Tjibbe Hoekstra

1 week ago | ipe.com | Tjibbe Hoekstra

The percentage of ABP members who want to invest sustainably has continued to rise in recent years, according to a member survey. In a similar poll conducted more than two years ago, two thirds of participants indicated they wanted ABP, the €520bn pension scheme for Dutch civil servants, to invest their pensions sustainably. This percentage has now grown to 78%, according to survey results published on Friday.

1 week ago | ipe.com | Tjibbe Hoekstra

The controversial proposal by actuary-turned-MP Agnes Joseph to give individual members a say on whether they want to see their defined-benefit accruals converted to defined-contribution capitals was narrowly rejected by parliament last week. A roll-call vote was required after a first vote ended in a 75-75 draw. The outcome of the vote was uncertain until the last minute, as it was such a close-fought battle.

2 weeks ago | ipe.com | Tjibbe Hoekstra

Dutch pension asset manager PGGM has lost a court case in which it requested the dismissal of its chief economist Guy Verberne. According to PGGM, Verberne had compared the firm’s leadership to North Korea, a claim dismissed by the court. The court confirmed a verdict from a lower court last year, ruling that PGGM has insufficient ground to fire Verberne.

2 weeks ago | ipe.com | Tjibbe Hoekstra

The Dutch parliament narrowly voted on Tuesday to reject a proposal by member of Parliament (MP) Agnes Joseph, a former actuary, to give pension fund members the opportunity to block the conversion of their defined benefit (DB) accruals to defined contribution (DC) capitals. A roll call vote was required after a first vote ended in a 75-75 draw. The outcome of the vote was uncertain until the last minute, as it was such a close-fought battle.

3 weeks ago | ipe.com | Tjibbe Hoekstra

Pensioenfonds PGB has implemented a fully passive strategy for its portfolio of listed equities. The fund has sold its “disappointing” allocation to factor investing and is no longer making active choices to invest more or less in certain regions. Until last year, the pension fund was overweight Europe and emerging markets versus the index, investing less in the US.