- Dutch pension service provider, PGGM, and asset manager, MN, are to collaborate in Operational Due Diligence (ODD) research.

As part of the collaboration, PGGM and MN will jointly monitor a number of selected external managers, which they said will lead to efficiency benefits, both for PGGM and MN and for the external managers. Both PGGM (for the benefit of Pensioenfonds Zorg en Welzijn, among others) and MN (for, among others, pension funds PMT and PME) have teams for Operational Due Diligence, which are involved in research into both new and existing investments by clients. The collaboration focuses on monitoring existing external managers.


- Pensioenfonds SNS Reaal’s policy funding ratio increased by 0.2 percentage points in June, from 114.7 per cent to 114.9 per cent.

The policy funding ratio has fewer peaks and troughs, because it is an average of the current funding ratios over the past 12 months. The board uses the policy funding ratio as the basis for making an annual decision on whether or not to increase the pensions. The fund said that due to continuously rising interest rates, liabilities fell sharply again. Both fixed income and equities fell in June. The fall in investments was stronger than the fall in liabilities. This resulted in a final decrease in the funding ratio (UFR) from 118.1 per cent in April to 117 per cent in June.


- PensionDanmark has achieved the highest ranking among Danish pension funds in the latest CEM Transparency Benchmark.

The benchmark is based on an analysis of 75 pension funds in 15 countries, assessed for their performance, governance, cost and responsible investing. PensionDanmark ranks in the top-20 among international peers. The analysis includes annual reports, websites, financials and other publicly available documents. “Transparency is a core value to PensionDanmark and we are proud to be the Danish front-runner and find ourselves in the international top third,” PensionDanmark CEO, Torben Möger Pedersen, said.

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