Professional Pensions www.professionalpensions.com CBRE completes ING real estate acquisition <p><!--summary start--> US/NETHERLANDS - CB Richard Ellis (CBRE) has completed the acquisition of ING Real Estate Investment Management (ING REIM) Europe, marking the final stage of CBRE's absorption of ING's real estate business. <!--summary end--></p> https://www.professionalpensions.com/news/2121663/cbre-completes-ing-real-estate-acquisition https://www.professionalpensions.com/news/2121663/cbre-completes-ing-real-estate-acquisition Tue, 1 Nov 2011 14:55:31 +0000 Falling coverage ratios will hamper Dutch pension funds' buy-out efforts, warns ABN Amro <p><!--summary start--> NETHERLANDS - ABN Amro predicts half of Dutch company pension funds will shift assets to insured schemes. <!--summary end--></p> https://www.professionalpensions.com/news/2121506/falling-coverage-ratios-hamper-dutch-pension-funds-efforts-warns-abn-amro https://www.professionalpensions.com/news/2121506/falling-coverage-ratios-hamper-dutch-pension-funds-efforts-warns-abn-amro Tue, 1 Nov 2011 10:22:12 +0000 Falling interest rates pummel funding ratios at PFZW, ABP <p><!--summary start--> NETHERLANDS - Dropping interest rates knocked the coverage ratio for Pensioenfonds Zorg & Welzijn (PFZW) down to 91% and Stichting Pensioenfonds ABP's down to 90%. <!--summary end--></p> https://www.professionalpensions.com/news/2118740/pensions-drop-pfzw-officials-warn https://www.professionalpensions.com/news/2118740/pensions-drop-pfzw-officials-warn Thu, 20 Oct 2011 14:01:00 +0000 State Street wins Dutch pension custody mandate <p><!--summary start--> NETHERLANDS - Dutch pension fund Stichting Pensioenfonds SABIC Innovative Plastics has appointed State Street Corporation to provide custody and other services for its €700m ($970m) in assets. <!--summary end--></p> https://www.professionalpensions.com/news/2118351/street-wins-dutch-pension-custody-mandate https://www.professionalpensions.com/news/2118351/street-wins-dutch-pension-custody-mandate Wed, 19 Oct 2011 14:28:40 +0000 APG and TIAA-CREF invest $1.5bn in US malls <p><!--summary start--> NETHERLANDS/US - Dutch pension fund APG and the US pension fund manager TIAA-CREF have joined forces to invest in five US shopping malls valued at $1.5bn. <!--summary end--></p> https://www.professionalpensions.com/news/2117692/apg-tiaa-cref-invest-usd15bn-malls https://www.professionalpensions.com/news/2117692/apg-tiaa-cref-invest-usd15bn-malls Mon, 17 Oct 2011 15:09:56 +0000 PGGM close to acquiring majority stake in UPP - reports <p><!--summary start--> NETHERLANDS/UK - PGGM is in advanced negotiations with Barclays Capital to acquire its majority stake in University Partnerships Programme, the UK's largest developer of university campuses, according to reports. <!--summary end--></p> https://www.professionalpensions.com/news/2115469/pggm-close-acquiring-majority-stake-upp-reports https://www.professionalpensions.com/news/2115469/pggm-close-acquiring-majority-stake-upp-reports Fri, 7 Oct 2011 12:31:27 +0000 Dutch pension funds see 11 percentage point drop in funding <p><!--summary start--> NETHERLANDS - Dutch pension funds have suffered a severe 11 percentage point drop in funding ratio from March to August due to poor market performance and increased interest rates. <!--summary end--></p> https://www.professionalpensions.com/news/2111726/dutch-pension-funds-percentage-drop-funding https://www.professionalpensions.com/news/2111726/dutch-pension-funds-percentage-drop-funding Fri, 23 Sep 2011 15:52:00 +0000 Dutch companies see €1bn deficit rise in 2010 <p><!--summary start--> NETHERLANDS - The combined pension deficit of the Netherlands' 50 largest companies grew by €1bn ($1.3bn) in 2010, research by LCP has found. <!--summary end--></p> https://www.professionalpensions.com/news/1016714/dutch-companies-usd1bn-deficit-rise-2010 https://www.professionalpensions.com/news/1016714/dutch-companies-usd1bn-deficit-rise-2010 Mon, 19 Sep 2011 13:43:00 +0000 ABP names Brouwer new chairman <p><!--summary start--> NETHERLANDS - Dutch pension fund ABP has appointed Henk Brouwer, former director of pension regulator De Nederlandsche Bank (DNB), chairman of its board. <!--summary end--></p> https://www.professionalpensions.com/news/1009752/abp-names-brouwer-chairman https://www.professionalpensions.com/news/1009752/abp-names-brouwer-chairman Thu, 15 Sep 2011 14:24:56 +0000 Vervoer hires Robeco for fiduciary mandate <p><!--summary start--> NETHERLANDS - The €11bn ($15bn) Pensioenfonds Vervoer, the pension fund for the transport industry, has hired Robeco as its new fiduciary manager. <!--summary end--></p> https://www.professionalpensions.com/news/1002776/vervoer-hires-robeco-fiduciary-mandate https://www.professionalpensions.com/news/1002776/vervoer-hires-robeco-fiduciary-mandate Thu, 15 Sep 2011 13:15:39 +0000 APG updates governance codes <p><!--summary start--> NETHERLANDS - Dutch pension fund manager APG has updated its corporate governance and voting policy, putting more pressure on companies to take stakeholders' interests and sustainability issues into account. <!--summary end--></p> https://www.professionalpensions.com/news/1005743/apg-updates-governance-codes https://www.professionalpensions.com/news/1005743/apg-updates-governance-codes Mon, 12 Sep 2011 10:25:00 +0000 ABP sues Deutsche Bank over RMBS losses <p><!--summary start--> US/NETHERLANDS - Stichting Pensioenfonds ABP is suing Deutsche Bank for allegedly providing misleading statements about residential mortgage backed securities the scheme invested in. <!--summary end--></p> https://www.professionalpensions.com/news/2108199/abp-sues-deutsche-bank-rmbs-losses https://www.professionalpensions.com/news/2108199/abp-sues-deutsche-bank-rmbs-losses Fri, 9 Sep 2011 15:21:00 +0000 Dutch funds hesitant to share risk <p><!--summary start--> New rules could see the burden of risk swing from employer to employee. Chris Panteli discovers that while this might be the norm elsewhere in the world today, the Dutch are not so keen to follow suit <!--summary end--></p> https://www.professionalpensions.com/feature/2106855/dutch-funds-hesitant-share-risk https://www.professionalpensions.com/feature/2106855/dutch-funds-hesitant-share-risk Tue, 6 Sep 2011 10:51:00 +0000 Dutch pensions at the crossroads <p><!--summary start--> Controversial regulatory proposals and a growing insurance market could change the Dutch pensions market indelibly over the next five years. Chris Panteli finds out more <!--summary end--></p> https://www.professionalpensions.com/feature/2106852/dutch-pensions-crossroads https://www.professionalpensions.com/feature/2106852/dutch-pensions-crossroads Tue, 6 Sep 2011 10:46:00 +0000 Guus Warringa of APG: Fighting your corner <p><!--summary start--> Guus Warringa, board member and chief counsel, legal, tax, regulations and compliance at APG Asset Management, talks to Chris Panteli about fighting a one-size-fits-all approach to regulation and encouraging other pension funds to speak up for their interests <!--summary end--></p> https://www.professionalpensions.com/feature/2106841/guus-warringa-apg-fighting-corner https://www.professionalpensions.com/feature/2106841/guus-warringa-apg-fighting-corner Tue, 6 Sep 2011 10:41:00 +0000 Aegon AM completes Kames Capital rebrand <p><!--summary start--> UK - Aegon's asset management capabilities in the UK has officially been re-branded as Kames Capital today. <!--summary end--></p> https://www.professionalpensions.com/news/2106034/aegon-completes-kames-capital-rebrand https://www.professionalpensions.com/news/2106034/aegon-completes-kames-capital-rebrand Thu, 1 Sep 2011 14:47:45 +0000 Institutional flows back at Robeco <p><!--summary start--> NETHERLANDS - Dutch asset manager Robeco's heavy emphasis on growing its institutional business has paid off with nearly half of the €4.9bn ($7bn) inflows seen in the first half of the year coming from institutional mandates, CEO Roderick Munsters said. <!--summary end--></p> https://www.professionalpensions.com/news/1014471/institutional-flows-robeco https://www.professionalpensions.com/news/1014471/institutional-flows-robeco Fri, 26 Aug 2011 15:09:15 +0000 Union votes against Dutch pension proposals <p><!--summary start--> NETHERLANDS - Members of the Dutch union FNV Bondgenoten have voted against government pension proposals which they claim would shift risk from the employer entirely to the employee, claiming they would lead to a "casino retirement". <!--summary end--></p> https://www.professionalpensions.com/news/2102440/union-votes-dutch-pension-proposals https://www.professionalpensions.com/news/2102440/union-votes-dutch-pension-proposals Wed, 17 Aug 2011 12:04:00 +0000 Aegon offloads UK life and pensions outfit Guardian <p><!--summary start--> UK/NETHERLANDS - Aegon today confirmed the sale of its UK-based life and pensions business Guardian to European private equity group Cinven, for a total cash consideration of £275m ($450m). <!--summary end--></p> https://www.professionalpensions.com/news/2102133/aegon-offloads-uk-life-pensions-outfit-guardian https://www.professionalpensions.com/news/2102133/aegon-offloads-uk-life-pensions-outfit-guardian Tue, 16 Aug 2011 12:36:03 +0000 Week on the web <p><!--summary start--> GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days. <!--summary end--></p> https://www.professionalpensions.com/news/1017653/web https://www.professionalpensions.com/news/1017653/web Fri, 22 Jul 2011 11:37:00 +0000 PFZW, ABP returns nearly flat in Q2 <p><!--summary start--> NETHERLANDS - Pensioenfonds Zorg & Welzijn returned 0.4%, while Stichting Pensioenfonds ABP was up 0.8% for the second quarter. <!--summary end--></p> https://www.professionalpensions.com/news/1018987/pfzw-returns-nearly-flat-q2 https://www.professionalpensions.com/news/1018987/pfzw-returns-nearly-flat-q2 Thu, 21 Jul 2011 12:11:00 +0000 J.P. Morgan completes $12.5bn emerging markets transition for APG <p><!--summary start--> NETHERLANDS - J.P. Morgan Worldwide Securities Services has just completed a $12.5bn transition of pension manager APG's emerging markets portfolio, and been named custodian of those assets, the firm said. <!--summary end--></p> https://www.professionalpensions.com/news/2095715/jp-morgan-completes-usd125bn-emerging-markets-transition-apg https://www.professionalpensions.com/news/2095715/jp-morgan-completes-usd125bn-emerging-markets-transition-apg Thu, 21 Jul 2011 11:15:10 +0000 Week on the web <p><!--summary start--> GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days. <!--summary end--></p> https://www.professionalpensions.com/news/2094269/web https://www.professionalpensions.com/news/2094269/web Fri, 15 Jul 2011 10:16:00 +0000 Aegon AM to rebrand as Kames Capital <p><!--summary start--> UK/NETHERLANDS - Aegon is to rebrand its UK asset management arm as Kames Capital. <!--summary end--></p> https://www.professionalpensions.com/news/2093213/aegon-rebrand-kames-capital https://www.professionalpensions.com/news/2093213/aegon-rebrand-kames-capital Tue, 12 Jul 2011 14:26:00 +0000 Week on the web <p><!--summary start--> GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days. <!--summary end--></p> https://www.professionalpensions.com/news/2087736/web https://www.professionalpensions.com/news/2087736/web Fri, 8 Jul 2011 15:02:05 +0000 Lessons in fiduciary management <p><!--summary start--> Fiduciary management has been embraced by the Netherlands with around 90% of assets under management placed in a fiduciary contract. This is in stark contrast to the second biggest market - the UK - where take up is barely 10%. Andrew Short compares both markets and asks what lessons can the UK learn? <!--summary end--></p> https://www.professionalpensions.com/feature/2086062/lessons-fiduciary-management https://www.professionalpensions.com/feature/2086062/lessons-fiduciary-management Wed, 6 Jul 2011 12:47:00 +0000 Monday Movers <p><!--summary start--> Russell restructures EMEA; Towers Watson lures AonHewitt's Machon; SEC; Robeco; AustralianSuper; Standard Life Investments; Allianz Netherlands Asset Management; IMF <!--summary end--></p> https://www.professionalpensions.com/news/1009798/monday-movers https://www.professionalpensions.com/news/1009798/monday-movers Mon, 4 Jul 2011 12:27:00 +0000 Robeco appoints Edwards to head Asia Pacific business <p><!--summary start--> ASIA/NETHERLANDS - Robeco has appointed Tony Edwards as chief executive officer of its Asia Pacific business. <!--summary end--></p> https://www.professionalpensions.com/news/2083336/robeco-appoints-edwards-head-asia-pacific-business https://www.professionalpensions.com/news/2083336/robeco-appoints-edwards-head-asia-pacific-business Fri, 1 Jul 2011 11:15:00 +0000 Allianz GI integrates ANAM portfolio team <p><!--summary start--> NETHERLANDS - Allianz Netherlands Asset Management (ANAM) is to be integrated into Allianz Global Investors Investments Europe, with the latter assuming responsibility for the management of Allianz fixed income, equity and balanced assets totalling €6bn ($8.6bn). <!--summary end--></p> https://www.professionalpensions.com/news/1003377/allianz-gi-integrates-anam-portfolio-team https://www.professionalpensions.com/news/1003377/allianz-gi-integrates-anam-portfolio-team Thu, 30 Jun 2011 12:31:00 +0000 Rabobank fund appoints BNY Mellon for custody role <p><!--summary start--> NETHERLANDS - BNY Mellon Asset Servicing has been appointed by Stichting Rabobank Pensioenfonds (Rabobank Pension Fund) in the Netherlands to provide custody and other services for its $16.4bn of assets. <!--summary end--></p> https://www.professionalpensions.com/news/1004043/rabobank-fund-appoints-bny-mellon-custody-role https://www.professionalpensions.com/news/1004043/rabobank-fund-appoints-bny-mellon-custody-role Thu, 16 Jun 2011 15:14:00 +0000 Netherlands push through sweeping pension reforms <p><!--summary start--> NETHERLANDS - The Dutch government will increase the retirement age, provide more flexibility around retirement and suspend contribution holidays in a new deal with employer and employee unions. <!--summary end--></p> https://www.professionalpensions.com/news/2078184/netherlands-push-sweeping-pension-reforms https://www.professionalpensions.com/news/2078184/netherlands-push-sweeping-pension-reforms Fri, 10 Jun 2011 15:02:00 +0000 Lessons in fiduciary management: Going Dutch <p><!--summary start--> Take up of fiduciary management in the Netherlands has been phenomenal. Andrew Short asks what lessons the UK can learn from this approach. <!--summary end--></p> https://www.professionalpensions.com/feature/2075637/dutch https://www.professionalpensions.com/feature/2075637/dutch Thu, 2 Jun 2011 08:00:00 +0000 Dutch fund taps J.P. Morgan for custody <p><!--summary start--> NETHERLANDS - Stichting Bedrijfstakpensioenfonds voor de Groothandel in Levensmiddelen (Bpf GIL) has hired J.P. Morgan Worldwide Securities Services as global custodian for its €500m ($700.6m) scheme. <!--summary end--></p> https://www.professionalpensions.com/news/2072973/dutch-fund-taps-jp-morgan-custody https://www.professionalpensions.com/news/2072973/dutch-fund-taps-jp-morgan-custody Mon, 23 May 2011 12:24:44 +0000 Week on the Web: What stories have you missed out on this week? <p><!--summary start--> GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days. <!--summary end--></p> https://www.professionalpensions.com/news/2072537/web-stories-missed https://www.professionalpensions.com/news/2072537/web-stories-missed Fri, 20 May 2011 11:14:05 +0000 PGGM partners with BAM for infrastructure joint venture <p><!--summary start--> NETHERLANDS - Dutch pension fund manager PGGM has formed a joint venture with infrastructure public private partnership investor BAM PPP in what the two say is the first deal of its kind in Europe. <!--summary end--></p> https://www.professionalpensions.com/news/2072333/pggm-partners-bam-infrastructure-joint-venture https://www.professionalpensions.com/news/2072333/pggm-partners-bam-infrastructure-joint-venture Thu, 19 May 2011 14:30:24 +0000 APG: Dutch managers losing market share <p><!--summary start--> NETHERLANDS - Dutch asset managers are managing an ever-smaller share of local pension assets, APG Group said in its annual report today. <!--summary end--></p> https://www.professionalpensions.com/news/2071979/apg-dutch-manager-losing-market-share https://www.professionalpensions.com/news/2071979/apg-dutch-manager-losing-market-share Wed, 18 May 2011 15:32:00 +0000 Week on the Web: What stories have you missed out on this week? <p><!--summary start--> GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days. <!--summary end--></p> https://www.professionalpensions.com/news/2070717/web-stories-missed https://www.professionalpensions.com/news/2070717/web-stories-missed Fri, 13 May 2011 11:02:30 +0000 ABP returns 13.5% in 2010 <p><!--summary start--> NETHERLANDS - Stichting Pensioenfonds ABP recorded a return of 13.5% (€28bn) in 2010, its fourth highest figure since the Government lifted investment restrictions on the scheme 18 years ago. <!--summary end--></p> https://www.professionalpensions.com/news/1021576/abp-returns-135-2010 https://www.professionalpensions.com/news/1021576/abp-returns-135-2010 Wed, 11 May 2011 14:50:22 +0000 Alcatel-Lucent hires TOBAM for anti-benchmark approach <p><!--summary start--> NETHERLANDS - Stichting Alcatel-Lucent Pensioenfonds has invested €25m ($36m) in an anti-benchmark world equity strategy run by French asset manager TOBAM, reducing BlackRock's global equity mandate by half. <!--summary end--></p> https://www.professionalpensions.com/news/1021298/alcatel-lucent-hires-tobam-anti-benchmark-approach https://www.professionalpensions.com/news/1021298/alcatel-lucent-hires-tobam-anti-benchmark-approach Wed, 11 May 2011 14:28:00 +0000