Company pension funds will come under tougher supervision from the financial sector regulators when the pension reforms come into effect, central bank chief Klaas Knot is quoted as saying by the Financieele Dagblad on Thursday.

In particular, funds will not be able to shore up their assets by adopting risky short-term strategies, Knot said.
The new system, which includes a rise in the pension age to at least 66, will also give more freedom to corporate funds to determine their own investment strategy.
However they should remember they must operate as ‘a good father’ and that they are working with ‘other people’s money’ Knot said.
One of the main union objections to the new system has been the fact that pensions are likely to become more dependent on stock market developments.