IPE's Netherlands Coverage – Page 163
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Features
Middle manager views
At end-March 2004 Dutch pension fund had total assets of e480bn, according to the latest Bureau Bosch report on Trends of the Dutch Investment Management Market*. And some e316bn of Dutch institutional assets were managed externally, up from e296.6bn a year earlier. At the top of the rankings the report ...
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Features
Tsunami support fund launched
Pension funds are founded for one sole purpose – to make sure workers get a decent pension when they retire. So it came as a bit of a surprise when two of Europe’s biggest pension funds, ABP and PGGM, announced they were setting up a support fund for the elderly ...
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Features
NIB takes full ownership of FundPartners
NIB Capital, ABP and PGGM’s jointly owned merchant banking venture, is to acquire full ownership of its asset-structuring arm FundPartners. Hague-based NIB Capital currently owns 50.1% of FundPartners, which provides asset structuring and custody monitoring services to the Netherlands and Benelux pensions industry. NIB Capital bought a majority stake in ...
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Features
Is mandatory outsourcing welcome?
The Minister of Social Affairs and Employment in the Netherlands is investigating whether Dutch pension funds should change the way in which they implement pension schemes. This is to take account of possible developments in European competition law. The minister is considering requiring pension funds to split the pension fund ...
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Features
Managing in a cold climate
For Theo Jeurissen, investment manager of the e22bn Pensioenfonds Metaal en Techniek (the Dutch metalworking and mechanical engineering sector pension fund), the two newest issues are: how to deal with the rule changes requiring pension fund valuations to use market rates when valuing a portfolio rather than a fixed 4% ...
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Features
Prepensions refuse to lie down
The trade unions, in particular FNV and CNV, in cooperation with the employer’s organisations, such as the VNO-NCW and MKB, have stopped the current Dutch liberal-Christian Democrat government from totally overhauling the pension sector. Nonetheless, further changes are due to come in the coming months. The Museumplein-agreement between social partners ...
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Features
Practical implications of using derivatives
Practical implications of trading derivatives can make pension funds reluctant to implement a derivatives program. Outsourcing has benefits but could be in conflict with upcoming governance rules. An in-house derivative program is cost effective, transparent and not as difficult as it may seem. An attempt to demystify derivative implications. In ...
