The head of the giant civil service pension fund manager APG has called for a level playing field in pensions regulation, the Financial Times reported at the weekend.

In an interview with the paper, Dick Sluimers said that Dutch pension funds are still heavily reliant on foreign firms to manage their assets.
‘As a result, two-thirds of the €800bn in [Dutch pension] assets under management are now being managed abroad. It is our aim to get part of these assets back to the Netherlands,’ Sluimers told the paper.
He says Dutch pension funds are in a weaker position than their peers in London and New York because of strong local regulations.
‘It is questionable whether these strict rules can be enforced abroad, resulting in a situation where Dutch parties are meticulously screened while foreign peers can operate in the same market without these heavy chains,’ the FT quoted him as saying.