Current pension topics discussed by authorities in the sector

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We like actively sharing knowledge, and obtaining knowledge from the pension funds we work for and other authorities in the pension sector. This serves to optimize our services and to keep us on our toes. Read more >

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Recent publications

Responsible Investment Report 2015

Asset managers can play an important role in making the world more sustainable. This entails a great deal of responsibility and is something we are very keen to put into practice, working with our clients. This report sets out how we did this during 2015 and the outcomes we obtained.

APG Group's annual report 2015

Herewith you will find APG's annual report of 2015.

Pension doc., number 2, june 2016

Pension Doc. provides information for policy advisors, managers, politicians and academics.

Speakers’ Agency

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Contribution of APG for Dutch PBM publication Pensioen Topics

In the new Dutch book ‘Pensioen Topics’ (Dutch for Pension Topics), a publication of Pensioen, Bestuur & Management, leading authors in the pensions world present their vision on the pension contract, investments, management and governance. In this book, mainly focused on pension fund Board Members, APG colleagues Jurre de Haan, Peter Gortzak and Alwin Oerlemans present their vision on the pension system of the future. Read more >

Investing in UN targets, with return on investment

Last year, the UN set out the “Sustainable Development Goals” (SDGs) for 2030. A set of 17 highly ambitious goals relating to climate, health care, education and further topics. In the coming 15 years, we will need all hands on deck, and we will need a contribution from major institutional investors to achieve these goals. Read more >

Gender Diversity: Realizing Europe’s Potential

Experiences and Best Practices about gender diversity on European Boards

As a follow-up on the quantitive analyses of European Women on Boards in april 2016 a qualitative study on board gender diversity was published this July. It is based on interviews with twenty important business and governance leaders from across Europe, comprised of board members from large listed companies, institutional investors, and others. On behalf of APG David Shammai shared his vision on the subject. Read more >

Pension contracts and risk sharing

A level playing field comparison

Many countries witness an ongoing debate on how current pension contracts could be improved, compare for example the Netherlands and the United Kingdom regarding 2nd pillar pensions. A paper about pension contracts and risk sharing by Jurre de Haan (APG), Zina Lekniute (APG, University of Amsterdam) & Eduard Ponds (APG, Tilburg University) Read more >

APG increases share of responsible investments

APG has almost doubled its investments with a high sustainability value; this is evident from the 2014 Responsible Investing Report. While at the beginning of 2014, such investments accounted for approximate €16 billion, this figure reached some 31 billion by the end of 2014. In total this represents almost eight percent of APG’s assets under management. Read more >

Starters on the job market give too little thought to their own pension

Young people in the pension sector start Pension On campaign

More than half (51%) of young people on the job market give no thought to their own pension, according to a survey on financial awareness among starters on the job market. This has prompted young employees in the pension sector to launch the Pension On campaign to increase pension awareness among starters. Read more >

Large investors are to get a greater say in the formation of certain corporate boards

After many years of opposition, several US corporations are now willing to give shareholders the right to nominate directors to the board. The right will be granted to (groups of) shareholders owning at least 3% of the corporation’s shares continuously for at least three years. Read more >

European Pensions Go Green for Social, and Bottom-Line, Benefits

In 2012, Mats Andersson, CEO at Fjärde AP-fonden, or the Fourth Swedish National Pension Fund, began a massive purge of the fund’s public equity portfolio. The mandate: Strip out every known environmental polluter in the S&P 500 index (defined as companies with large carbon dioxide emissions and/or fossil fuel reserves) from the portfolio, which makes up 60 percent of the fund’s total holdings. Read more >

Disappointed dutiful participants, unconcerned developers, rational entrepreneurs.” These are just some of the five pension personalities APG has discovered among Dutch pension participants. APG believes pension funds can communicate with participants in a more relevant way by gearing information to the participant’s personality and motives. Read more >

APG wants to double sustainable energy investments

Confirmation of sustainability ambitions at the UN Climate Summit in New York

In the next three years, APG wants to double its investments in sustainable energy generation from one to two billion EURO. Today, in a speech at the United Nations Climate Summit in New York, APG executive Angelien Kemna emphasizes the role that pension funds and institutional investors can play in combating climate change. Read more >

APG sets remuneration guidelines

for listed European companies

APG Asset Management has formulated guidelines for remuneration at listed European companies in its global portfolio. APG has taken this step to clarify its perspective as a shareholder that focuses on long-term value creation and to make discussions on the subject of pay with the boards of these companies more effective. Read more >

Response to pension communication bill

Is it only about improving pension communication?

Tuesday 2 September 2014, State Secretary Jetta Klijnsma submitted a Pension Communication Bill to the House of Representatives. The aim of this Bill is to make it easier for people to find out about their pension and give them a better idea of the current position. Read more >

Pension for salaries above €100,000 improved

Net scheme for top salaries more favorable than announced by government earlier

Employees with an income of more than €100,000 can continue to save more pension than was expected to be the case. The new net pension saving scheme for high salaries is more favorable than the government had announced before the summer. This emerged from the final proposal that State Secretaries Jetta Klijnsma of Social Affairs and Eric Wiebes of Finance sent to the House of Representatives this week. Read more >

Better pensions for the Brits

Ruben Laros and Alwin Oerlemans talk about the surprise in the British Queen’s Speech this year: collective pensions in line with the Dutch CDC (collective defined contribution) model are to become possible in the United Kingdom. In addition to other innovations in the British pension system, such as the introduction of the NEST with national coverage, legislation is being introduced to enable a tenable pension scheme based on risk sharing. Read more >

'Toward a new pension system in the Netherlands'

APG contributes to conference on future of the pension system

On June 5 2014 a conference entitled “Toward a new pension system in the Netherlands” was held in Rotterdam. Onno Steenbeek (Managing Director, Asset Liability Management at APG and professor at the Erasmus School of Economics) was organizer and honorary chairman. Read more >

On Wednesday, June 25, State Secretary for Social Affairs and Employment Jetta Klijnsma sent the legislative proposal for amendment of the Financial Assessment Framework (abbreviated FTK in Dutch) to the Dutch House of Representatives. In this proposal the government proposes limited changes with respect to the current supervisory framework for pension funds. Read more >

Changes in EU rules for pension funds

The European Commission recently published a proposal for a review of the European Pension Fund Directive (IORP Directive). This proposal primarily contains requirements on risk management, governance, transparency and the provision of information to participants and (national) regulators. Read more >

Capital based pension systems across Europe

From a regulator’s perspective

Funded and collective pension systems are complex contracts involving and interlinking many generations; sometimes even the unborn. These contracts between old and young go hand in hand with an exchange of mutual benefits and obligations between generations, which can lead to an improvement of welfare for both. Indeed, most empirical evidence and theory in this respect show that sharing risks between generations is welfare-enhancing, although the magnitude of these benefits is debated. Read more >

Perspectives on Dutch pensions in Europe

Let me first explain that I am not the kind of expert who usually fills the pages of a book on Pensions. I consider myself a generalist, instead of a real specialist. Nevertheless I have some observations I would like to share with you. There are things I am wondering about myself. But I mainly want to use this contribution to let everybody know that I am willing to defend the Dutch pension system in Europe. Read more >

Now that the debt crisis seems more or less under control, Europe’s next challenge is to put the economy back on track of robust, structural growth. Important to this task is to reconsider the European financial landscape, and to see how it can be better geared to supporting the long-term investment needs with sustained growth. Read more >

Mind the gap...

With occupational pensions to an adequate retirement income

Demographic developments leading to cuts in state pension provision create the need to supplement retirement income with private pensions. Pension reforms all across Europe had in the early 2000s therefore a common theme: reducing the generosity of the public pay-as-you-go (PAYG) public pension pillar and strengthening or building up (new) funded pillars relying on private saving through occupational and individually funded pension plans. Read more >

European policy view on pensions and financial stability

European financial markets and financial intermediation are in a process of profound change, and in particular so since the recent global banking crisis. Traditionally Europe has been basing financial intermediation on its system of universal banks, with other forms of financing channels on aggregate rather ancillary and only somewhat more developed in some Member States. Read more >

Pension domain needs product innovation

Alwin Oerlemans, Director Institutional Business Development for pension provider APG, indicated during an afternoon study session of the Dutch Association of Investment Analysts (VBA) that the pension investor can expect to see new innovations emerge over the coming years. For example, what can be done to improve the investability of illiquid assets? Read more >

Annual update of different examples of APG’s ESG-activities on interactive map.

Responsible investing is an integral part of our investment policy. Factors with regard to environmental, social & governance (abbreviated to ESG) can have a positive impact on the financial performance of companies in the long-term. Read more >

The European Commission announced that the discussions will be reopened on a proposal outlining portability of pensions for employees moving between two EU member states. The last time a plan was presented on this subject was in 2007, when the European Commission issued a proposal for a Directive. Read more >

Influence of relaxation BPF2000 Act on pension funds

Sections 5 through 7 of the BPF2000 Act are expected to be relaxed effective from July, 2013. From that date on, pension funds can communicate who implements their policy, and administrative organizations and asset managers, such as APG, are allowed to disclose which pension funds are their clients. Read more >

In February 2012 the European Commission published the 'White Paper on Pensions'. This White Paper contains 20 European Commission policy initiatives for 'adequate and sustainable pension systems' in Europe. The White Paper is a follow-up of the Green Paper on Pensions which was published in 2010. Read more >

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