That the third quarter was turbulent was no surprise. But recently released funding figures for pension funds and asset under management figures for asset managers have helped us crystallise the cost of the uncertainty surrounding the future of the EU...
NETHERLANDS - Dropping interest rates knocked the coverage ratio for Pensioenfonds Zorg & Welzijn (PFZW) down to 91% and Stichting Pensioenfonds ABP's down to 90%.
New rules could see the burden of risk swing from employer to employee. Chris Panteli discovers that while this might be the norm elsewhere in the world today, the Dutch are not so keen to follow suit
NETHERLANDS - Pensioenfonds Zorg & Welzijn returned 0.4%, while Stichting Pensioenfonds ABP was up 0.8% for the second quarter.