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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

Source: Annual Accounts

Source: Annual Accounts

dutch pension service providers1
Dutch pension service providers

Source: Annual Accounts

Source: Annual Accounts

profile of apg
Profile of APG
  • 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

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

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

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

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

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

Jeroen van Gelderen

Senior Actuary Consultant

  • J.vanGelderen@cordares.nl
  • +31 20 583 35 86

Ruben Laros

Junior Business Developer

  • Ruben.laros@apg.nl
  • +31 20 604 92 14