mast image

Special Report

Impact investing

Sections

Dutch low-cost DC schemes approach €10bn in assets

Related Categories

The invested capital run by PPIs – low-cost defined contribution schemes – in the Netherlands amounted to €9.7bn at the end of the first quarter of this year, marking a growth of 20% compared to the fourth quarter of 2018.

According to data from Dutch regulator De Nederlandsche Bank (DNB), the number of active members increased by 11% in the same period to almost 44,000. 

Almost half of the capital increase, €814m, was from returns on investment, while 30% (€503m) was attributed to newly transferred pension plans. More than a quarter of the increase (€429m) was from contributions.

The growth of 20% compared to the previous quarter was the largest increase since the end of 2015. Compared to a year earlier, the PPIs saw their combined assets under management grow by 40%.

<

This was more than the 32% increase recorded for the same period a year earlier, but a lot lower than previous annual growth, with data showing increases of 64% in 2017, 107% in 2016 and 202% in 2015. This concerns the total amount of invested capital at members’ risk. 

PPIs still manage only a fraction of the capital invested across all workplace pension plans in the Netherlands. According to DNB, the invested capital at the end of the first quarter amounted to €1.4trn in defined benefit and similar schemes, while defined contribution-type schemes managed €6.2bn. 

Meanwhile 770,000 members have their pension assets housed at a PPI. The number of active members grew in the first quarter to almost 440,000, an increase of 11% compared to a quarter earlier. In addition, there were 330,000 deferred members, 7% more than three months earlier.

Related images

  • 'Pensions funds should ramp up local investment'

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2548

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 300-400m.
    Closing date: 2019-07-30.

  • QN-2549

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 300-700m.
    Closing date: 2019-07-30.

  • QN-2550

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2551

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2552

    Asset class: Fixed Income, High Yield (Active).
    Asset region: High Yield (US).
    Size: CHF 500-600m.
    Closing date: 2019-07-29.

  • QN-2553

    Asset class: Fixed Income, High Yield (Passive or Passive Enhanced).
    Asset region: High Yield (US).
    Size: CHF 500-1'100m.
    Closing date: 2019-07-29.

  • QN-2554

    Asset class: Global Real Estate (Equity, unlisted Funds).
    Asset region: World (ex-Switzerland).
    Size: CHF 200 mn (potential for further growth).
    Closing date: 2019-08-07.

  • QN-2555

    Asset class: Real Estate.
    Asset region: European.
    Size: EUR 50 - 100 million.
    Closing date: 2019-07-22.

  • QN-2556

    Asset class: FX Hedging.
    Asset region: Global.
    Size: Mandate size of CHF 1.5 bn.
    Closing date: 2019-08-09.

  • QN-2557

    Asset class: All/large Cap Equities.
    Asset region: China A-shares.
    Size: Unit linked platform (0m USD in initial investment).
    Closing date: 2019-08-01.

Begin Your Search Here
<