GLOBAL - American interests have lost ground to Dutch parties and to a smaller degree to British and Swiss parties in the Dutch pension market, according to latest data from investment consultants Bureau Bosch which investigated 75 investment managers.
By origin, the division of assets under management is:
- Dutch 66.9 % (2002: 55%) - US 14.4% (2002: 28.7%)- British 13.3% (2002: 11.5%)- Swiss 3.6% (2002:3.2%)- German 1.2% (2002: 1.2%)- Japanese 0.3% (2002: 0.4%) - French 0.3% (2002: 0.1%).
According to the Central Bureau of Statistics, the total amount of Dutch pension fund assets amounted to e403.5bn as per 31 March 2003.
Total Dutch institutional assets which are externally managed amount to e296.6bn (2002: e309bn), or 73.5% - an increase from 68% in 2002 and a massive rise on 1993’s 40%.
The top 10 manage e210.4bn, or 70.9 % of externally managed Dutch pension assets, implying a very large portion of institutional money is managed by a small number of managers.
The top 10 had its peak in 1995 with 82%. In terms of number, Dutch managers still dominate the top 15. Foreign managers are much more strongly represented than Dutch managers in the group below the top 15.
Most parties reported a major loss of managed assets, particularly due to financial markets.
However, there are parties who still report growth figures: Goldman Sachs (+e3bn), Vanguard (+e0.6bn), Merrill Lynch (+e1.2bn), Northern Trust (+e0.6bn), Payden & Rygel (+e162m), Rogge (+e24m), AXA (+e204m), Pictet (+e654m), Frank Russell (+e515m), First Quadrant +(e279m) and Aberdeen (+e210m).
PP has compiled a list of what to watch out for over the coming months.
The Pensions Regulator (TPR) spent just under £60,000 on a rebrand, including the design of a new logo and implementation of a refreshed colour scheme, Professional Pensions can reveal.
In this week's Pensions Buzz, we want to know whether or not you believe default decumulation pathways are a good way to tackle members' confusion at retirement.
The increase in minimum auto-enrolment (AE) contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.