Dutch pensions - Extended recovery for Dutch schemes

Following a double hit of declining interest rates and falling equity returns that has decimated the coverage ratios of Dutch pension schemes, the country's government has agreed to extend the timeframe, from three to five years, for schemes to submit a recovery plan.

Under Dutch pension regulation, if a fund's nominal coverage ratio falls below 105%, it is expected to file a recovery plan within three months that provides a roadmap of how they expect to recover their financial strength within