NETHERLANDS - ABP has reported a 28 percentage point drop in its coverage ratio, from 118% to 90%, since the end of the third quarter of 2008.
The €173bn fund said around two-thirds of this drop was due to falling interest rates and around one-third was due to falls in the scheme's assets, posting returns of -11.5% over the fourth quarter...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date