Stichting Pensioenfonds UWV Increase Alternative Allocation to 17%
Stichting Pensioenfonds UWV based in the Netherlands is growing its allocation to alternatives to 17%. This was from 9%. The implementation of the augmented allocation will be around three years. In addition, pension fund management costs are expected to increase from €14 million to €20 million.
The allocation increase in alternatives will decrease allocation to fixed income.
In 2003, the fund was created as a result of a merger between the pension funds of UWV, GAK Nederland BV and CADANS.