NETHERLANDS - AS A result of the sustained decline in interest rates, many Dutch pension funds are now assessing the probability of breaching the 105% minimum funding requirement set by the new supervisory framework ‘Financieel Toetsingskader' (FTK).
A new study by the Dutch bank ABN AMRO found that the fall in interest rates at the long end has to a great extent undone the solvency gainsfrom strong equity market performances in 2003 and 2004. ...
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