Latest Amsterdam News
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AEGON releases €315million in securitisation transaction
AEGON has completed a €315million securitisation transaction to improve capital efficiency and optimise their capital structure as part of the group’s new strategy. The transaction adds the equivalent of around £250million of core capital, enhancing the financial flexibility of the group and improving the return on capital deployed in the UK. The move forms part of ...
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AEGON moves further into Eastern Europe
AEGON has further cemented its presence in Central and Eastern Europe with the acquisition of the Turkish life insurance and pension provider Ankara Emeklilik. The acquisition marks AEGON’s first step into the Turkish market, and is marketed as part of a broader strategy to build scale in emerging markets. The firm agreed to buy Ankara Emeklilik in February 2008, and AEGON also has ...
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Dutch pension liabilities fall
The value of the Dutch pension funds’ technical provisions stood at approximately €493bn at year-end 2007, a drop in liabilities of €14bn, according to De Nederlandsche Bank. Pension funds calculate these technical provisions in order to estimate what they are required to pay to future pensioners, and the size of this is dependent on factors such as capital market rates ...
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AEGON expands on Eastern European presence
AEGON Hungary Pension Fund is set to merge with UNIQA and Public Service Pension Fund in an attempt to further strengthen AEGON’s presence in the ever-developing pensions market across Central and Eastern ...
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Dutch metal pension funds launch joint in SRI policy
The two Dutch pension funds for the metal industry, the €33bn Pensioenfonds Metaalelektro (PMT) and the €21.5bn Pensioenfonds Metaal en Techniek (PME), have launched a joint social responsible investment policy. In conjunction with asset manager and pension provider Mn Services, jointly owned by PME and PMT, the two funds have drawn eight lead principles from international ...
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AEGON builds on first quarter success with Poland merger approval
AEGON, the life insurance and pensions company, has reported a nine per cent rise in underlying earnings before tax in its first quarter 2008 report. The report shows that operating earnings and net income has been affected by the recent instability of the world financial markets, but AEGON has reported no significant impairments. AEGON has also reiterated its confidence in meeting its ...
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Holland must do more to promote itself as pooling hub
Holland must do more to promote itself as a centre for international asset pooling, says a new report from the Netherlands, while also preserving the strength of the Dutch pensions ...
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Dutch financial confidence knocked by sub-prime crisis
Financial stability in the Netherlands is less favourable than it was six months ago, according to the DNB’s most recent assessment of the region. The Overview of Financial Stability (OFS), published by De Nederlandsche Bank (DNB), highlighted a recent period in the market when, triggered by the crisis in the US sub-prime mortgage market, liquidity evaporated in various credit ...
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Leading Dutch funds allocate €500m to clean technology
ABP and PGGM have re-inforced their commitment to sustainable investment with a joint mandate to invest in innovative, clean technology. The two largest pension funds in the Netherlands have appointed AlpInvest* to invest €500 million in innovative, clean technology in one of the largest mandates ever to be placed on the international private equity market. This is the first time ...
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Aegon enhances CEE prescence
AEGON has made further moves to bolster its presence in the Central and Eastern European (CEE) marketplace. Following its acquisition of PTE Ergo Hestia earlier this year, AEGON and BRE Bank have entered into exclusive negotiations on a possible merger of their two Polish pension funds, PTE Ergo Hestia SA and PTE Skarbiec-Emerytura SA. As part of the discussions, BRE Bank would grant AEGON ...
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Dutch funds respond to SRI embarrassment
Dutch pension funds have been shamed into smartening up their investment decisions after a current affairs TV programme in the Netherlands revealed that two of the largest funds were investing in US firms that produce cluster bombs and landmines. Dutch pension fund PGGM, the pension fund for the healthcare and social work sector, has since announced that it has stopped investing in these ...
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Dutch fund returns down says WM
Average returns for Dutch Pension funds in 2006 halved - from 14.8% in 2005 to 7.4% in 2006 – according to new performance figures by WM Performance Services (WM). Taking into account the consumer price index, which rose by 1.4%, this represents a real return of 5.9%, which is above the 10-year annualised real universe return of 5.2%, says the investment performance measurement ...
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Shell Oil Presses Supreme Court to Deprive Torture Victims of Justice
Bashe Yousuf, a torture victim from Somalia, was among plaintiffs who won a $21 million lawsuit against his Somali torturer in Federal Court. WASHINGTON-Will victims of distant genocides and crimes against humanity be allowed to continue using U. S. courts to seek justice against their persecutors, as well as the individuals and corporations that helped facilitate human rights violations across ...
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Wolters Kluwer Acquires Prosoft in Brazil
Wolters Kluwer announced today that it has acquired Prosoft Tecnologia S.A., a leading provider of tax and accounting software based in Sao Paolo, Brazil.The acquisition aligns with Wolters Kluwer`s strategy to expand its leading, high growth positions.Established in 1985, Prosoft is one of the largest tax and accounting software solutions providers in Brazil, with 250 employees, and serving all ...
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Europes Defense Double Dutch
Julian Lindley-French doesn't believe that shrinking European defense budgets will spur ever-closer defense cooperation. In fact, this erroneous notion not only jeopardizes NATO's vision of Smart Defense, it also means that Europe's leading armed forces will have a little bit of everything but not much of anything. By Julian Lindley-French for Atlantic ...
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Trio denies causing death of Dutch tourist in pub fight at Gawler
THREE young men have denied unlawfully causing the death of a Dutch tourist during a pub fight last year. Jason Bridgland, Alex Winter and a 17-year old youth who cannot be named, each pleaded not guilty today to a charge of manslaughter. Bridgland, 21, is alleged to have inflicted the punch that killed Henk van Oosterom outside the Bushmans Hotel in Gawler in September last year. He was ...
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Dutch police detain girl who wished to become jihadist fighter against Assad
The girl is the first female volunteer to be stopped before leaving the country - although there were suggestions at the weekend that two other women have previously made the journey, and that as many as nine of those who've gone to fight since 2011 have been under ...
Netherlands Feature
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Laura Dekker victim of ageism in Netherlands?
Laura Dekker’s future plans to sail around the world solo hang in the balance as her emotional and mental stability is argued over by two national child care agencies that are in disagreement about her state of mind.
Laura Dekker, 14, has been trying since August last year to sail around the world on her own and in so doing become the youngest person to accomplish the feat. When she first announced her plans, the courts quickly intervened and according to Netherlands news reports, she was placed under the custody of the Child Protection Board in order to be assessed. Read more
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