trade unions strike for early retirement
Unions want permanent arrangement giving workers with ‘arduous professions’ the possibility to retire up to three years early
Why Dutch pension assets have fallen since 2021
The largest pension pot in the EU is still some €220bn smaller than it was at the end of 2021, bucking a pan-European trend of continued asset growth
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