NETHERLANDS - Pensioenfonds Zorg en Welzijn (PFZW), the second largest Dutch pension fund, will have to submit a recovery plan to the regulator after its coverage ratio dropped below 96% at the end of November.
The pension fund for the health and welfare sector said the drop in coverage ratio, from 126% at the end of September, was the result of the worldwide depreciation of equities and the sharp decline...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- 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