Transparent decisions
Dirk Witteveen, Executive Director of De Nederlandische Bank (DNB) is the architect of the Dutch financial assessment framework (FTK). Despite criticism from pension funds, he remains committed to bringing transparency to a formerly opaque market. Nicholas Dunbar reports
Life & Pensions
FTK has been opposed by some Dutch pension funds, particularly because the market-based solvency target at a time of low interest rates is unwelcome. Now it is being delayed for a year. Have you succumbed to pressure?
Dirk Witteveen
We've always known that, given the political sensitivity of the debate, the time frame for FTK was very tight. We have said it would be possible to introduce FTK in 2006 - we made that promise. But the original idea was that it would be introduced under
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