NETHERLANDS - ING Groep NV's Dutch pension fund's coverage ratio rose to about 116% at the end of July from 114% at the end of June.
The fund said the coverage ratio, or the assets held compared with future benefit payments, had remained stable despite fluctuating stock exchange indecies and low interest rates.
The fund also confirmed it was not one of the 14 unnamed Dutch pension funds ordered to reduce their pensions by social affairs minister Piet Hein Donner and the central bank yesterday.
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
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The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.