NETHERLANDS - Dutch pension funds are increasingly looking to asset managers for liability-driven solutions to bring their portfolios in line with the funding requirement set by the new supervisory framework ‘Financieel Toetsingskader' (FTK), says Northern Trust Global Investments.
The FTK requires assets and liabilities to be valued on a marked-to-market basis and is based on a 105% minimum funding position plus a solvency margin of up to 25%. This solvency margin depends on...
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