NETHERLANDS - Stichting Pensioenfonds ABP, the Netherlands' biggest pension fund, reported a return on investments of 4.6% in the first half of 2010.
The fund said assets under management stood at €218bn (US$279bn). The fund's coverage ratio, or the amount of assets relative to future benefit payments, fell to 95% at the end of June from 96% a month earlier.
It said the decrease was mainly due to historically low interest rates, and not a result of a drop in overall assets under management.
The Dutch regulator requires all pension funds to be 105% funded. If they fall below this watermark, schemes need to file a recovery plan. ABP is one year into a five-year recovery plan.
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.