Netherlands: Pensions and Investment News and Analysis
Latest news and analysis of pensions, asset management, regulation and trends in the Netherlands from our award-winning journalists.
Pension Funds in Netherlands - Country Report
Netherlands Country Report 2024: The pension transition dilemma
Dutch pension funds must tread a fine line between protecting funding levels and ensuring sufficient returns as they move to defined contribution
TOP DUTCH PENSION FUNDS 2023
Pension fund/entity | Assets (€’000)
- ABP | 473,310,000
- Pensioenfonds Zorg en Welzijn (PFZW) | 224,991,000
- Pensioenfonds Metaal en Techniek (PMT) | 77,035,479
- BPF Bouwnijverheid (bpBOUW) | 61,636,057
- Pensioenfonds van de Metalektro (PME)| 50,743,347
©IPE Research; See IPE’s Top 1000 Pension Funds for the full ranking
Key fund data for Netherlands
Sources: Pension assets - IPE research; Occupational pension assets as % of GDP - OECD June 2022; Working population, data as of end 2021 - World Bank; Projected old-age dependency ratio 2050 per 100 people - Eurostat 2021; gross average replacement rate - OECD Pensions at a Glance, 2021; Asset Allocation - OECD Pension Funds in Fugures, June 2022
Dutch ‘early birds’ postpone DC transition
Only 10 pension funds are now still scheduled to make the transition to a new DC arrangement by 1 January 2025
Rising equity markets spike Dutch funding ratios
ABP and PFZW suffered losses on their government bond portfolios, however, as Dutch and German yields rose
Dutch pension funds cannot reduce risk without limits, says regulator
Many Dutch schemes plan to dial down investment risk to protect their funding ratios in the run-up to the pension transition
Dutch pension funds made 9.5% return on average in 2023
Smaller funds did comparatively better than large funds
PGGM loses sustainability heavyweight to Dutch think tank
Brenda Kramer has left PGGM and will take the helm at Sustainable Finance Lab
TOP MANAGERS: DUTCH INSTITUTIONAL ASSETS
Company | Assets (€m)
- APG | 457,950*
- PGGM | 229,000
- BlackRock | 195,150
- Achmea Investment Management | 174,550
- MN | 134,200*
- Aegon Asset Management | 79,844**
- ASR Vermogensbeheer | 74,955
- Van Lanschot Kempen Investment Mngt. | 66,909
- State Street Global Advisors | 58,402
- Northern Trust Asset Management | 45,959
As at 30.6.23, *31.12.22, **31.3.23
©IPE Research; Sign up to IPE Profesional to see all the data in the latest country report
IPE BEST PENSION FUND IN NETHERLANDS AWARD WINNERS
- 2023 - Rabobank Pensioenfonds
- 2022 - PFZW
- 2021 - PFZW
- 2020 - Shell Nederland Pension Fund (SNPS) and SBZ Pensioen
- 2019 - Stichting Calpam-Pensioenfonds
Interviews
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Could Dutch pension reforms still be reversed?
1 January 2025: that’s the day the first Dutch pension funds will move to a defined contribution (DC) system according to the new Pension Act. So the clock is ticking for politicians who still hope to reverse the pension changes, or give members a say on the mandatory conversion of defined benefit (DB) accruals to DC capital, the most controversial part of the pension reform.
Dutch ‘early birds’ postpone DC transition
Only 10 pension funds are now still scheduled to make the transition to a new DC arrangement by 1 January 2025
Rising equity markets spike Dutch funding ratios
ABP and PFZW suffered losses on their government bond portfolios, however, as Dutch and German yields rose
Dutch pension funds cannot reduce risk without limits, says regulator
Many Dutch schemes plan to dial down investment risk to protect their funding ratios in the run-up to the pension transition
Dutch pension funds made 9.5% return on average in 2023
Smaller funds did comparatively better than large funds
PGGM loses sustainability heavyweight to Dutch think tank
Brenda Kramer has left PGGM and will take the helm at Sustainable Finance Lab
APG to cut asset management jobs as clients move to passive
Costs are a ‘recurring element’ in conversations with pension funds, says CEO Ronald Wuijster
Netherlands Country Report 2024: The pension transition dilemma
Dutch pension funds must tread a fine line between protecting funding levels and ensuring sufficient returns as they move to defined contribution
Ahold Delhaize pension fund on climate transition and system change
Eric Huizing, chief investment officer at Ahold Delhaize Pensioen, explains to Tjibbe Hoekstra how the pension fund is progressing not only with its climate-focused investments but also the change in the Dutch pension system
Could Dutch pension reforms still be reversed?
1 January 2025: that’s the day the first Dutch pension funds will move to a defined contribution (DC) system according to the new Pension Act. So the clock is ticking for politicians who still hope to reverse the pension changes, or give members a say on the mandatory conversion of defined benefit (DB) accruals to DC capital, the most controversial part of the pension reform.
PME sells 112 companies for ESG reasons
The €54.6bn pension fund for the Dutch technology industry sold over €800m in shares as it adopted a new ESG screening policy
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