All articles by Tjibbe Hoekstra – Page 11
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NewsBelgian government reaches deal on first-pillar pension reform
The agreement, which is to represent 0.5% of GDP in long-term savings compared to a pension deal reached last year, is supposed to safeguard a €847m cheque from the EU’s Covid Recovery Fund
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NewsDutch pension sector asks European Commission to reconsider CSRD proposal
The Pensioenfederatie and pension asset managers APG, PGGM and MN have sent a letter to Ursula von der Leyen saying they are “very concerned” that the proposal will lead to the unavailability of sustainability data for pension funds
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NewsDutch lump sum option postponed for fourth time
Pensioners will now get the option to take a lump sum of up to 10% of their retirement pot as of 1 July 2024 at the earliest, six months later than planned
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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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NewsBlackRock CEO blacklists ‘the word ESG’
Larry Fink’s statement is likely to cause some upheaval as the US asset management giant still runs hundreds of investment funds with an explicit ESG strategy
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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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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 €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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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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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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NewsSurvey shows 65% of European institutional investors eye social bonds
Investors are, however, not prepared to pay a ‘social premium’ on social bonds
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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
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NewsPME admin switch to TKP leads to sharp cost savings
The scheme also saw a drop in asset management costs thanks to lower performance fee payments to private equity managers
