Newsmakers
Dutch Pension Plans to Merge, Creating a $23.4 Billion Fund
Push to join two public transit retirement programs fell through in 2016, but SPF recently restarted discussions.
Push to join two public transit retirement programs fell through in 2016, but SPF recently restarted discussions.
Gerald Cartigny merged the fund’s asset management and fiduciary businesses, helped start its ESG investments.
Despite a Q1 comeback, ABP, PFZW officials are worried about low interest rates, future benefit reductions.
Average funding ratios fell by seven percentage points, amid down December.
Finance Minister Wopke Hoekstra seeking parliament’s approval for the Dutch to be the first AAA-rated issuer of sustainable securities.
Regulations still needed for new pension type to take effect.
The number of plans in the Netherlands has plunged 75% in 20 years.
World Economic Forum warns of “imperiling the incomes of future generations.”