mast image

Special Report

ESG: The metrics jigsaw

Sections

Dutch roundup: IBM, pharmacy workers, Actuarial Society

Related images

  • Dutch roundup: IBM, pharmacy workers, Actuarial Society

NETHERLANDS - The €3bn Dutch pension fund of electronics giant IBM has granted its participants in defined benefit plans an indexation of almost 2.8%.

Part of the pension increase - 1.2% - equates to 75% of the consumer index between September 2009 and September 2010, it said.

The additional 1.6% rise is meant to make up for the indexation the IBM scheme did not grant during the same period.

The Stichting Pensioenfonds IBM Nederland saw its coverage ratio increase to 131% at the end of 2010.

In other news, the €1.2bn scheme for pharmacy staff (PMA) announced an inflation compensation of 0.75%, following the salary index.

PMA's funding ratio has risen by 10 percentage points to 121% during December, officials told IPE.

Last year, the Pensionfonds Medewerkers Apotheken granted an indexation of 3.25%.

Lastly, the Actuarial Society (AG) has confirmed the departure of its director, Anno Bousema, who has been four years in the job.

After a 17-years career at the AG, Bousema will become a partner at Hilversum-based Financial Assets Executive Search, where he will be responsible for a new actuarial entity from 1 March, the AG said.

Up to 31 March, Bethe Alkemade-Akveld will acts as AG's interim director, advising the board during its search for a new director.

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-2572

    Asset class: High Yield Bonds.
    Asset region: Global.
    Size: $200m.
    Closing date: 2019-11-27.

  • QN-2573

    Asset class: Real Estate.
    Asset region: Global.
    Size: CHF 150m.
    Closing date: 2019-12-06.

  • QN-2575

    Asset class: Core Real Estate Muli-Manager Separate Managed Account.
    Asset region: Global.
    Size: CHF 150m.
    Closing date: 2019-12-20.

Begin Your Search Here
<