Disabled workers’ scheme switches to ‘cheaper’ passive strategy
The €8.5bn PWRI is also aiming to expand its responsible investing strategy and has added to allocations to green bonds and its ‘inclusion portfolio’
Intergenerational fairness under pressure in Dutch system, survey finds
The principle of solidarity between pension fund participants – one of the key elements of the Dutch pensions system – is under pressure, according to Netspar
€19bn agriculture sector scheme eyes property investments
BPL’s real estate holdings generated 17.8% last year, according to its annual report – and it wants to put more money into the asset class
Netherlands roundup: Longevity gap increases
Plus: Achmea Pensioenservices posts €14m loss in the first half of 2019 as it continues to phase out old IT systems
Dutch pensions reform ‘threatens healthy schemes’: SPH chair
Chairman of GPs’ pension scheme warns that sharing out funding surpluses among participants would be “unworkable and undesirable”
Dutch shipping sector scheme to lose mandatory status
The €970m Pensioenfonds Rijn- en Binnenvaart lacks support for compulsory participation and could be restructured to allow more employers to join
€2.2bn scheme tightens manager constraints after regulatory intervention
De Nederlandsche Bank stepped in to demand changes to Pensioenfonds Atos’ investment strategy and governance processes
Dutch union demands state pension increase as second-pillar cuts loom
FNV’s Tuur Elzinga says the Netherlands’ government should raise state pension benefits to compensate for imminent cuts to second-pillar pension payments
ABN Amro scheme expects ‘limited effects’ from Brexit
The €29bn pension fund sees market volatility, declining sterling and the ability to settle transactions as big risks, and has analysed suppliers’ ability to continue through multiple Brexit scenarios
€3bn Dutch pharmacy staff scheme reduces risk profile
PMA reduces equities allocation from 50% to 40% in favour of fixed income, lifts interest rate hedging to 40%
Dutch schemes headed for rights cuts after dramatic funding drop
Pension funds’ coverage ratio declined by four percentage points in the first week of August
Dutch pension fund Equens to join consolidation vehicle
APFs – general pension funds – are rapidly gaining in popularity in the Netherlands
Dutch regulator’s pension fund aims for 30% outperformance on ESG
Pensioenfonds De Nederlandsche Bank also plans to reduce its carbon footprint by 10% relative to benchmark, and cut controversial weapons and tobacco from its investment universe
KPN scheme ups fixed income holdings after difficult 2018
The €10.2bn KPN Pensioenfonds cuts strategic allocation to securities in favour of fixed income, and has allocated to green bonds
Netherlands roundup: Energy firm’s scheme seeks consolidation vehicle
Also: The average age at which Dutch workers retire has risen to 65, according to Statistics Netherlands
‘Link investment policies to scheme demographics’, says trustee
Schemes’ investment policies should be geared to the age of a scheme’s population, says Dutch pension trustee Paul de Geus
Dutch military staff to switch from final to average salary accrual
Personnel will be compensated for the negative effects of a change that will bring an end to one of the Netherlands’ last open final salary pension funds
Dutch IT sector scheme TrueBlue seeks consolidation options
The €362m industry-wide pension fund says it is ‘too small’ and has abandoned a plan to become the sector scheme for the digital sector
Chart of the Week: How Europe’s pension funds performed in H1
Double-digit investment performance has not lightened the mood as Dutch pension funds face benefit cuts and others warn of turbulent times ahead
New players waiting in the wings for Dutch administration market
International companies including Capgemini and Tata could drive innovation as part of pensions reform, says consultancy firm Quint
Fiduciary responsibility: A question of legality
Managers remain puzzled on meaning of legal amendment
Investment: The limits of expectations
How are Dutch funds doing against their long-term targets?
State pension age: Another hurdle for pensions reform
Unions mistrust politicians following ‘many broken promises’
Almost solved...
Nicole Beuken, executive director of ABP, the largest pension fund in the Netherlands
Key Dynamics: A market overview
Alternatives, ESG adoption and further fund consolidation are the key trends highlighted by INDEFI
Insurer seeks ‘evergreen’ private equity, infra funds via IPE Quest [updated]
A total of $80m is up for grabs in two separate tenders being conducted by a Swiss consultant
Multi-asset manager sought for German foundation via IPE Quest [updated]
€15m multi-asset mandate up for grabs for asset manager based in a German-speaking country
Swiss investor hunts for private equity manager via IPE Quest
The unnamed pension fund is seeking bottom-up managers for a $5m-$10m mandate, while two more mandate searches are closing this week
Compenswiss tenders real estate mandate worth €50-100m via IPE Quest
Quartet of tenders sees Swiss and Nordic investors allocate to China A-shares, currency hedging and core real estate as investors continue diversification push
Italy roundup: Industry scheme seeks managers for €1.6bn worth of mandates
Fondo Telemaco seeks private equity and private debt managers to run €105m; Solidarietà Veneto picks Groupama, Eurizon for new mandates
LD tenders DKK1bn Danish equities, ‘many more’ mandates to follow
Austrian pension funds return 6.72% over H1 2019
ATP picks BNY Mellon to replace Northern Trust as global custodian
Swiss pension fund looks to allocate more than €3bn to EMD, high yield
Italy roundup: Allianz GI wins €220m mandate from Fondo Telemaco
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