IPE's Netherlands Coverage – Page 6
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NewsABP sold €170m Thames Water stake in 2022
The sale came shortly after the Dutch civil service scheme had engaged with the troubled water firm on ‘several issues’ in 2021
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NewsPensioenfonds ING anticipates 20% benefits increase in new DC system
The fund’s board believes the reduced need for a buffer in DC will translate into higher pension benefits
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NewsDutch DC pension accruals ‘relatively low’, says regulator
Some 65% of workers in DC plans have pension contributions of 10% or less of pensionable salaries
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AnalysisAnalysis: Pension funds need flexible mind to invest in circular economy
Pension funds must remove barriers and relax financial and accounting requirements to allow for circular investments, according to investors and investee companies
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NewsPhilips pension fund caps indexation at 4% to protect buffer
The move can assist the scheme of the Dutch electronics firm to make the transition to the new DC system with a funding ratio of at least 110%
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NewsPGB to minimise solidarity aspect in new Dutch DC system
The Dutch multi-sector scheme will limit the solidarity buffer to the legally required minimum of 5%, while not offering a risk-sharing buffer in its flexible DC arrangement
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NewsClosed Dutch Unilever fund to continue DB arrangement
Univest, the investment vehicle for all global Unilever pension schemes, will hand over two bond mandates to external managers
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NewsFNV urges Dutch pension funds to divest from fossil fuels
The largest Dutch trade union believes engagement with oil and gas majors is ‘not credible’
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NewsDutch trade union chief: not sure members would support DC switch now
The new system is still not perfect, says FNV president Tuur Elzinga
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NewsDutch €9bn steel scheme to focus climate policy on ‘real world change’
The fund also reduced its exposure to emerging market equities due to an increase in geopolitical risk
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NewsDutch pension federation opposes increase in IORP regulation threshold
The Pensioenfederatie also said it is against the creation of a “low-risk category” of IORPs with less strict regulatory requirements
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Opinion PiecesCarbon reduction: absolute goals, please
Dutch healthcare scheme PFZW last month reluctantly changed its 50% CO2 reduction target for 2030 from a relative to an absolute target, following in the footsteps of fellow Dutch pension funds ABP and PME. The fund cited the “negative sentiment” around relative targets as a reason for its change of heart.
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NewsSenate passes Dutch DC switch after 15-year debate
The new pension law in the Netherlands will come into force on 1 July 2023
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NewsDutch pension providers welcome additional year for DC implementation
Dutch social partners had spoken out against any delays beyond 2027, but now say they can live with the postponement
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NewsABP and PME demand end to fossil fuel subsidies
The two Dutch pension funds signed a letter authored by Fossil Free Netherlands
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NewsFresh delay to Dutch pension reform
Pensions minister Carola Schouten has offered a one-year extension to the implementation period in order to secure a Senate majority for the DC transition
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NewsDutch Shell pension scheme reduces risk
The fund increased its interest rate hedge from 30% to 50% in 2022
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NewsShell pension fund investors pick LGT Capital for private equity, infrastructure
Plus: Swiss pension fund seeks TER cost benchmarking adviser
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NewsPFZW adopts 50% absolute CO2 reduction target
The change of heart follows criticism of the Dutch health care scheme’s initial relative reduction goal
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NewsNedlloyd finds combining engagement overlay with active management ineffective
The Dutch pension fund of shipping company Maersk has therefore ended its engagement overlay service contract with Columbia Threadneedle Investments
