IPE's Netherlands Coverage – Page 155
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News
IPE winner delivers positive return
[12:00 CET 10-02] NETHERLANDS - De Eendragt Pensioenfond, the pension fund-turned insurance company and winner of the highest accolade at last year’s IPE Awards, has bucked the current trend in Dutch pensions investment by delivering a 4.4% positive return in 2008.
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News
Cautious DNB examines recovery time
[16:00 CET 02-02] NETHERLANDS - The president of the Dutch central bank and pension regulator will decide before 1 March whether pension funds will be given more time to recover from the credit crisis, though he has stressed in advance he does not favour giving more time to repair their ...
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News
IBM withholds indexation as BPF Bouw imposes limit
[16:00 CET 30-01] NETHERLANDS - BPF Bouw, the pension fund for the building industry, will only grant its active participants an indexation of their pension claims for 2009 while IBM is holding off from paying it this year.
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News
Funds blame bulk of decline on interest rates
[16:40 CET 29-01] NETHERLANDS – Major pension funds have argued up to two-thirds of the decline in their cover ratios, which now hover between 85% and 100%, was because of the steep drop in interest rates.
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News
€72bn evaporated from Dutch big four in 2008
[15:45 CET 29-01] NETHERLANDS – The four largest pension funds in the Netherlands, ABP, PFZW, PMT and PME, have seen their assets drop by €71.6bn as a results of the credit crunch.
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News
Pension funds set to receive €500m in Dutch tax rebates
[16:20 CET 28-01] NETHERLANDS/UK – The Dutch tax office will have to refund up €500m to pension funds after a legal challenge by the UK’s £9.24bn (€10.3bn) Strathclyde pension fund.
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News
Dutch KPN pledges €120m for pensions
[15:30 CET 27-01] NETHERLANDS – The Dutch telecoms giant KPN today said the cover ratio of its €430m pension fund dropped to 94% at the end of last year, requiring the corporation to inject around €120m into its fund over the course of this year.
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News
More time needed for Dutch recovery
[15:30 CET 26-01] NETHERLANDS – The Dutch employer organisation for the metal industry and union CNV have today argued pension funds need more time to recover from the global economic downturn than the current regulated timeframe.
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News
DNB prefers gradual recovery to claims cut - Hewitt
[16:00 CET 23-01] NETHERLANDS – The pensions regulator De Nederlandsche Bank would prefer pension funds with a shortfall of their financial reserves to gradually recover, rather than to base this process on discounting the pension claims of their participants, consultants have suggested.
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News
Dutch pensions fell 10% in nine months
[16:15 CET 20-01] NETHERLANDS - The combined pension assets of Dutch pension funds and life insurers dropped 10% during the first three quarters of 2008, Statistics Netherlands has revealed.
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Features
Why the FTK is future-proof
In this instalment of our series of discussion papers on defined benefit pensions, Klaas Knot argues why the Dutch FTK pension solvency system is robust and can cope with future developments and goals
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News
Recovery rules may force premiums up
[16:15 CET 19-01] NETHERLANDS - Pension funds could be forced to increase their pension contributions further in a bid to meet the recovery plans rules of regulator De Nederlandsche Bank, consultancy firm Hewitt Associates has suggested.
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News
ING grants indexation despite low cover ratio
[12:00 CET 19-01] NETHERLANDS - The €10bn pension fund of Dutch finance giant ING is still able to grant full indexation to its members, despite a shortfall on its required financial reserves.
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News
Pension funds invited for banking rescue talks
[16:15 CET 16-01] NETHERLANDS – A group of pension funds and insurers today have taken part in talks between banks and the Dutch ministry of finance for a €200bn guarantee scheme for the Dutch banking sector.
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News
Ailing printer manufacturer to top-up pension
[16:15 CET 12-01] NETHERLANDS – Dutch printer manufacturer Océ has today unveiled an €80m savings package for the firm but revealed it will also increase the cash contribution to its ailing Dutch pension fund.
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News
ABP and PFZW skip indexation
[16:35 CET 22-12] NETHERLANDS - Neither the large civil service pension fund ABP nor healthcare scheme PFZW will grant their participants an indexation payment for 2009.
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News
ABP raises contribution by 0.4%
[16:50 CET 28-11] NETHERLANDS - ABP, the €190bn civil service pension scheme, will raise pension contributions by 0.4% of participants’ salaries next year.
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News
ABP begins long-term recovery plan
[16:30 CEST 23-10] NETHERLANDS – ABP, the Netherlands’ largest pension fund, will have to submit a proposal to the pensions regulator explaining how it will improve its solvency ratio as latest figures from the €195bn pension fund shows its cover ratio has dropped below 125%.
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News
Aegon’s cross-border arm to cooperate with €2.4bn APK
[17:00 CEST 02-09] NETHERLANDS/AUSTRIA – The €2.5bn Austrian pension fund APK-Pensionskasse and Dutch insurer Aegon have signed a letter of intent that will allow both organisations to further expand internationally.
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FeaturesPension benefit indexation rules
Rachel Fixsen provides an overview of defined benefit pension indexing rules in three European countries
