IPE's Netherlands Coverage – Page 16
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NewsDutch schemes remaining in DB required to explain decision, says regulator
According to DNB, pension funds risk going along too easily with employer demands to retain a DB arrangement and close for new accruals
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NewsBooking.com to join Dutch pension fund, court rules
The costs for the travel agency to join PGB retroactively from 1999 may amount to more than €400m
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NewsDutch pension funds well prepared for liquidity crunch, say regulators
The switch to obligatory central clearing will increase liquidity needs while the transition to DC will likely have the reverse effect, according to regulators DNB and AFM
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NewsDutch funds fail to meet promise to implement OECD Guidelines
Only five out of 75 pension funds in the Netherlands have fully implemented a 2018 agreement to do so
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NewsDutch pension fund returns back in positive territory
But funding ratios mostly fell as four of the five funds indexed pensions
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NewsAPG closes Beijing office
APG had anticipated greater interest in local currency bond strategy it ran from the office in partnership with local asset manager E-Fund Management
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NewsPension funds can continue DC transition, says Dutch parliament
MP Agnes Joseph, however, submitted a motion calling on pensions minister Carola Schouten to explore alternatives to the mandatory conversion of DB accruals to personal pension capitals
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NewsAegon compensates customers for inappropriate interest rate hedge hike
The insurer had increased the interest rate hedge of a pension product with an offensive risk profile from 45% to 85% in the summer of 2021
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NewsReferendum on Dutch pension transition ‘logical’, says architects fund
This week, political party NSC is likely to propose a referendum about the transition of DB accruals to DC
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NewsDutch fiduciary transfers dry up in 2023
The reason for this is believed to be the upcoming transition from a DB system to DC arrangements
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NewsUS GAAP stumbling block for Dutch DC switch
Several pension funds told regulator DNB the matter prevents them from making the transition to DC
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AnalysisDutch pension funds keep increasing interest rate hedges
Funds increasingly want to protect their funding ratios in the run-up to the pension transition and see an opportunity to lock in rates at current high levels
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InterviewsInvestors poised to raise fixed-income allocations
European institutions discuss their strategies for fixed income, which is finally attracting capital as central banks reach the end of the hiking cycle
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NewsDutch pensions minister warns against consequences of referendums
New political party NSC, which is currently in negotiations to form a government, wants all pension funds to organise a referendum on the transition from DB to DC
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NewsDutch harbour pilots to see 8% pension rise in new system
The rise is applicable at the fund’s current funding ratio of 121%
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NewsNBIM extends long-running Niger Delta engagement with Shell, Eni
Norwegian SWF says ‘still a forward-looking risk of norm violation’ by the oil companies
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NewsMismatch between Dutch funds’ SDG demands and investment opportunities
Bonds that finance projects that contribute to SDG 12 (Responsible Consumption and Production), Life below Water and Life on Land (SDGs 14 and 15) are especially hard to find
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NewsRegulator fines Dutch retail scheme for communication mishaps
Pensioenfonds Detailhandel has accepted the €136,000 fine, but claims the regulator’s conclusions were ‘too firm’ and were based on too little information
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NewsDutch rail pension fund selects Amundi’s ALTO Investment platform
Rail & OV will leverage the ALTO platform to manage direct assets and consolidate delegated assets representing approximately €23bn in total
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NewsDutch central bank brings investments in line with Paris Agreement
DNB has been urging pension funds to better account for climate risk in their investment policies for years, and is now putting its money where its mouth is
