The financial position of the Netherlands' large pension funds improved somewhat in the last months of 2019, and all four large funds are now closer to reaching 100 percent coverage ration, according to the funds' annual figures, NOS reports.
Nine of the ten largest Dutch pension funds invest in arms manufacturers who supply systems to countries that violate human rights, such as Saudi Arabia. In total these pension funds invest over a billion euros in 14 of these types of arms companies, NRC reports based on the Fair Pension Guide study by peace organization PAX.
Millions of Dutch retirees may soon face a reduction in their pensions, the large pension funds warn in their quarterly reports. Time is running out in particular for metal funds PME and PMT. There seems to be small chance that they will get their financial position in order in time to prevent cuts, NU.nl reports.
Bad news for Dutch pensioners. A bad fourth quarter of 2018 deteriorated the financial position of a number of large pension funds, which means that they may have to lower the pensions of many Dutch retirees in 2020 or 2021, ANP reports.
The financial position of the five largest pension funds hardly changed in the third quarter, meaning that four out of the five still have a funding shortfall. This final quarter of 2016 will reveal whether the funds will have to lower pensions next year
Some 7 million workers and pensioners may well see their pensions reduced next year. The financial situation of the large Dutch pension funds dropped to critical last month, according to figures released by Aon Hewitt on Tuesday
Two-thirds of Dutch pension funds, including 4 of the 5 largest funds, are in so much financial trouble that they will have to submit a recovery plan to De Nederlandsche Bank. This involves 160 of the approximately 250 pension funds in the Netherlands. For many of these funds, this will be the second recovery plan they submit.
The financial position of major pension funds deteriorated over the first quarter. Low interest rates are resulting in lower returns on investments made by the funds, reports the newswire ANP.
The financial position of the major pension funds in the Netherlands has deteriorated over the past 3 months. Millions of people need to be aware that their pensions might be (again) reduced next year.
The funds were affected by the developments in the financial markets.