NETHERLANDS - Dutch pension giant ABP has said that it has no "concrete plans" to sell more of its in-house Dutch mortgage portfolio.
The Heerlen-based fund was responding to claims that it was looking to make more of the portfolio available to external investors following a recent EUR2.2bn sell off.
ABP confirmed that this first slice of mortgage loans would be used to finance outstanding commitments including securities, private equity and other alternative investments.
The fund has committed itself to a 52% equity investment allocation. At present this figure stands at 38%.
ABP is also looking to further seed its private equity and hedge fund interests. In May the fund announced that it was looking to lift private equity from 1.5% to around 4% of the total portfolio.The fund was also eyeing a 2% total investment in hedge fund of funds.
By Madhu Kalia
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers