The movements in the short-term debt with regard to pension premiums were as follows:
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This is a fee incentive to be paid to bpfBOUW over the year 2016.
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Bouwinvest has management agreements with the funds for an indefinite period with a two-year notice period, as well as a mandate with bpfBOUW regarding the International and Heritage portfolios for an indefinite period with a five year notice period.
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All amounts in € thousands unless otherwise stated
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Bouwinvest received a management fee of in total € 30.7 million (2015: € 30.5 million), of which € 29.2 million (2015: € 29.1 million) is based on the assets under management and € 1.5 million (2015: 1.4 million) is based on other mandates and
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The pension fund agreements chargeable to the financial year are composed as follows:
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