The Netherlands’ corporate pension funds saw their assets grow by over €130bn to just over €1,000bn last year, according to new figures from the central bank.
The total is just sufficient to meet all the funds’ obligations, given the average coverage ratio is now around 100%.
The country’s biggest pension fund is the civil service fund ABP, which now has record assets of €281bn. Nevertheless, ABP has been forced to cut payments by 0.5% this year in order to shore up its asset base.
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