Dutch minister wants pension funds to increase local investments

first_imgThe Netherlands’ economic affairs minister Henk Kamp has said he will consult Dutch pension funds about increasing their local investments.Answering questions from Martin van Rooijen, MP for 50Plus, the Dutch political party for the elderly, Kamp suggested that such a change wouldn’t have to come at the expense of returns.According to the minister, pension funds invest just 2% in the Netherlands at the moment, whereas insurers invest 30% locally.He emphasised the importance of a strong economic structure for society, “as pension funds’ participants will also benefit from this”. He added that he wanted to engage with pension funds “without rules, pressure, or threat”.Van Rooijen’s questions were triggered by a recent TV appearance by Kamp, during which the minister talked about pension funds’ position in the Dutch economy.In Kamp’s opinion, pension schemes could play a “stabilising role in the volatile international economy” through investing in Dutch multinational companies.“It would make me feel very comfortable if pension funds would not only focus on returns but at the same time take into account results that would also benefit the Netherlands,” the minister explained.However, Van Rooijen said the comments sounded like an encouragement to pension funds to deviate from their main goal of investing in the interest of their participants and pensioners.The economic affairs minister also made the comparison between pension funds’ and insurers’ domestic allocations when the Dutch Investment Institute (NLII) was established in 2014.At the time, he suggested that pension funds should be able to increase their investments in the Netherlands by “more than one percentage point”.In the past, Dutch investment professionals have not been enthusiastic about increasing local investments.For example, speaking during the Pension Federation’s congress in 2013, Toine van der Stee, chief executive of the €20bn asset manager Blue Sky Group, said that his company would not change its carefully designed investment policy “because politics deem it necessary”.“We are not a philantropic institution. Our task is to offer purchasing power for the participants of our clients,” he said.last_img read more

UMBC, Vermont put streaks on line

first_imgUMBC, Vermont put streaks on line SAVVY SENIORS: Vermont’s Anthony Lamb, Stef Smith and Everett Duncan have collectively accounted for 54 percent of the team’s scoring this season, including 48 percent of all Catamounts points over the last five games.CREATING OFFENSE: K.J. Jackson has either made or assisted on 49 percent of all Maryland-Baltimore County field goals over the last three games. Jackson has 23 field goals and 13 assists in those games.STREAK SCORING: Vermont has won its last five home games, scoring an average of 78.6 points while giving up 53.8.ASSIST-TO-FG RATIO: The Catamounts have recently used assists to create baskets more often than the Retrievers. Vermont has 47 assists on 81 field goals (58 percent) over its previous three contests while Maryland-Baltimore County has assists on 30 of 73 field goals (41.1 percent) during its past three games.DID YOU KNOW: The Vermont defense has allowed only 58.4 points per game to opponents this season, ranking the Catamounts fifth among Division I teams. The Maryland-Baltimore County offense has averaged 68.3 points through 27 games (ranked 239th, nationally). ___For more AP college basketball coverage: https://apnews.com/Collegebasketball and http://twitter.com/AP_Top25___This was generated by Automated Insights, http://www.automatedinsights.com/ap, using data from STATS LLC, https://www.stats.com Associated Press center_img Share This StoryFacebookTwitteremailPrintLinkedinRedditMaryland-Baltimore County (13-14, 6-6) vs. Vermont (22-6, 12-1)Roy L Patrick Gymnasium, Burlington, Vermont; Saturday, 7 p.m. ESTBOTTOM LINE: Vermont looks for its 13th straight conference win against Maryland-Baltimore County. Maryland-Baltimore County’s last America East loss came against the Stony Brook Seawolves 74-63 on Feb. 1. Vermont is coming off a 63-54 win over Stony Brook in its most recent game. February 21, 2020last_img read more