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Agenda. 09:00 – 10:00: The Dutch Pension system Herman Wijffels 10:00 – 11:00: Shell Pension fund Willem Handels 11:00 – 12:00: An introduction to APG Jeroen van Gelderen 12:00 – 13:00: Lunch. An introduction to APG Owned by pension funds, for pension funds. Jeroen van Gelderen

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Agenda
Agenda

  • 09:00 – 10:00: The Dutch Pension system

    Herman Wijffels

    • 10:00 – 11:00: Shell Pension fund

      Willem Handels

    • 11:00 – 12:00: An introduction to APG

      Jeroen van Gelderen

    • 12:00 – 13:00: Lunch


An introduction to apg owned by pension funds for pension funds

An introduction to APGOwned by pension funds, for pension funds

Jeroen van Gelderen

Amsterdam

May 19, 2010


Pension delivery organisations pdos

In the Netherlands, pension services are in most cases outsourced to professional

financial institutions, pension delivery organisions (PDOs).

  • Asset management and investment services

    • ALM

    • Investment advisory services

    • Asset management

    • Risk management

    • Reporting

    • Custody services

    • Treasury

  • Pension administration

    • Support to the Board of Trustees

    • Advisory services

    • Reporting and annual report

    • Collection of contributions

    • Pay-out phase

    • Administration

    • Communication

  • Pension Delivery Organisations (PDOs)


    Dutch pension service providers
    Dutch pension service providers outsourced to professional

    Source: Annual Accounts

    Source: Annual Accounts


    Dutch pension service providers1
    Dutch pension service providers outsourced to professional

    Source: Annual Accounts

    Source: Annual Accounts


    Profile of apg
    Profile of APG outsourced to professional

    • Established in 2008, but with a long tradition and experience in managing pensions

    • Result of a merger of APG and Cordares

    • Servicing, among others, the pension fund for the public sector, the building sector, housing and the cleaning industry

    • Assets under management amount to more than EUR 230 bn

    • Servicing 20,000 employers and more than 4 mln plan members

    • Owned by pension funds

    • No profit maximisation

    • Offering a full range of pension services


    Strategy of apg
    Strategy of APG outsourced to professional

    Enhancing the Dutch collective pension system (2nd pillar) by offering high quality at a reasonable price

    Business

    Products / services

    Integrated approach, but always fitting fund-specific requirements and demands

    Clients

    Focused approach, in order to quarantee high level of quality


    Integrated approach towards pension services
    Integrated approach towards pension services outsourced to professional

    Board of Trustees

    • General support

    • Risk management

    • Advisory services

    Assets

    Liabilities

    • ALM

    • Advisory services

    • Pension fund asset management

      • Targeted at fund objectives

      • Long term perspective

    • Reporting

    • Custody

    • Collection of contributions

    • Administration

    • Communication

    • Payments

    • Reporting

    • All fund specific


    Asset management
    Asset management outsourced to professional

    Characteristics asset management

    • Two basis portfolios aimed at specific risk/return profile

    • Focus on pension specific asset management

      • Alignment fund and asset manager

      • Focus on implementation and innovation

      • ESG

        Advantages for pension funds

    • Alignment with overall objectives of the fund

    • Innovative & socially responsible

    • Long term, pension related focus

    • Access to alternative asset classes

    • Low costs

    AssetManagement

    ‘Income Portfolio’

    • Treasuries

    • Index Linked Bonds

    • Credits

    • Cash

    • Infrastructure

    • Absolute Return Strategies

    • Liability Hedging Alternatives

    ‘Growth Portfolio’

    • Developed equities

    • Emerging equities

    • Private equity

    • Real Estate

    • Commodities

    • Return Optimizing Strategies

    • Innovations

    ‘Portfolio optimization platform’

    • Allocatie and overlay

    • Treasury and trading

    • Strategy and research


    Pension administration

    Characteristics outsourced to professional

    Account management is key

    Strong link with social partners

    Expertise with respect to legal and financial pension issues

    Strong presence in “The Hague” and “Brussels”

    Expertise and experience with pension fund communication

    Effective and efficient collection of pension fund contributions

    Overall approach to income-substituting old-age benefits

    Benefits for pension funds

    High quality at a reasonable price

    “Best in class” advise

    Fund-specific approach

    “Fiduciary” approach with respect to servicing employers and plan members

    Transparant communication to plan members

    Operational excellence

    If desired, more than only pension services in relation to old-age benefits

    Pension administration


    Apg all round pension provider
    APG, all round pension provider outsourced to professional

    Bundling pension-expertise and -control

    • Pension policy/advisory services

    • Financial control

    • Risk management

    APG Group

    ‘Shared framework’

    Asset management

    Pension admini-stration

    ‘Cordares’

    Pension admini- stration

    ‘APG’

    Supple- mentary products

    ‘Loyalis’

    ‘Shared services’

    • IT-supply

    • Procurement

    • Facilities

    • Payments & receivables

    APG Group


    Contact details
    Contact details outsourced to professional

    Jeroen van Gelderen

    Senior Actuary Consultant


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