PFZW coverage ratio drops to 96%
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 in...
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