Extended FTK recovery period "to save e25bn"

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NETHERLANDS - The planned extension of the FTK recovery period, announced yesterday, could save the Dutch pension industry e20-25bn and the Dutch tax payer almost e10bn.

These estimates, calculated over the pension funds’ lifespans, were given to Global Pensions by Con Keating, principal at The Finance Development Centre. Yesterday social affairs minister Aart J...

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