IPE's Netherlands Coverage – Page 154
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FeaturesNetherlands: Pragmatism reigns
Mariska van der Westen and Liam Kennedy review the changes that The Hague has in mind for Dutch pension funds this year and next
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News
Horeca pension losses spark passive move
[15:00 CEST 24-08 NETHERLANDS - The €2.5bn pension fund for the hotel and catering sector (PH&C) has changed its asset management approach from active to mainly passive.
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News
Levensloop deposits fall 7% (updated)
[16:00 CEST 19-08] NETHERLANDS - Dutch workers paid 7% less into their tax-friendly ‘levensloop’ or life course saving plans in 2008, latest figures reveal.
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News
ING in insurance rethink
EUROPE - ING is to integrate its Dutch insurance activities under the Nationale Nederlanden brand, and will create a single insurance operation in the rest of Europe, including Central Europe.
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News
Physios scheme scales down unconditional indexation
[16:45 CEST 07-08] NETHERLANDS - The €1.6bn pension fund for physiotherapists (SPF) has decided to lower its 2.5% fixed indexation payment, as the scheme had a cover ratio of 94% by the end of last year and a return of –14%.
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News
Dutch premiums may need to rise by a third – study
[16:30 CEST 07-08] NETHERLANDS – Current pension contribution levels may have to rise by an average of one-third by 2014, if pension funds are to recover their funding ratio to the required minimum of 105%, suggests research.
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News
Dutch employers warn pensions must be cut
[15:30 CEST 05-08] NETHERLANDS - Dutch employers have called on pension arrangements to be cut, as the rapidly rising costs are said to be damaging the competitiveness of Dutch companies.
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NewsPension fund recoveries could hurt Dutch GDP - DNB
[15:45 CEST 04-08] NETHERLANDS - Pensions regulator De Nederlandsche Bank has claimed the mandatory recovery arrangements of Dutch pension funds may reduce GDP by 0.15% a year or 0.75% by 2013.
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NewsAkzoNobel pension deficits hit €1.5bn
[17:05 CEST 29-07] UK/NETHERLANDS – Quarterly figures from Dutch paint and coatings firm AkzoNobel has revealed almost £20m (€23.3m) extra had to be pumped into the ICI UK defined benefit (DB) pension fund in the second quarter following its latest funding valuation.
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News
Hedge limits Dutch retail funds loss
[17:10 CEST 27-07] NETHERLANDS - The €6.9bn pension fund for the retail sector (BD) says it limited its loss to -1.1% in 2008, thanks to an interest rate hedge on two-thirds of its liabilities.
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News
Shell scheme saw assets dive by 43%
[14:00 CEST 24-07] NETHERLANDS - The Dutch pension fund of energy giant Shell saw its assets drop by over 43% to €10.6bn last year, and its cover ratio plummeted from 180% to 80%.
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News
SPMS saw cover ratio drop by a third
[16:30 CEST 23-07] NETHERLANDS - The €4.2bn pension fund for medical consultants SPMS returned –16.2% on investments in 2008 and saw its cover ratio drop from 146% to 98%.
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News
PfZW maintains 100% cover ratio
[16:00 CEST 23-07] NETHERLANDS – Pensioenfonds Zorg & Welzijn, the Dutch pension fund for care and welfare workers, has managed to hold onto the 100% cover ratio achieved by the end of May, thanks to a strong second quarter of gains in most asset classes.
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News
Interest and currency hedges help TNO limit losses
[16:40 CEST 20-07] NETHERLANDS - The €1.9bn pension fund of the institute for applied scientific research TNO managed to limit its loss to - 7.1% thanks to major hedging of both its interest and currency risks.
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News
TNT doubles pension premiums to deliver security
[16:15 CEST 16-07] NETHERLANDS – TNT, the Dutch postal service, almost doubled the employer contribution into its pension fund starting from April, in a bid to improve the cover ratio of its pension scheme.
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News
Dutch notaries and pharmacists face pension cuts
[13:00 CEST 16-07] NETHERLANDS - Approximately 5,000 participants of the pension fund for notaries could face an 8.4% cut in pension benefits and claims by 2012, while members of the SPOA scheme could see reduced pensions too.
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News
DNB rejects 'small number' of recovery plans
[17:00 CEST 15-07] NETHERLANDS - Pensions regulator De Nederlandsche Bank has rejected a ‘small number’ of recovery plans, and is still discussing fine-tuning recovery proposals with approximately 50 schemes.
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News
ABP, PME and PMT see positive gains so far
[16:30 CEST 15-07] NETHERLANDS – Three of the Netherlands' largest pension funds saw significant improvements to their investment returns and cover ratios during the last three months, though PME said it is still awaiting regulatory approval of its recovery plan.
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News
Pensions deficits grow to €1.7bn at Philips
[16:45 CEST 14-09] GLOBAL – Philips, the electronics manufacturer, has reported the deficit on its defined benefits pensions plans now stands at over €1.7bn globally as a result of negative market activity in the last six months.
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News
Rabobank agrees new terms with Syntrus Achmea
[13:30 CEST 02-07] NETHERLANDS - The €11.7bn pension fund of Rabobank will maintain its contract with pension provider Syntrus Achmea, after agreeing new conditions for improved service.
