Netherlands: Pensions and Investment News and Analysis
Europe’s second largest pension system is preparing for a historic shift away from the current defined ambition arrangements in favour of one with DC accrual but largely in a collective asset pool. Despite political murmurings among members of the current coalition government, there have been no serious attempts to row back on the reforms, which will kick in from 2025 onwards. The main change for pension funds will be moving away from a system that manages funding ratio, with risk capacity determined accordingly, to one that is arguably better suited to the long-term risk profile of the participants. What’s not to be underestimated is the IT challenge in migrating millions of accounts to the new system.
Pension Funds in Netherlands - Country Report
Netherlands country report 2024: Dutch pension funds distribute buffers
The arguments heat up over what to do with excess funds in Dutch pension schemes
TOP DUTCH PENSION FUNDS 2024
Pension fund/entity | Assets (€’000)
- ABP | 510,000,000
- Pensioenfonds Zorg en Welzijn (PFZW) | 242,360,000
- Pensioenfonds Metaal en Techniek (PMT) | 84,411,332
- BPF Bouwnijverheid (bpBOUW) | 66,338,803
- Pensioenfonds van de Metalektro (PME)| 55,728,949
©IPE Research; View the Top 1000 European Pensions Funds 2024 for a comprehensive market overview
Dutch pension federation resists lower central clearing threshold proposal
European pension regulator ESMA has proposed mandatory central clearing of interest rate derivatives above €1.8bn
Booking.com settles with Dutch pension fund PGB
The settlement the online travel agency has reached with Dutch multi-sector scheme PGB frees it from a requirement to join the pension fund
Dutch pension funds to get 12 extra months to review interest rate hedges
The decision by Minister of Social Affairs Eddy van Hijum will make it more difficult for speculators to front-run the trades that will be made by pension funds
PME picks Candriam to manage European equity portfolio
Candriam will manage a concentrated equity portfolio initially worth €1.5bn, which is half of the €57bn fund’s existing allocation to European equities
78% of ABP participants want to invest sustainably
Members of the Dutch civil service scheme want the fund to divest from sectors including fast food chains and producers of disposable plastics
TOP MANAGERS: DUTCH INSTITUTIONAL ASSETS
Company | Assets (€m)
- APG | 569,048*
- PGGM | 243,000
- BlackRock | 206,976
- Achmea Investment Management | 188,763
- MN | 149,457
- Aegon Asset Management | 93,090
- ASR Vermogensbeheer | 74,955**
- Van Lanschot Kempen Investment Mngt. | 74,027
- State Street Global Advisors | 64,262
- Northern Trust Asset Management | 52,349
As at 30.6.24, *31.12.23, **30.06.23
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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
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Disagreements over pension reform persist in the Netherlands
When King Willem-Alexander read out his speech at the opening of the Dutch parliament, the topic of pensions was missing.
Dutch pension federation resists lower central clearing threshold proposal
European pension regulator ESMA has proposed mandatory central clearing of interest rate derivatives above €1.8bn
Booking.com settles with Dutch pension fund PGB
The settlement the online travel agency has reached with Dutch multi-sector scheme PGB frees it from a requirement to join the pension fund
Dutch pension funds to get 12 extra months to review interest rate hedges
The decision by Minister of Social Affairs Eddy van Hijum will make it more difficult for speculators to front-run the trades that will be made by pension funds
PME picks Candriam to manage European equity portfolio
Candriam will manage a concentrated equity portfolio initially worth €1.5bn, which is half of the €57bn fund’s existing allocation to European equities
78% of ABP participants want to invest sustainably
Members of the Dutch civil service scheme want the fund to divest from sectors including fast food chains and producers of disposable plastics
Mediahuis pension fund hedges all equity risk in run-up to DC transition
The pension fund deployed a put options strategy more than 2.5 years before its planned transition to a defined contribution arrangement
FrieslandCampina in €1.5bn buyout deal with Achmea Pension & Life
The deal covers pension assets of approximately 8,000 (former) employees of Friesland Foods and FrieslandCampina
Judge blocks PGGM from firing critical chief economist
Guy Verberne had criticised the Dutch pension asset manager’s new sustainable investment policy
Dutch parliament blocks amendment on DC conversion vote
MP Agnes Joseph failed to convince enough fellow MPs to vote in favour of her proposed amendment
PGB switches to fully passive equity investing
The Dutch multi-sector scheme has concluded it is ‘difficult’ to achieve lasting outperformance in liquid markets
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