Cyril Widdershoven
NewsDNB steps up scrutiny on Philips real estate scandal
[15:00 CET 08-02] NETHERLANDS – DNB, the supervisor of the Dutch pension sector, said it is increasing its review of real estate transactions done by with Dutch pension funds, on the back of fraud uncovered at the Philips pension fund, as well as increased volatility on the international real estate ...
NewsVervoer invests in RaboBouw infrastructure
[16:00 CET 04-02] NETHERLANDS –Vervoer, the €6.4bn industry-wide pension fund for the private transport sector, has been cited as one of the main investors for a new infrastructure investment fund created by Rabobank’s subsidiary Rabo Bouwfonds.
NewsDNB steps up pensions supervision on market worries
[13:30 CET 01-02] NETHERLANDS – Regulator of pension funds, the Dutch Central Bank (DNB), has warned it is increasing its supervision of Dutch pension funds’ management and investment strategies on the back of growing concern about the negative impact of the US financial crisis.
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DNB embarks on fining spree
[14:15 CEST 25-09] NETHERLANDS - Dutch insurer Achmea is the latest company to be hit with a fine from pensions regulator De Nederlandsche Bank (DNB) for reportedly violating Dutch law on corporate pension funds’ use of member data.
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Foundation says EC to sue Dutch government
[15:00 CEST 20-09] NETHERLANDS – The European Commission is to take the Dutch government to the European Court of Justice over double taxation practices which are reducing pensions, according to the Foundation of Migrant Workers, the Stichting grensarbeid.
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OPF warns nFTK pressures reinsured pensions
[14:00 CEST 06-09] NETHERLANDS - The Netherlands Association of Company Pension Funds (OPF) is lobbying for pension reforms as the implementation of a new law will potentially double the financial reserve requirements of reinsured pension funds.
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ING spreads wings into Greece and Latin America
[16:00 CEST 30-07] NETHERLANDS - Dutch banking group ING has signed a memorandum of understanding with Greece-based Piraeus Bank for a 10-year exclusive distribution partnership in Greece covering life, employee benefits and pension insurances.
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Institutional run on SNS's micro-credit fund
[15:51 CEST 11/06] NETHERLANDS – Dutch bank SNS Reaal has decided to re-open its micro-credit investment fund because of unexpectedly high demand from institutional investors.
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DNB faces pensioner healthcare pressure
[17:15] NETHERLANDS - The Dutch Central Bank (DNB), the main regulator of the Dutch pension sector, is facing its own pension crisis over the coming weeks as ex-employees of the DNB are taking the bank to court in relation to lower overall benefit payments.
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Report suggests indexation disclosure
NETHERLANDS – Pension funds should be obliged to disclose their approach to indexation, a report for the Dutch pension institute Netspar finds.
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WHO warns on copycat pension systems
GLOBAL - The World Health Organization (WHO) has stated that developing countries should not copy pension systems currently available in the West.
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PGGM backs giant real estate merger
REAL ESTATE – Dutch healthcare pension fund PGGM has backed a proposed €11bn merger between Dutch real estate fund group Rodamco Europe and French developer Unibail.
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New pan-European vehicle proposed
NETHERLANDS - Dutch pension schemes could reform themselves to become Europe-wide financial services providers, according to government-sponsored research.
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Belgian pension fund returns down to 8.76% in 2006
BELGIUM – Belgian pension fund returns fell by 6.2 percentage points to 8.76% over 2006, according to a Belgian Association of Pension Funds (BAPI) study. Performance for 2005 was 14.96%.
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Pensions inflation indexing back on Dutch agenda
NETHERLANDS – Pensions in payment will increase by 1.8% in 2007 and so exceed inflation, a study by the Dutch Central Bank (DNB) predicts.
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Horeca pension fund increases payment pressure on clients
NETHERLANDS – The €2bn pension fund for the Dutch hotel and catering sector Pensioenfonds Horeca & Catering’s new money collection policy is has been met with some concerns by employers.
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International trade unions target private equity
SWITZERLAND – The international trades union federation (ITUC) has told business leaders at the World Economic Forum in Davos that private equity funds ought to be screened by third parties.
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Transylvanian bank prepares for new pensions market
ROMANIA - Dutch insurance and pension company Aegon has signed an agreement with Romania’s Banca Transilvania to set up a pension fund management company. The new 50-50 joint-venture will become active this summer.
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WM reports Dutch pension funds achieve 7.2% in 2006
THE NETHERLANDS – Dutch pension funds, with combined assets under management of €650bn, saw a year-end return of around 7.2%, according to investment performance firm WM Performance Services.
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Think-tank puts pension bill at €11bn
NETHERLANDS – The central Dutch think-tank, the Netherlands Bureau for Economic Policy Analysis (CPB), has warned that people are too optimistic about the expense of longevity.
