What we think

PGGM is not merely a pension fund service provider; we really stand for something. As true professionals in the pension sector, with deep roots in the healthcare sector, and as a cooperative financial institution with no profit motive, we look towards the future with an open and broad vision.

In the ideal future - a worthwhile future - not only should finances be in good shape, but also living conditions, the healthcare sector and the opportunities to be able to work longer. Not only for our members and the participants of our clients’ pension funds, but for all Dutch people.

​Moreover, as a cooperative, we wish to add value to society in a sustainable manner. This is a mission which regularly raises fundamental questions. Questions such as: How can both a financial and a social return be achieved? How do we, coming from the pension sector, tackle the great challenges being faced now and in the future? How can we actually contribute to the realisation of a valuable future?

Here we are pleased to demonstrate how we try to find an answer to all these questions, what dilemmas we face in doing so, the results we achieve, and where we could possibly encounter difficulties. We share the lessons we learn, the new insights we gain and, above all, we look towards the future.

You can find an overview of our press releases and statements in the archive on the page Press.


Groepen
  1. The circular economy a very relevant development for financiers

    ​In June a document was published on a new development within our worldwide economy the circular economy, which is defined as an economy that maintains the value of its resources by designing products that remains valuable throughout and after their lifecycle. This is different than our current, linear model, where a lot of products sooner or later ends as landfill or gets burned as waste.

    • Frido Kraanen
    • 27 June 2017
    • Blog
    • 0 reactie(s)
  2. Impact-investing: from millions to billions

    ​2016 was an important year in the development of impact investing we have reported on this in our new PGGM Annual Responsible Investment Report.

    • Eloy Lindeijer
    • 15 May 2017
    • Blog
    • 0 reactie(s)
  3. Investing in solutions and measuring the impact

    ​Impact investing needs robust measurement of the positive impact we want to make, explains Piet Klop to IPE.

    • Piet Klop
    • 11 May 2017
    • Blog
    • 0 reactie(s)
  4. The meaning of long-termism

    ​PGGM CEO Else Bos was interviewed by FCLT Global about sustainable long-term value creation. This is a shortened version of the interview.

    • Else Bos
    • 03 May 2017
    • Blog
    • 0 reactie(s)
  5. SolarCity deal new step in sustainable energy investments

    ​PGGM Infrastructure investments now cover almost the entire spectrum of current sustainable energy production and consumption, writes Erik van de Brake.

  6. Mobilising pension capital in European capital markets

    ​At a public hearing of the European Commission, PGGM CIO Private Markets Frank Roeters van Lennep shared his views on the EU Capital Markets Union.

  7. Energy transition and risk management: a new insight

    ​The loss in value of property with an excessive carbon footprint is poised to have a negative effect on the returns on pension fund portfolios. Energy neutrality is set to become the standard in the property world, says Hans op ’t Veld.

    • Hans Op t Veld
    • 05 April 2017
    • Blog
    • 0 reactie(s)
  8. The PGGM-FD Impact Investment Initiative: kickoff for increasing societal impact

    ​On 24 January PGGM, in collaboration with FD [dutch financial newspaper] and BNR News Radio, organised the Impact Investment Initiative. The first event in a series of meetings with the aim of stimulating collaboration between banks, investors and companies to jointly increase our societal impact. Go to fd.nl/impact for an audio and visual impression of the event.

    • Eloy Lindeijer
    • 08 February 2017
    • Blog
    • 0 reactie(s)
  9. Energy transition requires large-scale financing

    ​PGGM is investing in the first of a series of French green government bonds. Green bonds offer the scale required to finance the transition to a clean energy provision.

    • Piet Klop
    • 30 January 2017
    • Blog
    • 0 reactie(s)
  10. EMIR exemption for pension funds: only half the story

    ​Basel III/CRDIV requirements effectively prevent banks from accepting non-cash collateral. As a result pension funds, which need derivatives to hedge interest rate risks are now confronted with increasing demand for cash.

    • Ido de Geus
    • 28 September 2016
    • Blog
    • 0 reactie(s)
  11. Long-term investing is better for pensions and society

    ​Companies and economies are not performing to their potential, which affects the returns of pension funds. A growing movement wants to change this.

    • Jaap van Dam
    • 09 September 2016
    • Blog
    • 0 reactie(s)
  12. Investing in UN targets, with return on investment

    ​PGGM and APG call on investors to contribute to UN Sustainable Development Goals.

    • Eloy Lindeijer
    • 07 September 2016
    • Blog
    • 0 reactie(s)
  13. Securitisation and The Big Short: Food for thought

    ​Investing in securitisations is about common sense and maintaining high standards, says Mascha Canio.

    • Mascha Canio
    • 22 July 2016
    • Blog
    • 1 reactie(s)
  14. Pension funds should lead the market in responsible investment

    ​Separating financial returns from social, environmental and financial sustainability is no longer reasonable or defensible. Pension fund capital can and should lead the market in responsible investment, says Marcel Jeucken in the Global Public Investor 2016 report by OMFIF.

  15. Long horizon investors ‘a crazy bunch’

    Key elements of a good definition of long term investing. On the website top1000funds.com PGGM’s Jaap van Dam gave his opinion on the key elements of a good definition of long term investing.

    • Jaap van Dam
    • 27 June 2016
    • In de media
    • 0 reactie(s)
  16. Securitisations: do not forget the advantages!

    ​PGGM, APG and Banco Santander have jointly published a document to support sustainable use of securitisations. According to these large European investors and bank securitisations offer many advantages. Below we share the main conclusions of this joint publication.

  17. Work in progress: A European Tracking Service

    The European Union, with its common market and open borders, gives EU citizens the opportunity to live and work freely in member states, increasing international mobility in the labor market. However, pensions are organized nationally and rules and regulations vary greatly from country to country. Keeping sight of pension entitlements, built up in various countries, is a real challenge. In order to provide more insight into cross-border pensions, the European Commission wishes to create a European pension Tracking Service (ETS). PGGM participated in an international consortium of pension providers, which has developed a business plan and a roadmap for implementation under the name of Track and Trace Your Pension in Europe (TTYPE). On 1 June 2016 these results were presented to the European Commission. In this blog, the key recommendations and the completed business plan for the realization of an efficient ETS are summarized.

  18. Upscaling ‘impact investing’

    ​Can we make a difference with pension capital? Eloy Lindeijer sees a growing amount of investments in solutions, in pursuit of both financial and social returns.

    • Eloy Lindeijer
    • 25 May 2016
    • Blog
    • 0 reactie(s)
  19. PGGM wins Securitisation Award 2016

    ​PGGM has won the Securitisation Award 2016 during the securitisation event which is an initiative of IIR and Dutch Securitisation Association (DSA). The award merits ‘an achievement or transaction, initiative or organization which greatly enriched the (Dutch) securitization market in 2015/2016, or had a positive effect on this market’. Also nominated were NN and Banco Santander. The award was ceremonially handed out during a conference in Amsterdam on April 22nd 2016.

  20. Shift the focus to the long term

    ​PGGM supports the new S&P long-term value creation index. Jaap van Dam discusses a number of important questions about long-term investing.

    • Jaap van Dam
    • 24 March 2016
    • Blog
    • 0 reactie(s)
  21. Carbon risk cannot be ignored anymore

    ​After ‘Paris’ pension fund board members will feel the need to address questions about climate risk in their investment portfolio, writes Jaap van Dam in Top1000funds.com.

    • Jaap van Dam
    • 02 March 2016
    • In the media
    • 0 reactie(s)
  22. Healthy, but not at all costs

    ​Manufacturers of pharmaceuticals take inappropriate risks if they charge excessive prices for their medications. As a shareholder, we do not want to see maximisation of profit at the expense of health care.

  23. Our top-5 EU priorities

    ​PFZW and PGGM respond to call for evidence regarding the EU regulatory framework for financial services.

    • Michel de Jonge
    • 15 February 2016
    • Blog
    • 0 reactie(s)
  24. Private capital as a force to limit climate change

    ​PGGM, together with the Danish pension administrator PKA, appeals on governments to critically assess policies and regulation that obstruct investments in green growth. In a joint position paper PKA and PGGM present four recommendations to policy makers on how they could respond to climate change.

    • Position paper
    • 19 November 2015
    • Position paper
    • 0 reactie(s)
  25. What are PGGM’s expectations of the Paris climate summit?

    ​PGGM, together with the Danish pension administrator PKA, appeals on governments to critically assess policies and regulation that obstruct investments in green growth. In a joint position paper PKA and PGGM present four recommendations to policy makers on how they could respond to climate change.

    • Eloy Lindeijer
    • 19 November 2015
    • Blog
    • 0 reactie(s)
  26. PGGM in pursuit of simple, synthetic securitisations

    ​At the end of September, the European Commission published the Action Plan on building a Capital Markets Union. Part of this action plan is a bill (Regulation) regulating securitisations. PGGM is calling on the European Commission to broaden this Regulation to include synthetic securitisations, which are currently excluded.

    • Mascha Canio
    • 10 November 2015
    • Blog
    • 1 reactie(s)
  27. Simple synthetic securitisation

    At the end of September, the European Commission published the Action Plan on building a Capital Markets Union. Part of this action plan is a bill (Regulation) regulating securitisations. With this position paper PGGM is calling on the European Commission to broaden this Regulation to include synthetic securitisations, which are currently excluded.

    • Position paper
    • 10 November 2015
    • Position paper
    • 0 reactie(s)
  28. Private Equity could do Infrastructure deals

    In the gray area between Infrastructure and Private Equity lay good investment opportunities that would fit pension funds, Ruulke Bagijn tells Investment & Pensions Europe (IPE.com).​

  29. Time for public-private responsibility

    ​Because of their focus on the long term, pension funds are by nature an ideal partner for investing in the economy and infrastructure of Europe. Brussels should take steps quickly on the road towards closer public-private cooperation with the pension sector, PGGM's Eloy Lindeijer recently told the European Parliament.

    • Eloy Lindeijer
    • 23 September 2015
    • Blog
    • 0 reactie(s)
  30. Market participants must come up with a sustainable EMIR solution

    ​Along with a number of other pension investors, PGGM has appealed for an appropriate treatment of pension funds to be made, within the European regulations for derivatives (EMIR)

    • Michel de Jonge
    • 25 August 2015
    • Blog
    • 0 reactie(s)
  31. Position paper: European Market Infrastructure Regulation (EMIR)

    The fundamental issue for pension funds in relation to central clearing remains their inability to post variation margin (VM) in cash. While we support voluntary clearing for pension funds and have demonstrated this by investing heavily in preparing for clearing, it is critical to find a solution for the cash VM issue that would work (a) in stressed market conditions and (b) without a material adverse effect on pensioners (including disproportionate risk or cost), before mandatory clearing is applied to pension funds.

    • Michel de Jonge
    • 13 August 2015
    • Position paper
    • 0 reactie(s)
  32. Remuneration in line with interests of capital provider

    ​Different remuneration structures for external managers should contribute to lower costs for pension funds, thinks Ruulke Bagijn.

    • Ruulke Bagijn
    • 06 August 2015
    • Blog
    • 0 reactie(s)
  33. Long-term focus gives better returns

    A focus on the long-term leads to fewer risks for investors and companies, and to better returns and profits, says Else Bos in Kempen Insight.

    • Else Bos
    • 20 July 2015
    • In the media
    • 0 reactie(s)
  34. Redefining the Role of the Long-Term Investor

    ​In a speech to pension investors at the EPI Summit in Montreux, Eloy Lindeijer takes a view on the role of a pension investor. This text is a revision of his keynote.

  35. In California water is now a ‘systemic risk’

    Investors should take water scarcity into account. ‘Water is now a systemic risk in California’, Piet Klop is quoted on fastcoexist.com​

    • Piet Klop
    • 30 May 2015
    • In the media
    • 0 reactie(s)
  36. PGGM on the European capital markets union

    ​European Commission President Juncker presented his plans for revitalising the European economy at the end of 2014. A key objective of these plans is the completion of the European capital markets union. PGGM drew up a position paper on the subject and Eloy Lindeijer (Chief Investment Management) wrote a blog about it.

    • Eloy Lindeijer
    • 28 May 2015
    • Blog
    • 0 reactie(s)
  37. Position paper: Capital Markets Union

    On 18 February, the European Commission published a Green Paper on ‘Building a Capital Markets Union’. In our view, the Green Paper marks the start of a dialogue between market agents and policy makers of how a balance can be struck between financial regulation and economic growth and financial stability. In this respect we support the European Commission to call upon long term financiers to take up the challenge that in an environment of constrained public resources alternative resources should be unlocked.

    • Position paper
    • 28 May 2015
    • Position paper
    • 0 reactie(s)
  38. Annual Responsible Investment report 2014

    ​We are pleased to present the PGGM Annual Responsible Investment Report 2014. PGGM is convinced that financial and social returns go hand-in-hand. We want to help our clients realise a valuable future for pension participants on the basis of sound financial and social returns. In the Report you can read about our responsible investment activities and accomplishments in 2014.

  39. Solving the Pay issue

    ​PGGM links pay to absolute, long-term and sustainable returns. A necessary step, says Catherine Jackson.

  40. Three awards for PGGM

    ​PGGM has won three awards during the Benelux Pension Fund Round Table 2015, organized by the Institutional Investor. Henk Huizing scored in the category ‘Best use of Infra’, Maarten van der Spek in ‘Best use of Real Estate’ and Irina Manea from PGGM Private Equity was proclaimed ‘Rising Star’.At the same time our biggest client PFZW got an award for ‘Best ESG Programme’.

  41. A healthy pharmaceutical company is worth more

    ​Access to medicine contributes to financial returns in the pharmaceutical industry, says Rogier Snijdewind in the Omni magazine.

    • In the media
    • 30 March 2015
    • In the media
    • 0 reactie(s)
  42. US Boards, the shareholders and how to communicate

    American corporate Boards could take the Netherlands as an example of how to interact with large institutional investors, writes Gretchen Morgenson in her New York Times column.

  43. Model Board Policy

    Board director engagement with shareholders is an important mechanism of board accountability. This Model Board Policy is a template that boards of U.S. corporations can use in developing their own policy for director/shareholder engagement.

  44. The Barriers Pensions Face in Long-Term Investing

    Pensions and their boards are still stuck in a short-term investment philosophy, despite a public commitment to long-term portfolio models. If there is one solid drumbeat to come out of pensions and retirement investing, it has been the notion of long-term investing — specifically, the buy-and-hold concept to better weather short-term economic storms for sustainable and gradual growth. Yet it turns out that within this segment of asset management, the system is allowing anything but investing with a longer horizon in mind.

    • Jaap van Dam
    • 20 March 2015
    • In the media
    • 0 reactie(s)
  45. Open letter to the Board of Directors of ARCP

    In an open letter PGGM demands a stronger corporate governance at real estate investment trust ARCP

    • Eloy Lindeijer
    • 27 February 2015
    • Blog
    • 0 reactie(s)
  46. PGGM demands ARCP Board shake up

    Accounting problems at American Realty Capital Property are linked to a weak corporate governance, explains Hans Op ‘t Veld to the Wall Street Journal.

    • Hans Op t Veld
    • 26 February 2015
    • In the media
    • 0 reactie(s)
  47. PGGM joins Circular Economy 100

    Dutch cooperative and pension fund service provider PGGM becomes the latest member to join the Circular Economy 100 – a programme which convenes businesses, emerging innovators and regions to collaborate and share insights on the circular economy.

    • Frido Kraanen
    • 18 February 2015
    • In the media
    • 0 reactie(s)
  48. Open letter to the Board of Directors of Oracle

    ​PGGM and Railpen, both long term shareholders in Oracle, have deep concerns about the corporate governance of the company. In this open letter the CEO’s of PGGM and Railpen ask the Oracle Board to address these governance concerns.

    • Else Bos
    • 25 January 2015
    • Blog
    • 0 reactie(s)
  49. Shareholders want Oracle Board accountability

    PGGM and Railpen are pressing the Board of Oracle to start a dialogue with long term shareholders, the Financial Times is reporting.

  50. Experiences with investing in Hedge Funds

    ​PGGM no longer invests in hedge funds on behalf of PFZW. Ruulke Bagijn looks back at eleven years of investing in this specific asset category.

    • Ruulke Bagijn
    • 09 January 2015
    • Blog
    • 0 reactie(s)
  51. The lawyer is out to lunch and robots are taking over the firm!?

    ​There is a temptation, when thinking about the future of legal services, to simply think about introducing unique structures, or outsourcing, or innovative ways of billing. However, it is more a question of how law firms and legal departments deliver their services. And since a whole lot has been written regarding the future of legal services, there may be a tendency to simply roll your eyes and think “here it comes again!” But do not let me be misunderstood!

    • Max Hübner
    • 06 January 2015
    • In the media
    • 0 reactie(s)
  52. PFZW: the Dutch pensions giant reviewing long-term, sustainable investing on a ‘White sheet of Paper’

    ​RI talks to Jaap van Dam, Managing Director Strategy at PGGM, about a multi-year research project that could radically change its investing in the next three years starting 2015.

    • Jaap van Dam
    • 05 January 2015
    • In the media
    • 0 reactie(s)
  53. Pension capital should not follow, but lead

    ​Major investors must also look at the impact of their own actions on the stability of the financial markets and on the real economy. Pension capital should not follow, but lead, says Marcel Jeucken, PGGM's managing director for responsible investment, in an interview with Financial Investigator.

    • Marcel Jeucken
    • 16 December 2014
    • In the media
    • 0 reactie(s)
  54. PGGM endorses IASB Statement of Shared Beliefs

    ​The launching of an new IASB initiative should contribute to a higher quality of financial information.

    • Eloy Lindeijer
    • 02 December 2014
    • Blog
    • 0 reactie(s)
  55. Working towards sustainable investing

    How to implement a sustainable investment framework? Ruulke Bagijn talks to SuperReview ‘This is about long term investing providing a pension in a sustainable world’

    • Ruulke Bagijn
    • 24 November 2014
    • In de media
    • 0 reactie(s)
  56. Engaging with Oracle - Anatomy of a Shareholder Proposal

    Since 2010 PGGM and Railpen have been trying to start a dialogue with the Board of software giant Oracle about its poor corporate governance. In 2014 a group of major investors are escalating engagement with the tech firm, writes Paul Hodgson in Responsible Investor.

  57. Special Report - Securities Services: In time, every time

    ​As a result of a new regulatory framework for derivatives, pension funds will need to come up with much more collateral than before. They will face multiple challenges to get the correct collateral in the right place at the right time.

    • Ido de Geus
    • 15 September 2014
    • In the media
    • 0 reactie(s)
  58. Creating more room for green growth

    ​The world needs more ‘green growth’ to make sure that future generations also experience prosperity and well-being. Pension money can play a crucial role here, because it is invested long term. But to get there, governments could be more supportive of investors’ needs, while investors should attach greater weight to social needs and returns, says Chief Investment Management Eloy Lindeijer in a speech for the Duisenberg School of Finance.

    • Eloy Lindeijer
    • 12 September 2014
    • Blog
    • 0 reactie(s)
  59. PFZW reformulates investment principles

    PFZW, the €150 billion ($205 billion) Dutch pension fund for the health care industry, has created a new investment framework; the result of an 18-month soul-searching journey called “The White Sheet of Paper”. This will translate into policy and implementation steps starting in 2015. Jaap van Dam, PGGM´s chief strategist, explains.

    • Jaap van Dam
    • 08 August 2014
    • In the media
    • 0 reactie(s)
  60. How to limit ESG risks at your partners

    ​Both private equity investors and their clients are interested in ESG policies. PGGM's Tim van der Weide and Eric-Jan Vink argue that proper management of environment and social risks in a portfolio adds value. But how can you, as a client, influence your investment partner's ESG policy?

    • Eric-Jan Vink
    • 22 July 2014
    • Blog
    • 0 reactie(s)
  61. PGGM finds out what it really means to be a long-term investor

    Customised benchmarks, absolute return strategies and long-term mandates are all being considered by the PGGM executive team as it implements the new PFZW investment framework. Amanda White spoke to Ruulke Bagijn chief investment officer of private markets and Marcel Jeucken, managing director responsible investment at PGGM about what it really means to be a long-term investor.

    • Ruulke Bagijn
    • 09 July 2014
    • In the media
    • 0 reactie(s)
  62. Rethinking Investing from the Ground Up: How PFZW and PGGM are meeting this challenge

    ​In 2013, Pensioenfonds voor Zorg en Welzijn (PFZW), the second-largest pension fund in the Netherlands, adopted an ambitious set of investment principles – formally titled the Investment Framework – following an 18-month process that began by asking, “What if we could start investing from scratch?” and during which PFZW’s Board members interviewed more than 30 industry experts from around the world. The project produced three important results. First, the PFZW Board has taken full ownership of the resulting investment principles. Second, the project created a powerful common language, both inside PFZW and with the investment organization PGGM. Third, it produced a fresh set of investment principles that combines lessons from the global financial crisis with a desire for strong integration of sustainability factors in investment decisions.

    • Jaap van Dam
    • 26 May 2014
    • In the media
    • 0 reactie(s)
  63. How to make an ESG report cutting edge

    ​As asset managers who require others to abide by ESG standards, we should lead on ESG reporting ourselves as well, states PGGM's Tim van der Weide. But what would make an ESG report cutting edge?

  64. Frequently asked questions about the exclusion of Israeli banks

    ​PGGM has received questions about its decision to exclude a number of Israeli banks from investment. We want to be transparent about how we deal with these questions.

  65. Principles for Responsible Institutional Investment in Farmland Report PGGM 2013

    ​On 6 September 2011 PGGM and a group of institutional investors jointly launched the ‘Farmland Principles’. These cover the sustainable management of natural resources and the environment, respect for human rights and land rights of local population and the upholding of ethical standards and values in investments in agricultural projects. By signing these principles, PGGM commits to implement them in its agricultural investments and to report publicly on its progress each year.

    • Marcel Jeucken
    • 20 December 2013
    • Blog
    • 0 reactie(s)
  66. Impact investing 'same game' as other investments - PGGM

    Impact investments should not be viewed as a separate asset class but rather as an approach, and therefore not incur higher than usual management fees, pension investors PGGM and KLP have argued. ​

    • Wouter Koelewijn
    • 14 October 2013
    • In de media
    • 0 reactie(s)
  67. Dementia Strategies: The Netherlands

    The Dutch Ministry of Health, Welfare and Sport announced in April they will be investing 32.5 million euros in the battle against dementia. This money is intended for the Delta Plan Dementia, a collaboration between public and private domains to stop the vast increase in the number of people who live with dementia. The announcement marks an important step from the Dutch government in addressing the issue of dementia.

    • Else Bos
    • 01 October 2013
    • In the media
    • 0 reactie(s)
  68. Responsible investment specialists should watch their language

    Buzzwords such as 'externalities' and 'extra-financial risks' make responsible investment sound like a niche area for tree-huggers. Responsible investment specialists must become better storytellers for mainstream investors and CFOs.

    • Tim van de Weide
    • 21 August 2013
    • In the media
    • 0 reactie(s)
  69. Church’s Wonga debacle shows need for portfolio scrutiny

    The archbishop of Canterbury’s recent condemnation of payday lending followed by news that the Church of England is indirectly invested in Wonga, a high-interest lender, is another wake-up call for institutional investors to know exactly what their portfolios hold.

    • Pieter van Stijn
    • 04 August 2013
    • In the media
    • 0 reactie(s)
  70. WeHelp: Helping People to Help Each Other

    The Transformation of a Caring Society in The Netherlands.

    • Frido Kraanen
    • 01 July 2013
    • In the media
    • 0 reactie(s)
  71. "I have been on both sides of the table"

    ​Private Equity International (PEI) talks to PGGM's Head of Private Equity Eric-Jan Vink.

    • Eric-Jan Vink
    • 22 April 2013
    • In the media
    • 0 reactie(s)
  72. PGGM A case for Defined Ambition

    ​The Dutch are working on a new pension deal as, in their current form, Defined Benefit plans are unsustainable and individual Defined Contribution is not a viable substitute for DB.

    • Michel de Jonge
    • 01 April 2013
    • Position paper
    • 0 reactie(s)
  73. EMIR: Pension funds position on developments in level 2

    ​PGGM endorses the principles of the European Market Infrastructure Regulation (EMIR), such as increased transparency, reporting obligations and market security.

    • Michel de Jonge
    • 01 March 2013
    • Position paper
    • 0 reactie(s)
  74. The Federation of Dutch Pension Funds: Position Paper First Quantitative Impact Assessment run by the Dutch Pension Funds

    ​At the request of the supervisory authority the DNB (which was invited by EIOPA to give input in this respect), a number of Dutch pension funds have executed a Quantitative Impact Study (QIS) into the proposed review of the IORP Directive. This demonstrated that the first so-called QIS provided insufficient and inadequate input for a well-substantiated review and that a supplementary study would be necessary if the qualitative and quantitative effects were to be successfully identified.

    • Position paper
    • 12 February 2013
    • Position paper
    • 0 reactie(s)
  75. PGGM European Market Infrastructure Regulation (EMIR)

    ​The new “Over The Counter” (OTC) derivative landscape is evolving rapidly. In the temporary stay pension funds have been granted regarding exclusion from the EMIR obligations, we must seek to optimise this landscape. Introducing new rules for non-cleared transactions will result in pension funds facing both increased costs and greater risks. This is the opposite of the objectives intended by EMIR.

    • Michel de Jonge
    • 01 February 2013
    • Position paper
    • 0 reactie(s)
  76. Pension Fund Risk Manager of the year: PGGM

    Roughly 2.5 million people in the Netherlands count on pension administrator PGGM to look after assets that, as of last October, were worth €128 billion. It’s a heavy responsibility, and the firm’s risk and treasury executives say it tries to repay that faith by making risk considerations central to everything it does. Not every financial institution is as rigorous, of course, so PGGM’s biggest focus in recent years has been on counterparty exposure, where it has made some big strides.​

    • Arjen Pasma
    • 31 January 2013
    • In the media
    • 0 reactie(s)
  77. Position Paper Explanatory note FTT

    ​In June 2012, the Federation of Dutch Pension Funds responded to a so-called “explanatory note” published by the European Commission in May in connection to the planned FTT. In this note, the European Commission provided its view of the impact the FTT will have on pension funds.

    • Position paper
    • 21 June 2012
    • Position paper
    • 0 reactie(s)
  78. Position Paper White Paper

    ​The Federation of Dutch Pension Funds welcomes the White Paper published by the European Commission in February 2012.

    • Position paper
    • 18 April 2012
    • Position paper
    • 0 reactie(s)
  79. Position Paper MiFID/MiFIR

    ​The Federation of Dutch Pension Funds supports the objectives of the MiFID review (Markets in Financial Instruments Directive). In particular, the review will ensure greater transparency and take account of technological innovations, improved supervision, better protection of investors and more robust and efficient market structures.

    • Position paper
    • 17 April 2012
    • Position paper
    • 0 reactie(s)
  80. Political Statement IORP

    ​In numerous areas, the Federation of Dutch Pension Funds is ready to cooperate with the European Commission regarding the review of the IORP Directive; these areas include risk management, governance, greater transparency and better communication.

    • Position paper
    • 01 March 2012
    • Position paper
    • 0 reactie(s)
  81. Statement White Paper

    ​The Federation of Dutch Pension Funds welcomes the White Paper on Pensions presented by the European Commission and subscribes to the need for pension reforms in order to achieve the goal of adequate, sustainable and secure pensions.

    • Position paper
    • 16 February 2012
    • Position paper
    • 0 reactie(s)
  82. Position Paper EMIR

    ​The Federation of Dutch Pension Funds is pleased with the outcome of the EMIR negotiations regarding the “Over The Counter” (OTC) derivatives regulation; which includes an exception for pension funds.

    • Position paper
    • 13 February 2012
    • Position paper
    • 0 reactie(s)
  83. Pensions sector says Solvency II ill-suited

    The good folks at the European Insurance and Occupational Pensions Authority have a busy few weeks ahead. They are sifting through more than 3,000 comments on the consultation paper draft response to call for advice on the review of directive 2003/41/EC.

    • Niels Kortleve
    • 22 January 2012
    • In the media
    • 0 reactie(s)
  84. Position Paper Financial Transaction Tax

    ​Debates are taking place in the European Union about a so-called Financial Transaction Tax. Europe wants there to be more regulation of the financial sector to enhance the degree of transparency, supervision and stability.

    • Position paper
    • 01 November 2011
    • Position paper
    • 0 reactie(s)
  85. Position Paper CRD IV

    ​It is imperative to have consistency in the positions being taken by the EU policy makers and regulators. Consequently, the points of departure between EMIR and CRD IV with respect to the trade of “Over The Counter” (OTC) derivatives by pension funds should be aligned.

    • Position paper
    • 20 October 2011
    • Position paper
    • 0 reactie(s)