NETHERLANDS - Pensioenfonds Zorg en Welzijn (PFZW) reported a loss on investments in the second quarter of 1.2% and a drop in its coverage ratio of ten percentage points.
The €90.5bn (US$117.1bn) pension fund manager said its funding level dropped from 109% in the first quarter to 99% in the second quarter as long term interest rates fell half a percentage point to ...
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