All articles by Leen Preesman – Page 84
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NewsHenk Kamp to replace Donner as Dutch social affairs minister
NETHERLANDS – Henk Kamp, 58, has been officially nominated as social affairs minister in the new Dutch cabinet, which is expected to be inaugurated later this week.
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NewsInternational experts sing Dutch pension system's praises
NETHERLANDS – International pension experts have heaped praise on the Dutch pension system and the way the industry has responded to the challenges of the credit crisis.
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NewsSPOV, PFZW to deploy 'pension bus' to educate participants
NETHERLANDS – The €99bn healthcare scheme PFZW and the regional public transport pension fund SPOV will deploy a bus as a mobile office to inform participants about pensions at their workplace.
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NewsDutch authorities' pension decisions risk hurting economy, says APG's Kemna
NETHERLANDS – Politicians and supervisors must understand short-term supervisory decisions for pension funds' investment policies could damage the Dutch economy, according to Angelien Kemna, chief investment officer of the €250bn asset manager APG.
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NewsIncreasing Dutch retirement age by 2020 is 'too little too late'
NETHERLANDS – The increase of the Dutch state pension AOW age from 65 to 66 in 2020 is "too little and far too late" to counter the financial impact of an ageing population, according to Sweder van Wijnbergen, economist at Amsterdam University.
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NewsDutch fund PME sticks to recovery plan without rights cuts
NETHERLANDS – The board of the €22bn pension fund for the Metalektro (PME) has insisted it can recover its financial position without cutting its participants' rights.
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NewsAdjustment of existing Dutch pension contracts 'inevitable', experts say
NETHERLANDS – Dutch pension funds' existing pension contracts will have to be adjusted to have enough impact on the financial position of funds with shortfalls, risk management experts have claimed.
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NewsDutch watchdog putting final touches on two-tier financial assessment framework
NETHERLANDS – A new dual-approach financial assessment framework (FTK) will offer Dutch pension funds the option of providing their participants either nominal security or arrangements that target a real coverage ratio but depend on market developments and longevity.
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NewsFormer manager at AZL accused of taking bribes
NETHERLANDS – A former employee of pensions provider AZL has been accused of committing property fraud by accepting bribes.
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NewsPwC: Multinationals must centralise pension expertise to manage liabilities
GLOBAL – Multinational companies should try to centralise their pension expertise to better manage their liabilities, according to PricewaterhouseCoopers (PwC).
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NewsDutch regulator butts heads with Donner over insurers' credit risk
NETHERLANDS – Pension supervisor De Nederlandsche Bank (DNB) has contradicted social affairs minister Piet Hein Donner about the potential effect of credit risk posed by insurers to reinsured pension funds.
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NewsInterest hedge sweeps Dutch cleaners pension scheme
NETHERLANDS – The €1.8bn pension fund for cleaners and window cleaners saw its 14% return on investments fall by 7.7 percentage points, largely due to its 75% hedge of the interest risk on its liabilities.
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NewsDonner: Reinsurance still offers added value to Dutch schemes
NETHERLANDS – Dutch pension funds may continue to reinsure their risk with insurance companies as the practice still offers added value, according to social affairs minister Piet Hein Donner.
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NewsDutch fund PFZW prepares for premiums rise, rights cuts
NETHERLANDS – The PFZW's 1.2m active participants may face a contributions increase of 2.5% – to a total of 25.6% of their pensionable salary – if the €96.5bn healthcare scheme fails to recover sufficiently, it said.
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NewsDonner calls on IASB to accommodate Dutch pension arrangements
NETHERLANDS – Dutch social affairs minister Piet Hein Donner has asked that the International Accounting Standards Board's new accounting rules for listed companies take into account pension arrangements under which liabilities are not fully carried by the employer, but by an independent pension fund.
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NewsShortfall threatens entire Dutch pension system, says regulator
NETHERLANDS – Allowing shortfalls for a prolonged period will jeopardise the continuity of the entire Dutch pension system because young workers will try to escape the present pension contract if they must foot a disproportionately large part of the bill, according to pension supervisor De Nederlandsche Bank (DNB).
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NewsDutch coverage ratios showing signs of recovery
NETHERLANDS – Dutch pension funds' average coverage ratio has bounced back by 3% to 6% after reaching dramatic lows at the end of last month, according to consultants.
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NewsDutch pension fund groups to merge into federation
NETHERLANDS – The three Dutch pension fund lobbying organisations have agreed to intensify their co-operation by merging their resources into a federation.
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Dutch fund PME to hire Van Markwijk as CIO
NETHERLANDS – The €22bn pension fund for the metal and electrotechnical engineering industry (PME) has appointed John van Markwijk as CIO, effective from 1 October.
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NewsHewitt: Dutch coverage ratios under yet more pressure
NETHERLANDS – The Actuarial Society's new longevity figures, which will be presented officially on Monday, will be worse for Dutch pension funds than initially assumed, according to consultancy Hewitt Associates.
