IPE's Netherlands Coverage – Page 150
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News
Dutch DC providers still fail on cost transparency – AFM
NETHERLANDS – Insurers still do not provide sufficient clarity about the costs they charge on defined contribution (DC) arrangements, causing overly high retirement expectations among members, according to the Netherlands Authority for the Financial Markets (AFM).
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News
KPN scheme lowers fixed income risk profile
NETHERLANDS – The pension fund of telecoms firm KPN reduced its exposure to government bonds of eurozone and emerging economies last year in a bid to reduce its risk profile.
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Opinion Pieces
Pension contracts and regulation
Robert C Merton and Jan Snippe argue that Dutch pension legislation should be inspired by fresh and logical thinking
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News
Defined ambition should replace defined benefit – PGGM
NETHERLANDS – A new ‘defined ambition’ concept should replace defined benefit (DB) arrangements, according to a leading Dutch pensions actuary.
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NewsLump sum payments could help Dutch pension funds
NETHERLANDS - Introducing a lump sum payment as part of pension benefits could decrease the risks for Dutch pension funds, Hewitt Associates has suggested.
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News
Cover ratio of Dutch funds recovers to 109% – DNB
NETHERLANDS – Dutch pension funds’ nominal cover ratio has improved from 95% to 109% on average in 2009, while their combined assets have increased by €86bn to €663bn, according to pensions supervisor De Nederlandsche Bank (DNB).
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NewsTNO scheme returns 6.2% in first quarter
NETHERLANDS - The €2.1bn pension fund of the applied technical research institute TNO returned 6.2% on investments during the first quarter of 2010.
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News
ABP ups risk focus as cover ratio drops to 102% in April
NETHERLANDS - ABP, the large civil service pension fund, saw its assets increase to a record level of €220bn in 2009, on the back of a return of 20.2%, and an additional 6% in the first four months of 2010. The fund is also to tighten its risk management and ...
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News
Private equity manager delivers 9.2% for APG and PGGM
NETHERLANDS – AlpInvest Partners, the private equity manager for APG and PGGM Investments, seeks to build on its positive return last year by pursuing opportunities in the secondary and distressed debt markets in 2010.
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News
Harbour workers accept settlement in Optas pensions dispute
NETHERLANDS - The representative body of Dutch harbour workers (SBPVH) said it has settled its financial dispute with the Optas Foundation concerning the ownership rights to a harbour pension plan.
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News
Housing pension SPW gained 13.8% in 2009
NETHERLANDS - The €5bn pension fund for the housing corporations (SPW) has returned 13.8% on investments last year, its preliminary figures suggested.
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News
Shell's Dutch pension plan makes spectacular recovery
NETHERLANDS - The Dutch pension fund of energy giant Shell pulled back a major recovery on its investments last year and delivered a 26% return on assets.
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News
Dutch pension assets rose 10% in 2009 - DNB
NETHERLANDS - The combined assets of Dutch pension funds increased by 10% to €743bn in 2009, after a decrease of 17% during the previous year, according to pensions regulator De Nederlandse Bank (DNB).
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News
Pension funds recovering faster than expected - DNB
NETHERLANDS - Dutch pension funds have seen their recovery plans pull back considerably faster than anticipated last year, according to pensions regulator De Nederlandsche Bank.
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News
WM universe sees Dutch pensions generate 14.6%
NETHERLANDS – A study of over 100 Dutch pension funds has found the average pension fund saw a “partial recovery” in 2009 thanks in the main to a rise in the value of assets, led by equities, rather than from a decrease in liabilities.
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News
Achmea faces shake-up after losing business
NETHERLANDS - Insurance group Eureko is planning a shake-up at its Dutch asset manager and pensions provider Syntrus Achmea, after it lost significant market share in 2009.
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News
Dutch reinsured schemes gain breathing space over recovery plans
NETHERLANDS - Social affairs minister Piet Hein Donner has granted Dutch reinsured pension funds additional leeway in the time they have to submit a recovery plan, to help them avoid cuts in pension rights.
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Country Report
Netherlands: Save our system
The Dutch pension system is decaying due to legislation, accounting practices and the economic climate, writes Anton van Nunen
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Country Report
Netherlands: In practice
Both the Frijns Committee and the DNB, the Dutch supervisor, have been clear in their assessments: pension funds need to bolster their governance in order to bring asset management and risk management more under control. Mariksa van der Westen and Miranda Schoutsen ask what pension funds are doing to meet ...
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Country ReportNetherlands: Facing tomorrow’s risks today
Change is not an extravagant luxury, Piet Hein Donner, the Netherlands’ minister for social affairs and labour, told Mariska van der Westen
