NETHERLANDS - De Nederlandsche Bank (DNB) has reminded pension funds of their obligation to inform the regulator if they fail to meet reserve requirements, as a result of a downturn in the market and lower interest rates.
In a letter published on DNB's website today, division director Dr J.R. Heuvelman warned pension fund boards of directors of the requirements under the regulatory framework. Falling share market...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
