In the News
Following a consultation, the AFM has supplemented the 'Guidelines for advisory and asset management services' with guidelines for determining expected returns as part of the suitability assessment. The revised guidance was published on November 29, 2022. The reason for the addition is that the AFM has observed significant differences in expected returns in the market and suspects that some of the expectations are unrealistic.
As CFA Society Netherlands, we consider it important in the context of careful investment services to work with realistic returns. They can come about in different ways. We responded to the AFM's consultation by adding examples of best practices to arrive at realistic expected returns.
Background of the supplement and the updated guidance (in Dutch) can be viewed here.
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Every year, CFA Society Netherlands publishes risk parameters for investments that can be used when compiling investment portfolios. Historical figures up to and including 2020 have been used for our new publication. This year we added gold as a separate asset class to complement the broader commodity index. The differences in returns and volatility give rise to this.
Here you can view the Risicostandaarden Beleggingen 2021 in Dutch.
Press releases
- Nyenrode Business Universiteit en CFA Society Netherlands bundelen krachten in RBA-opleiding. Read more
- Global Pension Index: Pensioenkloof tussen mannen en vrouwen neemt toe Read more
- TIAS to provide part of CFA Society Netherlands' RBA program Read more
- Nederlandse pensioenstelsel voor derde jaar op rij beste ter wereld. Read more
- Accreditation from DSI for MiFID II Stay Compliant Program. Read more
- More than 21,000 Candidates Complete CFA Program. Read more
- CFA Institute Releases 2020 Global Investment Performance Standards. Read more
Columns in Financial Investigator
- December 2022: LDI is dood, lang leve LDI?, Jens van Egmond
- October 2022: Geen nieuws is goed nieuws, Felicia Canté, Alwin Oerlemans
- September 2022: Hulde voor Vette!l Vincent Stap
- July 2022: Don't make climate promises you can't keep, Matt Orsagh
- Juni 2022: Ethische principes voor het nieuwe pensioencontract, Rik Albrecht, Alwin Oerlemans
- April 2022: Wat also risicodraagkracht niet overeenkomt met risicobereidheid? - Simon Heerings, Loranne van Lieshout
- March 2022: What gets measured, gets changed - Sarah Maynard
- December 2021: Samen voor een individueel pensioen - Tjitsger Hulshoff
- November 2021: De E staat niet toevallig vooraan in ESG - Maarten Mosselman
- October 2021: Geen stoffige bijeenkomst, wel stof tot nadenken - Raphie Hayat
- September 2021: Komkommertijd? - Cees Harm van den Berg
- June 2021: Het nieuwe pensioencontract: Einde van renteafdekking? - Gosse Alserda
- May 2021: Een wederopstanding van het standaard allocatiemodel? - Tom Steenkamp
- April 2021: Over chocoladevla, kinderopvang en zombies - Cees Harm van den Berg
- February 2021: The sustainability transition has reached a critical moment - Rhodri Preece
- December 2020: How can finance do its part to combat climate change? - Matt Orsagh
- November 2020: Ons pensioenstelsel, from Good to Great! - Gerben Jorritsma
- August 2020: Kortetermijndenken heroverwogen - Matt Orsagh
- June 2020: De standaard ‘toolkit’ van beleggingsprofessionals verandert in hoog tempo - Melinda Rook
- May 2020: Beleggen in tijden van verandering - Jacco Heemskerk
- April 2020: Pensioenen en private markten - voorzichtigheid is geboden - Sviatoslav Rosov
- March 2020: MiFID II in Europa: Gelijke monniken, maar waar zijn de gelijke kappen? - Anne-Marie Munnik
- February 2020: Een 'level playing field' voor duurzaam beleggen is binnen handbereik - Anne-Marie Munnik
- November 2019: Carriere als beleggingsprofessional: 5 tips voor succes - Anne-Marie Munnik
- October 2019: GIPS-standaard nu ook voor alternatieve beleggers en pensioenfondsen
- September 2019: Europees beleid kantelt naar hechtere unie
- June 2019:AI: De mens heeft de toekomst
- May 2019: Nieuwe generatie beleggers eist duurzaamheid
- April 2019: De verschillende gezichten van China
- * February 2019: Moving on, from here to uncertainty
- December 2018: Scenariodenken - wat brengt het ons?
- October 2018: Ethiek en Integriteit: ‘The Slippery Slope’ - Diederik Bertens and Vandana Doekhie
- September 2018: Bloed, zweet en tranen (van geluk) - Cees Harm van den Berg
- June 2018: Purpose, Professionalism and the Rise of Trust - Pieter van Putten