All articles by Tjibbe Hoekstra – Page 8
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News
ABP 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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News
Pensioenfonds 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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News
BlackRock 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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Analysis
Analysis: 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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News
Philips 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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News
Closed 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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News
FNV 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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News
Dutch €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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News
Dutch 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 Pieces
Carbon 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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News
Senate 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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News
ABP 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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News
Fresh 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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News
PFZW 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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News
Survey 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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News
Nedlloyd 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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News
PME 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
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News
PMT to move pension admin from MN to PGGM
The three firms have signed a memorandum of understanding to move the pension administration of PMT’s 1.4 million members to PGGM by 2024
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News
ILX Fund invests first $400m in Dutch pension money in EM private credit
The Amsterdam-based impact fund, which invests in syndicated loans originated by development banks, is plannning to start fundraising for a second $2bn fund
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News
Pensioenfonds Vervoer doubles real estate investments
The fund has also adopted a new country policy, excluding investments in China and two dozen other countries